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Filing year 2024

Kennebec Savings Bank Foundation

Augusta, Maine·EIN 22-2624600·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
$3.2M
Total assets
$16.8M
Total expenses
$905k
Reported officers
13

Reported officers (all unpaid)

No paid executives reported in 2024. Kennebec Savings Bank Foundation reported 13 unpaid officers and board members on its 990-PF.

Director
Director
Director
Director
Director
Director
Director
Director
Director
Past Director
President/clerk
Treasurer
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$824k

Itemized grants

99

Median grant

$3k

RecipientLocationPurposeAmount
MaineGeneral HealthWaterville, MEHarold Alfond Center for Cancer Care Campaign$100k
MaineGeneral HealthWaterville, MEHarold Alfond Center for Cancer Care Campaign$70k
United Way of Kennebec ValleyAugusta, MEAnnual Corporate Contribution$51k
Portland Little LeaguePortland, MEPedro Field Improvements Matching Grant$50k
Alfond Youth & Community CenterWaterville, MECamp Tracy Campaign$35k
Kennebec Valley Humane SocietyAugusta, VACapital Campaign Donation$25k
Waterville Historical SocietyWaterville, MECenter for Local History and Culture$25k
Tedford HousingBrunswick, MECapital Campaign$25k
CYC Lake AssociationManchester, MEChallenge Grant Pledge Payment$20k
Capital Area Recreation AssociationAugusta, MEGroomer Campaign$20k
Alfond Youth CenterWaterville, MEUnrestricted Support$20k
Augusta Downtown AllianceAugusta, MEMartha Ballard Committee$15k
National Digital Equity CenterWiscasset, MEKennebec County Project Support$15k
Alfond Youth & Community CenterWaterville, MECatalyst Grant - First Installment$15k
Alfond Youth CenterWaterville, MECamp Tracy Capital Campaign$15k
Foundation for Portland Public SchoolsPortland, MECatalyst Grant - First Installment$15k
Maine Arts AcademyAugusta, MECatalyst Grant - First Installment$15k
PALSWinthrop, MEFacility Improvements Campaign$10k
Friends of the Cobbossee WatershedEast Winthrop, METruck Campaign$10k
Augusta Food BankAugusta, MEUnrestricted Support$10k
Waterville Area Soup KitchenWaterville, MECatalyst Grant - Second Installment$10k
Capital Area Recreation AssociationAugusta, MEUnrestricted Support$10k
Family Veterans CampBelgrade, MEInfrustructure Campaign$10k
Kennebec Valley Community College FoundationFairfield, MEEvent & Campaign Support$10k
Mitchell InstitutePortland, MECatalyst Grant - Second Installment$10k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Kennebec Savings Bank Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$502k
$742k
2023
$3.2M
$905k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Kennebec Savings Bank Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maine earns a median of $12,000.

25th percentile
$4k
Median
$12,000
75th percentile
$38k
90th percentile
$119k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 194 organizations across 194 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maine
FAQ

Common questions about Kennebec Savings Bank Foundation

What are Kennebec Savings Bank Foundation's revenue and expenses?

In 2024, Kennebec Savings Bank Foundation reported $3.2M in total revenue and $905k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.