Penquis Cap Inc
The mission is to assist individuals and families in preventing, reducing, or eliminating poverty in their lives, and, through partnerships, to engage the community in addressing economic and social needs.
Penquis Cap Inc at a glance
- Total assets
- $59,266,512
- +13.5% vs 2024
- Revenue (2025)
- $71,166,555
- +7.0% vs 2024
- Net investment income (2025)
- $827,365
- -21.3% vs 2024
- Expenses (2025)
- $67,613,600
- +2.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Penquis Cap Inc funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Penquis Cap Inc gives
- Giving fell 92% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $17K (2023) to $205K (2020). In 2023 it made 1 grant totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Partners for Peace Bangor, ME | To engage individuals and the community to end domestic violence in Penobscot and Piscataquis Counties. | $16,809 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $59,266,512 | $71,166,555 | $67,613,600 | — | — | $827,365 |
| 2024 | $52,196,673 | $66,496,748 | $65,733,828 | — | — | $1,051,435 |
| 2023 | $49,969,668 | $73,415,413 | $71,969,421 | $16,809 | 1 | $675,510 |
| 2022 | $47,696,399 | $95,667,041 | $93,465,672 | $80,220 | 1 | $533,036 |
| 2021 | $52,699,182 | $78,266,068 | $68,721,914 | $89,285 | 1 | $341,349 |
| 2020 | $38,967,615 | $60,528,357 | $55,346,473 | $204,973 | 2 | $274,575 |
| 2019 | $32,051,596 | $54,846,479 | $54,242,474 | $161,086 | 2 | $232,247 |
About Penquis Cap Inc
Based on IRS filings
Penquis Cap Inc is a public charity focused on Human Services, based in Bangor, ME. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $59.3M in total assets. Net investment income was $827K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Penquis Cap Inc is led by Kara Hay, Chief Executive Officer on every filing since 2019; 8 of 23 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kara Hay
Chief Executive Officer
On filings since 2019
38 hrs/week
$155K (2019) → $262K (2025)
Laura Sanborn
Chair
Director → Vice Chair, 2022
Vice Chair → Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
Janeen Feero
Development Director
On filings since 2020
40 hrs/week
$113K (2020) → $158K (2025)
Jennifer Giosia
Director - Hes
Housing & Energy Services Director → Director - Hes, 2022
On filings since 2021
40 hrs/week
$108K (2021) → $167K (2025)
Steven Richard
Director - Transportation
Transportation Services Director → Director - Transporation, 2022
Director - Transporation → Director - Transportation, 2024
On filings since 2021
40 hrs/week
$103K (2021) → $157K (2025)
Jason Bird
Director - Hd
On filings since 2022
22 hrs/week
$106K (2022) → $137K (2025)
Danielle Goodale
Director - Hr
On filings since 2023
40 hrs/week
$121K (2023) → $144K (2025)
Mark Leonard
Director
Vice Chair → Chair, 2022
Chair → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Brent Folster
Director
On filings since 2020
1 hr/week
No compensation reported
David Green
Director
On filings since 2020
1 hr/week
No compensation reported
Amy Sue McGill
Director
On filings since 2021
1 hr/week
No compensation reported
William Thompson
Director
On filings since 2021
1 hr/week
No compensation reported
Angela Fileccia
Director
On filings since 2022
1 hr/week
No compensation reported
Cynthia Gardner
Director
On filings since 2022
1 hr/week
No compensation reported
Joseph Leonard
Director
On filings since 2022
1 hr/week
No compensation reported
Patrick Polky
Director
On filings since 2023
1 hr/week
No compensation reported
Heather Blackwell
Director
On filings since 2024
1 hr/week
No compensation reported
Breanna Stewart
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jessica Taylor
Director
New on the 2025 filing
1 hr/week
No compensation reported
Denice Conary
Chief Financial Officer
On filings since 2019
39 hrs/week
$122K (2019) → $197K (2025)
Heidi Leblanc
Chief Operating Officer
On filings since 2019
39 hrs/week
$108K (2019) → $173K (2025)
Connie Putnam
Secretary
Board Member → Director, 2020
Director → Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Kevin Gregory
Vice Chair
Director → Vice Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Former officers (24)
- Former: Mary Prybylo (2019–2024) — Director
- Former: Laura Mellits (2020–2024) — Director
- Former: Keith Romprey (2021–2023) — Director
- Former: Susan Phillips-Worman (2021–2023) — Past Director
- Former: Anette Moulton (2019–2022) — Past Director
- Former: Sarah Dubay (2019–2022) — Past Chair
- Former: Chris Young (2020–2022) — Past Director
- Former: Judith Alexander (2020–2022) — Past Director
- Former: Tamar Mathieu (2022) — Director - Fes
- Former: Geneva Libby (2019–2021) — Past Secretary
- Former: Laura Pelletier (2019–2021) — Past Director
- Former: Chris Linder (2020–2021) — Past CEO - Mainestream Finance
- Former: Cindy Freeman (2020–2021) — Past Director
- Former: Corina Rackliff (2020–2021) — Director
- Former: Julie Patchell (2020–2021) — Past Director
- Former: Marcia Larkin (2021) — Lynx Mobility Services Director
- Former: Ann Matlack (2019–2020) — Past Chair
- Former: Bruce Hodsdon (2019–2020) — Past Director
- Former: Dan Tremble (2019–2020) — Past Director
- Former: Danielle Hewes (2019–2020) — Past Director
- Former: Dawn Merrill (2019–2020) — Past Director
- Former: Field Glover (2019–2020) — Chief Administrative Officer
- Former: Gregory Swett (2019–2020) — Past Director
- Former: Stephen Stanley (2019–2020) — Past Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $262K, to Kara Hay (Chief Executive Officer). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Penquis Cap Inc
How large is Penquis Cap Inc?
Penquis Cap Inc reported $59.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $71.2M.
What is Penquis Cap Inc?
Penquis Cap Inc is a public charity focused on Human Services, based in Bangor, ME. It holds $59.3M in total assets as of 2025.
Where does Penquis Cap Inc operate?
Penquis Cap Inc has awarded grants in Maine.
What is Penquis Cap Inc's EIN?
Penquis Cap Inc's EIN (Employer Identification Number) is 01-6023748. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 12, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Penquis Cap Inc's focus areas in our free grants database
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