Nonprofit · EIN 04-6626994
LIBRA FOUNDATION OWEN W WELLS TRUSTEE
Tax-exempt · PORTLAND, ME 04112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $721,434 | $7,538,226 | -$6,816,792 | $156,547,414 | $519,506 | $156,027,908 |
| December 31, 2024 | 990-PF | -$1,523,256 | $8,208,021 | -$9,731,277 | $161,557,671 | $387,213 | $161,170,458 |
| December 31, 2023 | 990-PF | -$339,498 | $9,054,568 | -$9,394,066 | $170,023,543 | $419,687 | $169,603,856 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $443,408
- Interest
- $17,696
- Net gain from sales of assets
- $2,190,159
- Other income
- -$1,929,829
Expenses
- Grants and similar amounts paid
- $4,360,000
- Compensation of officers, directors and key employees
- $1,591,271
- Salaries, compensation and benefits (total)
- $381,595
- Disbursements for charitable purposes
- $6,073,399
Balance sheet and other
- Total assets, start of year
- $161,557,671
- Total assets, end of year
- $156,547,414
- Total liabilities, end of year
- $519,506
- Net assets, end of year
- $156,027,908
- Fair market value of assets
- $148,615,862
- Qualifying distributions
- $8,483,582
- Net investment income
- $721,434
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 | Other / benefits |
|---|---|---|---|---|
| JERE G MICHELSON THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | PRESIDENT/COO/CFO | 50 | $426,728 | $71,327 |
| CRAIG N DENEKAS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | CHAIRMAN/CEO | 50 | $421,472 | $74,788 |
| ERIK HAYWARD THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | EXECUTIVE VICE PRESIDENT | 50 | $321,360 | $68,044 |
| PAUL PIETROPAOLI THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | EXECUTIVE VICE PRESIDENT | 50 | $321,360 | $84,560 |
| KATHI GIEDRIS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $140,570 | $50,980 |
| JENNIFER COOK THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ACCOUNTING ASSISTANT Highest-paid employee | 40 | $140,570 | $49,497 |
| MELISSA LEE THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $100,454 | $28,110 |
| OWEN W WELLS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 30 | $100,351 | $49,506 |
| PENDRED E NOYCE THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
| WILLIAM J RYAN THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
| RHIANON R LIU THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
990-PF for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG N DENEKAS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | CHAIRMAN/CEO | 50 | $423,364 | $70,367 |
| JERE G MICHELSON THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | PRESIDENT/COO/CFO | 50 | $413,284 | $67,350 |
| ERIK HAYWARD THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | EXECUTIVE VICE PRESIDENT | 50 | $307,561 | $63,347 |
| PAUL PIETROPAOLI THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | EXECUTIVE VICE PRESIDENT | 50 | $307,561 | $78,546 |
| KATHI GIEDRIS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $136,121 | $46,782 |
| JENNIFER COOK THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ACCOUNTING ASSISTANT Highest-paid employee | 40 | $136,121 | $45,785 |
| OWEN W WELLS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 30 | $100,801 | $43,816 |
| MELISSA LEE THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $94,277 | $25,536 |
| PENDRED E NOYCE THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
| WILLIAM J RYAN THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG N DENEKAS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | CHAIRMAN/CEO | 50 | $420,229 | $74,197 |
| JERE G MICHELSON THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | PRESIDENT/COO/CFO | 50 | $410,228 | $61,795 |
| ERIK HAYWARD THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | EXECUTIVE VICE PRESIDENT | 50 | $290,168 | $58,005 |
| PAUL PIETROPAOLI THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | EXECUTIVE VICE PRESIDENT | 50 | $290,168 | $72,395 |
| KATHI GIEDRIS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $130,062 | $42,463 |
| JENNIFER COOK THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ACCOUNTING ASSISTANT Highest-paid employee | 40 | $130,062 | $41,558 |
| OWEN W WELLS THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 30 | $100,018 | $40,783 |
| MELISSA LEE THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | ADMINISTRATIVE ASSIS Highest-paid employee | 40 | $90,055 | $22,963 |
| PENDRED E NOYCE THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
| WILLIAM J RYAN THREE CANAL PLAZA PO BOX 17516, PORTLAND, ME 04112 | TRUSTEE | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 17516, PORTLAND, ME 04112-8516
- Signed the 990-PF
- JERE G MICHELSON, PRESIDENT & CEO
- Phone
- (207) 879-6280
- Website
- WWW.LIBRAFOUNDATION.ORG
- Return prepared by
- CBIZ ADVISORS LLC
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
- 04-6626994
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $156,547,414
- Income (IRS master file)
- $23,812,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $721,434 | $7,538,226 | $156,547,414 | XML |
| 990-PF | December 2024 | -$1,523,256 | $8,208,021 | $161,557,671 | IRS |
| 990-PF | December 2023 | -$339,498 | $9,054,568 | $170,023,543 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 04-6626994).
Questions about LIBRA FOUNDATION OWEN W WELLS TRUSTEE
- What is the EIN of LIBRA FOUNDATION OWEN W WELLS TRUSTEE?
- The employer identification number (EIN) of LIBRA FOUNDATION OWEN W WELLS TRUSTEE is 04-6626994.
- Is LIBRA FOUNDATION OWEN W WELLS TRUSTEE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to LIBRA FOUNDATION OWEN W WELLS TRUSTEE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LIBRA FOUNDATION OWEN W WELLS TRUSTEE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LIBRA FOUNDATION OWEN W WELLS TRUSTEE 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 LIBRA FOUNDATION OWEN W WELLS TRUSTEE 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 LIBRA FOUNDATION OWEN W WELLS TRUSTEE?
- The 990-PF for the year ended December 31, 2025 lists 11 people; 8 received compensation from the organization, the highest $426,728 (JERE G MICHELSON, PRESIDENT/COO/CFO).
- How much revenue does LIBRA FOUNDATION OWEN W WELLS TRUSTEE have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $721,434, expenses of $7,538,226 and total assets of $156,547,414 at year end.
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