Androscoggin Bank's Mainstreet Fdn
Androscoggin Bank's Mainstreet Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $690K in total assets. In 2024, it awarded 20 grants totaling $78K. Net investment income was $87K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$690K
+4.3% YoY
Annual Giving
$78K
-38.9% YoY
Grant Count
20
+0.0% YoY
Avg Grant Size
$4K
-38.9% YoY
Under IRS private-foundation payout rules, Androscoggin Bank's Mainstreet Fdn reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
About Androscoggin Bank's Mainstreet Fdn
Based on IRS filings
Androscoggin Bank's Mainstreet Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $690K in total assets. In 2024, it awarded 20 grants totaling $78K. Net investment income was $87K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $689,867 | $661,725 | $732,161 |
| Revenue | $118,109 | $68,472 | $19,944 |
| Expenses | $89,967 | $138,908 | $82,381 |
| Qualifying Distributions | $84,000 | $133,348 | $76,457 |
| Net Investment Income | $87,142 | $32,912 | $15,238 |
| Distributable Amount | $54,113 | $51,041 | $52,014 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
100 grants across all recorded years
Open Grants
2 open opportunities from Androscoggin Bank's Mainstreet Fdn
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Root Cellar ($25,000), Big Brothers Sisters ($4,000), Maine Boys to Men ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG BROTHERS SISTERS CAMDEN, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| MAINE BOYS TO MEN PORTLAND, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| SOMALI BANTU COMMUNITY ASSOC LEWISTON, ME | GENERAL FINANCIAL SUPPORT | $3,000 |
| INDIGO ARTS ALLIANCE PORTLAND, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| ALAN DAY COMMUNITY GARDEN NORWAY, ME | GENERAL FINANCIAL SUPPORT | $1,000 |
| INTERCULTURAL COMMUNITY CENTER WESTBROOK, ME | GENERAL FINANCIAL SUPPORT | $2,500 |
| JAY-NILES MEMORIAL LIBRARY JAY, ME | GENERAL FINANCIAL SUPPORT | $1,000 |
| I'M YOUR NEIGHBOR BOOKS PORTLAND, ME | GENERAL FINANCIAL SUPPORT | $2,500 |
| FOOD FOR ALL SERVICES PORTLAND, ME | GENERAL FINANCIAL SUPPORT | $2,000 |
| ARTS ARE ELEMENTARY BRUNSWICK, ME | GENERAL FINANCIAL SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Androscoggin Bank's Mainstreet Fdn?
Androscoggin Bank's Mainstreet Fdn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PORTLAND, ME. It holds $690K in total assets as of 2024.
How large is Androscoggin Bank's Mainstreet Fdn?
As of 2024, Androscoggin Bank's Mainstreet Fdn holds $690K in total assets with $118K in annual revenue. It awarded 20 grants totaling $78K in 2024.
Where does Androscoggin Bank's Mainstreet Fdn operate?
Androscoggin Bank's Mainstreet Fdn has awarded grants in Illinois, Maine.
What size grants does Androscoggin Bank's Mainstreet Fdn award?
In 2024, Androscoggin Bank's Mainstreet Fdn awarded 20 grants totaling $78K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Androscoggin Bank's Mainstreet Fdn required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Androscoggin Bank's Mainstreet Fdn reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Androscoggin Bank's Mainstreet Fdn's EIN?
Androscoggin Bank's Mainstreet Fdn's EIN (Employer Identification Number) is 31-1573495. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Androscoggin Bank's Mainstreet Fdn's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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