2019-11-06T15:23:27-06:00 2018-12-31 010494526 Baker Newman & Noyes Box 507 Portland ME 04112 990 2018-01-01 010473137 Edward H Daveis Benevolent Fund EDWA 2076679735 245 Main Street Ellsworth ME 04605 James E Geary Treasurer 2076679735 2019-10-28 1 Nicholas E Porto P01310283 2078792100 2019-10-28 208.105.168.164 2019-10-28 13:43:49 ED P 1858DCD9145052AFD59E6E126536EE0AD80069D4 86AD5A998A217BD7885303F5109AB5202568ED7D 2018 2020-04-17 16:48:07Z Frederic L Thompson 245 Main Street Ellsworth ME 04605 144206 0 X www.mainecf.org X 1946 ME Support the Maine Community Foundation (MCF) and its charitable and educational purposes. 3 3 0 3 0 0 0 0 0 0 0 0 73876 144206 73876 144206 82620 86370 0 0 0 0 0 0 0 41740 43750 124360 130120 -50484 14086 2170896 2003416 0 0 2170896 2003416 Support the Maine Community Foundation (MCF) and its charitable and educational purposes. 0 0 86370 86370 0 The Edward H. Daveis Benevolent Fund benefits nonprofit organizations serving the greater Portland area. The Fund currently focuses grantmaking efforts on organizations in the geographic area that work with: (1) young children aged birth to eight, their families and teachers, and (2) youth leadership programs for students through high school. Collaboration between and among organizations is encouraged. Requests for discrete projects are preferred over those for general operations. 86370 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X James E Geary 2076679735 245 Main Street Ellsworth ME 04605 Katharine Fullam Harris Trustee 0.10 1.00 X 0 0 0 Erik C Jorgensen Trustee 0.10 0.00 X 0 0 0 Frederic L Thompson Chair/Trustee 0.10 0.00 X X 0 0 0 James E Geary Treasurer 0.10 50.30 X 0 150018 28492 0 150018 28492 0 0 1 0 0 Share-MCF Cap. Gains 523000 122064 122064 Share-MCF Invest. Inc. 523000 22142 22142 144206 144206 0 0 144206 86370 86370 30459 30459 Share-MCF Invest. Fees 13291 13291 130120 86370 43750 0 2170896 2003416 2170896 2003416 0 0 X 2170896 2003416 2170896 2003416 2170896 2003416 X 14086 -179566 -2000 X X 0 1 X 1 0 X X 1 Maine Community Foundation 010391479 8 1 32459 0 1 32459 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Part IV, Section A, Line 1: The Edward H. Daveis Benevolent Fund's organizational documents identify its supported organization as the Maine Community Foundation (listed by name in Part I) and also a class of organizations designated as "charitable organizations in the Greater Portland Maine area". The Edward H. Daveis Benevolent Fund supports these charitable organizations through the administration of grants. The Supporting Organization's more narrow focus allows for it to better coordinate these grant awards that, but for the existence of the Daveis Fund, would otherwise be administered through the Maine Community Foundation. Part IV, Section B, Line 2: Please refer to explanation for Schedule A, Part IV, Section A, Line 1. 2170896 -48651 86370 2000 30459 2003416 1998316 285544 82620 1000 29344 2170896 1960666 144619 79095 27874 1998316 2087308 -6419 80500 151 39572 1960666 2099484 113551 81850 1000 42877 2087308 1.00000 0.00000 0.00000 0 1 1 0 Allocable share of MCF (supported organization) investment portfolio 2003416 F 2003416 X Part V, Line 4: The intended use of the endowment funds is for charitable grant making to non-profit organizations in the greater Portland, ME area. Part X, Line 2: MaineCF and its supporting organization, Maine Community Supporting Foundation, are tax-exempt organizations as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and are generally exempt from income taxes pursuant to Section 501(a) of the Code and qualify as public charities under Section 170(b)(1)(A)(vi) of the Code. The Edward H. Daveis Benevolent Fund and the Vincent B. and Barbara G. Welch Supporting Organization are exempt from federal income taxes under Section 501(a) of the Code. In certain circumstances, tax-exempt organizations may be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. Management has evaluated the Foundation's tax positions and concluded that the Foundation has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the consolidated financial statements. 1 A Company of Girls PO Box 7527 Portland ME 04112 050631726 501(c)(3) 5000 Theater Catherine Morrill Day Nursery 96 Danforth Street Portland ME 04101 010211542 501(c)(3) 5000 Child Day Care Educare Central Maine 56 Drummond Avenue Waterville ME 04901 264176872 501(c)(3) 5000 Education Maine Humanities Council 674 Brighton Avenue Portland ME 04102 010339295 501(c)(3) 5000 Arts & Humanities Councils & Agencies Telling Room 225 Commercial Street Suite 201 Portland ME 04101 743136956 501(c)(3) 5000 Arts Education Wolfes Neck Farm Foundation Inc 184 Burnett Road Freeport ME 04032 222586116 501(c)(3) 5000 Youth Development, Agricultural Gulf of Maine Research Institute 350 Commerical Street Portland ME 04101 010504905 501(c)(3) 6500 Marine Science & Oceanography Boys and Girls Clubs of Southern Maine 277 Cumberland Avenue PO Box 7830 Portland ME 041127830 010211543 501(c)(3) 7500 Boys & Girls Clubs Portland Maine Symphony Orchestra 50 Monument Square Second Floor Portland ME 04101 016006058 501(c)(3) 7500 Symphony Orchestras Rippleffect Inc PO Box 441 Portland ME 04112 010521260 501(c)(3) 7500 Youth Development Programs YMCA of Southern Maine 70 Forest Avenue Portland ME 40101 010211568 501(c)(3) 10000 Young Mens or Womens Associations 11 0 Part I, Line 2: Grant payments to organizations are initiated by recommendation from the review committee which consists of the board and directors. Grants are authorized by a vote at an annual committee meeting and then documented in the minutes of the committee meeting. Prior to awarding a grant, determination is made that the organization is a 501(c)(3) or a public organization in good standing. For grants to organizations, an award letter is sent with each grant check. The award letter clearly states the purpose of the grant and the terms of the award, which include a requirement that the organization will use the grant only for the purpose stated in the letter. The award letter also states that by depositing the grant check, the organization agrees to and accepts the terms of the award. Organizations receiving grants are required to submit a project progress report approximately 10 months after receiving payment of the grant. Organizations that fail to file a progress report are not eligible for future funding for one year or until the missing report is filed. 0 0 0 0 0 0 0 0 0 James E Geary Treasurer 0 150018 0 0 0 0 0 13954 0 14538 0 178510 0 0 Part I, Line 3 The Edward H. Daveis Benevolent Fund does not have any employees. However, the Vice President/CFO of Maine Community Foundation (MCF), the supported organization, oversees the finances of the Edward H. Daveis Benevolent Fund. MCF uses a compensation committee, an independent compensation consultant, the Form 990 of other organizations, compensation surveys or studies, and approval by the board or a compensation committee to assist in establishing the compensation for this position. Form 990, Part VI, Section B, line 11b A copy of Form 990 is sent electronically to all trustees for review and comment. Once the allotted period of time has passed for trustee review, any additional corrections are made and Form 990 is filed with the IRS. Form 990, Part VI, Section B, line 12c Annually, all directors and officers are required to read the conflict of interest policy and sign a disclosure form on which each individual acknowledges their obligation to disclose any conflict of interest and comply with the conflict of interest policy. Directors also abstain from voting to approve grants to any organization for which they have an interest. Form 990, Part VI, Section B, line 15 The Edward H. Daveis Benevolent Fund has no employees. However, the CEO and other officers of the supported organization, Maine Community Foundation (MCF), oversee the Edward H. Daveis Benevolent Fund. The process for determining compensation for the CEO of MCF includes use of an independent compensation consultant, compensation survey, and approval by the MCF Board Executive Committee, which acts as the compensation committee for the MCF Board. Periodic surveys and use of independent compensation consultants are employed to assist in determining compensation for officers and key employees. MCF also maintains salary ranges by position grades, which are reviewed and updated annually. Form 990, Part VI, Section C, line 19 The governing documents, Form 990 and audited consolidated financial statements are available upon request. In addition, Form 990 and the audited consolidated financial statements are posted on the website of the supported organization, Maine Community Foundation, at www.mainecf.org. Form 990, Part XI, line 9: Transfer to Related Organization -2,000. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year. Maine Community Foundation 245 Main Street Ellsworth ME 04605 010391479 Statewide community foundation ME 501(c)(3) Line 8 N/A 0 Vincent B and Barbara G Welch Supporting Organization 245 Main Street Ellsworth ME 04605 270676659 Support MCF through grant making activities ME 501(c)(3) Line 12a, I Maine Community Foundation 0 Maine Community Supporting Foundation 245 Main Street Ellsworth ME 04605 010517228 Support MCF by receiving real estate and other unique charitable gifts ME 501(c)(3) Line 12a, I Maine Community Foundation 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0