First Federal Savings and Loan Assn
First Federal Savings and Loan Assn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BATH, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $18K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$338K
+7.7% YoY
Annual Giving
$18K
+40.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$9K
+110.0% YoY
Under IRS private-foundation payout rules, First Federal Savings and Loan Assn reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About First Federal Savings and Loan Assn
Based on IRS filings
First Federal Savings and Loan Assn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BATH, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $18K.
Focus Areas
Ready to take the next step with First Federal Savings and Loan Assn?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $337,939 | $313,663 | $187,334 |
| Revenue | $20,942 | $106,351 | $831 |
| Expenses | $20,881 | $14,522 | $16,183 |
| Qualifying Distributions | $17,700 | $12,500 | $14,300 |
| Net Investment Income | $17,761 | $3,500 | $2,050 |
| Distributable Amount | $16,112 | $11,143 | $10,101 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bath Area Family Ymca ($15,000), Midcoast Youth Center ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| MIDCOAST YOUTH CENTER BATH, ME | EDUCATIONAL | $2,500 |
| BATH AREA FAMILY YMCA BATH, ME | EDUCATIONAL | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW PERRY | PRESIDENT/TREASURER | 1 | — |
| JOHN DESJARDINS | SECRETARY | 1 | — |
| THOMAS BERRY | TRUSTEE | 1 | — |
| ERIC ALLEN | TRUSTEE | 1 | — |
| HEATHER ALLEN | TRUSTEE | 1 | — |
| ALEX LOGAN | TRUSTEE | 1 | — |
| ETHAN WHITAKER | TRUSTEE | 1 | — |
| MATTHEW NEWMAN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is First Federal Savings and Loan Assn?
First Federal Savings and Loan Assn is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BATH, ME. It holds $338K in total assets as of 2024.
How large is First Federal Savings and Loan Assn?
As of 2024, First Federal Savings and Loan Assn holds $338K in total assets with $21K in annual revenue. It awarded 2 grants totaling $18K in 2024.
Where does First Federal Savings and Loan Assn operate?
First Federal Savings and Loan Assn has awarded grants in Maine.
What size grants does First Federal Savings and Loan Assn award?
In 2024, First Federal Savings and Loan Assn awarded 2 grants totaling $18K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is First Federal Savings and Loan Assn required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, First Federal Savings and Loan Assn reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in First Federal Savings and Loan Assn'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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