Mimi Foundation
- Assets
- $6.2m
- Revenue
- $416.0k
- Investments
- $5.1m
- Employees
- 0
- Location
- Scarborough, ME
- Founding
- 01/2006
- Data as of
- 12/2022
- 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 12/2022, Mimi Foundation generated $416.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $481.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mimi Foundation has awarded 150 individual grants totaling $1,430,750. 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 |
|---|---|---|---|
Calvin E True ESQ Secretary | 1 | $0 | |
Julia H Dinapoli President | 1 | $0 | |
Courtney H Mccollum Vice President (end 10/2022) | 1 | $0 | |
Karen K Schacht Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,757 |
| Dividends & Interest | $91,511 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $301,718 |
| Capital Gain Net Income | $301,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $415,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $374 |
| Total operating and administrative expenses | $71,255 |
| Contributions, gifts, grants paid | $410,000 |
| Total expenses and disbursements | $481,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,125,913 |
| 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 | $6,890 |
| Investments—other | $194,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,998 |
| Total assets | $6,221,454 |
| 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 $475,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Bangor, ME PURPOSE: GENERAL OPERATING SUPPORT | $105,500 |
MAINEHEALTH (FBO MAINE BEHAVIORAL HEALTHCARE) PURPOSE: GENERAL OPERATING SUPPORT | $81,500 |
HUSSON UNIVERSITY GRACIE THEATRE PURPOSE: GENERAL OPERATING SUPPORT | $45,000 |
BOOTHBAY REGION YMCA PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Kingfield, ME PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Td Charitable Foundation Falmouth, ME | $0 | $26,328,021 |
P M Allen Family Foundation Hanover, NH | $110,796,013 | $13,365,268 |
Rannie Webster Foundation Rye, NH | $21,769,366 | $13,522,122 |
Elmina B Sewall Foundation Freeport, ME | $198,399,545 | $18,229,129 |
Lunder Foundation Portland, ME | $114,918 | $28,179,943 |
Otto And Fran Walter Foundation Inc Boothbay Harbor, ME | $14,780,673 | $2,403,803 |
The Jack & Dorothy Byrne Foundation Inc Hanover, NH | $178,090 | $5,355,970 |
The Birchtree Center Portsmouth, NH | $2,377,101 | $5,561,187 |
The Bill And Joan Alfond Foundation Portland, ME | $33,512,660 | $6,141,856 |
Friends Of Notre-Dame De Paris Inc Etna, NH | $24,880,670 | $12,372,128 |
Sam L Cohen Foundation Portland, ME | $30,483,258 | $3,967,796 |
Huber Foundation Falmouth, ME | $75,719,525 | $3,696,908 |