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Nonprofiteer
← BANGOR YMCA FOUNDATION

Form 990 for tax year 2024

Filed by BANGOR YMCA FOUNDATION.

Totals

Total revenue
$219,473
Total expenses
$151,170
Contributions and grants received
$21,670
Grants paid
$140,641
Program service revenue
$0
Investment income
$197,803
Other revenue
$0
Total assets, end of year
$2,286,622
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,286,622
Program services expenses (Part IX)
$140,641
Management and general expenses
$10,529
Fundraising expenses
$0
Program service expenses (Part III)
$140,641

Program services were 93.0% 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

    $21,670

  • 1g · Noncash contributions included above

    $420

  • 3 · Investment income

    total $35,374 · excluded $35,374

  • 7a · Gross sales of assets other than inventory

    securities $368,513 · other assets $23,630

  • 7b · Less cost or other basis and sales expenses

    securities $229,714

  • 7c · Gain or loss

    securities $138,799 · other assets $23,630

  • 7d · Net gain or loss

    total $162,429 · excluded $162,429

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,641 · program services $140,641

  • 11b · Fees: legal

    total $120 · management and general $120

  • 11c · Fees: accounting

    total $3,401 · management and general $3,401

  • 11f · Fees: investment management

    total $6,631 · management and general $6,631

  • 13 · Office expenses

    total $40 · management and general $40

  • 19 · Conferences, conventions and meetings

    total $337 · management and general $337

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $17,854 · end of year $2,580

  • 11 · Investments: publicly traded securities

    beginning of year $1,969,233 · end of year $2,268,799

  • 15 · Other assets

    end of year $15,243

  • 25 · Other liabilities

    beginning of year $16,298

  • 27 · Net assets without donor restrictions

    beginning of year $1,844,464 · end of year $2,132,177

  • 28 · Net assets with donor restrictions

    beginning of year $126,325 · end of year $154,445

Mission and programs · 2024

Mission

TO PROVIDE STABLE AND PERMANENT SUPPORT FOR THE CAPITAL NEEDS OF THE BANGOR Y, ENSURING IT REMAINS A VITAL PART OF OUR COMMUNITY FOREVER, AND CONTINUES TO SERVE THE NEEDS OF OUR CHILDREN, TEENS, FAMILIES, AND SENIORS OF THE REGION.

  • ASSISTED BANGOR Y IN CARRYING OUT ITS CHARITABLE, SOCIAL AND BENEVOLENT PURPOSES.

    Expenses $140,641 · Grants $140,641

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane Dickerson

    SECRETARY

    Total calculated
    $257,003
    From this org
    $0
    From related orgs
    $229,397
    Other
    $27,606
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $229,397 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $19,514 related
    Nontaxable benefits
    not reported + $8,092 related
    Filer's total
    not reported + $257,003 related
  • Neil MacKay

    SECRETARY

    Total calculated
    $171,475
    From this org
    $0
    From related orgs
    $153,149
    Other
    $18,326
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $153,149 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $12,272 related
    Nontaxable benefits
    not reported + $6,054 related
    Filer's total
    not reported + $171,475 related
  • Sally Arata

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1
  • Rich Armstrong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bill Demaso

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25
  • Douglas Farnham

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5
  • Tammy Higgins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25
  • William Lucy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25
  • Paul Means

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paul Newman

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • Bruce Nickerson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25
  • Tyler Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25
  • Hans Peterson

    CLERK

    Total calculated
    $0
    Hours/week
    0.25

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202513219349316206

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