Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
Saco & Biddeford Savings
Charitable Foundation
Number and street (or P.O. box number if mail is not delivered to street address)50 Industrial Park Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Saco, ME04072
A Employer identification number

01-0516587
B Telephone number (see instructions)

(207) 284-4591
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$1,013,098J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 238,455
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,499 1,499  
4 Dividends and interest from securities... 23,787 23,787  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 19,462
b Gross sales price for all assets on line 6a 1,362,614
7 Capital gain net income (from Part IV, line 2)... 881,001
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 283,203 906,287  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,950 975   975
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,638 10   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
267 0   267
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,855 985   1,242
25 Contributions, gifts, grants paid....... 447,916 447,916
26 Total expenses and disbursements. Add lines 24 and 25 453,771 985   449,158
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -170,568
b Net investment income (if negative, enter -0-) 905,302
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 74,084 170,497 170,497
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
738,643 		738,643
b Investments—corporate stock (attach schedule)....... 1,105,447 Click to see attachment
List of Attached Documents:
// Content
99,823 		103,958
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,179,531 1,008,963 1,013,098
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,179,531 1,008,963
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,179,531 1,008,963
30 Total liabilities and net assets/fund balances (see instructions). 1,179,531 1,008,963
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,179,531
2
Enter amount from Part I, line 27a .....................
2
-170,568
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,008,963
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,008,963
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities D    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,362,614   481,613 881,001
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       881,001
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 881,001
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 12,584
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 12,584
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 12,584
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 3,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 8,984
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBrian Ballute Telephone no.right arrow (207) 284-4591

Located atright arrowPO Box 557SacoME ZIP+4right arrow04072
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Daryl J Cady Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Roland M Eon Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Joan R Fink Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Morris L Fisher Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
James Godbout Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Robert C Quentin Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Eric A Purvis Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Kevin P Savage Director
0.10 		0 0 0
50 Industrial Park Road
Saco,ME04072
Susan B Hadiaris Chair
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Mark H Jones President
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Lynne M Belanger Vice President (end 6/2023)
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Katrina Desjardins Vice President (start 3/2023)
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Stephanie Paquet Vice President (start 12/2023)
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Tammy Tracy Vice President (start 12/2023)
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Jeffrey M Vachon Vice President (end 9/2023)
0.50 		0 0 0
50 Industrial Park Road
Saco,ME04072
Brian T Ballute Secretary/Treasurer
2.00 		0 0 0
50 Industrial Park Road
Saco,ME04072
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
922,022
b
Average of monthly cash balances.......................
1b
202,463
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,124,485
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,124,485
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
16,867
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,107,618
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
55,381
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
55,381
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,584
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,584
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
42,797
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
42,797
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
42,797
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
449,158
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
449,158
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 42,797
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 387,191
b From 2019...... 401,507
c From 2020...... 405,144
d From 2021...... 400,471
e From 2022...... 446,431
f Total of lines 3a through e ........ 2,040,744
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 449,158
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 42,797
e Remaining amount distributed out of corpus 406,361
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,447,105
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		387,191
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,059,914
10 Analysis of line 9:
a Excess from 2019.... 401,507
b Excess from 2020.... 405,144
c Excess from 2021.... 400,471
d Excess from 2022.... 446,431
e Excess from 2023.... 406,361
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Brian Ballute
50 Industrial Park Road
Saco,ME04072
(207) 284-4591
bThe form in which applications should be submitted and information and materials they should include:
Amount, or range, requested; proof of status as 501(c)(3) organization; and statement of intended use of the funds, including people/communities served.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a 501(c)(3) organization and a qualifying public charity.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

1st Congregational Church of Scarborough Food Pantry

167 Black Point Road
Scarborough,ME04074 		N/A PC General Operating Support 1,500

1st Congregational Church of South Portland Food Pantry

301 Cottage Road
South Portland,ME04106 		N/A PC General Operating Support 1,500

Age Friendly Saco

75 Franklin Street
Saco,ME04072 		N/A PC General Operating Support 100

Alzheimer's Disease and Related Disorders Association Inc

225 N Michigan Avenue 17th Floor
Chicago,IL606017633 		N/A PC Alzheimer's Association, Maine Chapter 1,700

American Flyers Booster Club

20 Terminal Street
Westbrook,ME04092 		N/A PC General Operating Support 200

American Foundation for Suicide Prevention

199 Water Street
New York,NY10038 		N/A PC General Operating Support 500

American Heart Association Inc

7272 Greenville Avenue
Dallas,TX75231 		N/A PC American Heart Association, Maine Chapter 700

American Lung Association

55 West Wacker Drive 1150
Chicago,IL60601 		N/A PC American Lung Association, Maine Chapter 200

American Youth Football Inc

PO Box 1473
Westbrook,ME040981473 		N/A PC Westbrook Youth Football 500

Angel Flight NE

2 Great Falls Plaza
Auburn,ME042105966 		N/A PC General Operating Support 500

Animal Refuge League of Greater Portland

PO Box 336
Westbrook,ME04098 		N/A PC General Operating Support 300

Annie's Angels Memorial Fund

8 Jana Lane
Stratham,NH03885 		N/A PC General Operating Support 500

Apex Youth Connection

45 Granite Street
Biddeford,ME040053657 		N/A PC General Operating Support 15,000

Arundel Historical Society

3 Talbot Drive
Arundel,ME04046 		N/A PC General Operating Support 250

Association of Teachers of Mathematics in Maine

22 Ferguson Road
Limerick,ME04048 		N/A PC General Operating Support 500

Autism Society of Maine

72B Main Street
Winthrop,ME04364 		N/A PC General Operating Support 500

Best Buddies International Inc

100 SE 2nd Street Suite 2200
Miami,FL33131 		N/A PC Best Buddies, Maine Chapter 1,000

Biddeford Food Pantry

162 Elm Street
Biddeford,ME04005 		N/A PC General Operating Support 2,200

Biddeford Mills Museum

2 Main Street
Biddeford,ME04005 		N/A PC General Operating Support 200

Biddeford Youth Football Association

8 Alexander Drive
Biddeford,ME04005 		N/A PC General Operating Support 200

Biddeford Youth Hockey Association

PO Box 873
Biddeford,ME040050873 		N/A PC General Operating Support 1,000

Biddeford Youth Lacrosse

20 Shepherds Way
Biddeford,ME04005 		N/A PC General Operating Support 250

Big Brothers Big Sisters of Southern Maine

625 Main Street
Westbrook,ME040924120 		N/A PC General Operating Support 2,500

Boys & Girls Clubs of Southern Maine

277 Cumberland Avenue
Portland,ME041014919 		N/A PC General Operating Support 10,000

Brick Store Museum

117 Main Street
Kennebunk,ME04043 		N/A PC General Operating Support 500

Camp Kita Inc

PO Box 238
North Berwick,ME03906 		N/A PC General Operating Support 1,800

Cape Elizabeth Land Trust

330 Ocean House Road
Cape Elizabeth,ME04107 		N/A PC General Operating Support 750

Cape Robotics

345 Ocean House Road
Cape Elizabeth,ME04107 		N/A PC General Operating Support 250

Caring Unlimited

965 Main Street
Sanford,ME040733764 		N/A PC General Operating Support 5,000

Casco Bay Bluefin Bonanza

727 Poland Range Road
Pownal,ME04069 		N/A PC General Operating Support 500

Center for Grieving Children

555 Forest Avenue
Portland,ME041011504 		N/A PC General Operating Support 13,590

Children's Museum and Theatre of Maine

250 Thompsons Point Road
Portland,ME04102 		N/A PC General Operating Support 1,000

City Theater Associates Inc

PO Box 993
Biddeford,ME04005 		N/A PC General Operating Support 2,500

Community Dental

190 Park Avenue
Portland,ME041022910 		N/A PC General Operating Support 3,000

Creative Work Systems

10 Speirs Street
Westbrook,ME040924122 		N/A PC General Operating Support 2,500

Cystic Fibrosis Foundation

20 Trafalgar Square 447
Nashua,NH03063 		N/A PC General Operating Support 250

Dempsey Centers for Quality Cancer Care

29 Lowell Street Suite 5
Lewiston,ME04240 		N/A PC General Operating Support 3,000

Downtown Westbrook Coalition

752 Main Street
Westbrook,ME040923417 		N/A PC General Operating Support 500

Dyer Library Association

371 Main Street
Saco,ME040721520 		N/A PC General Operating Support 1,650

Eastern Trail Alliance

PO Box 250
Saco,ME040720250 		N/A PC General Operating Support 1,000

Ecology Education Inc

184 Simpson Road
Saco,ME040729514 		N/A PC General Operating Support 1,000

Eleanor Clare Paye Charitable Fund

291 Ferry Road
Saco,ME040722209 		N/A PC General Operating Support 400

Esther Residence

27 Thornton Avenue
Saco,ME04072 		N/A PC General Operating Support 1,500

Ferry Beach Park Association

5 Morris Avenue
Saco,ME04072 		N/A PC General Operating Support 250

First Parish Congregational Church Saco

12 Beach Street
Saco,ME04072 		N/A PC General Operating Support 550

Foundation for Portland Public Schools

353 Cumberland Avenue
Portland,ME04101 		N/A PC General Operating Support 1,500

Frannie Peabody Center

30 Danforth Street 311
Portland,ME041014574 		N/A PC General Operating Support 500

Friends of the St Lawrence Church

76 Congress Street
Portland,ME04101 		N/A PC General Operating Support 300

Friendship House Inc

390 Lincoln Street
South Portland,ME04106 		N/A PC General Operating Support 200

Furniture Friends

PO Box 631
Westbrook,ME040980631 		N/A PC General Operating Support 1,000

Girl Scouts of Maine

138 Gannett Drive
South Portland,ME041066938 		N/A PC General Operating Support 1,000

Good Shepherd Food Bank

3121 Hotel Road
Auburn,ME042108398 		N/A PC General Operating Support 15,000

Grahamtastic Connection

21 Bradeen Street 107
Springvale,ME04083 		N/A PC General Operating Support 1,000

Gulf of Maine Research Institute

350 Commercial Street
Portland,ME041014618 		N/A PC General Operating Support 1,500

Gym Dandies Children's Circus

PO Box 7062
Scarborough,ME04070 		N/A PC General Operating Support 250

Habitat for Humanity of Greater Portland

659 Warren Avenue
Portland,ME04103 		N/A PC General Operating Support 1,000

Habitat for Humanity York County

PO Box 267
Kennebunk,ME04043 		N/A PC General Operating Support 1,000

HART of Maine

PO Box 351
Cumberland,ME04021 		N/A PC General Operating Support 200

Heart of Biddeford

205 Main Street Suite 103
Biddeford,ME040052414 		N/A PC General Operating Support 7,000

Hearts & Horses Therapeutic Riding Center

63 Justin Merrill Road
Buxton,ME04093 		N/A PC General Operating Support 200

Hoops For Hope

10 Atlantic Way
Saco,ME04072 		N/A PC General Operating Support 2,750

Hospice of Southern Maine

390 US Route 1
Scarborough,ME040749772 		N/A PC General Operating Support 21,600

ITNPortland

90 Bridge Street 210
Westbrook,ME040922948 		N/A PC General Operating Support 200

John Duranceau Scholarship Fund

6 Plymouth Drive
Saco,ME040721734 		N/A PC General Operating Support 1,090

Junior Achievement of Maine Inc

565 Congress Street Suite 306
Portland,ME041018301 		N/A PC General Operating Support 5,760

Kennebunk Land Trust

6 Brown Street
Kennebunk,ME04043 		N/A PC General Operating Support 500

Kennebunkport Historical Society

PO Box 1173
Kennebunkport,ME04046 		N/A PC General Operating Support 250

Ketcha Outdoors

336 Black Point Road
Scarborough,ME04074 		N/A PC General Operating Support 250

Kids First Center

51 US Route 1 Suite S
Scarborough,ME040747134 		N/A PC General Operating Support 2,500

Kids Free to Grow

57 Portland Road Suite 4
Kennebunk,ME040436662 		N/A PC General Operating Support 2,500

La Kermesse

PO Box 289
Biddeford,ME04005 		N/A PC General Operating Support 3,000

Locker Project

PO Box 3134
Portland,ME041043134 		N/A PC General Operating Support 600

LYMETV

PO Box 15369
Portland,ME041125369 		N/A PC General Operating Support 500

Lyric Music Theatre

176 Sawyer Street
South Portland,ME04106 		N/A PC General Operating Support 1,400

Maine Adaptive Sports & Recreation

PO Box 853
Bethel,ME04217 		N/A PC General Operating Support 2,000

Maine Audubon

20 Gilsland Farm Road
Falmouth,ME04105 		N/A PC General Operating Support 250

Maine Baseball Hall of Fame

38 Messenger Way
Freeport,ME04032 		N/A PC General Operating Support 200

Maine Behavioral Healthcare

78 Atlantic Place
South Portland,ME041062316 		N/A PC General Operating Support 13,500

Maine Cancer Foundation

170 US Route 1 250
Falmouth,ME04105 		N/A PC General Operating Support 2,000

Maine Children's Home

93 Silver Street
Waterville,ME04901 		N/A PC General Operating Support 300

Maine Coast Fisherman's Association

93 Pleasant Street
Brunswick,ME04011 		N/A PC General Operating Support 500

Maine Development Foundation

2 Beech Street 203
Hallowell,ME04347 		N/A PC General Operating Support 1,000

Maine Foodscapes

22 Montgomery Road
Windham,ME040624137 		N/A PC General Operating Support 500

Maine Irish Heritage Center

34 Gray Street
Portland,ME04102 		N/A PC General Operating Support 250

Maine Needs

PO Box 4174
Portland,ME041010374 		N/A PC General Operating Support 250

Maine Professional Drivers Association

20 Buzzell Road
Biddeford,ME040059327 		N/A PC General Operating Support 150

Maine Senior Games

201 Bradley Street
Portland,ME04102 		N/A PC General Operating Support 1,000

Maine Women's Conference Inc

PO Box 1605
Portland,ME04104 		N/A PC General Operating Support 1,500

Maine Women's Lobby and MWL Education Funds

295 Water Street 10
Augusta,ME04330 		N/A PC General Operating Support 500

MaineHealth

22 Bramhall Street
Portland,ME041023134 		N/A PC $6,750 Barbara Bush Children's Hosptial; 6,750

Make-A-Wish Foundation of Maine

66 Mussey Road
Scarborough,ME040748921 		N/A PC General Operating Support 5,000

MAPS Scholarship Foundation

PO Box 676
Old Orchard Beach,ME04064 		N/A PC General Operating Support 300

Marine Toys for Tots Foundation

18251 Quantico Gateway Drive
Triangle,VA04072 		N/A PC Toys For Tots Saco Maine 1,000

Mercy Hospital

PO Box 679
Portland,ME04104 		N/A PC Mercy Healthcare Foundation 1,000

Michael T Goulet TBI & Epilepsy Foundation

19 Thunder Road
Saco,ME040722125 		N/A PC General Operating Support 5,000

Milestone Recovery

65 India Street
Portland,ME041014209 		N/A PC General Operating Support 2,000

My Place Teen Center Inc

755 Main Street
Westbrook,ME040923416 		N/A PC General Operating Support 12,800

National Alliance of Mental Illness (NAMI)

3803 North Fairfax Drive Suite 100
Arlington,VA222035860 		N/A PC Maine Chapter 1,000

New England Parkinson's Ride

PO Box 1124
Merrimack,NH030541124 		N/A PC General Operating Support 500

New Life Church

551 Alfred Road
Biddeford,ME04005 		N/A PC General Operating Support 200

Ocean Park Association

PO Box 7296
Ocean Park,ME040637296 		N/A PC General Operating Support 3,500

Old Orchard Beach Community Food Pantry

155 Saco Avenue
Old Orchard Beach,ME04064 		N/A PC General Operating Support 1,250

Old Orchard Beach United Methodist Church

6 Fountain Avenue
Old Orchard Beach,ME04064 		N/A PC General Operating Support 1,250

Olympia Snowe Women's Leadership Institute

1 Canal Plaza Suite 501
Portland,ME041014083 		N/A PC General Operating Support 1,500

Pets For Vets Inc

135 Doughty Road
North Yarmouth,ME04097 		N/A PC General Operating Support 100

Portland Museum of Art

7 Congress Square
Portland,ME04101 		N/A PC General Operating Support 500

Preble Street

38 Preble Street 3rd Floor
Portland,ME041012049 		N/A PC General Operating Support 2,300

Project Feed

202 Woodford Street
Portland,ME041035602 		N/A PC General Operating Support 500

Project Grace

PO Box 6846
Scarborough,ME04070 		N/A PC General Operating Support 2,850

Quincy Community Action Programs Inc

1509 Hancock Street
Quincy,MA02169 		N/A PC General Operating Support 200

Riding to the Top Therapeutic Riding Center

14 Lilac Drive
Windham,ME04062 		N/A PC General Operating Support 750

Riverview Martial Arts

682 Broadway 2
South Portland,ME04106 		N/A PC General Operating Support 200

Robbie Foundation

PO Box 1534
Scarborough,ME040701534 		N/A PC General Operating Support 1,000

Ronald McDonald House Charities Inc

250 Brackett Street
Portland,ME041023208 		N/A PC General Operating Support 4,300

Saco Bay Lacrosse Club

PO BOX 1294
Saco,ME040721294 		N/A PC General Operating Support 500

Saco Bay Trails

PO Box 720
Saco,ME04072 		N/A PC General Operating Support 500

Saco Food Pantry Inc

67 Ocean Park Road
Saco,ME04072 		N/A PC $5,930 - Food Pantry; $1,250 - Open Hands Open Hearts 7,180

Saco Little League

PO Box 285
Saco,ME04072 		N/A PC General Operating Support 800

Saco Main Street

PO Box 336
Saco,ME040720336 		N/A PC General Operating Support 6,500

Saco River Theatre

PO Box 661
Bar Mills,ME040040661 		N/A PC General Operating Support 1,500

Safe Passage

49 Farm View Drive Suite 302
New Gloucester,ME042605142 		N/A PC General Operating Support 250

Scarborough Community Thanksgiving

PO Box 501
Scarborough,ME040700501 		N/A PC General Operating Support 250

Scarborough Economic Development Corporation

PO Box 550
Scarborough,ME04070 		N/A PC General Operating Support 250

Scarborough Kiwanis Charitable Foundation

PO Box 846
Scarborough,ME040700846 		N/A PC General Operating Support 1,500

Scarborough Land Conservation Trust

PO Box 1237
Scarborough,ME040701237 		N/A PC General Operating Support 750

Seeds of Hope Neighborhood Center

35 South Street
Biddeford,ME040052473 		N/A PC General Operating Support 4,550

Shutterbugs 4 Charity

488 Ferry Road
Saco,ME040722216 		N/A PC General Operating Support 2,500

South Portland Cape Elizabeth Rotary Charitable Fund

50 Market Street 1A
South Portland,ME04106 		N/A PC General Operating Support 6,500

South Portland Food Cupboard

130 Thadeus Street
South Portland,ME041066249 		N/A PC General Operating Support 2,000

South Portland Historical Society

55 Bug Light Park
South Portland,ME041061654 		N/A PC General Operating Support 1,000

Southern Maine Agency on Aging

30 Barra Road
Biddeford,ME040059459 		N/A PC General Operating Support 2,500

Southern Maine Community College Foundation

2 Fort Road
South Portland,ME041061698 		N/A PC General Operating Support 250

Southern Maine Health Care

PO Box 626
Biddeford,ME040050626 		N/A PC General Operating Support 6,000

Special Olympics Maine

525 Main Street 5
South Portland,ME04106 		N/A PC General Operating Support 450

Spurwink

901 Washington Avenue
Portland,ME04103 		N/A PC General Operating Support 3,000

St Andre Home

PO Box 2373
Bangor,ME04402 		N/A PC $300 Courage LIVES; $350 General Support 650

St James Catholic School

25 Graham Street
Biddeford,ME04005 		N/A PC General Operating Support 200

St Jude Children's Research Hospital

501 St Jude Place
Memphis,TN38105 		N/A PC General Operating Support 900

Step Up Parents

PO Box 1603
Portsmouth,NH03801 		N/A PC General Operating Support 500

STRIVE

39 Darling Avenue
South Portland,ME04106 		N/A PC General Operating Support 1,500

Subcircle

97 Guinea Road
Biddeford,ME04005 		N/A PC General Operating Support 1,000

Sweetser

50 Moody Street
Saco,ME040721536 		N/A PC General Operating Support 10,000

The Dream Factory of Maine

PO Box 702
Gorham,ME04038 		N/A PC General Operating Support 500

The Family Restored

PO Box 10116
Portland,ME04104 		N/A PC General Operating Support 500

The Iris Network

189 Park Avenue
Portland,ME04102 		N/A PC General Operating Support 250

The LifeFlight Foundation

PO Box 859
Augusta,ME04332 		N/A PC General Operating Support 300

The Salvation Army National Corporation

615 Slaters Lane
Alexandria,VA22314 		N/A PC Salvation Army Old Orchard Beach 6,200

The Westbrook Historical Society

426 Bridge Street
Westbrook,ME040923189 		N/A PC General Operating Support 225

The Yellow Tulip Project

239 Foreside Road
Falmouth,ME04105 		N/A PC General Operating Support 250

Thornton Academy Hockey Boosters Association

PO Box 864
Saco,ME040720864 		N/A PC General Operating Support 250

Tri City Community Chorus

PO Box 423
Biddeford,ME04005 		N/A PC General Operating Support 500

Trustees of Thornton Academy

438 Main Street
Saco,ME040721565 		N/A PC General Operating Support 73,871

United Way of Southern Maine

550 Forest Avenue 100
Portland,ME04101 		N/A PC General Operating Support 46,300

University of Southern Maine

96 Falmouth Street
Portland,ME04103 		N/A GOV General Operating Support 10,000

Volunteers of America Northern New England

14 Maine Street 100
Brunswick,ME04011 		N/A PC General Operating Support 250

Wardwell Home for Aging

43 Middle Street
Saco,ME040723300 		N/A EOF General Operating Support 1,000

Wayside Food Program

PO Box 1278
Portland,ME041041278 		N/A PC General Operating Support 800

Westbrook Community Food & Resource Center

426 Bridge Street
Westbrook,ME04092 		N/A PC Westbrook Food Pantry 1,800

Westbrook Little League

PO Box 1170
Westbrook,ME040981170 		N/A PC General Operating Support 450

Westbrook Paper City Hoops

34 Cardinal Way
Westbrook,ME04098 		N/A PC General Operating Support 250

Westbrook Soccer Club

PO Box 845
Westbrook,ME040980845 		N/A PC General Operating Support 500

Westbrook Strong

20 Webster Street
Westbrook,ME040922433 		N/A PC General Operating Support 500

Westbrook Warren Congregational Church

810 Main Street
Westbrook,ME04092 		N/A PC General Operating Support 300

Wreaths Across America

PO Box 249
Columbia Falls,ME046230249 		N/A PC General Operating Support 750

York County Community Action Corp

6 Spruce Street
Sanford,ME040732917 		N/A PC General Operating Support 200

York County Shelter Programs

24 George Street
Alfred,ME040023296 		N/A PC General Operating Support 700

Youth Full Maine

PO Box 745
Biddeford,ME040050745 		N/A PC General Operating Support 300
Total .................................right arrow 3a 447,916
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 1,499  
4 Dividends and interest from securities ....     14 23,787  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 19,462  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 44,748 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
44,748
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
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with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Saco & Biddeford Savings
Charitable Foundation
Employer identification number

01-0516587
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Saco & Biddeford Savings
Charitable Foundation 		Employer identification number
01-0516587
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Saco & Biddeford Savings Bank
 
50 Industrial Park Road
 
Saco, ME04072

$ 238,455


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Saco & Biddeford Savings
Charitable Foundation 		Employer identification number

01-0516587
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Publicly Traded Securities $ 237,705 2023-04-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Saco & Biddeford Savings
Charitable Foundation 		Employer identification number

01-0516587
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Saco & Biddeford Savings
 
Charitable Foundation
EIN:
01-0516587
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting fees 1,950 975   975

TY 2023 InvestmentsCorpStockSchedule
Name:
Saco & Biddeford Savings
 
Charitable Foundation
EIN:
01-0516587
Name of Stock End of Year Book Value End of Year Fair Market Value
238 shares VOO 99,823 103,958

TY 2023 InvestmentsGovtObligationsSch
Name:
Saco & Biddeford Savings
 
Charitable Foundation
EIN:
01-0516587
US Government Securities - End of Year Book Value:

738,643
US Government Securities - End of Year Fair Market Value:

738,643
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 OtherExpensesSchedule
Name:
Saco & Biddeford Savings
 
Charitable Foundation
EIN:
01-0516587
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Filing fees 35 0   35
Bank fees 232 0   232


TY 2023 TaxesSchedule
Name:
Saco & Biddeford Savings
 
Charitable Foundation
EIN:
01-0516587
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise taxes 3,628 0   0
Foreign taxes 10 10   0