2011-01-11T12:17:09-06:00 2010-06-30 BAKER NEWMAN & NOYES PO BOX 507 PORTLAND ME 04112 990 2009-07-01 043350930 THE UNIVERSITY OF SOUTHERN MAINE FOUNDATION UNIV 2077804741 96 FALMOUTH STREET PORTLAND ME 041049300 MARGARET WESTON 2077804741 2010-12-15 2078792100 2009 2016-02-24 21:20:13Z MARGARET WESTON 96 FALMOUTH STREET PORTLAND ME 041049300 1689355 0 X www.usm.maine.edu/foundation X 1996 ME SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE 15 15 0 22 0 0 2624191 1510819 0 676469 178536 0 3300660 1689355 12307986 1073829 0 14318 0 57477 327301 163538 12635287 1251685 -9334627 437670 18060140 18241111 2450051 1191547 15610089 17049564 SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE 0 0 1096906 1073829 Raised funds to assist with capital improvements to facilities at the University of Southern Maine which support the arts, engineering and community. Raised funds to assist in supplying the newly constructed Osher Map Library, housed at the University of Southern Maine, with maps, books and artifacts. Continue to invest endowments prudently and responsibly in order to provide income for scholarships, professorships and staff development, all benefitting the University of Southern Maine. 1096906 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X KAREN PELLETIER 2077804741 96 FALMOUTH ST PORTLAND ME 041049300 X CHRISTOPHER ROBINSON 1.70 X X 0 0 0 JOHN M CHANDLER 1.40 X X 0 0 0 CHRISTOPHER W EMMONS 0.50 X 0 0 0 JAMES GEARY 0.50 X 0 0 0 AMANDA V RAND 0.50 X X 0 0 0 PHILIP K RYAN 0.20 X 0 0 0 TONY SHALHOUB 0.00 X 0 0 0 RICHARD J VAIL 1.10 X X 0 0 0 SELMA BOTMAN 0.30 X 0 0 0 KRISTEN HANSON 0.50 X 0 0 0 EDWARD MCKERSIE 0.70 X 0 0 0 JOYCE CASSIDY O'REILLY 0.10 X 0 0 0 JON S OXMAN 0.60 X 0 0 0 MARGARET WESTON 11.90 X X 0 0 0 ERIN HURLEY 0.10 X 0 0 0 0 0 0 0 0 0 1 0 1510819 372464 1510819 178536 178536 1689355 0 0 178536 1073829 1073829 14318 14318 81454 23977 57477 2989 2989 23419 23419 8425 8425 2333 2333 3052 3052 11594 11594 4375 4375 2820 2820 BAD DEBT EXPENSE 23077 23077 1251685 1096906 97302 57477 12280 49267 2136787 1987654 3305664 2231336 247896 3859 23637 8293 16701 15344 11428784 13139767 912028 813884 18060140 18241111 15552 61662 80000 2354499 1129885 2450051 1191547 X -2004406 -509567 4075597 3487847 13538898 14071284 15610089 17049564 18060140 18241111 X 0 1 1 X 0 X 5577555 4389144 3572944 2624191 1510819 17674653 5577555 4389144 3572944 2624191 1510819 17674653 5531025 12143628 335187 704333 888851 676469 178536 2783376 20458029 0.59360 0.62020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 8425 8425 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: To help fund expenses in support of State of Maine bond referendum for energy efficient upgrades for the University of Southern Maine. 12326645 532386 1166691 176526 13849196 12295010 2151309 -1540240 579434 12326645 1.00000 1 0 23637 8293 15344 15344 BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST 68537 F NET INVESTMENT IN DIRECT FINANCING LEASE 745347 F 813884 DUE TO UNIVERSITY OF SOUTHERN MAINE 1129885 1129885 1689355 1251685 437670 1001805 1001805 1439475 2867489 1001805 176329 1178134 1689355 0 1689355 1428014 176329 176329 1251685 0 1251685 Part V, Line 4: Description of Intended Use of Endowment Funds: THE ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OPERATIONS. 1 UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 498085 DONOR FUNDS RELEASED TO FUND CAPITAL PROJECTS & ENDOWMENTS UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 176526 ENDOWMENT INCOME GIFTED UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 305668 VENDOR INVOICES DONOR'S PURCHASE & GIFT OF RARE BOOKS & MAPS OSHER MAP LIBRARY COLLECTION UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 73550 CHANGE IN DISCOUNT ACTIVITY DUE TO PAYMENTS FOR UNIVERSITY COMMONS CONSTRUCTION COSTS UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 20000 USMF UNRESTRICTED FUNDS GRANTED TO USM FOR PRESIDENTIAL SCHOLARSHIPS 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: FOR TEMPORARILY RESTRICTED FUNDS - AN INVOICING SYSTEM IS USED IN ACCORDANCE WITH AN OPERATING AGREEMENT ESTABLISHED WITH UNIVERSITY OF MAINE SYSTEM, AND CONSISTENT WITH THE DONOR'S GIFT INTENTIONS. FOR ENDOWMENT INCOME GIFTED - THE FUNDS ARE REMITTED TO UNIVERSITY OF MAINE SYSTEM TO BE USED IN ACCORDANCE WITH DONOR AGREEMENTS. 0 0 0 0 0 0 0 0 0 Supplemental Information Part III PART VII, QUESTION 5: The Organization's President/CEO's compensation is partially funded by the University of Maine System, an unrelated organization, for her services to the University of Southern Maine Foundation. The amounts are: Margaret Weston: amount paid by UMS $78,356 less: portion reimbursed by USMF (14,318) -------- $62,038 X 1 372464 MEAN STOCK VALUE 0 0 1 0 Form 990, Part VI, Section A, line 4 THE BY-LAWS AND ARTICLES OF INCORPORATION WERE REVISED TO CHANGE THE MAXIMUM NUMBER OF DIRECTORS FROM 15 TO 21. Form 990, Part VI, Section B, line 11 THE RETURN IS PREPARED BY OUR OUTSIDE AUDITORS IN CONJUNCTION 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 RETURN IS REVIEWED BY THE FOUNDATION'S FINANCE DIRECTOR AND FILED WITH THE FOUNDATION PRESIDENT'S SIGNATURE. 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 Margaret Weston, 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 2C: THE FINANCE AND AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE AUDIT. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SELECTING AN INDEPENDENT AUDITOR.