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The Foundation For Maine's Community Colleges

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271363414 ✦ South portland, ME ✦ Designated as a 501(c)(3)

Overview

What is The Foundation For Maine's Community Colleges?

The Foundation for Maine's Community Colleges is a nonprofit organization situated in South Portland, Maine. With a small team of five dedicated individuals, this organization supports Maine's community college system, which includes seven colleges. Its primary mission is to secure philanthropic funds, promote the system's public purpose, and prioritize student success and workforce development. The foundation's activities are geared towards providing the necessary resources for the colleges to offer an affordable, high-quality, and accessible education to Maine residents.


Official website here: www.maineccfoundation.org

Is The Foundation For Maine's Community Colleges legitimate?

The Foundation For Maine's Community Colleges is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Maine's Community Colleges submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $121,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,147

For more financial information, click here


Official website here: www.maineccfoundation.org

What is the mission statement of The Foundation For Maine's Community Colleges?

The Foundation For Maine's Community Colleges is committed to ensuring that Maine's seven community colleges have the necessary resources to deliver a top-notch, affordable, and accessible higher education experience. This mission is accomplished through various means, including developing reliable sources of philanthropic funding, advocating for the System's public purpose, and supporting its key priorities, such as student success and workforce development. In essence, the foundation's objective is to bolster the capabilities of Maine's community colleges to meet the educational needs of their local community.


Official website here: www.maineccfoundation.org

Who is the CEO of The Foundation For Maine's Community Colleges?

Dr John Fitzsimmons is the President of The Foundation For Maine's Community Colleges.


Official website here: www.maineccfoundation.org

What is the revenue of The Foundation For Maine's Community Colleges?

The Foundation For Maine's Community Colleges's revenue in 2023 was $1,406,703.


Official website here: www.maineccfoundation.org

Who are the executives of The Foundation For Maine's Community Colleges and what are their salaries?

The average compensation at The Foundation For Maine's Community Colleges during 2023 was $48,747. There are 5 employees and 10 volunteers at The Foundation For Maine's Community Colleges.

Here are 14 key members and their salaries:

    Dr John Fitzsimmons (President) [Trustee/Director]
  • Compensation: $113,494
  • Related: $0
  • Other: $27,728

    • Hon John R Mckernan Jr (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa M Gorman (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hon Daniel E Wathen (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence A Wold (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Ballard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Daigler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Disotto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol Epstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond T Kelley (Past Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Montgomery-Rice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Petersen (Past Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Purington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine D Rosen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.maineccfoundation.org

    Where can I find the form 990 for The Foundation For Maine's Community Colleges?

    The The Foundation For Maine's Community Colleges’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.maineccfoundation.org

    Learn more at the official website: www.maineccfoundation.org

    Mission Statement of The Foundation For Maine's Community Colleges

    The Foundation for Maine's Community Colleges is committed to ensuring that Maine's seven community colleges have the necessary resources to deliver a top-notch, affordable, and accessible education to their students. This nonprofit organization, dedicated to supporting the State's community colleges, aims to develop sustainable sources of philanthropic funds for the system, thereby advancing its public purpose. Furthermore, the Foundation actively supports the system's top priorities, which include student success and workforce development. By undertaking these activities, it helps the Maine Community College System to provide a high-quality education that caters to the needs of its students and contributes to the state's workforce.

    Impact

    This information is meant to be a general summary of The Foundation For Maine's Community Colleges. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Foundation For Maine's Community Colleges impacts Maine's higher education landscape by providing crucial support and resources to the state's seven community colleges. Through developing sustainable philanthropic funds, advancing public purposes, and supporting student success and workforce development initiatives, the Foundation works to ensure that Maine people have access to high-quality, affordable, and accessible college education.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $211,531
  • Program Service Revenue: $352,361
  • Gross Receipts: $1,406,703

    • Assets and Liabilities:
  • Total Assets: $14,060,481
  • Total Liabilities: $1,036,265
  • Net Assets: $13,024,216
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Fundraising Svc. Fees

    Revenue

    $352,361

    Organization Details

    Founding Year

    2009

    Principal Officer

    Dr John Fitzsimmons

    Main Address

    54 Lighthouse Circle, South Portland, ME, 04106

    NTEE Category

    Code: B12 - Education

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