Recompense Fund
- Assets
- $1.1m
- Revenue
- $188.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chebeague Island, ME
- Founding
- Data as of
- 12/2021
- EIN
- 84-4249483
Organization Overview
Recompense Fund is located in Chebeague Island, ME. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recompense Fund 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, Recompense Fund generated $188.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.5%) each year. All expenses for the organization totaled $73.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Recompense Fund has awarded 11 individual grants totaling $126,645. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CHARITABLE AND COMMUNITY ORGANIZATIONS ON CHEBEAGUE ISLAND, ME
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT 501(C)3 CHEBEAGUE COMMUNITY CHURCH TO ASSIST IN THE DISAFFILIATION PROCESS.
GRANT 501(C)3 CHEBEAGUE ISLAND LIBRARY TO SUPPORT THE INSTALLATION OF HEAT PUMPS.
GRANT 501(C)3 CHEBEAGUE ISLAND HALL & COMMUNITY CENTER TOWARD INSTALLING A SOUND AND AUDIOVISUAL SYSTEM
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Johnson President | OfficerTrustee | 3 | $0 |
Elaine Clark Secretary | OfficerTrustee | 2 | $0 |
James Van Fleet Treasurer | OfficerTrustee | 2 | $0 |
Scott Searway Vice President | OfficerTrustee | 2 | $0 |
Justin Doughty Member | Trustee | 1 | $0 |
Leila Bisharat Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,824 |
| Total Program Service Revenue | $0 |
| Investment income | $2,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,500 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $7,331 |
| Fees for services: Other | $490 |
| Advertising and promotion | $0 |
| Office expenses | $1,350 |
| Information technology | $0 |
| 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 | $611 |
| All other expenses | $0 |
| Total functional expenses | $73,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,781 |
| Savings and temporary cash investments | $0 |
| 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 | $1,035,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,136,865 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,136,865 |
| Total liabilities and net assets/fund balances | $1,136,865 |
Grants Awarded
Over the last fiscal year, Recompense Fund has awarded $45,645 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHEBEAGUE COMMUNITY CHURCH PURPOSE: ASSIST IN THE DISAFFILIATION PROCESS | $10,000 |
CHEBEAGUE ISLAND LIBRARY PURPOSE: SUPPORT THE INSTALLATION OF HEAT PUMPS | $10,000 |
CHEBEAGUE ISLAND HALL & COMMUNITY CENTER PURPOSE: SUPPORT THE INSTALLATION OF SOUND AND AUDIOVISUAL SYSTEM | $10,000 |
Chebeague Island, ME PURPOSE: EXPAND ADDITIONAL IN-HOME SERVICES FOR ISLAND ELDERS | $8,645 |
Chebeague Island, ME PURPOSE: UPGRADE BROADBAND EQUIPMENT, PROVIDE PROFESSIONAL IT SUPPORT, ENHANCE ARCHIVAL STORAGE & SECURITY | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Recompense Fund has recieved totaling $55,283.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Community & Neighborhood Development | $38,983 |
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,250 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Maine Community Action Inc East Wilton, ME | $2,655,425 | $7,908,915 |
Midcoast Maine Community Action Bath, ME | $8,784,018 | $7,409,207 |
Gather Portsmouth, NH | $3,371,502 | $5,178,457 |
Listen Lebanon In Service To Each Neighbor Lebanon, NH | $8,445,232 | $5,474,105 |
Family Resource Center At Gorham Gorham, NH | $2,061,078 | $4,256,786 |
Second Start Concord, NH | $3,257,715 | $3,964,815 |
Knox County Homeless Coalition Rockland, ME | $2,775,608 | $3,860,914 |
Snhs Management Corporation Manchester, NH | $31,390,681 | $3,932,890 |
Topfield Foundation Inc Loudon, NH | $42,571 | $1,936,292 |
Crotched Mountain Foundation Manchester, NH | $33,417,985 | $3,858,205 |
The Front Door Agency Inc Nashua, NH | $5,544,911 | $2,115,957 |
Swimming With A Mission Inc Bedford, NH | $1,000,015 | $1,985,165 |