Unity Foundation EIN 01-0536785 Form 990 (PDF) Claim this org

Unity Foundation FY2022 filing

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Strengthens Maine nonprofits to better serve their communities. For fiscal year 2022 it reported $383K in revenue, $313K in expenses, and $685K in net assets.Pt I

Type
Supporting organization · Education
Location
Unity, ME
Website
www.unityfdn.org
Filings
5 on file (2020–2022)
Revenue
$383KFY2022
Expenses
$313K
Net assets
$685K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-0536785 Supporting organization Unity, ME
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Strengthens Maine nonprofits to better serve their communities.
Leadership
Laura J Roming · Research & Program Officer · $66K
Money in and out
$383K revenue, $313K expenses
Money in and out · FY2022
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$685K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $70K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$383K
FY2022▲ +144%
Expenses
$313K
FY2022▼ -32%
Total assets
$711K
FY2022▲ +6%
Total liabilities
$26K
FY2022▼ -55%
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$685K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$70K
Total assetsPt X · Ln 16$711K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnity Foundation
EINHdr · item D01-0536785
Principal addressHdr · item CUnity, ME
WebsiteHdr · item Jwww.unityfdn.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFDec 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Research & Program Officer
$65,931Pt VII · Sec A
CEO/Chairman of the Board
$63,134Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Laura J Roming’s $82K as Director/Research & Program Officer is at the 94th percentile of top reported officer pay among 145 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura J Roming$82,236$76,208$65,931
Lawrence J Sterrs$53,480$51,500$63,134$66,250$66,250

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 account for $194K of program spending, described in the organization's own filed words · FY2022.
01

Unity Foundation supports youth, educational, environmental, arts and community development programs, activities and services of its supported organizations and other nonprofits. The Foundation enables nonprofits to fulfill their missions by providing grants, technical assistance, education and convenings.

$194Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$200K · 52%
Program service revenue$183K · 48%
Contributions & grants52%$200K
Program service revenue48%$183K
Investment income$25
Total revenueLn 12$383K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$194K
Management & general38%$120K
Total functional expensesLn 25$313K

Balance Sheet

Part X · end of year
CashLn 1$692K
Total assetsLn 16$711K
Total liabilitiesLn 26$26K
Total net assetsLn 32$685K
Months of cash on handcomputed26.5

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $307K · 2020–2023
Children's Discovery MuseumME · FY2023$25,000
Local Media FoundationMI · FY2023$15,000
Camden ConferenceME · FY2023$10,000
Points North InstituteME · FY2023$10,000
Rural Aspirations ProjectME · FY2023$10,000
Ecology Learning CenterME · FY2022$15,000
Camden ConferenceME · FY2022$10,000
Good Will Home AssociationME · FY2021$80,000
Groundtruth Project INCMA · FY2021$30,000
Camden ConferenceME · FY2020$15,000
Points North InstituteME · FY2020$10,000

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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
FY2024 (Latest)$76K revenue · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF
FY2022$383K revenue · viewing · ⤓ 990 PDF
FY2021$157K revenue · ⤓ 990 PDF
FY2020$319K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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