Aroostook Partnership

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EIN 01-0421222 Business league / trade association Caribou, ME
Form 990 (PDF)

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Revenue & expenses by yearFY2021–FY2025
Revenue
$199K
FY2025▼ -6%
Expenses
$201K
FY2025▼ -11%

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


Unites private sector leaders to ensure Aroostook County's economic survival and growth. For fiscal year 2025 it reported $199K in revenue, $201K in expenses, and $316K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Caribou, ME
Website
aroostookpartnership.org
Filings
5 on file (2021–2025)
Revenue
$199KFY2025
Expenses
$201K
Net assets
$316K
People
28
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Size
$100K–1M
What they do
Unites private sector leaders to ensure Aroostook County's economic survival and growth.
Leadership
Kiersten Purington · President &
Money in and out
$199K revenue, $201K expenses
Bottom line
-1% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A business league, chamber of commerce, or trade association. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

96% to programs

96% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -6% vs prior year

Revenue band $100K–1M, -6% versus the prior filing year (down). See detail →

Membership & operating revenue · FY2025
Total revenue
$199K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$316K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Operating surplus
-1%
revenue over expenses▲ +80% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
50%
of spending is salaries & benefits▼ -18% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$317K
FY2025▼ -1%
Total liabilities
$1K
FY2025▼ -43%
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$317K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 428

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAroostook Partnership
EINHdr · item D01-0421222
Principal addressHdr · item CCaribou, ME
WebsiteHdr · item Jaroostookpartnership.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a28
Independent voting membersPt VI · Ln 1b28
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021
Paul Towle$37,929$120,148$118,597—
Paul Towle———$106,979
Scott Dionne$81,294———

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.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2025.
01

Resources used to ensure the economic survival and growth of aroostook county.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$190K · 96%
Investment income$8K · 4%
Contributions & grants96%$190K
Investment income4%$8K
Total revenueLn 12$199K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$193K
Management & general4%$9K
Total functional expensesLn 25$201K

Balance Sheet

Part X · end of year
CashLn 1$317K
Total assetsLn 16$317K
Total liabilitiesLn 26$1K
Total net assetsLn 32$316K
Months of cash on handcomputed18.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $317K · Operating expenses/yr $201K
18.9 months
Where the money goes
Program services
Program services $193K · Total expenses $201K
96%
Management & General
Management & general $9K · Total expenses $201K
4%
Fundraising
Fundraising $0 · Total expenses $201K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $214K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $190K · Total revenue $199K
96%
Government reliance
Government grants — · Total revenue $199K
—
Earned-income share
Program service revenue $0 · Total revenue $199K
0%
Investment reliance
Investment income $8K · Total revenue $199K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $201K
0%
Growth & trend
Revenue growth (YoY)
This year $199K · Prior year $211K
-6%
Revenue CAGR
FY2021 $242K · FY2025 $199K
-5%
Net-asset trend (YoY)
End of year $316K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $199K · Expenses $201K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $317K
—
Net-asset ratio
Net assets $316K · Total assets $317K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $317K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kiersten Purington · Reported title PRESIDENT & · Highest reported compensation $0 · Total expenses $201K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $102K · Total expenses $201K
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Revenue growth -6%——
Accounting fee ratio 4%——

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)$199K revenue · viewing · ⤓ 990 PDF
FY2024$211K revenue · ⤓ 990 PDF
FY2023$261K revenue · ⤓ 990 PDF
FY2022$126K revenue · ⤓ 990 PDF
FY2021$242K 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
Names, privacy, and removal requests More

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