Marginal Way Preservation Fund

Tax-deductible

Ogunquit, ME501(c)(3)EnvironmentEIN 01-0957572Revenue $1.0M in FY2024

On file with the IRSmarginalwayfund.orgPo Box 1455, 03907-1455 · Ogunquit, METax-exempt since Feb 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Protecting and Preserving the Marginal Way for Future Generations.

501(c)(3) charity; gifts are tax-deductible.
Run by 14 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $512K a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 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
$120K
to officers and key staff · 41% of spending
Top officer’s pay lower than 55% of similar orgs
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+36% vs prior year
Spent
$292K
To programs
0%
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ +36%
Tap a bar for its year
Revenue by fiscal year
FY2020$372K
FY2021$847K
FY2022$704K
FY2023$754K
FY2024$1.0M
Expenses
$292K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$148K
FY2021$180K
FY2022$201K
FY2023$318K
FY2024$292K
Net assets
$4.3M
FY2024▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.6M
FY2022$2.8M
FY2023$3.5M
FY2024$4.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

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

Where the money goes

What each dollar paid for.

Management & general 32% · $94K Fundraising 68% · $198K

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

21 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$120,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President Em
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Allison Ramsey’s $120K as Executive Di is at the 45th percentile of top reported officer pay among 1851 $1–10M environment 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2020
Allison Ramsey$120,000$120,000$110,000$27,404

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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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

Preserves and protects the Marginal Way coastal path for everyone to enjoy.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The MWPF solicits contributions through fundraising activities. These contributions are used to fund the organization's endowment. Endowment earnings are then leveraged for projects related to beautify, improve or maintain the town of ogunquit, maine's scenic coastal walkway, known as the marginal way.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$4K
Grants paid · 1 grant · $54K · 2020–2020
Individual RecipientFY2020$53,987

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$822K
Investment incomeLn 3$202K
Money outPt IX
$292K
Ln 25
Managementcol C$94K
Fundraisingcol D$198K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$353K
Total assetsLn 16$4.3M
LiabilitiesLn 26$12K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$822K
Investment incomeLn 3$202K
Gains on assetsLn 7$115K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$281K
SavingsLn 2$72K
Cash and savings togetherLn 1–2$353K
InvestmentsLn 11–13$3.8M
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$4.3M
LiabilitiesLn 26$12K
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 614
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 FY24End FY24
Cash and savingsLn 1–2$315K$353K
InvestmentsLn 11–13$3.0M$3.8M
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$3.5M$4.3M
LiabilitiesLn 26$7K$12K
Net assetsLn 32$3.5M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$159K$46K$113K
Payroll taxesLn 10$9K$2K$8K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$7K$4K$3K
Advertising and promotionLn 12$51K$51K
Office expensesLn 13$11K$11K
Information technologyLn 14$3K$636$3K
Conferences, conventions and meetingsLn 19$11K$11K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$17K$8K$10K
Total functional expensesLn 25$292K$0$94K$198K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$292K$732K$4.3M 990 PDF
FY2023 $754K$318K$436K$3.5M 990 PDF
FY2022 $704K$201K$503K$2.8M 990 PDF
FY2021 $847K$180K$667K$2.6M 990 PDF
FY2020 $372K$148K$224K$1.7M 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 FY2024 990 (6 parts)
Part I · Summary $1,023,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $663,204$821,793
I-9 Program service revenue$0
I-10 Investment incomePrior year $91,160$202,034
I-11 Other revenue$0
I-12 Total revenuePrior year $754,364$1,023,827
I-13 Grants and similar amounts paidPrior year $51,177$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $165,323$168,484
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $101,710$123,483
I-18 Total expensesPrior year $318,210$291,967
I-19 Revenue less expensesPrior year $436,154$731,860
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,023,827 across 5 lines filed
VIII-1f All other contributions, gifts and grants$821,793
VIII-1h Total contributions, gifts and grants$821,793
VIII-3 Investment incomeExcluded from tax $86,985$86,985
VIII-7 Net gain or loss on sales of assetsExcluded from tax $115,049$115,049
VIII-12 Total revenueExcluded from tax $202,034$1,023,827
Part IX · Statement of functional expenses $291,967 across 11 lines filed
IX-7 Other salaries and wagesManagement $45,615 · Fundraising $113,422$159,037
IX-10 Payroll taxesManagement $1,889 · Fundraising $7,558$9,447
IX-11b Legal feesManagement $6,193$6,193
IX-11c Accounting feesManagement $15,475$15,475
IX-11g Other fees for servicesManagement $4,048 · Fundraising $2,856$6,904
IX-12 Advertising and promotionFundraising $51,196$51,196
IX-13 Office expensesManagement $10,957$10,957
IX-14 Information technologyManagement $636 · Fundraising $2,543$3,179
IX-19 Conferences, conventions and meetingsFundraising $10,659$10,659
IX-23 InsuranceManagement $1,503$1,503
IX-24 Other expenses (24a–d)Management $7,889 · Fundraising $9,528$17,417
IX-25 Total functional expensesPrograms $0 · Management $94,205 · Fundraising $197,762$291,967
Part X · Balance sheet $4,312,019 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $255,604$280,991
X-2 Savings and temporary cash investmentsStart of year $59,102$72,405
X-3 Pledges and grants receivableStart of year $156,950$161,700
X-10c Land, buildings and equipment, netStart of year $2,162$1,487
X-13 Program-related investmentsStart of year $3,015,374$3,795,436
X-16 Total assetsStart of year $3,489,192$4,312,019
X-17 Accounts payable and accrued expensesStart of year $7,189$12,335
X-26 Total liabilitiesStart of year $7,189$12,335
X-27 Net assets without donor restrictionsStart of year $2,192,165$3,452,841
X-28 Net assets with donor restrictionsStart of year $1,289,838$846,843
X-32 Total net assets or fund balancesStart of year $3,482,003$4,299,684
X-33 Total liabilities and net assetsStart of year $3,489,192$4,312,019
Part XI · Reconciliation of net assets $4,299,684 net assets at year end
XI-1 Total revenue$1,023,827
XI-2 Total expenses$291,967
XI-3 Revenue less expenses$731,860
XI-4 Net assets at start of year$3,482,003
XI-5 Net unrealized gains (losses) on investments$86,496
XI-9 Other changes in net assets−$675
XI-10 Net assets at end of year$4,299,684

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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