NonprofitsPeaks Island Fund Inc

Community Foundations

Peaks Island Fund Inc

PEAKS ISLAND, ME

Total revenue

$139K

Total expenses

$144K

Net assets

$1.2M

Grants received

$130K

1 grants

EIN

923794520

Tax year

2024

Mission

The activity of the Corportion is to provide funding and support for IRC Section 501 (c)(3) Organizations operating on Peaks Island, Maine

Programs

2 programs

The Organizations Support of the Peaks Island Newspaper lead to the creation of the Newspaper in 2023 with a Grant of 10,000. This initial Grant allowed a trial version of the paper to be published. In 2024 with continuing support of a further $18,000 the Newspaper has been able to expand to a monthly puplication. The Paper now mails a copy to every household on the Island.

Grants: $10K

The Peaks Island Childrens Workshop has been nuturing the Children of Peaks for more than 50 Years. The Workshop is critical in making the Island viable to young families. The Organization has supported the Workshop with a full grant of $10,000 per year providing critically needed support.

Grants: $10K

Financials

FY 2024

Revenue

Contributions & grants$104K
Program service revenue
Investment income$35K
Other revenue
Total revenue$139K

Expenses

Grants paid$94K
Salaries & benefits$12K
Fundraising$10K
Other expenses$38K
Total expenses$144K
Total assets$1.2M
Net assets$1.2M

People

15 listed

NameRoleCompensation

Perry Sutherland

Secretary

Board

$12K

10 hrs/wk

Vanessa Sylvester

Vice President

Board

2 hrs/wk

Christopher Jenkins

Treasurer

Board

2 hrs/wk

Daniel Goodman

Trustee

Board

2 hrs/wk

Rich Amster

Trustee

Board

2 hrs/wk

Owen Sanderson

Trustee

Board

2 hrs/wk

Cara Dolan

Trustee

Board

2 hrs/wk

Robert Harville

Trustee

Board

2 hrs/wk

Rachel Conly

Trustee

Board

2 hrs/wk

Bryn Roberts

Trustee

Board

2 hrs/wk

Laura Reading

Trustee

Board

2 hrs/wk

Cat Stevenson

Trustee

Board

2 hrs/wk

Anne Coughlin

Trustee

Board

2 hrs/wk

W John Funk

President

Board

5 hrs/wk

Betsy Cook

Trustee

Board

2 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$130K
Community Improvement
2024

Funded by

$130K from 1 funder · 1 grant · 2024

Maine Community Foundation Inc

$130K · 1 grant · 2024

Details

EIN923794520
NTEE codeT31
Subsection03
Ruling date2023-12
Formed2023
Employees0
Volunteers20
PEAKS ISLAND FUND INC — Mission, Financials & Grants Received | Grantivo