Civic Intelligence

Alfond Scholarship Foundation

EIN 26-1765514 • 501(c)3 • Portland, ME

Profile

The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education.

482 Congress Street Suite 303Portland, ME 04101

www.alfondscholarshipfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.22x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

32nd percentile

-1.9%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$183,426

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

21st percentile

-4.6%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-1.1%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$1,677,903

Down $80,952 (-4.6%) from 2023

Liabilities

Up

$1,546,415

Up $55,514 (+3.7%) from 2023

Net Assets

Down

$131,488

Down $136,466 (-51%) from 2023

Operations
Liabilities / Revenue57th percentileNet Margin32nd percentile

Revenue

Down

$7,161,628

Down $81,007 (-1.1%) from 2023

Expenses

Down

$7,298,094

Down $80,595 (-1.1%) from 2023

Net Income

Down

-$136,466

Down $412 (-0.3%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2013: $28,886Liabilities 2013: $6,934Net Assets 2013: $21,9522013Assets 2014: $1,544,603Liabilities 2014: $1,509,981Net Assets 2014: $34,6222014Assets 2015: $1,721,318Liabilities 2015: $1,531,837Net Assets 2015: $189,4812015Assets 2016: $2,218,254Liabilities 2016: $1,991,699Net Assets 2016: $226,5552016Assets 2017: $2,613,540Liabilities 2017: $2,301,379Net Assets 2017: $312,1612017Assets 2019: $1,930,355Liabilities 2019: $1,601,550Net Assets 2019: $328,8052019Assets 2020: $1,806,089Liabilities 2020: $1,542,955Net Assets 2020: $263,1342020Assets 2021: $1,799,589Liabilities 2021: $1,563,990Net Assets 2021: $235,5992021Assets 2022: $2,013,971Liabilities 2022: $1,609,963Net Assets 2022: $404,0082022Assets 2023: $1,758,855Liabilities 2023: $1,490,901Net Assets 2023: $267,9542023Assets 2024: $1,677,903Liabilities 2024: $1,546,415Net Assets 2024: $131,4882024

Highlighted filing

2024

Assets$1,677,903
Liabilities$1,546,415
Net Assets$131,488
Open 2024 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2013: $3,522,066Expenses 2013: $3,506,946Net Income 2013: $15,1202013Revenue 2014: $12,294,887Expenses 2014: $12,282,217Net Income 2014: $12,6702014Revenue 2015: $6,787,304Expenses 2015: $6,632,445Net Income 2015: $154,8592015Revenue 2016: $7,018,266Expenses 2016: $6,981,192Net Income 2016: $37,0742016Revenue 2017: $7,812,082Expenses 2017: $7,726,476Net Income 2017: $85,6062017Revenue 2019: $7,383,187Expenses 2019: $7,220,097Net Income 2019: $163,0902019Revenue 2020: $6,981,556Expenses 2020: $7,047,227Net Income 2020: -$65,6712020Revenue 2021: $7,054,853Expenses 2021: $7,082,388Net Income 2021: -$27,5352021Revenue 2022: $7,474,819Expenses 2022: $7,306,410Net Income 2022: $168,4092022Revenue 2023: $7,242,635Expenses 2023: $7,378,689Net Income 2023: -$136,0542023Revenue 2024: $7,161,628Expenses 2024: $7,298,094Net Income 2024: -$136,4662024

Highlighted filing

2024

Revenue$7,161,628
Expenses$7,298,094
Net Income-$136,466
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,677,903
Liabilities
$1,546,415
Net assets
$131,488
Revenue
$7,161,628
Expenses
$7,298,094
Net income
-$136,466
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$1.55$0.13$7.16$7.30$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$1.49$0.27$7.24$7.38$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$1.61$0.40$7.47$7.31$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.56$0.24$7.05$7.08$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$1.54$0.26$6.98$7.05$0.07
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.60$0.33$7.38$7.22$0.16
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$2.30$0.31$7.81$7.73$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$1.99$0.23$7.02$6.98$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$1.53$0.19$6.79$6.63$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.54$1.51$0.03$12.3$12.3$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$3.52$3.51$0.02
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 17, 2022
Return Version
2021v4.2
Gross Receipts
$7,474,819
Mission and Program Overview

Mission

The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,541,500$1,576,500▲ $35,000
Cash and Non-Interest-Bearing Accounts$253,666$436,430▲ $182,764
Land, Buildings, and Equipment, Net$3,074$1,024▼ $2,050
Prepaid Expenses and Deferred Charges$1,349$17▼ $1,332
Total Assets$1,799,589$2,013,971▲ $214,382
Liabilities
Grants Payable$1,541,500$1,526,500▼ $15,000
Accounts Payable and Accrued Expenses$22,490$83,463▲ $60,973
Total Liabilities$1,563,990$1,609,963▲ $45,973
Net Assets / Fund Balance
Net Assets With Donor Restrictions$128,071$307,720▲ $179,649
Net Assets Without Donor Restrictions$107,528$96,288▼ $11,240
Total Net Assets Fund Balance$235,599$404,008▲ $168,409
Total Liabilities and Net Assets / Fund Balance$1,799,589$2,013,971▲ $214,382

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,024$8,571$9,595
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Colleen QuintPresident/CEOFT$134,259$17,762$152,021

Board Members and Trustees

NameTitle
Steve AkinChair
Scott B BullockVice Chair
Amanda Vamvakias RandDirector
Anne Swift-KayattaDirector
Carlos MelloDirector
Christina CuthbertDirector
Dannel MalloyDirector
Dave DaiglerDirector
Jennifer Alfond SeemanDirector
Jon FitzgeraldDirector
Kim LippDirector
Pender MakinDirector
Steve DeCastroDirector
William B WilliamsonDirector
J Duke AlbaneseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,474,611
Program Service Revenue
$0
Investment Income
$208
Other Revenue
$0
All Other Contributions
$7,474,611
Change in Net Assets
$168,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,474,819
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,474,819
Total Revenue per Form 990
$7,474,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,987,450
Other Expenses$1,055,360
Salaries, Compensation, and Employee Benefits$263,600
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,987,450--$5,987,450
Fees for Services Other$218,545$98,346-$316,891
Current Officers, Directors, Trustees, and Key Employees-$134,259-$134,259
Other Employee Benefits-$62,766-$62,766
Other Salaries and Wages-$50,000-$50,000
Advertising$30,935--$30,935
Payroll Taxes-$16,575-$16,575
Fees for Services Legal-$12,605-$12,605
Fees for Services Accounting-$12,000-$12,000
Insurance-$9,979-$9,979
Other Expenses$157,319$7,495-$7,495
Travel-$3,120-$3,120
Depreciation Depletion-$2,049-$2,049
Total Functional Expenses$6,897,216$409,194$0$7,306,410

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,306,410
Total Expenses per Audited Statements$7,306,410
Total Expenses per Form 990$7,306,410
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The President and Finance Manager are part of the 990 preparation process and review in final form before filing with the IRS.”

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

“All officers and directors of the Foundation are required to sign a disclosure annually after receiving a copy of the conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The President/CEO is reviewed by the Board Chair and Vice Chair. Officers do not receive compensation.”

Form 990, Part VI, Section C, line 19

“The Organization provides copies upon request.”

Filing and Contact Details

Filer

Filer Name
Alfond Scholarship Foundation
EIN
26-1765514
Phone
2073478638
Address
482 Congress Street Suite 303, Portland, ME 04101

Signing Officer

Name
Colleen Quint
Title
President
Phone
2073478638
Signed
2022-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen Quint
Formed
2007
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
0

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
Richard E Emerson Jr CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“Management of the Foundation believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits.”

Raw XML AppendixShowing 400 of 519 raw XML fields

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

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt083463
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IRS990/BooksInCareOfDetail/PhoneNum02073478638
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0482 Congress St Suite 303
IRS990/BooksInCareOfDetail/USAddress/CityNm0Portland
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IRS990/ConservationEasementsInd00
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IRS990/FeesForServicesOtherGrp/TotalAmt0316891
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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IRS990/Form990PartVIISectionAGrp/PersonNm0Steve DeCastro
IRS990/Form990PartVIISectionAGrp/PersonNm1Steve Akin
IRS990/Form990PartVIISectionAGrp/PersonNm2Scott B Bullock
IRS990/Form990PartVIISectionAGrp/PersonNm3Jon Fitzgerald
IRS990/Form990PartVIISectionAGrp/PersonNm4Christina Cuthbert
IRS990/Form990PartVIISectionAGrp/PersonNm5Anne Swift-Kayatta
IRS990/Form990PartVIISectionAGrp/PersonNm6William B Williamson
IRS990/Form990PartVIISectionAGrp/PersonNm7Pender Makin
IRS990/Form990PartVIISectionAGrp/PersonNm8Amanda Vamvakias Rand
IRS990/Form990PartVIISectionAGrp/PersonNm9J Duke Albanese
IRS990/Form990PartVIISectionAGrp/PersonNm10Jennifer Alfond Seeman
IRS990/Form990PartVIISectionAGrp/PersonNm11Dannel Malloy
IRS990/Form990PartVIISectionAGrp/PersonNm12Kim Lipp
IRS990/Form990PartVIISectionAGrp/PersonNm13Dave Daigler
IRS990/Form990PartVIISectionAGrp/PersonNm14Carlos Mello
IRS990/Form990PartVIISectionAGrp/PersonNm15Colleen Quint
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President/CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt05987450
IRS990/GrantsPayableGrp/BOYAmt01541500
IRS990/GrantsPayableGrp/EOYAmt01526500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt05987450
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt05987450
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07474819
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09979
IRS990/InsuranceGrp/TotalAmt09979
IRS990/InvestmentIncomeGrp/ExclusionAmt0208
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0208
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
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IRS990/LandBldgEquipCostOrOtherBssAmt09595
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0235599
IRS990/NetAssetsOrFundBalancesEOYAmt0404008
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0107528
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt096288
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt062766
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062766
IRS990/OtherExpensesGrp/Desc0Fulfillment
IRS990/OtherExpensesGrp/Desc1Step-Up Programming
IRS990/OtherExpensesGrp/Desc2Special Projects
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07495
IRS990/OtherExpensesGrp/ProgramServicesAmt0316987
IRS990/OtherExpensesGrp/ProgramServicesAmt1185980
IRS990/OtherExpensesGrp/ProgramServicesAmt2157319
IRS990/OtherExpensesGrp/TotalAmt0316987
IRS990/OtherExpensesGrp/TotalAmt1185980
IRS990/OtherExpensesGrp/TotalAmt2157319
IRS990/OtherExpensesGrp/TotalAmt37495
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050000
IRS990/OtherSalariesAndWagesGrp/TotalAmt050000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016575
IRS990/PayrollTaxesGrp/TotalAmt016575
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01541500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01576500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01349
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017
IRS990/PrincipalOfficerNm0Colleen Quint
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07054169
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05884500
IRS990/PYInvestmentIncomeAmt0684
IRS990/PYOtherExpensesAmt0995359
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-27535
IRS990/PYSalariesCompEmpBnftPaidAmt0202529
IRS990/PYTotalExpensesAmt07082388
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07054853
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0168409
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt06
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN2016000769
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd31
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd41
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd51
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd26
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd36
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd48
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd58
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0316891
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Finance Authority of Maine
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Educate Maine
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2University of Maine System
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3Maine Community College System
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4Maine Community Foundation
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5Sen George J Mitchell Research Foundation
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0316891
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01024
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08571
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09595
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07306410
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07474819
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management of the Foundation believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt07306410
IRS990ScheduleD/TotalRevenuePerForm990Amt07474819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07474819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07306410
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05987450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Harold Alfond College Challenge "NextGen" Section 529 plan grant administered by the Finance Authority of Maine (FAME).
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012004
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Alfond Scholarship Foundation is responsible for oversight, promotion, and financial support of the Harold Alfond College Challenge program. The Harold Alfond College Challenge is a new program that will provide a $500 grant to every Maine baby to start a college investing account and help Maine families plan for a child's college education. This $500 grant is for Maine babies born on or after January 1, 2009. Every Maine resident baby is eligible. The Foundation has a contractual arrangement with the Finance Authority of Maine (FAME) for which FAME will accept, invest and manage the scholarship funds as Section 529 plans. As accounts of participating children become eligible, FAME will disburse the account funds for eligible qualified higher education expenses.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

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