2014-11-13T09:57:16-06:00 2013-12-31 010494526 Baker Newman & Noyes Box 507 Portland ME 04112 990 2013-01-01 010473137 Edward H Daveis Benevolent Fund EDWA 2076679735 245 Main Street Ellsworth ME 04605 Frederic L Thompson Board Chair 2076679735 2014-11-12 1 Nicholas E Porto P01310283 2078792100 2013 2015-11-30 17:44:51Z Frederic L Thompson 245 Main Street Ellsworth ME 04605 89078 0 X www.MaineCF.org X 1946 ME Support the Maine Community Foundation (MCF) and its charitable and educational purposes. 3 3 0 0 0 0 0 0 0 0 0 0 54576 89078 54576 89078 70415 69900 0 0 2000 1000 0 0 0 33474 36175 105889 107075 -51313 -17997 1909983 2099484 0 0 1909983 2099484 Support the Maine Community Foundation (MCF) and its charitable and educational purposes. 0 0 84883 69900 0 The Edward H. Daveis Benevolent Fund benefits nonprofit organizations serving the greater Portland area. From 2012-2015, the directors of the fund are focusing 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. 84883 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 1 0 1 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 X 0 0 0 Erik C Jorgenson Trustee 0.10 X 0 0 0 Frederic L Thompson Chair/Trustee 0.10 X X 1000 0 0 James E Geary Assistant Treasurer 0.10 50.00 X 0 132862 36850 1000 132862 36850 0 0 1 0 0 Share-MCF Cap. Gains 523000 69519 69519 Share-MCF Invest. Inc. 523000 19559 19559 89078 89078 0 0 89078 69900 69900 1000 1000 27966 13983 13983 Share-MCF Investment Fe 7704 7704 Special Program Expense 505 505 107075 84883 22192 0 1909983 2099484 1909983 2099484 0 0 X 1909983 2099484 1909983 2099484 1909983 2099484 -17997 207498 0 X X 0 1 X 1 0 X X X 0 0 0 Maine Community Foundation 010391479 8 1 27966 1 27966 1909983 0 296576 69900 1505 35670 2099484 1781037 227916 70415 2145 26410 1909983 1892710 -8392 74464 2141 26676 1781037 1754615 211501 47945 111 25350 1892710 1547365 30 356621 124620 1812 22969 1754615 1.00000 0.00000 0.00000 0 1 1 0 Allocable share of MCF (supported organization) investment portfolio 2099484 F 2099484 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: 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 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. With few exceptions, the Foundation is no longer subject to income tax examinations by the U.S. Federal or State tax authorities for years before 2010. 1 Family Crisis Services PO Box 704 Portland ME 04104 010352636 501(c)(3) 7500 Young Adult Abuse Prevention and Coaching Girls Into Women Programs Hardy Girls Healthy Women 177 Main Street PO Box 821 Waterville ME 049030821 010538121 501(c)(3) 5000 2nd Annual "Girls Unlimited!" Conference Learning Works 181 Brackett Street Portland ME 04102 010353682 501(c)(3) 5000 Riverton Family Literacy Initiative The Opportunity Alliance 50 Monument Square Portland ME 04101 010316041 501(c)(3) 5000 Night-Light After School Program at the Parkside Neighborhood Center Portland Housing Services Corporation 14 Baxter Boulevard Portland ME 04101 271424622 501(c)(3) 5500 CHEETA (Community Hope through Education, Empowerment, Training and Action) Project Portland Maine Symphony Orchestra PO Box 3573 Portland ME 041043573 016006058 501(c)(3) 7500 Partnership with Portland Public Schools to develop and implement "Read, Listen, Create, Play" RSU 14 228 Windham Center Road Windham ME 04062 300542352 Municipal 5500 Bolster family engagement at the REAL School United Way Inc PO Box 15200 Portland ME 041125200 010241767 501(c)(3) 10000 Early Childhood Education and Development Programming Westbrook Youth Center 755 Main Street Westbrook ME 04092 010509578 501(c)(3) 7500 Youth Leadership Academy 9 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 Assistant Treasurer 0 132862 0 0 0 0 0 22282 0 14568 0 169712 0 0 Schedule J, 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 several of the options listed in Part I, Line 3 to assist in establishing the compensation for this position. Form 990, Part VI, Section B, line 11 A copy of Form 990 is sent electronically to all board members for review and comment. Once the allotted period of time has passed for board 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 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 11a, 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 11a, I Maine Community Foundation 0 Muir Limited Liability Company c/o MCF 245 Main Street Ellsworth ME 04605 272173163 Artwork investment and sales ME N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0