Maine Central Institute

Organization Overview

Maine Central Institute is located in Pittsfield, ME. The organization was established in 1972. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Maine Central Institute employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Central Institute 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 06/2021, Maine Central Institute generated $10.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $9.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SECONDARY SCHOOL EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINE CENTRAL INSTITUTE OFFERS HIGH SCHOOL AND POSTGRADUATE PROGRAMS IN PITTSFIELD, MAINE TO MAINE SCHOOL ADMINISTRATIVE DISTRICT #53 (SAD #53), STUDENTS ATTENDING FROM TOWNS WITH SCHOOL CHOICE, STUDENTS TRANSFERRING FROM OTHER DISTRICTS AND BOARDING STUDENTS. EDUCATION AND MEALS PROVIDED FOR APPROXIMATELY 400 STUDENTS; HOUSING IS PROVIDED FOR APPROXIMATELY 73 STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Christopher Mcdonald
Headmaster
$176,498
Karla Edney
Cfo/director Of Operations
$100,366
Norbert Young
President
$0
Tania Carnrick
Vice President
$0
Dan Tilton
Treasurer
$0
Daniel Welch
Business Manager
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Abm Mechancial
Mechanical Services
$141,065
Cunningham Security Systems
Security System
$100,100
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $931,250
All other contributions, gifts, grants, and similar amounts not included above$515,573
Noncash contributions included in lines 1a–1f $6,210
Total Revenue from Contributions, Gifts, Grants & Similar$1,446,823
Total Program Service Revenue$8,195,425
Investment income $408,464
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $642,567
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,693,279

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Maine Central Institute has recieved totaling $150,727.

Awarding OrganizationAmount
Savage Family Foundation

Needham, MA

PURPOSE: GENERAL CHARITABLE

$50,000
$37,363
John W Manson Trust Key Trust Co Trustee

Brooklyn, OH

PURPOSE: GENERAL OPERATING

$21,253
$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$10,000
Cianbro Charitable Foundation

Pittsfield, ME

PURPOSE: EDUCATION

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,788,321
Ending Balance$8,788,321

Peer Organizations

Organization NameAssets
Derryfield School
Manchester, NH
$20,323,202
Tilton School
Tilton, NH
$28,426,192
Gould Academy
Bethel, ME
$16,747,864
Kents Hill School
Kents Hill, ME
$12,333,982
The Trustees Of Fryeburg Academy
Fryeburg, ME
$20,722,502
Coe-Brown Northwood Academy
Northwood, NH
$13,826,653
North Yarmouth Academy
Yarmouth, ME
$17,214,127
Dublin School Inc
Dublin, NH
$17,498,470
Lincoln Academy
New Castle, ME
$16,577,404
The White Mountain School
Bethlehem, NH
$10,223,577
Maine Central Institute
Pittsfield, ME
$10,693,279
Hyde School
Bath, ME
$8,609,134

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