Chip INC FY2022 filing

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EIN 22-2632040 Public charity (501(c)(3)) Newcastle, ME
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$285K
FY2022▼ -7%
Expenses
$396K
FY2022▲ +38%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Helps low-income neighbors keep homes safe, warm, and dry. For fiscal year 2022 it reported $285K in revenue, $396K in expenses, and $370K in net assets.Pt I

Founded
1984
Type
Public charity (501(c)(3)) · Nonprofit
Location
Newcastle, ME
Website
www.chipinc.org
Filings
6 on file (2020–2022)
Revenue
$285KFY2022
Expenses
$396K
Net assets
$370K
People
16
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Provided by the organization

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Size
$100K–1M
What they do
Helps low-income neighbors keep homes safe, warm, and dry.
Leadership
Brittany Gill · Coordinator · $24K
Money in and out
$285K revenue, $396K expenses
Bottom line
98% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

3 funders, incl. Alliance for Green Heat

3 distinct foundation funder(s) on file, $33K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

98% to programs

98% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -7% vs prior year

Revenue band $100K–1M, -7% versus the prior filing year (down). See detail →

Where the money goes · FY2022
Total revenue
$285K
Pt VIII · Ln 12
Total expenses
$396K
Pt IX · Ln 25
Net assets
$370K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$111K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program efficiency
98%
of spending reaches programs
Operating runway
11.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-39%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$370K
FY2022▼ -23%
Total liabilities
$0
FY2022
Revenue less expensesPt I · Ln 19−$111K
Total assetsPt X · Ln 16$370K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CChip INC
EINHdr · item D22-2632040
Principal addressHdr · item CNewcastle, ME
WebsiteHdr · item Jwww.chipinc.org
Year of formationHdr · item L1984
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Coordinator
$23,730Pt VII · Sec A
$0Pt VII · Sec A
Director & VP
$0Pt VII · Sec A
Director & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brittany Gill$47,132$39,390$30,103$23,730$19,378$14,206

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 $386K of program spending, described in the organization's own filed words · FY2022.
01

Housing and basic shelter needs for low income families and individuals. During 2022 285 families received heating fuel assistance and 83 families received home weaterization and repair services.

$386Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$267K · 94%
Investment income$18K · 6%
Contributions & grants94%$267K
Investment income6%$18K
Total revenueLn 12$285K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program services98%$386K
Management & general2%$8K
Fundraising$2K
Total functional expensesLn 25$396K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$370K
Total liabilitiesLn 26$0
Total net assetsLn 32$370K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $370K · Operating expenses/yr $396K
11.2 months
Where the money goes
Program services
Program services $386K · Total expenses $396K
98%
Management & General
Management & general $8K · Total expenses $396K
2%
Fundraising
Fundraising $2K · Total expenses $396K
0.4%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $232K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $267K · Total revenue $285K
94%
Government reliance
Government grants — · Total revenue $285K
—
Earned-income share
Program service revenue $0 · Total revenue $285K
0%
Investment reliance
Investment income $18K · Total revenue $285K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $396K
0%
Growth & trend
Revenue growth (YoY)
This year $285K · Prior year $307K
-7%
Net-asset trend (YoY)
End of year $370K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $285K · Expenses $396K
-39%
Liabilities-to-Assets
Total liabilities — · Total assets $370K
—
Net-asset ratio
Net assets $370K · Total assets $370K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $55K · Other securities (Pt X, ln 12) $247K · Total assets (Pt X, ln 16) $370K
82%
People & payroll
Highest Reported Total Compensation
Individual Brittany Gill · Reported title COORDINATOR · Highest reported compensation $24K · Total expenses $396K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $28K · Total expenses $396K
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0.6%——
Revenue growth -7%——
Legal fee ratio 0.1%——

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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$33K
See all 3 funders →
Grants paid · 12 grants · $1.5M · 2020–2025
Unitemized GrantFY2025$150,216
Unitemized GrantFY2025$138,474
Unitemized GrantFY2024$169,485
Unitemized GrantFY2024$92,502
Unitemized GrantFY2023$116,429
Unitemized GrantFY2023$90,741
Unitemized GrantFY2022$215,710
Unitemized GrantFY2022$141,992
Unitemized GrantFY2021$196,401
Unitemized GrantFY2021$57,069
Unitemized GrantFY2020$93,614
Unitemized GrantFY2020$55,835

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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
FY2025 (Latest)$387K revenue · ⤓ 990 PDF
FY2024$404K revenue · ⤓ 990 PDF
FY2023$387K revenue · ⤓ 990 PDF
FY2022$285K revenue · viewing · ⤓ 990 PDF
FY2021$307K revenue · ⤓ 990 PDF
FY2020$220K 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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