Maine College Of Health Professions
- Assets
- $8.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Lewiston, ME
- Founding
- 09/1978
- Data as of
- 06/2021
- EIN
- 01-0356077
Organization Overview
Maine College Of Health Professions is located in Lewiston, ME. The organization was established in 1978. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine College Of Health Professions 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 06/2021, Maine College Of Health Professions generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE PROVIDES FORMAL TRAINING IN NURSING, RADIOLOGIC TECHNOLOGY AND NUCLEAR MEDICINE AT THE ASSOCIATE DEGREE LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE OFFERS FOUR DEGREE PROGRAMS WHICH INCLUDE A NURSING PROGRAM, RADIOLOGIC TECHNOLOGY AND HEALTH SCIENCES. THREE OF THESE PROGRAMS GRANT A GRADUATE AN ASSOCIATE DEGREE IN APPLIED SCIENCES, ONE OF THESE PROGRAMS GRANTS A BACHELOR OF SCIENCE IN NURSING. THE COLLEGE OFFERS A CERTIFICATE IN LICENSED PRACTICAL NURSING AND AN ADVANCED CERTIFICATE IN COMPUTED TOMOGRAPHY, SONOGRAPHY, AND MAMMOGRAPHY. IN EACH OF THE COURSES OF TRAINING MENTIONED, THERE WERE 184 NURSING, 55 RADIOLOGIC TECHNOLOGY AND 2 HEALTH SCIENCE STUDENTS ENROLLED DURING THE 2020-2021 ACADEMIC YEAR, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Albert ESQ RN Chair/treasurer | OfficerTrustee | 1 | $0 |
Jeff Brickman President/director | Officer | 3 | $0 |
John Whitlock Treasurer End 6/21 | Officer | 3 | $0 |
Steven Littleson President Cmmc/cmhcc | Officer | 3 | $0 |
Monika Bissell President | Officer | 3 | $0 |
Meredith Baril Secretary | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,341,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,387,342 |
| Total Program Service Revenue | $3,276,782 |
| Investment income | -$425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,663,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $579,419 |
| 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 | $1,886,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $293,855 |
| Payroll taxes | $138,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $50,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244,100 |
| Advertising and promotion | $76,963 |
| Office expenses | $174,091 |
| Information technology | $4,687 |
| Royalties | $0 |
| Occupancy | $449,160 |
| Travel | $8,523 |
| 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 | $59,601 |
| Insurance | $11,775 |
| All other expenses | $10,454 |
| Total functional expenses | $4,053,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,374,502 |
| Savings and temporary cash investments | $134,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,092 |
| 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 | $47,954 |
| Net Land, buildings, and equipment | $246,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,634,977 |
| Total assets | $8,564,967 |
| Accounts payable and accrued expenses | $164,813 |
| Grants payable | $0 |
| Deferred revenue | $147,093 |
| 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 | $311,906 |
| Net assets without donor restrictions | $2,088,786 |
| Net assets with donor restrictions | $6,164,275 |
| 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 | $8,564,967 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine College Of Health Professions has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Central Maine Healthcare Corporation Lewiston, ME PURPOSE: RELATED ENTITY SUPPORT | $0 |
Endowment Analysis
| Beg. Balance | $4,747,978 |
| Earnings | $1,427,320 |
| Net Contributions | $46,267 |
| Other Expense | $57,290 |
| Ending Balance | $6,164,275 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Nashoba Learning Group Inc Bedford, MA | $17,818,775 | $20,934,730 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Boston Architectural College Boston, MA | $43,735,977 | $21,122,754 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Derryfield School Manchester, NH | $44,949,554 | $20,323,202 |
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Marlboro College Foxborough, MA | $37,753,712 | $8,202,208 |