Maine Blue Collar Scholarship Foundation
- Assets
- $523.8k
- Revenue
- $359.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Gorham, ME
- Founding
- 09/2018
- Data as of
- 12/2023
- EIN
- 82-3807661
Organization Overview
Maine Blue Collar Scholarship Foundation is located in Gorham, ME. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Blue Collar Scholarship 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 12/2023, Maine Blue Collar Scholarship Foundation generated $359.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $115.2k during the year ending 12/2023. While expenses have increased by 28.1% per year over the past 6 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.
Since 2018, Maine Blue Collar Scholarship Foundation has awarded 182 individual grants totaling $176,828. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REMOVE THE BARRIERS FOR MOTIVATED INDIVIDUALS PURSUING A CAREER IN THE TRADES. THE ORGANIZATION AIMS TO REINVIGORATE THE TRADES THAT BUILT AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS SCHOLARSHIPS TO MOTIVATED INDIVIDUALS TO BE USED FOR TOOL-SHIPS AND CONTINUING EDUCATION. EACH YEAR WE RECEIVE HUNDREDS OF APPLICATIONS FROM YOUNG MAINERS WITH A PASSION FOR THE TRADES AND WORKING WITH THEIR HANDS. THE AVERAGE AGE OF MAINE'S TRADE WORKER IS RISING AND TO SEE THIS SURGE IN YOUNG PEOPLE ENTERING THE TRADES IS EXACTLY WHAT WE NEED TO REINVIGORATE THE WORKFORCE IN MAINE. THE FOUNDATION HAS PROUDLY REMOVED THE BARRIERS FOR MANY YOUNG MAINERS WITH THE PURCHASE OF TOOLS, GAS TO GET TO CLASS, HOUSING WHILE THEY COMPLETE THEIR PROGRAMS AND TUITION. RECIPIENTS OF A SCHOLARSHIP CAN SUBMIT RECEIPTS FOR REIMBURSEMENT OR THEY CAN SUBMIT THEIR 2ND SEMESTER TRANSCRIPT AND THE FOUNDATION WILL SEND A CHECK DIRECTLY TO THEIR SCHOOL. WE HAVE DEVELOPED STRONG RELATIONSHIPS WITH ALL THE COMMUNITY COLLEGES IN MAINE AS WELL AS THE 27 CTE SCHOOLS THROUGHOUT THE STATE. THERE ARE NO PAID POSITIONS WITHIN THE FOUNDATION, IT IS ALL VOLUNTEER EFFORTS, AND THE SCHOLARSHIPS ARE FUNDED PRIMARILY BY SMALL BLUE-COLLAR BUSINESSES THROUGHOUT MAINE. MANY OF THESE BUSINESSES HARE CURRENTLY HIRING AND ARE EAGER TO INVEST IN LOCAL YOUNG TALENT. MAINE STUDENTS INTERESTED IN APPLYING FOR THE SCHOLARSHIP MAY DO SO THROUGH THE MAINE BLUE COLLAR SCHOLARSHIP FOUNDATION ON THEIR WEBSITE, MAINEBLUECOLLAR.COM.WE RECENTLY PARTNERED WITH MEMIC TO PROVIDE INSTRUCTOR SCHOLARSHIPS. THE GOAL OF THE SCHOLARSHIPS IS TO INTRODUCE EDUCATORS TO THE BEST-IN-CLASS BUSINESS IN THEIR INDUSTRY. THESE CONNECTIONS ARE CRUCIAL TO HELP INSTRUCTORS PROVIDE THE SKILLS NECESSARY FOR THEIR GRADUATING CLASSES TO BE SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justard Lisa Board Member | Trustee | 0.2 | $0 |
Kaserman Kevin Board Member | Trustee | 0.2 | $0 |
Ladd Steve Board Member | Trustee | 0.2 | $0 |
Marston Amy Board Member | Trustee | 0.2 | $0 |
Parent Michael Board Member | Trustee | 0.2 | $0 |
Risbara Maria Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,384 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $357,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,166 |
| Total Program Service Revenue | $0 |
| Investment income | $764 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $112,023 |
| 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 | $2,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $149 |
| Information technology | $289 |
| 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 | $0 |
| Total functional expenses | $115,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,800 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $523,800 |
| 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 | $523,800 |
| Net assets with donor restrictions | $0 |
| 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 | $523,800 |
Grants Awarded
Over the last fiscal year, Maine Blue Collar Scholarship Foundation has awarded $111,328 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
BERNAICHE RYAN PURPOSE: SCHOLARSHIP/TOOLSHIP | $500 |
ADAMS SHELBY PURPOSE: SCHOLARSHIP/TOOLSHIP | $500 |
BOLDUC JOSEPH PURPOSE: SCHOLARSHIP/TOOLSHIP | $1,169 |
ALEXANDER JACOB PURPOSE: SCHOLARSHIP/TOOLSHIP | $500 |
BOWMAN CHRISTOPHER PURPOSE: SCHOLARSHIP/TOOLSHIP | $500 |
BRAGG JOSHUA PURPOSE: SCHOLARSHIP/TOOLSHIP | $500 |