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Filing year 2024

LIBRA FOUNDATION

Portland, Maine·EIN 04-6626994·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

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

Total revenue
-$1.5M
Total assets
$161.6M
Total expenses
$8.2M
Reported officers
7

Executive compensation

Form 990-PF · Part VIII · 5 reported individuals · Filing year 2024

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

Chairman/ceo
Unclassified
$423k
$457k
President/coo/cfo
Board President
Above 90th percentile
$413k
$446k
Executive Vice President
75th to 90th percentile
$308k
$332k
Executive Vice President
75th to 90th percentile
$308k
$332k
Trustee
Board Member
Above 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers in Maine
$101k
$109k

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 2 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 LIBRA FOUNDATION equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
5%
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.

Grants paid

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

Total granted

$5.2M

Itemized grants

67

Median grant

$5k

RecipientLocationPurposeAmount
PINELAND FARMS INCNEW GLOUCESTER, MEDEVELOP, OPERATE AND STAFF PINELAND FARMS, INC. FOR AGRICULTURAL PROMOTION, EDUCATION AND RESEARCH IN MAINE$4.4M
FOXCROFT ACADEMYDOVERFOXCROFT, MEPISCATAQUIS COUNTY ICE ARENA OPERATING EXPENSES$159k
CROSS INSURANCE ARENAPORTLAND, MECOMMUNITY USE OF CIVIC CENTER EVENTS$75k
MAINEHEALTHPORTLAND, MERAISING READERS PROGRAM$58k
FORT KENT OUTDOOR CENTERFORT KENT, MEGENERAL OPERATING SUPPORT$50k
PRESQUE ISLE COMMUNITY RECREATION ASSOCIATION INCPRESQUE ISLE, MEGENERAL OPERATING SUPPORT$50k
FARNSWORTH ART MUSEUMROCKLAND, MEGENERAL OPERATING SUPPORT$20k
PORTLAND MUSEUM OF ARTPORTLAND, MEGENERAL OPERATING SUPPORT$20k
PORTLAND STAGE COMPANYPORTLAND, MEGENERAL OPERATING SUPPORT$20k
PORTLAND SYMPHONY ORCHESTRAPORTLAND, MEGENERAL OPERATING SUPPORT$20k
BEST BUDDIES IN MAINECUMBERLAND, MESCHOOL FRIENDSHIP PROGRAM$10k
GOOD SHEPHERD FOOD BANK OF MAINEAUBURN, MEGENERAL OPERATING SUPPORT$10k
ISLAND INSTITUTEROCKLAND, MEGENERAL OPERATING SUPPORT$10k
MAINE HISTORICAL SOCIETYPORTLAND, MEGENERAL OPERATING SUPPORT$10k
MAINE MARITIME MUSEUMBATH, MEGENERAL OPERATING SUPPORT$10k
MAINE PUBLICLEWISTON, MEGENERAL OPERATING SUPPORT$10k
PEREGRINE CORPORATION DBA STRIVESOUTH PORTLAND, MEGENERAL OPERATING SUPPORT$10k
PROSPERITYMEPORTLAND, MEFINANCIAL LITERACY FOR IMMIGRANTS AND REFUGEES$10k
SALVATION ARMY - NORTHERN NEW ENGLAND DIVISIONPORTLAND, MEGENERAL OPERATING SUPPORT$10k
ALZHEIMER'S ASSOCIATION - MAINE CHAPTERSCARBOROUGH, MEGENERAL OPERATING SUPPORT$5k
AMERICAN RED CROSS OF MAINEPORTLAND, MEGENERAL OPERATING SUPPORT$5k
AUTISM SOCIETY OF MAINEWINTHROP, MEGENERAL OPERATING SUPPORT$5k
BANGOR SYMPHONY ORCHESTRABANGOR, MEGENERAL OPERATING SUPPORT$5k
BAY CHAMBER CONCERTSCAMDEN, MEGENERAL OPERATING SUPPORT$5k
BIGELOW LABORATORY FOR OCEAN SCIENCESEAST BOOTHBAY, MEGENERAL OPERATING SUPPORT$5k
Compare this foundation's grantees

Held steady
from 2023

From $420k in 2023 to $423k in 2024.

$420k
2023
$423k
2024
In today's dollarsEst.
Down 3% in real terms$469k to $457k

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 1% from 2023 to 2024.

$410k in 2023 to $413k in 2024.
  • Executive Vice President pay rose 6% from 2023 to 2024.
  • Board Member pay rose 1% from 2023 to 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 ($150M - $1B), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Comparable philanthropy, voluntarism & grantmaking organizations in Maine pay their highest-earning executive 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 LIBRA FOUNDATION

What does the Board President of LIBRA FOUNDATION earn?

In 2024, the Board President of LIBRA FOUNDATION received $413,284 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 LIBRA FOUNDATION compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Board President at LIBRA FOUNDATION falls in the top 10%. In 2024, the highest total compensation at LIBRA FOUNDATION equaled 5% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

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This is a private foundation. Peers are foundations of similar asset size ($150M - $1B), because foundation pay scales with assets under management, not revenue.