Penobscot River Trails Inc
Penobscot River Trails Inc is a private foundation focused on Environment & Animals, based in Great Neck, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.6M in total assets. In 2024, it made $761K in qualifying distributions. Net investment income was $4.
Penobscot River Trails Inc at a glance
- Total assets
- $20,591,835
- +0.1% vs 2023
- Revenue (2024)
- $778,672
- -17.1% vs 2023
- Qualifying distributions (2024)
- $761,310
- +22.6% vs 2023
- Expenses (2024)
- $761,310
- +22.6% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $20,591,835 | $778,672 | $761,310 | $761,310 | $4 | $8,925 |
| 2023 | $20,562,756 | $939,733 | $621,062 | $621,062 | $7 | $9,267 |
| 2022 | $20,276,462 | $700,372 | $499,521 | $499,516 | — | $7,120 |
| 2021 | $20,072,347 | $484,749 | $316,845 | $316,835 | — | $4,638 |
| 2020 | $19,890,477 | $665,339 | $336,872 | — | $1 | $3,813 |
Under IRS private-foundation payout rules, Penobscot River Trails Inc reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Penobscot River Trails Inc is led by Gilbert Butler, President, Treasurer & Director since 2021 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gilbert Butler
President, Treasurer & Director
President & Treasurer → President, Treasurer & Director, 2021
On filings since 2020
2 hrs/week
No compensation reported
Anthony Grassi
Director
On filings since 2020
1 hr/week
No compensation reported
Robert Charles Howe
Director
On filings since 2023
3 hrs/week
No compensation reported
Dan Pittman
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Jennifer McGovern
Controller
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (10)
- Former: Jennifer McGovern-Elected (2023) — Controller
- Former: Joseph Mancari (2023) — Controller · Filing note: Resigned 91123
- Former: Carl Carlson (2020–2022) — Executive Director · Filing note: Resigned 051922
- Former: Dana Beach (2020–2022) — Director · Filing note: Resigned 51922
- Former: Gregory Galgano (2021–2022) — Controller · Filing note: Resigned 31122
- Former: Jared Belfer- Service (2022) — Project Accountant · Filing note: Thru 11722
- Former: Joseph Mancari-Elected (2022) — Controller
- Former: Robert Charles Howe-Elected (2022) — Director
- Former: Jared Belfer (2020–2021) — Project Accountant
- Former: Greg Galgano (2020) — Controller
Data from IRS Form 990 filings, 2020–2024. "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 Penobscot River Trails Inc
How large is Penobscot River Trails Inc?
Penobscot River Trails Inc reported $20.6M in total assets on its 2024 IRS Form 990-PF. It paid out $761K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
What is Penobscot River Trails Inc?
Penobscot River Trails Inc is a private foundation focused on Environment & Animals, based in Great Neck, NY. It holds $20.6M in total assets as of 2024.
What is Penobscot River Trails Inc's EIN?
Penobscot River Trails Inc's EIN (Employer Identification Number) is 83-1798734. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Penobscot River Trails Inc funds
Environment & Animals Open opportunities, soonest deadline first.
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