Marginal Way Preservation Fund
The Marginal Way Preservation Fund is a non-profit organization that raises money to fund an endowment whose mission it is to fund projects to repair, preserve and beautify the scenic coastal walkway located in the town of ogunquit, Maine, more particularly known as the marginal way. The marginal way was officially placed on the national register of historic places by the united states department of the interior on march 23, 2022, and is visited by hundreds of thousands of people each year who walk the path.
Marginal Way Preservation Fund at a glance
- Total assets
- $4,312,019
- +23.6% vs 2023
- Revenue (2024)
- $1,023,827
- +35.7% vs 2023
- Net investment income (2024)
- $202,034
- +121.6% vs 2023
- Expenses (2024)
- $291,967
- -8.2% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Marginal Way Preservation Fund funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $5K (2021) to $54K (2020). In 2023 it reported $51K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Relief Grant | — | $53,987 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $4,312,019 | $1,023,827 | $291,967 | — | — | $202,034 |
| 2023 | $3,489,192 | $754,364 | $318,210 | $51,177 | Total only | $91,160 |
| 2022 | $2,834,985 | $704,289 | $201,247 | — | — | $117,605 |
| 2021 | $2,629,895 | $847,385 | $180,208 | $4,500 | Total only | $114 |
| 2020 | $1,742,309 | $371,886 | $147,669 | $53,987 | 1 | $67 |
| 2019 | $1,514,394 | $296,869 | $123,117 | — | — | $46 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Marginal Way Preservation Fund
Based on IRS filings
Marginal Way Preservation Fund is a public charity focused on Environment & Animals, based in Ogunquit, ME. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $4.3M in total assets. Net investment income was $202K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Marginal Way Preservation Fund is led by John Phinney, President Em since 2024 (on filings since 2019); 1 of 21 officers listed in 2024 is compensated.
Officers on the 2024 filing
John Phinney
President Em
Vice President → President, 2021
President → President Em, 2024
On filings since 2019
2 hrs/week
No compensation reported
Charlie Hindmarsh
President
Director → Vice President, 2021
Vice President → President, 2024
On filings since 2020
4 hrs/week
No compensation reported
Allison Ramsey
Executive Di
Executive Director → Executive Di, 2022
On filings since 2020
40 hrs/week
$27K (2020) → $120K (2024)
Barbara O'Leary
Secretary
Director → Secretary, 2020
On filings since 2019
4 hrs/week
No compensation reported
Carol Leary
Board Member
President → President Em, 2021
President Em → Board Member, 2024
On filings since 2019
2 hrs/week
No compensation reported
Nan Ramsey
Board Member
Director → Board Member, 2021
On filings since 2019
2 hrs/week
No compensation reported
Jim Oliver
Board Member
Director → Board Member, 2021
On filings since 2020
2 hrs/week
No compensation reported
Lauren Hajjar
Board Member
Director → Board Member, 2021
On filings since 2020
2 hrs/week
No compensation reported
Mary Kett
Board Member
Director → Board Member, 2021
On filings since 2020
2 hrs/week
No compensation reported
Scoop Carlile
Board Member
Director → Board Member, 2021
On filings since 2020
2 hrs/week
No compensation reported
Sumner Nystedt
Board Member
Director → Board Member, 2021
On filings since 2020
2 hrs/week
No compensation reported
Bill Sawyer
Vice President
Board Member → Vice President, 2024
On filings since 2021
4 hrs/week
No compensation reported
Christopher Mello
Treasurer
On filings since 2021
4 hrs/week
No compensation reported
Lisa Emerson-Stoclet
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Louesa Gillespie
Board Member
On filings since 2021
2 hrs/week
No compensation reported
Katlyn Mitsch
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Charlie Smith
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Eric Stoclet
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Kate Manko
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Paul Kapela
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Wendy Barbrick
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (4)
- Former: Lousea Gillespie (2019–2020) — Director
- Former: Paul Breen (2019–2020) — President Emeritus
- Former: Kate Mitsch (2020) — Treasurer
- Former: Jeanne Roche (2019) — Executive Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $120K, to Allison Ramsey (Executive Di).
Frequently asked questions about Marginal Way Preservation Fund
How large is Marginal Way Preservation Fund?
Marginal Way Preservation Fund reported $4.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.0M.
What is Marginal Way Preservation Fund?
Marginal Way Preservation Fund is a public charity focused on Environment & Animals, based in Ogunquit, ME. It holds $4.3M in total assets as of 2024.
What is Marginal Way Preservation Fund's EIN?
Marginal Way Preservation Fund's EIN (Employer Identification Number) is 01-0957572. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 20, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Marginal Way Preservation Fund's focus areas in our free grants database
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Marginal Way Preservation Fund down — hundreds of funders to go?