Civic Intelligence

Edward H Daveis Benevolent Fund

990 • Fiscal year 2013 • EIN 01-0473137

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 12, 2014

245 Main StreetEllsworth, ME 04605

(207) 667-9735

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

13th percentile

-20%

Higher net margin than 13% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

88th percentile

$169,712

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 190.5% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

70th percentile

9.9%

Faster asset growth than 70% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

90th percentile

63%

Faster revenue growth than 90% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Up

$2,099,484

Up $189,501 (+9.9%) from 2012

Net Assets

Up

$2,099,484

Up $189,501 (+9.9%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

Up

$89,078

Up $34,502 (+63%) from 2012

Expenses

Up

$107,075

Up $1,186 (+1.1%) from 2012

Net Income

Up

-$17,997

Up $33,316 (+65%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $1,909,983Liabilities 2012: $0Net Assets 2012: $1,909,9832012Assets 2013: $2,099,484Liabilities 2013: $0Net Assets 2013: $2,099,4842013Assets 2014: $2,087,308Liabilities 2014: $0Net Assets 2014: $2,087,3082014Assets 2015: $1,960,666Liabilities 2015: $0Net Assets 2015: $1,960,6662015Assets 2016: $1,998,316Liabilities 2016: $0Net Assets 2016: $1,998,3162016Assets 2017: $2,170,896Liabilities 2017: $0Net Assets 2017: $2,170,8962017Assets 2018: $2,003,416Liabilities 2018: $0Net Assets 2018: $2,003,4162018Assets 2019: $2,166,589Liabilities 2019: $0Net Assets 2019: $2,166,5892019Assets 2020: $2,376,955Liabilities 2020: $0Net Assets 2020: $2,376,9552020Assets 2021: $2,719,591Liabilities 2021: $0Net Assets 2021: $2,719,5912021Assets 2022: $2,252,826Liabilities 2022: $0Net Assets 2022: $2,252,8262022Assets 2023: $2,397,058Liabilities 2023: $0Net Assets 2023: $2,397,0582023Assets 2024: $2,531,560Liabilities 2024: $0Net Assets 2024: $2,531,5602024

Highlighted filing

2013

Assets$2,099,484
Liabilities$0
Net Assets$2,099,484

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2012: $54,576Expenses 2012: $105,889Net Income 2012: -$51,3132012Revenue 2013: $89,078Expenses 2013: $107,075Net Income 2013: -$17,9972013Revenue 2014: $82,103Expenses 2014: $125,727Net Income 2014: -$43,6242014Revenue 2015: $80,538Expenses 2015: $120,223Net Income 2015: -$39,6852015Revenue 2016: $73,579Expenses 2016: $119,714Net Income 2016: -$46,1352016Revenue 2017: $73,876Expenses 2017: $124,360Net Income 2017: -$50,4842017Revenue 2018: $144,206Expenses 2018: $130,120Net Income 2018: $14,0862018Revenue 2019: $52,763Expenses 2019: $127,542Net Income 2019: -$74,7792019Revenue 2020: $82,757Expenses 2020: $137,129Net Income 2020: -$54,3722020Revenue 2021: $159,530Expenses 2021: $152,106Net Income 2021: $7,4242021Revenue 2022: $100,182Expenses 2022: $149,807Net Income 2022: -$49,6252022Revenue 2023: $216,793Expenses 2023: $154,679Net Income 2023: $62,1142023Revenue 2024: $300,667Expenses 2024: $158,169Net Income 2024: $142,4982024

Highlighted filing

2013

Revenue$89,078
Expenses$107,075
Net Income-$17,997
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 12, 2014
Return Version
2013v3.0
Gross Receipts
$89,078
Mission and Program Overview

Mission

Support the Maine Community Foundation (MCF) and its charitable and educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,909,983$2,099,484▲ $189,501
Total Assets$1,909,983$2,099,484▲ $189,501
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,909,983$2,099,484▲ $189,501
Total Net Assets Fund Balance$1,909,983$2,099,484▲ $189,501
Total Liabilities and Net Assets / Fund Balance$1,909,983$2,099,484▲ $189,501

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,099,484--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,909,983$0▲ $296,576$1,505$2,099,484
2012$1,781,037-▲ $227,916$2,145$1,909,983
2011$1,892,710-▼ $8,392$2,141$1,781,037
2010$1,754,615-▲ $211,501$111$1,892,710
2009$1,547,365$30▲ $356,621$1,812$1,754,615
Compensation and Service Providers

Employees

NameTitleBaseTotal
Frederic L ThompsonChair/Trustee$1,000$1,000

Board Members and Trustees

NameTitle
Erik C JorgensonTrustee
Katharine Fullam HarrisTrustee
James E GearyAssistant Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$89,078
Change in Net Assets
$-17,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$69,900
Other Expenses$36,175
Salaries, Compensation, and Employee Benefits$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$69,900--$69,900
Fees for Services Management$13,983$13,983-$27,966
Current Officers, Directors, Trustees, and Key Employees$1,000--$1,000
Other Expenses-$505-$505
Total Functional Expenses$84,883$22,192$0$107,075
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
01-0241767-501(c)(3)Early Childhood Education and Development Programming$10,000
01-0352636-501(c)(3)Young Adult Abuse Prevention and Coaching Girls Into Women Programs$7,500
01-6006058-501(c)(3)Partnership with Portland Public Schools to develop and implement "Read, Listen, Create, Play"$7,500
01-0509578-501(c)(3)Youth Leadership Academy$7,500
27-1424622-501(c)(3)CHEETA (Community Hope through Education, Empowerment, Training and Action) Project$5,500
30-0542352-MunicipalBolster family engagement at the REAL School$5,500
01-0538121-501(c)(3)2nd Annual "Girls Unlimited!" Conference$5,000
01-0353682-501(c)(3)Riverton Family Literacy Initiative$5,000
01-0316041-501(c)(3)Night-Light After School Program at the Parkside Neighborhood Center$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

A copy of Form 990 is sent electronically to all board members for review and comment. Once the allotted period of time has passed for board review, any additional corrections are made and Form 990 is filed with the IRS.

Form 990, Part VI, Section B, line 12C

Annually, all directors and officers are required to read the conflict of interest policy and sign a disclosure form on which each individual acknowledges their obligation to disclose any conflict of interest and comply with the conflict of interest policy. Directors also abstain from voting to approve grants to any organization for which they have an interest.

Form 990, Part VI, Section B, line 15

The Edward H. Daveis Benevolent Fund has no employees. However, the CEO and other officers of the supported organization, Maine Community Foundation (MCF), oversee the Edward H. Daveis Benevolent Fund. The process for determining compensation for the CEO of MCF includes use of an independent compensation consultant, compensation survey, and approval by the MCF Board Executive Committee, which acts as the compensation committee for the MCF Board. Periodic surveys and use of independent compensation consultants are employed to assist in determining compensation for officers and key employees. MCF also maintains salary ranges by position grades, which are reviewed and updated annually.

Form 990, Part VI, Section C, line 19

The governing documents, Form 990 and audited consolidated financial statements are available upon request. In addition, Form 990 and the audited consolidated financial statements are posted on the website of the supported organization, Maine Community Foundation, at www.mainecf.org.

Filing and Contact Details

Filer

EIN
01-0473137
Phone
2076679735

Signing Officer

Name
Frederic L Thompson
Title
Board Chair
Phone
2076679735
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederic L Thompson
Formed
1946
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audit process has not changed from the prior year.

Financial Statement Notes

Part V, Line 4:

The intended use of the endowment funds is for charitable grant-making to non-profit organizations in the greater Portland, ME area.

Part X, Line 2:

In certain circumstances, tax-exempt organizations may be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. Management has evaluated the Foundation's tax positions and concluded that the Foundation has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the consolidated financial statements. With few exceptions, the Foundation is no longer subject to income tax examinations by the U.S. Federal or State tax authorities for years before 2010.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RelatedOrgListSchRInd01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The intended use of the endowment funds is for charitable grant-making to non-profit organizations in the greater Portland, ME area.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1In certain circumstances, tax-exempt organizations may be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. Management has evaluated the Foundation's tax positions and concluded that the Foundation has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the consolidated financial statements. With few exceptions, the Foundation is no longer subject to income tax examinations by the U.S. Federal or State tax authorities for years before 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02099484
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/CashGrantAmt25000
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/CashGrantAmt45500
IRS990ScheduleI/RecipientTable/CashGrantAmt57500
IRS990ScheduleI/RecipientTable/CashGrantAmt65500
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt87500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6Municipal
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Young Adult Abuse Prevention and Coaching Girls Into Women Programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12nd Annual "Girls Unlimited!" Conference
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Riverton Family Literacy Initiative
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Night-Light After School Program at the Parkside Neighborhood Center
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4CHEETA (Community Hope through Education, Empowerment, Training and Action) Project
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Partnership with Portland Public Schools to develop and implement "Read, Listen, Create, Play"
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Bolster family engagement at the REAL School
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Early Childhood Education and Development Programming
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Youth Leadership Academy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Family Crisis Services
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11Hardy Girls Healthy Women
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12Learning Works
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13The Opportunity Alliance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14Portland Housing Services Corporation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine15Portland Maine Symphony Orchestra
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine16RSU 14
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine17United Way Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine18Westbrook Youth Center
IRS990ScheduleI/RecipientTable/RecipientEIN0010352636
IRS990ScheduleI/RecipientTable/RecipientEIN1010538121
IRS990ScheduleI/RecipientTable/RecipientEIN2010353682
IRS990ScheduleI/RecipientTable/RecipientEIN3010316041
IRS990ScheduleI/RecipientTable/RecipientEIN4271424622
IRS990ScheduleI/RecipientTable/RecipientEIN5016006058
IRS990ScheduleI/RecipientTable/RecipientEIN6300542352
IRS990ScheduleI/RecipientTable/RecipientEIN7010241767
IRS990ScheduleI/RecipientTable/RecipientEIN8010509578
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10PO Box 704
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11177 Main Street PO Box 821
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12181 Brackett Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1350 Monument Square
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1414 Baxter Boulevard
IRS990ScheduleI/RecipientTable/USAddress/AddressLine15PO Box 3573
IRS990ScheduleI/RecipientTable/USAddress/AddressLine16228 Windham Center Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine17PO Box 15200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine18755 Main Street
IRS990ScheduleI/RecipientTable/USAddress/City0Portland
IRS990ScheduleI/RecipientTable/USAddress/City1Waterville
IRS990ScheduleI/RecipientTable/USAddress/City2Portland
IRS990ScheduleI/RecipientTable/USAddress/City3Portland
IRS990ScheduleI/RecipientTable/USAddress/City4Portland
IRS990ScheduleI/RecipientTable/USAddress/City5Portland
IRS990ScheduleI/RecipientTable/USAddress/City6Windham
IRS990ScheduleI/RecipientTable/USAddress/City7Portland
IRS990ScheduleI/RecipientTable/USAddress/City8Westbrook
IRS990ScheduleI/RecipientTable/USAddress/State0ME
IRS990ScheduleI/RecipientTable/USAddress/State1ME
IRS990ScheduleI/RecipientTable/USAddress/State2ME
IRS990ScheduleI/RecipientTable/USAddress/State3ME
IRS990ScheduleI/RecipientTable/USAddress/State4ME
IRS990ScheduleI/RecipientTable/USAddress/State5ME
IRS990ScheduleI/RecipientTable/USAddress/State6ME
IRS990ScheduleI/RecipientTable/USAddress/State7ME
IRS990ScheduleI/RecipientTable/USAddress/State8ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode004104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode1049030821
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode204102
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode304101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode404101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode5041043573
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode604062
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode7041125200
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode804092
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant payments to organizations are initiated by recommendation from the review committee which consists of the board and directors. Grants are authorized by a vote at an annual committee meeting and then documented in the minutes of the committee meeting. Prior to awarding a grant, determination is made that the organization is a 501(c)(3) or a public organization in good standing. For grants to organizations, an award letter is sent with each grant check. The award letter clearly states the purpose of the grant and the terms of the award, which include a requirement that the organization will use the grant only for the purpose stated in the letter. The award letter also states that by depositing the grant check, the organization agrees to and accepts the terms of the award. Organizations receiving grants are required to submit a project progress report approximately 10 months after receiving payment of the grant. Organizations that fail to file a progress report are not eligible for future funding for one year or until the missing report is filed.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt09
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0132862
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt022282
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James E Geary
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Assistant Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0169712
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Edward H. Daveis Benevolent Fund does not have any employees. However, the Vice President/CFO of Maine Community Foundation (MCF), the supported organization, oversees the finances of the Edward H. Daveis Benevolent Fund. MCF uses several of the options listed in Part I, Line 3 to assist in establishing the compensation for this position.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of Form 990 is sent electronically to all board members for review and comment. Once the allotted period of time has passed for board review, any additional corrections are made and Form 990 is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annually, all directors and officers are required to read the conflict of interest policy and sign a disclosure form on which each individual acknowledges their obligation to disclose any conflict of interest and comply with the conflict of interest policy. Directors also abstain from voting to approve grants to any organization for which they have an interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Edward H. Daveis Benevolent Fund has no employees. However, the CEO and other officers of the supported organization, Maine Community Foundation (MCF), oversee the Edward H. Daveis Benevolent Fund. The process for determining compensation for the CEO of MCF includes use of an independent compensation consultant, compensation survey, and approval by the MCF Board Executive Committee, which acts as the compensation committee for the MCF Board. Periodic surveys and use of independent compensation consultants are employed to assist in determining compensation for officers and key employees. MCF also maintains salary ranges by position grades, which are reviewed and updated annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, Form 990 and audited consolidated financial statements are available upon request. In addition, Form 990 and the audited consolidated financial statements are posted on the website of the supported organization, Maine Community Foundation, at www.mainecf.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The audit process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0272173163
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Artwork investment and sales
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine10Muir Limited Liability Company
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine10c/o MCF 245 Main Street
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/City0Ellsworth
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/State0ME
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCode004605
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10Maine Community Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11Maine Community Foundation

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$0.00$2.53$0.30$0.16$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.22$0.15$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.00$2.25$0.10$0.15$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.00$2.72$0.16$0.15$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.00$2.38$0.08$0.14$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.00$2.17$0.05$0.13$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.00$2.00$0.14$0.13$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.00$2.17$0.07$0.12$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.00$2.00$0.07$0.12$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.08$0.12$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.08$0.13$0.04
2013Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$0.09$0.11$0.02
2012Summary only. Only limited summary data is available for this year.$1.91$0.00$1.91$0.05$0.11$0.05