Maine Womens Fund Inc
- Assets
- $3.5m
- Revenue
- $462.0k
- Investments
- $1.1k
- Employees
- 2
- Location
- South Portland, ME
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 01-0430261
Organization Overview
Maine Womens Fund Inc is located in South Portland, ME. The organization was established in 1989. According to its NTEE Classification (P83) the organization is classified as: Women's Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Maine Womens Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Womens Fund Inc 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 12/2021, Maine Womens Fund Inc generated $462.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $428.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maine Womens Fund Inc has awarded 97 individual grants totaling $1,040,267. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MAINE WOMEN'S FUND MAKES BOLD INVESTMENTS THAT TRANSFORM THE LIVES OF MAINE WOMEN AND GIRLS BY INCUBATING AND INVESTING IN NONPROFIT ORGANIZATIONS, PARTNERING WITH GRANTEES, AND CONNECTING PEOPLE AND ORGANIZATIONS MAKING SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAINE WOMEN'S FUND WAS FOUNDED IN 1988 ON THE PRINCIPLE THAT WHEN WOMEN AND GIRLS THRIVE, THE WHOLE COMMUNITY PROSPERS. THE FUND TRANSFORMS THE LIVES OF MAINE WOMEN AND GIRLS THROUGH STRATEGIC GRANT MAKING, COMMUNITY ENGAGEMENT AND SUPPORT TO NONPROFIT ORGANIZATIONS DEDICATED TO SOCIAL CHANGE. IT IS THE ONLY FOUNDATION IN MAINE FOCUSED EXCLUSIVELY ON INCREASING WOMENS AND GIRLS ECONOMIC SECURITY. WITH FINANCIAL SECURITY, WOMEN CAN ACCESS BETTER HOUSING, EDUCATION, HEALTH CARE AND EMPLOYMENT FOR THEMSELVES AND THEIR FAMILIES WHILE ALSO CONTRIBUTING THEIR TALENTS AND LEADERSHIP FOR THE BETTERMENT OF THEIR COMMUNITIES.THE FUND PROVIES CRITICAL FUNDING AND TECHNICAL ASSISTANCE TO NONPROFIT ORGANIZATIONS IN MAINE WITHIN SIX STRATEGIC AREAS: EDUCATION; FINANCIAL SKILLS AND LITERACY; HEALTHCARE; LEADERSHIP; PERSONAL SAFETY; AND PUBLIC POLICY. SINCE ITS INCEPTION, THE FUND HAS INVESTED MORE THAN $2.7 MILLION IN 235 ORGANIZATIONS ADVANCING THE STATUS OF MAINE WOMEN AND GIRLS. IN ADDITION TO GRANT MAKING, THE FUND ANNUALLY ENGAGES HUNDREDS OF WOMEN ACROSS MAINE THROUGH ITS ACTIVE BOARD AND COMMITTEES, VOLUNTEER OPPORTUNITES, AND SPECIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Critchon Executive Dir. | Officer | 40 | $79,445 |
Noreen Patient Vice President | OfficerTrustee | 0 | $0 |
Renee Smyth Secretary | OfficerTrustee | 0 | $0 |
Janice Rogers President | OfficerTrustee | 0 | $0 |
Gabrielle Gallucci President | OfficerTrustee | 0 | $0 |
Frances Hutchinson Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,356 |
| Total Program Service Revenue | $0 |
| Investment income | $32,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76,687 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,908 |
| 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. | $79,445 |
| Compensation of current officers, directors, key employees. | $26,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,887 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,838 |
| Payroll taxes | $10,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,823 |
| Fees for services: Accounting | $19,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $657 |
| Office expenses | $3,956 |
| Information technology | $4,256 |
| Royalties | $0 |
| Occupancy | $16,505 |
| Travel | $427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $880 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,710 |
| All other expenses | $190 |
| Total functional expenses | $428,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,850 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,205 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,362,365 |
| Investments—other securities | $1,093 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,287 |
| Total assets | $3,540,272 |
| Accounts payable and accrued expenses | $18,229 |
| 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 | $18,229 |
| Net assets without donor restrictions | $725,585 |
| Net assets with donor restrictions | $2,796,458 |
| 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 | $3,540,272 |
Grants Awarded
Over the last fiscal year, Maine Womens Fund Inc has awarded $210,908 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Bangor, ME PURPOSE: ECONOMIC MOBILITY AND SECURITY | $61,408 |
MANO EN MANO PURPOSE: SUPPORTING CHILDCARE CENTER | $12,000 |
Augusta, ME PURPOSE: EDUCATION AND ENG FOR GENDER EQUITY | $10,000 |
Lewiston, ME PURPOSE: OFFER MOTHER AND CHILD LEARNING EXP | $10,000 |
Augusta, ME PURPOSE: SUPPORT DOMESTIC VIOLENCE MEMBER OR | $10,000 |
Orono, ME PURPOSE: FINANCIAL LITERACY PROGRAMS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Maine Womens Fund Inc has recieved totaling $162,116.
| Awarding Organization | Amount |
|---|---|
Womens Funding Network San Francisco, CA PURPOSE: General Support | $125,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Gender Equity | $8,350 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,135 |
The Prbb Foundation Bozeman, MT PURPOSE: TO FURTHER EXEMPT CHARITABLE PURPOSE | $5,000 |
Helen And George Ladd Charitble Corportion Boston, MA PURPOSE: GENERAL FUND | $5,000 |
Sally Mead Hands Foundation Madison, WI PURPOSE: OPERATING FUNDS | $5,000 |
Endowment Analysis
| Beg. Balance | $3,137,939 |
| Earnings | $349,539 |
| Net Contributions | $29,948 |
| Other Expense | $155,063 |
| Ending Balance | $3,362,363 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Brockton Area Multi-Services Inc Brockton, MA | $53,527,033 | $98,602,137 |
Open Sky Community Services Inc Worcester, MA | $49,353,222 | $95,640,760 |
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
Aspire Living & Learning Inc Barre, VT | $31,445,013 | $90,937,720 |
The Opportunity Alliance South Portland, ME | $26,061,913 | $84,718,963 |
Care Dimensions Inc Danvers, MA | $84,137,816 | $77,104,167 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Pine Street Inn Inc Boston, MA | $152,996,753 | $83,069,628 |
Young Mens Christian Association Of Greater Boston Inc Boston, MA | $163,836,403 | $83,104,990 |
Easter Seals New Hampshire Inc Manchester, NH | $69,640,268 | $76,411,817 |