U S M Student Senate
- Assets
- $769.9k
- Revenue
- $633.0k
- Investments
- $0.0
- Employees
- 55
- Location
- Portland, ME
- Founding
- 03/1987
- Data as of
- 06/2023
- EIN
- 22-2494572
Organization Overview
U S M Student Senate is located in Portland, ME. The organization was established in 1987. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2023, U S M Student Senate employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U S M Student Senate 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 06/2023, U S M Student Senate generated $633.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $808.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION AND MANAGEMENT OF STUDENT GOVERNMENT SERVICES FOR THE UNIVERSITY OF SOUTHERN MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT EVENTS BOARD - A BOARD COMPOSED ENTIRELY OF STUDENTS WHOSE MISSION IS TO PLAN AND EXECUTE FREE SOCIAL ACTIVITIES FOR STUDENTS AT THE PORTLAND, ME, GORHAM, ME, AND LEWISTON AND AUBURN CAMPUS.
WMPG-FM - AN ON-CAMPUS RADIO STATION THAT OPERATES CONTINUOUSLY THROUGHOUT THE YEAR. STUDENTS ARE GIVEN THE OPPORTUNITY TO LEARN ABOUT THE OPERATIONS OF THE STATION, INCLUDING PROGRAMMING AND DISTRIBUTION.
THE FREE PRESS - A CAMPUS NEWSPAPER WRITTEN, EDITED, AND PUBLISHED BY STUDENTS BI-WEEKLY OR EVERY THREE WEEKS THROUGHOUT THE ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chance Gagne Chair | OfficerTrustee | 6 | $4,500 |
Bilal Hussein Vice-Chair | OfficerTrustee | 6 | $1,875 |
Prise Josephine Parliamentarian | OfficerTrustee | 6 | $4,500 |
Sam Mgendi Treasurer | OfficerTrustee | 6 | $4,500 |
Bryan Mustapha Senator | Trustee | 6 | $4,000 |
Brianna Demaso Senator | Trustee | 6 | $4,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $139,821 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,041 |
| Total Program Service Revenue | $24,195 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,375 |
| Compensation of current officers, directors, key employees. | $4,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,659 |
| Advertising and promotion | $20,257 |
| Office expenses | $42,629 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,462 |
| Travel | $18,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,140 |
| Insurance | $0 |
| All other expenses | $38,039 |
| Total functional expenses | $808,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,038 |
| Savings and temporary cash investments | $228,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,114 |
| Net Land, buildings, and equipment | $57,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $769,866 |
| Accounts payable and accrued expenses | $23,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,772 |
| Net assets without donor restrictions | $746,094 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $769,866 |