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Chip INC FY2024 filing

Tax-deductible

Newcastle, ME501(c)(3)Since 1984 EIN 22-2632040Revenue $404K in FY2024

On file with the IRSchipinc.orgPo Box 6, 04553-0006 · Newcastle, METax-exempt since Mar 1986Publicly supported charity — 170(b)(1)(A)(vi)

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To ensure that the homes of persons and families with limited resources are safe, warm and dry and to engage the community in meeting those needs with respect and compassion. Programs include

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$39K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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 6
filings with a surplus
Average surplus $29K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Plus $332K in investments, Pt X · Ln 11–13
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $33K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$267
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$404K
+4% vs prior year
Spent
$332K
To programs
96%
Net assets
$571K
By yearFY2020–FY2025
Revenue
$404K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$220K
FY2021$307K
FY2022$285K
FY2023$387K
FY2024$404K
FY2025$387K
Expenses
$332K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$176K
FY2021$287K
FY2022$396K
FY2023$257K
FY2024$332K
FY2025$367K
Net assets
$571K
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$461K
FY2021$480K
FY2022$370K
FY2023$500K
FY2024$571K
FY2025$592K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Mar 1986.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $318K Management & general 3% · $11K Fundraising 1% · $4K

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

17 people listed on the 990; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation
Brittany Gill
Coordinator
$39,390Pt VII · Sec A
Richard Marchi
Vice President
$0Pt VII · Sec A
Jennifer Pendl
Financial Secy
$0Pt VII · Sec A
Linda Schaffer
Recording Secy
$0Pt VII · Sec A
Julie Tenan
Correspond Sec
$0Pt VII · Sec A
Kay Whitner
Treasurer
$0Pt VII · Sec A
Jake Abbot
Director
$0Pt VII · Sec A
Randy Domina
Director
$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.

See Chip INC 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

Helps low-income neighbors keep homes safe, warm, and dry.

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Provided by the organization

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1 program · $318K · in their own filed words · FY2024
01

Housing and basic shelter needs for low income families and

$318Kprogram expense

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
Alliance for Green HeatFY2025$25K
T Rowe Price Program for Charitable Giving INCFY2025$8K
William F Ray FoundationFY2025$250
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

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$404K
Ln 12
Gifts and grantsLn 1h$337K
Investment incomeLn 3$51K
Other incomeLn 4–11$16K
Money outPt IX
$332K
Ln 25
Programscol B$318K
Managementcol C$11K
Fundraisingcol D$4K
Owns and owesPt X
$571K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$571K
LiabilitiesLn 26$267
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$337K
Noncash giftsLn 1g$760
Investment incomeLn 3$51K
Other incomeLn 4–11$16K
Gains on assetsLn 7$7K
Total revenueLn 12$404K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$225K
Cash and savings togetherLn 1–2$239K
InvestmentsLn 11–13$332K
Total assetsLn 16$571K
LiabilitiesLn 26$267
Net assetsLn 32$571K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$165K$239K
InvestmentsLn 11–13$336K$332K
Total assetsLn 16$500K$571K
LiabilitiesLn 26$0$267
Net assetsLn 32$500K$571K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$269K$269K
Pay of current officers, directors and key staffLn 5$39K$39K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$3K$297$686$2K
InsuranceLn 23$5K$676$5K
Other expenses (24a–d)Ln 24$6K$4K$1K$2K
Total functional expensesLn 25$332K$318K$11K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $387K$367K$21K$592K 990 PDF
FY2024 Viewing $404K$332K$71K$571K 990 PDF
FY2023 $387K$257K$131K$500K 990 PDF
FY2022 $285K$396K−$111K$370K 990 PDF
FY2021 $307K$287K$20K$480K 990 PDF
FY2020 $220K$176K$44K$461K 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 FY2024 990 (6 parts)
Part I · Summary $403,570 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $315,674$336,808
I-9 Program service revenuePrior year $71,619$0
I-10 Investment income$50,779
I-11 Other revenue$15,983
I-12 Total revenuePrior year $387,293$403,570
I-13 Grants and similar amounts paidPrior year $207,170$269,306
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $32,411$43,975
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,200$19,178
I-18 Total expensesPrior year $256,781$332,459
I-19 Revenue less expensesPrior year $130,512$71,111
Part VI · Governance 18 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $403,570 across 8 lines filed
VIII-1f All other contributions, gifts and grants$336,808
VIII-1g Noncash contributions (included above)$760
VIII-1h Total contributions, gifts and grants$336,808
VIII-3 Investment incomeExcluded from tax $43,864$43,864
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,915$6,915
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $15,983$15,983
VIII-12 Total revenueExcluded from tax $66,762$403,570
Part IX · Statement of functional expenses $332,459 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $269,306$269,306
IX-5 Pay of current officers, directors and key staffPrograms $39,390$39,390
IX-10 Payroll taxesPrograms $4,585$4,585
IX-11c Accounting feesManagement $4,320$4,320
IX-13 Office expensesPrograms $297 · Management $686 · Fundraising $2,126$3,109
IX-23 InsurancePrograms $676 · Management $4,626$5,302
IX-24 Other expenses (24a–d)Programs $3,568 · Management $1,040 · Fundraising $1,839$6,447
IX-25 Total functional expensesPrograms $317,822 · Management $10,672 · Fundraising $3,965$332,459
Part X · Balance sheet $571,406 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $148,106$14,746
X-2 Savings and temporary cash investmentsStart of year $16,396$224,588
X-11 Publicly traded securitiesStart of year $68,382$64,569
X-12 Other securitiesStart of year $267,144$267,503
X-16 Total assetsStart of year $500,028$571,406
X-17 Accounts payable and accrued expenses$267
X-26 Total liabilitiesStart of year $0$267
X-32 Total net assets or fund balancesStart of year $500,028$571,139
X-33 Total liabilities and net assetsStart of year $500,028$571,406
Part XI · Reconciliation of net assets $571,139 net assets at year end
XI-1 Total revenue$403,570
XI-2 Total expenses$332,459
XI-3 Revenue less expenses$71,111
XI-4 Net assets at start of year$500,028
XI-10 Net assets at end of year$571,139

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

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