Narragansett Number One Foundation
BAR MILLS, ME EIN: 01-0546133
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$5.3M
-2.9% YoY
Annual Giving
$385K
-6.4% YoY
Grant Count
49
+6.5% YoY
Avg Grant Size
$8K
-12.1% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,265,907 | $5,422,988 | $5,443,431 |
| Revenue | $281,594 | $443,047 | $491,235 |
| Expenses | $438,675 | $463,490 | $424,428 |
| Qualifying Distributions | $389,692 | $416,012 | $381,590 |
| Net Investment Income | $237,507 | $400,836 | $450,879 |
| Distributable Amount | $400,468 | $375,195 | $357,382 |
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 2025
Grant Size Distribution
247 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Narragansett Number One Foundation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATRICIA M WALES | PRESIDENT, D | — | — |
| ANGELA H DESRUISSEAUX | SEC./TREAS./ | — | — |
| DAVID DESRUISSEAUX | DIRECTOR | — | — |
| PAMELA H HAINES | DIRECTOR | — | — |
| THOMAS CHARLES HOLDING | DIRECTOR | — | — |
| ERIC P WALES | DIRECTOR | — | — |
| WENDY YORK WALES | DIRECTOR | — | — |
| REID DESRUISSEAUX | DIRECTOR | — | — |
| LIBBY ANNE DESRUISSEAUX | DIRECTOR | — | — |
| ELIZABETH WALES | DIRECTOR | — | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Maine $1.9M (97%)
New Hampshire $22K (1%)
Massachusetts $19K (1%)
Pennsylvania $11K (1%)
Cities
AuburnAugustaBangorBar MillsBathBelfastBiddefordBrewerBridgtonBrooksBrunswickBuxtonCastineCherryfieldCornishDamariscottaDexterDorchesterDoverEast Waterboro
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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