First Federal Savings and Loan Assn
First Federal Savings and Loan Assn is a private foundation, based in Bath, ME. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $360K in total assets. In 2025, it awarded 2 grants totaling $20K. Net investment income was $122K.
First Federal Savings and Loan Assn at a glance
In short: First Federal Savings and Loan Assn gave $20K across 2 grants in 2025 (avg $10K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,000
- +14.3% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $10,000
- +14.3% vs 2024
- Median grant
- $10,000
- Total assets
- $360,047
- +6.5% vs 2024
- Primary geography
- Maine (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who First Federal Savings and Loan Assn funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Bath Area Family YMCA ($15K). Together the top 2 received $20K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How First Federal Savings and Loan Assn gives
- Giving grew 40% from 2022 to 2025. Method
- In 2025 it paid out 128% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2020) to $45K (2021). In 2025 it made 2 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bath Area Family YMCA Bath, ME | Educational | $15,000 |
| Central Lincoln County YMCA Damariscotta, ME | Educational | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $360,047 | $125,152 | $23,280 | $20,000 | 2 | $20,000 | $121,872 | $15,683 |
| 2024 | $337,939 | $20,942 | $20,881 | $17,500 | 2 | $17,700 | $17,761 | $16,112 |
| 2023 | $313,663 | $106,351 | $14,522 | $12,500 | 3 | $12,500 | $3,500 | $11,143 |
| 2022 | $187,334 | $831 | $16,183 | $14,300 | 4 | $14,300 | $2,050 | $10,101 |
| 2021 | $241,619 | $13,407 | $47,142 | $45,000 | 1 | $45,000 | $11,265 | $11,238 |
| 2020 | $260,397 | $77,522 | $11,898 | $10,000 | 1 | — | $5,621 | $10,374 |
Under IRS private-foundation payout rules, First Federal Savings and Loan Assn reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
First Federal Savings and Loan Assn is led by Andrew Perry, President & Treasurer on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrew Perry
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Alex Logan
Trustee
On filings since 2020
1 hr/week
No compensation reported
Eric Allen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Ethan Whitaker
Trustee
On filings since 2020
1 hr/week
No compensation reported
Matthew Newman
Trustee
On filings since 2020
1 hr/week
No compensation reported
Thomas Berry
Trustee
On filings since 2020
1 hr/week
No compensation reported
Heather Allen
Trustee
On filings since 2022
1 hr/week
No compensation reported
John Desjardins
Secretary
Trustee → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (3)
- Former: Betty Jane Simpson (2020) — Secretary
- Former: Donald Hill (2020) — Trustee
- Former: Lawrence Dawson (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about First Federal Savings and Loan Assn
How much does First Federal Savings and Loan Assn give each year?
First Federal Savings and Loan Assn gave $20K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 2 grants.
How large is First Federal Savings and Loan Assn?
First Federal Savings and Loan Assn reported $360K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
Where does First Federal Savings and Loan Assn operate?
First Federal Savings and Loan Assn has awarded grants in Maine.
What is First Federal Savings and Loan Assn's EIN?
First Federal Savings and Loan Assn's EIN (Employer Identification Number) is 30-0214650. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in First Federal Savings and Loan Assn's focus areas in our free grants database
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