Womens Board Of The Maine Medical Center
- Assets
- $811.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 04/1946
- Data as of
- 09/2023
- EIN
- 01-0199596
Organization Overview
Womens Board Of The Maine Medical Center is located in Portland, ME. The organization was established in 1946. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Board Of The Maine Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Womens Board Of The Maine Medical Center generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Womens Board Of The Maine Medical Center has awarded 32 individual grants totaling $942,357. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WOMEN'S BOARD PERFORMS THE FOLLOWING FUNCTIONS FOR THE BENEFIT OF MAINE MEDICAL CENTER (MMC):-PROVIDES EQUIPMENT & SERVICES-OPERATES THE PAVILION GRILL, GIFT STOP, THE BOUTIQUE, COFFEE KIOSK, VENDING MACHINES, AND ANY FURTHER INTERESTS THAT THE WOMEN'S BOARD CHOOSES TO UNDERTAKE.-THE NET PROCEEDS ARE USED FOR BENEVOLENT PURPOSES DIRECTLY RELATED TO THE HOSPITAL AND MEDICAL TRAINING SCHOLARSHIPS.-COOPERATES WITH OTHER VOLUNTEER ORGANIZATIONS WORKING WITHIN MMC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOMEN'S BOARD OPERATES THE PAVILION GRILL, THE KIOSK, VENDING, A GIFT SHOP, AND A BOUTIQUE AT MAINE MEDICAL CENTER, A 501(C)(3) ORGANIZATION. THESE SERVICES ARE PROVIDED FOR THE CONVENIENCE OF MAINE MEDICAL CENTER PATIENTS, VISITORS, EMPLOYEES, AND FAMILIES.
THE WOMEN'S BOARD MAINTAINS A TREASURER'S ACCOUNT FOR THE DISBURSEMENT OF GRANTS THAT PROVIDE SERVICES FOR THE BENEFIT OF MAINE MEDICAL CENTER. BENEFITS INCLUDE EQUIPMENT NEEDS, CLINIC NEEDS, MEMORIAL FUNDS, AND CAPITAL CAMPAIGNS. ANNUAL SCHOLARSHIPS ARE ALSO AWARDED TO NURSING, MEDICAL, AND SURGICAL TECHNOLOGY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Sexton President | OfficerTrustee | 10 | $0 |
Linda Shane Treasurer | OfficerTrustee | 10 | $0 |
Pamela Tait Assistant Treasurer | OfficerTrustee | 10 | $0 |
Jessica Scherb Secretary | OfficerTrustee | 10 | $0 |
Stacey Erickson Trustee | Trustee | 4 | $0 |
Judy Flaker Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $10,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,227 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,246,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,289,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,590 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $943,767 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,490 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,396 |
| Insurance | $0 |
| All other expenses | $1,628 |
| Total functional expenses | $1,167,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,399 |
| Savings and temporary cash investments | $260,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $340 |
| Total assets | $811,580 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,957 |
| Total liabilities | $6,957 |
| Net assets without donor restrictions | $804,623 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $811,580 |
Grants Awarded
Over the last fiscal year, Womens Board Of The Maine Medical Center has awarded $45,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHERN MAINE COMMUNITY COLLEGE PURPOSE: Medical Student Scholarships | $7,000 |
UNIVERSITY OF SOUTHERN MAINE PURPOSE: Medical Student Scholarships | $7,000 |
MAINE MEDICAL CENTER PURPOSE: Medical Student Scholarships | $12,000 |
UNIVERSITY OF NEW ENGLAND PURPOSE: Medical Student Scholarhsips | $19,000 |