Nonprofit · EIN 27-3987602
RSU 1 EDUCATION FOUNDATION
Tax-exempt · BATH, ME 04530
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,226 | $26,813 | $413 | $60,006 | $0 | $60,006 |
| June 30, 2024 | 990 | $12,723 | $20,320 | -$7,597 | $59,593 | $0 | $59,593 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $24,852
- Program service revenue
- $0
- Investment income
- $2,374
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $26,754
- Management and general (functional)
- $59
Balance sheet and other
- Total assets, start of year
- $59,593
- Total assets, end of year
- $60,006
- Total liabilities, end of year
- $0
- Net assets, end of year
- $60,006
- Gross receipts
- $27,226
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2009
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM RACINE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LOUIS ENSEL | TRUSTEE Trustee or director | 1 | $0 |
| KARA ZECH THELAN | TRUSTEE Trustee or director | 1 | $0 |
| LORNA RYAN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM RACINE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LOUIS ENSEL | TRUSTEE Trustee or director | 1 | $0 |
| KARA ZECH THELAN | TRUSTEE Trustee or director | 1 | $0 |
| LORNA RYAN | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 FRONT STREET, BATH, ME 04530-2492
- Mailing address (990-N for 2016)
- 1009 Washington St, Bath ME 04530
- Principal officer (990 for 2024)
- WILLIAM T RACINE, 1 FRONT STREET, BATH, ME 04530
- Principal officer (990-N for 2016)
- William Racine, 1009 Washington St, Bath ME 04530
- Signed the 990
- WILLIAM T RACINE, TREASURER
- Phone
- (207) 443-5716
- Return prepared by
- WILLIAM T RACINE CPA
Mission
SUPPORT AND ENHANCE THE EDUCATIONAL MISSION OF MAINE RSU #1
Program accomplishments
- SUPPORT OF THE EDUCATIONAL MISSION OF RSU #1, IT'S TEACHERS AND IT'S STUDENTS IN AREAS SUCH AS THE ARTS, TECHNOLOGY, VOCATIONAL EDUCATION AND OTHER AREAS.Expenses $26,754
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3987602
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B112)
- Assets (IRS master file)
- $60,006
- Income (IRS master file)
- $27,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,226 | $26,813 | $60,006 | XML |
| 990 | June 2024 | $12,723 | $20,320 | $59,593 | IRS |
| 990 | June 2023 | $45,717 | $44,687 | $67,190 | IRS |
| 990 | June 2022 | $23,729 | $19,394 | $66,160 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2016 Officer: William Racine | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-3987602).
Questions about RSU 1 EDUCATION FOUNDATION
- What is the EIN of RSU 1 EDUCATION FOUNDATION?
- The employer identification number (EIN) of RSU 1 EDUCATION FOUNDATION is 27-3987602.
- Is RSU 1 EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to RSU 1 EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RSU 1 EDUCATION FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of RSU 1 EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RSU 1 EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RSU 1 EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names WILLIAM T RACINE.
- Who are the officers and directors of RSU 1 EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does RSU 1 EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,226, expenses of $26,813 and total assets of $60,006 at year end.
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