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Maine · Nonprofit

Brooks Preservation Society

Brooks Preservation Society (Maine) receives grants from 3 organizations whose IRS filings report $17,206 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($10,000). 2 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$577k
Funders on record
3
Grants received
$17k
Net assets
$886k
2/3 repeat funderspeak grant-dependency 3%
01What it does

What Brooks Preservation Society does

Mission

Preserve, Maintain, Operate the Belfast Moosehead Lake Railroad

As stated on its FY2024 Form 990.

Programs

  1. Preserve, Maintain, Operate the Belfast Moosehead Lake Railroad. 2024 concluded with over 13,000 passengers attending our events including over 4,800 using the train for the Common Ground County Fair. A number of track improvement projects were completed including the surfacing of 5 miles of the operating territory and the re decking of the Unity Bridge. We continue to make improvements in the non operating territory between Brooks and Thorndike. The Railroad completed improvements to its leased space at 212 Depot Street and now has a Gift Shop, Ticketing station, and kitchen to support our food based events. The Railroad received a generous donation of land and money from a lifetime member. The land being the site of the former Thorndike Engine house which was damaged beyond repair by the December 2023 wind storm. The society also received a donation of a rare Bangor and Aroostook RR scale car.

    $296,254 spent$341,995 earned by the program
    85% of program spending
  2. Railcycle Program - Operations moved to Belfast and operated by staff. The operation got off to a late start due to the move and saw around 450 riders.

    $6,923 spent$12,932 earned by the program
    2% of program spending
  3. Locomotive Program - Repairs Maintenance 1483 remains our primary locomotive. 1950 is our backup unit. The railroad entered into an arrangement to obtain an SW1 locomotive 705 for storage and maintenance. Special idler trucks were rented to allow for the movement of the locomotive over the rail network to Unity Maine. It is hoped that this locomotive will become the primary unit for our excursion trains.

    $22,205 spent
    6% of program spending
  4. Program Service Expenses 22,670, Grants and allocations 0, Revenue 0 MOW Program - Used the TKO tie inserter for the first time this year. The machine is less versatile than the Fairmont but provides another machine for production work. The year ended with the acquisition of a used Case Tractor Backhoe and pickup truck from State Surplus.

    $22,670 spent
    7% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $348,052.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($291k) Expenses 100 ($282k) Net assets 100 ($547k)2021 Revenue 126 ($368k) Expenses 141 ($398k) Net assets 101 ($555k)2022 Revenue 111 ($323k) Expenses 104 ($294k) Net assets 106 ($580k)2023 Revenue 105 ($305k) Expenses 71 ($199k) Net assets 124 ($678k)2024 Revenue 198 ($577k) Expenses 124 ($348k) Net assets 162 ($886k)
20202021202220232024
Revenue (198)Expenses (124)Net assets (162)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.2M to $1.4M (+18%).

$1.2M
$1.4M
$1.4M
$1.5M
$1.6M
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 14% · 2021 12%. Grants only. Government contracts and fees sit inside program revenue.

29% of Brooks Preservation Society’s revenue is contributions — about as donation-reliant as the typical peer (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$9k
’20
−$30k
’21
$28k
’22
$106k
’23
$229k
’24
4.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Joey Feero

Executive Director

As listed on its FY2024 Form 990.

20202021202220232024
Listed33443
Joined·+0+1+0+0
No longer listed·0001
03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 2 funders, grant income fell $1k → $1k.

2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 59% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Brooks Preservation Society’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Brooks Preservation Society leans on a few funders — its largest provides 58% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

59% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Brooks Preservation Society.

58%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2020 94% · 2021 95% · 2022 90% · 2023 97% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

59% of Brooks Preservation Society's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $7k that is directly attributable, 100% of it comes from Maine funders.

ME

In-state vs out-of-state, by year

’20
’21
’22
’23
Maine out of state home

Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Brooks Preservation Society runs a healthier operating margin than three-quarters of the 17,936 arts & culture nonprofits its size.

Operating margin40% · top quartile
Months of reserve4.1mo · below the median
Revenue growth (annualized)19% · above the median

this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024

Organizations like Brooks Preservation Society

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maine

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

23
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

93%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Brooks Preservation Society: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Brooks Preservation Society?
Brooks Preservation Society (Maine) receives grants from 3 organizations whose IRS filings report $17,206 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($10,000). 2 of them have funded it in more than one year, and 59% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Brooks Preservation Society have?
IRS filings report 3 organizations giving $17,206 in grants to Brooks Preservation Society, 2 of which have funded it in more than one year.
Who is the largest funder of Brooks Preservation Society?
NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like Brooks Preservation Society find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Maine. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Brooks Preservation Society →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing