Nonprofit · EIN 61-1811938
AUGUST CORPORATION
Tax-exempt · PORTLAND, ME 04112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | -$1,692,974 | $0 | -$1,692,974 | $22,162,555 | $16,026 | $22,146,529 |
| December 31, 2024 | 990 | -$1,746,942 | $0 | -$1,746,942 | $23,391,537 | $18,534 | $23,373,003 |
| December 31, 2023 | 990 | -$1,685,789 | $0 | -$1,685,789 | $24,669,930 | $9,985 | $24,659,945 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $8,943
- Net rental income
- -$1,701,917
- Net gain from sales of assets
- -$3,423
- Other revenue
- -$1,701,917
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $23,391,537
- Total assets, end of year
- $22,162,555
- Total liabilities, end of year
- $16,026
- Net assets, end of year
- $22,146,529
- Land, buildings and equipment
- $21,874,827
- Net assets without donor restrictions
- $22,146,529
- Gross receipts
- $130,814
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRAIG N DENEKAS | CHAIRMAN & CEO Trustee or director, Officer | 1 | $14,500 | $442,135 | $74,788 |
| JERE G MICHELSON | PRESIDENT, COO & CFO Officer | 1 | $0 | $432,318 | $71,327 |
| PAUL PIETROPAOLI | EXECUTIVE VICE PRESIDENT Highest-paid employee | 1 | $0 | $331,520 | $84,560 |
| ERIK HAYWARD | EXECUTIVE VICE PRESIDENT Highest-paid employee | 1 | $0 | $329,779 | $68,044 |
| KATHI GIEDRIS | ADMINISTRATIVE ASSISTANT Highest-paid employee | 1 | $0 | $140,000 | $50,980 |
| JENNIFER COOK | ACCOUNTING ASSISTANT Highest-paid employee | 1 | $0 | $140,000 | $49,497 |
| OWEN W WELLS | DIRECTOR Trustee or director | 1 | $14,500 | $120,585 | $49,507 |
| PENDRED E NOYCE | DIRECTOR Trustee or director | 1 | $14,500 | $14,500 | $0 |
| WILLIAM J RYAN | DIRECTOR Trustee or director | 1 | $14,500 | $14,500 | $0 |
| RHIANON LIU | DIRECTOR Trustee or director | 1 | $14,500 | $14,500 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRAIG N DENEKAS | CHAIRMAN & CEO Trustee or director, Officer | 1 | $14,500 | $437,864 | $80,020 |
| JERE G MICHELSON | PRESIDENT, COO & CFO Officer | 1 | $0 | $413,284 | $74,673 |
| PAUL PIETROPAOLI | EXECUTIVE VICE-PRESIDENT Highest-paid employee | 1 | $0 | $307,561 | $91,570 |
| ERIK K HAYWARD | EXECUTIVE VICE-PRESIDENT Highest-paid employee | 1 | $0 | $307,561 | $74,615 |
| KATHI GIEDRIS | ADMINISTRATIVE ASSISTANT Highest-paid employee | 1 | $0 | $136,121 | $49,302 |
| JENNIFER COOK | ACCOUNTING ASSISTANT Highest-paid employee | 1 | $0 | $136,121 | $48,305 |
| OWEN W WELLS | DIRECTOR Trustee or director | 1 | $14,500 | $115,301 | $51,988 |
| PENDRED E NOYCE | DIRECTOR Trustee or director | 1 | $14,500 | $14,500 | $0 |
| WILLIAM J RYAN | DIRECTOR Trustee or director | 1 | $14,500 | $14,500 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRAIG N DENEKAS | CHAIRMAN & CEO Trustee or director, Officer | 1 | $14,500 | $434,729 | $82,264 |
| JERE G MICHELSON | PRESIDENT, COO & CFO Officer | 1 | $0 | $410,228 | $68,839 |
| PAUL PIETROPAOLI | EXECUTIVE VICE-PRESIDENT Highest-paid employee | 1 | $0 | $290,168 | $83,471 |
| ERIK K HAYWARD | EXECUTIVE VICE-PRESIDENT Highest-paid employee | 1 | $0 | $290,168 | $66,830 |
| OWEN W WELLS | DIRECTOR Trustee or director | 1 | $14,500 | $114,518 | $59,572 |
| KATHI GIEDRIS | ADMINISTRATIVE ASSISTANT Highest-paid employee | 1 | $0 | $130,062 | $44,923 |
| JENNIFER COOK | ACCOUNTING ASSISTANT Highest-paid employee | 1 | $0 | $130,062 | $44,018 |
| WILLIAM J RYAN | DIRECTOR Trustee or director | 1 | $14,500 | $14,500 | $0 |
| PENDRED E NOYCE | DIRECTOR Trustee or director | 1 | $13,500 | $14,500 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 17516, PORTLAND, ME 04112-8516
- In care of
- % LIBRA FOUNDATION
- Principal officer (990 for 2025)
- JERE MICHELSON, PO BOX 17516, PORTLAND, ME 04112
- Signed the 990
- JERE MICHELSON, PRESIDENT
- Phone
- (207) 879-6280
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO HOLD TITLE TO REAL ESTATE ON BEHALF OF LIBRA FOUNDATION; RECEIVE ALL NET RENTAL INCOME AND DISTRIBUTE IT TO LIBRA FOUNDATION.
Program accomplishments
- THE ORGANIZATION RECEIVED NET RENTAL INCOME FROM PROPERTIES HELD FOR LIBRA FOUNDATION.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1811938
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $22,162,555
- Income (IRS master file)
- $130,814
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | -$1,692,974 | $0 | $22,162,555 | XML |
| 990 | December 2024 | -$1,746,942 | $0 | $23,391,537 | IRS |
| 990 | December 2023 | -$1,685,789 | $0 | $24,669,930 | XML |
| 990 | December 2022 | -$2,300,741 | $0 | $26,260,505 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 61-1811938).
Questions about AUGUST CORPORATION
- What is the EIN of AUGUST CORPORATION?
- The employer identification number (EIN) of AUGUST CORPORATION is 61-1811938.
- Is AUGUST CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2018.
- Are donations to AUGUST CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AUGUST CORPORATION 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 AUGUST CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AUGUST CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AUGUST CORPORATION?
- The 990 for the year ended December 31, 2025 names JERE MICHELSON.
- Who are the officers and directors of AUGUST CORPORATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 5 received compensation from the organization, the highest $14,500 (CRAIG N DENEKAS, CHAIRMAN & CEO).
- How much revenue does AUGUST CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of -$1,692,974, expenses of $0 and total assets of $22,162,555 at year end.
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All nonprofits in PORTLAND · Maine · Community improvement and capacity building