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Saddleback Mountain Foundation FY2023 filing

Tax-deductible

Cumb Foreside, ME501(c)(3)Recreation & Sports EIN 82-0691811Revenue $6 in FY2023

On file with the IRSskisaddlebackme.com19 Coveside Rd, 04110-1431 · Cumb Foreside, METax-exempt since Nov 2017Publicly supported — 509(a)(2)

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The mission of Saddleback Community Foundation is 1) Conserving and protecting Saddleback Mountain in Sandy River Plantation, Franklin County, Maine, an otherwise economically depressed area, through model conservation and economic development programs; 2) Relieving and/or protecting against further community deterioration that the Sandy River Plantation and surrounding areas have experienced related to the closure of Saddleback Mountain; 3) Investing, lending, donating, granting, participating in, or otherwise contributing to partnerships, joint ventures, corporations, other business entities, nonprofits, governments, or quasi-governmental organizations to facilitate re-opening, and therafter the continued operation of Saddleback Mountain; and 4) Developing and/or otherwise contributing to ski programs primarily for the advancement of participation in the sport by youth and/or low to moderate income individuals.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 6
filings with a surplus
Average surplus $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
127 mo
of spending, in cash
Looks good: 126.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $600K
Looks good: 5 funders name it on their filings; 3 or more.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6
+100% vs prior year
Spent
$3K
To programs
53%
Net assets
$30K
By yearFY2020–FY2025
Revenue
$6
FY2023▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$31K
FY2022$3
FY2023$6
FY2024$2K
FY2025$7
Expenses
$3K
FY2023▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$10K
FY2022$3K
FY2023$3K
FY2024$3K
FY2025$3K
Net assets
$30K
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$15K
FY2021$36K
FY2022$33K
FY2023$30K
FY2024$28K
FY2025$25K

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 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 Nov 2017.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $1K Management & general 47% · $1K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Wolfe Tone
President
$0Pt VII · Sec A
Carol Millhouse
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Saddleback Mountain 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 15aNo

Programs and updates

Protects Saddleback Mountain and revitalizes its surrounding community through conservation and economic development.

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Provided by the organization

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1 program · $1K · in their own filed words · FY2022
01

The mission of Saddleback Community Foundation is 1) Conserving and protecting Saddleback Mountain in Sandy River Plantation, Franklin County, Maine, an otherwise economically depressed area, through model conservation and economic development programs; 2) Relieving and/or protecting against further community deterioration that the Sandy…

$1Kprogram 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 · FY2020
Maine Community Foundation INCFY2020$400K
Fidelity Investments Charitable Gift FundFY2020$100K
Franklin Savings Bank Community Development FoundationFY2020$50K
Skowhegan Savings Charitable FoundationFY2020$50K
Cigna FoundationFY2020$500
Total grants receivedfrom 5 funders$600K
See all 5 funders →
Grants paid · 1 grant · $2.5M · 2019–2019
Saddleback Community Loan Company LLCFY2019$2,468,694

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$6
Ln 12
Investment incomeLn 3$6
Money outPt IX
$3K
Ln 25
Programscol B$1K
Managementcol C$1K
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$6
Total revenueLn 12$6
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$0
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderSeptember
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 FY23End FY23
Cash and savingsLn 1–2$33K$30K
Total assetsLn 16$33K$30K
LiabilitiesLn 26$0$0
Net assetsLn 32$33K$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$86$86
Accounting feesLn 11c$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$185$185
Total functional expensesLn 25$3K$1K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7$3K−$3K$25K 990 PDF
FY2024 $2K$3K−$1K$28K 990 PDF
FY2023 Viewing $6$3K−$3K$30K 990 PDF
FY2022 $3$3K−$3K$33K 990 PDF
FY2021 $31K$10K$21K$36K 990 PDF
FY2020 $2.5M$2.5M$12K$15K 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 $6 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3$6
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3$6
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,443$2,813
I-18 Total expensesPrior year $3,443$2,813
I-19 Revenue less expensesPrior year −$3,440−$2,807
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $6 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6$6
Part IX · Statement of functional expenses $2,813 across 4 lines filed
IX-11b Legal feesManagement $86$86
IX-11c Accounting feesManagement $1,250$1,250
IX-23 InsurancePrograms $1,292$1,292
IX-24 Other expenses (24a–d)Programs $185$185
IX-25 Total functional expensesPrograms $1,477 · Management $1,336 · Fundraising $0$2,813
Part X · Balance sheet $29,739 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $32,546$29,739
X-16 Total assetsStart of year $32,546$29,739
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $32,546$29,739
X-33 Total liabilities and net assetsStart of year $32,546$29,739
Part XI · Reconciliation of net assets $29,739 net assets at year end
XI-1 Total revenue$6
XI-2 Total expenses$2,813
XI-3 Revenue less expenses−$2,807
XI-4 Net assets at start of year$32,546
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,739

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

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