Partners In Island Education Inc
- Assets
- $1.3m
- Revenue
- $277.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Vinalhaven, ME
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 01-0527404
Organization Overview
Partners In Island Education Inc is located in Vinalhaven, ME. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Partners In Island Education Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners In Island Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Partners In Island Education Inc generated $277.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $185.8k during the year ending 06/2022. While expenses have increased by 10.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUPPORT EDUCATIONAL EXCELLENCE IN OUR COMMUNITY BY SPONSORING ART, LITERACY, AND ENRICHMENT OPPORTUNITIES AT THE VINALHAVEN SCHOOL, BY ASSISTING WITH THE DEVELOPMENT OF SCHOOL FACILITIES AND BY SUPPORTING FUTURE ASPIRATIONS BY FUNDING SCHOLARSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VINALHAVEN SCHOOL DISTRICT - PROVIDE SUPPLEMENTAL FUNDING FOR PROGRAMS AND FACILITIES THAT SUPPORT EDUCATIONAL EXCELLENCE. ENROLLMENT OF 155 STUDENTS.
SCHOLARSHIPS AWARDED FOR 11 VINALHAVEN STUDENTS.
PERCENT OF SALARIES AND WAGES ATTRIBUTED TO PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Warren President | OfficerTrustee | 2 | $0 |
Paul Goodof Treasurer | OfficerTrustee | 2 | $0 |
Abigail Trafford Vice President | OfficerTrustee | 1 | $0 |
Patricia Paquet Secretary | OfficerTrustee | 1 | $0 |
Janica Barrows Trustee | Trustee | 1 | $0 |
Kelly Richards Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,478 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,555 |
| Noncash contributions included in lines 1a–1f | $750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,033 |
| Total Program Service Revenue | $9,671 |
| Investment income | $5,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,532 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,436 |
| Grants and other assistance to domestic individuals. | $10,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,933 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,995 |
| Office expenses | $981 |
| Information technology | $271 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,264 |
| All other expenses | $0 |
| Total functional expenses | $185,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,585 |
| Savings and temporary cash investments | $244,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $228,398 |
| Investments—other securities | $0 |
| Investments—program-related | $787,746 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,266,224 |
| Accounts payable and accrued expenses | $84 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84 |
| Net assets without donor restrictions | $384,573 |
| Net assets with donor restrictions | $881,567 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,266,224 |
Grants Awarded
Over the last fiscal year, Partners In Island Education Inc has awarded $72,603 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VINALHAVEN SCHOOL | | | $56,783 |
VINALHAVEN SCHOOL | | | $15,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Partners In Island Education Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Sperry Family Foundation Inc Rhinebeck, NY PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $893,109 |
| Earnings | -$62,229 |
| Admin Expense | $15,933 |
| Grants | $27,200 |
| Ending Balance | $787,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J Blair And Tena Frank Foundation Portland, ME | $25,306,261 | -$7,590,090 |
Emanuel & Pauline A Lerner Foundation Portland, ME | $0 | $332,272 |
Partners In Island Education Inc Vinalhaven, ME | $1,266,224 | $277,237 |
Katharine A Heberton Charitable Tr Bedford, NH | $1,871,068 | $278,472 |
Patriarchs Club Harmony, ME | $471,065 | $0 |
Lakes Region Community Services Foundation Laconia, NH | $439,493 | $81,792 |
New Hampshire Troopers Foundation Inc Concord, NH | $137,314 | $0 |
Austin17house Raymond, NH | $44,806 | $0 |
Seed Moon Foundation Portland, ME | $464,931 | $102,653 |
Emerson And Ruth Mccourt Charitable Tr Fbo Nhctc & Keene State Portsmouth, NH | $1,439,903 | $39,311 |
Responsible Recycling Charitable Foundation Rochester, NH | $20,809 | $0 |
Sunny Bunch Family Foundation Inc Cape Elizabeth, ME | $920,964 | $41,610 |