PEAKS ISLAND FUND INC

As filed

Subsection

03

NTEE code

T31

Classification

1000

Street

PO BOX 141

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

• 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.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2025

  Revenue

  $238,994

  Expenses

  $149,246

  Contributions

  $152,385

  Grants paid

  $104,045

• 2023

  Revenue

  $4,775

  Expenses

  $136

  Contributions

  $4,775

  Grants paid

  — not reported

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

• Peaks Island Elementary School

  $14,200

  2025 · To fun an initiative called "Island as Classroom" which will enhance the academic curriculum at the school.

• Peaks Island News

  $10,000

  2025 · To help the News reach an operating level that nears the goal of self-sufficiency.

• Peaks Island Children's Workshop

  $10,000

  2025 · Support for operations as it strives to keep rates reasonable for families on Peaks Island.

• Illustration Institute

  $10,000

  2025 · For free public programming celebrating illustration which will benefit Peaks Island residents.

• Fifth Maine Regiment Museum

  $10,000

  2025 · Development and implementation of a new self-guided tour.

• New England Arab American Organization

  $10,000

  2025 · Support families on Peaks Island who have opened their homes to unaccompanied African youth.

• Creative Portland

  $8,000

  2025 · Supporting the Peaks Island Musician in Residence program.

• Peaks Environmental Action Team

  $7,884

  2025 · Purchase and installation of comprehensive fitness system at Trott Little John Park.

• Peaks Island Tax and Energy Assistance

  $7,411

  2025 · To plan, coordinate and assist in funding professional home energy audits for Peaks Island properties.

Where these grants went next →

Grants received

• MAINE COMMUNITY FOUNDATION INC

  $130,000

  2024 · Community Improvement

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $9,400

  2024 · For grant recipient's exempt purposes

Other IRS files