Recompense Fund FY2021 filing

Chebeague Is, ME · Public charity (501(c)(3)) · Human Services

✓ Tax-deductible
Revenue
$188K
-79% vs prior year
Spent
$74K
To programs
82%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$188K
FY2021▼ -79%
Revenue by fiscal year
FY2020$908K
FY2021$188K
FY2022$190K
FY2023$275K
FY2024$325K
Expenses
$74K
FY2021▲ +5%
Expenses by fiscal year
FY2020$70K
FY2021$74K
FY2022$80K
FY2023$101K
FY2024$96K
Net assets
$1.1M
FY2021▲ +23%
Net assets by fiscal year
FY2020$921K
FY2021$1.1M
FY2022$1.1M
FY2023$1.3M
FY2024$1.5M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CRecompense Fund
EINHdr · item D84-4249483
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2020
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CChebeague Is, ME
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jrecompensefund.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$60K
Management & general18%$13K
Total functional expensesLn 25$74K

Financial health

Is it on solid ground?

Program efficiency
82%
of spending reaches programs
Operating runway
185.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+61%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.1M
FY2021▲ +23%
Total assets by fiscal year
FY2020$921K
FY2021$1.1M
FY2022$1.1M
FY2023$1.3M
FY2024$1.5M
Total liabilities
$0
FY2021
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$115K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$102K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed16.6

Statement of Revenue

Part VIII
Contributions & grants$135K · 72%
Investment income$53K · 28%
Contributions & grants72%$135K
Investment income28%$53K
Total revenueLn 12$188K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $74K
185.0 months
Where the money goes
Program services
Program services $60K · Total expenses $74K
82%
Management & General
Management & general $13K · Total expenses $74K
18%
Fundraising
Fundraising $0 · Total expenses $74K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $143K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $135K · Total revenue $188K
72%
Government reliance
Government grants — · Total revenue $188K
—
Earned-income share
Program service revenue $0 · Total revenue $188K
0%
Investment reliance
Investment income $53K · Total revenue $188K
+28%
Program self-sufficiency
Program service revenue $0 · Total expenses $74K
0%
Growth & trend
Revenue growth (YoY)
This year $188K · Prior year $908K
-79%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $188K · Expenses $74K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
91%
People & payroll
Highest Reported Total Compensation
Individual Beverly Johnson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $74K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $74K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 18%——
Fundraising cost ratio 0%——
Revenue growth -79%——
Investment management fee ratio 0.6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Recompense Fund executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports charitable and community groups on Chebeague Island, Maine.

Provided by the organization

This section is blank until Recompense Fund claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $30K of program spending, described in the organization's own filed words · FY2021.
01

Grant 501(c)3 chebeague island hall & community center toward installing a sound and audiovisual system

$10Kprogram expense
02

Grant 501(c)3 chebeague community church to assist in the disaffiliation process.

$10Kprogram expense
03

Grant 501(c)3 chebeague island library to support the installation of heat pumps.

$10Kprogram expense

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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 4 funders →
Grants paid · 26 grants · $246K · 2020–2024
Chebeague Island LibraryME · FY2024$12,500
Chebeague Island Rec CenterFY2024$8,327
Chebeague Community ChurchME · FY2024$6,139
Chebeague Kids PlaceFY2024$6,000
Chebeague Island Rec CenterFY2023$21,600
Chebeague Island Hall Community CenterFY2023$8,400
Chebeague Island LibraryME · FY2023$7,000
Chebeague Island Sailing SchoolFY2022$8,000
Chebeague Transportation CompanyFY2022$6,600
See all 26 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $325K$96K+18% 990 PDF
FY2023 $275K$101K+44% 990 PDF
FY2022 $190K$80K+1% 990 PDF
FY2021 Viewing $188K$74K-79% 990 PDF
FY2020 $908K$70K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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