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Poland Spring Preservation Society

Tax-deductible

Poland Spring, ME501(c)(3) EIN 01-0347068Revenue $373K in FY2024

On file with the IRSpolandspringps.orgPo Box 444, 04274-0444 · Poland Spring, METax-exempt since Mar 1977Publicly supported charity — 170(b)(1)(A)(vi)

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Preservation of historically significant buildings in Poland Spring and to educate visitors about the Poland springs history.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $63K a year · 34% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $23K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$802
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
+240% vs prior year
Spent
$159K
To programs
96%
Net assets
$950K
By yearFY2020–FY2024
Revenue
$373K
FY2024▲ +240%
Tap a bar for its year
Revenue by fiscal year
FY2020$122K
FY2021$166K
FY2022$173K
FY2023$110K
FY2024$373K
Expenses
$159K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$74K
FY2021$111K
FY2022$135K
FY2023$149K
FY2024$159K
Net assets
$950K
FY2024▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$678K
FY2021$737K
FY2022$775K
FY2023$736K
FY2024$950K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1977.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $153K Management & general 2% · $3K Fundraising 2% · $2K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
Cyndi Robbins
Vice President
$0Pt VII · Sec A
Merrill Marsh
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Heather Printup
Executive Director
$0Pt VII · Sec A
Pat Beausang
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Poland Spring Preservation Society 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 15aNo

Programs and updates

Preserves historic buildings and educates visitors about Poland Spring's history.

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Provided by the organization

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1 program · $153K · in their own filed words · FY2024
01

The historical buildings are open to the public during the summer months and for school field trips in the spring.

$153Kprogram 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
Donor Advised Charitable Giving INCFY2024$13K
Maine Community Foundation INCFY2024$10K
Total grants receivedfrom 2 funders$23K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$373K
Ln 12
Gifts and grantsLn 1h$309K
Other incomeLn 4–11$58K
Investment incomeLn 3$7K
Money outPt IX
$159K
Ln 25
Programscol B$153K
Managementcol C$3K
Fundraisingcol D$2K
Owns and owesPt X
$950K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$951K
LiabilitiesLn 26$802
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$309K
Fundraising eventsLn 1c$3K
Investment incomeLn 3$7K
Other incomeLn 4–11$58K
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$239K
Cash and savings togetherLn 1–2$241K
InvestmentsLn 11–13$16K
Land, buildings, equipmentLn 10c$694K
Total assetsLn 16$951K
LiabilitiesLn 26$802
Net assetsLn 32$950K
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$39K$241K
InvestmentsLn 11–13$16K$16K
Land, buildings, equipmentLn 10c$681K$694K
Total assetsLn 16$737K$951K
LiabilitiesLn 26$619$802
Net assetsLn 32$736K$950K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$75K$75K
Payroll taxesLn 10$6K$6K
Legal feesLn 11b$35$35
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$159K$153K$3K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $373K$159K$215K$950K 990 PDF
FY2023 $110K$149K−$39K$736K 990 PDF
FY2022 $173K$135K$38K$775K 990 PDF
FY2021 $166K$111K$55K$737K 990 PDF
FY2020 $122K$74K$48K$678K 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 FY2024 990 (6 parts)
Part I · Summary $373,377 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,559$308,637
I-9 Program service revenuePrior year $5,310$0
I-10 Investment incomePrior year $438$6,753
I-11 Other revenuePrior year $49,604$57,987
I-12 Total revenuePrior year $109,911$373,377
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $79,071$80,270
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $69,589$78,507
I-18 Total expensesPrior year $148,660$158,777
I-19 Revenue less expensesPrior year −$38,749$214,600
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $373,377 across 8 lines filed
Lines not itemized here account for $7,073 of total revenue; see the IRS return.
VIII-1b Membership dues$790
VIII-1c Fundraising events$2,935
VIII-1f All other contributions, gifts and grants$304,912
VIII-1h Total contributions, gifts and grants$308,637
VIII-3 Investment incomeRelated to mission $6,753$6,753
VIII-6 Net rental income or lossExcluded from tax $6,800$6,800
VIII-8 Net income from fundraising eventsExcluded from tax $44,114$44,114
VIII-12 Total revenueRelated to mission $13,826 · Unrelated business $0 · Excluded from tax $50,914$373,377
Part IX · Statement of functional expenses $158,777 across 10 lines filed
IX-7 Other salaries and wagesPrograms $74,566$74,566
IX-10 Payroll taxesPrograms $5,704$5,704
IX-11b Legal feesManagement $35$35
IX-11c Accounting feesManagement $3,182$3,182
IX-12 Advertising and promotionFundraising $2,394$2,394
IX-13 Office expensesPrograms $1,855$1,855
IX-22 Depreciation, depletion and amortizationPrograms $20,480$20,480
IX-23 InsurancePrograms $18,036$18,036
IX-24 Other expenses (24a–d)Programs $27,257$27,257
IX-24e All other expensesPrograms $5,268$5,268
IX-25 Total functional expensesPrograms $153,166 · Management $3,217 · Fundraising $2,394$158,777
Part X · Balance sheet $950,768 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $39,484$2,353
X-2 Savings and temporary cash investments$238,554
X-10c Land, buildings and equipment, netStart of year $680,966$694,325
X-11 Publicly traded securitiesStart of year $16,249$15,536
X-16 Total assetsStart of year $736,699$950,768
X-17 Accounts payable and accrued expensesStart of year $619$802
X-26 Total liabilitiesStart of year $619$802
X-27 Net assets without donor restrictionsStart of year $718,027$839,897
X-28 Net assets with donor restrictionsStart of year $18,053$110,069
X-32 Total net assets or fund balancesStart of year $736,080$949,966
X-33 Total liabilities and net assetsStart of year $736,699$950,768
Part XI · Reconciliation of net assets $949,966 net assets at year end
XI-1 Total revenue$373,377
XI-2 Total expenses$158,777
XI-3 Revenue less expenses$214,600
XI-4 Net assets at start of year$736,080
XI-5 Net unrealized gains (losses) on investments−$714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$949,966

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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