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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Judith Borelli Treasurer | OfficerTrustee | 1 | $0 |
Julie Chase Executive Director | OfficerTrustee | 10 | $0 |
Jane Eberle Vice Chair | OfficerTrustee | 1 | $0 |
Mark Duval Chair | OfficerTrustee | 1 | $0 |
Michael Vaillancourt Secretary | OfficerTrustee | 1 | $0 |
Joseph Cassidy Ex-Officio | Trustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $376,836 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $9,430 |
Fees for services: Other | $9,235 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $854 |
All other expenses | $1,977 |
Total functional expenses | $398,332 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $161,169 |
Savings and temporary cash investments | $1,049,164 |
Pledges and grants receivable | $505,000 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $2,052,717 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,768,050 |
Accounts payable and accrued expenses | $87,290 |
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 | $87,290 |
Net assets without donor restrictions | $279,656 |
Net assets with donor restrictions | $3,401,104 |
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 | $3,768,050 |
Over the last fiscal year, Southern Maine Community College Foundation has awarded $376,836 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SMCC PURPOSE: SCHOLARSHIPS | $301,175 |
SMCC PURPOSE: SMCC PROGRAMS & CAPITAL GRANTS | $75,661 |
Over the last fiscal year, we have identified 2 grants that Southern Maine Community College Foundation has recieved totaling $75,998.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $2,258,345 |
Earnings | -$296,593 |
Net Contributions | $194,683 |
Grants | $103,718 |
Ending Balance | $2,052,717 |
Organization Name | Assets | Revenue |
---|---|---|
University Of New Hampshire Foundation Incorporated Durham, NH | $251,217,834 | $34,299,189 |
University Of Maine Foundation Orono, ME | $392,570,813 | $22,127,345 |
Maine Center Ventures Orono, ME | $2,948,482 | $3,531,786 |
Northern Maine Community College Foundation Presque Isle, ME | $4,209,666 | $599,029 |
Wells Public Library Foundation Inc Wells, ME | $16,968 | $76,245 |
University Of Maine School Of Law Foundation Portland, ME | $6,829,939 | $929,272 |
Founders Academy Foundation Manchester, NH | $5,624,673 | $768,570 |
Southern Maine Community College Foundation South Portland, ME | $3,768,050 | $1,245,786 |
Camden Public Library Fund Camden, ME | $1,679,359 | $603,187 |
Friends Of The Weeks Public Library Greenland, NH | $101,158 | $27,678 |
Kennebec Valley Community College Foundation Fairfield, ME | $5,554,302 | $699,650 |
Concord Christain Academy Giving & Going Alliance Concord, NH | $291,148 | $254,410 |