Mes Foundation
- Assets
- $4.7m
- Revenue
- $465.4k
- Investments
- $3.8m
- Employees
- 0
- Location
- Alfred, ME
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 01-0471533
Organization Overview
Mes Foundation is located in Alfred, ME. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mes 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 12/2021, Mes Foundation generated $465.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (46.4%) each year. All expenses for the organization totaled $322.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (52.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mes Foundation has awarded 92 individual grants totaling $415,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDING ACCESS TO HIGHER EDUCATION FOR ALL MAINE STUDENTS BY PROVIDING VALUABLE COLLEGE SCHOLARSHIP OPPORTUNITIES. SCHOLARSHIP AWARDS ARE MADE ON THE BASIS OF DEMONSTRATED FINANCIAL NEED AND DISTINGUISHED ACADEMIC MERIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristie Hurlburt President/executive Director | 20 | $51,000 | |
Scott Albert Director | 1 | $0 | |
Donald Reynolds Director/treasurer | 1 | $0 | |
Todd Cesca Director | 1 | $0 | |
Guy Langevin Director/chair | 1 | $0 | |
Christopher Bell Director/vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $188 |
| Dividends & Interest | $75,935 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $389,230 |
| Capital Gain Net Income | $389,230 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4 |
| Total Revenue | $465,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,169 |
| Depreciation | $595 |
| Occupancy | $1,425 |
| Travel, conferences, and meetings | $60 |
| Printing and publications | $0 |
| Other expenses | $10,196 |
| Total operating and administrative expenses | $116,647 |
| Contributions, gifts, grants paid | $206,000 |
| Total expenses and disbursements | $322,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38 |
| Savings and temporary cash investments | $880,714 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,069 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,015 |
| Other assets | $0 |
| Total assets | $4,679,393 |
| Accounts payable and accrued expenses | $5,367 |
| Grants payable | $3,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,867 |
Grants Awarded
Over the last fiscal year, Mes Foundation has awarded $212,000 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
BENJAMIN BUTTERFIELD PURPOSE: RICHARD H. PIERCE MEMORIAL SCHOLARSHIP | $5,000 |
GHILAINE UWIMPAYE PURPOSE: RICHARD H. PIERCE MEMORIAL SCHOLARSHIP | $5,000 |
ALIANA SMITH PURPOSE: RICHARD H. PIERCE MEMORIAL SCHOLARSHIP | $5,000 |
OLIVIA GERVAIS PURPOSE: RICHARD H. PIERCE MEMORIAL SCHOLARSHIP | $5,000 |
ABIGAIL JOHNSON PURPOSE: RICHARD H. PIERCE MEMORIAL SCHOLARSHIP | $5,000 |
BEN RETBERG PURPOSE: RICHARD H. PIERCE MEMORIAL SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
N H Higher Education Loan Corporation Concord, NH | $928,313,847 | $60,034,018 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Senator George J Mitchell Scholarship Research Institute Portland, ME | $52,911,391 | $4,164,591 |
Dartmouth Educational Loan Corp Hanover, NH | $0 | $769,004 |
Maine Huts & Trails Kingfield, ME | $4,908,401 | $661,493 |
Donato J Tramuto Foundation Ogunquit, ME | $1,147,543 | $792,023 |
Lakes Region Scholarship Foundation Gilford, NH | $13,202,377 | $2,617,531 |
Harambe Endeavor Alliance Concord, NH | $2,789,573 | $314,506 |
Robert B Bunker Medical School Scholarship Trust Laconia, NH | $10,035,402 | $504,867 |
The Sukeforth Family Foundation South China, ME | $12,098,841 | $1,239,260 |
Service Credit Union Impact Foundation Portsmouth, NH | $153,778 | $370,899 |