2016-07-08T08:57:34-05:00 2015-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2015-01-01 461398374 Olympia Snowe Women's Leadership Institute OLYM 2077756737 One Canal Plaza No 501 Portland ME 04101 Sharon Y Miller President/Chair 2077756737 2016-07-05 1 E Drew Cheney P00182972 2078792100 2016-07-05 2015 2016-09-27 15:27:22Z Sharon Y Miller One Canal Plaza No 501 Portland ME 04101 581242 0 X www.snoweleadershipinstitute.org X 2012 ME Leadership training for 10th-12th grade girls to encourage confidence and an ability to take on leadership roles. 7 7 2 185 0 0 1202500 554468 0 0 159 10484 0 -22087 1202659 542865 0 0 0 0 0 127231 0 60000 104397 24863 127749 24863 314980 1177796 227885 1118372 1344301 0 12066 1118372 1332235 The mission of the Olympia Snowe Women's Leadership Institute is to elevate the confidence and aspirations of high school girls by helping them build leadership, collaboration, and problem solving skills needed to become successful in their lives, careers, and communities. 0 0 136099 0 0 The Olympia Snowe Women's Leadership Institute runs programs providing guidance to high school girls in 10th, 11th, and 12th grades on the tools that they need to succeed. The programs focus on developing the students' values, voice, and vision and is intended to build their confidence, raise their aspirations, and enable them to become more successful in their lives and careers. The Institute launched a pilot program during 2015, and will continue to develop and run these programs in future years, along with providing support to educational programs at other organizations with compatible missions. 136099 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 12 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY CA X Lucas Caron 2077756737 One Canal Plaza No 501 Portland ME 04101 Karen H Raye Director 4.00 X 0 0 0 Ann R Robinson Director 4.00 X 0 0 0 Karen Stram Director 10.00 X 0 0 0 Olympia J Snowe Honorary Chair/Director 10.00 X X 0 0 0 Sharon Y Miller President/Chair 30.00 X X 0 0 0 Kimberly A R Gore Secretary 10.00 X X 0 0 0 Jean E Mattimore Treasurer 20.00 X X 0 0 0 Amanda Schumaker Executive Director 40.00 X 79615 0 1800 79615 0 1800 0 0 0 0 0 362238 192230 38731 554468 10478 10478 6 0 6 6 6 16290 362238 38377 -22087 -22087 542865 0 0 -11603 81415 40888 28225 12302 32928 16464 11525 4939 4278 2139 1497 642 8610 4305 3014 1291 1731 865 606 260 3875 3875 60000 60000 3603 3603 18493 18493 5000 2500 1750 750 21647 10824 7576 3247 20891 10445 7312 3134 14188 7094 4966 2128 3286 1972 1314 2716 2716 206 103 72 31 Beta Project Expenses 16630 16630 Payroll Processing Fees 1322 661 463 198 14161 14161 314980 136099 74484 104397 1118372 418547 12500 18552 894702 1118372 1344301 12066 0 12066 X 1312247 19988 1118372 1332235 1118372 1344301 227885 -14022 0 X X 0 1 X 1 0 X 0 15000 1202500 570758 1788258 15000 1202500 570758 1788258 1198044 590214 2 159 10478 10639 1798897 X Form 990, Schedule A, Part II, line 13: The Institute's 2012 tax year was a short year. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 80000 0 0 59010 3699 17291 0.00000 0.00000 1.00000 0 0 0 X 568870 -14022 1650 -12372 581242 -38377 -38377 542865 355007 1650 38377 40027 314980 0 314980 Part X, Line 2: The Institute is exempt from federal and state income tax under section 501(c)(3) of the Internal Revenue Code. The Institute qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation. Accordingly, no provision for income taxes has been recorded in the financial statements. The Institute did not have any unrelated business income for the year ended December 31, 2015. The Institute adopted the provisions of FASC 740 and subsections on September 10, 2012. Under FASC 740 and subsections, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not the position will be sustained. The adoption of FASC 740 and subsections had no material impact on the Institute's financial statements. The Institute's income tax filings are subject to audit by various taxing authorities. The Institute's open audit periods are fiscal years ended December 31, 2012 through December 31, 2015. Part XI, Line 4b - Other Adjustments: Direct fundraising expenses -38,377. Part XII, Line 2d - Other Adjustments: Direct fundraising expenses 38,377. Form 990, Schedule D, Part XI, line 4b: The Institute reports direct fundraising expenses as an expense item on its Audited Financial Statements. Direct fundraising expenses are treated as a deduction from gross revenue on the Form 990. Form 990, Schedule D, Part V, Line 4: For the year ended December 31, 2015, the Institute received a donation to be used for marketing costs for $25,000. This amount was recorded as prepaid marketing expense and recorded as an in-kind contribution. In accordance with the terms of the donation, marketing costs were expensed as incurred. X X X X X X 1 Carolyn J Schuster One Canal Plaza Portland ME 04101 Fundraising Events Consulting 0 207578 5436 202142 Liz Robbins Associates 60 East 42nd Street Suite 856 New York NY 10165 National Fundraising Consulting Services 0 25000 60000 -35000 232578 65436 167142 NY CA VA ME Annual Lunch 207578 191288 16290 1295 16320 438 15913 Founders Event 129950 129950 2826 648 1 41000 41000 937 378528 362238 16290 1295 19146 438 17498 38377 -22087 Schedule G, Part I, Line 2(iv) The Institute paid Carolyn J. Schuster $5,436 in connection with the consulting services provided for 2015 fundraising events. The majority the funds received due to the efforts of Liz Robbins Associates were received in 2016, subsequent to the period covered by this Form 990. X Prepaid marketing expenses 1 25000 X Other goods 2 5654 X PR & FR Supplies 3 4874 X Meals 1 410 0 0 0 Form 990, Part VI, Section B, line 11 The Form 990 is prepared by an outside independent accounting firm, then distributed to the full Board for review before filing with the IRS. Form 990, Part VI, Section B, line 12c The Olympia Snowe Women's Leadership Institute has a detailed conflict of interest policy that is regularly and consistently monitored through mandatory self disclosure and Board or committee determination of any potential conflicts of interest. Interested persons may not participate in any Board or committee proceedings that concern the potential conflict of interest. The Board or committee exercises due diligence in determining whether or not the potential transaction is in the best interests of the Olympia Snowe Women's Leadership Institute and whether, with reasonable efforts, a more advantageous arrangement may be transacted that does not give rise to a conflict of interest. Violations of the conflict of interest policy are disciplined appropriately by the Board, and all proceedings involving the conflict or potential conflict are recorded. Form 990, Part VI, Section B, line 15 The Institute maintains a payroll system approved by the Board of Directors. Form 990, Part VI, Section C, line 19 The Organization makes all public documents related to its governance, formation, and finances available to the public upon request. Form 990, Part XII, Line 2c: The finance committee is responsible for overseeing the audit of the financial statements and selecting an independent auditor. Upon completion, the audit is reviewed by the Finance Manager and Executive Director and submitted to the Board of Directors for review.