Civic Intelligence

Aroostook Energy Association Shawn Lovley

EIN 82-1156959 • 501(c)6 • Presque Isle, ME

990-N Coverage

Profile

To engage and collaborate with energy providers, creating relationships that provide sustainable costs to our membership and the greater region.

PO Box 1701Presque Isle, ME 04769

aroostookenergy.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

99th percentile

91%

Higher net margin than 99% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

$371,559

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$371,559

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue51st percentileNet Margin99th percentile

Revenue

$388,845

No earlier filing loaded for comparison.

Expenses

$34,756

No earlier filing loaded for comparison.

Net Income

$354,089

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2024: $371,559Liabilities 2024: $0Net Assets 2024: $371,5592024

Highlighted filing

2024

Assets$371,559
Liabilities$0
Net Assets$371,559
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2024: $388,845Expenses 2024: $34,756Net Income 2024: $354,0892024

Highlighted filing

2024

Revenue$388,845
Expenses$34,756
Net Income$354,089
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$371,559
Liabilities
$0
Net assets
$371,559
Revenue
$388,845
Expenses
$34,756
Net income
$354,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$3.89$0.35$3.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Dec 13, 2025
Return Version
2024v5.0
Gross Receipts
$388,845
Mission and Program Overview

Mission

To engage and collaborate with energy providers, creating relationships that provide sustainable costs to our membership and the greater region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,470$371,559▲ $354,089
Total Assets$17,470$371,559▲ $354,089
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,470$371,559▲ $354,089
Total Net Assets Fund Balance$17,470$371,559▲ $354,089
Total Liabilities and Net Assets / Fund Balance$17,470$371,559▲ $354,089
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Shawn LovleyPresident
Jason DroletDirector
Madison SotomayerDirector
Matt BellDirector
Josh PhilbrookVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,985
Investment Income
$128
Other Revenue
$376,732
Change in Net Assets
$354,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,756
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
Other Expenses---$236
All Other Expenses---$59
Total Functional Expenses$0$0$0$34,756
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Aroostook Energy Association
EIN
82-1156959
Phone
2073166692
Address
PO BOX 1701, PRESQUE ISLE, ME 04769

Signing Officer

Name
Shawn Lovley
Title
President
Phone
2073166692
Signed
2025-12-13

Organization Details

Principal Officer
Shawn Lovley
Formed
2017
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Lee Theriault CPA
Address
34 E MAIN ST STE 102, FORT KENT, ME 04743-1329
Preparer
Lee R C Theriault CPA
Phone
2078345448
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To provide sustainable energy costs to membership and the greater region.”

Raw XML Appendix239 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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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