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EIN 26-2428220

Institute for Family-Owned Business

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Portland
State
Maine
Year formed
2008
Most recent tax filings
2023-12-01
NTEE code, primary
S40: Business and Industry
Description
Institute for Family-Owned Business supports the success of family owned businesses in Maine by providing unique information, resources and networking opportunities. Program services conducted throughout the year include presentations, educational programs and consulting support related to governance, succession and estate planning, stewardship and effective leadership strategies.
Total revenues
$273,310
2023
Total expenses
$304,228
2023
Total assets
$188,357
2023
Num. employees
4
2023

Program areas at Institute for Family-Owned Business

Program services were conducted throughout the year including presentations, educational programs and consulting support related to governance, succession and estate planning, stewardship and effective leadership strategies. The programs were provided to member companies and were available to Maine family businesses and other companies as well.

Who funds Institute for Family-Owned Business

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bank of Maine Charitable FoundationLeaders & Luminaries Award$5,000
AmazonSmile FoundationGeneral Support$24

Personnel at Institute for Family-Owned Business

NameTitleCompensation
Catherine Wygant FossettBoard Member$98,808
John LemieuxPrincipal and Cofounder
Laura LinscottRelationship Manager
Thomas HusseyPerma National Sales Manager
Katie RooksCharitable and Community Relations Manager
...and 4 more key personnel

Financials for Institute for Family-Owned Business

RevenuesFYE 12/2023
Total grants, contributions, etc.$293,608
Program services$52,995
Investment income and dividends$3,008
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-76,301
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$273,310

Form 990s for Institute for Family-Owned Business

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-16990View PDF
2022-122023-09-12990View PDF
2021-122022-11-01990View PDF
2020-122021-11-08990View PDF
2019-122021-03-01990View PDF
...and 10 more Form 990s

Organizations like Institute for Family-Owned Business

OrganizationLocationRevenue
Florida Charter School AlliancePalm Beach Gardens, FL$459,055
The Leverage NetworkChicago, IL$725,823
World Trade Center Denver InstituteDenver, CO$1,202,334
Milwaukee WomenMequon, WI$163,861
Good Business ColoradoWheat Ridge, CO$648,817
North Carolina Business Group on HealthCharlotte, NC$240,885
Indiana India Business CouncilCarmel, IN$150,054
For Good MovementOrlando, FL$183,342
Mobile UnitedMobile, AL$169,053
Generation West VirginiaMorgantown, WV$1,305,425
Data update history
July 13, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from The Bank of Maine Charitable Foundation
April 10, 2024
Used new vendors
Identified 1 new vendor, including
November 13, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 7, 2023
Updated personnel
Identified 17 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
MembershipsFundraising eventsState / local levelTax deductible donationsAccepts online donations
General information
Address
PO Box 3364
Portland, ME 04104
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
fambusiness.org/ 
Phone
(207) 798-2667
IRS details
EIN
26-2428220
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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