Civic Intelligence

Aroostook Aspirations Initiative

990 • Fiscal year 2017 • EIN 46-1594917

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

26 North Street Box 138Presque Isle, ME 04769

(207) 764-0876

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

26th percentile

-8.1%

Higher net margin than 26% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

35th percentile

-5.2%

Faster asset growth than 35% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$342,332

Down $18,773 (-5.2%) from 2016

Net Assets

Down

$341,140

Down $19,181 (-5.3%) from 2016

Liabilities

Up

$1,192

Up $408 (+52%) from 2016

Revenue

Up

$235,945

Up $34,426 (+17%) from 2016

Expenses

Up

$255,126

Up $53,732 (+27%) from 2016

Net Income

Down

-$19,181

Down $19,306 (-15445%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$342,332
Liabilities$1,192
Net Assets$341,140

Operations Trend

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

2017

Revenue$235,945
Expenses$255,126
Net Income-$19,181
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.3
Gross Receipts
$235,945
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$285,048$258,890▼ $26,158
Cash and Non-Interest-Bearing Accounts$72,597$80,856▲ $8,259
Accounts Receivable$2,500$1,650▼ $850
Land, Buildings, and Equipment, Net$960$599▼ $361
Total Assets$361,105$342,332▼ $18,773
Other Assets Total-$337-
Liabilities
Accounts Payable and Accrued Expenses$784$1,192▲ $408
Total Liabilities$784$1,192▲ $408
Net Assets / Fund Balance
Temporarily Rstr Net Assets$322,231$315,491▼ $6,740
Unrestricted Net Assets$38,090$25,649▼ $12,441
Total Net Assets Fund Balance$360,321$341,140▼ $19,181
Total Liabilities and Net Assets / Fund Balance$361,105$342,332▼ $18,773

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$599$1,440$2,039
Other Securities$258,890--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandra GauvinPresident
Chris FitzpatrickDirector
Denise DuperreDirector
Gregg CollinsDirector
Jane TowleDirector
Jason ParentDirector
Jennifer OlsonDirector
John LisnikDirector
Kevin FrazierDirector
Larry FoxDirector
Lise CollinsDirector
Lois DicksonDirector
Michael MarquisDirector
Phil BosseDirector
Sharon CampbellDirector
Steve St PierreDirector
Christopher RogeskiSecretary
Raynold GauvinTreasurer
Scott SmithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$199,806
Program Service Revenue
$0
Investment Income
$36,139
Other Revenue
$0
All Other Contributions
$199,806
Change in Net Assets
$-19,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$95,778
Grants and Similar Amounts Paid$85,947
Other Expenses$64,045
Professional Fundraising Fees$9,356
Total Fundraising Expense$9,356

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$88,972-$88,972
Grants to Domestic Individuals$85,947--$85,947
Occupancy-$12,830-$12,830
All Other Expenses-$10,105-$10,105
Fees for Services Professional Fundraising--$9,356$9,356
Payroll Taxes-$6,806-$6,806
Other Expenses-$3,458-$3,458
Fees for Service Investment Mgmnt Fees-$2,265-$2,265
Insurance-$1,814-$1,814
Advertising-$1,795-$1,795
Depreciation Depletion-$361-$361
Total Functional Expenses$85,947$159,823$9,356$255,126
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,356
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Gauvin
Formed
2012
Legal Domicile
Me
Voting Board Members
19
Independent Board Members
19
Employees
4
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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDE
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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/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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
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