To create a bright economic future for our community by investing in the education of our youth and by harnessing the recreational assets of our region

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 25 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average deficit $14K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Plus $465K in investments, Pt X · Ln 11–13
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $77K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$352K
+131% vs prior year
Spent
$241K
To programs
72%
Net assets
$566K
By yearFY2020–FY2025
Revenue
$352K
FY2025▲ +131%
Tap a bar for its year
Revenue by fiscal year
FY2020$165K
FY2021$221K
FY2022$139K
FY2023$175K
FY2024$152K
FY2025$352K
Expenses
$241K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$168K
FY2022$253K
FY2023$253K
FY2024$235K
FY2025$241K
Net assets
$566K
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$584K
FY2021$707K
FY2022$503K
FY2023$520K
FY2024$483K
FY2025$566K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $174K Management & general 12% · $29K Fundraising 16% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Heidi Godomsky’s $75K as Executive Director is at the 66th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Noah Tanguay-Collins—$90,000$92,692$72,116$13,654
Heidi Godomsky$75,000————
Jim Largess————$64,602
Sara Shifrin———$8,000—

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 The River Fund Maine executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Invests in youth education and regional recreation to build a brighter economic future.

Questions for The River Fund Maine

Tap to ask. The River Fund Maine sees how many people are interested.

Your first name shows with your question. The River Fund Maine answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $174K · in their own filed words · FY2025
01

Provided educational assistance

$174Kprogram 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 · FY2024
See all 5 funders →
Grants paid · 8 grants · $344K · 2020–2025
Unitemized GrantFY2025$81,611
Unitemized GrantFY2024$67,258
Unitemized GrantFY2023$68,655
Unitemized GrantFY2022$45,034
Unitemized GrantFY2021$19,224
Unitemized GrantFY2020$16,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$352K
Ln 12
Gifts and grantsLn 1h$310K
Investment incomeLn 3$42K
Money outPt IX
$241K
Ln 25
Programscol B$174K
Managementcol C$29K
Fundraisingcol D$39K
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$586K
LiabilitiesLn 26$20K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Fundraising eventsLn 1c$138K
Investment incomeLn 3$42K
Gains on assetsLn 7$28K
Total revenueLn 12$352K
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
InvestmentsLn 11–13$465K
Other assetsLn 15$938
Total assetsLn 16$586K
LiabilitiesLn 26$20K
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 51
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$36K$117K
InvestmentsLn 11–13$452K$465K
Total assetsLn 16$487K$586K
LiabilitiesLn 26$4K$20K
Net assetsLn 32$483K$566K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$76K$53K$15K$8K
Payroll taxesLn 10$6K$5K$1K$644
Legal feesLn 11b$250$250
Accounting feesLn 11c$6K$730$5K$104
Investment management feesLn 11f$120$120
Other fees for servicesLn 11g$2K$2K$488$244
Advertising and promotionLn 12$888$621$178$89
Office expensesLn 13$6K$3K$2K$468
Information technologyLn 14$9K$6K$2K$921
TravelLn 17$380$266$76$38
Conferences, conventions and meetingsLn 19$165$165
InterestLn 20$111$111
InsuranceLn 23$2K$274$1K$208
Other expenses (24a–d)Ln 24$129K$103K$220$26K
All other expensesLn 24e$3K$200$3K
Total functional expensesLn 25$241K$174K$29K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $352K$241K$111K$566K 990 PDF
FY2024 $152K$235K−$83K$483K 990 PDF
FY2023 $175K$253K−$78K$520K 990 PDF
FY2022 $139K$253K−$113K$503K 990 PDF
FY2021 $221K$168K$53K$707K 990 PDF
FY2020 $165K$138K$27K$584K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $352,466 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,611$310,383
I-9 Program service revenue$0
I-10 Investment incomePrior year $21,517$42,083
I-11 Other revenuePrior year $26,330$0
I-12 Total revenuePrior year $152,458$352,466
I-13 Grants and similar amounts paidPrior year $108,258$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $86,938$82,059
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $40,001$159,081
I-18 Total expensesPrior year $235,197$241,140
I-19 Revenue less expensesPrior year −$82,739$111,326
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $352,466 across 7 lines filed
VIII-1c Fundraising events$138,106
VIII-1f All other contributions, gifts and grants$172,277
VIII-1h Total contributions, gifts and grants$310,383
VIII-3 Investment incomeRelated to mission $13,895$13,895
VIII-7 Net gain or loss on sales of assetsRelated to mission $28,188$28,188
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $42,083 · Unrelated business $0 · Excluded from tax $0$352,466
Part IX · Statement of functional expenses $241,140 across 15 lines filed
IX-7 Other salaries and wagesPrograms $52,936 · Management $15,125 · Fundraising $7,562$75,623
IX-10 Payroll taxesPrograms $4,505 · Management $1,287 · Fundraising $644$6,436
IX-11b Legal feesManagement $250$250
IX-11c Accounting feesPrograms $730 · Management $5,340 · Fundraising $104$6,174
IX-11f Investment management feesManagement $120$120
IX-11g Other fees for servicesPrograms $1,708 · Management $488 · Fundraising $244$2,440
IX-12 Advertising and promotionPrograms $621 · Management $178 · Fundraising $89$888
IX-13 Office expensesPrograms $3,274 · Management $1,813 · Fundraising $468$5,555
IX-14 Information technologyPrograms $6,448 · Management $1,941 · Fundraising $921$9,310
IX-17 TravelPrograms $266 · Management $76 · Fundraising $38$380
IX-19 Conferences, conventions and meetingsManagement $165$165
IX-20 InterestManagement $111$111
IX-23 InsurancePrograms $274 · Management $1,216 · Fundraising $208$1,698
IX-24 Other expenses (24a–d)Programs $102,747 · Management $220 · Fundraising $26,068$129,035
IX-24e All other expensesManagement $200 · Fundraising $2,755$2,955
IX-25 Total functional expensesPrograms $173,509 · Management $28,530 · Fundraising $39,101$241,140
Part X · Balance sheet $586,020 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $35,859$116,867
X-4 Accounts receivable$2,884
X-11 Publicly traded securitiesStart of year $451,555$465,331
X-15 Other assets$938
X-16 Total assetsStart of year $487,414$586,020
X-17 Accounts payable and accrued expensesStart of year $4,161$19,629
X-26 Total liabilitiesStart of year $4,161$19,629
X-32 Total net assets or fund balancesStart of year $483,253$566,391
X-33 Total liabilities and net assetsStart of year $487,414$586,020
Part XI · Reconciliation of net assets $566,391 net assets at year end
XI-1 Total revenue$352,466
XI-2 Total expenses$241,140
XI-3 Revenue less expenses$111,326
XI-4 Net assets at start of year$483,253
XI-5 Net unrealized gains (losses) on investments−$28,188
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$566,391

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.