Civic Intelligence

The Foundation for Maine'S Community

EIN 27-1363414 • 501(c)3 • South Portland, ME

View Organization Page

Profile

The Foundation for Maine's Community Colleges is dedicated to ensuring that the State's seven community colleges have the resources they need to provide a high quality, affordable, and accessible college education for Maine people.

54 Lighthouse CircleSouth Portland, ME 04106

www.maineccfoundation.org

Siviq Scores

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

Liabilities / Assets

46th percentile

0.10x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

0.63x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

1st percentile

-276%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

62nd percentile

$159,639

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

4th percentile

-35%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-29%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$6,163,766

Down $3,270,136 (-35%) from 2024

Liabilities

Down

$618,341

Down $1,009,796 (-62%) from 2024

Net Assets

Down

$5,545,425

Down $2,260,340 (-29%) from 2024

Operations
Liabilities / Revenue78th percentileNet Margin1st percentile

Revenue

Down

$980,979

Down $398,342 (-29%) from 2024

Expenses

Down

$3,691,939

Down $3,235,390 (-47%) from 2024

Net Income

Up

-$2,710,960

Up $2,837,048 (+51%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

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

$30M$20M$10M$0Assets 2011: $7,814,381Liabilities 2011: $193,803Net Assets 2011: $7,620,5782011Assets 2012: $8,098,082Liabilities 2012: $862,587Net Assets 2012: $7,235,4952012Assets 2013: $7,607,148Liabilities 2013: $809,192Net Assets 2013: $6,797,9562013Assets 2014: $7,491,914Liabilities 2014: $667,051Net Assets 2014: $6,824,8632014Assets 2015: $8,109,164Liabilities 2015: $2,119,022Net Assets 2015: $5,990,1422015Assets 2016: $7,343,612Liabilities 2016: $371,263Net Assets 2016: $6,972,3492016Assets 2017: $7,378,975Liabilities 2017: $299,483Net Assets 2017: $7,079,4922017Assets 2018: $6,014,846Liabilities 2018: $257,208Net Assets 2018: $5,757,6382018Assets 2019: $8,491,613Liabilities 2019: $435,464Net Assets 2019: $8,056,1492019Assets 2020: $8,040,056Liabilities 2020: $621,259Net Assets 2020: $7,418,7972020Assets 2021: $8,006,332Liabilities 2021: $675,480Net Assets 2021: $7,330,8522021Assets 2022: $20,354,624Liabilities 2022: $1,067,456Net Assets 2022: $19,287,1682022Assets 2023: $14,060,481Liabilities 2023: $1,036,265Net Assets 2023: $13,024,2162023Assets 2024: $9,433,902Liabilities 2024: $1,628,137Net Assets 2024: $7,805,7652024Assets 2025: $6,163,766Liabilities 2025: $618,341Net Assets 2025: $5,545,4252025

Highlighted filing

2025

Assets$6,163,766
Liabilities$618,341
Net Assets$5,545,425
Open 2025 Filing

Operations Trend

Revenue Growth10th percentile

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

$20M$10M$0-$10MExpenses 2011: $758,7172011Expenses 2012: $3,176,1282012Expenses 2013: $2,093,0052013Revenue 2014: $1,202,464Expenses 2014: $1,175,557Net Income 2014: $26,9072014Revenue 2015: $2,632,093Expenses 2015: $3,405,773Net Income 2015: -$773,6802015Revenue 2016: $2,395,611Expenses 2016: $1,413,404Net Income 2016: $982,2072016Revenue 2017: $3,285,806Expenses 2017: $3,178,663Net Income 2017: $107,1432017Revenue 2018: $2,116,793Expenses 2018: $3,252,893Net Income 2018: -$1,136,1002018Revenue 2019: $5,054,259Expenses 2019: $2,781,500Net Income 2019: $2,272,7592019Revenue 2020: $2,189,713Expenses 2020: $2,844,514Net Income 2020: -$654,8012020Revenue 2021: $2,353,007Expenses 2021: $2,642,418Net Income 2021: -$289,4112021Revenue 2022: $16,834,487Expenses 2022: $3,942,310Net Income 2022: $12,892,1772022Revenue 2023: $1,406,703Expenses 2023: $8,256,473Net Income 2023: -$6,849,7702023Revenue 2024: $1,379,321Expenses 2024: $6,927,329Net Income 2024: -$5,548,0082024Revenue 2025: $980,979Expenses 2025: $3,691,939Net Income 2025: -$2,710,9602025

Highlighted filing

2025

Revenue$980,979
Expenses$3,691,939
Net Income-$2,710,960
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,163,766
Liabilities
$618,341
Net assets
$5,545,425
Revenue
$980,979
Expenses
$3,691,939
Net income
-$2,710,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.16$0.62$5.55$0.98$3.69$2.71
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.43$1.63$7.81$1.38$6.93$5.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$1.04$13.0$1.41$8.26$6.85
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$1.07$19.3$16.8$3.94$12.9
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.01$0.68$7.33$2.35$2.64$0.29
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.04$0.62$7.42$2.19$2.84$0.65
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.49$0.44$8.06$5.05$2.78$2.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.01$0.26$5.76$2.12$3.25$1.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.38$0.30$7.08$3.29$3.18$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.34$0.37$6.97$2.40$1.41$0.98
2015Detailed filing. Detailed filing data is available for this year.$8.11$2.12$5.99$2.63$3.41$0.77
2014Detailed filing. Detailed filing data is available for this year.$7.49$0.67$6.82$1.20$1.18$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.61$0.81$6.80$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.10$0.86$7.24$3.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.81$0.19$7.62$0.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$980,979
Mission and Program Overview

Mission

The Foundation for Maine's Community Colleges is dedicated to ensuring that the State's seven community colleges have the resources they need to provide a high quality, affordable, and accessible college education for Maine people.

Provide support and resources for Maine's seven community colleges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,461,862$3,156,268▼ $2,305,594
Investments in Publicly Traded Securities$1,647,421$1,839,107▲ $191,686
Pledges and Grants Receivable$2,321,190$1,159,721▼ $1,161,469
Prepaid Expenses and Deferred Charges$3,429$8,670▲ $5,241
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$9,433,902$6,163,766▼ $3,270,136
Liabilities
Accounts Payable and Accrued Expenses$1,628,137$618,341▼ $1,009,796
Total Liabilities$1,628,137$618,341▼ $1,009,796
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,942,906$3,408,547▼ $2,534,359
Net Assets Without Donor Restrictions$1,862,859$2,136,878▲ $274,019
Total Net Assets Fund Balance$7,805,765$5,545,425▼ $2,260,340
Total Liabilities and Net Assets / Fund Balance$9,433,902$6,163,766▼ $3,270,136

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$37,959$37,959

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$948,159---$948,159
2023$948,159---$948,159
2022$948,159---$948,159
2021$903,159$45,000--$948,159
2020$762,033$141,126--$903,159
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr John FitzsimmonsPresidentFT$118,763$40,876$159,639

Board Members and Trustees

NameTitle
Hon John R McKernan JrChair
Lisa M GormanVice Chair
David DaiglerDirector
Elaine D RosenDirector
Joseph PuringtonDirector
Robert Montgomery-RiceDirector
Scott BallardDirector
Tony DiSottoDirector
Hon Daniel E WathenSecretary
Lawrence A WoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$474,314
Program Service Revenue
$384,787
Investment Income
$121,878
Other Revenue
$0
All Other Contributions
$446,054
Change in Net Assets
$-2,710,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$973,052
Revenue Not Reported on Financial Statements
$7,927
Revenue Not Reported on Form 990
$612,309
Total Revenue per Audited Statements
$1,585,361
Total Revenue per Form 990
$980,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,190,039
Salaries, Compensation, and Employee Benefits$400,013
Total Fundraising Expense$247,334
Other Expenses$101,887
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,190,039--$3,190,039
Current Officers, Directors, Trustees, and Key Employees-$57,108$133,252$190,360
Other Salaries and Wages-$62,605$72,828$135,433
Office Expenses-$34,175-$34,175
Other Employee Benefits-$5,210$24,132$29,342
Fees for Services Other-$27,105-$27,105
Payroll Taxes-$8,575$17,122$25,697
Fees for Services Accounting-$19,970-$19,970
Pension Plan Contributions-$19,181-$19,181
Fees for Service Investment Mgmnt Fees-$7,927-$7,927
Fees for Services Legal-$4,779-$4,779
Insurance-$3,359-$3,359
Travel-$2,923-$2,923
Conferences and Meetings-$1,649-$1,649
Total Functional Expenses$3,190,039$254,566$247,334$3,691,939

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,845,701
Total Expenses per Form 990$3,691,939
Expenses per Audited Statements$3,684,012
Expenses Not Reported on Form 990$161,689
Expenses Not Reported on Financial Statements$7,927
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maine Community College SystemAugusta, MEGovernmentGeneral support of Maine's 7 community colleges$3,190,039
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
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The Maine Community College System, pursuant to a written agreement, provides certain management and other services to the Foundation. These services include financial, investment, human resources, and public relations services.”

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

“The Form 990 was prepared by the Foundation's outside accounting firm, reviewed in detail by and with the Foundation's management team, and emailed to each Board member. Board members were also invited to participate in a conference call meeting to review the Form 990 and for the staff to answer any questions prior to filing.”

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

“Annually, each board member must file a signed conflict of interest disclosure form with the Foundation, as required by the conflict of interest policy.”

Form 990, Part VI, Section B, line 15A

“The President's compensation arrangement is determined by taking into account information about compensation paid by similarly-situated organizations for similar services. Currently, the Foundation has no paid officers or key employees other than the President, if and when such employees are hired, a similar process will be used to establish their compensation.”

Form 990, Part VI, Section C, line 19

“The Foundation's governing documents, conflict of interest policy, and financial statements are all available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Foundation for Maine's Community
EIN
27-1363414
Phone
2073216153
Address
54 Lighthouse Circle, South Portland, ME 04106

Signing Officer

Name
Dr John Fitzsimmons
Title
President
Phone
2073516153
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr John Fitzsimmons
Formed
2009
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
10
Employees
3
Volunteers
10

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
2211 Congress St, Portland, ME 04102
Preparer
Joseph R Byrne
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipment

“Section 1.263(a)-3(n) Election: The Foundation for Maine's Community Colleges 54 Lighthouse Circle South Portland, ME 04106 EIN: 27-1363414 The Foundation for Maine's Community Colleges is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

Form 990, Part XI, line 9:

“Change in Provision of Pledge Discounts 75,796.”

Financial Statement Notes

Part V, Line 4:

“The Organization uses its endowment funds to provide scholarships to students attending Maine's community colleges as well as provide funds to further its exempt purpose.”

Part X, Line 2:

“The Foundation is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, accordingly, no provision for state or federal income taxes has been made in the accompanying financial statements. 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 financial statements. The Foundation is subject to income tax examinations by the U.S. federal or state tax authorities for years ended after June 30, 2021.”

Part XI, Line 2D - Other Adjustments:

“Change in Provision of Pledge Discounts 75,796.”

Raw XML AppendixShowing 400 of 524 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/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Dr John Fitzsimmons
IRS990/BooksInCareOfDetail/PhoneNum02073216153
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt054 Lighthouse Circle
IRS990/BooksInCareOfDetail/USAddress/CityNm0South Portland
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
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IRS990/Desc0The Foundation for Maine's Community Colleges supported the Maine Community College System and its seven colleges (the System) by: -Developing sustainable sources of philanthropic funds for the System;-Advancing the public purpose of the System; and-Supporting the System's top priorities of student success and workforce development.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Hon John R McKernan Jr
IRS990/Form990PartVIISectionAGrp/PersonNm2Lisa M Gorman
IRS990/Form990PartVIISectionAGrp/PersonNm3Hon Daniel E Wathen
IRS990/Form990PartVIISectionAGrp/PersonNm4Lawrence A Wold
IRS990/Form990PartVIISectionAGrp/PersonNm5Scott Ballard
IRS990/Form990PartVIISectionAGrp/PersonNm6David Daigler
IRS990/Form990PartVIISectionAGrp/PersonNm7Tony DiSotto
IRS990/Form990PartVIISectionAGrp/PersonNm8Robert Montgomery-Rice
IRS990/Form990PartVIISectionAGrp/PersonNm9Joseph Purington
IRS990/Form990PartVIISectionAGrp/PersonNm10Elaine D Rosen
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt012201
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt028260
IRS990/GrantAmt03190039
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03190039
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03190039
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt012201
IRS990/GrossReceiptsAmt0980979
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03359
IRS990/InsuranceGrp/TotalAmt03359
IRS990/InvestmentIncomeGrp/ExclusionAmt0109677
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0109677
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01647421
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01839107
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037959
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt037959
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Foundation for Maine's Community Colleges is dedicated to ensuring that the State's seven community colleges have the resources they need to provide a high quality, affordable, and accessible college education for Maine people.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt05545425
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt012201
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt012201
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0374824
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01862859
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02136878
IRS990/NoncashContributionsAmt05103
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034175
IRS990/OfficeExpensesGrp/TotalAmt034175
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt075796
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt024132
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05210
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029342
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt072828
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt062605
IRS990/OtherSalariesAndWagesGrp/TotalAmt0135433
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt017122
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08575
IRS990/PayrollTaxesGrp/TotalAmt025697
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019181
IRS990/PensionPlanContributionsGrp/TotalAmt019181
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02321190
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01159721
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03429
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08670
IRS990/PrincipalOfficerNm0Dr John Fitzsimmons
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Fundraising Svc. Fees
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0384787
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0739671
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt06514446
IRS990/PYInvestmentIncomeAmt0271433
IRS990/PYOtherExpensesAmt080746
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0368217
IRS990/PYRevenuesLessExpensesAmt0-5548008
IRS990/PYSalariesCompEmpBnftPaidAmt0332137
IRS990/PYTotalExpensesAmt06927329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01379321
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2710960
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0384787
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05461862
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03156268
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Description: Project Grant Date: 09/29/21 Amount: 15514487.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part VI, List of Unusual Grants:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0474314
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0739671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0842811
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0913387
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01888655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04858838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0109677
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0208696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0186614
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt036092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031034
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0572113
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01772456
IRS990ScheduleA/PublicSupportCY170Pct00.65040
IRS990ScheduleA/PublicSupportPY170Pct00.62440
IRS990ScheduleA/PublicSupportTotal170Amt03532319
IRS990ScheduleA/SubstantialContributorsTotAmt01326519
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0474314
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0739671
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0842811
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0913387
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01888655
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04858838
IRS990ScheduleA/TotalSupportAmt05430951
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
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt083649
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt0124092
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt0140706
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt086779
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0435226
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0334597
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0496366
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0562824
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0347116
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt01740903
IRS990ScheduleC/GrassrootsCeilingAmt0652839
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt083649
IRS990ScheduleC/LobbyingCeilingAmt02611355
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0334597
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt03691939
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt03691939
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0948159
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0948159
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0948159
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0948159
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0948159
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0948159
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0903159
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt045000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0948159
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0762033
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0141126
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0903159
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0161689
IRS990ScheduleD/DonatedServicesUseFcltsAmt0161689
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037959
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037959
IRS990ScheduleD/ExpensesNotReportedAmt0161689
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07927
IRS990ScheduleD/ExpensesSubtotalAmt03684012
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07927
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07927
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0374824
IRS990ScheduleD/OtherRevenueAmt075796
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0612309
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07927
IRS990ScheduleD/RevenueSubtotalAmt0973052
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization uses its endowment funds to provide scholarships to students attending Maine's community colleges as well as provide funds to further its exempt purpose.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and, accordingly, no provision for state or federal income taxes has been made in the accompanying financial statements. 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 financial statements. The Foundation is subject to income tax examinations by the U.S. federal or state tax authorities for years ended after June 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Change in Provision of Pledge Discounts 75,796.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt03691939
IRS990ScheduleD/TotalRevenuePerForm990Amt0980979
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01585361
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03845701
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt03190039
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Government
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General support of Maine's 7 community colleges
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Maine Community College System
IRS990ScheduleI/RecipientTable/RecipientEIN0010416015
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0323 State Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Augusta
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004330
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation only awards grants to the Maine Community College System, which is an instrumentality of the State of Maine. Additional monitoring is not deemed necessary.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

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