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.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$152,385
-
3 · Investment income
total $4,269 · related or exempt $4,269
-
7a · Gross sales of assets other than inventory
securities $82,340
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $82,340
-
7d · Net gain or loss
total $82,340 · related or exempt $82,340
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $104,045 · program services $104,045
-
5 · Compensation of officers, directors and key employees
total $12,000 · management and general $12,000
-
11a · Fees: management
total $1,467 · program services $1,467
-
11f · Fees: investment management
total $16,003 · management and general $16,003
-
11g · Fees: other
total $6,325 · management and general $6,325
-
12 · Advertising and promotion
total $331 · management and general $331
-
19 · Conferences, conventions and meetings
total $8,730 · management and general $8,730
-
24a · Other expenses: Office Supplies
total $187 · program services $187
-
24b · Other expenses: Postage
total $158 · program services $158
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $99,175 · end of year $165,312
-
11 · Investments: publicly traded securities
beginning of year $1,110,042 · end of year $1,213,940
-
27 · Net assets without donor restrictions
beginning of year $1,209,217 · end of year $1,379,252
Mission and programs · 2025
Mission
The activity of the organization is to provide funding and support for IRC Section 501 (c) (3) organizations operating on Peaks Island, Maine
Activities or mission (Part I)
The Organization provides funding and support for IRC Section 501 (c) (3) Organizations operating on Peaks Island, Maine
-
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
-
Vanessa Sylvester
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Perry Sutherland
Executive Director/Secretary
- Total calculated
- $12,000
- From this org
- $12,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Daniel Goodman
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Rich Amster
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Owen Sanderson
President
- Total calculated
- $0
- Hours/week
- 2
-
Robert Harville
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Rachel Conly
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Bryn Roberts
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Anne Coughlin
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Fred Fahey
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Suzanne Fox
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Doug Lavanture
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Jean Raymond
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Laura Reading
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Cate Stevenson
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
MIchele Winchester
Trustee
- Total calculated
- $0
- Hours/week
- 2
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.
-
$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.
-
$10,000
For free public programming celebrating illustration which will benefit Peaks Island residents.
-
$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.
-
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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