Nonprofit · EIN 86-1274227
IGNITE PRESQUE ISLE
Tax-exempt · PRESQUE ISLE, ME 04769
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,392,680 | $3,769,903 | -$377,223 | $9,325,099 | $1,681,447 | $7,643,652 |
| December 31, 2024 | 990 | $3,917,117 | $3,606,387 | $310,730 | $9,121,582 | $1,100,707 | $8,020,875 |
| December 31, 2023 | 990 (amended) | $5,228,714 | $3,653,438 | $1,575,276 | $8,852,197 | $1,142,052 | $7,710,145 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $245,015
- of which government grants
- $50,515
- Program service revenue
- $3,123,304
- Investment income
- $24,361
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,645,650
- Salaries, compensation and benefits (total)
- $1,825,408
- Professional fundraising fees
- $0
- Occupancy
- $292,933
- Depreciation
- $310,082
- Program services (functional)
- $3,054,884
- Management and general (functional)
- $715,019
Balance sheet and other
- Total assets, start of year
- $9,121,582
- Total assets, end of year
- $9,325,099
- Total liabilities, end of year
- $1,681,447
- Net assets, end of year
- $7,643,652
- Land, buildings and equipment
- $8,485,930
- Net assets without donor restrictions
- $7,532,301
- Net assets with donor restrictions
- $111,351
- Gross unrelated business income
- $3,107,385
- Gross receipts
- $3,392,680
- Employees
- 88
- Year formed
- 2020
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LERAE KINNEY | CEO Officer | 40 | $140,734 |
| KALLIE BARD | SECRETARY Trustee or director, Officer | 1 | $0 |
| CATHY BEAULIEU | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| CHAD BREWER | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS CONDON | DIRECTOR Trustee or director | 1 | $0 |
| ANGIE HELTON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE LIBBY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES NELSON | TREASURER Trustee or director, Officer | 1 | $0 |
| STEPHEN RICHARD | DIRECTOR Trustee or director | 1 | $0 |
| ABEL RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE SARGENT | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA SUTHERLAND | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LERAE KINNEY | CEO Officer | 40 | $132,970 |
| KALLIE BARD | SECRETARY Trustee or director, Officer | 1 | $0 |
| CATHY BEAULIEU | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| CHRIS CONDON | DIRECTOR Trustee or director | 1 | $0 |
| ANGIE HELTON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE LIBBY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES NELSON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRUCE SARGENT | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA SUTHERLAND | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LERAE KINNEY | CEO Officer | 40 | $128,002 |
| KALLIE BARD | SECRETARY Trustee or director, Officer | 1 | $0 |
| CATHY BEAULIEU | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| ANGIE HELTON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE LIBBY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES NELSON | TREASURER Trustee or director, Officer | 1 | $0 |
| RYAN PELLETIER | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE SARGENT | DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA SUTHERLAND | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 436 MAIN ST, PRESQUE ISLE, ME 04769-2601
- In care of
- % CLINTON DESCHENE
- Principal officer (990 for 2025)
- LERAE KINNEY
- Signed the 990
- LERAE KINNEY, CEO
- Phone
- (207) 764-3747
- Website
- IGNITEPI.ORG
- Return prepared by
- CHESTER M KEARNEY PA
Mission
INSPIRE COMMUNITY REVITALIZATION AND INNOVATION BY PROMOTING ENTREPRENEURSHIP IN PRESQUE ISLE
Program accomplishments
- OUR INNOVATION CENTER IS IGNITE PI'S INAUGURAL PROJECT. WE'VE CREATED A STORE FRONT SPACE AS AN ENTREPRENEURIAL NEXUS WITH THE MOST INNOVATIVE CO- WORKSPACE IN NEW ENGLAND. WE'VE JUST BEGUN AN IMPRESSIVE RENOVATION PLAN TO TRANSFORM THE STORE FRONT PROPERTY INTO THE NEXT GENERATION OF BUSINESS IN THE HEART OF PRESQUE ISLE. OUR CENTER COMPLIMENTS EXISTING BUSINESSES AND SERVICES IN THE DOWNTOWN DISTRICT. WE'RE PROMOTING AN ENTREPRENEURIAL SPIRIT TO BRING THE COMMUNITY TOGETHER FOR GENERATIONS TO COME.Expenses $2,025 · revenue $15,919
- HOTEL AND RESTAURANT OPERATIONS SUPPORT INNOVATION CENTER.Expenses $3,052,859 · revenue $3,107,385
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 | 990 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
- 86-1274227
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $9,325,099
- Income (IRS master file)
- $3,392,680
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,392,680 | $3,769,903 | $9,325,099 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $3,917,117 | $3,606,387 | $9,121,582 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,228,714 | $3,653,438 | $8,852,197 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,298,460 | $2,564,428 | $7,391,898 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | 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 86-1274227).
Questions about IGNITE PRESQUE ISLE
- What is the EIN of IGNITE PRESQUE ISLE?
- The employer identification number (EIN) of IGNITE PRESQUE ISLE is 86-1274227.
- Is IGNITE PRESQUE ISLE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to IGNITE PRESQUE ISLE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IGNITE PRESQUE ISLE 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 IGNITE PRESQUE ISLE 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 IGNITE PRESQUE ISLE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of IGNITE PRESQUE ISLE?
- The 990 for the year ended December 31, 2025 names LERAE KINNEY.
- Who are the officers and directors of IGNITE PRESQUE ISLE?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $140,734 (LERAE KINNEY, CEO).
- How much revenue does IGNITE PRESQUE ISLE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,392,680, expenses of $3,769,903 and total assets of $9,325,099 at year end.
Other nonprofits in PRESQUE ISLE
- AROOSTOOK ENERGY ASSOCIATION EIN 82-1156959 · last filed 990 for 2024
- PRESQUE ISLE COMMUNITY DEVELOPMENT ASSOCIATION INC EIN 47-1606755 · last filed 990 for 2024
- SINAWIK INC EIN 01-0353202 · last filed 990-EZ for 2025
- AROOSTOOK MENTAL HEALTH SERVICES INC EIN 01-0276859 · last filed 990 for 2025
- AROOSTOOK COUNTY ACTION PROGRAM INC EIN 01-0315849 · last filed 990 for 2025
- CENTRAL AROOSTOOK ASSOCIATION EIN 01-0263507 · last filed 990 for 2025
- AROOSTOOK AREA AGENCY ON AGING INC EIN 01-0322531 · last filed 990 for 2025
- NORTHERN LIGHTHOUSE INC EIN 01-0547336 · last filed 990 for 2024
All nonprofits in PRESQUE ISLE · Maine · Community improvement and capacity building