Southern Maine Community College Foundation

Organization Overview

Southern Maine Community College Foundation is located in South Portland, ME. The organization was established in 2001. 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. Southern 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, Southern Maine Community College Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $398.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Southern Maine Community College Foundation has awarded 16 individual grants totaling $2,113,682. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SMCC FOUNDATION'S PURPOSES ARE TO PROMOTE, ENCOURAGE AND SUPPORT, FINANCIAL AND OTHERWISE, ALL EDUCATIONAL ACTIVITIES AT SMCC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS AT SOUTHERN MAINE COMMUNITY COLLEGE AND OTHER GRANTS TO THE COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Judith Borelli
Treasurer
$0
Julie Chase
Executive Director
$0
Jane Eberle
Vice Chair
$0
Mark Duval
Chair
$0
Michael Vaillancourt
Secretary
$0
Joseph Cassidy
Ex-Officio
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$24,830
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,131,209
Noncash contributions included in lines 1a–1f $82,936
Total Revenue from Contributions, Gifts, Grants & Similar$1,156,039
Total Program Service Revenue$0
Investment income $70,495
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,245
Net Income from Fundraising Events -$993
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,245,786

Grants Awarded

Over the last fiscal year, Southern Maine Community College Foundation has awarded $376,836 in support to 2 organizations.

Grant RecipientAmount

SMCC

PURPOSE: SCHOLARSHIPS

$301,175

SMCC

PURPOSE: SMCC PROGRAMS & CAPITAL GRANTS

$75,661
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Southern Maine Community College Foundation has recieved totaling $75,998.

Awarding OrganizationAmount
Worthington Scholarship Foundation

Naples, FL

PURPOSE: SCHOLARSHIPS - C ALLEY, J BENSON, L BORCHERS, S BOWEN, M BROWN, M CAPUTO, S CARTAGENA, K COWLES, R CURTIS-BOWDEN, J DECKER, I EDWARDS, D EPPINGER, M FARRINGTON, A FOSTER, W FRASER, T GUILD, R HALLAM, A HAMMOND, R HAMMOND, M HANNA, E HAYES, S HENDERSON,R HESSELTINE, G HODGDON, L HOLT, J HUPP, A KURR, A MATHEWS, I MURRAY-BRYANT, E NELSON, M OLIVER, A PARMLEY, J PINKHAM, K RAHMAN, N TAVERNAKIS, E VARNUM, E WALKER, H WIELKI, L WILLIS

$75,748
Saco & Biddeford Savings Charitable Foundation

Saco, ME

PURPOSE: GENERAL OPERATING SUPPORT

$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,258,345
Earnings-$296,593
Net Contributions$194,683
Grants$103,718
Ending Balance$2,052,717

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