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Nonprofiteer
← SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$2,066,673
Total expenses
$530,500
Contributions and grants received
$1,966,440
Grants paid
$493,004
Program service revenue
$0
Investment income
$100,870
Other revenue
-$637
Total assets, end of year
$5,392,209
Total liabilities, end of year
$58,341
Net assets or fund balances, end of year
$5,333,868
Program services expenses (Part IX)
$493,004
Management and general expenses
$37,496
Fundraising expenses
$0
Program service expenses (Part III)
$493,004

Program services were 92.9% 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.

  • 1c · Fundraising events

    $24,750

  • 1f · All other contributions, gifts and grants

    $1,941,690

  • 1g · Noncash contributions included above

    $1,065,238

  • 3 · Investment income

    total $101,400 · excluded $101,400

  • 7a · Gross sales of assets other than inventory

    securities $467,163

  • 7b · Less cost or other basis and sales expenses

    securities $467,693

  • 7c · Gain or loss

    securities -$530

  • 7d · Net gain or loss

    total -$530 · excluded -$530

  • 8a · Fundraising events: gross income

    $15,500

  • 8a · Fundraising events: contributions included on line 1c

    $24,750

  • 8b · Fundraising events: direct expenses

    $16,137

  • 8c · Net income from fundraising events

    total -$637 · excluded -$637

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $493,004 · program services $493,004

  • 11f · Fees: investment management

    total $10,216 · management and general $10,216

  • 11g · Fees: other

    total $10,370 · management and general $10,370

  • 13 · Office expenses

    total $15,915 · management and general $15,915

  • 23 · Insurance

    total $995 · management and general $995

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,210,333 · end of year $1,303,597

  • 3 · Pledges and grants receivable

    beginning of year $505,000 · end of year $799,411

  • 11 · Investments: publicly traded securities

    beginning of year $2,052,717 · end of year $3,289,201

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,290 · end of year $58,341

  • 27 · Net assets without donor restrictions

    beginning of year $279,656 · end of year $402,058

  • 28 · Net assets with donor restrictions

    beginning of year $3,401,104 · end of year $4,931,810

Mission and programs · 2022

Mission

THE SMCC FOUNDATION'S PURPOSES ARE TO PROMOTE, ENCOURAGE AND SUPPORT, FINANCIAL AND OTHERWISE, ALL EDUCATIONAL ACTIVITIES AT SMCC.

  • PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS AT SOUTHERN MAINE COMMUNITY COLLEGE AND OTHER GRANTS TO THE COLLEGE.

    Expenses $493,004 · Grants $493,004

As filed on the 2022 return.

Listed in Part VII

  • MARK DUVAL

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JANE EBERLE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JUDITH BORELLI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL VAILLANCOURT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JULIE CHASE

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • JOSEPH CASSIDY

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • JOHN BOYNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN COYNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ED GILMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIE HERDAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN MADDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH RENY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW RICHARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NORMA WILLIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • SMCC

    $343,284

    SCHOLARSHIPS

  • SMCC

    $149,720

    SMCC PROGRAMS & CAPITAL GRANTS

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202332999349300543

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