Civic Intelligence

Boothbay Region Student Aid Fund In

EIN 01-6019359 • 501(c)3 • Boothbay Harbor, ME

Profile

Provide need-based financial assistance to boothbay region high school graduates seeking education beyond the secondary level.

PO Box 293Boothbay Harbor, ME 04538

www.brsaf.org

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

7th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

0.0%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$11,707,166

Up $1,159,778 (+11%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Up

$11,707,166

Up $1,159,778 (+11%) from 2024

Operations
Liabilities / Revenue7th percentileNet Margin82nd percentile

Revenue

Up

$777,981

Up $6 (+0.0%) from 2024

Expenses

Up

$519,846

Up $32,545 (+6.7%) from 2024

Net Income

Down

$258,135

Down $32,539 (-11%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$15M$10M$5.0M$0Assets 2012: $2,942,754Liabilities 2012: $0Net Assets 2012: $2,942,7542012Assets 2013: $3,581,172Liabilities 2013: $0Net Assets 2013: $3,581,1722013Assets 2014: $3,704,503Liabilities 2014: $0Net Assets 2014: $3,704,5032014Assets 2015: $3,780,072Liabilities 2015: $0Net Assets 2015: $3,780,0722015Assets 2016: $3,743,724Liabilities 2016: $32,540Net Assets 2016: $3,711,1842016Assets 2017: $4,711,497Liabilities 2017: $19,500Net Assets 2017: $4,691,9972017Assets 2018: $4,998,284Liabilities 2018: $28,975Net Assets 2018: $4,969,3092018Assets 2019: $5,122,788Liabilities 2019: $0Net Assets 2019: $5,122,7882019Assets 2020: $5,370,496Liabilities 2020: $0Net Assets 2020: $5,370,4962020Assets 2021: $6,874,584Liabilities 2021: $0Net Assets 2021: $6,874,5842021Assets 2022: $8,673,590Liabilities 2022: $0Net Assets 2022: $8,673,5902022Assets 2023: $8,808,088Liabilities 2023: $0Net Assets 2023: $8,808,0882023Assets 2024: $10,547,388Liabilities 2024: $0Net Assets 2024: $10,547,3882024Assets 2025: $11,707,166Liabilities 2025: $0Net Assets 2025: $11,707,1662025

Highlighted filing

2025

Assets$11,707,166
Liabilities$0
Net Assets$11,707,166
Open 2025 Filing

Operations Trend

Revenue Growth34th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $177,122Expenses 2012: $207,364Net Income 2012: -$30,2422012Revenue 2013: $834,167Expenses 2013: $195,749Net Income 2013: $638,4182013Revenue 2014: $366,377Expenses 2014: $243,046Net Income 2014: $123,3312014Revenue 2015: $319,587Expenses 2015: $244,018Net Income 2015: $75,5692015Revenue 2016: $273,386Expenses 2016: $342,274Net Income 2016: -$68,8882016Revenue 2017: $363,849Expenses 2017: $357,455Net Income 2017: $6,3942017Revenue 2018: $540,109Expenses 2018: $422,501Net Income 2018: $117,6082018Revenue 2019: $575,876Expenses 2019: $384,012Net Income 2019: $191,8642019Revenue 2020: $385,621Expenses 2020: $402,747Net Income 2020: -$17,1262020Revenue 2021: $541,646Expenses 2021: $394,933Net Income 2021: $146,7132021Revenue 2022: $2,669,575Expenses 2022: $420,978Net Income 2022: $2,248,5972022Revenue 2023: $525,697Expenses 2023: $440,476Net Income 2023: $85,2212023Revenue 2024: $777,975Expenses 2024: $487,301Net Income 2024: $290,6742024Revenue 2025: $777,981Expenses 2025: $519,846Net Income 2025: $258,1352025

Highlighted filing

2025

Revenue$777,981
Expenses$519,846
Net Income$258,135
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,707,166
Liabilities
$0
Net assets
$11,707,166
Revenue
$777,981
Expenses
$519,846
Net income
$258,135
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$0.78$0.52$0.26
2024Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.78$0.49$0.29
2023Detailed filing. Detailed filing data is available for this year.$8.81$0.00$8.81$0.53$0.44$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.67$0.00$8.67$2.67$0.42$2.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.87$0.00$6.87$0.54$0.39$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.37$0.00$5.37$0.39$0.40$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$0.00$5.12$0.58$0.38$0.19
2018Summary only. Only limited summary data is available for this year.$5.00$0.03$4.97$0.54$0.42$0.12
2017Summary only. Only limited summary data is available for this year.$4.71$0.02$4.69$0.36$0.36$0.01
2016Summary only. Only limited summary data is available for this year.$3.74$0.03$3.71$0.27$0.34$0.07
2015Summary only. Only limited summary data is available for this year.$3.78$0.00$3.78$0.32$0.24$0.08
2014Summary only. Only limited summary data is available for this year.$3.70$0.00$3.70$0.37$0.24$0.12
2013Summary only. Only limited summary data is available for this year.$3.58$0.00$3.58$0.83$0.20$0.64
2012Summary only. Only limited summary data is available for this year.$2.94$0.00$2.94$0.18$0.21$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Nov 18, 2025
Return Version
2024v5.0
Gross Receipts
$777,981
Mission and Program Overview

Mission

Provide need-based financial assistance to boothbay region high school graduates seeking education beyond the secondary level.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,959,496$11,188,070▲ $1,228,574
Cash and Non-Interest-Bearing Accounts$381,903$384,899▲ $2,996
Pledges and Grants Receivable$126,440$50,000▼ $76,440
Savings and Temporary Cash Investments$11,463$11,466▲ $3
Prepaid Expenses and Deferred Charges$1,204$1,204→ $0
Total Assets$10,547,388$11,707,166▲ $1,159,778
Other Assets Total$66,882$71,527▲ $4,645
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,151,836$6,546,500▲ $394,664
Net Assets With Donor Restrictions$4,395,552$5,160,666▲ $765,114
Total Net Assets Fund Balance$10,547,388$11,707,166▲ $1,159,778
Total Liabilities and Net Assets / Fund Balance$10,547,388$11,707,166▲ $1,159,778

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,959,498$300,000▲ $1,128,573-$11,188,071
2023$8,475,170-▲ $1,634,025-$9,959,498
2022$5,904,079$2,485,340▲ $185,751-$8,475,170
2021$6,358,230$113,751▼ $348,158-$5,904,079
2020$5,044,772$67,412▲ $1,451,750-$6,358,230
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Teresa KosterPresident
Bob CorbinDirector
Dave DrapeauDirector
Hildy JohnsonDirector
Leigh SherrillDirector
Louise CowanDirector
Nicci KimballDirector
Sarah BaldwinDirector
Susan CorbinDirector
Trish HarrisonDirector
Angelo DigiulianDirector & E
Kimberley ByrdSecretary
Bill GoldenbergTreasurer
Tracey HallVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$546,368
Program Service Revenue
$0
Investment Income
$231,613
Other Revenue
$0
All Other Contributions
$546,368
Change in Net Assets
$258,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$476,018
Other Expenses$33,699
Salaries, Compensation, and Employee Benefits$10,129
Total Fundraising Expense$5,643
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$476,018--$476,018
Fees for Services Accounting-$18,270-$18,270
Other Salaries and Wages-$9,409-$9,409
Office Expenses-$92$5,643$5,735
Advertising-$2,888-$2,888
Information Technology-$2,655-$2,655
Insurance-$1,795-$1,795
Payroll Taxes-$720-$720
Occupancy-$640-$640
Interest-$378-$378
Other Expenses-$34-$34
Total Functional Expenses$476,018$38,185$5,643$519,846
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Bob corbin susan corbin director director married couple”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the organization's president and treasurer prior to filing. It is made available for review by the remainder of the board at the next scheduled meeting after it is filed. Any comments or suggestions are brought to the attention of the preparer.”

Form 990, Page 6, Part VI, Line 12C

“Annually, each board member must review the policy and sign a disclosure statement as to whether they had any direct or indirect interest in any business transactions with the organization or any direct or indirect interest in any decision making regarding the allocation of grants. The results are reviewed by the conflicts review committee and appropriate action taken, if necessary.”

Form 990, Page 6, Part VI, Line 19

“The organization's form 990 and other documentation are available by request through the organization's website.”

Filing and Contact Details

Filer

Filer Name
Boothbay Region Student Aid Fund in
EIN
01-6019359
Phone
2073504032
Address
PO BOX 293, BOOTHBAY HARBOR, ME 04538

Signing Officer

Name
Bill Goldenberg
Title
Treasurer
Phone
2073504032
Signed
2025-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelo Digiulian
Formed
1964
Legal Domicile
Me
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
14

Preparer

Firm
One River Cpas
Address
46 FIRSTPARK DRIVE, OAKLAND, ME 04963-5362
Preparer
Brett R Jensen CPA
Phone
2078731603
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in beneficial interest in perpetual trust 4,645”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Use accumulated investment earnings to supplement current year's unrestricted contributions in order to fund current year's grants.”

Schedule D, Page 3, Part X

“The student aid fund is exempt from federal income taxes under section 501 (c)(3) of the internal revenue code and has also been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a)(1) of the code. Management believes it has no uncertain tax positions with the internal revenue service that require disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 438 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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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR & E
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0USE ACCUMULATED INVESTMENT EARNINGS TO SUPPLEMENT CURRENT YEAR'S UNRESTRICTED CONTRIBUTIONS IN ORDER TO FUND CURRENT YEAR'S GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE STUDENT AID FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND HAS ALSO BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A)(1) OF THE CODE. MANAGEMENT BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS WITH THE INTERNAL REVENUE SERVICE THAT REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0POST SECONDARY EDUCATION
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SENDS THE GRANT MONEY DIRECTLY TO THE SCHOOL WITH THE INSTRUCTION THAT THE MONEY SHOULD ONLY BE USED TO PAY FOR TUITION, BOOKS AND OTHER ON CAMPUS FEES. IN ADDITION, THE SCHOOL IS INSTRUCTED THAT THE STUDENT SHALL HAVE NO PERSONAL ACCESS TO THE FUNDS. IF THE GRANT IS NOT USED BECAUSE THE STUDENT DOES NOT ENROLL, DROPS OUT OR FOR OTHER VALID REASONS, THE SCHOOL IS INSTRUCTED TO RETURN THE UNUSED GRANT MONEY TO THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOB CORBIN SUSAN CORBIN DIRECTOR DIRECTOR MARRIED COUPLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S PRESIDENT AND TREASURER PRIOR TO FILING. IT IS MADE AVAILABLE FOR REVIEW BY THE REMAINDER OF THE BOARD AT THE NEXT SCHEDULED MEETING AFTER IT IS FILED. ANY COMMENTS OR SUGGESTIONS ARE BROUGHT TO THE ATTENTION OF THE PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, EACH BOARD MEMBER MUST REVIEW THE POLICY AND SIGN A DISCLOSURE STATEMENT AS TO WHETHER THEY HAD ANY DIRECT OR INDIRECT INTEREST IN ANY BUSINESS TRANSACTIONS WITH THE ORGANIZATION OR ANY DIRECT OR INDIRECT INTEREST IN ANY DECISION MAKING REGARDING THE ALLOCATION OF GRANTS. THE RESULTS ARE REVIEWED BY THE CONFLICTS REVIEW COMMITTEE AND APPROPRIATE ACTION TAKEN, IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 AND OTHER DOCUMENTATION ARE AVAILABLE BY REQUEST THROUGH THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 4,645
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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