Civic Intelligence

Squirrel Island Preservation Foundation C/O Pierce Atwood LLP

990 • Fiscal year 2021 • EIN 22-2875544

Jan 01, 2021 to Dec 31, 2021 • Filed on May 05, 2022

Organization ProfileN/A
254 Commercial StreetPortland, ME 04101

(207) 805-4961

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

8th percentile

0.00x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

55th percentile

12%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

494%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$9,401,246

Up $975,515 (+12%) from 2020

Net Assets

Up

$9,401,246

Up $975,515 (+12%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin96th percentile

Revenue

Up

$1,144,914

Up $952,231 (+494%) from 2020

Expenses

Down

$197,753

Down $181,484 (-48%) from 2020

Net Income

Up

$947,161

Up $1,133,715 (+608%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2021

Assets$9,401,246
Liabilities$0
Net Assets$9,401,246
Open 2021 Filing

Operations Trend

Revenue Growth98th 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

2021

Revenue$1,144,914
Expenses$197,753
Net Income$947,161
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 5, 2022
Return Version
2021v4.2
Gross Receipts
$3,616,935
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$8,425,731$9,401,246▲ $975,515
Investments in Publicly Traded Securities$8,153,260$8,494,943▲ $341,683
Investments Other Securities-$506,858-
Savings and Temporary Cash Investments$242,087$363,194▲ $121,107
Cash and Non-Interest-Bearing Accounts$30,384$36,251▲ $5,867
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,425,731$9,401,246▲ $975,515
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,425,731$9,401,246▲ $975,515
Total Liabilities and Net Assets / Fund Balance$8,425,731$9,401,246▲ $975,515

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$506,858--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2019$6,949,532$24,455▲ $1,143,974$209,455$7,908,506
2018$7,660,456$116,615▼ $560,922$266,617$6,949,532
2017$7,010,315$20,170▲ $936,755$306,784$7,660,456
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
William ThomasPresident & Secretary
David SplaineVice President
Barbara HowaniecTrustee
Jeff MortonTrustee
Paula BokeschTrustee
Randall HackTrustee
Ashley RandlettSecretary (part year)
Nina H GarrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,039
Program Service Revenue
$0
Investment Income
$1,123,875
Other Revenue
$0
All Other Contributions
$21,039
Change in Net Assets
$947,161

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,094,015
Revenue Not Reported on Financial Statements
$50,899
Revenue Not Reported on Form 990
$28,354
Other Revenue Adjustments
$8,450
Total Revenue per Audited Statements
$1,122,369
Total Revenue per Form 990
$1,144,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$140,000
Other Expenses$57,753
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$140,000--$140,000
Fees for Service Investment Mgmnt Fees-$42,449-$42,449
Fees for Services Accounting-$12,185-$12,185
Insurance-$2,413-$2,413
Office Expenses-$462-$462
Fees for Services Legal-$217-$217
Advertising-$27-$27
Total Functional Expenses$140,000$57,753$0$197,753

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$197,753
Total Expenses per Audited Statements$156,392
Expenses per Audited Statements$155,304
Expenses Not Reported on Financial Statements$42,449
Expenses Not Reported on Form 990$1,088
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Squirrel Island Village CorporationBoothbay Harbor, MEGovernmentCapital projects and general operating support.$140,000
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
2022-05-05
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
8

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, 2021.”

Part XI, Line 4B - Other Adjustments:

“Accrual to cash conversion 8,450.”

Part XII, Line 2D - Other Adjustments:

“Accrual to cash conversion 1,088.”

Raw XML AppendixShowing 400 of 475 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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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/SupportAmt0140000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Squirrel Island Village Corp
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0140000
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/BeginningYearBalanceAmt08386912
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt012589
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09364995
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01117960
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0152466
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07908506
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt023390
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt08386912
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0631690
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0176674
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06949532
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt024455
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07908506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01143974
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0209455
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07660456
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0116615
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06949532
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-560922
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0266617
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07010315
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt020170
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07660456
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0936755
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0306784
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt01088
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt042449
IRS990ScheduleD/ExpensesSubtotalAmt0155304
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt042449
IRS990ScheduleD/InvestmentExpensesNotIncldAmt042449
IRS990ScheduleD/NetUnrealizedGainsInvstAmt028354
IRS990ScheduleD/OtherExpensesIncludedAmt01088
IRS990ScheduleD/OtherRevenuesNotIncludedAmt08450
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0506858
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Corporate Bonds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/RevenueNotReportedAmt028354
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt050899
IRS990ScheduleD/RevenueSubtotalAmt01094015
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, 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Accrual to cash conversion 8,450.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Accrual to cash conversion 1,088.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0506858
IRS990ScheduleD/TotalExpensesPerForm990Amt0197753
IRS990ScheduleD/TotalRevenuePerForm990Amt01144914
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01122369
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0156392
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0140000
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/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,401,246
Liabilities
$0
Net assets
$9,401,246
Revenue
$1,144,914
Expenses
$197,753
Net income
$947,161
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
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