2022-11-22T10:26:03-06:00 2020-06-30 390758449 Wipfli LLP 30 Long Creek Drive South Portland ME 041062437 990 2019-07-01 043350930 University of Southern Maine Foundation UNIV 2077804708 PO Box 9300 Portland ME 041049300 Ainsley Newman Wallace President & CEO 2077804708 2022-11-21 1 Patrick Nicholas CPA P00289567 2077745701 2022-11-21 2019 2022-09-23 18:48:47Z X Ainsley Newman Wallace PO Box 9300 Portland ME 041049300 6793300 0 X www.usm.maine.edu/foundation X 1996 ME Support for the University of Southern Maine. 22 21 22 21 0 0 5447241 4914828 1525730 1504267 448991 374205 0 0 7421962 6793300 1865298 2347959 0 0 1635560 1565241 50878 228840 902560 195785 162656 3747521 4304696 3674441 2488604 28488474 31008162 138489 310235 28349985 30697927 To actively build and steward resources in support of the University of Southern Maine's mission of education, research, and public service and to educate the public about the activities and programs of the University of Southern Maine. 0 0 3036225 2347959 1504267 Supported the University by transferring scholarship funds for students studying, Science, Technology, Engineering, Health, Education, Music, Nursing, and for Students Studying at the Lewiston-Auburn Campus. Received donations to assist in supplying the Osher Map Library, housed at the University of Southern Maine, with maps, books, and artifacts. Received several large pledge intentions to create endowments for: an Endowed Chair for Risk Management, Promise Scholarship Fund, and Music Scholarships. Continued to invest endowments prudently and responsibly in order to provide income for scholarships, professorships, staff development and operations which all benefit the University of Southern Maine. 3036225 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 5 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Vicki LaQuerre 2072288521 PO Box 9300 Portland ME 04104 Cyrus Hagge Past Chair 1.50 X X 0 0 0 Daniel Crewe Chair 1.50 X X 0 0 0 Robert Blackwood Treasurer 1.20 X X 0 0 0 Robert H Dodge Secretary 0.70 X X 0 0 0 Justin Alfond Director 0.30 X 0 0 0 Marci Booth Director 0.40 X 0 0 0 Todd Chamberlain Director 0.20 X 0 0 0 Stephen deCastro Director 0.20 X 0 0 0 Dajaun Eubanks Director 0.30 X 0 0 0 Timothy Griffin Director 0.60 X 0 0 0 Christopher Hall Director 1.40 X 0 0 0 Rebecca McKinnell Director 0.40 X 0 0 0 Teresa Nizza Director 0.00 X 0 0 0 Bonnie Porta Director 0.20 X 0 0 0 Casey Prentice Director 0.50 X 0 0 0 Christopher Robinson Director 0.10 X 0 0 0 John Ryan Director 0.40 X 0 0 0 Deanna Sherman Director 0.20 X 0 0 0 Glenn Cummings Director 0.20 X 0 0 0 Jeffrey Jordan Director 0.20 X 0 0 0 Linda Varrell Director 0.20 X 0 0 0 Ainsley Newman Wallace President 40.00 X 126390 0 35623 Corey Hascall Vice President 40.00 X 113379 0 27785 Susan Palmer Director of Principal Gifts 40.00 X 105176 0 4532 344945 0 67940 3 0 1 0 0 4914828 1467194 4914828 Advancements services 900099 1504267 1504267 1504267 374205 374205 6793300 1504267 0 374205 2347959 2347959 274614 65618 38158 170838 866090 377591 198891 289608 84431 32805 17546 34080 257595 100573 65949 91073 82511 32059 17146 33306 2680 1041 557 1082 16050 6236 3335 6479 228840 228840 23852 9267 4957 9628 5832 2266 1212 2354 42083 16351 8745 16987 26689 10370 5546 10773 5505 2139 1144 2222 4556 1770 947 1839 3526 1370 733 1423 Event Productions 25856 25856 All Other Expenses 5027 1954 1045 2028 Sponsorships 1000 1000 4304696 3036225 365911 902560 2859515 4200842 3480022 3383169 23862 23862 0 0 22046076 23308088 102861 116063 28488474 31008162 138489 71235 239000 138489 310235 X 577858 700605 27772127 29997322 28349985 30697927 28488474 31008162 X 2488604 -135665 -4997 X 0 1 X 1 0 X 2867515 4646534 3037376 5447241 4927335 20926001 2867515 4646534 3037376 5447241 4927335 20926001 6029760 14896241 320753 270154 272095 448991 374205 1686198 22612199 4930632 0.65880 0.59210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21962340 1864204 213278 773601 23266221 20261631 1925313 588722 813326 21962340 18110692 1666269 1204677 720007 20261631 16246348 1162680 1831783 1130119 18110692 16169462 1135508 -289821 768801 16246348 0.88000 0.12000 1 0 23862 23862 0 0 Beneficial Interest In Char Rem Trust 66061 F UMaine System Investment Pool 23242027 F 23308088 6649435 -135665 -8200 -143865 6793300 0 6793300 4301493 -3203 -3203 4304696 0 4304696 Part V, Line 4: ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OPERATIONS. Part XI, Line 2d - Other Adjustments: change in value of beneficial interest -8,200. Part XII, Line 2d - Other Adjustments: Bad debts provision -3,203. 1 Lauren Sterling 75 Clearwater Drive 301 Portland ME 04105 Consulting 0 0 25854 -25854 Community Counseling Service Co LLC PO Box 824885 Philadelphia PA 191824885 Consulting 0 0 184529 -184529 210383 -210383 1 UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 1608659 USM programs & capital projects UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 653267 Endowment income gifted to USM UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 77871 Vendor valuation and invoices Donor's gift for the purchase of rare books and maps. Osher Map Library Collection University of Maine Foundation 75 Clearwater Drive 202 Falmouth ME 04105 016011501 7661 Other progrrams 2 Part I, Line 2: For restricted gifts - an invoicing system is used in accordance with an operating agreement established with the University of Maine System, and consistent with the donor's intentions. For endowment income gifted - the funds are remitted to University of Maine System to be used in accordance with donor agreements. X X 0 0 0 0 0 0 0 0 0 Ainsley Newman Wallace President 126390 0 0 0 0 0 5056 0 30567 0 162013 0 0 0 Part I, Line 3 The President/CEO's compensation is determined by the board and included in their written employment contract. X 10 1467194 FMV 0 1 0 Form 990, Part VI, Section B, line 11b Line 11a explanation - The return is prepared by our outside auditors in conjuction with information provided by the Foundation. The draft return is provided to the Foundation's Finance & Audit Committee for review and discussion. The final draft return is reviewed by the Foundation's finance manager and then provided to the Foundation's Board of Directors for final approval. Form 990, Part VI, Section B, line 12c All officers and directors with voting authority annually complete USM Foundation's code of ethics and conflict of interest agreements. A checklist is maintained tracking all forms received and reviewed for compliance. Form 990, Part VI, Section B, line 15a The Board of Directors reviews and approves the compensation for the President. Form 990, Part VI, Section C, line 19 The Foundation does make its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Bad debts provision 3,203. Change in value of beneficial interest & life insurance -8,200. Form 990, Item B, Amended Return Return is being amended to correct Functional expenses and related sections. The following sections and items have been changed: -Form 990, Part I, Summary: Changed Lines 13-17 with corrected functional expense amounts -Form 990, Part III, Statement of Program Service Accomplishments, lines 4a & 4e: Changed program expense and grants to correct amounts -Form 990, Part IX, Statement of Functional Expenses: expense amounts were properly allocated between program, management and general, and fundraising USM Foundation Supporting Council PO Box 9300 Portland ME 04104 814103942 Educational ME 501(c)(3) Line 5 Universtiy of SOuthern Maine Foundation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0