Civic Intelligence

The Presumpscot Foundation

990PF • Fiscal year 2020 • EIN 27-1567070

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 23, 2021

54 Bartol Island RoadFreeport, ME 04032-6413

(207) 740-6099

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

0.00x

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Net Margin

11th percentile

-67%

Higher net margin than 11% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Asset Growth

30th percentile

-1.5%

Faster asset growth than 30% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

83%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,507,414

Down $22,753 (-1.5%) from 2019

Net Assets

Down

$1,507,414

Down $22,753 (-1.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$33,805

Up $15,361 (+83%) from 2019

Expenses

Up

$56,558

Up $2,095 (+3.8%) from 2019

Net Income

Up

-$22,753

Up $13,266 (+37%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $729,180Liabilities 2010: $0Net Assets 2010: $729,1802010Assets 2011: $701,528Liabilities 2011: $0Net Assets 2011: $701,5282011Assets 2017: $1,572,674Liabilities 2017: $0Net Assets 2017: $1,572,6742017Assets 2018: $1,566,186Liabilities 2018: $0Net Assets 2018: $1,566,1862018Assets 2019: $1,530,167Liabilities 2019: $0Net Assets 2019: $1,530,1672019Assets 2020: $1,507,414Liabilities 2020: $0Net Assets 2020: $1,507,4142020Assets 2021: $1,484,917Liabilities 2021: $0Net Assets 2021: $1,484,9172021Assets 2022: $1,460,051Liabilities 2022: $0Net Assets 2022: $1,460,0512022Assets 2023: $1,565,202Liabilities 2023: $0Net Assets 2023: $1,565,2022023Assets 2024: $1,597,626Liabilities 2024: $0Net Assets 2024: $1,597,6262024

Highlighted filing

2020

Assets$1,507,414
Liabilities$0
Net Assets$1,507,414

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $22,3712010Expenses 2011: $55,6572011Revenue 2017: $193,852Expenses 2017: $50,353Net Income 2017: $143,4992017Revenue 2018: $79,535Expenses 2018: $84,023Net Income 2018: -$4,4882018Revenue 2019: $18,444Expenses 2019: $54,463Net Income 2019: -$36,0192019Revenue 2020: $33,805Expenses 2020: $56,558Net Income 2020: -$22,7532020Revenue 2021: $20,567Expenses 2021: $43,064Net Income 2021: -$22,4972021Revenue 2022: $31,536Expenses 2022: $56,402Net Income 2022: -$24,8662022Revenue 2023: $204,768Expenses 2023: $99,617Net Income 2023: $105,1512023Revenue 2024: $170,529Expenses 2024: $138,105Net Income 2024: $32,4242024

Highlighted filing

2020

Revenue$33,805
Expenses$56,558
Net Income-$22,753
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 23, 2021
Return Version
2020v4.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ford S ReichePresident & DirectorPT$0--
Karen N ReicheTreasurer & Director-$0--
Martin EisensteinClerk & Director-$0--
Filing and Contact Details

Filer

Filer Name
The Presumpscot Foundation
EIN
27-1567070
Phone
2077406099
Address
54 Bartol Island Road, Freeport, ME 04032-6413

Signing Officer

Name
Ford S Reiche
Title
President
Phone
2077406099
Signed
2021-08-23
Discuss with paid preparer
Yes

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
E Drew Cheney
Phone
2078792100
Raw XML AppendixShowing 400 of 439 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Karen N Reiche
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Martin Eisenstein
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IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0The Foundation owns the rights to a book about Halfway Rock Light Station, authored by Ford Reiche. This amount resulted from sales of the book during 2020.
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IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0The Foundation
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0The purposes of the Foundation are to acquire, maintain and retain real property and related personal property in Maine for the purposes of protecting its natural, scenic and open space values, preserving open space for the benefit of the public and the environment, and engage in historic preservation.In 2020, the primary project of the Foundation was to restore Halfway Rock Lighthouse. This lighthouse is perched midway across the mouth of Casco Bay on a barren ledge of two acres. It is a remote, wave-swept beacon, nearly inaccessible and totally exposed to the ravages of nature. Built in 1871 to guide mariners approaching Portland Harbor, the lighthouse was staged until it was automated in 1976. Thereafter, maintenance was limited to the bare essentials required to keep the light and fog horn functioning. It was declared surplus government property in 2014. Due to the lighthouse's tremendous historic significance, the Foundation acquired it and is in the process of restoring it.
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt055114
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0Ford S Reiche
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm1Karen N Reiche
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
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LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Land, Gilead Maine
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LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt4Lighthouse Improvements, Halfway Rock
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt5Lighthouse Improvements, Halfway Rock
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt6Improvements to Safe Boat
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LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt65811
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OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt059087
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0Decoys and Artifacts
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OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Maintenance and Repairs
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Miscellaneous
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Excess program-related expenses
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OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1900
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt20
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