2012-11-14T06:32:26-08:00 2012-06-30 Macdonald Page & Co LLC 30 Long Creek Dr South Portland ME 04106 990 2011-07-01 043350930 University of Southern Maine Foundation UNIV 2077804741 96 FALMOUTH STREET PORTLAND ME 04104 John M Chandler 2012-11-14 true Patrick Nicholas 2077745701 2011 2016-02-24 21:20:13Z John M Chandler 96 Falmouth St Portland ME 04014 843476 false false X www.usm.maine.edu/foundation X 1996 ME SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE. 14 14 0 23 0 1176993 576076 0 461658 267400 0 1638651 843476 1256665 1226386 0 0 53000 66750 169257 312163 1425922 1591549 212729 -748073 20151852 18617910 546019 390908 19605833 18227002 SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE. false false 1286405 1226386 Raised funds to assist with capital improvements to the Athletic Fields located on the Gorham Campus. Raised funds for scholarships in support of the Engineering, Education, and the Science Technology & Health Programs. Created eight new endowments in the area of School of Nursing, School of Education & Human Development and the College of Science Technology & Health. Received donations to assist in supplying the Osher Map Library, housed at the University of Southern Maine, with maps, books and artifacts. Continued to invest endowments prudently and responsibly in order to provide income for scholarships, professorships, staff development and operations all benefiting the University of Southern Maine. 1286405 true true false false false false false false false true true true false false true true true false false false false false false true false false false true false false false false false false false false false false false false false true false false false false false false false false false true 3 0 true 0 false false false false false false false false false false false false 0 false false false false false false false false false false false X 14 14 false true false false false false false true true false false false true true true true false false true false false false X KAREN PELLETIER 2077804741 96 FALMOUTH ST PORTLAND ME 04104 X Selma Botman 0.20 0 0 0 Tony Shalhoub 0.00 X 0 0 0 Joyce Cassidy 0.20 X 0 0 0 Edward McKersie 0.60 X 0 0 0 Erin Hurley 0.20 X 0 0 0 Cyrus Hagge 0.30 X 0 0 0 Christopher W Emmons 0.20 X 0 0 0 Michael E Dubyak 0.10 X 0 0 0 Daniel Crewe 0.40 X 0 0 0 Stephen Anderson 0.10 X 0 0 0 Jon S Oxman 0.50 X X 0 0 0 James Geary 0.60 X X 0 0 0 Richard J Vail 0.90 X X 0 0 0 John M Chandler 1.90 X X 0 0 0 MARGARET WESTON 15.00 X 0 0 0 0 false false false CCS LLC 461 FIFTH AVE 3RD FLOOR NEW YORK NY 10017 Consulting 131500 1 576076 222482 576076 0 267400 267400 0 0 0 0 0 0 0 0 843476 267400 1226386 1226386 0 0 0 0 0 0 0 0 0 115120 101370 13750 3454 3454 27453 27453 0 53000 53000 662 662 80525 80525 7663 7663 9567 9567 0 0 0 0 0 0 0 0 4772 4772 2928 2928 Bad debts 60019 60019 0 1591549 1286405 238394 66750 99939 230618 1668192 1319948 1195128 784583 0 0 0 0 0 0 23862 17826 10808 6036 0 17172897 16257039 0 0 4888 19686 20151852 18617910 6714 42775 539305 348133 546019 390908 X 677277 425413 4720162 3505658 14208394 14295931 19605833 18227002 20151852 18617910 X -748073 -630758 X false true true X false false X 3572944 2624191 1510819 1176993 576077 9461024 0 0 3572944 2624191 1510819 1176993 576077 9461024 4390122 5070902 888851 676469 178536 461658 267400 2472914 0 0 11933938 0.42490 0.48780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16329845 407946 -345371 589189 15803231 13849196 137110 2781805 438266 16329845 12326645 532386 1166691 176526 13849196 0.98000 0.02000 true false false 23862 17826 6036 6036 16257039 DUE TO UNIVERSITY OF SOUTHERN MAINE 348133 348133 843476 1591549 -748073 -590313 -40445 -630758 -1378831 551277 -590313 338559 -40445 -292199 843476 843476 1930108 338559 338559 1591549 1591549 Part X Part X : FIN48 Footnote 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 2008. Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances change in value of beneficial interest $ -40445 Part V, Line 4 Part V, Line 4: Intended uses of the endowment fund. ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OPERATIONS. true CCS LLC 461 FIFTH AVE NEW YORK NY 10017 Consulting false 53000 53000 true UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 589189 0 ENDOWMENT INCOME GIFTED TO USM UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 34252 0 CHANGE IN DISCOUNT - CONSTRUCTION UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 323241 0 USM PROGRAMS & CAPITAL PROJECTS UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 0 279704 Vendor valuation and invoices DONOR'S GIFT - RARE BOOKS & MAPS OSHER MAP LIBRARY COLLECTION 1 0 Grantmaker's Description of How Grants are Used 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 2 222482 STOCK VALUE false true false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE FOUNDATION DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process 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. ONCE APPROVED THE FINAL RETURN IS FILED WITH THE FOUNDATION CHAIR SIGNATURE. Form 990, Part VI, Line 3 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company THE FOUNDATION PAYS A MANAGEMENT FEE TO THE UNIVERSITY OF MAINE SYSTEM FOR STAFF SUPPORT. STAFF SUPPORT INCLUDES THE CEO, AN OFFICER OF THE FOUNDATION.