EIN 01-0388680

Margaret Chase Smith Foundation

Name: Margaret Chase Smith Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Portland

State

Maine

Year formed

1984

Most recent tax filings

2023-12-01

NTEE code, primary

T20: Private Foundations

Description

The Margaret Chase Smith Foundation is a private foundation located in Portland, ME that primarily funds speaker honorarium, national history day teacher of the year award, and education programs focused on leadership and ethics for women in military service. They also provide grants to organizations such as the US Naval Academy Foundation. The foundation made 13 grants last year and supports the purpose of the Margaret Chase Smith Library, which opened in 1982 and encompasses archival and library collections, as well as memorabilia.

Total revenues

$716,214

2023

Total expenses

$604,554

2023

Total assets

$14,580,089

2023

Num. employees

2023

Program areas at Margaret Chase Smith Foundation

Margaret Chase Smith library - the library opened in 1982 and encompasses the archival and library collections, memorabilia and residence of senator Margaret Chase Smith. The library has a three fold mission of serving as an archive, as a museum and as an educational and public policy center. It is recognized as one of the premier congressional libraries in the united states. Since the founding of the library, the Margaret Chase Smith Foundation has provided financial support of the library via funding to northwood university. In 2011, the Foundation purchased the library's collections and real estate from northwood university and now directly operates the library through an operating contract with the university of Maine.

Other revenue attributable to operations of the library

Grants made by Margaret Chase Smith Foundation

Grantee	Grant description	Grant year	Amount
West Point Association of Graduates	Education - Leadership and Ethics for Women in Military Service	2023-12	$10,000
Us Naval Academy Foundation	Education - Leadership and Ethics for Women in Military Service	2023-12	$10,000

Personnel at Margaret Chase Smith Foundation

Name	Title	Compensation	Date of data
Michael J Quinlan	Treasurer	$0	2023-05-11

Financials for Margaret Chase Smith Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$12,528	$136,897	-90.8%
Investment income and dividends	$307,045	$284,086	8.1%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$396,111	$-978,930	140.5%
Gross sales of inventory	$0	$0	-
Miscellaneous revenues	$530	$409	29.6%
Total revenues	$716,214	$-557,538	228.5%

Form 990s for Margaret Chase Smith Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-04-29	990PF	View PDF
2022-12	2023-05-11	990PF	View PDF
2021-12	2022-04-25	990PF	View PDF
2020-12	2021-05-13	990PF	View PDF
2019-12	2020-10-01	990PR	View PDF
...and 8 more Form 990s

Organizations like Margaret Chase Smith Foundation

Organization	Type	Location	Revenue
Marblehead Female Humane Society	501(c)(3)	Marblehead, MA	$450,940
Pearl Manor	501(c)(3)	Manchester, NH	$282,159
The Eaton Gift	501(c)(3)	Redding, CA	$194,596
Siembra Leadership High School Foundation	501(c)(3)	Albuquerque, NM	$218,118
Living Islands Non-Profit	501(c)(3)	Lake Oswego, OR	$799,719
Warren Memorial Foundation	501(c)(3)	Westbrook, ME	$263,145
North Texas Ace Foundation	501(c)(3)	Wylie, TX	$543,495
Living Peace Foundation	501(c)(3)	Santa Barbara, CA	$1,329,564
The Discovery Foundation	501(c)(3)	Missoula, MT	$489,316
The L A Fire Dept Scholsp Fund	501(c)(3)	Los Angeles, CA	$420,252

Data update history

November 25, 2023

Posted financials

Added Form 990PF for fiscal year 2021

July 23, 2023

Posted financials

Added Form 990PF for fiscal year 2022

June 9, 2023

Posted financials

Added Form 990PF for fiscal year 2020

June 8, 2023

Updated personnel

Identified 1 new personnel

August 18, 2021

Posted financials

Added Form 990R for fiscal year 2019

Nonprofit Types

Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities

Issues

EducationWomen and girls

Characteristics

Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees

General information

Address: 10 Free St PO Box 4510; Portland, ME 04112
Metro area: Portland-South Portland, ME
County: Cumberland County, ME
Phone: (207) 775-7271

IRS details

EIN: 01-0388680
Fiscal year end: December
Taxreturn type: Form 990-PF
Year formed: 1984
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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Margaret Chase Smith Foundation

Program areas at Margaret Chase Smith Foundation

Grants made by Margaret Chase Smith Foundation

Personnel at Margaret Chase Smith Foundation

Financials for Margaret Chase Smith Foundation

Form 990s for Margaret Chase Smith Foundation

Organizations like Margaret Chase Smith Foundation

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