John Chabot Educational Foundation Trust: FY2023 Nonprofit Profile & Form 990 (EIN 01-6114884)

Revenue by fiscal year
FY2020	$204K
FY2021	$238K
FY2022	−$4K
FY2023	$42K
FY2024	$94K
FY2025	$145K

Expenses by fiscal year
FY2020	$69K
FY2021	$86K
FY2022	$118K
FY2023	$118K
FY2024	$139K
FY2025	$158K

Net assets by fiscal year
FY2020	$2.2M
FY2021	$2.4M
FY2022	$2.3M
FY2023	$2.2M
FY2024	$2.1M
FY2025	$2.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1992.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

20%

Program services 80% · $94K Management & general 20% · $24K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Rodney Cote

Trust Office

$0Pt VII · Sec A

See John Chabot Educational Foundation Trust 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 15aNo

Programs and updates

Offers financial aid to graduates of Livermore Falls High School.

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Provided by the organization

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1 program · $94K · in their own filed words · FY2023

01

Scholarships for students who are graduates of livermore falls high school with a minimum grade point average of 3.0 and attend an undergraduate program at an accredited college or university.

$94Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 22 grants · $529K · 2020–2025

University of Maine OronoFY2025$73,750

University of Maine FarmingtonFY2025$39,250

University of Southern MaineFY2025$17,500

University of Maine OronoFY2024$58,000

University of Maine FarmingtonFY2024$41,750

University of Southern MaineFY2024$13,500

University of Maine OronoFY2023$45,750

University of Maine FarmingtonFY2023$29,000

University of Southern MaineFY2023$15,500

University of Maine FarmingtonFY2022$33,500

University of Maine OronoFY2022$31,500

University of Southern MaineFY2022$18,000

University of Maine AugustaFY2022$10,000

University of Maine OronoFY2021$28,000

University of Maine FarmingtonFY2021$14,000

University of Maine AugustaFY2021$9,000

University of Southern MaineFY2021$6,000

University of Maine OronoFY2020$20,500

See all 22 grants →

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$42K

Ln 12

Investment incomeLn 3$42K

Money outPt IX

$118K

Ln 25

Programscol B$94K

Managementcol C$24K

Owns and owesPt X

$2.2M

net assets · Ln 32

Total assetsLn 16$2.2M

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$42K

Gains on assetsLn 7−$40K

Total revenueLn 12$42K

Assets in detailPt X, end of year

InvestmentsLn 11–13$2.2M

Total assetsLn 16$2.2M

LiabilitiesLn 26$0

Net assetsLn 32$2.2M

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY23	End FY23
InvestmentsLn 11–13	$2.3M	$2.2M
Total assetsLn 16	$2.3M	$2.2M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.3M	$2.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$94K	$94K
Pay of current officers, directors and key staffLn 5	$23K		$23K
Accounting feesLn 11c	$775		$775
Total functional expensesLn 25	$118K	$94K	$24K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$145K	$158K	−$14K	$2.1M	990 PDF
FY2024	$94K	$139K	−$46K	$2.1M	990 PDF
FY2023 Viewing	$42K	$118K	−$76K	$2.2M	990 PDF
FY2022	−$4K	$118K	−$122K	$2.3M	990 PDF
FY2021	$238K	$86K	$152K	$2.4M	990 PDF
FY2020	$204K	$69K	$135K	$2.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $41,712 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment incomePrior year −$3,555$41,712

I-11 Other revenue$0

I-12 Total revenuePrior year −$3,555$41,712

I-13 Grants and similar amounts paidPrior year $93,000$93,750

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $24,337$22,999

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $695$775

I-18 Total expensesPrior year $118,032$117,524

I-19 Revenue less expensesPrior year −$121,587−$75,812

Part VI · Governance 1 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members1

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $41,712 across 3 lines filed

VIII-3 Investment incomeExcluded from tax $81,799$81,799

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$40,087−$40,087

VIII-12 Total revenueExcluded from tax $41,712$41,712

Part IX · Statement of functional expenses $117,524 across 3 lines filed

IX-1 Grants to domestic organizationsPrograms $93,750$93,750

IX-5 Pay of current officers, directors and key staffManagement $22,999$22,999

IX-11c Accounting feesManagement $775$775

IX-25 Total functional expensesPrograms $93,750 · Management $23,774 · Fundraising $0$117,524

Part X · Balance sheet $2,180,365 assets, 5 lines filed

X-11 Publicly traded securitiesStart of year $2,256,177$2,180,365

X-16 Total assetsStart of year $2,256,177$2,180,365

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $2,256,177$2,180,365

X-33 Total liabilities and net assetsStart of year $2,256,177$2,180,365

Part XI · Reconciliation of net assets $2,180,365 net assets at year end

XI-1 Total revenue$41,712

XI-2 Total expenses$117,524

XI-3 Revenue less expenses−$75,812

XI-4 Net assets at start of year$2,256,177

XI-10 Net assets at end of year$2,180,365

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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John Chabot Educational Foundation Trust FY2023 filing

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