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.
Key facts about Androscoggin Bank's Mainstreet Fdn
- EIN
- 31-1573495
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $78,000
- Grants made (2024)
- 20
- Average grant
- $3,900
- Median grant
- $3,000
- New grantees (estimate)
- 84% first-time grantees (16 of 19, 2024)
- Total assets
- $689,867
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Androscoggin Bank's Mainstreet Fdn funds
By grant dollars, the top recipient states for Androscoggin Bank's Mainstreet Fdn's 20 itemized 2024 grants were Maine (100%). The most frequent recipient cities were Portland, ME (7 grants), Lewiston, ME (4 grants) and Brunswick, ME (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Androscoggin Bank's Mainstreet Fdn open to new grantees?
84%
first-time grantees, 2024
In 2024, 16 of 19 grantees (84%) were first-time recipients. First grants averaged $4K; repeat grants $3K. How we count
Medians: $3K first-time, $3K repeat.
- 11% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 155% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Androscoggin Bank's Mainstreet Fdn
- How to evaluate Androscoggin Bank's Mainstreet Fdn as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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- Track this opportunity in a free grant tracker
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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
Ready to take the next step with Androscoggin Bank's Mainstreet Fdn?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 20 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include The Root Cellar ($25,000), Big Brothers Sisters ($8,000 across 2 grants), Maine Boys to Men ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE ROOT CELLAR Lewiston, ME | GENERAL FINANCIAL SUPPORT | $25,000 |
| BIG BROTHERS SISTERS Camden, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| MAINE BOYS TO MEN Portland, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| INDIGO ARTS ALLIANCE Portland, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| ST MARY'S NUTRITION CENTER Lewiston, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| BIG BROTHERS SISTERS Brunswick, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| THE YELLOWTULIP PROJECT Portland, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| OLYMPIA SNOW WOMEN'S LEADERSHIP INS Portland, ME | GENERAL FINANCIAL SUPPORT | $4,000 |
| SOMALI BANTU COMMUNITY ASSOC Lewiston, ME | GENERAL FINANCIAL SUPPORT | $3,000 |
| ICNA RELIEF USA PROGRAM Poland, ME | GENERAL FINANCIAL SUPPORT | $3,000 |
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
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.