Maine Lighthouse Trust
- Assets
- $4.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-0890686
Organization Overview
Maine Lighthouse Trust is located in Biddeford, ME. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Maine Lighthouse Trust 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 12/2022, Maine Lighthouse Trust generated $58.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 66.1% each year . All expenses for the organization totaled $57.6k during the year ending 12/2022. While expenses have increased by 43.2% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O, STATEMENT 3
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Murphy President | 20 | $0 | |
Barbara Fortier Pelletier Secretary | 5 | $0 | |
Walter Fowski Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,820 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,827 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,390 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $99 |
| Other expenses | $13,151 |
| Total expenses | $57,640 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,450 |
| Other assets | $0 |
| Total assets | $4,450 |
| Total liabilities | $52,223 |
| Net assets or fund balances | -$47,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Borman Family Foundation Oakland, ME | $9,337,779 | $721,585 |
Charter Charitable Foundation Concord, NH | $8,032,889 | $913,988 |
Haynes Family Foundation Inc Melvin Village, NH | $1,067,593 | $458,079 |
The Compass Fund 4737682 Kingston, NH | $6,311,073 | $283,352 |
Monteverde Friends U S Inc Campton, NH | $80,877 | $0 |
Associates Of The Osher Map Library Portland, ME | $3,122,131 | $131,006 |
Vipont Demerwin Trust 151872 Uw Fbo Society Presn E Antiquities Nect Bedford, NH | $1,733,221 | $210,052 |
Maine State Troopers Foundation Unity, ME | $163,256 | $172,289 |
Lafayette Family Foundation Bangor, ME | $379,539 | $63,393 |
Maine Lighthouse Trust Biddeford, ME | $4,450 | $0 |
Maine Better Transportation Educational Foundation Augusta, ME | $855,866 | $177,366 |
Mid-State Foundation Winslow, ME | $33,198 | $0 |