2025-04-14T11:52:23-05:00 2024-06-30 390758449 WIPFLI LLP 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2023-07-01 010378758 MAINE COLLEGE OF ART AND DESIGN MAIN 2076995045 522 CONGRESS STREET PORTLAND ME 04101 ELIZABETH ELICKER EXECUTIVE VP 2076995045 2025-04-04 1 1 PATRICK NICHOLAS CPA P00289567 2077745701 2025-04-04 2023 2025-03-06 01:10:19Z ELIZABETH ELICKER 522 CONGRESS STREET PORTLAND ME 04101 30419001 0 X WWW.MECA.EDU X 1882 ME THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS. 20 20 359 20 0 0 3521036 3902479 21995558 24967861 510709 916646 83269 8940 26110572 29795926 7736957 8356368 0 0 9651054 10424765 30000 114732 862094 8425820 9344011 25843831 28239876 266741 1556050 47873713 49942890 15230047 14132040 32643666 35810850 THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 0 0 20880001 8356368 24967861 INSTRUCTION - PRIMARY MISSION. THE COLLEGE IS A PRIVATE INSTITUTION OFFERING BACHELOR AND MASTER OF FINE ARTS DEGREE PROGRAMS TO APPROXIMATELY 400 FULL-TIME STUDENTS CONCENTRATING IN THE FINE ARTS, A MASTER OF ART IN TEACHING PROGRAM, AS WELL AS A WIDE RANGE OF CONTINUING STUDIES CLASSES FOR INDIVIDUALS OF ALL AGES AND A PUBLICLY ACCESSIBLE GALLERY, THE INSTITUTE OF CONTEMPORARY ART. 20880001 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 166 0 1 359 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X ELIZABETH ELICKER VP 2076995045 522 CONGRESS STREET PORTLAND ME 04101 KATHRYN YATES CHAIR 2.00 X X 0 0 0 DIANE GATHWAITE VICE CHAIR 2.00 X X 0 0 0 DEBORAH H DLUHY DIRECTOR 2.00 X 0 0 0 MEREDITH KOERNER DIRECTOR 2.00 X 0 0 0 SUSAN A ROGERS DIRECTOR 2.00 X 0 0 0 JENNY SCHEU DIRECTOR 2.00 X 0 0 0 ABIGAIL WARK DIRECTOR 2.00 X 0 0 0 DAN BAILIN DIRECTOR 2.00 X 0 0 0 MICHAEL BOYSON DIRECTOR 2.00 X 0 0 0 JORDAN CAREY DIRECTOR 2.00 X 0 0 0 JENNIE COYNE DIRECTOR 2.00 X 0 0 0 KEREM DURDAG DIRECTOR 2.00 X 0 0 0 EDWARD FRIEDMAN DIRECTOR 2.00 X 0 0 0 KATHRYN KNIGHT-WISE DIRECTOR 2.00 X 0 0 0 ROBERTA MARCH DIRECTOR 2.00 X 0 0 0 MARIANNA PIERCE DIRECTOR 2.00 X 0 0 0 DAMIEN SACCANI DIRECTOR 2.00 X 0 0 0 GIMBALA SANKARE DIRECTOR 2.00 X 0 0 0 KRISTIN VALDMANIS DIRECTOR 2.00 X 0 0 0 BRIT VITALIUS DIRECTOR 2.00 X 0 0 0 LAURA RETHERFORD VP DEVELOPMENT 40.00 X 125400 0 17241 LAURA FRIED PRESIDENT 40.00 X 433305 0 17462 BETH ELICKER EXECUTIVE VP 40.00 X 223000 0 17740 IAN ANDERSON VP ACADEMIC AFFAIRS & DEAN 40.00 X 155088 0 23186 HOLLY HIGGINS DIRECTOR OF BUSINESS SERVICES 40.00 X 103993 0 11643 1040786 0 87272 5 0 1 0 FIRST PROTECTION SERVICES INC PO BOX 7209 SCARBOROUGH ME 04070 SECURITY 227373 JENZABAR INC PO BOX 55018 BOSTON MA 022055018 SOFTWARE & SUPPORT 199619 2 32500 181213 3688766 860715 3902479 TUITION AND FEES 611600 19589498 19589498 ROOM AND BOARD FEES 611600 5378363 5378363 24967861 734361 734361 30630 73212 -42582 -42582 -42582 699789 517504 182285 182285 182285 83881 32500 32359 51522 51522 29795926 24967861 0 925586 8356368 8356368 936793 640926 295867 7609841 5752959 1687529 169353 310405 208941 82890 18574 971443 653904 259411 58128 596283 401373 159230 35680 44536 44536 82632 82632 114732 114732 40233 40233 41945 41945 337382 134319 162450 40613 76273 8076 66661 1536 528929 219541 287639 21749 374400 282099 92301 285325 62730 222595 35492 35492 119634 70451 49183 1331634 573545 758089 405417 295216 110201 DORM & DINING 3204430 3204430 MAINTENANCE & SERVICES 897940 853043 44897 UTILITIES 491373 17896 449803 23674 SUPPLIES 369204 286138 78913 4153 677232 352015 292079 33138 28239876 20880001 6497781 862094 6270156 5883181 726127 2143636 370293 314949 76766 0 563417 688664 33171406 15922093 16538801 17249313 15617866 17820913 7710287 5842234 47873713 49942890 1680179 1670583 1059864 1139976 5912529 5318837 1034134 6577475 4968510 15230047 14132040 X 14611729 14191513 18031937 21619337 32643666 35810850 47873713 49942890 X 1556050 1606134 5000 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 15489822 642928 2183733 659515 17656968 13869758 1124447 1539243 1043626 15489822 15412452 1181681 -2227867 496508 13869758 9833954 3039143 2998207 458852 15412452 8637230 427755 1137380 368411 9833954 0.01000 0.99000 0.00000 0 0 817551 817551 28813660 14238746 14574914 1001521 678700 322821 2538674 1004647 1534027 17249313 BOND ESCROW FUNDS 1074177 RIGHT-OF-USE ASSETS - OPERATING LEASES 4723057 INTEREST RATE SWAP ASSET 45000 5842234 LEASE OBLIGATION - OPERATING LEASES 4968510 4968510 23156263 1606134 110571 1716705 21439558 8356368 8356368 29795926 19989079 105571 105571 19883508 8356368 8356368 28239876 PART III, LINE 1A: THE COLLEGE DOES NOT CAPITALIZE COLLECTIONS, PRIMARILY LIBRARY BOOKS AND ART OBJECTS, AS THEY ARE HELD FOR PUBLIC EXHIBITION AND EDUCATION RATHER THAN FINANCIAL GAIN. ANY PROCEEDS FROM THE SALE OF COLLECTION ITEMS ARE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION. THE COLLEGE ESTIMATES THE VALUE OF THE COLLECTION TO BE APPROXIMATELY $74,000 AT JUNE 30, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 32,359. RENTAL EXPENSES 73,212. GAIN ON INTEREST RATE SWAP 5,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 8,356,368. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 32,359. RENTAL EXPENSES 73,212. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 8,356,368. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS LISTED IN THE STUDENT HANDBOOK, THE COLLEGE RECRUITMENT VIEW BOOK, AND ON THE COLLEGE'S WEB SITE. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FUNDS FROM VARIOUS PROGRAMS OF THE UNITED STATES DEPARTMENT OF EDUCATION, SUCH AS THE FEDERAL WORK STUDY PROGRAM (FWS), FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND PELL PROGRAM. THESE FUNDS ALLOW THE COLLEGE TO HELP STUDENTS TO FINANCE THE COST OF THEIR EDUCATION. X X X X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 191824885 FEASIBILITY STUDY SERVICES 0 0 62272 -62272 CAPITAL CAMPAIGN PRO PO BOX 686 WESTFIELD NJ 07097 FEASIBILITY STUDY SERVICES 0 0 47150 -47150 109422 -109422 ART AUCTION AND SALE 81632 17750 63882 13647 FASHION SHOW 27999 14750 13249 17427 1 6750 0 6750 1285 116381 32500 83881 32359 32359 51522 1 SCHOLARSHIPS & ASSISTANCE 585 8356368 SCHOLARSHIP PART I, LINE 2: THE COLLEGE PROVIDES SCHOLARSHIPS TO ENROLLED STUDENTS. AMOUNTS AWARDED ARE DETERMINED BY THE FINANCIAL AID DEPARTMENT IN ACCORDANCE WITH THE COLLEGE'S AND FEDERAL AGENCY POLICIES. AMOUNTS GIVEN ARE CREDITED TO THE STUDENTS ACCOUNT. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LAURA FRIED PRESIDENT 433305 0 0 0 0 0 16500 0 962 0 450767 0 0 0 BETH ELICKER EXECUTIVE VP 223000 0 0 0 0 0 11150 0 6590 0 240740 0 0 0 IAN ANDERSON VP ACADEMIC AFFAIRS & DEAN 155088 0 0 0 0 0 7754 0 15432 0 178274 0 0 0 A MHHEFA SERIES 2016A 010314384 56042REW8 2016-06-28 73764920 REFUNDED MHHEFA SERIES 2006F BONDS ISSUED 9/7/06 0 0 1 B MHHEFA SERIES 2018 MCA 010314384 NONEAVAIL 2018-09-26 2850000 NEW MONEY 0 0 0 C MHHEFA SERIES 2021A 010314384 2021-05-19 2695000 REFUND SERIES 2010B & 2011 0 0 1 A 490000 1859472 137850 22747 1937955 2016 1 0 1 1 B 902277 2202511 59458 2143053 2019 0 0 0 1 C 725000 3197410 492625 3174492 49684 28400 2021 1 0 1 1 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART III, LINE 9 AND PART IV, LINE 7 AND PART V THE ISSUER HAS ESTABLISHED WRITTEN PROCEDURES. THE COLLEGE HAS ENTERED INTO TAX REGULATORY AGREEMENTS WITH THE ISSUER THAT REQUIRE THE COLLEGE TO COMPLY WITH THE RESPECTIVE FEDERAL TAX REQUIREMENTS. THE COLLEGE HAS DEVELOPED AND ESTABLISHED ITS OWN WRITTEN PROCEDURES. X 100 70632 NET SALES PRICE X 13249 NET SALES PRICE X 13 776833 QUOTED PRICE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE BOARD CHAIR, FINANCE COMMITTEE, AND MANAGEMENT REVIEW THE 990 PRIOR TO SUBMISSION. THE 990 IS MADE AVAILABLE TO ALL BOARD OF TRUSTEES AFTER THE FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY. THE GOVERNANCE COMMITTEE REVIEWS THE FORMS, AND ADDRESS ANY POTENTIAL CONFLICTS DIRECTLY WITH INDIVIDUAL TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THEY CONDUCT A REVIEW OF THE PRESIDENT ANNUALLY, REVIEW THE SALARY SURVEY MADE AVAILABLE BY THE ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD) AS A RESOURCE IN DETERMINING THE LEVEL OF COMPENSATION AND REVIEW AND UPDATE THE EMPLOYMENT CONTRACT. THE PRESIDENT DETERMINES THE COMPENSATION FOR THE OFFICERS OF THE COLLEGE. THE PRESIDENT CONDUCTS AN ANNUAL REVIEW OF EACH OFFICER OR VICE PRESIDENT AND REVIEWS THE SALARY SURVEY MADE AVAILABLE BY THE ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD) AS A RESOURCE IN DETERMINING LEVELS OF COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAP 5,000.