Overview

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Est.

2020

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

IGNITE PRESQUE ISLE is a nonprofit organization dedicated to inspiring community revitalization and innovation through entrepreneurship in Presque Isle. With an operating budget of $3.6 million and total revenue of $3.9 million for the 2024 filing year, the organization is focused on restoring the iconic Northeastland Hotel as part of its non-traditional approach to serving the community. The organization does not appear to rely on a single funder for 50% or more of its revenue. For more information, visit IGNITEPI.ORG.

Mission Statement

OUR MISSION IS TO INSPIRE COMMUNITY REVITALIZATION AND INNOVATION BY PROMOTING ENTREPRENEURSHIP IN PRESQUE ISLE. WE'VE CREATED A NON-TRADITIONAL APPROACH TO SERVING THE COMMUNITY IN AN INNOVATIVE AND CREATIVE WAY. WE'RE BRINGING TOGETHER A SERVICE BASED NONPROFIT AND RESTORING THE ICONIC NORTHEASTLAND HOTEL TO HELP THE REVITALIZATION OF THE DOWNTOWN.
Revenues
$3.9M
Expenses
$3.6M
Net Income:
+$310.7K
Assets
$9.1M
Liabilities
$1.1M
Net Assets:
+$8M
Operating Budget
$3.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$16K
Largest grant received
$50K
L
Lerae Kinney
Board Member
K
Kallie Bard
Board Member
J
Julie Libby
Board Member

Frequently Asked Questions

What is IGNITE PRESQUE ISLE’s budget?
In 2024, IGNITE PRESQUE ISLE reported an annual operating budget of around $3.6 million. More detailed financial information is available to registered users.
What causes does IGNITE PRESQUE ISLE support?
IGNITE PRESQUE ISLE supports work in Rural development.
Where does IGNITE PRESQUE ISLE operate?
IGNITE PRESQUE ISLE is headquartered in Presque Isle, ME.
Who funded IGNITE PRESQUE ISLE recently?
In 2024, IGNITE PRESQUE ISLE received grants from BUSINESS EDUCATION PARTNERSHIP FOUNDATION, DONOR ADVISED CHARITABLE GIVING INC, and Maine Community Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant IGNITE PRESQUE ISLE received in 2024?
The largest grant to IGNITE PRESQUE ISLE in 2024 exceeds $50 thousand.
What is IGNITE PRESQUE ISLE’s reliance on government grants?
IGNITE PRESQUE ISLE relied on government grants for less than 5% of their total revenue in 2024.