The@presumpscot Foundation
Only null% goes to programs Strong reserves Growing revenue
The@presumpscot Foundation is a 501(c)(3) organization based in Freeport, Maine, registered in 2011, with $170,529 in FY2024 revenue. CharityIndex grades it B.
54 Bartol Island Rd, Freeport, ME, 04032 EIN 27-1567070 Since 2011
Revenue (FY2024)
$171K
▼ 16.7% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$138K
Net assets
$1.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 The@presumpscot Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating139 mo reserves · +19% 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 The@presumpscot Foundation: 139 mo reserves · +19% margin earns a B+ 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 The@presumpscot Foundation— 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 The@presumpscot Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 54 Bartol Island Rd, Freeport, ME, 04032
- City
- Freeport
- State
- Maine
- Category
- Arts, Culture & Humanities
- Subcategory
- Historical Societies
- Website
- …
Financial trends
Revenue declined from $194K (FY2017) to $171K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.6M
Operating margin
19.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$0
Net assets
$1.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $170,529▼16.7% | $138,105▲38.6% | $1,597,626▲2.1% | $1,597,626▲2.1% | 990PF |
| 2023 | $204,768▲549% | $99,617▲76.6% | $1,565,202▲7.2% | $1,565,202▲7.2% | 990PF |
| 2022 | $31,536▲53.3% | $56,402▲31.0% | $1,460,051▼1.7% | $1,460,051▼1.7% | 990PF |
| 2021 | $20,567▼39.2% | $43,064▼23.9% | $1,484,917▼1.5% | $1,484,917▼1.5% | 990PF |
| 2020 | $33,805▲83.3% | $56,558▲3.8% | $1,507,414▼1.5% | $1,507,414▼1.5% | 990PF |
| 2019 | $18,444▼76.8% | $54,463▼35.2% | $1,530,167▼2.3% | $1,530,167▼2.3% | 990PF |
| 2018 | $79,535▼59.0% | $84,023▲66.9% | $1,566,186▼0.4% | $1,566,186▼0.4% | 990PF |
| 2017 | $193,852 | $50,353▼9.5% | $1,572,674▲124% | $1,572,674▲124% | 990PF |
| 2010 | — | $55,657▲149% | $701,528▼3.8% | $701,528▼3.8% | 990PF |
| 2009 | — | $22,371 | $729,180 | $729,180 | 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.
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Frequently asked questions
- Is The@presumpscot Foundation a legitimate nonprofit?
- Yes. The@presumpscot Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-1567070, based in Freeport, Maine. Donations are tax-deductible.
- What is The@presumpscot Foundation's EIN?
- The@presumpscot Foundation's Employer Identification Number (EIN) is 27-1567070.
- How much revenue does The@presumpscot Foundation report?
- The@presumpscot Foundation reported $170,529 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The@presumpscot Foundation have?
- CharityIndex grades The@presumpscot Foundation B, based on financial health (reserves and operating margin).
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Data for The@presumpscot Foundation (EIN 27-1567070) 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.