Libra Foundation Owen W Wells Trustee
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Libra Foundation Owen W Wells Trustee is a 501(c)(3) organization based in Portland, Maine, registered in 1990, with -$1,523,256 in FY2024 revenue. CharityIndex grades it D.
190 Middle St Ste 601, Portland, ME, 04101 EIN 04-6626994 Since 1990
Revenue (FY2024)
-$1.5M
▼ 348.7% vs prior year
Expenses (FY2024)
$8.2M
Net assets
$161.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Libra Foundation Owen W Wells Trustee— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating236 mo reserves · -639% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Libra Foundation Owen W Wells Trustee: 236 mo reserves · -639% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Libra Foundation Owen W Wells Trustee— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Libra Foundation Owen W Wells Trustee: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $1.8M (FY2013) to -$1.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $387KNet assets $161.2M
Operating margin
-638.8%
Spent more than it raised in the latest fiscal year.
Total assets
$161.6M
Total liabilities
$387K
Net assets
$161.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$1,523,256▼349% | $8,208,021▼9.3% | $161,170,458▼5.0% | $161,557,671▼5.0% | 990PF |
| 2023 | -$339,498▲87.2% | $9,054,568▼0.1% | $169,603,856▼2.9% | $170,023,543▼2.8% | 990PF |
| 2022 | -$2,662,658▼137% | $9,064,186▼0.9% | $174,601,310▼9.9% | $174,993,751▼10.0% | 990PF |
| 2021 | $7,192,031▲153% | $9,143,227▲3.2% | $193,877,056▼2.4% | $194,515,715▼2.5% | 990PF |
| 2020 | $2,837,625▲552% | $8,856,909▼5.9% | $198,693,319▼1.5% | $199,450,345▼1.6% | 990PF |
| 2019 | $435,378▼98.0% | $9,412,972▼8.8% | $201,717,622▲1.4% | $202,681,986▲0.5% | 990PF |
| 2018 | $22,082,410▼75.5% | $10,319,968▼19.8% | $198,961,581▲2.2% | $201,686,769▲0.6% | 990PF |
| 2017 | $90,213,216▲22617% | $12,869,998▲87.6% | $194,725,372▲66.9% | $200,510,123▲70.0% | 990PF |
| 2016 | -$400,644▼141% | $6,861,897▲2.3% | $116,656,908▼5.6% | $117,915,194▼5.6% | 990PF |
| 2015 | $974,858▼20.5% | $6,708,709▲9.4% | $123,514,559▼6.4% | $124,933,141▼6.1% | 990PF |
| 2014 | $1,225,716▼30.5% | $6,134,406▼6.2% | $131,953,744▼4.5% | $133,079,313▼4.2% | 990PF |
| 2013 | $1,762,354 | $6,540,639▼31.0% | $138,237,606▼0.8% | $138,874,861▼1.0% | 990PF |
| 2012 | — | $9,482,579 | $139,358,992 | $140,287,581 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Craig N Denekas — $423,364 (5.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Craig N Denekas | Chairman/ceo | 50 | $423,364 |
| Jere G Michelson | President/coo/cfo | 50 | $413,284 |
| Erik Hayward | Executive Vice President | 50 | $307,561 |
| Paul Pietropaoli | Executive Vice President | 50 | $307,561 |
| Owen W Wells | Trustee | 30 | $100,801 |
| Pendred E Noyce | Trustee | 10 | — |
| William J Ryan | Trustee | 10 | — |
Frequently asked questions
- Is Libra Foundation Owen W Wells Trustee a legitimate nonprofit?
- Yes. Libra Foundation Owen W Wells Trustee is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-6626994, based in Portland, Maine. Donations are tax-deductible.
- What is Libra Foundation Owen W Wells Trustee's EIN?
- Libra Foundation Owen W Wells Trustee's Employer Identification Number (EIN) is 04-6626994.
- How much revenue does Libra Foundation Owen W Wells Trustee report?
- Libra Foundation Owen W Wells Trustee reported -$1,523,256 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Libra Foundation Owen W Wells Trustee have?
- CharityIndex grades Libra Foundation Owen W Wells Trustee D, based on financial health (reserves and operating margin).
- How much does Libra Foundation Owen W Wells Trustee's highest-paid employee make?
- The highest reported compensation on Libra Foundation Owen W Wells Trustee's latest Form 990 is $423,364, paid to Craig N Denekas (Chairman/ceo).
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Data for Libra Foundation Owen W Wells Trustee (EIN 04-6626994) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.