Maine Seacoast Mission

“The Mission has one class of members which may include individuals, limited liability companies, partnerships or other unincorporated organizations. Additionally, any person who makes a financial contribution to the Mission in any fiscal year shall be a Member of the Mission for that year.”

“Line 11a was answered "No" since the Mission's full Board of Directors reviews the "Public Inspection Copy" of the 990 and not the full IRS filing copy of the 990. The full Board of Directors reviews the Public Inspection Copy and not full IRS filing copy as some donors listed on Schedule B of the full IRS filing copy have requested to remain anonymous to the general public and members of the Mission's Board of Directors. Although the full Board of Directors reviews the "Public Inspection Copy" of the 990, it is the Mission's policy to have the Board's Treasurer and Chairman of the Audit Committee review the full IRS filing copy before it is filed with the IRS. A "draft" copy of the full IRS filing copy of Form 990 is first reviewed by the Mission's Chief Financial Officer and President as well as the Mission's Treasurer and the Chairperson of the Audit Committee. The "Public Inspection Copy" of the 990 is then given to the Mission's Audit Committee to review. After the Audit Committee approves the Public Inspection Copy of the 990, the President will sign Form 8453-EO and provide the signed form to the Mission's tax preparation firm, BerryDunn. The Chief Financial Officer will then provide a copy of the draft of the Public Inspection Copy of Form 990 to each member of the Board of Directors to review and make comments before the full IRS filing copy of the 990 is eventually electronically filed by BerryDunn. After the return is electronically filed. The Public Inspection Copy of the 990 is then posted to the Mission's website.”

“The policy is self-policing at the board level. Members recuse themselves from discussions and voting whenever they have a conflict of interest regarding the issue on the floor.”

“Current employee compensation setting procedures involve the consideration of the employees' roles and responsibilities, employee job performance reviews and periodic reviews of market compensation rates which are derived from various media including, but not limited to the internet, newspapers, and professional subscription services. The results of a recent compensation search from an independent source for comparison to the compensation of MSCM's President, Chief Financial Officer and Chief Development Officer determined that the current compensation of MSCM's key personnel fell within the compensation ranges derived from the search.”

“The Mission makes its financial statements available to the public through its website www.seacoastmission.org. The Mission's governing documents and conflict of interest policies are made available to the public by request through its Northeast Harbor office.”

“Section 1.263(a)-3(n) Election: Maine Seacoast Mission PO Box 600 Northeast Harbor, ME 04662 EIN 01-0216837 Maine Seacoast Mission is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Value of Split-Interest Agreements -38,680. Change in Value of Beneficiary Interest in Perpetual Trusts 463,839.”