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Westbrook Development Corporation is a private corporation based in WESTBROOK, ME. The foundation received its IRS ruling in 1988. It holds total assets of $8.8M. Annual income is reported at $3.6M. Total assets have grown from $1.7M in 2011 to $6.2M in 2023. The foundation is governed by 9 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Westbrook Development Corporation has made 2 grants totaling $300K, with a median grant of $150K. Grant recipients are concentrated in Maine. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Westbrook Development Corporation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in ME.
Westbrook Development Corporation has distributed a total of $300K across 2 grants. The median grant size is $150K, with an average of $150K. Individual grants have ranged from $150K to $150K.
Westbrook Development Corporation typically selects its grantees rather than accepting unsolicited proposals.
Westbrook Development Corporation is headquartered in WESTBROOK, ME.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher Laroche | DIRECTOR | $0 | $0 | N/A |
| Brian O'Coin | DIRECTOR | $0 | $0 | N/A |
| Peter Plummer | VICE CHAIRPERSON | $0 | $0 | N/A |
| Lynda Adams | DIRECTOR | $0 | $0 | N/A |
| Thomas Bartell | CHAIRPERSON | $0 | $0 | N/A |
| Isaac Misiuk | DIRECTOR | $0 | $0 | N/A |
| Gary Sanborn | DIRECTOR | $0 | $0 | N/A |
| Tom Rubino | DIRECTOR | $0 | $0 | N/A |
| Lewis Emery | DIRECTOR | $0 | $0 | N/A |
Total Giving
$685K
Total Assets
$6.2M
Fair Market Value
$6.2M
Net Worth
$6.1M
Grants Paid
N/A
Contributions
$717K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
2
Total Giving
$300K
Average Grant
$150K
Median Grant
$150K
Unique Recipients
1
Most Common Grant
$150K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| City Of WestbrookTO AID DEVELOPMENT OF LOW INCOME HOUSING | Westbrook, ME | $150K | 2022 |