Maine College Circle
- Assets
- $848.8k
- Revenue
- $760.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Ellsworth, ME
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 01-0470496
Organization Overview
Maine College Circle is located in Ellsworth, ME. The organization was established in 1992. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine College Circle 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 12/2022, Maine College Circle generated $760.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.3% each year . All expenses for the organization totaled $107.4k during the year ending 12/2022. While expenses have increased by 19.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE EARLY ASPIRATIONS FOR HIGHER EDUCATION AND TO EMPOWER YOUNG STUDENTS IN RURAL MAINE COMMUNITIES TO BUILD A BRIGHTER FUTURE FOR THEMSELVES AND FOR THEIR COMMUNITIES BY PROVIDING EARLY INFORMATION AND INSPIRATION THROUGH WORKSHOPS, SCHOLARSHIPS, AND OTHER EDUCATIONAL INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PARTNERSHIP WITH COLLEGE STUDENTS AND THE MITCHELL INSTITUTE, MAINE COLLEGE CIRCLE TALKED WITH APPROXIMATELY 2,350 RURAL ELEMENTARY AND MIDDLE SCHOOL STUDENTS IN MAINE (THROUGH 84 FUTURE OF MAINE ASPIRATIONS WORKSHOPS) ABOUT THE OPPORTUNITIES OF HIGHER EDUCATION. WE CELEBRATED AND AWARDED 266 FUTURE OF MAINE COLLEGE ASPIRATIONS SCHOLARSHIPS TO STUDENTS IN 35 MAINE ELEMENTARY SCHOOLS. WE SUPPORTED ONLINE "CONNECTIONS" BETWEEN RURAL MAINE STUDENTS AND PROFESSIONALS. WE SUPPORTED THE "MAINE WORD ABOUT COLLEGE" NEWSLETTER WRITTEN BY COLLEGE STUDENTS FOR YOUNG RURAL MAINE STUDENTS. AND, WE PROVIDED OTHER CREATIVE PROGRAMS TO INSPIRE AND DEVELOP EARLY ASPIRATIONS IN RURAL MAINE. WE ARE CONVINCED THAT DEVELOPING EARLY ASPIRATIONS AND PROMOTING THE VALUE OF EDUCATION AND EFFORT ARE THE KEYS TO BUILDING A BRIGHTER FUTURE IN RURAL MAINE COMMUNITIES.
SUPPORTED EDUCATION, ASPIRATIONS, SCHOLARSHIPS AND RELATED YOUTH PROGRAMS IN ECONOMICALLY-CHALLENGED COMMUNITIES.
ADMINISTERED SCHOLARSHIP GRANTS FROM THE MARY MARTINDEL BEQUEST TO JACKMAN AREA STUDENTS AND TO USM EDUCATION STUDIES STUDENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Stuart Director | Officer | 45 | $46,750 |
Jeffrey Allum Board Member | Trustee | 0.5 | $0 |
Emma Beaulieu Board Member | Trustee | 0.5 | $0 |
Evan Bess Board Member | Trustee | 0.5 | $0 |
Bayard Brokaw Board Member | Trustee | 0.5 | $0 |
Beth Clifford Board Member | Trustee | 0.5 | $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 | $768,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,285 |
| Total Program Service Revenue | $11,400 |
| Investment income | -$20,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $759,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,240 |
| 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 | $51,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,901 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,330 |
| 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 | $401 |
| All other expenses | $838 |
| Total functional expenses | $107,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,867 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $74,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $848,792 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $848,792 |
| 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 | $848,792 |
Grants Awarded
Over the last fiscal year, Maine College Circle has awarded $38,240 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOM DISBURSEMENTS | | | $17,225 |
PAYMENTS TO XELA & MANOS AMIGAS | | | $9,765 |
FOM DISBURSEMENT MARTINDELL USM | | | $11,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make A Wish Of New Hampshire Inc Manchester, NH | $5,100,021 | $2,933,812 |
Star Of Hope Inc Rockland, ME | $50,776,256 | $817,687 |
Broom Family Foundation New London, NH | $4,446,191 | $880,100 |
Hewnoaks Artist Colony Portland, ME | $102,109 | $0 |
Music On Norway Pond Hancock, NH | $59,265 | $0 |
Maine College Circle Ellsworth, ME | $848,792 | $759,981 |
Summer Festival Of The Arts Southwest Harbor, ME | $8,257 | $0 |
International Artists Manifest Woolwich, ME | $982,523 | $86,259 |
J Henry Hanhisalo Charitable Trust Concord, NH | $831,004 | $77,659 |
Maine Acadian Heritage Council Madawaska, ME | $45,714 | $0 |
Tamil Makkal Mandram Nashua, NH | $31,210 | $0 |
The Institute For Contemplative Education Denmark, ME | $34,515 | $0 |
Uwpiaa New Castle, NH | $503,820 | $489,888 |
Keene Chamber Orchestra Inc Keene, NH | $24,834 | $0 |
New Hampshire Teachers Of Mathematics Epping, NH | $17,298 | $0 |