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Nonprofiteer
← SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by SOUTHERN MAINE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$468,673
Total expenses
$753,602
Contributions and grants received
$287,117
Grants paid
$682,931
Program service revenue
$0
Investment income
$185,742
Other revenue
-$4,186
Total assets, end of year
$5,275,709
Total liabilities, end of year
$56,253
Net assets or fund balances, end of year
$5,219,456
Program services expenses (Part IX)
$682,931
Management and general expenses
$56,746
Fundraising expenses
$13,925
Program service expenses (Part III)
$682,931

Program services were 90.6% 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

    $29,250

  • 1f · All other contributions, gifts and grants

    $257,867

  • 3 · Investment income

    total $156,749 · excluded $156,749

  • 7a · Gross sales of assets other than inventory

    securities $995,000

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

    securities $966,007

  • 7c · Gain or loss

    securities $28,993

  • 7d · Net gain or loss

    total $28,993 · excluded $28,993

  • 8a · Fundraising events: gross income

    $17,700

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

    $29,250

  • 8b · Fundraising events: direct expenses

    $21,886

  • 8c · Net income from fundraising events

    total -$4,186 · excluded -$4,186

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $682,931 · program services $682,931

  • 11c · Fees: accounting

    total $10,750 · management and general $10,750

  • 11f · Fees: investment management

    total $36,721 · management and general $36,721

  • 13 · Office expenses

    total $22,182 · management and general $8,257 · fundraising $13,925

  • 23 · Insurance

    total $1,018 · management and general $1,018

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,303,597 · end of year $1,450,568

  • 3 · Pledges and grants receivable

    beginning of year $799,411 · end of year $356,523

  • 11 · Investments: publicly traded securities

    beginning of year $3,289,201 · end of year $3,468,618

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,341 · end of year $56,253

  • 27 · Net assets without donor restrictions

    beginning of year $402,058 · end of year $545,404

  • 28 · Net assets with donor restrictions

    beginning of year $4,931,810 · end of year $4,674,052

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

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 $682,931 · Grants $682,931

As filed on the 2023 return.

Listed in Part VII

  • Jane Eberle

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Judith Borelli

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marty Madden

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Vaillancourt

    SECRETARY

    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

  • 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

  • Julie Chase

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    40

  • Kristen Miller

    EX-OFFICIO

    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

    $517,173

    SCHOLARSHIPS

  • SMCC

    $165,758

    SMCC PROGRAMS & CAPITAL GRANTS

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202511189349301526

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