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Squirrel Island Preservation Foundation C/O Pierce Atwood Llp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222875544 ✦ Portland, ME ✦ Designated as a 501(c)(3)

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Overview

What is Squirrel Island Preservation Foundation C/O Pierce Atwood Llp?

Squirrel Island Preservation Foundation C/O Pierce Atwood Llp is a non-profit organization based in Portland, Maine. Their primary focus is on supporting resource conservation, education, health, culture, and public facilities for Squirrel Island, Maine. They accomplish this by distributing funds, grants, and allocations to the Squirrel Island Village Corporation and other non-profit organizations, in line with their stated mission. Their activities are geared towards achieving various goals, though specific details about these objectives were not provided in the information.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

The Squirrel Island Preservation Foundation has received a two-star rating from Charity Navigator, indicating that it is in need of improvement in certain areas. While the organization scores well in aspects such as having an independent board and a strong program expense ratio, it has notable shortcomings regarding transparency and governance policies. The overall score of 73% reflects a solid foundation but highlights areas that require attention.

Strengths include a fully independent board and excellent management of assets, as indicated by a favorable liabilities to assets ratio. The organization demonstrates a commitment to its programs, as evidenced by its high program expense ratio, which suggests that a significant portion of its resources is directed toward its mission. However, the lack of essential governance policies such as a conflict of interest policy and a whistleblower policy raises concerns about its operational transparency and accountability.

Limitations are primarily centered around missing documentation and policies that are critical for ensuring trust and accountability. The absence of these policies could impact stakeholder confidence and suggests a need for the organization to enhance its governance framework. Addressing these issues will be vital for the Squirrel Island Preservation Foundation to improve its rating and effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Squirrel Island Preservation Foundation C/O Pierce Atwood Llp legitimate?

Squirrel Island Preservation Foundation C/O Pierce Atwood Llp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Squirrel Island Preservation Foundation C/O Pierce Atwood Llp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp?

The Squirrel Island Preservation Foundation, through Pierce Atwood Llp, seeks to uphold a mission that emphasizes resource conservation, education, health, culture, and the improvement of public facilities. Their objective is to allocate funds, grants, and allocations to various organizations, including the Squirrel Island Village Corporation, in order to achieve the goals outlined in their mission, aimed at benefiting the island community as a whole.

Who is the CEO of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp?

William Thomas is the Trustee of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp.

What is the revenue of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp?

Squirrel Island Preservation Foundation C/O Pierce Atwood Llp's revenue in 2022 was $651,008.

Who are the executives of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp and what are their salaries?

There 7 volunteers at Squirrel Island Preservation Foundation C/O Pierce Atwood Llp.


Here are 7 key members and their salaries:


Paula Bokesch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randall Hack (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Howaniec (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Morton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Thomas (President & Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Splaine (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina H Garrison (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Squirrel Island Preservation Foundation C/O Pierce Atwood Llp?

Squirrel Island Preservation Foundation C/O Pierce Atwood Llp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp

The Squirrel Island Preservation Foundation, a non-profit entity, is dedicated to preserving and enhancing the resources, education, health, culture, and public facilities of Squirrel Island. This organization strives to achieve its mission by providing funds, grants, and allocations to various non-profit organizations on the island, with the ultimate goal of achieving the objectives outlined in its mission statement. Through these efforts, the Squirrel Island Preservation Foundation aims to contribute significantly to the overall well-being and development of the island community.

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Impact




June, 2024

Squirrel Island Preservation Foundation, facilitated by Pierce Atwood Llp, plays a crucial role in supporting resource conservation, education, health, culture, and public facilities on Squirrel Island, Maine. Through funds, grants, and allocations, this organization contributes towards enhancing the quality of life and preserving the natural environment of the island. Its impact extends to providing necessary resources for the Squirrel Island Village Corporation and other non-profit organizations, helping them achieve the shared goals and objectives outlined in the foundation's mission statement.




This information is meant to be a general summary of Squirrel Island Preservation Foundation C/O Pierce Atwood Llp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$651,008 (2022)
Expenses
$374,156 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $620,240
  • Gross Receipts: $4,625,133

Assets and Liabilities:

  • Total Assets: $7,931,359
  • Total Liabilities: $0
  • Net Assets: $7,931,359

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Organization Details

Founding Year

1988

Principal Officer

William Thomas

Main Address

254 Commercial Street, Portland, ME, 04101

NTEE Category

Code: C340 - Environment

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