Penquis Cap
Penquis Cap reported $71.2 million in revenue and $67.6 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $94.66 went to program services, $4.83 to management and general costs and $0.51 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 56.4% of the total. Government grants made up 39.9%. The highest compensation it reported for one person was $305,093 (CHIEF EXECUTIVE OFFICER). 15 people received more than $100,000 in reportable compensation. Revenue rose 18% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $68MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $71MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.7% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.8% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 42.0% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 39.9% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 56.4% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $305,093 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 15 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.1 | 6.9 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTransportation services: penquis reports lynx mobility and transportation brokerage under one department. The transportation brokerage is the single source for scheduling mainecare nonemergency transportation in penobscot, piscataquis, somerset, and kennebec counties. Lynx mobility services provides and coordinates non mainecare transportation, including transportation services to general public for treatment for cancer clients, and for individuals with disabilities. It also provides mainecare non-emergency transportation in support of the transportation brokerage
Child development services: supports the development of children to their highest potential, recognizes parents as the prime educators of their children, and assists families in the attainment of resources and personal development resulting in a healthier and more prosperous community
The family enrichment services: supports families, parents, children and individuals in becoming stronger, healthier and more self-sufficient. Through personal and community support, early childhood education, violence prevention and intervention, mental and behavioral health services, and appropriate linkages, we support each family, parent, child, individual, and the community to reach physical, emotional and economic health
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 38.00 hrs/week | $261,773 | $0 | $43,320 | $305,093 |
| CHIEF FINANCIAL OFFICER Officer, 39.00 hrs/week | $196,688 | $0 | $37,152 | $233,840 |
| DEVELOPMENT DIRECTOR Highest compensated employee, 40.00 hrs/week | $158,286 | $0 | $48,096 | $206,382 |
| CHIEF OPERATING OFFICER Officer, 39.00 hrs/week | $173,435 | $0 | $20,291 | $193,726 |
| DIRECTOR - HES Highest compensated employee, 40.00 hrs/week | $166,656 | $0 | $26,617 | $193,273 |
| DIRECTOR - TRANSPORTATION Highest compensated employee, 40.00 hrs/week | $156,618 | $0 | $31,746 | $188,364 |
| DIRECTOR - HD Highest compensated employee, 22.00 hrs/week | $136,675 | $0 | $30,637 | $167,312 |
| DIRECTOR - HR Highest compensated employee, 40.00 hrs/week | $143,755 | $0 | $9,373 | $153,128 |
15 people received more than $100,000 in reportable compensation from Penquis Cap (Part VII, line 2). Compensation of current officers, directors and key employees totaled $773K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5621
- Volunteers Part I, line 6436
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| RON GALLANT DBA CAMPUS TAXI Transportation services | $760,645 |
| FAB CAB INC Transportation services | $753,704 |
| C & S CAB COMPANY Transportation services | $655,369 |
| MAS STAFFING Staffing services | $555,734 |
| EATON PEABODY ATTORNEYS AT LAW Legal | $547,899 |
Individuals listed as contractors are left out. 30 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Penquis Cap totaling $33,053 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Penquis Cap's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Penquis Cap, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Penquis Cap spent in FY2025, $94.66 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Northeast Michigan Community Service AgencyAlpena, MI · revenue $71M · programs 96.4% · FY2025
- Independent Living AssociationBrooklyn, NY · revenue $71M · programs 92.7% · FY2025
- Community Support ServicesGaithersburg, MD · revenue $71M · programs 90.1% · FY2025
- Evergreen Presbyterian MinistriesHaughton, LA · revenue $71M · programs 75.0% · FY2025
- Area Agency on Aging of Western MichiganGrand Rapids, MI · revenue $70M · programs 95.9% · FY2025
Questions people ask
How much of Penquis Cap's spending goes to programs?
In the fiscal year ending September 30, 2025, Penquis Cap reported that 94.7% of its $67.6 million in expenses went to program services, 4.8% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Penquis Cap pay its top executive?
The largest total compensation Penquis Cap reported for one person in the fiscal year ending September 30, 2025 was $305,093, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Penquis Cap get its money?
Of $71.2 million in revenue in the fiscal year ending September 30, 2025, 42.0% came from contributions and grants (including 39.9% from government grants) and 56.4% from program service revenue (Form 990, Part VIII).
Is Penquis Cap a registered charity?
The IRS lists EIN 01-6023748 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642299349300519 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202502279349302130 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442279349302319 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342269349300924 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222179349300042 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102229349302005 · read the filing
All filings for EIN 01-6023748: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.