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EIN 04-6626994

Libra Foundation

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Portland
State
Maine
Year formed
1990
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Libra Foundation is a private foundation that made 87 grants last year. Grantees include Pineland Farms Inc. Trustees are Owen W Wells, Craig N Denekas, Jere G Michelson. It is located in Portland, ME.
Total revenues
$-339,498
2023
Total expenses
$9,054,568
2023
Total assets
$170,023,543
2023
Num. employees
8
2023

Grants made by Libra Foundation

GranteeGrant descriptionAmount
Pineland FarmsDevelop, Operate and Staff Pineland Farms, Inc. for Agricultural Promotion, Education and Research in Maine$4,165,000
MaineHealth ServicesRaising Readers Program$1,101,003
Foxcroft AcademyPiscataquis County Ice Arena Operating Expenses$172,792
...and 50 more grants made totalling $5,908,795

Personnel at Libra Foundation

NameTitleCompensation
Craig N DenekasChairman and Chief Executive Officer$420,229
Jere G MichelsonPresident , Chief Operating Officer , Chief Financial Officer$410,228
Jennifer CookAccounting Assistant$130,062
Erik HaywardExecutive Vice President$290,168
Owen W WellsTrustee$100,018

Financials for Libra Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$618,978
Net rental income$0
Net gain from sale of non-inventory assets$247,316
Gross sales of inventory$0
Miscellaneous revenues$-1,205,792
Total revenues$-339,498

Form 990s for Libra Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990PFView PDF
2022-122023-05-11990PFView PDF
2021-122022-05-03990PFView PDF
2020-122021-05-13990PFView PDF
2019-122020-09-28990PRView PDF
...and 9 more Form 990s
Data update history
July 15, 2024
Posted financials
Added Form 990PF for fiscal year 2023
August 11, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990PF for fiscal year 2022
April 13, 2022
Updated personnel
Identified 1 new personnel
April 9, 2022
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
3 Canal Plaza PO Box 17516
Portland, ME 04112
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
librafoundation.org/ 
Phone
(207) 879-6280
IRS details
EIN
04-6626994
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1990
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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