Maine Philanthropy Center
- Assets
- $548.4k
- Revenue
- $403.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Portland, ME
- Founding
- 07/1996
- Data as of
- 12/2023
- EIN
- 01-0503126
Organization Overview
Maine Philanthropy Center is located in Portland, ME. The organization was established in 1996. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Maine Philanthropy Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Philanthropy Center 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 12/2023, Maine Philanthropy Center generated $403.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $448.0k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITY, LEADERSHIP, AND SUPPORT TO ADVANCE THE EFFECTIVENESS OF PHILANTHROPY IN MAINE AND ITS ABILITY TO MAKE A MEANINGFUL DIFFERENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MPC HOSTS A WIDE RANGE OF EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS AND WEBINARS FOR GRANT MAKERS TO INFORM THEM ABOUT LOCAL AND NATIONAL TRENDS IN PHILANTHROPY, EXPLORE COMMON ISSUES, AND PROMOTE BEST PRACTICE EXCHANGE, SHARED LEARNING AND COLLABORATION. MPC STAFF ALSO PROVIDES INDIVIDUAL TECHNICAL ASSISTANCE AS WELL AS PRINT AND ELECTRONIC INFORMATION TO ITS MEMBERS ABOUT THE FIELD OF PHILANTHROPY.IN 2023, 707 NONPROFIT, PROFESSIONAL ADVISORS, AND FUNDERS OVER 43 PROGRAMS, FACILITATED 9 FUNDER AND NONPROFIT NETWORKS, AND HOSTED OVER 30 ORGANIZATIONS FOR 1:1 RESEARCH APPOINTMENTS. WE LAUNCHED A NEW BRAND, COMMITTED TO REMOVING BARRIERS FOR NONPROFITS TO ACCESS OUR RESOURCES THROUGH LOW AND NO COST MEMBERSHIP AND IN TURN HAVE INCREASED PAID MEMBERSHIPS TO MPC. OUR CONFERENCE GATHERED INDIVIDUALS FROM ALL AROUND MAINE TO EXPLORE ISSUES CRITICAL TO THE NONPROFIT AND PHILANTHROPIC SECTOR. OUR SUMMER LEARNING SERIES FEATURED IMPORTANT RESEARCH ABOUT MAINE PEOPLE AND COMMUNITIES. MPC CONTINUES TO ENCOURAGE AND SUPPORT FUNDER COLLABORATIONS IN EARLY CHILDHOOD, EDUCATION, ORAL HEALTH AND IMMIGRANT/REFUGEE COMMUNITIES WHILE ALSO SERVING AS THE SPONSOR FOR THE CLIMATE AND ENVIRONMENTAL FUNDERS NETWORK, FOOD SYSTEMS FUNDERS, INDIGENOUS FUNDERS NETWORK, AND THE ARTS & CULTURE FUNDERS NETWORK. THESE GROUPS EXCHANGE INFORMATION, EXPLORE NEW IDEAS AND CONSIDER JOINT/ALIGNED FUNDING OPPORTUNITIES. MPC OFFERS SERVICES TO HELP NONPROFITS ENHANCE THEIR GRANT SEEKING SKILLS AND POTENTIAL SUCH AS MONTHLY TUTORIALS, MONTHLY ELECTRONIC GRANT ADVISORIES AND THE DIRECTORY OF MAINE GRANTMAKERS. THE MAINE PHILANTHROPY CENTER PROMOTES BROAD PUBLIC AWARENESS OF PHILANTHROPY IN A VARIETY OF WAYS INCLUDING THE PUBLICATION OF AN ANNUAL MAINE GIVING REPORT, AND A PUBLIC WEBSITE WITH LOCAL AND NATIONAL DATA ABOUT CHARITABLE FOUNDATIONS. MPC IS AFFILIATED WITH CANDID AND THE FOUNDATION DIRECTORY ONLINE, A NATIONAL NONPROFIT THAT TRACKS FOUNDATION INFORMATION. THROUGH THIS AGREEMENT, MPC MAINTAINS ON-SITE LIBRARY RESOURCES INCLUDING PUBLIC ACCESS TO THE FOUNDATION CENTER'S SEARCHABLE NATIONAL DATABASE OF FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Hynd Chair | OfficerTrustee | 2 | $0 |
Gabriela Alcalde Vice Chair | OfficerTrustee | 1 | $0 |
Phil Walsh Secretary | OfficerTrustee | 1 | $0 |
Kati Denham Treasurer | OfficerTrustee | 1 | $0 |
Nicola Chin Director | Trustee | 1 | $0 |
Deborah Ellwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $275,043 |
| Fundraising events | $83,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,659 |
| Total Program Service Revenue | $16,109 |
| Investment income | $1,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $123,762 |
| Compensation of current officers, directors, key employees. | $12,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,352 |
| Pension plan accruals and contributions | $12,293 |
| Other employee benefits | $22,341 |
| Payroll taxes | $22,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,446 |
| Advertising and promotion | $0 |
| Office expenses | $15,080 |
| Information technology | $19,247 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,921 |
| 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 | $968 |
| All other expenses | $0 |
| Total functional expenses | $448,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,679 |
| Savings and temporary cash investments | $335,953 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $0 |
| 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 | $3,297 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,490 |
| Other assets | $0 |
| Total assets | $548,419 |
| Accounts payable and accrued expenses | $28,563 |
| Grants payable | $0 |
| Deferred revenue | $46,060 |
| 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 | $74,623 |
| Net assets without donor restrictions | $433,796 |
| Net assets with donor restrictions | $40,000 |
| 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 | $548,419 |