Civic Intelligence

Squirrel Island Preservation Foundation C/O Pierce Atwood LLP

990 • Fiscal year 2015 • EIN 22-2875544

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 27, 2016

Organization ProfileN/A
254 Commercial StreetPortland, ME 04101

(207) 791-7173

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

6th percentile

0.00x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

67th percentile

9.4%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

12th percentile

-8.4%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$6,658,355

Down $608,237 (-8.4%) from 2014

Net Assets

Down

$6,658,355

Down $608,237 (-8.4%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin67th percentile

Revenue

Down

$349,573

Down $309,751 (-47%) from 2014

Expenses

Down

$316,750

Down $328,292 (-51%) from 2014

Net Income

Up

$32,823

Up $18,541 (+130%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2015

Assets$6,658,355
Liabilities$0
Net Assets$6,658,355
Open 2015 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$349,573
Expenses$316,750
Net Income$32,823
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 27, 2016
Return Version
2015v2.1
Gross Receipts
$7,999,459
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$7,266,592$6,658,355▼ $608,237
Investments in Publicly Traded Securities$7,020,138$6,369,639▼ $650,499
Cash and Non-Interest-Bearing Accounts$11,571$151,216▲ $139,645
Savings and Temporary Cash Investments$234,883$137,500▼ $97,383
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,266,592$6,658,355▼ $608,237
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,266,592$6,658,355▼ $608,237
Total Liabilities and Net Assets / Fund Balance$7,266,592$6,658,355▼ $608,237

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$7,256,280$18,610▼ $311,489$320,105$6,643,296
2014$7,227,570$14,225▲ $650,383$635,898$7,256,280
2013$6,335,486$23,650▲ $1,128,613$260,179$7,227,570
2012$5,961,630$82,207▲ $545,648$253,999$6,335,486
2011$5,970,868$17,370▲ $184,961$211,569$5,961,630
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
John McIlwainPresident
Ellen PendergastTrustee
Jay SchweppeTrustee
Jeff MortonTrustee
Maurice KnappTrustee
Heather CheneySecretary
Janet SplaineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$18,610
Program Service Revenue
$0
Investment Income
$330,963
Other Revenue
$0
All Other Contributions
$18,610
Change in Net Assets
$32,823

Audited Revenue Reconciliation

Revenue per Audited Statements
$349,573
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-641,060
Total Revenue per Audited Statements
$-291,487
Total Revenue per Form 990
$349,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$250,000
Other Expenses$66,750
Total Fundraising Expense$722
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$250,000--$250,000
Fees for Service Investment Mgmnt Fees$50,098--$50,098
Fees for Services Accounting-$11,010-$11,010
Insurance-$4,110-$4,110
Office Expenses-$200$722$922
Fees for Services Legal-$610-$610
Total Functional Expenses$300,098$15,930$722$316,750

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$316,750
Expenses per Audited Statements$305,711
Total Expenses per Audited Statements$305,711
Expenses Not Reported on Financial Statements$11,039
Other Expense Adjustments$11,039
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Squirrel Island Village CorporationBoothbay Harbor, MEMunicipalityCapital projects$250,000
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 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 11

“The board of directors is provided a copy of the 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 meeting and upon request.”

Filing and Contact Details

Filer

Filer Name
Squirrel Island Preservation Foundation
EIN
22-2875544
Phone
2077917173
Address
254 Commercial Street, Portland, ME 04101

Signing Officer

Name
John McIlwain
Title
President
Phone
2077917173
Signed
2016-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John McIlwain
Formed
1988
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Baker Newman & Noyes
Address
Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
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 uncer 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 Financial 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. Estimated interest and penalties if applicable, related to uncertain tax positions are included as a component of income tax expense. 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, 2015. The Foundation's tax years from 2012 through 2015 are potentially subject to examination.”

Part XII, Line 4B - Other Adjustments:

“Accrual to cash conversion 11,039.”

Raw XML AppendixShowing 400 of 431 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Support resource conservation, education, health, etc. for Squirrel Island, ME
IRS990/AllOtherContributionsAmt018610
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Dale Eichorn
IRS990/BooksInCareOfDetail/PhoneNum02073362732
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt032 Cummings Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Buckfield
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004220
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt011571
IRS990/CashNonInterestBearingGrp/EOYAmt0151216
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt018610
IRS990/CYGrantsAndSimilarPaidAmt0250000
IRS990/CYInvestmentIncomeAmt0330963
IRS990/CYOtherExpensesAmt066750
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt032823
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0316750
IRS990/CYTotalFundraisingExpenseAmt0722
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0349573
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Funds, grants, and allocations paid to Squirrel Island Village Corporation and other non-profit organizations in order to accomplish goals and objectives as outlined in the mission statement.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0300098
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011010
IRS990/FeesForServicesAccountingGrp/TotalAmt011010
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0610
IRS990/FeesForServicesLegalGrp/TotalAmt0610
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt050098
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt050098
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Maurice Knapp
IRS990/Form990PartVIISectionAGrp/PersonNm1Ellen Pendergast
IRS990/Form990PartVIISectionAGrp/PersonNm2Jay Schweppe
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeff Morton
IRS990/Form990PartVIISectionAGrp/PersonNm4Janet Splaine
IRS990/Form990PartVIISectionAGrp/PersonNm5Heather Cheney
IRS990/Form990PartVIISectionAGrp/PersonNm6John McIlwain
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0109834
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0250000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0250000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0250000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07759720
IRS990/GrossReceiptsAmt07999459
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04110
IRS990/InsuranceGrp/TotalAmt04110
IRS990/InvestmentIncomeGrp/ExclusionAmt0221129
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0221129
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07020138
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06369639
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt07649886
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To support resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07266592
IRS990/NetAssetsOrFundBalancesEOYAmt06658355
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0109834
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0109834
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-641060
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0722
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0200
IRS990/OfficeExpensesGrp/TotalAmt0922
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0John McIlwain
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014225
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0580000
IRS990/PYInvestmentIncomeAmt0645099
IRS990/PYOtherExpensesAmt065042
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt014282
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0645042
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0659324
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt032823
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07266592
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06658355
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0234883
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0137500
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/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 2:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0016001059
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0250000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Squirrel Isl Village Corp
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0250000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07256280
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt018610
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06643296
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-311489
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0320105
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07227570
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt014225
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07256280
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0650383
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0635898
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06335486
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt023650
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07227570
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01128613
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0260179
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05961630
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt082207
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06335486
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0545648
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0253999
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05970868
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt017370
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05961630
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0184961
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0211569
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt011039
IRS990ScheduleD/ExpensesSubtotalAmt0305711
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-641060
IRS990ScheduleD/OtherExpensesNotIncludedAmt011039
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt0-641060
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0349573
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 uncer 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 Financial 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. Estimated interest and penalties if applicable, related to uncertain tax positions are included as a component of income tax expense. 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, 2015. The Foundation's tax years from 2012 through 2015 are potentially subject to examination.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Accrual to cash conversion 11,039.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0316750
IRS990ScheduleD/TotalRevenuePerForm990Amt0349573
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-291487
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0305711
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Municipality
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Capital projects
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 on how the block grant was used. The Organization made grants to 501(c)(3) or government municipalities. Further monitoring was not deemed necessary.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
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 990. It is also carefully reviewed by an authorized person from the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents are available at annual meeting 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 11
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/AddressLine1Txt0Capitol Island
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Boothbay Harbor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004538
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07266592
IRS990/TotalAssetsEOYAmt06658355
IRS990/TotalAssetsGrp/BOYAmt07266592
IRS990/TotalAssetsGrp/EOYAmt06658355
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt018610
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0722
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015930
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0300098
IRS990/TotalFunctionalExpensesGrp/TotalAmt0316750
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07266592
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06658355
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0300098
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0330963
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0349573
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07266592
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06658355
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0254 Commercial Street
IRS990/USAddress/CityNm0Portland
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004101
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,658,355
Liabilities
$0
Net assets
$6,658,355
Revenue
$349,573
Expenses
$316,750
Net income
$32,823
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