Maine Water Utilities Scholarship is a private foundation focused on Education, based in AUGUSTA, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77K
+73.4% YoY
Annual Giving
$2K
+100.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Maine Water Utilities Scholarship reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Maine Water Utilities Scholarship
Based on IRS filings
Maine Water Utilities Scholarship is a private foundation focused on Education, based in AUGUSTA, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $3K.
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 | $77,174 | $44,496 | $38,410 |
| Revenue | $32,742 | $2,838 | $1,565 |
| Expenses | $2,230 | $1,004 | $2,217 |
| Qualifying Distributions | $2,000 | $1,000 | $2,000 |
| Net Investment Income | $2,651 | $975 | $252 |
| Distributable Amount | $2,959 | $2,028 | $2,060 |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Greta Holmes ($1,000), Izzy Medeiros ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GRETA HOLMES STANFORD, CA | SCHOLARSHIP | $1,000 |
| IZZY MEDEIROS LITTLE COMPTON, RI | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MIKE CUMMONS | PRESIDENT | 1 | — |
| ROGER CROUSE | TREASURER | 1 | — |
| KEITH LEVASSEUR | SECRETARY | 1 | — |
| ANDY BEGIN | VICE PRESIDE | 1 | — |
| BRIAN MCGUIRE | DIRECTOR | 1 | — |
| DAN BURDIN | DIRECTOR | 1 | — |
| SCOTT ABBOTONI | DIRECTOR | 1 | — |
| ROB PONTAU | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Maine Water Utilities Scholarship?
Maine Water Utilities Scholarship is a private foundation focused on Education, based in AUGUSTA, ME. It holds $77K in total assets as of 2024.
How large is Maine Water Utilities Scholarship?
As of 2024, Maine Water Utilities Scholarship holds $77K in total assets with $33K in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does Maine Water Utilities Scholarship operate?
Maine Water Utilities Scholarship has awarded grants in California, Connecticut, Maine, Rhode Island.
What size grants does Maine Water Utilities Scholarship award?
In 2024, Maine Water Utilities Scholarship awarded 2 grants totaling $2K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Maine Water Utilities Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Maine Water Utilities Scholarship reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Maine Water Utilities Scholarship's EIN?
Maine Water Utilities Scholarship's EIN (Employer Identification Number) is 82-1223751. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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