Nonprofit · EIN 01-0513594
MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION
Tax-exempt · AUGUSTA, ME 04330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $53,343 | $49,088 | $4,255 | $986,014 | $0 | $986,014 |
| December 31, 2023 | 990 | $58,103 | $51,133 | $6,970 | $912,761 | $0 | $912,761 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,650
- Program service revenue
- $0
- Investment income
- $26,691
- Net gain from sales of assets
- $4,322
- Net income from gaming
- $20,002
- Other revenue
- $20,002
Expenses
- Grants and similar amounts paid
- $39,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,425
- Program services (functional)
- $39,000
- Management and general (functional)
- $10,088
Balance sheet and other
- Total assets, start of year
- $912,761
- Total assets, end of year
- $986,014
- Total liabilities, end of year
- $0
- Net assets, end of year
- $986,014
- Publicly traded securities
- $972,551
- Net assets without donor restrictions
- $986,014
- Gross receipts
- $285,290
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1997
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARIA FUENTES | SECRETARY/TR Officer | 1 | $0 | $180,500 | $11,610 |
| DEBORAH DUNLAP AVASTHI | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| PAUL BRADBURY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| PARKER BROWN | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| TIM FOLSTER | CHAIR Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| TONY GRANDE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| BRUCE HUBBARD | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MICHELLE IBARGUEN | MBTA PRESIDE Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| DANA KNAPP | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ROLAND LAVALLEE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| IAN MESSIER | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| TIM OUELLETTE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| MILLARD PRAY | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| BRIAN RAYMOND | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
| ERIC RITCHIE | DIRECTOR Trustee or director | 0.2 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IRVIN SMITH | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Maria Fuentes | Secretary/Treasurer Officer | 1 | $0 | $174,135 | $11,893 |
| Paul Bradbury | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Parker Brown | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Deborah Dunlap Avasthi | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Tim Folster | Chair Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| Tony Grande | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Bruce Hubbard | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Roland Lavallee | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Dana Knapp | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Ian Messier | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Tim Ouellette | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Millard Pray | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Brian Raymond | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Eric Ritchie | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Irvin Smith | Director Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 CAPITOL ST STE 5, AUGUSTA, ME 04330-6858
- Principal officer (990 for 2024)
- JAKE LACHANCE, 150 CAPITOL STREET SUITE 5, AUGUSTA, ME 04330
- Signed the 990
- MARIA FUENTES, SECRETARY/TREASURER
- Phone
- (207) 622-0526
- Website
- MBTAONLINE.ORG
- Return prepared by
- ONE RIVER CPAS
Mission
THE ORGANIZATION PROVIDES SCHOLARSHIPS TO STUDENTS INTERESTED IN THE TRASPORTATION INDUSTRY.
Program accomplishments
- THE ORGANIZATION PROVIDES SCHOLARSHIPS TO STUDENTS INTERESTED IN THE TRANSPORTATION INDUSTRY.Expenses $39,000 · grants $39,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0513594
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99)
- Assets (IRS master file)
- $986,014
- Income (IRS master file)
- $285,290
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $53,343 | $49,088 | $986,014 | XML |
| 990 | December 2023 | $58,103 | $51,133 | $912,761 | XML |
| 990 | December 2022 | $115,223 | $47,473 | $799,519 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0513594).
Questions about MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION
- What is the EIN of MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION is 01-0513594.
- Is MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAKE LACHANCE.
- Who are the officers and directors of MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does MAINE BETTER TRANSPORTATION EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $53,343, expenses of $49,088 and total assets of $986,014 at year end.
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