Form 990 for tax year 2023
Filed by SQUIRREL ISLAND PRESERVATION FOUNDATION.
Totals
- Total revenue
- $138,656
- Total expenses
- $54,276
- Contributions and grants received
- $43,090
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $95,566
- Other revenue
- $0
- Total assets, end of year
- $9,042,086
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $9,042,086
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $53,742
- Fundraising expenses
- $534
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$43,090
-
3 · Investment income
total $275,016 · excluded $275,016
-
7a · Gross sales of assets other than inventory
securities $1,904,833
-
7b · Less cost or other basis and sales expenses
securities $2,084,283
-
7c · Gain or loss
securities -$179,450
-
7d · Net gain or loss
total -$179,450 · excluded -$179,450
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $72 · management and general $72
-
11c · Fees: accounting
total $11,047 · management and general $11,047
-
11f · Fees: investment management
total $40,191 · management and general $40,191
-
13 · Office expenses
total $557 · management and general $23 · fundraising $534
-
23 · Insurance
total $2,409 · management and general $2,409
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $54,022 · end of year $83,026
-
2 · Savings and temporary cash investments
beginning of year $294,049 · end of year $291,484
-
11 · Investments: publicly traded securities
beginning of year $7,139,557 · end of year $8,468,701
-
12 · Investments: other securities
beginning of year $443,731 · end of year $198,875
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $7,931,359 · end of year $9,042,086
Mission and programs · 2023
Mission
To support resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine.
Activities or mission (Part I)
Support resource conservation, education, health, etc. for Squirrel Island, ME.
-
Funds, grants, and allocations paid to Squirrel Island Village Corporation and other non-profit organizations in order to accomplish goals and objectives as outlined in the mission statement.For the period covered by this Form 990, the Foundation elected to preserve its endowments during a period of market uncertainty in an effort to maintain principal with a focus on perpetuity so that it may contribute larger amounts of support in subsequent tax years.
As filed on the 2023 return.
Listed in Part VII
-
Paula Bokesch
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Barbara Howaniec
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Debby Kerr
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff Morton
Trustee (end 6/2023)
- Total calculated
- $0
- Hours/week
- 0.5
-
Arthur Veasey
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
William Thomas
President & Secretary
- Total calculated
- $0
- Hours/week
- 1
-
David Splaine
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
Nina H Garrison
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
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
No itemized grants to organizations 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.
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Squirrel Island Village Corporation
501(c)(3) · Governance · ME
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441349349305304
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