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Filing year 2024

GALEN COLE FAMILY FOUNDATION

Bangor, Maine·EIN 23-7425774·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$6.1M
Total assets
$34.7M
Total expenses
$1.5M
Reported officers
7

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

President
Board President
Above 90th percentile
$300k
$323k
Museum Direc
Unclassified
$69k
$74k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at GALEN COLE FAMILY FOUNDATION equaled 20% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
20%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 69%
from 2023

From $177k in 2023 to $300k in 2024.

$177k
2023
$300k
2024
In today's dollarsEst.
Up 63% in real terms$198k to $323k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 69% from 2023 to 2024, while revenue rose 342%.

$177k in 2023 to $300k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GALEN COLE FAMILY FOUNDATION

What does the Board President of GALEN COLE FAMILY FOUNDATION earn?

In 2024, the Board President of GALEN COLE FAMILY FOUNDATION received $299,520 in total compensation. This pay is in the top 10% for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board President pay at GALEN COLE FAMILY FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Board President at GALEN COLE FAMILY FOUNDATION falls in the top 10%. In 2024, the highest total compensation at GALEN COLE FAMILY FOUNDATION equaled 20% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are GALEN COLE FAMILY FOUNDATION's revenue and expenses?

In 2024, GALEN COLE FAMILY FOUNDATION reported $6.1M in total revenue and $1.5M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.