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Atlantic Federal Credit Union Foundation is a private corporation based in S PORTLAND, ME. The foundation received its IRS ruling in 2022. The principal officer is Renee Oyster. It holds total assets of $2.6M. Annual income is reported at $1.5M. Total assets have grown from $2M in 2021 to $2.6M in 2023. The foundation is governed by 5 officers and trustees. The atlantic federal credit union foundation awards scholarships and grants to individuals residing in, and 501(c)(3) organizations serving and operating in communities serviced by the atlantic regional federal credit union. Tax records are available from 2021 to 2023. Grantmaking is concentrated in Maine. According to available records, Atlantic Federal Credit Union Foundation has made 152 grants totaling $381K, with a median grant of $500. Individual grants have ranged from N/A to $77K, with an average award of $3K. The foundation has supported 75 unique organizations. The foundation primarily supports organizations in Maine, Pennsylvania, Massachusetts, which account for 96% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$250
Average Grant
$1K
Largest Grant
$24K
Based on 34 grants from the most recent 990-PF filing.
The atlantic federal credit union foundation awards scholarships and grants to individuals residing in, and 501(c)(3) organizations serving and operating in communities serviced by the atlantic regional federal credit union.
The atlantic federal credit union foundation awards scholarships and grants to individuals residing in, and 501(c)(3) organizations serving and operating in communities serviced by the atlantic regional federal credit union. Based on available records, the foundation has funded 152 grants. Its grantmaking reaches organizations primarily in ME, PA, MA.
Atlantic Federal Credit Union Foundation has distributed a total of $381K across 152 grants. The median grant size is $500, with an average of $3K. Individual grants have ranged from N/A to $77K.
Applicants must meet the following requirements to be considered for the $10,000, $5,000, $2,500, $1,500 or $1,000 scholarships. 1. A member of atlantic federal credit union and graduating high school senior in androscoggin, cumberland, sagadahoc or york county. 2. A primary account member with an open account at atlantic federal credit union. 3. Will be enrolled in an undergraduate program at chosen college or vocational school with a minimum of 6 credit hours per semester for fall 2022. 4. Submit a completed application with a 350 to 400 word essay; a resume that detail community involvement, extra curricular activities and demonstrates leadership abiliites; a high school transcript and a reference letter from a teacher, counselor, mentor or employer.
Atlantic Federal Credit Union Foundation is headquartered in S PORTLAND, ME. While based in ME, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Howard Dupee | TREASURER | $0 | $0 | N/A |
| Donna Hodgdon | DIRECTOR | $0 | $0 | N/A |
| Renee Oyster | SECRETARY | $0 | $0 | N/A |
| Christopher Mcgorrill | PRESIDENT | $0 | $0 | N/A |
| Tara Williams | DIRECTOR | $0 | $0 | N/A |
Total Giving
$181K
Total Assets
$2.6M
Fair Market Value
$2.6M
Net Worth
$2.6M
Grants Paid
$157K
Contributions
$427K
Net Investment Income
$83K
Distribution Amount
$122K
Total: $2.4M
Total Grants
152
Total Giving
$381K
Average Grant
$3K
Median Grant
$500
Unique Recipients
75
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Me Credit Union Campaign For Ending HungerGENERAL SUPPORT | Portland, ME | $77K | 2022 |
| Maine Federation Of Farmers' MarkersGENERAL SUPPORT | Freeport, ME | $18K | 2022 |
| ProsperitymeGENERAL SUPPORT | Portland, ME | $15K | 2022 |
| Sanford Schools Legacy FoundationGENERAL SUPPORT | Sanford, ME | $12K | 2022 |
| Thornton AcademyGENERAL SUPPORT | Saco, ME | $10K | 2022 |
| Good Shepherd Food BankGENERAL SUPPORT | Auburn, ME | $5K | 2022 |
| Brunswick Downtown AssociationGENERAL SUPPORT | Brunswick, ME | $4K | 2022 |
| University Of Southern Maine -Fbo ASCHOLARSHIP | Portland, ME | $3K | 2022 |
| University Of Southern Maine-Fbo IsSCHOLARSHIP | Portland, ME | $3K | 2022 |
| University Of Toronto-Fbo Luke ChesSCHOLARSHIP | Toronto | $3K | 2022 |
| Messiah University Fbo Isabella FarSCHOLARSHIP | Mechanicsburg, PA | $3K | 2022 |
| Unh Fbo Mia TarankoSCHOLARSHIP | Durham, NH | $3K | 2022 |
| Wellesley College Fbo Olivia GiandrSCHOLARSHIP | Wellesley, MA | $3K | 2022 |
| Junior Achievement Of MaineGENERAL SUPPORT | Portland, ME | $2K | 2022 |
| Noble High SchoolGENERAL SUPPORT | N Berwick, ME | $2K | 2022 |
| Sexual Assault Support Services Of Midcoast MeGENERAL SUPPORT | Brunswick, ME | $2K | 2022 |
| Maine Attraction Waterski Show TeamGENERAL SUPPORT | Sanford, ME | $2K | 2022 |
| New Ventures MaineGENERAL SUPPORT | South Portland, ME | $2K | 2022 |
| York County Community College FoundationGENERAL SUPPORT | Wells, ME | $2K | 2022 |
| Bowdoin CollegeGENERAL SUPPORT | Brunswick, ME | $2K | 2022 |
| Sanfordspringvale YmcaGENERAL SUPPORT | Sanford, ME | $2K | 2022 |
| Saco School DepartmentGENERAL SUPPORT | Biddeford, ME | $1K | 2022 |
| Maine Coast Fishermen'S AssociationGENERAL SUPPORT | Brunswick, ME | $1K | 2022 |
| Dickinson College-Fbo Anna SnyderSCHOLARSHIP | Carlisle, PA | $1K | 2022 |
| Full Plates Full PotentialGENERAL SUPPORT | Brunswick, ME | $1K | 2022 |
| Make-A-Wish Foundation Of MaineGENERAL SUPPORT | Portland, ME | $1K | 2022 |