Nonprofit · EIN 01-6080444
RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $394,279 | $730,668 | -$336,389 | $18,503,451 | $0 | $18,503,451 |
| December 31, 2024 | 990-PF | $378,303 | $568,638 | -$190,335 | $17,574,765 | $0 | $17,574,765 |
| December 31, 2023 | 990-PF | $404,373 | $575,998 | -$171,625 | $16,401,552 | $707 | $16,400,845 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $93,470
- Interest
- $12
- Net gain from sales of assets
- $300,797
Expenses
- Grants and similar amounts paid
- $407,830
- Compensation of officers, directors and key employees
- $125,000
- Disbursements for charitable purposes
- $454,598
- Excise tax on investment income
- $1,693
Balance sheet and other
- Total assets, start of year
- $17,574,765
- Total assets, end of year
- $18,503,451
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,503,451
- Fair market value of assets
- $21,604,625
- Qualifying distributions
- $454,598
- Net investment income
- $394,279
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John J Sanford 17 Sea Street, Camden, ME 04843 | Trustee | 18 | $62,500 |
| Clearstead Trust 14 York St Suite 301, Portland, ME 04101 | Trustee | 8 | $62,500 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John J Sanford 17 Sea Street, Camden, ME 04843 | Trustee | 18 | $62,500 |
| John PM Higgins 1 Union Street Suite 302, Portland, ME 04101 | Trustee | 8 | $62,500 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John J Sanford 17 Sea Street, Camden, ME 04843 | Trustee | 18 | $62,500 |
| John PM Higgins 1 Union Street Suite 302, Portland, ME 04101 | Trustee | 8 | $62,500 |
Address and contacts
- Address (IRS master file)
- 14 YORK ST STE 301, PORTLAND, ME 04101-4782
- In care of
- % JOHN PM HIGGINS
- Signed the 990-PF
- John Higgins Clearstead Trust, Trustee
- Phone
- (207) 775-7200
- Return prepared by
- Clearstead Trust
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 01-6080444
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A195)
- Assets (IRS master file)
- $18,503,451
- Income (IRS master file)
- $944,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $394,279 | $730,668 | $18,503,451 | XML |
| 990-PF | December 2024 | $378,303 | $568,638 | $17,574,765 | XML |
| 990-PF | December 2023 | $404,373 | $575,998 | $16,401,552 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | 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 01-6080444).
Questions about RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST
- What is the EIN of RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST?
- The employer identification number (EIN) of RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST is 01-6080444.
- Is RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 2 received compensation from the organization, the highest $62,500 (John J Sanford, Trustee).
- How much revenue does RICHARD C PAINE JR AUTOMOBILE COLLECTION CHARITABLE TRUST have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $394,279, expenses of $730,668 and total assets of $18,503,451 at year end.
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