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EIN 20-8797462

Rural Futures Fund

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Portland
State
Maine
Year formed
2007
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Emanuel & Pauline A Lerner Foundation is a private foundation located in Portland, ME that primarily funds the aspirations incubator program, funding to fund the capacity building, and funding support for the edge program. In response to the significant financial hardship the covid-19 pandemic had on the economy in 2020, the foundation acted quickly to make seven grants last year. Grantees include Chewonki Foundation Inc and others.
Also known as...
Emanuel and Pauline A Lerner Foundation
Total revenues
$144,138
2023
Total expenses
$657,173
2023
Total assets
$1,319,650
2023
Num. employees
2
2023

Program areas at Rural Futures Fund

In response to the significant financial hardship the covid-19 pandemic had on the economy in 2020 the foundation acted quickly to provide need-based support to several families that are supported by the various organizations listed in part xv. The foundation's support help to with the cost of necessary food and items for several families in critical need.

Grants made by Rural Futures Fund

GranteeGrant descriptionAmount
Maine Youth AllianceAspirations Incubator Program$50,000

Personnel at Rural Futures Fund

NameTitleCompensation
Don Carpenter Executive DirectorExecutive Director
Donald J CarpenterPast Executive Director$137,800
Erin M CinelliAssociate Director and Secretary$79,500
Erin Cinelli Executive DirectorPast Executive Director

Financials for Rural Futures Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$19,000
Investment income and dividends$68,482
Net rental income$0
Net gain from sale of non-inventory assets$27,849
Gross sales of inventory$0
Miscellaneous revenues$28,807
Total revenues$144,138

Form 990s for Rural Futures Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-19990PFView PDF
2022-122023-04-28990PFView PDF
2021-122022-05-09990PFView PDF
2020-122021-05-05990PFView PDF
2019-122020-11-12990PFView PDF
...and 9 more Form 990s
Data update history
May 22, 2024
Posted financials
Added Form 990PF for fiscal year 2023
May 20, 2024
Updated personnel
Identified 5 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 22, 2023
Posted financials
Added Form 990PF for fiscal year 2022
May 24, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
PO Box 10370
Portland, ME 04104
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
ruralfuturesfund.org/ 
Phone
(207) 730-1154
IRS details
EIN
20-8797462
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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