Bonnell Cove Foundation
- Assets
- $1.6m
- Revenue
- $91.5k
- Investments
- $1.5m
- Employees
- 0
- Location
- Camden, ME
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 13-3556721
Organization Overview
Bonnell Cove Foundation is located in Camden, ME. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonnell Cove Foundation 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 12/2021, Bonnell Cove Foundation generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $73.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bonnell Cove Foundation has awarded 100 individual grants totaling $485,495. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS TO BE USED FOR EDUCATIONAL SAFETY AT SEA OR ENVIRONMENTAL OUTREACH PURPOSES. IN 2021, THE FOUNDATION PROVIDED 12 GRANTS FOR THESE PURPOSES, TOTALING OVER 66,000.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul K Rogers III Treasurer | 4 | $0 | |
Peter Balasubramanian Director | 1 | $0 | |
William Foss Director | 1 | $0 | |
W Frank Bohlen Secretary | 4 | $0 | |
Sheila Mccurdy Director | 1 | $0 | |
W Bradley Avery Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,315 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,814 |
| Capital Gain Net Income | $23,814 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $91,460 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,838 |
| Other expenses | $3,182 |
| Total operating and administrative expenses | $7,282 |
| Contributions, gifts, grants paid | $66,214 |
| Total expenses and disbursements | $73,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,739 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,552,429 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bonnell Cove Foundation has awarded $66,214 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: ENVIRONMENTAL | $9,730 |
Provincetown, MA PURPOSE: ENVIRONMENTAL WHITE SHARK MOVE | $8,890 |
NORTHWEST STRAITS FOUNDATION PURPOSE: SAFETY AT SEA | $7,100 |
Washington, DC PURPOSE: SAFETY AT SEA | $7,000 |
NORTHWEST SCHOOL OF WOOD PURPOSE: ENVIRONMENTAL | $5,000 |
New York, NY PURPOSE: SAFETY AT SEA | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bonnell Cove Foundation has recieved totaling $3,200.
| Awarding Organization | Amount |
|---|---|
Enersen Foundation San Rafael, CA PURPOSE: SAFETY AT SEAENVIRONMENT OF THE SEA | $2,000 |
Middlecott Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $500 |
Larry And Anne Glenn Foundation Inc Newport, RI PURPOSE: GENERAL OPERATING | $400 |
Godshalk Family Char Fdn U Agr 12232005 Investment Advisory Acct Boston, MA PURPOSE: GENERAL | $200 |
Garrett Foundation Richmond, VA PURPOSE: CHARITABLE SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |
Albert B Glickman Family Foundation Portland, ME | $24,527,916 | $3,353,968 |
Emily Landecker Foundation Hanover, NH | $38,846,417 | $4,476,586 |
Opportunity Networks Inc Amherst, NH | $2,792,676 | $4,076,100 |
The Bob Crewe Foundation Cumberland Foreside, ME | $17,458,318 | $1,381,520 |
Roxanne Quimby Foundation Inc Portland, ME | $37,980,106 | $2,835,642 |
Frank M & Olive E Gilman Foundation Inc Enfield, NH | $33,453,249 | $3,949,381 |
Jackson Hole Ranch Conservancy Foundation Exeter, NH | $0 | $1,922,389 |