UNIVERSITY OF SOUTHERN MAINE FOUNDATION: Form 990, tax year 2013
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- Organization
- UNIVERSITY OF SOUTHERN MAINE FOUNDATION (EIN 04-3350930)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2014-11-13
- IRS object ID
- 201433179349303063
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-13T11:58:46-06:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 010242373 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MACPAGE LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 LONG CREEK DRIVE | AddressLine1 |
| City | SOUTH PORTLAND | City |
| State | ME | State |
| ZIP Code | 04106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043350930 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTHERN MAINE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 2077804741 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 FALMOUTH STREET | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 041049300 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CECILE AITCHISON | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2077804741 | PhoneNum |
| Signature | 2014-10-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICK NICHOLAS | PreparerPersonNm |
| PTIN | P00289567 | PTIN |
| Phone | 2077745701 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CECILE AITCHISON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 FALMOUTH STREET | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 041049300 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,290,400 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.USM.MAINE.EDU/FOUNDATION | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 23 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,533,426 | PYContributionsGrantsAmt |
| CY Contributions Grants | $953,194 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $278,362 | PYInvestmentIncomeAmt |
| CY Investment Income | $337,206 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,811,788 | PYTotalRevenueAmt |
| CY Total Revenue | $1,290,400 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,961,263 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,161,002 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $54,899 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $224,418 | PYOtherExpensesAmt |
| CY Other Expenses | $260,460 | CYOtherExpensesAmt |
| PY Total Expenses | $2,185,681 | PYTotalExpensesAmt |
| CY Total Expenses | $1,421,462 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$373,893 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$131,062 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $19,762,216 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,028,021 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $279,750 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $183,811 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $19,482,466 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $21,844,210 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,161,002 | ExpenseAmt |
| Grant | $1,161,002 | GrantAmt |
| Desc | RAISED SCHOLARSHIP FUNDS FOR STUDENTS STUDYING SCIENCE, TECHNOLOGY, ENGINEERING, HEALTH, EDUCATION, MUSIC, NURSING, AND FOR STUDENTS STUDYING AT THE LEWISTON-AUBURN CAMPUS. RAISED FUNDS IN SUPPORT OF USM FACILITIES, SPECIFICALLY FOR SOLAR ENERGY ON THE PORTLAND CAMPUS AND IMPROVEMENTS TO THE ATHLETIC FIELD ON THE GORHAM CAMPUS. 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. | Desc |
| Total Program Service Expenses | $1,161,002 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAREN PELLETIER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2077804741 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 FALMOUTH ST | AddressLine1 |
| City | PORTLAND | City |
| State | ME | State |
| ZIP Code | 04104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| RICHARD J VAIL | ||||||
| CHAIR | 0.70 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES GEARY | ||||||
| TREASURER | 0.40 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JON S OXMAN | ||||||
| SECRETARY | 0.30 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEPHEN ANDERSON | ||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |
| DANIEL CREWE | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| ROBERT BLACKWOOD | ||||||
| DIRECTOR | 0.30 | Yes (X) | $0 | $0 | $0 | |
| CYRUS HAGGE | ||||||
| DIRECTOR | 0.10 | Yes (X) | $0 | $0 | $0 | |
| ERIN HURLEY | ||||||
| DIRECTOR | 0.10 | Yes (X) | $0 | $0 | $0 | |
| EDWARD MCKERSIE | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| JOYCE CASSIDY | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| TONY SHALHOUB | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| THEODORA KALIKOW | ||||||
| EX-OFFICIO | 0.10 | Yes (X) | $0 | $0 | $0 | |
| CECILE AITCHISON | ||||||
| PRESIDENT & CEO | 12.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $953,194 | AllOtherContributionsAmt |
| Noncash Contributions | $610,773 | NoncashContributionsAmt |
| Total Contributions | $953,194 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $337,206 | TotalRevenueColumnAmt |
| Exclusion | $337,206 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,290,400 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $337,206 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,161,002 | TotalAmt |
| Program Services | $1,161,002 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,244 | TotalAmt |
| Management And General | $126,345 | ManagementAndGeneralAmt |
| Fundraising | $54,899 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $940 | TotalAmt |
| Management And General | $940 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,050 | TotalAmt |
| Management And General | $14,050 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,025 | TotalAmt |
| Management And General | $27,025 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,859 | TotalAmt |
| Management And General | $6,859 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,579 | TotalAmt |
| Management And General | $1,579 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $854 | TotalAmt |
| Management And General | $854 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,605 | TotalAmt |
| Management And General | $3,605 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BAD DEBTS | Desc |
| Total | $24,304 | TotalAmt |
| Management And General | $24,304 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,421,462 | TotalAmt |
| Program Services | $1,161,002 | ProgramServicesAmt |
| Management And General | $205,561 | ManagementAndGeneralAmt |
| Fundraising | $54,899 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,403 | BOYAmt |
| EOY | $1,488,373 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,290,235 | BOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $772,739 | BOYAmt |
| EOY | $482,569 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $23,862 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $23,452 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,263 | BOYAmt |
| EOY | $410 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,522,093 | BOYAmt |
| EOY | $20,000,941 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,483 | BOYAmt |
| EOY | $55,728 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,762,216 | BOYAmt |
| EOY | $22,028,021 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,939 | BOYAmt |
| EOY | $40,409 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $239,811 | BOYAmt |
| EOY | $143,402 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $279,750 | BOYAmt |
| EOY | $183,811 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $582,847 | BOYAmt |
| EOY | $606,911 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,459,123 | BOYAmt |
| EOY | $6,347,130 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,440,496 | BOYAmt |
| EOY | $14,890,169 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,482,466 | BOYAmt |
| EOY | $21,844,210 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,762,216 | BOYAmt |
| EOY | $22,028,021 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$131,062 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $2,411,639 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $81,167 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,510,819 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,176,993 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $576,077 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,533,426 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $953,194 | CurrentTaxYearAmt |
| Total | $5,750,509 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,510,819 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,176,993 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $576,077 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,533,426 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $953,194 | CurrentTaxYearAmt |
| Total | $5,750,509 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,434,930 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,315,579 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $178,536 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $461,658 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $267,400 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $278,510 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $337,206 | CurrentTaxYearAmt |
| Total | $1,523,310 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $7,273,819 | TotalSupportAmt |
| Public Support CY170 | 0.45580 | PublicSupportCY170Pct |
| Public Support PY170 | 0.38180 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | Yes (1) | GrantsOtherOrganizationsInd |
| Grants Other Organizations | $27,025 | GrantsOtherOrganizationsAmt |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $27,025 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | EXPENDED UNRESTRICTED FUNDS IN SUPPORT OF A STATE BOND INITIATIVE TO UPDATE AND IMPROVE EXISTING LABORATORY AND CLASSROOM FACILITIES AT THE UNIVERSITY OF MAINE SYSTEM. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,992,446 | BeginningYearBalanceAmt |
| Contributions | $512,644 | ContributionsAmt |
| Investment Earnings Or Losses | $2,746,812 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $663,705 | OtherExpendituresAmt |
| End Year Balance | $19,588,197 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,660,851 | BeginningYearBalanceAmt |
| Contributions | $161,985 | ContributionsAmt |
| Investment Earnings Or Losses | $1,891,005 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $721,395 | OtherExpendituresAmt |
| End Year Balance | $16,992,446 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,066,330 | BeginningYearBalanceAmt |
| Contributions | $529,080 | ContributionsAmt |
| Investment Earnings Or Losses | -$323,276 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $611,283 | OtherExpendituresAmt |
| End Year Balance | $15,660,851 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,139,767 | BeginningYearBalanceAmt |
| Contributions | $583,024 | ContributionsAmt |
| Investment Earnings Or Losses | $2,781,805 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $438,266 | OtherExpendituresAmt |
| End Year Balance | $16,066,330 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,428,784 | BeginningYearBalanceAmt |
| Contributions | $720,818 | ContributionsAmt |
| Investment Earnings Or Losses | $1,166,691 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $176,526 | OtherExpendituresAmt |
| End Year Balance | $13,139,767 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.76000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.24000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,862 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,452 | DepreciationAmt |
| Book Value | $410 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $410 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BENEFICIAL INTEREST IN CHAR REM TRUST | $104,471 | F |
| NET INVESTMENT IN DIRECT FINANCING LEASE | $308,273 | F |
| UMAINE SYSTEM INVESTMENT POOL | $19,588,197 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $20,000,941 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO UNIVERSITY OF SOUTHERN MAINE | Desc |
| Amt | $143,402 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $143,402 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,064,183 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $2,411,638 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $280,978 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $81,167 | OtherRevenueAmt |
| Revenue Not Reported | $2,773,783 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,290,400 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,290,400 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,702,439 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $280,978 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $280,978 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,421,461 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,421,462 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 FOR YEARS BEFORE 2010. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF BENEFICIAL INTEREST 81,167. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ROUNDING 1. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF SOUTHERN MAINE | |||||||||
| 14 CENTRAL ST | BANGOR | ME | 04401 | 016000769 | $315,025 | USM PROGRAMS & CAPITAL PROJECTS | |||
| UNIVERSITY OF SOUTHERN MAINE | |||||||||
| 14 CENTRAL ST | BANGOR | ME | 04401 | 016000769 | $639,499 | ENDOWMENT INCOME GIFTED TO USM | |||
| UNIVERSITY OF SOUTHERN MAINE | |||||||||
| 14 CENTRAL ST | BANGOR | ME | 04401 | 016000769 | OSHER MAP LIBRARY COLLECTION | $199,063 | VENDOR VALUATION AND INVOICES | DONOR'S GIFT FOR THE PURCHASE OF RARE BOOKS AND MAPS | |
| UNIVERSITY OF SOUTHERN MAINE | |||||||||
| 14 CENTRAL ST | BANGOR | ME | 04401 | 016000769 | $7,415 | CHANGE IN DISCOUNT - CONSTRUCTION | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 9 | ContributionCnt |
| Noncash Contributions Rpt F990 | $610,773 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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'S ACCOUNTANT. 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 DIRECTOR 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/CEO. |
| 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 81,167. |
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