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Nonprofiteer
← SQUIRREL ISLAND PRESERVATION FOUNDATION

Form 990 for tax year 2022

Filed by SQUIRREL ISLAND PRESERVATION FOUNDATION.

Totals

Total revenue
$651,008
Total expenses
$374,156
Contributions and grants received
$30,768
Grants paid
$320,000
Program service revenue
$0
Investment income
$620,240
Other revenue
$0
Total assets, end of year
$7,931,359
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,931,359
Program services expenses (Part IX)
$320,000
Management and general expenses
$54,156
Fundraising expenses
$0
Program service expenses (Part III)
$320,000

Program services were 85.5% 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

    $30,768

  • 3 · Investment income

    total $255,562 · excluded $255,562

  • 7a · Gross sales of assets other than inventory

    securities $4,338,803

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

    securities $3,974,125

  • 7c · Gain or loss

    securities $364,678

  • 7d · Net gain or loss

    total $364,678 · excluded $364,678

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $320,000 · program services $320,000

  • 11c · Fees: accounting

    total $10,241 · management and general $10,241

  • 11f · Fees: investment management

    total $41,429 · management and general $41,429

  • 23 · Insurance

    total $2,486 · management and general $2,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,251 · end of year $54,022

  • 2 · Savings and temporary cash investments

    beginning of year $363,194 · end of year $294,049

  • 11 · Investments: publicly traded securities

    beginning of year $8,494,943 · end of year $7,139,557

  • 12 · Investments: other securities

    beginning of year $506,858 · end of year $443,731

  • 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 $9,401,246 · end of year $7,931,359

Mission and programs · 2022

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.

    Expenses $320,000 · Grants $320,000

As filed on the 2022 return.

Listed in Part VII

  • Paula Bokesch

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Randall Hack

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara Howaniec

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Morton

    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

  • Squirrel Island Village Corporation

    $320,000

    Capital projects and general operating support.

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.

  • Squirrel Island Village Corporation

    501(c)(3) · Governance · ME

Provenance

Return type
form_990
Tax year
2022
Filed
30 May 2023
IRS schema version
2022v5.0
Source object
202301529349300005

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