Civic Intelligence

Fame Leaders Inc.

990 • Fiscal year 2024 • EIN 81-3106863

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 17, 2024

Organization Profilewww.famemaine.com/affording-education
PO Box 949Augusta, ME 04332

(207) 623-3263

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

39th percentile

0.2%

Higher net margin than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$234,750

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

100th percentile

2267%

Faster asset growth than 100% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

79%

Faster revenue growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$1,988

Up $1,904 (+2267%) from 2023

Net Assets

Up

$1,988

Up $1,904 (+2267%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin39th percentile

Revenue

Up

$1,096,154

Up $485,427 (+79%) from 2023

Expenses

Up

$1,094,250

Up $483,564 (+79%) from 2023

Net Income

Up

$1,904

Up $1,863 (+4544%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$2.0K$1.5K$1.0K$500$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $1Liabilities 2019: $02019Assets 2020: $100Liabilities 2020: $02020Assets 2021: $88Liabilities 2021: $0Net Assets 2021: $882021Assets 2022: $43Liabilities 2022: $0Net Assets 2022: $432022Assets 2023: $84Liabilities 2023: $0Net Assets 2023: $842023Assets 2024: $1,988Liabilities 2024: $0Net Assets 2024: $1,9882024Assets 2025: $30Liabilities 2025: $0Net Assets 2025: $302025

Highlighted filing

2024

Assets$1,988
Liabilities$0
Net Assets$1,988
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $100Expenses 2020: $0Net Income 2020: $1002020Revenue 2021: $667,516Expenses 2021: $667,528Net Income 2021: -$122021Revenue 2022: $658,388Expenses 2022: $658,433Net Income 2022: -$452022Revenue 2023: $610,727Expenses 2023: $610,686Net Income 2023: $412023Revenue 2024: $1,096,154Expenses 2024: $1,094,250Net Income 2024: $1,9042024Revenue 2025: $909,259Expenses 2025: $911,217Net Income 2025: -$1,9582025

Highlighted filing

2024

Revenue$1,096,154
Expenses$1,094,250
Net Income$1,904
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 17, 2024
Return Version
2023v5.1
Gross Receipts
$1,096,154
Mission and Program Overview

Mission

Student loan repayment assistance to people who live and work in Maine in a STEM-designated occupation at a Maine-based employer.

Student loan repayment assistance

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84$1,988▲ $1,904
Cap Stk Tr Prin Current Funds$84$1,988▲ $1,904
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$84$1,988▲ $1,904
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$84$1,988▲ $1,904
Total Liabilities and Net Assets / Fund Balance$84$1,988▲ $1,904
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
Martha JohnstonPresident
Renee OulletteSecretary
Carlos MelloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,096,154
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,096,154
Change in Net Assets
$1,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,094,162
Other Expenses$88
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,094,162--$1,094,162
Office Expenses-$88-$88
Total Functional Expenses$1,094,162$88$0$1,094,250
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
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
No
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
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“The Organization's directors shall be elected by the Board of the Finance Authority of Maine, the Organization's supported organization.”

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

“A complete copy of the Form 990 was distributed to the full Board of Directors before filing with the IRS.”

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

“All work done for the Organization is conducted by employees of FAME, a related organization. All FAME employees are trained on its conflict of interest policy as part of the onboarding process. FAME regularly and consistently reviews compliance of its employees with its conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The Organization's President is an employee of a related organization, Finance Authority of Maine (FAME). The Organization's president volunteers her time to the Organization and compensation paid to her is not intended as compensation to the FAME Leaders. FAME regularly reviews the salary and benefit information of all their employees.”

Form 990, Part VI, Section C, line 19

“All public financial and governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
FAME Leaders
EIN
81-3106863
Phone
2076233263
Address
PO Box 949, Augusta, ME 04332

Signing Officer

Name
Martha Johnston
Title
President
Phone
2076233263
Signed
2024-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martha Johnston
Formed
2016
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
Phone
2078792100
Raw XML Appendix380 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.

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IRS990/Desc0The Alfond Leaders Student Debt Reduction Program provides student loan repayment assistance to people who live and work in Maine in a STEM-designated occupation at a Maine-based employer. Alfond Leaders may qualify for loan repayment of up to half of their outstanding student loan balance at the time of application to the program, not to exceed $60,000.Students who have completed or will complete their degree or certificate within months of application cycles are welcome to apply. Existing Maine based STEM workers with student loan debt who are not recent college graduates are also welcome to apply. (Continued on Schedule O)The loan repayment awards made to recent college graduates or students who will be graduating, if selected, will not be finalized until they have begun a STEM position in Maine and have relocated to the state.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The program provides student loan repayment assistance to people who live and work in Maine in a STEM-designated occupation at a Maine-based employer. Applicants may qualify for loan repayment of up to half of their outstanding student loan balance at the time of application to the program, not to exceed $60,000. Applicants must submit a complete application and all required documents, which are due to FAME on or before the application deadline. This includes: the online application, official college transcripts, current resume, and copies of all loan statements. Students who have completed or will complete their degree or certificate within months of application cycles are welcome to apply. Existing Maine based STEM workers with student loan debt who are not recent college graduates are also welcome to apply. The loan repayment awards made to recent college graduates or students who will be graduating, if selected, will not be finalized until they have begun a STEM position in Maine and have relocated to the state. Applicants must be employed at a Maine-based employer when they apply to the program, however after they are selected for the program they may work for an out-of-state employer remotely as long as they continue to live in Maine.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Carlos Mello
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Martha Johnston
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Treasurer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1President
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Organization's President is an employee of a related organization, Finance Authority of Maine (FAME). The Organization's president volunteers her time to the Organization and compensation paid to her is not intended as compensation to the FAME Leaders. FAME regularly reviews the salary and benefit information of all their employees.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's directors shall be elected by the Board of the Finance Authority of Maine, the Organization's supported organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A complete copy of the Form 990 was distributed to the full Board of Directors before filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All work done for the Organization is conducted by employees of FAME, a related organization. All FAME employees are trained on its conflict of interest policy as part of the onboarding process. FAME regularly and consistently reviews compliance of its employees with its conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's President is an employee of a related organization, Finance Authority of Maine (FAME). The Organization's president volunteers her time to the Organization and compensation paid to her is not intended as compensation to the FAME Leaders. FAME regularly reviews the salary and benefit information of all their employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All public financial and governing documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Finance Authority of Maine
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0010362006
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Governmental
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 949
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Augusta
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004332
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt084
IRS990/TotalAssetsEOYAmt01988
IRS990/TotalAssetsGrp/BOYAmt084
IRS990/TotalAssetsGrp/EOYAmt01988
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01096154
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01094162
IRS990/TotalFunctionalExpensesGrp/TotalAmt01094250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt084
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01988
IRS990/TotalOtherCompensationAmt093622
IRS990/TotalProgramServiceExpensesAmt01094162
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01096154
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01988
IRS990/TotReportableCompRltdOrgAmt0314657
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 949
IRS990/USAddress/CityNm0Augusta
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004332
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0www.famemaine.com/affording-education/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Martha Johnston
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02076233263
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAME Leaders
ReturnHeader/Filer/BusinessNameControlTxt0FAME
ReturnHeader/Filer/EIN0813106863
ReturnHeader/Filer/PhoneNum02076233263
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 949
ReturnHeader/Filer/USAddress/CityNm0Augusta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004332
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010494526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Baker Newman & Noyes
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 507
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Portland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004112
ReturnHeader/PreparerPersonGrp/PhoneNum02078792100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas E Porto
ReturnHeader/ReturnTs02024-11-13T14:18:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,988
Liabilities
$0
Net assets
$1,988
Revenue
$1,096,154
Expenses
$1,094,250
Net income
$1,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.91$0.91$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.10$1.09$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.61$0.61$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.66$0.66$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.67$0.67$0.00
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00