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Poland Spring Preservation Society FY2020 filing

Tax-deductible

Poland Spring, ME501(c)(3)EIN 01-0347068Revenue $122K in FY2020

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.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 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
$122
0.02% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
Spent
$74K
To programs
92%
Net assets
$678K
By yearFY2020–FY2024
Revenue
$122K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$122K
FY2021$166K
FY2022$173K
FY2023$110K
FY2024$373K
Expenses
$74K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$74K
FY2021$111K
FY2022$135K
FY2023$149K
FY2024$159K
Net assets
$678K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$678K
FY2021$737K
FY2022$775K
FY2023$736K
FY2024$950K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

92 cents of each dollar spent went to programs.

Program services 92% · $68K Management & general 5% · $4K Fundraising 3% · $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

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Brown
Director
$0Pt VII · Sec A
Alan Gregory
Director
$0Pt VII · Sec A
Jason Libby
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Pat Beausang
Director
$0Pt VII · Sec A
Kayla Garcia
Director
$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 · $68K · in their own filed words · FY2020
01

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

$68Kprogram 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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$105K
Other incomeLn 4–11$16K
Investment incomeLn 3$659
Money outPt IX
$74K
Ln 25
Programscol B$68K
Managementcol C$4K
Fundraisingcol D$2K
Owns and owesPt X
$678K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$678K
LiabilitiesLn 26$122
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$105K
Government grantsLn 1e$9K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$245
Investment incomeLn 3$659
Other incomeLn 4–11$16K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$26K
Land, buildings, equipmentLn 10c$607K
Total assetsLn 16$678K
LiabilitiesLn 26$122
Net assetsLn 32$678K
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 FY20End FY20
Cash and savingsLn 1–2$139K$45K
InvestmentsLn 11–13$26K
Land, buildings, equipmentLn 10c$493K$607K
Total assetsLn 16$632K$678K
LiabilitiesLn 26$1K$122
Net assetsLn 32$630K$678K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$16K$16K
Payroll taxesLn 10$1K$1K
Legal feesLn 11b$35$35
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$151$151
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$14K$14K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$74K$68K$4K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $121,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $103,738$105,265
I-9 Program service revenuePrior year $3,924$245
I-10 Investment incomePrior year $866$659
I-11 Other revenuePrior year $31,729$15,670
I-12 Total revenuePrior year $140,257$121,839
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $45,210$17,367
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,370$56,845
I-18 Total expensesPrior year $101,580$74,212
I-19 Revenue less expensesPrior year $38,677$47,627
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $121,839 across 11 lines filed
Lines not itemized here account for $2,361 of total revenue; see the IRS return.
VIII-1b Membership dues$2,220
VIII-1c Fundraising events$5,469
VIII-1e Government grants$8,700
VIII-1f All other contributions, gifts and grants$88,876
VIII-1h Total contributions, gifts and grants$105,265
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $245$245
VIII-3 Investment incomeRelated to mission $659$659
VIII-5 RoyaltiesRelated to mission $84$84
VIII-6 Net rental income or lossExcluded from tax $3,700$3,700
VIII-8 Net income from fundraising eventsExcluded from tax $9,525$9,525
VIII-12 Total revenueRelated to mission $3,349 · Unrelated business $0 · Excluded from tax $13,225$121,839
Part IX · Statement of functional expenses $74,212 across 11 lines filed
IX-7 Other salaries and wagesPrograms $16,133$16,133
IX-10 Payroll taxesPrograms $1,234$1,234
IX-11b Legal feesManagement $35$35
IX-11c Accounting feesManagement $3,735$3,735
IX-11g Other fees for servicesPrograms $151$151
IX-12 Advertising and promotionFundraising $2,351$2,351
IX-13 Office expensesPrograms $5,695$5,695
IX-22 Depreciation, depletion and amortizationPrograms $18,053$18,053
IX-23 InsurancePrograms $10,722$10,722
IX-24 Other expenses (24a–d)Programs $14,302$14,302
IX-24e All other expensesPrograms $1,801$1,801
IX-25 Total functional expensesPrograms $68,091 · Management $3,770 · Fundraising $2,351$74,212
Part X · Balance sheet $677,829 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $138,902$44,812
X-10c Land, buildings and equipment, netStart of year $492,667$607,294
X-11 Publicly traded securities$25,723
X-16 Total assetsStart of year $631,569$677,829
X-17 Accounts payable and accrued expensesStart of year $1,489$122
X-26 Total liabilitiesStart of year $1,489$122
X-27 Net assets without donor restrictionsStart of year $618,260$665,887
X-28 Net assets with donor restrictionsStart of year $11,820$11,820
X-32 Total net assets or fund balancesStart of year $630,080$677,707
X-33 Total liabilities and net assetsStart of year $631,569$677,829
Part XI · Reconciliation of net assets $677,707 net assets at year end
XI-1 Total revenue$121,839
XI-2 Total expenses$74,212
XI-3 Revenue less expenses$47,627
XI-4 Net assets at start of year$630,080
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$677,707

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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