University Of Maine Pulp And Paper Foundation
- Assets
- $31.5m
- Revenue
- $1.5m
- Investments
- $1.6m
- Employees
- 2
- Location
- Orono, ME
- Founding
- 06/1954
- Data as of
- 12/2020
- EIN
- 01-0237721
Organization Overview
University Of Maine Pulp And Paper Foundation is located in Orono, ME. The organization was established in 1954. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, University Of Maine Pulp And Paper Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Maine Pulp And Paper Foundation 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 12/2020, University Of Maine Pulp And Paper Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. While expenses have increased by 3.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER THE STUDY OF PULP & PAPER AND RELATED SUBJECTS AT THE UNIVERSITY OF MAINE AND ENCOURAGE STUDENTS TO CONSIDER PAPER RELATED TECHNICAL CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDING OF SCHOLARSHIPS TO 121 INDIVIDUAL STUDENTS.
AWARDING OF GRANTS AND ASSISTANCE TO PROFESSORS AND THE UNIVERSITY OF MAINE FOR THE SUPPORT OF TEACHING AND FACULTY ACTIVITIES AND PROMOTION OF ENGINEERING STUDIES.
HIGH SCHOOL AND EDUCATIONAL RELATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Hurd Enos President | Officer | 40 | $210,802 |
David M Colter Board Chairperson | OfficerTrustee | 0.3 | $0 |
Mark W Kowlzan Secretary | OfficerTrustee | 0.1 | $0 |
Mark Stuart Cross Vice President | OfficerTrustee | 0.1 | $0 |
Tracy Hill Smith Treasurer | OfficerTrustee | 0.5 | $0 |
Barbara Kerr Hamilton Vice President | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $281,183 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,110 |
| Noncash contributions included in lines 1a–1f | $20,039 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,293 |
| Total Program Service Revenue | $0 |
| Investment income | $495,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $674,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,541,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,792 |
| Grants and other assistance to domestic individuals. | $794,246 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,430 |
| Compensation of current officers, directors, key employees. | $180,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,679 |
| Pension plan accruals and contributions | $4,662 |
| Other employee benefits | $0 |
| Payroll taxes | $20,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,915 |
| Advertising and promotion | $0 |
| Office expenses | $25,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,290 |
| 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 | $0 |
| Insurance | $6,899 |
| All other expenses | $0 |
| Total functional expenses | $1,445,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $402,400 |
| 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 | $0 |
| Investments—publicly traded securities | $29,426,350 |
| Investments—other securities | $1,594,902 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,514,138 |
| Accounts payable and accrued expenses | $600 |
| 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 | $0 |
| Total liabilities | $600 |
| Net assets without donor restrictions | $6,999,599 |
| Net assets with donor restrictions | $24,513,939 |
| 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 | $31,514,138 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Maine Pulp And Paper Foundation has recieved totaling $4,200.
| Awarding Organization | Amount |
|---|---|
The Central National-Gottesman Foundation Purchase, NY PURPOSE: GENERAL PURPOSE | $4,200 |
Endowment Analysis
| Beg. Balance | $26,400,001 |
| Earnings | $3,856,374 |
| Net Contributions | $163,784 |
| Grants | $892,219 |
| Ending Balance | $29,527,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Maine State Chamber Of Commerce Augusta, ME | $923,733 | $2,213,591 |
Dartmouth Regional Technology Center Inc Lebanon, NH | $5,511,627 | $2,160,751 |
New England Apple Council Inc Goffstown, NH | $795,628 | $1,773,754 |
Maine Oil Dealers Association Brunswick, ME | $1,645,866 | $1,757,717 |
University Of Maine Pulp And Paper Foundation Orono, ME | $31,514,138 | $1,541,694 |
Pope Memorial Spca Of Concord Merrimack County Concord, NH | $5,304,139 | $1,435,100 |
New Hampshire Bankers Association Concord, NH | $1,878,135 | $1,082,708 |
Associated Builders And Contractors Inc Concord, NH | $1,404,762 | $1,170,910 |
Maine Automobile Dealers Association Inc Augusta, ME | $2,325,139 | $1,081,224 |
Greater Manchester Chamber Of Commerce Manchester, NH | $764,279 | $1,070,211 |
Hampton Beach Area Chamber Of Commerce Hampton, NH | $686,290 | $1,006,773 |