Mimi Foundation
- Assets
- $0.0
- Revenue
- $399.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Scarborough, ME
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 20-3957984
Organization Overview
Mimi Foundation is located in Scarborough, ME. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mimi 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, Mimi Foundation generated $399.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $6.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mimi Foundation has awarded 120 individual grants totaling $7,691,550. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alec Dinapoli Director | 1 | $0 | |
Bradley Mccollum Director | 1 | $0 | |
Julia H Dinapoli President | 1 | $0 | |
Karen K Schacht Treasurer | 1 | $0 | |
Calvin E True ESQ Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,935 |
| Dividends & Interest | $198,379 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $182,300 |
| Capital Gain Net Income | $182,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $986 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66 |
| Total operating and administrative expenses | $31,210 |
| Contributions, gifts, grants paid | $6,569,000 |
| Total expenses and disbursements | $6,600,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mimi Foundation has awarded $6,569,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BANGOR SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATING SUPPORT | $287,500 |
CAMP BEECH CLIFF PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
FAMILY ICE DBA SAVE THE POND PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
HUSSON UNIVERSITY GRACIE THEATRE PURPOSE: GENERAL OPERATING SUPPORT | $1,000,000 |
MAINE COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $4,872,500 |
OLYMPIA SNOWE WOMEN'S LEADERSHIP INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |