Maine Preservation

Tax-deductible

Yarmouth, ME501(c)(3)Arts & CultureEIN 01-0319524

Downtown revitalization; neighborhood rehabilitation; saving landmark buildings, education and technical assistance.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Run by 52 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $20K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 24% of spending
Top officer’s pay higher than 91% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $235K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$482K
+3% vs prior year
Spent
$442K
To programs
65%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$482K
FY2025▲ +3%
Revenue by fiscal year
FY2020$284K
FY2021$493K
FY2022$459K
FY2023$475K
FY2024$468K
FY2025$482K
Expenses
$442K
FY2025▼ -10%
Expenses by fiscal year
FY2020$415K
FY2021$460K
FY2022$501K
FY2023$472K
FY2024$491K
FY2025$442K
Net assets
$1.0M
FY2025▲ +2%
Net assets by fiscal year
FY2020$823K
FY2021$1.0M
FY2022$1.0M
FY2023$985K
FY2024$980K
FY2025$1.0M

From the FY2025 Form 990 (year ending March 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $285K Management & general 14% · $63K Fundraising 21% · $93K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

17 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$107,039Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tara Kelly’s $107K as Executive Di is at the 91st percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tara Kelly$107,039$110,001$110,001$59,231——
Gregory B Paxton Thru 621————$102,300—
Gregory B Paxton—————$102,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Maine Preservation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Revitalizes downtowns, rehabilitates neighborhoods, and saves landmark buildings through education and assistance.

Provided by the organization

This section is blank until Maine Preservation claims this page.

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3 program services account for $111K of program spending, described in the organization's own filed words · FY2024.
01

Protect and Sell Program

Maine preservations's protect and sell program assists in the sale of historic buildings to new owners who agree to preserve and rehabilitate them subject to perpetual historic preservation easements. Additional easements are donated to the organization.

$58Kprogram expense
02

Maine preservation provides field services offered assistance to 150 projects for communities, nonprofits and individuals to help preserve historic buildings. Field service advisors visited communities and landmark properties to advise building stewards on next steps toward rehabilitating historic structures in maine.

$36Kprogram expense
03

State Historic Tax Credits

Maine preservation works with entities seeking to use the state historic tax credit, is a partner in 3 projects, and receives and disburses the credit to eligible entities.

$18Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 11 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$482K
Ln 12
Gifts and grantsLn 1h$351K
Investment incomeLn 3$83K
Fees for servicesLn 2g$57K
Money outPt IX
$442K
Ln 25
Programscol B$285K
Managementcol C$63K
Fundraisingcol D$93K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$1.0M
LiabilitiesLn 26$7K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$351K
Fundraising eventsLn 1c$53K
Fees for servicesLn 2g$57K
Investment incomeLn 3$83K
Total revenueLn 12$482K
Assets in detailPt X, end of year
CashLn 1$55K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$156K
InvestmentsLn 11–13$847K
Total assetsLn 16$1.0M
LiabilitiesLn 26$7K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 511
VolunteersI 652
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$109K$156K
InvestmentsLn 11–13$863K$847K
Total assetsLn 16$988K$1.0M
LiabilitiesLn 26$8K$7K
Net assetsLn 32$980K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$56K$25K$20K
Other salaries and wagesLn 7$196K$130K$7K$59K
Other employee benefitsLn 9$8K$3K$1K$4K
Payroll taxesLn 10$25K$16K$3K$7K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$18K$16K$1K
Office expensesLn 13$11K$8K$2K$2K
Information technologyLn 14$10K$7K$2K$2K
OccupancyLn 16$5K$4K$814$814
TravelLn 17$8K$8K
InsuranceLn 23$2K$1K$421
Other expenses (24a–d)Ln 24$33K$31K$2K
Total functional expensesLn 25$442K$285K$63K$93K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $482K$442K$40K$1.0M 990 PDF
FY2024 $468K$491K−$23K$980K 990 PDF
FY2023 $475K$472K$3K$985K 990 PDF
FY2022 $459K$501K−$41K$1.0M 990 PDF
FY2021 $493K$460K$33K$1.0M 990 PDF
FY2020 $284K$415K−$131K$823K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $482,319 across 8 lines filed
Lines not itemized here account for $641 of total revenue; see the IRS return.
VIII-1b Membership dues$50,747
VIII-1c Fundraising events$52,841
VIII-1f All other contributions, gifts and grants$247,855
VIII-1h Total contributions, gifts and grants$351,443
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,253$57,253
VIII-3 Investment incomeExcluded from tax $82,552$82,552
VIII-8 Net income from fundraising eventsExcluded from tax −$9,570−$9,570
VIII-12 Total revenueRelated to mission $57,894 · Excluded from tax $72,982$482,319
Part IX · Statement of functional expenses $442,171 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $55,614 · Management $25,279 · Fundraising $20,223$101,116
IX-7 Other salaries and wagesPrograms $130,230 · Management $7,272 · Fundraising $58,757$196,259
IX-9 Other employee benefitsPrograms $2,853 · Management $1,120 · Fundraising $3,713$7,686
IX-10 Payroll taxesPrograms $15,581 · Management $2,776 · Fundraising $6,735$25,092
IX-11b Legal feesPrograms $5,348$5,348
IX-11c Accounting feesManagement $4,650$4,650
IX-11f Investment management feesManagement $14,588$14,588
IX-11g Other fees for servicesPrograms $16,500 · Management $1,109$17,609
IX-13 Office expensesPrograms $7,924 · Management $1,698 · Fundraising $1,698$11,320
IX-14 Information technologyPrograms $7,057 · Management $1,512 · Fundraising $1,512$10,081
IX-16 OccupancyPrograms $3,800 · Management $814 · Fundraising $814$5,428
IX-17 TravelPrograms $7,905$7,905
IX-23 InsurancePrograms $1,263 · Management $421$1,684
IX-24 Other expenses (24a–d)Programs $31,377 · Management $2,028$33,405
IX-25 Total functional expensesPrograms $285,452 · Management $63,267 · Fundraising $93,452$442,171
Part X · Balance sheet $1,010,821 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $38,250$54,596
X-2 Savings and temporary cash investmentsStart of year $70,423$101,161
X-4 Accounts receivableStart of year $15,075$7,271
X-8 Inventories for sale or useStart of year $523$523
X-11 Publicly traded securitiesStart of year $863,315$847,270
X-16 Total assetsStart of year $987,586$1,010,821
X-17 Accounts payable and accrued expensesStart of year $6,362$988
X-19 Deferred revenueStart of year $1,701$6,000
X-26 Total liabilitiesStart of year $8,063$6,988
X-27 Net assets without donor restrictionsStart of year $116,208$156,563
X-28 Net assets with donor restrictionsStart of year $863,315$847,270
X-32 Total net assets or fund balancesStart of year $979,523$1,003,833
X-33 Total liabilities and net assetsStart of year $987,586$1,010,821
Part XI · Reconciliation of net assets $1,003,833 net assets at year end
XI-1 Total revenue$482,319
XI-2 Total expenses$442,171
XI-3 Revenue less expenses$40,148
XI-4 Net assets at start of year$979,523
XI-5 Net unrealized gains (losses) on investments−$15,838
XI-10 Net assets at end of year$1,003,833

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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