Midcoast Senior College
- Assets
- $284.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 27-3649225
Organization Overview
Midcoast Senior College is located in Brunswick, ME. The organization was established in 2012. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Midcoast Senior College 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, Midcoast Senior College generated $131.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $107.4k during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL COURSES, LECTURES AND EXCURSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Marshall Executive Director | 40 | $62,400 | |
Leona Dufour Director | 2 | $0 | |
Freda Bernotavicz Director | 3 | $0 | |
Bruce Hauptil Director | 2 | $0 | |
M Kelly Matzen Director | 1 | $0 | |
Lynn Lockwood President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,335 |
| Total Program Service Revenue | $62,915 |
| Membership dues | $18,095 |
| Investment income | $13,273 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $131,618 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,100 |
| Professional fees and other payments to independent contractors | $8,384 |
| Occupancy, rent, utilities, and maintenance | $7,347 |
| Printing, publications, postage, and shipping | $1,357 |
| Other expenses | $22,222 |
| Total expenses | $107,410 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $284,453 |
| Other assets | $0 |
| Total assets | $284,453 |
| Total liabilities | $2,209 |
| Net assets or fund balances | $282,244 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Midcoast Senior College has recieved totaling $5,300.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Undergraduate Colleges | $5,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: FOR THE GENERAL PURPOSES OR OTHER CHARITABLE PURPOSES OF THE ORGANIZATION. | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
New Hampshire Assoc Of Special Education Administrators Inc Concord, NH | $597,509 | $614,462 |
Axiom Education & Training Center Machias, ME | $38,090 | $461,922 |
Northern New England Center For Financial Training Springvale, ME | $383,958 | $502,348 |
Womens Rural Entrepreneurial Network Bethlehem, NH | $244,430 | $329,541 |
Association Of Computer Technology Educators Of Maine Gorham, ME | $431,468 | $232,156 |
Monadnock Art X Tech Peterborough, NH | $88,260 | $264,707 |
Curran Homestead Orrington, ME | $2,707,987 | $129,060 |
Midcoast Literacy Bath, ME | $113,334 | $0 |
College Guild Brunswick, ME | $415,805 | $0 |
Taproot Farm & Environmental Education Center Lancaster, NH | $259,954 | $211,869 |
Midcoast Senior College Brunswick, ME | $284,453 | $0 |