Maine College Of Art

Organization Overview

Maine College Of Art is located in Portland, ME. The organization was established in 1982. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Maine College Of Art employed 377 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine College Of Art 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 College Of Art generated $26.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $22.9m during the year ending 06/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION - PRIMARY MISSION. THE COLLEGE IS A PRIVATE INSTITUTION OFFERING BACHELOR AND MASTER OF FINE ARTS DEGREE PROGRAMS TO APPROXIMATELY 400 FULL-TIME STUDENTS CONCENTRATING IN THE FINE ARTS, A MASTER OF ART IN TEACHING PROGRAM, AS WELL AS A WIDE RANGE OF CONTINUING STUDIES CLASSES FOR INDIVIDUALS OF ALL AGES AND A PUBLICLY ACCESSIBLE GALLERY, THE INSTITUTE OF CONTEMPORARY ART.


INSTRUCTION - PRIMARY MISSION. THE COLLEGE IS A PRIVATE INSTITUTION OFFERING BACHELOR AND MASTER OF FINE ARTS DEGREE PROGRAMS TO APPROXIMATELY 400 FULL-TIME STUDENTS CONCENTRATING IN THE FINE ARTS, A MASTER OF ART IN TEACHING PROGRAM, AS WELL AS A WIDE RANGE OF CONTINUING STUDIES CLASSES FOR INDIVIDUALS OF ALL AGES AND A PUBLICLY ACCESSIBLE GALLERY, THE INSTITUTE OF CONTEMPORARY ART.


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Board, Officers & Key Employees

Name (title)Compensation
Laura Freid
President
$357,125
Elizabeth Elicker
Executive VP
$168,696
Ian Anderson
VP Academic & Dean
$134,510
Andr Fransen Van DE Putte
Enrollment Officer
$113,077
Brian Wilk
Chair
$0
Kathryn Yates
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
First Protection Services Inc
Security
$197,596
Jenzabar Inc
Software & Support
$173,845
First Protection Services Inc
Security
$197,596
Jenzabar Inc
Software & Support
$173,845
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$14,100
Related organizations$0
Government grants $2,428,607
All other contributions, gifts, grants, and similar amounts not included above$3,997,314
Noncash contributions included in lines 1a–1f $3,261,581
Total Revenue from Contributions, Gifts, Grants & Similar$6,440,021
Total Program Service Revenue$18,871,159
Investment income $241,566
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$3,104
Net Gain/Loss on Asset Sales $391,779
Net Income from Fundraising Events $67,096
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,019,477

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Maine College Of Art has recieved totaling $850.

Awarding OrganizationAmount
William Searls Scholarship Foundation

Damariscotta, ME

PURPOSE: SCHOLARSHIP

$850
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,833,954
Earnings$2,998,207
Net Contributions$3,039,143
Grants$458,852
Ending Balance$15,412,452

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