Form 990 for tax year 2025

Totals

Total revenue

$238,994

Total expenses

$149,246

Contributions and grants received

$152,385

Grants paid

$104,045

Program service revenue

$0

Investment income

$86,609

Other revenue

$0

Total assets, end of year

$1,379,252

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$1,379,252

Program services expenses (Part IX)

$105,857

Management and general expenses

$43,389

Fundraising expenses

$0

Program service expenses (Part III)

$105,857

Program services were 70.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2025

• The organizations support of the Peaks Island Newspaper lead to the creation of the Newspaper in 2023 with a Grant of 10,000.00 this initial Grant allowed a trial version of the paper to be published. In 2024 and 2025 with continuing support the newspaper is able to expand to a monthly publication which is now mailed to every household on the island

  Grants $10,000

• The Peaks Island Childrens workshop has been nuturing the children of peaks for more than 50 years. The workshop is critical in making the island viable to young families. The organization has supported the workshop with a full grant of $10,000 per year providing critically needed support

  Grants $10,000

• The Fifth Maine Regiment Museum is a vital part of the island and is important for both its history and its community gathering space. The organization has supported the Museum by helping with critical infrastructure to ensure that the museum remains a major attaction for island visitors and residents alike.

  Grants $10,000

• The Activity of the Organization is to provide funding and support for IRC Section 501 (c) (3) organizations operating on Peaks Island Maine. The organization raised $ 152,385 from donations. Consistent with Fiduciary principles, the Organization made available 4% of the fund for grant making purposes. The Organization incurred expenses of $149546 including payment of grants of $104,045. These Grants were made to 13 different island organizations.

  Expenses $105,857 · Grants $74,045 · Revenue $86,609

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

• Peaks Island Elementary School

  $14,200

  To fun an initiative called "Island as Classroom" which will enhance the academic curriculum at the school.

• Peaks Island News

  $10,000

  To help the News reach an operating level that nears the goal of self-sufficiency.

• Peaks Island Children's Workshop

  $10,000

  Support for operations as it strives to keep rates reasonable for families on Peaks Island.

• Illustration Institute

  $10,000

  For free public programming celebrating illustration which will benefit Peaks Island residents.

• Fifth Maine Regiment Museum

  $10,000

  Development and implementation of a new self-guided tour.

• New England Arab American Organization

  $10,000

  Support families on Peaks Island who have opened their homes to unaccompanied African youth.

• Creative Portland

  $8,000

  Supporting the Peaks Island Musician in Residence program.

• Peaks Environmental Action Team

  $7,884

  Purchase and installation of comprehensive fitness system at Trott Little John Park.

• Peaks Island Tax and Energy Assistance

  $7,411

  To plan, coordinate and assist in funding professional home energy audits for Peaks Island properties.

Provenance

Return type

form_990

Tax year

2025

Filed

26 August 2026

IRS schema version

2025v4.2

Source object

202642469349300619

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