Civic Intelligence

Andover Educational Fund Inc.

EIN 01-0451997 • 501(c)3 • Andover, ME

Pub. 78 Eligible

Profile

Provide educational scholarships and awards

PO Box 32Andover, ME 04216

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

67th percentile

9.2%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$492,342

Up $79,102 (+19%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$492,342

Up $79,102 (+19%) from 2022

Operations
Liabilities / Revenue61st percentileNet Margin92nd percentile

Revenue

Up

$74,655

Up $16,647 (+29%) from 2022

Expenses

Down

$29,599

Down $3,304 (-10%) from 2022

Net Income

Up

$45,056

Up $19,951 (+79%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $349,725Liabilities 2011: $02011Assets 2012: $316,835Liabilities 2012: $02012Assets 2013: $344,652Liabilities 2013: $02013Assets 2014: $382,460Liabilities 2014: $02014Assets 2015: $366,464Liabilities 2015: $02015Assets 2016: $341,807Liabilities 2016: $02016Assets 2017: $364,628Liabilities 2017: $02017Assets 2018: $373,783Liabilities 2018: $0Net Assets 2018: $373,7832018Assets 2019: $378,839Liabilities 2019: $0Net Assets 2019: $378,8392019Assets 2020: $379,099Liabilities 2020: $0Net Assets 2020: $379,0992020Assets 2021: $442,881Liabilities 2021: $0Net Assets 2021: $442,8812021Assets 2022: $413,240Liabilities 2022: $0Net Assets 2022: $413,2402022Assets 2024: $492,342Liabilities 2024: $0Net Assets 2024: $492,3422024

Highlighted filing

2024

Assets$492,342
Liabilities$0
Net Assets$492,342
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2011: $79,751Expenses 2011: $54,972Net Income 2011: $24,7792011Revenue 2012: $15,880Expenses 2012: $51,770Net Income 2012: -$35,8902012Revenue 2013: $58,567Expenses 2013: $30,750Net Income 2013: $27,8172013Revenue 2014: $65,991Expenses 2014: $28,183Net Income 2014: $37,8082014Revenue 2015: $17,593Expenses 2015: $33,589Net Income 2015: -$15,9962015Revenue 2016: $6,389Expenses 2016: $31,046Net Income 2016: -$24,6572016Revenue 2017: $60,788Expenses 2017: $37,967Net Income 2017: $22,8212017Revenue 2018: $39,378Expenses 2018: $30,223Net Income 2018: $9,1552018Revenue 2019: $30,748Expenses 2019: $25,692Net Income 2019: $5,0562019Revenue 2020: $33,134Expenses 2020: $32,874Net Income 2020: $2602020Revenue 2021: $76,486Expenses 2021: $12,704Net Income 2021: $63,7822021Revenue 2022: $58,008Expenses 2022: $32,903Net Income 2022: $25,1052022Revenue 2024: $74,655Expenses 2024: $29,599Net Income 2024: $45,0562024

Highlighted filing

2024

Revenue$74,655
Expenses$29,599
Net Income$45,056
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$492,342
Liabilities
$0
Net assets
$492,342
Revenue
$74,655
Expenses
$29,599
Net income
$45,056
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.92$0.00$4.92$0.75$0.30$0.45
2022Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$0.58$0.33$0.25
2021Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$0.76$0.13$0.64
2020Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.33$0.33$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.79$0.00$3.79$0.31$0.26$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$0.39$0.30$0.09
2017Summary only. Only limited summary data is available for this year.$3.65$0.00$0.61$0.38$0.23
2016Summary only. Only limited summary data is available for this year.$3.42$0.00$0.06$0.31$0.25
2015Summary only. Only limited summary data is available for this year.$3.66$0.00$0.18$0.34$0.16
2014Summary only. Only limited summary data is available for this year.$3.82$0.00$0.66$0.28$0.38
2013Summary only. Only limited summary data is available for this year.$3.45$0.00$0.59$0.31$0.28
2012Summary only. Only limited summary data is available for this year.$3.17$0.00$0.16$0.52$0.36
2011Summary only. Only limited summary data is available for this year.$3.50$0.00$0.80$0.55$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$74,655
Mission and Program Overview

Mission

Provide educational scholarships and awards

Program Services

DescriptionGrantsExpenses
PROVIDE EDUCATIONAL SCHOLARSHIPS AND AWARDS$24,441$5,158
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARLENE AKERSPresident-$0--
SCOTT OWINGSDirector-$0--
KEITH SMITHTreasurer-$0--
JENNIFER BEANDirector-$0--
JENNIFER MERRILLSecretary-$0--
TRACY RAINEYDirector-$0--
KAREN THURSTONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Andover Educational Fund Inc
EIN
01-0451997
Phone
2073921235
Address
PO BOX 32, ANDOVER, ME 04216

Signing Officer

Name
Darlene Akers
Title
President
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Hoisington & Bean PA
Address
PO Box 353, Norway, ME 04268
Preparer
Lance A Bean CPA
Phone
2077436771
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: SCHOLARSHIPS | Donee's Address: SEE SCHEDULE | Cash Amount Given: $24441”

Other Expenses.1002

“Office Expenses $2734”

Raw XML Appendix153 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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