Maine Philanthropy Center

“The Organization offers several categories of membership: Grantmaker Members, Associate Members, Philanthropic Advisors and Individual Philanthropists. Grantmaker members include organizations that make grants to nonprofit organizations in Maine and may include private foundations, community foundations, corporate foundations/giving programs and public charity grantmakers. Associate members include nonprofit organizations and consultants/professional advisors serving nonprofits. Philanthropic advisors are those who are providing services and consultation to funders, both organizations and individuals. Members in all categories receive the benefits of membership including access to programs and online resources.”

“The MPC Finance Committee and MPC President review the draft 990 at fall meeting or as soon as available and make suggestions for corrections, if needed. The MPC Executive Committee reviews this draft and recommends a final 990. The MPC Board then reviews the final draft, makes recommendations if needed and then votes to approve the final version for filing with the recommended changes adopted.”

“Each member of the MPC Board and Staff is asked to review the organization's conflict of interest policy at the beginning of each year and self-disclose any potential conflict of interest by completing and signing a disclosure statement. The reported conflicts are reviewed by both the MPC President and the MPC Board Chair. In the case of an actual or possible conflict or appearance of conflict, it is the responsibility of the affected MPC Board, committee or staff member to disclose it prior to any related decisions being made by or for MPC. In cases involving a board or committee member, once such disclosure has been made the remaining board or committee members will determine whether or not there is a conflict of interest; if they determine that there is a conflict of interest, the director or committee member involved shall not vote or use personal influence on the matter, and the minutes of the meeting shall reflect such disclosure as well as that the individual involved did not vote; however, if so requested by a majority of the other members present, may remain in the room to answer questions of a factual nature that may assist the board or committee in its deliberations. In cases involving a member of MPC staff, the MPC president (or if the president has the potential conflict, the chair of the board) will determine whether or not there is a conflict of interest. An individual who is unsure whether his or her circumstances involve an actual conflict should err on the side of disclosure.”

“The Organization strives to provide compensation that recognizes, motivates and rewards its staff for their accomplishments and commitment to the Organization's mission. The Board of Directors performs an annual performance evaluation of the Organization's president and consults salary surveys conducted by the United Philanthropy Forum and the Maine Association of Nonprofits to set the compensation.”

“The Organization posts its latest Form 990 on its website and indicates on the website that certain other financial information and governance policies are available upon request.”

“During 2024, the Organization made a prior period adjustment to its books and records to account for sponsorship liabilities related to calendar year 2023.”