Maine Community Foundation Inc

Maine Community Foundation Inc Overview

Maine Community Foundation Inc is located in Ellsworth, ME. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Maine Community Foundation Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Maine Community Foundation Inc generated $41.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $44.2m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Maine Community Foundation Inc has awarded 4,438 individual grants totaling $144,300,288. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

STATEWIDE COMMUNITY FOUNDATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTMAKING. OPERATION OF A STATEWIDE COMMUNITY FOUNDATION TO RECEIVE AND ACCEPT PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, IN OR FOR THE BENEFIT OF THE COMMUNITIES OF THE STATE OF MAINE AND ELSEWHERE, INCLUDING BUILDING PERMANENT AND LONG-TERM CHARITABLE FUNDS, PROVIDING STEWARDSHIP OF THOSE FUNDS, CONNECTING DONORS TO ORGANIZATIONS AND PROGRAMS THEY CARE ABOUT, AND MAKING EFFECTIVE GRANTS.


COMMUNITY LEADERSHIP. TO IMPROVE THE QUALITY OF LIFE FOR MAINE PEOPLE, MAINECF PARTNERS WITH DONORS, NONPROFITS, INSTITUTIONS, AND OTHER COMMUNITY MEMBERS TO ADDRESS THE BARRIERS THAT PREVENT MAINE PEOPLE FROM FULLY ENGAGING IN, AND CONTRIBUTING TO, MAINE COMMUNITIES AND THE MAINE ECONOMY. MAINECF'S STRATEGIC GOALS FOCUS ON FIVE CORE AREAS WITH POTENTIAL TO ADDRESS THIS CHALLENGE. THE FIVE GOALS INCLUDE: - YOUNG CHILDREN HAVE A STRONG START - ADULT LEARNERS HAVE ACCESS TO COMPLETE A DEGREE OR CERTIFICATE PROGRAM - ALL PEOPLE OF COLOR HAVE ACCESS TO OPPORTUNITIES AND ARE NOT (SEE SCHEDULE O FOR A CONTINUATION)LIMITED BY RACE OR ETHNICITY - OLDER PEOPLE IN MAINE ARE VALUED AND ABLE TO THRIVE - ENTREPRENEURS AND INNOVATORS IN MAINE HAVE THE OPPORTUNITY TO BRING THEIR BIG IDEAS TO LIFE


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Maine Community Foundation Inc Board, Officers & Key Employees

Maine Community Foundation Inc Vendors

Vendor Name (Service)Compensation
Cambridge Associates Llc
Investment Consulting
$236,799
Bowman Constructors
Construction Services
$125,913
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$29,460,577
Noncash contributions included in lines 1a–1f $9,168,930
Total Revenue from Contributions, Gifts, Grants & Similar$29,460,577
Total Program Service Revenue$895,115
Investment income $3,209,243
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,297,942
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,862,877

Maine Community Foundation Inc Grants Awarded

Over the last fiscal year, Maine Community Foundation Inc has awarded $31,117,388 in support to 853 organizations.

Grant RecipientAmount

WORTHINGTON SCHOLARSHIP FOUNDATION

Org PageRecipient Profile

Naples, FL

PURPOSE: Scholarships & Student Financial Aid

$4,450,000

MAINE FARMLAND TRUST

Org PageRecipient Profile

Belfast, ME

PURPOSE: Farmland Preservation

$3,534,278

HARRY E DAVIS PARTNERSHIP FOR CHILDRENS ORAL HEALTH

Org PageRecipient Profile

Yarmouth, ME

PURPOSE: Health Care Support

$756,000

MAINE ORGANIC FARMERS & GARDENERS ASSOCIATION

Org PageRecipient Profile

Unity, ME

PURPOSE: Professional Societies & Associations, Research Institutes & Public Policy Analysis

$544,971

UNIVERSITY OF SOUTHERN MAINE FOUNDATION

Org PageRecipient Profile

Portland, ME

PURPOSE: Higher Education

$439,781

IMMIGRANT LEGAL ADVOCACY PROJECT

Org PageRecipient Profile

Portland, ME

PURPOSE: Legal Services

$399,880
View Grant Profile

Maine Community Foundation Inc Grants Recieved

Over the last fiscal year, we have identified 11 grants that Maine Community Foundation Inc has recieved totaling $2,788,783.

Awarding OrganizationAmount
Sasco Foundation Xxxxx0008

Chicago, IL

PURPOSE: GENERAL

$2,422,835
Harry E Davis Partnership For Childrens Oral Health

Yarmouth, ME

PURPOSE: Maine Oral Health funders Pooled Funded Initaitive

$100,000
Avangrid Foundation Inc

Orange, CT

PURPOSE: COMMUNITY PROGRAMS

$100,000
John And Gayle Lee Family Foundation

Tarrytown, NY

PURPOSE: COMMUNITY DEVELOPMENT

$45,000
Hastings Foundation Inc

Darien, CT

PURPOSE: GENERAL

$33,948
Howard P Colhoun Fam Foundation Inc

Glyndon, MD

PURPOSE: FOR THE EXEMPT FUNCTION OF THE ORGANIZATION

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$175,840,255
Earnings$25,109,849
Admin Expense$2,038,914
Net Contributions$7,041,138
Other Expense$115,270
Grants$6,363,689
Ending Balance$199,473,369

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