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← EDWARD H DAVEIS BENEVOLENT FUND

Form 990 for tax year 2024

Filed by EDWARD H DAVEIS BENEVOLENT FUND.

Totals

Total revenue
$300,667
Total expenses
$158,169
Contributions and grants received
$0
Grants paid
$101,487
Program service revenue
$0
Investment income
$0
Other revenue
$300,667
Total assets, end of year
$2,531,560
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,531,560
Program services expenses (Part IX)
$101,879
Management and general expenses
$56,290
Fundraising expenses
$0
Program service expenses (Part III)
$101,879

Program services were 64.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 11a · Other revenue: Share-MCF Cap. Gains

    total $281,634 · excluded $281,634

  • 11b · Other revenue: Share-MCF Invest. Inc.

    total $19,033 · excluded $19,033

  • 11e · Other revenue, total

    $300,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,487 · program services $101,487

  • 11a · Fees: management

    total $35,327 · management and general $35,327

  • 24a · Other expenses: Share-MCF Invest. Fees

    total $20,963 · management and general $20,963

  • 24b · Other expenses: Share-MCF Program Exp.

    total $392 · program services $392

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $2,397,058 · end of year $2,531,560

  • 27 · Net assets without donor restrictions

    beginning of year $2,397,058 · end of year $2,531,560

Mission and programs · 2024

Mission

Support the Maine Community Foundation (MCF) and its charitable and educational purposes.

  • The Edward H. Daveis Benevolent Fund benefits nonprofit organizations serving the greater Portland area. The Fund currently focuses 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. Collaboration between and among organizations is encouraged. Requests for discrete projects are preferred over those for general operations.

    Expenses $101,879 · Grants $101,487

As filed on the 2024 return.

Listed in Part VII

  • Erik C Jorgensen

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Nicole Witherbee

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Katharine Fullam Harris

    Chair/Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Deborah Ellwood

    MCF President & CEO

    Total calculated
    $366,339
    From this org
    $0
    From related orgs
    $333,904
    Other
    $32,435
    Hours/week
    0.1 + 50.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,049 related
    Bonus
    $0
    Other
    $0 + $3,855 related
    Deferred
    $0 + $28,374 related
    Nontaxable benefits
    $0 + $4,061 related
    Filer's total
    $0 + $366,339 related

  • Michele Camarco

    Treasurer/MCF CFO (end 10/2024)

    Total calculated
    $214,422
    From this org
    $0
    From related orgs
    $188,011
    Other
    $26,411
    Hours/week
    0.1 + 50.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,141 related
    Bonus
    $0
    Other
    $0 + $1,870 related
    Deferred
    $0 + $14,902 related
    Nontaxable benefits
    $0 + $11,509 related
    Filer's total
    $0 + $214,422 related

  • Brendon Reay

    Treasurer/MCF CFO (start 12/2024)

    Total calculated
    $249,679
    From this org
    $0
    From related orgs
    $232,603
    Other
    $17,076
    Hours/week
    0.1 + 50.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,077 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $2,526 related
    Deferred
    $0 + $13,500 related
    Nontaxable benefits
    $0 + $3,576 related
    Filer's total
    $0 + $249,679 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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, and the MCF President & CEO has been named as the Organization's Principal Officer. MCF uses a compensation committee, an independent compensation consultant, the Form 990 of other organizations, compensation surveys or studies, and approval by the board or a compensation committee to assist in establishing the compensation for this position.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Andrew Marshall Charitable Remainder Unitrust

    T · Charitable Remainder Trust · ME

  • David K Silverman Charitable Remainder Unitrust

    T · Charitable Remainder Trust · ME

  • Mary S Marshal Charitable Remainder Unitrust

    T · Charitable Remainder Trust · ME

  • Rachel Samsel Charitable Remainder Unitrust

    T · Charitable Remainder Trust · ME

  • Roger A Fessaguet 2013 Charitable Remainder Trust No 1

    T · Charitable Remainder Trust · ME

  • Roger A Fessaguet 2013 Charitable Remainder Trust No 2

    T · Charitable Remainder Trust · ME

  • Sedgwick Charitable Remainder Trust

    T · Charitable Remainder Trust · ME

  • Stanley N Marshall III Charitable Remainder Unitrust

    T · Charitable Remainder Trust · ME

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543149349305374

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