Trefethen Evergreen Improvement

Public charity (501(c)(3)) Peaks Island, ME EIN 01-0173095 NTEE N30
Revenue
$466K
▲ +37%
FY2025 · Pt VIII · Ln 12
Expenses
$301K
▲ +1%
FY2025 · Pt IX · Ln 25
Net assets
$881K
FY2025 · Pt X · Ln 32
To programs
92%
FY2025 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$466K
FY2025▲ +37%
Expenses
$301K
FY2025▲ +1%

Offers summer tennis, sailing, and waterfront fun with youth instruction.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
Not on file
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Spent on programs?
92% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↑ +37% vs prior year
Details →

Form 990 for the fiscal year ending September 2025 (IRS tax year 2024).


Offers summer tennis, sailing, and waterfront fun with youth instruction.

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Peaks Island, ME
Filings
6 on file (2020–2025)
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Provided by the organization

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Where the money goes · FY2025
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
19.3mo
months of highly liquid reserves at operating expense rate▲ +13% vs prior filing year
Surplus margin
+35%
revenue over expenses, this year▲ +181% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$941K
FY2025▲ +27%
Total liabilities
$60K
FY2025▲ ×18
Revenue less expensesPt I · Ln 19$166K
Total assetsPt X · Ln 16$941K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTrefethen Evergreen Improvement
EINHdr · item D01-0173095
Principal addressHdr · item CPeaks Island, ME
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N30)
Ruling yearIRS BMFApr 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director & Chairperson
$0Pt VII · Sec A
Director & Vice-Chairperson
$0Pt VII · Sec A
Director & Treasurer
$0Pt VII · Sec A
Director & Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $89K of program spending, described in the organization's own filed words · FY2024.
01

Over 73 youth received professional educational instruction in sailing optis and 420 sailboats and participated in regional competitions.

$40Kprogram expense
02

Over 50 member families used our docks and waterfront facilities.

$29Kprogram expense
03

Over 160 adults and youth participated in tennis including instructional lessons by coaches; open play and tournaments.

$21Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$177K · 38%
Contributions & grants$146K · 31%
Other revenue$109K · 23%
Investment income$35K · 7%
Program service revenue38%$177K
Contributions & grants31%$146K
Other revenue23%$109K
Investment income7%$35K
— government grantsLn 1e$62K
Total revenueLn 12$466K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$276K
Management & general8%$24K
Total functional expensesLn 25$301K

Balance Sheet

Part X · end of year
CashLn 1$335K
Total assetsLn 16$941K
Total liabilitiesLn 26$60K
Total net assetsLn 32$881K
Months of cash on handcomputed13.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $483K · Operating expenses/yr $301K
19.3 months
Where the money goes
Program services
Program services $276K · Total expenses $301K
92%
Management & General
Management & general $24K · Total expenses $301K
8%
Fundraising
Fundraising $0 · Total expenses $301K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $667 · Solicited contributions (3-yr avg) $84K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $146K · Total revenue $466K
31%
Government reliance
Government grants $62K · Total revenue $466K
13%
Earned-income share
Program service revenue $177K · Total revenue $466K
38%
Investment reliance
Investment income $35K · Total revenue $466K
+7%
Program self-sufficiency
Program service revenue $177K · Total expenses $301K
59%
Growth & trend
Revenue growth (YoY)
This year $466K · Prior year $340K
+37%
Revenue CAGR
FY2019 $145K · FY2024 $466K
+26%
Net-asset trend (YoY)
End of year $881K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $466K · Expenses $301K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $941K
—
Net-asset ratio
Net assets $881K · Total assets $941K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $148K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $941K
16%
People & payroll
Highest Reported Total Compensation
Individual Molly Honan Dilorenzo · Reported title Director & Chairperson · Highest reported compensation $0 · Total expenses $301K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $111K · Total expenses $301K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Fundraising cost ratio 0%——
Revenue growth 37%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$466K revenue · viewing · ⤓ 990 PDF
FY2024$340K revenue · ⤓ 990 PDF
FY2023$312K revenue · ⤓ 990 PDF
FY2022$347K revenue · ⤓ 990 PDF
FY2021$332K revenue · ⤓ 990 PDF
FY2020$145K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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