Northern Maine Community College Foundation

Organization Overview

Northern Maine Community College Foundation is located in Presque Isle, ME. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Northern Maine Community College 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 06/2022, Northern Maine Community College Foundation generated $599.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 20.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO HELP NORTHERN MAINE COMMUNITY COLLEGE MEET ITS COMMITMENT TO PROVIDE SUPERIOR EDUCATIONAL OPPORTUNITIES FOR ALL SEGMENTS OF THE COMMUNITY. FOUNDATION BOARD MEMBERS WILL ENHANCE COMMUNITY, ALUMNI AND STUDENT AWARENESS OF THE COLLEGE BY SERVING AS ADVOCATES IN BOTH THE PUBLIC AND PRIVATE SECTORS. FOUNDATION BOARD MEMBERS WILL SECURE CONTRIBUTIONS, PLANNED GIFTS AND DONATIONS; WILL SUPPORT SPECIAL PROJECTS; AND WILL EXERCISE PRUDENT JUDGMENT IN ACCOUNTING FOR, MANAGING AND APPRECIATING MONIES OR PROPERTIES ACQUIRED BY THE FOUNDATION. THE LEADERSHIP OF THE COLLEGE WILL GUIDE FOUNDATION BOARD MEMBERS BY COMMUNICATING PRIORITIES FOR THE DISTRIBUTION OF FUNDS FOR STUDENT SCHOLARSHIPS, INCENTIVE GRANTS, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND EDUCATIONAL EQUIPMENT OR FACILITIES. IT IS THE RESPONSIBILITY OF THE FOUNDATION BOARD MEMBERS TO SUPPORT AND FOSTER THE HIGH QUALITY OF THOSE STANDARDS WHICH ARE THE GOAL OF NORTHERN MAINE COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AND GRANTS PAID


GRANTS PAID TO NMCC


EXPENSES INCURRED IN THE ACCOMPLISHMENT OF FIRST AND SECOND ACHIEVEMENTS


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Crowley
President Nm
$0
Ryan Bushey
Chair
$0
Michael Williams
Treasurer
$0
Richard Engels
Secretary
$0
Mark Bouchard
Director
$0
Gina Leblanc-Eggert
Vice Chair
$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$516,267
Noncash contributions included in lines 1a–1f $34,445
Total Revenue from Contributions, Gifts, Grants & Similar$516,267
Total Program Service Revenue$0
Investment income $80,062
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $2,700
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $599,029

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Northern Maine Community College Foundation has recieved totaling $7,500.

Awarding OrganizationAmount
Worthington Scholarship Foundation

Naples, FL

PURPOSE: SCHOLARSHIPS - E BITAR, I CRONE, C HARVEY

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,917,791
Earnings-$474,790
Admin Expense-$15,455
Net Contributions$107,676
Other Expense-$1,925
Grants-$107,676
Ending Balance$3,425,621

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