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

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$102K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $836K in investments, Pt X · Ln 11–13
Looks good: 5.1 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
$31K
3% of total assets
Looks good: liabilities are 3% 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
$493K
+74% vs prior year
Spent
$460K
To programs
63%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$493K
FY2021▲ +74%
Tap a bar for its year
Revenue by fiscal year
FY2020$284K
FY2021$493K
FY2022$459K
FY2023$475K
FY2024$468K
FY2025$482K
Expenses
$460K
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$415K
FY2021$460K
FY2022$501K
FY2023$472K
FY2024$491K
FY2025$442K
Net assets
$1.0M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$823K
FY2021$1.0M
FY2022$1.0M
FY2023$985K
FY2024$980K
FY2025$1.0M

From the FY2021 Form 990 (year ending March 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

63 cents of each dollar spent went to programs.

Program services 63% · $291K Management & general 19% · $85K Fundraising 18% · $84K

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

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Who runs it and what they're paid

18 people listed on the 990; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$102,300Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$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.

Questions for Maine Preservation

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Your first name shows with your question. Maine Preservation answers here, for everyone.

Provided by the organization

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3 programs · $101K · in their own filed words · FY2020
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.

$56Kprogram 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.

$38Kprogram expense
03

State Historic Tax Credits

Maine preservation works with entities seeking to use the state historic tax credit, is a partner in 5 projects, and receives and disburses the credit to eligible entities.

$7Kprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$493K
Ln 12
Gifts and grantsLn 1h$426K
Investment incomeLn 3$44K
Fees for servicesLn 2g$31K
Money outPt IX
$460K
Ln 25
Programscol B$291K
Managementcol C$85K
Fundraisingcol D$84K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$1.1M
LiabilitiesLn 26$31K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Government grantsLn 1e$169K
Fundraising eventsLn 1c$69K
Fees for servicesLn 2g$31K
Investment incomeLn 3$44K
Total revenueLn 12$493K
Assets in detailPt X, end of year
CashLn 1$144K
SavingsLn 2$51K
Cash and savings togetherLn 1–2$195K
InvestmentsLn 11–13$836K
Other assetsLn 15$21K
Total assetsLn 16$1.1M
LiabilitiesLn 26$31K
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 FY21End FY21
Cash and savingsLn 1–2$153K$195K
InvestmentsLn 11–13$652K$836K
Total assetsLn 16$908K$1.1M
LiabilitiesLn 26$85K$31K
Net assetsLn 32$823K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$105K$62K$21K$21K
Other salaries and wagesLn 7$225K$162K$17K$46K
Other employee benefitsLn 9$23K$15K$3K$5K
Payroll taxesLn 10$28K$19K$3K$6K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$15K$15K
Other fees for servicesLn 11g$5K$4K$1K
Advertising and promotionLn 12$10$10
Office expensesLn 13$11K$7K$2K$2K
Information technologyLn 14$11K$8K$2K$2K
OccupancyLn 16$11K$8K$2K$2K
TravelLn 17$3K$3K
InsuranceLn 23$2K$1K$262$278
Other expenses (24a–d)Ln 24$14K$2K$13K
Total functional expensesLn 25$460K$291K$85K$84K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $493K$460K$33K$1.0M 990 PDF
FY2020 $284K$415K−$131K$823K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $493,397 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $254,329$425,678
I-9 Program service revenuePrior year $35,139$31,331
I-10 Investment incomePrior year $10,693$43,633
I-11 Other revenuePrior year −$15,996−$7,245
I-12 Total revenuePrior year $284,165$493,397
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $321,478$380,757
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $93,271$79,333
I-18 Total expensesPrior year $414,749$460,090
I-19 Revenue less expensesPrior year −$130,584$33,307
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $493,397 across 9 lines filed
Lines not itemized here account for $653 of total revenue; see the IRS return.
VIII-1b Membership dues$19,732
VIII-1c Fundraising events$68,530
VIII-1e Government grants$169,254
VIII-1f All other contributions, gifts and grants$168,162
VIII-1h Total contributions, gifts and grants$425,678
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,331$31,331
VIII-3 Investment incomeExcluded from tax $43,633$43,633
VIII-8 Net income from fundraising eventsExcluded from tax −$7,898−$7,898
VIII-12 Total revenueRelated to mission $31,984 · Excluded from tax $35,735$493,397
Part IX · Statement of functional expenses $460,090 across 14 lines filed
IX-6 Pay of disqualified personsPrograms $62,399 · Management $21,499 · Fundraising $20,974$104,872
IX-7 Other salaries and wagesPrograms $162,314 · Management $16,592 · Fundraising $45,945$224,851
IX-9 Other employee benefitsPrograms $14,656 · Management $2,931 · Fundraising $5,144$22,731
IX-10 Payroll taxesPrograms $19,438 · Management $3,310 · Fundraising $5,555$28,303
IX-11c Accounting feesManagement $6,886$6,886
IX-11f Investment management feesManagement $14,723$14,723
IX-11g Other fees for servicesPrograms $3,635 · Management $1,126$4,761
IX-12 Advertising and promotionPrograms $10$10
IX-13 Office expensesPrograms $7,246 · Management $1,730 · Fundraising $1,839$10,815
IX-14 Information technologyPrograms $7,615 · Management $1,819 · Fundraising $1,932$11,366
IX-16 OccupancyPrograms $7,688 · Management $1,836 · Fundraising $1,951$11,475
IX-17 TravelPrograms $3,428$3,428
IX-23 InsurancePrograms $1,095 · Management $262 · Fundraising $278$1,635
IX-24 Other expenses (24a–d)Programs $1,566 · Management $12,668$14,234
IX-25 Total functional expensesPrograms $291,090 · Management $85,382 · Fundraising $83,618$460,090
Part X · Balance sheet $1,070,538 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $54,173$143,848
X-2 Savings and temporary cash investmentsStart of year $98,710$50,733
X-3 Pledges and grants receivableStart of year $69,890$17,168
X-4 Accounts receivableStart of year $7,188$999
X-8 Inventories for sale or useStart of year $13,309$645
X-11 Publicly traded securitiesStart of year $652,205$836,141
X-15 Other assetsStart of year $9,380$21,004
X-16 Total assetsStart of year $907,832$1,070,538
X-17 Accounts payable and accrued expensesStart of year $14,932$13,416
X-19 Deferred revenueStart of year $69,890$17,168
X-26 Total liabilitiesStart of year $84,822$30,584
X-27 Net assets without donor restrictionsStart of year $170,805$203,813
X-28 Net assets with donor restrictionsStart of year $652,205$836,141
X-32 Total net assets or fund balancesStart of year $823,010$1,039,954
X-33 Total liabilities and net assetsStart of year $907,832$1,070,538
Part XI · Reconciliation of net assets $1,039,954 net assets at year end
XI-1 Total revenue$493,397
XI-2 Total expenses$460,090
XI-3 Revenue less expenses$33,307
XI-4 Net assets at start of year$823,010
XI-5 Net unrealized gains (losses) on investments$183,637
XI-10 Net assets at end of year$1,039,954

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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