North Haven Foundation FY2022 filing

Tax-deductible

Rockland, ME501(c)(3)EIN 01-6022839

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The mission of the Foundation is to assist graduates of the North Haven community school and adult residents of the island in their pursuit of a post secondary education, and to support the North Haven community school in support of its extra curricular and tuition programs and college counseling.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
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
5 of 5
filings with a surplus
Average surplus $347K a year · 59% 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$621K
+16% vs prior year
Spent
$231K
To programs
80%
Net assets
$4.9M
By yearFY2021–FY2025
Revenue
$621K
FY2022▲ +16%
Revenue by fiscal year
FY2021$537K
FY2022$621K
FY2023$559K
FY2024$422K
FY2025$798K
Expenses
$231K
FY2022▲ +66%
Expenses by fiscal year
FY2021$139K
FY2022$231K
FY2023$253K
FY2024$315K
FY2025$266K
Net assets
$4.9M
FY2022▼ -12%
Net assets by fiscal year
FY2021$5.5M
FY2022$4.9M
FY2023$5.3M
FY2024$5.8M
FY2025$6.5M

From the FY2022 Form 990 (year ending June 2022) · see the original

You’re viewing the FY2022 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 Feb 1967.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $185K Management & general 20% · $45K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$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
See North Haven Foundation 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

Helps North Haven graduates and island residents pursue higher education and supports the community school's programs.

Provided by the organization

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3 program services account for $185K of program spending, described in the organization's own filed words · FY2021.
01

To provide financial assistance to families of graduates of the north haven community school and others with substantial connections to the town of north haven. During the year ending june 30, 2022 families of eight students from north haven were assisted with college expenses in the amount of 133,009.

$133Kprogram expense
02

To assist north haven community school with programs, including college planning for high school seniors, summer school, acamdemic tutoring and other educational programs.

$34Kprogram expense
03

To assist families in need with tuition for north haven arts and enrichment laugh and learn preschool and toddler programs

$18Kprogram expense

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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$15K
Grants paid · 15 grants · $963K · 2020–2024
Unitemized GrantFY2024$145,325
North Haven Community SchoolFY2024$40,000
Waterman Community CenterFY2024$22,018
Unitemized GrantFY2023$173,849
Waterman Community CenterFY2023$51,100
North Haven Community SchoolFY2023$29,000
Unitemized GrantFY2022$164,186
North Haven Community SchoolFY2022$37,000
Waterman Community CenterFY2022$20,000
Unitemized GrantFY2021$133,009
North Haven Community SchoolFY2021$34,000
North Haven Arts and EnrichmentFY2021$18,325
Unitemized GrantFY2020$57,046
North Haven Community SchoolFY2020$29,439
North Haven Arts and EnrichmentFY2020$8,225

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$621K
Ln 12
Investment incomeLn 3$428K
Gifts and grantsLn 1h$194K
Money outPt IX
$231K
Ln 25
Programscol B$185K
Managementcol C$45K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$271K
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$194K
Noncash giftsLn 1g$3K
Investment incomeLn 3$428K
Gains on assetsLn 7$269K
Total revenueLn 12$621K
Assets in detailPt X, end of year
CashLn 1−$2
SavingsLn 2$271K
Cash and savings togetherLn 1–2$271K
InvestmentsLn 11–13$4.6M
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$307K$271K
InvestmentsLn 11–13$5.2M$4.6M
Total assetsLn 16$5.5M$4.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.5M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$52K$52K
Grants to domestic individualsLn 2$133K$133K
Management feesLn 11a$2K$2K
Legal feesLn 11b$1K$1K
Other fees for servicesLn 11g$40K$40K
Office expensesLn 13$311$311
InsuranceLn 23$698$698
Other expenses (24a–d)Ln 24$457$457
Total functional expensesLn 25$231K$185K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $798K$266K$532K$6.5M 990 PDF
FY2024 $422K$315K$107K$5.8M 990 PDF
FY2023 $559K$253K$306K$5.3M 990 PDF
FY2022 Viewing $621K$231K$391K$4.9M 990 PDF
FY2021 $537K$139K$398K$5.5M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $621,495 across 6 lines filed
VIII-1f All other contributions, gifts and grants$193,987
VIII-1g Noncash contributions (included above)$2,725
VIII-1h Total contributions, gifts and grants$193,987
VIII-3 Investment incomeRelated to mission $50 · Excluded from tax $158,158$158,208
VIII-7 Net gain or loss on sales of assetsRelated to mission $269,300$269,300
VIII-12 Total revenueRelated to mission $269,350 · Excluded from tax $158,158$621,495
Part IX · Statement of functional expenses $230,658 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $52,325$52,325
IX-2 Grants to domestic individualsPrograms $133,009$133,009
IX-11a Management feesManagement $2,500$2,500
IX-11b Legal feesManagement $1,035$1,035
IX-11g Other fees for servicesManagement $40,323$40,323
IX-13 Office expensesManagement $311$311
IX-23 InsuranceManagement $698$698
IX-24 Other expenses (24a–d)Management $457$457
IX-25 Total functional expensesPrograms $185,334 · Management $45,324 · Fundraising $0$230,658
Part X · Balance sheet $4,860,567 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$1−$2
X-2 Savings and temporary cash investmentsStart of year $307,111$270,926
X-11 Publicly traded securitiesStart of year $5,197,634$4,589,643
X-16 Total assetsStart of year $5,504,744$4,860,567
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $5,504,744$4,860,567
X-32 Total net assets or fund balancesStart of year $5,504,744$4,860,567
X-33 Total liabilities and net assetsStart of year $5,504,744$4,860,567
Part XI · Reconciliation of net assets $4,860,567 net assets at year end
XI-1 Total revenue$621,495
XI-2 Total expenses$230,658
XI-3 Revenue less expenses$390,837
XI-4 Net assets at start of year$5,504,744
XI-5 Net unrealized gains (losses) on investments−$1,035,014
XI-10 Net assets at end of year$4,860,567

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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