2016-11-14T12:07:38-06:00 2016-06-30 010242373 Macpage LLC 30 Long Creek Drive South Portland ME 04106 990 2015-07-01 043350930 University of Southern Maine Foundation UNIV 2077804741 96 Falmouth Street Portland ME 041049300 George N Campbell Jr President & CEO 2077804741 2016-11-01 1 Patrick Nicholas P00289567 2077745701 2016-11-01 2015 2017-02-10 21:41:12Z George N Campbell Jr 96 Falmouth Street Portland ME 041049300 3188268 0 X www.usm.maine.edu/foundation X 1996 ME Support for the University of Southern Maine. 16 16 0 16 0 0 2079243 2867515 0 0 461684 320753 0 0 2540927 3188268 1314508 1429739 0 0 0 0 0 0 76831 286264 216290 1600772 1646029 940155 1542239 18875216 19726704 28712 0 18846504 19726704 To actively build and steward resources in support of the University of Southern Main'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 1429739 1429739 Supported the University by raising scholarship funds for students primarily focused in the areas of Science, Technology, Engineering, Health, Education, Music, Nursing and for students studying at the Lewiston-Auburn Campus. Donations were received in support of students studying abroad and international students who attend USM. Received donations to assist in supplying the Osher Map Library, housed at the University of Southern Maine, with maps, books, and artifacts. Additionally, received funds to support LGBT collections. 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 1429739 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Pam Trempe 2077804741 96 Falmouth Street Portland ME 04104 X Edward S McKersie Chair 0.60 X X 0 0 0 Robert Blackwood Treasurer 0.70 X X 0 0 0 Jon S Oxman Secretary 0.30 X X 0 0 0 George N Campbell Jr President 12.00 X X 0 0 0 Joyce Rowe Cassidy Director 0.10 X 0 0 0 Todd Chamberlain Director 0.20 X 0 0 0 Daniel Crewe Director 0.40 X 0 0 0 Glenn Cummings Director 0.30 X 0 0 0 Robert H Dodge Director 0.20 X 0 0 0 Cyrus Hagge Director 0.30 X 0 0 0 Christopher Hall Director 0.10 X 0 0 0 Rebecca McKinnell Director 0.10 X 0 0 0 Bonnie Porta Director 0.10 X 0 0 0 Casey Prentice Director 0.30 X 0 0 0 Teresa Schulz Director 0.20 X 0 0 0 Deanna Sherman Director 0.00 X 0 0 0 0 0 0 0 0 0 0 0 2867515 236060 2867515 320753 320753 3188268 0 0 320753 1429739 1429739 155231 78400 76831 7187 7187 14050 14050 8559 8559 28080 28080 11 11 3172 3172 1646029 1429739 139459 76831 2047297 3036068 348574 268542 23862 23862 12 0 16444924 16381511 34409 40583 18875216 19726704 28712 28712 0 X 514552 522637 5698664 5434511 12633288 13769556 18846504 19726704 18875216 19726704 X 1542239 -607270 -54769 X 0 1 X 1 0 X 576077 1533426 953194 2079243 2867515 8009455 576077 1533426 953194 2079243 2867515 8009455 4461980 3547475 267400 278510 337206 461684 320753 1665553 9675008 0.36670 0.42210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16169462 1135508 -289821 768801 16246348 19588197 -2571055 -168662 679018 16169462 16992446 512644 2746812 663705 19588197 15660851 161985 1891005 721395 16992446 16066330 529080 -323276 611283 15660851 0.00000 0.84000 0.16000 1 0 23862 23862 0 0 Beneficial Interest In Char Rem Trust 71098 F Net Investment In Direct Financing Lease 64065 F UMaine System Investment Pool 16246348 F 16381511 X 2817094 -607270 251928 -15832 -371174 3188268 0 3188268 1936894 251928 38937 290865 1646029 0 1646029 Part V, Line 4: ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OPERATIONS. Part X, Line 2: Management evaluates its tax positions taken by the Foundation and recognizes a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination. Management concluded that the Foundation has maintained its tax exempt status and has taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Foundation believes it is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities three years after the filing of the return. Part XI, Line 2d - Other Adjustments: change in value of beneficial interest -15,832. Part XII, Line 2d - Other Adjustments: Bad debts on pledges 38,937. 1 UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 461349 USM programs & capital projects UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 660416 Endowment income gifted to USM uNIVERSITY OF SOUTHERN MAINE 14 Central St Bangor ME 04401 016000769 307974 Vendor valuation and invoices Donor's gift for the purchase of rare books and maps. Osher Map Library Collection 1 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 3 236060 Stock Market Quote 0 1 0 Form 990, Part VI, Section A, line 3 Line 3 explanation - The Foundation pays a management fee to the University of Maine System for staff support. Management duties were provided and paid for by the University. Form 990, Part VI, Section B, line 11 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 University of Maine System 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: Change in value of beneficial interest -15,832. Bad debts on pledges receivable -38,937. USM Foundation Supporting Council 96 Falmouth Street Portland ME 04103 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