EIN 04-6626994

Libra Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
State
Year formed
1990
Most recent tax filings
2022-12-01
NTEE code, primary
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
$-2,662,658
2022
Total expenses
$9,064,186
2022
Total assets
$174,993,751
2022
Num. employees
n/a

Grants made by Libra Foundation

GranteeGrant descriptionAmount
Pineland FarmsDevelop, Operate and Staff Pineland Farms, Inc. for Agricultural Promotion, Education and Research in Maine$3,925,000
MaineHealth ServicesRaising Readers Program$1,137,959
Foxcroft AcademyPiscataquis County Ice Arena Operating Expenses$362,998
...and 64 more grants made totalling $6,110,830

Personnel at Libra Foundation

NameTitleCompensation
Craig N DenekasChairman and Chief Executive Officer$399,945
Jere G MichelsonPresident , Chief Operating Officer , Chief Financial Officer$389,952
Jennifer CookAccounting Assistant$125,001
Paul PietropaoliExecutive Vice President$275,111
Owen W WellsTrustee$99,934

Financials for Libra Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$573,571
Net rental income$0
Net gain from sale of non-inventory assets$-2,003,618
Gross sales of inventory$0
Miscellaneous revenues$-1,232,611
Total revenues$-2,662,658

Form 990s for Libra Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-11990PFView PDF
2021-122022-05-03990PFView PDF
2020-122021-05-13990PFView PDF
2019-122020-09-28990PRView PDF
2018-122019-08-17990PFView PDF
...and 8 more Form 990s
Data update history
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
August 18, 2021
Posted financials
Added Form 990R for fiscal year 2019
June 16, 2020
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible 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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