Aroostook Partnership FY2024 filing

Caribou, ME · Business league / trade association

! Not tax-deductible
Revenue
$211K
-19% vs prior year
Spent
$227K
To programs
96%
Net assets
$319K
By yearFY2021–FY2025
Revenue
$211K
FY2024▼ -19%
Revenue by fiscal year
FY2021$242K
FY2022$126K
FY2023$261K
FY2024$211K
FY2025$199K
Expenses
$227K
FY2024▲ +10%
Expenses by fiscal year
FY2021$156K
FY2022$159K
FY2023$206K
FY2024$227K
FY2025$201K
Net assets
$319K
FY2024▼ -5%
Net assets by fiscal year
FY2021$303K
FY2022$279K
FY2023$334K
FY2024$319K
FY2025$316K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CAroostook Partnership
EINHdr · item D01-0421222
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFSep 1988
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCaribou, ME
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jaroostookpartnership.org

Where the money goes

What each dollar paid for.

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%$218K
Management & general4%$9K
Total functional expensesLn 25$227K

Financial health

Is it on solid ground?

Operating surplus
-7%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
62%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$321K
FY2024▼ -5%
Total assets by fiscal year
FY2021$305K
FY2022$279K
FY2023$338K
FY2024$321K
FY2025$317K
Total liabilities
$2K
FY2024▼ -51%
Total liabilities by fiscal year
FY2021$1K
FY2022$0
FY2023$4K
FY2024$2K
FY2025$1K
Revenue less expensesPt I · Ln 19−$15K
Total assetsPt X · Ln 16$321K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 328
Independent voting membersPt I · Ln 428

Balance Sheet

Part X · end of year
CashLn 1$321K
Total assetsLn 16$321K
Total liabilitiesLn 26$2K
Total net assetsLn 32$319K
Months of cash on handcomputed17.0

Statement of Revenue

Part VIII
Contributions & grants$198K · 94%
Investment income$14K · 6%
Contributions & grants94%$198K
Investment income6%$14K
Total revenueLn 12$211K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $321K · Operating expenses/yr $227K
17.0 months
Where the money goes
Program services
Program services $218K · Total expenses $227K
96%
Management & General
Management & general $9K · Total expenses $227K
4%
Fundraising
Fundraising $0 · Total expenses $227K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $192K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $198K · Total revenue $211K
94%
Government reliance
Government grants — · Total revenue $211K
—
Earned-income share
Program service revenue $0 · Total revenue $211K
0%
Investment reliance
Investment income $14K · Total revenue $211K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $227K
0%
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year $261K
-19%
Net-asset trend (YoY)
End of year $319K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $227K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $321K
—
Net-asset ratio
Net assets $319K · Total assets $321K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $321K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Scott Dionne · Reported title PRESIDENT & · Highest reported compensation $81K · Total expenses $227K
36%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $140K · Total expenses $227K
62%
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 -19%——
Legal fee ratio 0.05%——
Accounting fee ratio 3%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President &
$81,294Pt VII · Sec A
President &
$37,929Pt 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
Director
$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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Governance & Policies

Part VI
  • 28Voting board membersPt VI · Ln 1a
  • 28Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

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

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $199K$201K-6% 990 PDF
FY2024 Viewing $211K$227K-19% 990 PDF
FY2023 $261K$206K+107% 990 PDF
FY2022 $126K$159K-48% 990 PDF
FY2021 $242K$156K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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