Civic Intelligence

Aroostook Aspirations Initiative

EIN 46-1594917 • 501(c)3 • Presque Isle, ME

Profile

The company is organized exclusively to promote charitable, scientific, and educational purposes. The purpose of the company is to: (a)promote access and availability of higher education opportunities to maine's high school graduates (b)provide financial assistance to academically deserving and/or financially needy high school graduates in maine in the form of scholarship grants or award and (c)raise funds and accept contributions, grants, or gifts from any public or private agency, organization, or individual for the purpose of financing its activities and expending those monies for the purposes of the corporation.

26 North Street Box 138Presque Isle, ME 04769

gauvinfund.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

29th percentile

-12%

Higher net margin than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-72%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $532,582 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $532,582 (-100%) from 2022

Revenue

Down

$20,903

Down $53,465 (-72%) from 2022

Expenses

Down

$23,443

Down $35,548 (-60%) from 2022

Net Income

Down

-$2,540

Down $17,917 (-117%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $181,328Liabilities 2013: $0Net Assets 2013: $181,3282013Assets 2014: $237,822Liabilities 2014: $0Net Assets 2014: $237,8222014Assets 2015: $360,602Liabilities 2015: $406Net Assets 2015: $360,1962015Assets 2016: $361,105Liabilities 2016: $784Net Assets 2016: $360,3212016Assets 2017: $342,332Liabilities 2017: $1,192Net Assets 2017: $341,1402017Assets 2018: $375,193Liabilities 2018: $897Net Assets 2018: $374,2962018Assets 2019: $434,863Liabilities 2019: $2,082Net Assets 2019: $432,7812019Assets 2021: $573,142Liabilities 2021: $550Net Assets 2021: $572,5922021Assets 2022: $532,582Liabilities 2022: $0Net Assets 2022: $532,5822022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $251,867Expenses 2013: $26,037Net Income 2013: $225,8302013Revenue 2014: $169,197Expenses 2014: $112,704Net Income 2014: $56,4932014Revenue 2015: $288,677Expenses 2015: $166,307Net Income 2015: $122,3702015Revenue 2016: $201,519Expenses 2016: $201,394Net Income 2016: $1252016Revenue 2017: $235,945Expenses 2017: $255,126Net Income 2017: -$19,1812017Revenue 2018: $127,950Expenses 2018: $94,794Net Income 2018: $33,1562018Revenue 2019: $141,015Expenses 2019: $111,316Net Income 2019: $29,6992019Revenue 2021: $128,543Expenses 2021: $96,623Net Income 2021: $31,9202021Revenue 2022: $74,368Expenses 2022: $58,991Net Income 2022: $15,3772022Revenue 2023: $20,903Expenses 2023: $23,443Net Income 2023: -$2,5402023

Highlighted filing

2023

Revenue$20,903
Expenses$23,443
Net Income-$2,540

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 21, 2024
Return Version
2023v5.0
Gross Receipts
$21,668
Mission and Program Overview

Mission

The company is organized exclusively to promote charitable, scientific, and educational purposes. The purpose of the company is to: (a)promote access and availability of higher education opportunities to maine's high school graduates (b)provide financial assistance to academically deserving and/or financially needy high school graduates in maine in the form of scholarship grants or award and (c)raise funds and accept contributions, grants, or gifts from any public or private agency, organization, or individual for the purpose of financing its activities and expending those monies for the purposes of the corporation.

(a) promoting access and availability of higher education opportunties to maine's high school graduates (b) providing financial assistance to academically dersing and/or financailly needy high school graduates in the form of scholarship grants and awards (c) raising funds and acepting contributions, grants, or gifts fron any public or provate agency, organization, or individual for the purposes of financing its activities and expending those monies for the purposes of the corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$313,030--
Cash and Non-Interest-Bearing Accounts$218,560--
Land, Buildings, and Equipment, Net$992--
Total Assets$532,582$0▼ $532,582
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$415,954--
Net Assets Without Donor Restrictions$116,628--
Total Net Assets Fund Balance$532,582$0▼ $532,582
Total Liabilities and Net Assets / Fund Balance$532,582$0▼ $532,582
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandra GauvinPresident
Haley KelleyDirector
Heather MackinnonDirector
Jason ParentDirector
Jennifer DescheneDirector
Ryan RogersDirector
Christopher RogeskiSecretary
Raynold GauvinTreasurer
Scott SmithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$6,230
Program Service Revenue
$0
Investment Income
$13,019
Other Revenue
$1,654
All Other Contributions
$6,230
Change in Net Assets
$-2,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$2,761-$2,761
All Other Expenses-$1,571-$1,571
Fees for Services Accounting-$1,190-$1,190
Insurance-$1,138-$1,138
Other Expenses-$840-$840
Depreciation Depletion-$228-$228
Total Functional Expenses$0$23,443$0$23,443
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
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Sandra gauvin raynold gauvin president director spouse

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

Prepared by cpa, reviewed by treasurer in detail, copy provided to board of directors

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

All board members and officers are required to sign "conflict of interest" statement on an annual basis

Form 990, Page 6, Part VI, Line 15A

Executive committee review annually

Form 990, Page 6, Part VI, Line 15B

NOT APPLICABLE

Form 990, Page 6, Part VI, Line 19

Records are available fron any officer upon request

Filing and Contact Details

Filer

Filer Name
Aroostook Aspirations Initiative
EIN
46-1594917
Phone
2077640876
Address
26 NORTH STREET BOX 138, PRESQUE ISLE, ME 04769

Signing Officer

Name
Sandra Gauvin
Title
President
Phone
2077640876
Signed
2024-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Gauvin
Formed
2012
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Chester M Kearney Pa
Address
PO BOX 1550, PRESQUE ISLE, ME 04769
Preparer
Timothy P Poitras
Phone
2077643171
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The company is organized exclusively to promote charitable, scientific, and educational purposes. The purpose of the company is to: (a)promote access and availability of higher education opportunities to maine's high school graduates (b)provide financial assistance to academically deserving and/or financially needy high school graduates in maine in the form of scholarship grants or award and (c)raise funds and accept contributions, grants, or gifts from any public or private agency, organization, or individual for the purpose of financing its activities and expending those monies for the purposes of the corporation.

Form 990, Part XI, Line 9

TRANSFER TO MCF -540,704

Raw XML Appendix360 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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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH & INVESTMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MAINE COMMUNITY FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02023-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0010391479
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0540704
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0MARKET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0245 MAIN STREET
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0ELLSWORTH
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0ME
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd004605
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IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS ORGANIZED EXCLUSIVELY TO PROMOTE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. THE PURPOSE OF THE COMPANY IS TO: (A)PROMOTE ACCESS AND AVAILABILITY OF HIGHER EDUCATION OPPORTUNITIES TO MAINE'S HIGH SCHOOL GRADUATES (B)PROVIDE FINANCIAL ASSISTANCE TO ACADEMICALLY DESERVING AND/OR FINANCIALLY NEEDY HIGH SCHOOL GRADUATES IN MAINE IN THE FORM OF SCHOLARSHIP GRANTS OR AWARD AND (C)RAISE FUNDS AND ACCEPT CONTRIBUTIONS, GRANTS, OR GIFTS FROM ANY PUBLIC OR PRIVATE AGENCY, ORGANIZATION, OR INDIVIDUAL FOR THE PURPOSE OF FINANCING ITS ACTIVITIES AND EXPENDING THOSE MONIES FOR THE PURPOSES OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SANDRA GAUVIN RAYNOLD GAUVIN PRESIDENT DIRECTOR SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPARED BY CPA, REVIEWED BY TREASURER IN DETAIL, COPY PROVIDED TO BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO SIGN "CONFLICT OF INTEREST" STATEMENT ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE COMMITTEE REVIEW ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RECORDS ARE AVAILABLE FRON ANY OFFICER UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRANSFER TO MCF -540,704
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0532582
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0532582
IRS990/TotalAssetsGrp/EOYAmt00
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IRS990/TotalContributionsAmt06230
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023443
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt023443
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0532582
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt014673
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt020903
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0532582
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0749 PULCIFER ROAD
IRS990/USAddress/CityNm0MAPLETON
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004757
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0AROOSTOOKASPIRATIONS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDRA GAUVIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02077640876
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AROOSTOOK ASPIRATIONS INITIATIVE
ReturnHeader/Filer/BusinessNameControlTxt0AROO
ReturnHeader/Filer/EIN0461594917
ReturnHeader/Filer/PhoneNum02077640876
ReturnHeader/Filer/USAddress/AddressLine1Txt026 NORTH STREET BOX 138
ReturnHeader/Filer/USAddress/CityNm0PRESQUE ISLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004769
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010411241
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHESTER M KEARNEY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PRESQUE ISLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004769
ReturnHeader/PreparerPersonGrp/PhoneNum02077643171
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY P POITRAS
ReturnHeader/ReturnTs02024-06-04T15:31:49-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SANDRA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GAUVIN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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