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Filing year 2024

Machias Savings Bank Community Development Foundation

Machias, Maine·EIN 01-0514175·NTEE T20Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$750k
Total assets
$3.9M
Total expenses
$213k
Reported officers
12

Reported officers (all unpaid)

No paid executives reported in 2024. Machias Savings Bank Community Development Foundation reported 12 unpaid officers and board members on its 990-PF.

Director
Director/president
Director
Director
Director
Director
Director
Director
Director
Vice President
Treasurer
Secretary

Grants paid

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

Total granted

$203k

Itemized grants

27

Median grant

$5k

RecipientLocationPurposeAmount
Maine Lobstermen's Community AllianceKennebunk, MEProgram Support Grant$50k
Husson UniversityBangor, MEProgram Support Grant$25k
FocusMaineAugusta, MEProgram Support Grant$15k
The College of the AtlanticBar Harbor, MEProgram Support Grant$13k
Avesta Housing Development CorporationPortland, MEProgram Support Grant$8k
Portland OvationsPortland, MEProgram Support Grant$8k
Town of DanforthDanforth, MEProgram Support Grant$6k
Big Brothers Big Sisters of Mid-MaineCamden, MEProgram Support Grant$5k
Eastern Area Agency on AgingBrewer, MEProgram Support Grant$5k
Greater Portland Immigrant Welcome CenterPortland, MEProgram Support Grant$5k
Immigrant Legal Advocacy ProjectPortland, MEProgram Support Grant$5k
Information Technology Exchange Give IT Get ITWaterville, MEProgram Support Grant$5k
MaineHealthPortland, MEProgram Support Grant$5k
Mainestream FinanceBangor, MEProgram Support Grant$5k
Northern Light Maine Coast HospitalEllsworth, MEProgram Support Grant$5k
Preble StreetPortland, MEProgram Support Grant$5k
Rural AspirationsSwanville, MEProgram Support Grant$5k
The Northern Lighthouse IncPresque Isle, MEProgram Support Grant$5k
The Opportunity AllianceSouth Portland, MEProgram Support Grant$5k
Penquis CAP IncBangor, MEProgram Support Grant$4k
Alfond Youth & Community CenterWaterville, MEProgram Support Grant$3k
Katahdin Children and FamiliesPatten, MEProgram Support Grant$3k
Maine Academy of Modern MusicPortland, MEProgram Support Grant$3k
Mid Coast Health Net (dba The Knox Clinic)Rockland, MEProgram Support Grant$3k
ProsperityMEPortland, MEProgram Support Grant$3k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Machias Savings Bank Community Development Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$253k
$249k
2023
$750k
$213k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Machias Savings Bank Community Development 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 Machias Savings Bank Community Development Foundation

What are Machias Savings Bank Community Development Foundation's revenue and expenses?

In 2024, Machias Savings Bank Community Development Foundation reported $750k in total revenue and $213k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.