Central Maine Community College Foundation
- Assets
- $1.4m
- Revenue
- $242.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, ME
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 22-2999203
Organization Overview
Central Maine Community College Foundation is located in Auburn, ME. The organization was established in 1989. 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. Central 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, Central Maine Community College Foundation generated $242.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $147.3k during the year ending 06/2022. 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
SUPPORT CENTRAL MAINE COMMUNITY COLLEGE BY PROVIDING FINANCIAL ASSISTANCE TO THEIR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CENTRAL MAINE COMMUNITY COLLEGE WITH SCHOLARSHIPS FOR STUDENTS WITH FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Adams Director/vice Chair | OfficerTrustee | 5 | $0 |
Joanne Campbell Director/treasurer | OfficerTrustee | 5 | $0 |
Jennifer Hogan Director/chair | OfficerTrustee | 15 | $0 |
Maureen Aube Dean Of Finance | Officer | 3 | $0 |
Christine Bosse Director | Trustee | 3 | $0 |
Bruce Tisdale Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,164 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $182,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,382 |
| Total Program Service Revenue | $0 |
| Investment income | $18,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,577 |
| Net Income from Fundraising Events | -$16,558 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,321 |
| 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 | $55 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,874 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,000 |
| 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 | $0 |
| All other expenses | $226 |
| Total functional expenses | $147,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,335,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,378,787 |
| 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 | $324,702 |
| Net assets with donor restrictions | $1,054,085 |
| 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 | $1,378,787 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Maine Community College Foundation has recieved totaling $32,062.
| Awarding Organization | Amount |
|---|---|
Worthington Scholarship Foundation Naples, FL PURPOSE: SCHOLARSHIPS - J ACHORN, E ALLARD, Z BRYANT, K CAMPBELL, R COX, O DALRYMPLE, A DAY, K HERTZ, G HESSELTINE, A LAIR, G MALO, L PHILBROOK, B SMITH, G MALO, A VALENTE, N WALDRON, J WILLEY | $29,062 |
Mclanathan-Phippsburg Fire And Rescue Fund Inc Phippsburg, ME PURPOSE: SCHOLARSHIP | $3,000 |
Endowment Analysis
| Beg. Balance | $1,016,795 |
| Earnings | -$84,399 |
| Net Contributions | $151,904 |
| Grants | $30,215 |
| Ending Balance | $1,054,085 |
Peer Organizations
| 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 |