MACHIAS SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- MACHIAS SAVINGS BANK COMMUNITY DEVELOPMENT FOUNDATION (EIN 01-0514175)
- Tax period
- 2025-01-01 to 2025-12-31
- Filed
- 2026-04-16
- IRS object ID
- 202621069349100522
- Schema version
- 2025v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-04-16T13:42:25-05:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010494526 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Newman Noyes | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 507 | AddressLine1Txt |
| City | Portland | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010514175 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Machias Savings Bank Community | BusinessNameLine1Txt |
| Business Name Line2 | Development Foundation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MACH | BusinessNameControlTxt |
| Phone | 2072553347 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 318 | AddressLine1Txt |
| City | Machias | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04654 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lawrence L Barker | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 2072553347 | PhoneNum |
| Signature | 2026-03-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Connor Smart | PreparerPersonNm |
| PTIN | P02285543 | PTIN |
| Phone | 2078792100 | PhoneNum |
| Preparation | 2026-03-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,002,004 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $139 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $139 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $59,251 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $59,251 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $454,629 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,112,582 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $454,629 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $514,019 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $514,019 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $1,800 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $900 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $900 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $6,844 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $6,844 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $17,481 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $147 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $26,125 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $7,891 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $900 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $205,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $205,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $231,125 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $7,891 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $205,900 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $282,894 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $506,128 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,090 | CashBOYAmt |
| Cash EOY | $28,190 | CashEOYAmt |
| Cash EOYFMV | $28,190 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $43,719 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $45,371 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $45,371 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $3,896,609 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,555,036 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $5,331,451 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $537,517 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $537,560 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $59,432 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $59,432 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $3,942,418 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,225,546 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,002,004 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $3,404,153 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,942,418 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $538,265 | RetainedEarningBOYAmt |
| Retained Earning EOY | $283,128 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,942,418 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,225,546 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,942,418 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,225,546 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,942,418 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $282,894 | ExcessRevenueOverExpensesAmt |
| Other Increases | $234 | OtherIncreasesAmt |
| Subtotal | $4,225,546 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,225,546 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly Traded Securities | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $2,112,582 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,657,953 | CostOrOtherBasisAmt |
| Gain Or Loss | $454,629 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $454,629 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $454,629 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $7,035 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $7,035 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $7,035 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,400 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,400 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,365 | OverpaymentAmt |
| Applied To ES Tax | $3,365 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | ME | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | https://www.machiassavings.bank/community/ | WebsiteAddressTxt |
| Individual With Books | Nick Ireland | IndividualWithBooksNm |
| Phone | 2079898355 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Machias Savings Bank 4 Center | AddressLine1Txt |
| Address Line2 | St | AddressLine2Txt |
| City | Machias | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 046540318 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Telford Allen III | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| LuAnn Ballesteros | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Chris Fitzpatrick | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Robert W Foster | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Brent K Hartley | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Zachary Means | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Donald E Reynolds | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Oliver Smith | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director | 0.20 | $0 | $0 | $0 |
| Lawrence L Barker | ||||||||
| PO Box 318 | Machias | ME | 04654 | Director/President/Treasurer | 0.20 | $0 | $0 | $0 |
| Matthew J Walsh | ||||||||
| PO Box 318 | Machias | ME | 04654 | Treasurer (end 10/2025) | 0.20 | $0 | $0 | $0 |
| Nathan J Martell | ||||||||
| PO Box 318 | Machias | ME | 04654 | Secretary | 0.20 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $5,036,560 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $433,878 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,470,438 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,470,438 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $82,057 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,388,381 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $269,419 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $269,419 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $7,035 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $7,035 | TotalTaxAmt |
| Distributable Before Adj | $262,384 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $262,384 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $262,384 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $205,900 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $205,900 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $262,384 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $255,909 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr2 | $45,438 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $301,347 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $205,900 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $205,900 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $56,484 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $56,484 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $244,863 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $199,425 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $45,438 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $45,438 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Melissa Moffett Denbow Community Ex | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 318 | AddressLine1Txt |
| City | Machias | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04654 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 2072559266 | RecipientPhoneNum |
| Recipient Email Address | mdenbow@machiassavings.com | RecipientEmailAddressTxt |
| Form And Info And Materials | Potential applicants may learn about and apply for funding through the Machias Savings Bank website, at: https://www.machiassavings.bank/donations-and-sponsorships-guidelines/ Applicants will be asked to describe their organization and why they are deserving of funding. The Foundation will prioritize projects that help improve the lives of our community members. Priorities are given to the following: financial health, basic needs, low to moderate income programming, workforce development, entrepreneurship, broadband connectivity, childcare, and youth programming. The applicant must demonstrate the ability to carry out the objectives cited in the grant application. Applicants will need to attach all supporting documentation and include a copy of their 501(c)(3) determination letter from the IRS. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | The Foundation grants are awarded twice each year. | SubmissionDeadlinesTxt |
| Restrictions On Awards | The Foundation only makes grants to qualified 501(c)(3) organizations. A nonprofit may apply for a donation from the Machias Savings Bank and still be eligible for a grant from the Foundation. Awards are generally limited to organizations operating in the service areas of Machias Savings Bank. The Foundation does not award donations to religious or political organizations, unless the programming is for food insecurity or to advance financial health. The Foundation also does not award donations to individuals. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Avesta Housing Development Corporation | |||||||
| 307 Cumberland Avenue | Portland | ME | 04101 | N/A | PC | Program Support Grant | $5,000 |
| Boys & Girls Club of Bangor | |||||||
| 161 Davis Road | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $2,500 |
| Coastal Enterprises Inc | |||||||
| 30 Federal Street | Brunswick | ME | 04011 | N/A | PC | Program Support Grant | $2,500 |
| Community Care | |||||||
| PO Box 936 | Bangor | ME | 04402 | N/A | PC | Program Support Grant | $2,500 |
| Downeast Institute for Applied Marine Research | |||||||
| PO Box 83 | Beals | ME | 04611 | N/A | PC | Program Support Grant | $2,500 |
| Families First Community Center | |||||||
| 41 North Street | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $5,000 |
| Friends of the Veterans' Memorial Library | |||||||
| PO Box 898 | Patten | ME | 04765 | N/A | PC | Program Support Grant | $2,500 |
| Galen Cole Family Foundation Inc | |||||||
| 359 Perry Road | Bangor | ME | 04401 | N/A | POF | Program Support Grant | $2,500 |
| Healthy Acadia | |||||||
| PO Box 1710 | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $2,500 |
| Homeless Services of Aroostook | |||||||
| PO Box 1753 | Presque Isle | ME | 04769 | N/A | PC | Program Support Grant | $10,000 |
| Information Technology Exchange Give IT Get IT | |||||||
| PO Box 589 | Searsport | ME | 04974 | N/A | PC | Program Support Grant | $5,000 |
| Jobs For Maine Graduates Inc | |||||||
| 65 Stone Street | Augusta | ME | 04330 | N/A | PC | Program Support Grant | $25,000 |
| Lift All Boats | |||||||
| 68 Commercial Street | Portland | ME | 04101 | N/A | PC | Program Support Grant | $10,000 |
| Literacy Volunteers of Bangor | |||||||
| 354 Hogan Road | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $2,500 |
| Lubec Community Outreach Center Inc | |||||||
| PO Box 41 | Lubec | ME | 04652 | N/A | PC | Program Support Grant | $2,500 |
| Maine Lobstermen's Community Alliance | |||||||
| PO Box 315 | Kennebunk | ME | 04043 | N/A | PC | Program Support Grant | $50,000 |
| Midcoast Habitat For Humanity | |||||||
| 799 West Street | Rockport | ME | 04563 | N/A | PC | Program Support Grant | $5,000 |
| Mount Desert Nursing Association | |||||||
| PO Box 397 | Northeast Harbor | ME | 04662 | N/A | PC | Program Support Grant | $2,500 |
| Northern Light Maine Coast Hospital | |||||||
| 50 Union Street | Ellsworth | ME | 04605 | N/A | PC | Program Support Grant | $5,000 |
| Olympia Snowe Women's Leadership Institute | |||||||
| One Monument Square 502 | Portland | ME | 04101 | N/A | PC | Program Support Grant | $10,000 |
| Penquis CAP Inc | |||||||
| 262 Harlow Street | Bangor | ME | 04401 | N/A | PC | Program Support Grant | $20,000 |
| Preble Street | |||||||
| 55 Portland Street | Portland | ME | 04101 | N/A | PC | Program Support Grant | $5,000 |
| ProsperityME | |||||||
| 175 Lancaster Street 216A | Portland | ME | 04104 | N/A | PC | Program Support Grant | $2,500 |
| Rural Aspirations Project | |||||||
| 197 Nickerson Road | Swanville | ME | 04915 | N/A | PC | Program Support Grant | $5,000 |
| The Northern Lighthouse Inc | |||||||
| 172 Academy Street | Presque Isle | ME | 04769 | N/A | PC | Program Support Grant | $2,500 |
| Town of Machias | |||||||
| 7 Court Street | Machias | ME | 04654 | N/A | GOV | Program Support Grant | $10,000 |
| United Way of Southern Maine | |||||||
| 550 Forest Avenue | Portland | ME | 04101 | N/A | PC | Program Support Grant | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $205,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $139 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $59,251 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $454,629 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $514,019 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $514,019 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Tax preparation fees | CategoryTxt |
| Amt | $1,800 | Amt |
| Net Investment Income | $900 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $900 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Galen Cole Family Foundation Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 359 Perry Road | AddressLine1Txt |
| City | Bangor | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2025-12-31 | GrantDt |
| Grant | $2,500 | GrantAmt |
| Purpose Of Grant | The Galen Cole Family Foundation (the "Cole Foundation") is a 501(c)(3) tax-exempt private operating foundation. The Cole Foundation promotes and furthers educational and veterans support programs in and around central Maine. During the tax year ending December 2025, the Machias Savings Bank Community Development Foundation (the "Foundation") paid the Cole Foundation a grant of $2,500 for its veterans' home heating and oil assistance program, which reaches over 100 individual veterans. The Foundation therefore believes this award and program to advance a charitable purpose in alignment with the Foundation's exempt mission. | PurposeOfGrantTxt |
| Expended By Grantee | $2,500 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | None to the Foundation's knowledge | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | Final report was received on March 23, 2026. | DatesOfReportsByGranteeTxt |
| Verification | 2026-03-23 | VerificationDt |
| Results Of Verification | Final reports were received in March 2026. Based on the information provided to the Foundation and to the best of its knowledge, all awarded funds were utilized by the Cole Foundation for their intended charitable purposes. | ResultsOfVerificationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (4 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 5550 shares IBDR | $134,407 | $134,477 |
| 5535 shares IBDS | $134,385 | $134,390 |
| 5873 shares IBTG | $134,344 | $134,345 |
| 5979 shares IBTH | $134,381 | $134,348 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (28 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 619 shares ABBV | $86,436 | $141,435 |
| 641 shares ACN | $184,557 | $171,980 |
| 1358 shares GOOG | $169,134 | $426,140 |
| 1494 shares AMZN | $274,948 | $344,845 |
| 601 shares AME | $83,775 | $123,391 |
| 146 shares AMGN | $39,716 | $47,787 |
| 1930 shares AAPL | $308,669 | $524,690 |
| 133 shares ASML | $94,871 | $142,291 |
| 38 shares AZO | $114,171 | $128,877 |
| 1567 shares BAC | $73,338 | $86,185 |
| 982 shares AVGO | $28,702 | $339,870 |
| 360 shares CSL | $143,859 | $115,150 |
| 178 shares CAT | $60,657 | $101,971 |
| 189 shares DE | $91,721 | $87,993 |
| 516 shares DOV | $92,932 | $100,744 |
| 56 shares LLY | $49,181 | $60,182 |
| 572 shares HON | $109,461 | $111,591 |
| 228 shares HUBB | $81,424 | $101,257 |
| 526 shares JPM | $105,718 | $169,488 |
| 1360 shares LRCX | $85,598 | $232,805 |
| 279 shares LHX | $61,515 | $81,906 |
| 239 shares MA | $89,819 | $136,440 |
| 845 shares MSFT | $358,560 | $408,659 |
| 2647 shares NVDA | $242,813 | $493,666 |
| 314 shares TMO | $143,259 | $181,947 |
| 524 shares V | $110,627 | $183,772 |
| 5172.902 shares AFDZX | $107,762 | $120,115 |
| 868 shares RSP | $161,813 | $166,274 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | 59432 shares SNSXX | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $59,432 | BookValueAmt |
| EOYFMV | $59,432 | EOYFMVAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IRS excise tax refunds | Desc |
| Amt | $234 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Account management fees | CategoryTxt |
| Amt | $6,844 | Amt |
| Net Investment Income | $6,844 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Excise taxes | $17,334 | $0 | $0 |
| Foreign Taxes | $147 | $147 | $0 |