Nonprofit · EIN 23-7211934
FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE
Tax-exempt · PRESQUE ISLE, ME 04769
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $244,825 | $210,407 | $34,418 | $8,690,916 | $110,919 | $8,579,997 |
| June 30, 2024 | 990 | $257,972 | $190,552 | $67,420 | $7,852,520 | $0 | $7,852,520 |
| June 30, 2023 | 990 | $321,494 | $226,382 | $95,112 | $7,104,897 | $0 | $7,104,897 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $39,644
- Program service revenue
- $0
- Investment income
- $205,181
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $114,819
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,700
- Program services (functional)
- $210,407
Balance sheet and other
- Total assets, start of year
- $7,852,520
- Total assets, end of year
- $8,690,916
- Total liabilities, end of year
- $110,919
- Net assets, end of year
- $8,579,997
- Publicly traded securities
- $8,316,395
- Net assets without donor restrictions
- $56,607
- Net assets with donor restrictions
- $8,523,390
- Gross receipts
- $244,825
- Employees
- 0
- Year formed
- 1972
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Watson | President Trustee or director, Officer | 0.25 | $0 |
| Elaine Sipe | Secretary Trustee or director, Officer | 0.25 | $0 |
| Paige Small | Member Trustee or director | 0.25 | $0 |
| Paul Reid | Member Trustee or director | 0.25 | $0 |
| Curt Paterson | Member Trustee or director | 0.25 | $0 |
| David Levasseur | Member Trustee or director | 0.25 | $0 |
| Scott Violette | Member Trustee or director | 0.25 | $0 |
| Ginny Joles | Member Trustee or director | 0.25 | $0 |
| Ryan Guerrette | Member Trustee or director | 0.25 | $0 |
| Bill Flagg | Member Trustee or director | 0.25 | $0 |
| Chelsea Derosiers | Member Trustee or director | 0.25 | $0 |
| Jeff Davenport | Member Trustee or director | 0.25 | $0 |
| Sean Nordenhall | Member Trustee or director | 0.25 | $0 |
| Kendra Overlock | Member Trustee or director | 0.25 | $0 |
| Mandy Spooner | Member Trustee or director | 0.25 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jay Reynolds | Member Trustee or director | 0.25 | $0 |
| Stacy Shaw | Member Trustee or director | 0.25 | $0 |
| Shawn Cunningham | Member Trustee or director | 0.25 | $0 |
| Ruth Ann Cowger | Member Trustee or director | 0.25 | $0 |
| Nick Baser | Member Trustee or director | 0.25 | $0 |
| Clara Collins | Vice President/Treasurer Trustee or director, Officer | 0.25 | $0 |
| Keli Briggs | Member Trustee or director | 0.25 | $0 |
| Darlene Higgins | Member Trustee or director | 0.25 | $0 |
| Melinda Barnard | Member Trustee or director | 0.25 | $0 |
| Rick Nadeau | Member Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin Puckett | President Trustee or director, Officer | 0.25 | $0 |
| Donald Wayne Cassidy Jr | Vice President Trustee or director, Officer | 0.25 | $0 |
| Brian Sipe | Secretary Trustee or director, Officer | 0.25 | $0 |
| Clint Deschene | Executive Member Trustee or director | 0.25 | $0 |
| Llori Keirstead | Executive Member Trustee or director | 0.25 | $0 |
| Jennifer Paradis | Executive Member Trustee or director | 0.25 | $0 |
| Brett Varnum | Executive Member Trustee or director | 0.25 | $0 |
| David Watson | Executive Member Trustee or director | 0.25 | $0 |
| Rayle Ainsworth | Member Trustee or director | 0.25 | $0 |
| Melissa Buck | Member Trustee or director | 0.25 | $0 |
| Ruth Ann Cowger | Member Trustee or director | 0.25 | $0 |
| Mike Kelley Jr | Member Trustee or director | 0.25 | $0 |
| Jacqui Lowman | Member Trustee or director | 0.25 | $0 |
| Sean Nordenhall | Member Trustee or director | 0.25 | $0 |
| Kendra Overlock | Member Trustee or director | 0.25 | $0 |
| Mandy Pooler | Member Trustee or director | 0.25 | $0 |
| Jay Reynolds | Member Trustee or director | 0.25 | $0 |
| Stacy Shaw | Member Trustee or director | 0.25 | $0 |
| Bryan Thompson | Member Trustee or director | 0.25 | $0 |
| Brad Wolverton | Member Trustee or director | 0.25 | $0 |
| Nick Baser | Member Trustee or director | 0.25 | $0 |
| Clara Collins | Member Trustee or director | 0.25 | $0 |
| Roberta Griffiths | Member Trustee or director | 0.25 | $0 |
| Darlene Higgins | Member Trustee or director | 0.25 | $0 |
| Lehrle Kieffer | Member Trustee or director | 0.25 | $0 |
| Rick Nadeau | Member Trustee or director, Institutional trustee | 0.25 | $0 |
| Deborah Roark | Treasurer Officer | 0.25 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin Puckett | President Trustee or director, Officer | 0.25 | $0 |
| Donald Wayne Cassidy Jr | Vice President Trustee or director, Officer | 0.25 | $0 |
| Brian Sipe | Secretary Trustee or director, Officer | 0.25 | $0 |
| Clint Deschene | Executive Member Trustee or director | 0.25 | $0 |
| Llori Keirstead | Executive Member Trustee or director | 0.25 | $0 |
| Jennifer Paradis | Executive Member Trustee or director | 0.25 | $0 |
| Brett Varnum | Executive Member Trustee or director | 0.25 | $0 |
| David Watson | Executive Member Trustee or director | 0.25 | $0 |
| Rayle Ainsworth | Member Trustee or director | 0.25 | $0 |
| Melissa Buck | Member Trustee or director | 0.25 | $0 |
| Ruth Ann Cowger | Member Trustee or director | 0.25 | $0 |
| Mike Kelley Jr | Member Trustee or director | 0.25 | $0 |
| Jacqui Lowman | Member Trustee or director | 0.25 | $0 |
| Sean Nordenhall | Member Trustee or director | 0.25 | $0 |
| Kendra Overlock | Member Trustee or director | 0.25 | $0 |
| Mandy Pooler | Member Trustee or director | 0.25 | $0 |
| Jay Reynolds | Member Trustee or director | 0.25 | $0 |
| Stacy Shaw | Member Trustee or director | 0.25 | $0 |
| Bryan Thompson | Member Trustee or director | 0.25 | $0 |
| Brad Wolverton | Member Trustee or director | 0.25 | $0 |
| Nick Baser | Member Trustee or director | 0.25 | $0 |
| Clara Collins | Member Trustee or director | 0.25 | $0 |
| Roberta Griffiths | Member Trustee or director | 0.25 | $0 |
| Darlene Higgins | Member Trustee or director | 0.25 | $0 |
| Lehrle Kieffer | Member Trustee or director | 0.25 | $0 |
| Rick Nadeau | Member Trustee or director, Institutional trustee | 0.25 | $0 |
| Deborah Roark | Treasurer Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 181 MAIN ST, PRESQUE ISLE, ME 04769-2844
- Principal officer (990 for 2024)
- David Watson, 400 Young Lake Road, Westfield, ME 04787
- Signed the 990
- David Watson, President
- Phone
- (207) 768-9525
- Return prepared by
- RHR Smith & Company CPA's
Mission
The Foundations mission is to manage endowment funds and to provide scholarship funds.
Program accomplishments
- Providing scholarship fundsExpenses $210,407
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7211934
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $8,690,916
- Income (IRS master file)
- $244,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $244,825 | $210,407 | $8,690,916 | IRS |
| 990 | June 2024 | $257,972 | $190,552 | $7,852,520 | IRS |
| 990 | June 2023 | $321,494 | $226,382 | $7,104,897 | XML |
| 990 | June 2022 | $330,475 | $280,569 | $6,616,510 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7211934).
Questions about FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE
- What is the EIN of FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE?
- The employer identification number (EIN) of FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE is 23-7211934.
- Is FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE?
- The 990 for the year ended June 30, 2025 names David Watson.
- Who are the officers and directors of FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE?
- The 990 for the year ended June 30, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION OF THE UNIVERSITY AT PRESQUE ISLE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $244,825, expenses of $210,407 and total assets of $8,690,916 at year end.
Other nonprofits in PRESQUE ISLE
- NORTHERN MAINE COMMUNITY COLLEGE FOUNDATION EIN 01-0416939 · last filed 990 for 2026
- EUGENE J CRONIN SCHOLARSHIP FUND EIN 92-1709669 · last filed 990-N for 2024
- ALL THE PIECES FOUNDATION EIN 33-1305936 · last filed 990-N for 2025
- SEDES SAPIENTIAE ACADEMY EIN 85-4041622 · last filed 990-N for 2024
- AROOSTOOK MENTAL HEALTH SERVICES INC EIN 01-0276859 · last filed 990 for 2025
- AROOSTOOK COUNTY ACTION PROGRAM INC EIN 01-0315849 · last filed 990 for 2025
- CENTRAL AROOSTOOK ASSOCIATION EIN 01-0263507 · last filed 990 for 2025
- AROOSTOOK AREA AGENCY ON AGING INC EIN 01-0322531 · last filed 990 for 2025