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← PENOBSCOT FOUNDATION FOR DEVELOPMENTAL SERVICES

Form 990 for tax year 2023

Filed by PENOBSCOT FOUNDATION FOR DEVELOPMENTAL SERVICES.

Totals

Total revenue
$595,662
Total expenses
$343,908
Contributions and grants received
$0
Grants paid
$66,092
Program service revenue
$286,265
Investment income
$308,751
Other revenue
$646
Total assets, end of year
$8,607,925
Total liabilities, end of year
$1,091,602
Net assets or fund balances, end of year
$7,516,323
Program services expenses (Part IX)
$301,682
Management and general expenses
$42,226
Fundraising expenses
$0
Program service expenses (Part III)
$301,682

Program services were 87.7% 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.

  • 2a · Program service revenue: Lease of Real Estate

    total $247,152 · related or exempt $247,152

  • 2b · Program service revenue: Lease of Vehicles

    total $39,113 · related or exempt $39,113

  • 3 · Investment income

    total $138,381 · excluded $138,381

  • 7a · Gross sales of assets other than inventory

    securities $934,434

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

    securities $764,064

  • 7c · Gain or loss

    securities $170,370

  • 7d · Net gain or loss

    total $170,370 · excluded $170,370

  • 11a · Other revenue: Miscellaneous

    total $646 · excluded $646

  • 11e · Other revenue, total

    $646

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,092 · program services $66,092

  • 11b · Fees: legal

    total $120 · management and general $120

  • 11c · Fees: accounting

    total $19,502 · program services $6,960 · management and general $12,542

  • 11f · Fees: investment management

    total $25,482 · management and general $25,482

  • 11g · Fees: other

    total $48,000 · program services $48,000

  • 20 · Interest

    total $39,812 · program services $39,812

  • 22 · Depreciation, depletion and amortization

    total $104,423 · program services $104,423

  • 23 · Insurance

    total $4,896 · program services $1,142 · management and general $3,754

  • 24a · Other expenses: Repairs & Maintenance

    total $27,058 · program services $27,058

  • 24b · Other expenses: Other Expenses

    total $8,195 · program services $8,195

  • 24c · Other expenses: Foreign & Trust Taxes

    total $328 · management and general $328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $539,506 · end of year $503,198

  • 10a · Land, buildings and equipment: cost or other basis

    $4,820,183

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,033,426

  • 10c · Land, buildings and equipment, net

    beginning of year $2,891,180 · end of year $2,786,757

  • 11 · Investments: publicly traded securities

    beginning of year $4,698,486 · end of year $5,317,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,924 · end of year $11,300

  • 23 · Secured mortgages and notes payable

    beginning of year $1,121,867 · end of year $1,080,302

  • 27 · Net assets without donor restrictions

    beginning of year $6,692,293 · end of year $7,193,068

  • 28 · Net assets with donor restrictions

    beginning of year $309,088 · end of year $323,255

Mission and programs · 2023

Mission

The Organizations mission is to support programs which provide assistance to citizens of Maine with developmental disabilities.

  • To support programs that provide assistance to citizens of Maine with developmental disabilities.

    Expenses $301,682 · Revenue $286,265

As filed on the 2023 return.

Listed in Part VII

  • Adam Mulia

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Wayne Walker

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Earl Black

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Rachel E Thompson

    Chairperson

    Total calculated
    $0
    Hours/week
    0.25

  • Fred A Brown

    Director

    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.

Grants on this return

  • Maine Discovery Museum

    $20,000

    My Day to Play Programming

  • Robbie Foundation

    $15,000

    Adaptive Equip Assistive Tech Therapy

  • Pine Tree Society

    $10,000

    Tuition Support

  • Amicus

    $8,092

    Onsite AEDPVIRLE Direct Care

  • Penobscot Theater

    $8,000

    Hearing Loop System

  • Autism Society of Maine

    $5,000

    Keynote Speaker

Provenance

Return type
form_990
Tax year
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202402899349301840

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