Aroostook Partnership FY2021 filing

Not tax-deductible

Caribou, ME501(c)(6)EIN 01-0421222

partnership speaking with one voice and engaging the private sector leadership, talents, and resources in the region to ensure the economic survival and growth of Aroostook County.

$107K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 5
filings with a surplus
Average surplus $18K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 69% of spending
Concern: pay to officers and key staff is 69% of spending; over 30%.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 20.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
Spent
$156K
To programs
0%
Net assets
$303K
By yearFY2021–FY2025
Revenue
$242K
FY2021
Revenue by fiscal year
FY2021$242K
FY2022$126K
FY2023$261K
FY2024$211K
FY2025$199K
Expenses
$156K
FY2021
Expenses by fiscal year
FY2021$156K
FY2022$159K
FY2023$206K
FY2024$227K
FY2025$201K
Net assets
$303K
FY2021
Net assets by fiscal year
FY2021$303K
FY2022$279K
FY2023$334K
FY2024$319K
FY2025$316K

From the FY2021 Form 990 · 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 Sep 1988.

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

Who runs it and what they're paid

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

Part VII, Section A · reportable compensation
President & CEO
$106,979Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

See Aroostook Partnership 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

Unites private sector leaders to ensure Aroostook County's economic survival and growth.

Provided by the organization

This section is blank until Aroostook Partnership claims this page.

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3 program services, described in the organization's own filed words · FY2021.
01

Forest Industry Promotion

AP's president is a board member of the Ashland Area Economic Development Corporation. AP's involvement is in promoting the Ashland region statewide, nationally and internationally to help attract new investment in the region's abundant natural forest resource and developing modern uses for the forest and byproducts of the forest…

Pt IX · col B
02

Broadband Access

AP's president originated and Co-Chairs the County Broadband Committee. This committee and its subcommittees are comprised of 36 volunteers who are led by AP to focus on deploying broadband solutions in underserved areas of rural Northern Maine.

Pt IX · col B
03

Opportunities Aroostook

AP hosts a website that offers area businesses unlimited free job listings. We average over 200 job listings and over 100 businesses access the free service. This helps to efficiently connect our Aroostook job seekers to great local employment opportunities.

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Gifts and grantsLn 1h$242K
Investment incomeLn 3$278
Money outPt IX
$156K
Ln 25
Owns and owesPt X
$303K
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$305K
LiabilitiesLn 26$1K
PeoplePt VI, VII
30
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Government grantsLn 1e$21K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$278
Gains on assetsLn 7$0
Total revenueLn 12$242K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$269K
Cash and savings togetherLn 1–2$269K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$305K
LiabilitiesLn 26$1K
Net assetsLn 32$303K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$190K$269K
InvestmentsLn 11–13$0$0
Total assetsLn 16$217K$305K
LiabilitiesLn 26$0$1K
Net assetsLn 32$217K$303K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$105K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$8K
Pension plan contributionsLn 8$6K
Other employee benefitsLn 9$0
Payroll taxesLn 10$34K
Management feesLn 11a$1K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$298
Advertising and promotionLn 12$126
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$346
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$156K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $199K$201K−$3K$316K 990 PDF
FY2024 $211K$227K−$15K$319K 990 PDF
FY2023 $261K$206K$55K$334K 990 PDF
FY2022 $126K$159K−$33K$279K 990 PDF
FY2021 Viewing $242K$156K$87K$303K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $242,491 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$221,380
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$20,833
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$242,213
VIII-3 Investment incomeRelated to mission $278 · Unrelated business $0 · Excluded from tax $0$278
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $278 · Unrelated business $0 · Excluded from tax $0$242,491
Part IX · Statement of functional expenses $155,882 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$105,081
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$7,725
IX-8 Pension plan contributions$5,827
IX-9 Other employee benefits$0
IX-10 Payroll taxes$33,968
IX-11a Management fees$1,071
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$298
IX-12 Advertising and promotion$126
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$346
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$1,440
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$155,882
Part X · Balance sheet $304,620 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $190,312$269,114
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $26,500$35,506
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $216,812$304,620
X-17 Accounts payable and accrued expensesStart of year $0$1,199
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$1,199
X-27 Net assets without donor restrictionsStart of year $216,812$303,421
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $216,812$303,421
X-33 Total liabilities and net assetsStart of year $216,812$304,620
Part XI · Reconciliation of net assets $303,421 net assets at year end
XI-1 Total revenue$242,491
XI-2 Total expenses$155,882
XI-3 Revenue less expenses$86,609
XI-4 Net assets at start of year$216,812
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$303,421

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

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