INDIAN & FOREST ACRES ALUMNI SCHOLARSHIP FOUNDATION

EIN: 821298123 501(c)(3) Education

FRYEBURG, ME

Total Revenue
$56,337
Total Expenses
$43,946
Total Assets
$173,216
Net Assets
$173,216
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
ME
Principal Officer
MICHAEL BURNESS
Phone
8608824536
Tax Period
2023-01-01 to 2023-12-31

INDIAN & FOREST ACRES ALUMNI SCHOLARSHIP FOUNDATION, founded in 2017, is a micro nonprofit in the Education sector that reported $56K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 22% operating margin.

Mission

THE FOUNDATION SEEKS TO ENABLE CHILDREN FROM A BROAD RANGE OF SOCIO-ECONOMIC BACKGROUNDS TO EXPERIENCE THE IDEALS OF THE CAMPS' UNIQUE MISSION OF BEING A COMMUNITY WHERE CAMPERS DEVELOP PHYSICAL, SOCIAL AND LEADERSHIP SKILLS THROUGH LEARNING TO SET AND ACHIEVE GOALS, EXPERIENCING RISK IN A SAFE AND SUPPORTIVE ENVIRONMENT AND GAINING A SENSE OF PERSONAL AND COMMUNITY RESPONSIBILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,192
Program Service Revenue $0
Investment Income $20
Other Revenue $10,125
TOTAL REVENUE $56,337

Expense Breakdown

Grants Paid $36,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,442
Other Expenses $7,696
TOTAL EXPENSES $43,946

Year-over-Year Comparison

2023 2022 Change
Revenue $56,337 $75,572 -0.3%
Expenses $43,946 $62,206 -0.3%
Net Income $12,391 $13,366 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH FEDDER CO-PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN PEARSON CO-PRESIDENT 1.00
Officer Director
$0 $0 $0
GERALD GREENBERG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HALEY MILLER TREASURER 1.00
Officer Director
$0 $0 $0
EMILY YOUNG SECRETARY 1.00
Officer Director
$0 $0 $0
CHARLES RUDNICK DIRECTOR (TO 5/23) 1.00
Director
$0 $0 $0
MICHAEL BURNESS HONORARY DIRECTOR 0.25
Director
$0 $0 $0
ADAM JOSEF DIRECTOR (AS OF 9/23) 1.00
Director
$0 $0 $0
BRIAN FRANKLIN DIRECTOR (AS OF 9/23) 1.00
Director
$0 $0 $0
JO GOLUB DIRECTOR (AS OF 9/23) 1.00
Director
$0 $0 $0
MICHAEL RAUS DIRECTOR (AS OF 9/23) 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $56,337 $43,946 $173,216 $12,391
2022 $75,572 $62,206 $160,825 $13,366
2021 $64,864 $45,902 $147,459 $18,962
2020 $69,367 $31,662 $128,497 $37,705
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