Program areas at Galen Cole Family Foundation
Transportation museum: to collect, construct, restore, display and maintain antique equipment and facilities thematic to early Maine life, transportation and industry.
Provides reading recovery training program grants to teachers working with identified struggling 1st grade readers in participating schools through the university of Maine.
Provide financial assistance to facilitate meal distributions to children in need through the food bank's youth and Family initiatives such as school pantry, kid's cafe, and summer lunch program.
To recover part of the cost of serving the general public visiting the museum or using resources and to offset, in part, free admission and transportation of school groups.
Sale of gift and souvenier items at a margin over cost in order to support free admission for school-age children and to limit the price of general admission.
Personnel at Galen Cole Family Foundation
| Name | Title | Compensation | Date of data |
|---|
| John R Thomas | Executive Director | $95,339 | 2022-11-14 |
| Jim Neville | Past Executive Director | $92,476 | 2021-10-04 |
| Garret E Cole | Chairman | $26,000 | 2016-12-31 |
Financials for Galen Cole Family Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $2,053 | $1,987 | 3.3% |
| Investment income and dividends | $495,182 | $424,237 | 16.7% |
| Net rental income | $18,000 | $18,000 | - |
| Net gain from sale of non-inventory assets | $-534,787 | $3,278,275 | -116.3% |
| Gross sales of inventory | $1,491 | $1,900 | -21.5% |
| Miscellaneous revenues | $60,512 | $122,824 | -50.7% |
| Total revenues | $42,451 | $3,847,223 | -98.9% |
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Data update history
August 10, 2023
Posted financials
Added Form 990PF for fiscal year 2021
August 10, 2022
Posted financials
Added Form 990PF for fiscal year 2020
August 1, 2022
Updated personnel
Identified 1 new personnel
October 18, 2021
Posted financials
Added Form 990PF for fiscal year 2019
November 23, 2019
Posted financials
Added Form 990PF for fiscal year 2018
Nonprofit Types
Private foundationsPrivate operating foundationsCharities
Issues
No issues found
Characteristics
State / local levelTax deductible donations
General information
- Address
- 405 Perry Rd
- Bangor, ME 04401
- Metro area
- Bangor, ME
- Website URL
- colemuseum.org/
- Phone
- (207) 262-9910
IRS details
- EIN
- 23-7425774
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 1975
- 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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