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Nonprofiteer
← UNIVERSITY OF SOUTHERN MAINE FOUNDATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF SOUTHERN MAINE FOUNDATION.

Totals

Total revenue
$14,278,860
Total expenses
$7,366,949
Contributions and grants received
$10,519,342
Grants paid
$4,522,355
Program services expenses (Part IX)
$5,161,692
Management and general expenses
$1,029,573
Fundraising expenses
$1,175,684
Program service expenses (Part III)
$5,161,692

Program services were 70.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Stephen deCastro

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Dean Murray '87

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Stephen Irish '81

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Todd Chamberlain

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Daniel Crewe '22H

    Director

    Total calculated
    $0
    Hours/week
    1

  • Justin Alfond

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Barden

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Blaschke

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kelly Brewer '11

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert H Dodge

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dajaun Eubanks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Timothy Griffin '05 '12G

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mo Ibourk '03 '05G

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel Kleban '04

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Marocco '81

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rebecca McKinnell '06

    Director

    Total calculated
    $0
    Hours/week
    1

  • Casey Prentice

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Ryan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lois Skillings '91G

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ian Slaymaker '07 PhD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ray Stevens PhD '86 14H

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Varrell '00

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Jacqueline Edmondson

    Executive Officio

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Swanson Conrad

    Affliliated Representative

    Total calculated
    $0
    Hours/week
    1

  • Jana Magnuson

    Volunteer Finance Committe

    Total calculated
    $0
    Hours/week
    1

  • Ainsley Newman Wallace

    President & CEO (Thru 9/30/24)

    Total calculated
    $202,500
    From this org
    $164,024
    From related orgs
    $0
    Other
    $38,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,024
    Bonus
    $0
    Other
    $0
    Deferred
    $14,600
    Nontaxable benefits
    $23,876
    Filer's total
    $202,500

  • Corey Hascall

    President & CEO

    Total calculated
    $183,644
    From this org
    $160,089
    From related orgs
    $0
    Other
    $23,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,089
    Bonus
    $0
    Other
    $0
    Deferred
    $12,161
    Nontaxable benefits
    $11,394
    Filer's total
    $183,644

  • Erin Macey

    Executive Director

    Total calculated
    $158,803
    From this org
    $120,904
    From related orgs
    $0
    Other
    $37,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,904
    Bonus
    $0
    Other
    $0
    Deferred
    $9,411
    Nontaxable benefits
    $28,488
    Filer's total
    $158,803

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 — 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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 President/CEO's compensation is determined by the board and included in their written employment contract.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 September 2025
IRS schema version
2024v5.2
Source object
202522809349301652

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