Civic Intelligence

Squirrel Island Preservation Foundation C/O Pierce Atwood LLP

EIN 22-2875544 • 501(c)3 • Portland, ME

Profile

To support resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine

254 Commercial StreetPortland, ME 04101

n/A

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

61st percentile

7.7%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

147%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$9,742,145

Up $700,059 (+7.7%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$9,742,145

Up $700,059 (+7.7%) from 2023

Operations
Liabilities / Revenue10th percentileNet Margin63rd percentile

Revenue

Up

$343,029

Up $204,373 (+147%) from 2023

Expenses

Up

$304,971

Up $250,695 (+462%) from 2023

Net Income

Down

$38,058

Down $46,322 (-55%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

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

$10M$5.0M$0Assets 2010: $5,988,447Liabilities 2010: $0Net Assets 2010: $5,988,4472010Assets 2011: $5,976,438Liabilities 2011: $0Net Assets 2011: $5,976,4382011Assets 2012: $6,367,200Liabilities 2012: $0Net Assets 2012: $6,367,2002012Assets 2013: $7,242,936Liabilities 2013: $0Net Assets 2013: $7,242,9362013Assets 2014: $7,266,592Liabilities 2014: $0Net Assets 2014: $7,266,5922014Assets 2015: $6,658,355Liabilities 2015: $0Net Assets 2015: $6,658,3552015Assets 2016: $7,026,059Liabilities 2016: $0Net Assets 2016: $7,026,0592016Assets 2017: $7,679,163Liabilities 2017: $0Net Assets 2017: $7,679,1632017Assets 2018: $6,966,156Liabilities 2018: $0Net Assets 2018: $6,966,1562018Assets 2019: $8,118,660Liabilities 2019: $0Net Assets 2019: $8,118,6602019Assets 2020: $8,425,731Liabilities 2020: $0Net Assets 2020: $8,425,7312020Assets 2021: $9,401,246Liabilities 2021: $0Net Assets 2021: $9,401,2462021Assets 2022: $7,931,359Liabilities 2022: $0Net Assets 2022: $7,931,3592022Assets 2023: $9,042,086Liabilities 2023: $0Net Assets 2023: $9,042,0862023Assets 2024: $9,742,145Liabilities 2024: $0Net Assets 2024: $9,742,1452024

Highlighted filing

2024

Assets$9,742,145
Liabilities$0
Net Assets$9,742,145
Open 2024 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $186,8622010Expenses 2011: $217,9052011Revenue 2012: $662,220Expenses 2012: $240,811Net Income 2012: $421,4092012Revenue 2013: $1,416,631Expenses 2013: $280,510Net Income 2013: $1,136,1212013Revenue 2014: $659,324Expenses 2014: $645,042Net Income 2014: $14,2822014Revenue 2015: $349,573Expenses 2015: $316,750Net Income 2015: $32,8232015Revenue 2016: $205,474Expenses 2016: $275,569Net Income 2016: -$70,0952016Revenue 2017: $244,655Expenses 2017: $303,821Net Income 2017: -$59,1662017Revenue 2018: $359,851Expenses 2018: $306,893Net Income 2018: $52,9582018Revenue 2019: $508,217Expenses 2019: $53,206Net Income 2019: $455,0112019Revenue 2020: $192,683Expenses 2020: $379,237Net Income 2020: -$186,5542020Revenue 2021: $1,144,914Expenses 2021: $197,753Net Income 2021: $947,1612021Revenue 2022: $651,008Expenses 2022: $374,156Net Income 2022: $276,8522022Revenue 2023: $138,656Expenses 2023: $54,276Net Income 2023: $84,3802023Revenue 2024: $343,029Expenses 2024: $304,971Net Income 2024: $38,0582024

Highlighted filing

2024

Revenue$343,029
Expenses$304,971
Net Income$38,058
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$9,742,145
Liabilities
$0
Net assets
$9,742,145
Revenue
$343,029
Expenses
$304,971
Net income
$38,058
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.74$0.00$9.74$0.34$0.30$0.04
2023Detailed filing. Detailed filing data is available for this year.$9.04$0.00$9.04$0.14$0.05$0.08
2022Detailed filing. Detailed filing data is available for this year.$7.93$0.00$7.93$0.65$0.37$0.28
2021Detailed filing. Detailed filing data is available for this year.$9.40$0.00$9.40$1.14$0.20$0.95
2020Detailed filing. Detailed filing data is available for this year.$8.43$0.00$8.43$0.19$0.38$0.19
2019Detailed filing. Detailed filing data is available for this year.$8.12$0.00$8.12$0.51$0.05$0.46
2018Detailed filing. Detailed filing data is available for this year.$6.97$0.00$6.97$0.36$0.31$0.05
2017Detailed filing. Detailed filing data is available for this year.$7.68$0.00$7.68$0.24$0.30$0.06
2016Detailed filing. Detailed filing data is available for this year.$7.03$0.00$7.03$0.21$0.28$0.07
2015Detailed filing. Detailed filing data is available for this year.$6.66$0.00$6.66$0.35$0.32$0.03
2014Detailed filing. Detailed filing data is available for this year.$7.27$0.00$7.27$0.66$0.65$0.01
2013Detailed filing. Detailed filing data is available for this year.$7.24$0.00$7.24$1.42$0.28$1.14
2012Summary only. Only limited summary data is available for this year.$6.37$0.00$6.37$0.66$0.24$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$0.00$5.98$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$0.00$5.99$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.1
Gross Receipts
$1,644,144
Mission and Program Overview

Mission

To support resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine.

Support resource conservation, education, health, etc. for Squirrel Island, ME.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$9,042,086$9,742,145▲ $700,059
Investments in Publicly Traded Securities$8,468,701$9,499,195▲ $1,030,494
Investments Other Securities$198,875--
Cash and Non-Interest-Bearing Accounts$83,026$143,283▲ $60,257
Savings and Temporary Cash Investments$291,484$99,667▼ $191,817
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$9,042,086$9,742,145▲ $700,059
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,042,086$9,742,145▲ $700,059
Total Liabilities and Net Assets / Fund Balance$9,042,086$9,742,145▲ $700,059

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$8,959,060$20,095▲ $879,779$260,072$9,598,862
2023$7,877,337$13,944▲ $1,081,722$13,943$8,959,060
2022$9,364,995$30,768▼ $1,167,658$350,768$7,877,337
2021$8,386,912$12,589▲ $1,117,960$152,466$9,364,995
2020$7,908,506$23,390▲ $631,690$176,674$8,386,912
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
William ThomasPresident & Secretary
David SplaineVice President
Arthur VeaseyTrustee
Barbara HowaniecTrustee
Leslie JacobTrustee
Taylor MandellTrustee
Debby KerrTrustee (end 10/2024)
Paula BokeschTrustee (end 7/2024)
Nina H GarrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$79,998
Program Service Revenue
$0
Investment Income
$263,031
Other Revenue
$0
All Other Contributions
$79,998
Change in Net Assets
$38,058

Audited Revenue Reconciliation

Revenue per Audited Statements
$297,776
Revenue Not Reported on Financial Statements
$45,253
Revenue Not Reported on Form 990
$662,001
Total Revenue per Audited Statements
$959,777
Total Revenue per Form 990
$343,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$245,000
Other Expenses$59,971
Total Fundraising Expense$549
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$245,000--$245,000
Fees for Service Investment Mgmnt Fees-$44,882-$44,882
Fees for Services Accounting-$12,048-$12,048
Insurance-$2,443-$2,443
Office Expenses-$49$549$598
Total Functional Expenses$245,000$59,422$549$304,971

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$304,971
Total Expenses per Audited Statements$260,072
Expenses per Audited Statements$259,718
Expenses Not Reported on Financial Statements$45,253
Expenses Not Reported on Form 990$354
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Squirrel Island Village CorporationBoothbay Harbor, MEGovernmentCapital projects and general operating support.$245,000
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
No
Audit committee
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“One board member (overseer trustee) of Squirrel Island Preservation Foundation shall be elected by and from the board of overseers of Squirrel Island Village Corporation. There shall be five board members-at-large elected by the legal voters of Squirrel Island Village Corporation. There shall also be one association trustee elected by the board of Squirrel Island Association, an affiliated organization that is not related by Form 990 qualifications.”

Form 990, Part VI, Section B, line 11B

“The board of directors is provided a copy of the Form 990. It is also carefully reviewed by an authorized person from the board.”

Form 990, Part VI, Section C, line 19

“All documents are available at annual meetings and upon request.”

Filing and Contact Details

Filer

Filer Name
Squirrel Island Preservation Foundation
EIN
22-2875544
Phone
2078054961
Address
254 Commercial Street, Portland, ME 04101

Signing Officer

Name
William Thomas
Title
President
Phone
2078054961
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Thomas
Formed
1988
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Baker Newman & Noyes
Address
Box 507, Portland, ME 04112
Preparer
Connor Smart
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, line 2C:

“The oversight process and selection process of an independent auditor are unchanged.”

Financial Statement Notes

Part V, Line 4:

“The endowment income will be spent to support resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine.”

Part X, Line 2:

“The Foundation has received a determination letter from the Internal Revenue Service stating that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (the Code) and for Public Charity status under Section 509(a)(3) of the Code. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financing Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. The Foundation has evaluated the positions taken on its filed tax returns. The Foundation has concluded that no uncertain income tax positions exist at December 31, 2024.”

Part XII, Line 2D - Other Adjustments:

“Accrual to cash conversion 354.”

Raw XML AppendixShowing 400 of 471 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/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0549
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049
IRS990/OfficeExpensesGrp/TotalAmt0598
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0William Thomas
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt043090
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt095566
IRS990/PYOtherExpensesAmt054276
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt084380
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt054276
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138656
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt038058
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09042086
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09742145
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0291484
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099667
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Organization's supported organization, Squirrel Island Village Corporation, did not receive an IRS determination letter under 509(a)(1) or 509(a)(2). However, Squirrel Island Village Corporation is a government municipality and therefore would not receive an IRS determination letter.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The majority of the Foundation's support to its supported organization takes the form of transfers of funds or direct contributions paid to the Squirrel Island Village Corporation (the "Corporation"). However, the Foundation also regularly incurs investment administration expenses, as well as fees for accounting services, insurance, and nominal office expenses. While such expenditures are not paid directly to the Corporation, these costs are incurred by the Foundation in furtherance of its mission to maintain and invest funds for the benefit of the Corporation. Accordingly, such expenses have been disclosed on this Form 990, Schedule A, Part I, Line 12g(vi), as Other Support provided to the benefit of the Corporation.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 2:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part I, Line 12g(vi):
IRS990ScheduleA/OtherSupportSumAmt059971
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0016001059
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt059971
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0245000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Squirrel Island Village Corp
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0245000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt08959060
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt020095
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09598862
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0879779
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0260072
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07877337
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt013944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt08959060
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01081722
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013943
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt09364995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt030768
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07877337
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1167658
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0350768
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt08386912
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt012589
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt09364995
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01117960
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0152466
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07908506
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt023390
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt08386912
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0631690
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0176674
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0354
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt045253
IRS990ScheduleD/ExpensesSubtotalAmt0259718
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt045253
IRS990ScheduleD/InvestmentExpensesNotIncldAmt045253
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0662001
IRS990ScheduleD/OtherExpensesIncludedAmt0354
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt0662001
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt045253
IRS990ScheduleD/RevenueSubtotalAmt0297776
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment income will be spent to support resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation has received a determination letter from the Internal Revenue Service stating that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (the Code) and for Public Charity status under Section 509(a)(3) of the Code. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financing Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. The Foundation has evaluated the positions taken on its filed tax returns. The Foundation has concluded that no uncertain income tax positions exist at December 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Accrual to cash conversion 354.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0304971
IRS990ScheduleD/TotalRevenuePerForm990Amt0343029
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0959777
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0260072
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0245000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Government
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Capital projects and general operating support.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Squirrel Island Village Corporation
IRS990ScheduleI/RecipientTable/RecipientEIN0016001059
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0Southport Island
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Boothbay Harbor
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004538
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The use of funds is monitored by requiring a report each year from the Squirrel Island Village Corporation, a government municipality and related organization, on how the block grant was used.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0One board member (overseer trustee) of Squirrel Island Preservation Foundation shall be elected by and from the board of overseers of Squirrel Island Village Corporation. There shall be five board members-at-large elected by the legal voters of Squirrel Island Village Corporation. There shall also be one association trustee elected by the board of Squirrel Island Association, an affiliated organization that is not related by Form 990 qualifications.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board of directors is provided a copy of the Form 990. It is also carefully reviewed by an authorized person from the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available at annual meetings and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The oversight process and selection process of an independent auditor are unchanged.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Squirrel Island Village Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0016001059
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Governance
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0Southport Island
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Boothbay Harbor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004538
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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