Maine Coast Healthcare Foundation
- Assets
- $4.6m
- Revenue
- $64.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ellsworth, ME
- Founding
- Data as of
- 09/2015
- EIN
- 56-2344952
Organization Overview
Maine Coast Healthcare Foundation is located in Ellsworth, ME. Maine Coast Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND HOLD DONATIONS FOR THE BENEFIT OF MAINE COAST REGIONAL HEALTH FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S MISSION IS TO PROVIDE PHILANTHROPIC SUPPORT TO MAINE COAST REGIONAL HEALTH FACILITIES TO ENSURE THAT "A MARGIN OF EXCELLENCE" IS MAINTAINED IN PROVIDING HEALTHCARE IN OUR COMMUNITY. THE ORGANIZATION MADE A SINGLE GIFT OF $132,748 TO THE SUPPORTED ORGANIZATION TO BE DEDICATED TO THE PURCHASE OF CAPITAL EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauri E Fernald Chair | OfficerTrustee | 1.5 | $0 |
Barbara D Clark Secretary | OfficerTrustee | 1 | $0 |
Paul L Tracy Vice Chair | OfficerTrustee | 1 | $0 |
Roberta S Kuriloff ESQ Treasurer | OfficerTrustee | 1 | $0 |
Jack A Frost Executive Director | Officer | 20 | $0 |
Nancy P Aronson Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,459 |
| Investment income | $28,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,440 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,995 |
| 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 | $5,652 |
| Fees for services: Other | $0 |
| Advertising and promotion | $304 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,423 |
| Pledges and grants receivable | $760 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $4,467,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,727 |
| Total assets | $4,617,810 |
| Accounts payable and accrued expenses | $38,868 |
| 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 | $38,868 |
| Net assets without donor restrictions | $4,047,840 |
| Net assets with donor restrictions | $131,102 |
| Capital stock or trust principal, or current funds | $400,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,578,942 |
Endowment Analysis
| Beg. Balance | $4,813,477 |
| Earnings | -$14,121 |
| Admin Expense | $81,599 |
| Net Contributions | $38,735 |
| Other Expense | $131,533 |
| Ending Balance | $4,624,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice Care In The Berkshires Inc Pittsfield, MA | $16,662,591 | $10,823,109 |
Center Of Hope Foundation Incorporated Southbridge, MA | $12,255,535 | $11,027,836 |
Northern Maine General Eagle Lake, ME | $10,507,292 | $9,847,119 |
Little Peoples School Inc West Newton, MA | $3,783,797 | $9,734,167 |
Lovin Spoonfuls Inc Newton, MA | $3,214,196 | $11,326,279 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
Icatholic Media Inc Watertown, MA | $61,629,216 | $14,295,555 |
Chs Of Waltham Inc Waltham, MA | $8,156,502 | $8,981,090 |
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Madonna Manor Inc North Attleboro, MA | $3,390,766 | $9,186,999 |
Penobscot Bay Physicians & Assoc Belfast, ME | $0 | $9,876,122 |