Form 990 for tax year 2025
Filed by SENATOR GEORGE J MITCHELL SCHOLARSHIP RESEARCH INSTITUTE.
Totals
- Total revenue
- $7,456,713
- Total expenses
- $3,756,671
- Contributions and grants received
- $4,137,204
- Grants paid
- $2,110,824
- Program service revenue
- $0
- Investment income
- $3,362,198
- Other revenue
- -$42,689
- Total assets, end of year
- $60,238,433
- Total liabilities, end of year
- $5,181,690
- Net assets or fund balances, end of year
- $55,056,743
- Program services expenses (Part IX)
- $3,242,968
- Management and general expenses
- $316,034
- Fundraising expenses
- $197,669
- Program service expenses (Part III)
- $3,242,968
Program services were 86.3% 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
$345,316
-
1f · All other contributions, gifts and grants
$3,791,888
-
1g · Noncash contributions included above
$488,991
-
3 · Investment income
total $1,446,268 · excluded $1,446,268
-
7a · Gross sales of assets other than inventory
securities $19,435,360
-
7b · Less cost or other basis and sales expenses
securities $17,519,430
-
7c · Gain or loss
securities $1,915,930
-
7d · Net gain or loss
total $1,915,930 · excluded $1,915,930
-
8a · Fundraising events: gross income
$51,300
-
8a · Fundraising events: contributions included on line 1c
$345,316
-
8b · Fundraising events: direct expenses
$133,839
-
8c · Net income from fundraising events
total -$82,539 · excluded -$82,539
-
9a · Gaming: gross income
$49,000
-
9b · Gaming: direct expenses
$9,150
-
9c · Net income from gaming
total $39,850 · excluded $39,850
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,136 · program services $2,136
-
2 · Grants to domestic individuals
total $2,108,688 · program services $2,108,688
-
5 · Compensation of officers, directors and key employees
total $189,924 · program services $119,652 · management and general $18,993 · fundraising $51,279
-
7 · Other salaries and wages
total $665,236 · program services $557,266 · management and general $42,616 · fundraising $65,354
-
8 · Pension plan contributions
total $29,445 · program services $26,749 · management and general $1,066 · fundraising $1,630
-
9 · Other employee benefits
total $56,484 · program services $51,311 · management and general $2,045 · fundraising $3,128
-
10 · Payroll taxes
total $61,734 · program services $53,292 · management and general $5,194 · fundraising $3,248
-
11c · Fees: accounting
total $25,690 · management and general $25,690
-
11f · Fees: investment management
total $186,761 · management and general $186,761
-
11g · Fees: other
total $39,295 · program services $33,921 · management and general $3,304 · fundraising $2,070
-
12 · Advertising and promotion
total $30,302 · program services $26,159 · management and general $2,549 · fundraising $1,594
-
13 · Office expenses
total $85,023 · program services $26,594 · management and general $4,743 · fundraising $53,686
-
14 · Information technology
total $55,365 · program services $47,794 · management and general $4,658 · fundraising $2,913
-
16 · Occupancy
total $91,605 · program services $79,079 · management and general $7,706 · fundraising $4,820
-
17 · Travel
total $6,524 · program services $5,632 · management and general $549 · fundraising $343
-
19 · Conferences, conventions and meetings
total $94,384 · program services $81,478 · management and general $7,940 · fundraising $4,966
-
22 · Depreciation, depletion and amortization
total $13,320 · program services $10,479 · management and general $979 · fundraising $1,862
-
23 · Insurance
total $14,755 · program services $12,738 · management and general $1,241 · fundraising $776
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100 · end of year $100
-
2 · Savings and temporary cash investments
beginning of year $4,434,830 · end of year $4,678,635
-
3 · Pledges and grants receivable
beginning of year $543,847 · end of year $1,712,932
-
4 · Accounts receivable
beginning of year $27,000 · end of year $13,595
-
9 · Prepaid expenses and deferred charges
beginning of year $35,916 · end of year $46,000
-
10a · Land, buildings and equipment: cost or other basis
$131,961
-
10b · Land, buildings and equipment: accumulated depreciation
$90,892
-
10c · Land, buildings and equipment, net
beginning of year $45,189 · end of year $41,069
-
11 · Investments: publicly traded securities
beginning of year $47,818,030 · end of year $39,554,246
-
12 · Investments: other securities
end of year $13,938,340
-
14 · Intangible assets
beginning of year $302,423 · end of year $253,516
-
17 · Accounts payable and accrued expenses
beginning of year $69,459 · end of year $68,720
-
18 · Grants payable
beginning of year $4,339,568 · end of year $4,757,010
-
19 · Deferred revenue
beginning of year $272,922 · end of year $102,444
-
25 · Other liabilities
beginning of year $302,423 · end of year $253,516
-
27 · Net assets without donor restrictions
beginning of year -$339,631 · end of year -$405,736
-
28 · Net assets with donor restrictions
beginning of year $48,562,594 · end of year $55,462,479
Mission and programs · 2025
Mission
The principal purpose of the Mitchell Institute is to provide scholarships and other support to Maine students pursuing higher education. Because of our organization's desire to understand and remove obstacles to achieving a college degree, a related purpose is to engage in research on these issues.
Activities or mission (Part I)
To provide scholarships and other support to Maine students pursuing higher education.
-
The Senator George J Mitchell Scholarship Research Institute is dedicated to advancing the Senator's mission to increase the likelihood that young people from every community in Maine will aspire to, pursue, and achieve a college education. The Institute works with young people statewide who face uphill battles on their way to college and levels the playing field for them by providing financial resources and a broad range of support. Each year, the Institute awards a scholarship to at least one graduating senior from every public high school in Maine. The Mitchell Institute awarded 200 scholarships in 2025. In addition to the scholarship, the Institute provides support including personal and professional development programming, opportunities for additional funding for internships and study abroad, and access to a network that provides lasting relationships and career advice. The Institute believes every Maine student deserves an opportunity to succeed, and that success positively impacts the Scholar and all Maine communities. The Institute's research documents the college and career experiences of its Scholars, provides evidence of Scholars' success, and evaluates its programs and events to ensure that Mitchell Scholars and Alumni receive effective support.
Expenses $3,242,968 · Grants $2,110,824
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christina Consigli
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anthony DiSotto
Director
- Total calculated
- $0
- Hours/week
- 1
-
Malinda Gagnon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Hancock
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Harris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nathan Kinney
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christina Lemieux
Director
- Total calculated
- $0
- Hours/week
- 1
-
Camita McCoy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Heather Mitchell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon Moody
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cary Olson Cartwright
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Pierce
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elyse Pratt-Ronco
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Suitter
Director
- Total calculated
- $0
- Hours/week
- 1
-
Virginia Swain
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kate Wilkinson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Wyke
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sara Burns
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Najla Frayha
First Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Abigail Diaz
Second Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Jared Cash
President/Secretary
- Total calculated
- $189,924
- From this org
- $158,678
- From related orgs
- $0
- Other
- $31,246
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,678
- Bonus
- $0
- Other
- $0
- Deferred
- $8,570
- Nontaxable benefits
- $22,676
- Filer's total
- $189,924
-
Joseph Foley
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey Candura
Development Director
- Total calculated
- $139,379
- From this org
- $116,959
- From related orgs
- $0
- Other
- $22,420
- Hours/week
- 40
-
Lisa Sirois
Finance Director
- Total calculated
- $124,463
- From this org
- $107,278
- From related orgs
- $0
- Other
- $17,185
- Hours/week
- 40
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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7
- From time-to-time and as deemed appropriate and reasonable by the Organization and its managing officers and directors, the Organization may reward incentive compensation, bonuses, or other non-fixed payments. These payments are based on measurable goals and established performance metrics, and are subject to the Organization's standard compensation review procedures. Any bonuses paid are approved by the Board's Executive Committee.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 20 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602529349300530
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