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The Catholic Foundation Of Maine

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

EIN: 770612679 ✦ Portland, ME ✦ Designated as a 501(c)(3)

Overview

What is The Catholic Foundation Of Maine?

The Catholic Foundation of Maine is a nonprofit organization situated in Portland, Maine. Its primary mission is to manage and oversee endowments, which are funds benefiting parishes, clergy, students, educational institutions, ministries, and associated organizations. During the latest filing period, several new ministry program endowment funds were established, including the Erlinda A. Polvorosa and Paul H. LaMarche Memorial Endowment, among others. The foundation's purpose is to offer charitable investment opportunities through donations or gifts to these endowments, thereby supporting various religious and educational endeavors in Maine. The organization employs a total of 3 individuals.


Official website here: www.catholicfoundationmaine.org

Is The Catholic Foundation Of Maine legitimate?

The Catholic Foundation Of Maine is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Catholic Foundation Of Maine 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,448

For more financial information, click here


Official website here: www.catholicfoundationmaine.org

What is the mission statement of The Catholic Foundation Of Maine?

The Catholic Foundation of Maine's mission is to offer an avenue for charitable investing through donations or gifts to endowments. This organization manages and oversees these endowments for the benefit of various entities such as parishes, clergy, students, education, ministries, and organizations. During a certain period, they established several new ministry program endowment funds, including the Erlinda A. Polvorosa and Paul H. LaMarche Memorial Endowment, among others.


Official website here: www.catholicfoundationmaine.org

Who is the CEO of The Catholic Foundation Of Maine?

Bishop Robert Deeley Jcd is the President of The Catholic Foundation Of Maine.


Official website here: www.catholicfoundationmaine.org

What is the revenue of The Catholic Foundation Of Maine?

The Catholic Foundation Of Maine's revenue in 2022 was $2,739,012.


Official website here: www.catholicfoundationmaine.org

Who are the executives of The Catholic Foundation Of Maine and what are their salaries?

The average compensation at The Catholic Foundation Of Maine during 2022 was $54,149. There are 3 employees and 10 volunteers at The Catholic Foundation Of Maine.

Here are 13 key members and their salaries:

    Scott Graff (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $172,664
  • Other: $18,993

    • Elizabeth Badger (Executive Director)
  • Compensation: $0
  • Related: $104,825
  • Other: $11,531

    • Bishop Robert Deeley Jcd (President) [Trustee/Director]
  • Compensation: $0
  • Related: $45,424
  • Other: $39,375

    • Michael Anderson (Director (End 7/2021))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Boulay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maryellen Fitzgerald (Director (End 9/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phil Morissette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martha Muldoon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Powers (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony Manhart (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Caron (Vice Chairman (End 9/2021)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nick Mccrum (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.catholicfoundationmaine.org

    Where can I find the form 990 for The Catholic Foundation Of Maine?

    The The Catholic Foundation Of Maine’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.catholicfoundationmaine.org

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

    Mission Statement of The Catholic Foundation Of Maine

    The Catholic Foundation of Maine serves a significant role in charitable giving, offering opportunities for individuals to make donations or gifts to endowments. Its mission is centered around maintaining and managing these endowments, which ultimately benefit various entities such as parishes, clergy, students, educational institutions, ministries, and organizations. During a recent filing period, several new ministry program endowment funds were established, including the Erlinda A. Polvorosa and Paul H. LaMarche Memorial Endowment, the J. F. Dillon Pre School Endowment Fund, and the All Saints Parish Endowment, among others. These funds contribute to the support of various causes within the Catholic community, demonstrating the foundation's commitment to its mission.

    Impact

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




    Saturday, July 20, 2024

    The Catholic Foundation of Maine provides opportunities for charitable investment through donations or gifts to endowments. They maintain and administer endowments for the benefit of parishes, clergy, students, education, ministries, and organizations. Some of the new ministry program endowment funds include the Erlinda A. Polvorosa and Paul H. LaMarche Memorial Endowment, J. F. Dillon Pre School Endowment Fund, All Saints Parish Endowment, Notre Dame du Mont Carmel Parish Endowment, and others. Their impact is significant in supporting various areas within the Catholic community in Maine.





    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 2022.

  • Investment Income: $1,820,716
  • Program Service Revenue: $0
  • Gross Receipts: $25,078,826

    • Assets and Liabilities:
  • Total Assets: $32,450,592
  • Total Liabilities: $34,452
  • Net Assets: $32,416,140
  • Organization Details

    Founding Year

    2003

    Principal Officer

    Bishop Robert Deeley Jcd

    Main Address

    PO Box 799, Portland, ME, 04104

    NTEE Category

    Code: X122 - Religion related

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