2022-11-22T10:26:13-06:00 2021-06-30 390758449 Wipfli LLP 30 Long Creek Drive South Portland ME 041062437 990 2020-07-01 043350930 University of Southern Maine Foundation UNIV 2077804708 Po Box 9300 Portland ME 041049300 Ainsley Newman Wallace President & CEO 2077804708 2022-11-21 1 Ainsley Newman Wallace 999009999 Patrick Nicholas CPA P00289567 2077745701 2022-11-21 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X Ainsley Newman Wallace Po Box 9300 Portland ME 041049300 17108196 0 X www.usm.maine.edu/foundation X 1996 ME Support for the University of Southern Maine. 29 28 23 28 0 0 4914828 15240495 1504267 1507892 374205 359809 0 0 6793300 17108196 2347959 2591690 0 0 1565241 1808407 228840 362928 1113371 162656 191409 4304696 4954434 2488604 12153762 31008162 49206133 310235 325679 30697927 48880454 To actively build and steward resources in support of the University of Southern Maine's mission of education, research, and public service and to educate the public about the activities and programs of the University of Southern Maine. 0 0 3461673 2591690 1507892 Supported the University by transferring scholarship funds for students studying, Science, Technology, Engineering, Health, Education, Music, Nursing, and for Students Studying at the Lewiston-Auburn Campus. Received donations to assist in supplying the Osher Map Library, housed at the University of Southern Maine, with maps, books, and artifacts. Received several large pledge intentions to create endowments for: an Endowed Chair for Risk Management, Promise Scholarship Fund, and Music Scholarships. Continued to invest endowments prudently and responsibly in order to provide income for scholarships, professorships, staff development and operations which all benefit the University of Southern Maine. 3461673 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 5 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Vicki LaQuerre 2072288521 PO Box 9300 Portland ME 04104 Daniel Crewe Chair 2.00 X X 0 0 0 Stephen deCastro Vice Chair 1.00 X X 0 0 0 Timothy Griffin Treasurer 1.00 X X 0 0 0 Todd Chamberlain Secretary 1.00 X X 0 0 0 Justin Alfond Director 1.00 X 0 0 0 Robert Blackwood Director 1.40 X 0 0 0 Kenneth A Blaschke Director 1.00 X 0 0 0 Marci Booth Director 1.00 X 0 0 0 Kelly Brewer Director 1.00 X 0 0 0 Robert H Dodge Director 1.20 X 0 0 0 Dajaun Eubanks Director 1.00 X 0 0 0 Christopher Hall Director 1.70 X 0 0 0 Cyrus Hagge Director 1.40 X 0 0 0 Mo Ibourk Director 1.00 X 0 0 0 Dan Kleban Director 1.00 X 0 0 0 Rebecca McKinnell Director 1.00 X 0 0 0 Dean Murray Director 1.00 X 0 0 0 Teresa Nizza Director 1.00 X 0 0 0 Casey Prentice Director 1.00 X 0 0 0 John Ryan Director 1.00 X 0 0 0 Lois Skillings Director 1.00 X 0 0 0 Ray Stevens Director 1.00 X 0 0 0 Linda Varrell Director 1.00 X 0 0 0 Glenn Cummings Director 1.00 X 0 0 0 Alec Porteous Director 1.00 X 0 0 0 Jeffrey Jordan Director 1.00 X 0 0 0 Luc Nya Director 1.00 X 0 0 0 Kate Beever Director 1.00 X 0 0 0 Ainsley Newman Wallace President 40.00 X 177686 0 41666 Corey Hascall Vice President 40.00 X 116923 0 33483 Susan Palmer Director of Principal Gift 40.00 X 106454 0 10937 401063 0 86086 3 0 1 0 Community Counseling Service Co LLC PO Box 824885 Philadelphia PA 19182 Fundraising consultant 339000 1 239000 15001495 599790 15240495 Advancements services 900099 1507892 1507892 1507892 359809 359809 17108196 1507892 0 359809 2591690 2591690 293981 71239 41840 180902 975031 472272 191734 311025 90817 38896 16716 35205 351211 148979 80750 121482 97367 41702 17921 37744 10590 4536 1949 4105 19134 8195 3522 7417 362928 362928 24096 10320 4435 9341 18884 8088 3476 7320 42469 18189 7817 16463 31091 13316 5723 12052 170 73 31 66 2428 1040 447 941 3459 1481 637 1341 Event Productions 25339 25339 All Other Expenses 12999 5568 2392 5039 Sponsorships 750 750 4954434 3461673 379390 1113371 4200842 11209248 3383169 5793306 0 0 23308088 32060559 116063 143020 31008162 49206133 71235 77279 239000 248400 310235 325679 X 700605 1059408 29997322 47821046 30697927 48880454 31008162 49206133 X 12153762 6025859 2906 X 0 1 X 1 0 X 4646534 3037376 5447241 4927335 15240495 33298981 4646534 3037376 5447241 4927335 15240495 33298981 11402665 21896316 270154 272095 448991 374205 359809 1725254 35024235 6438524 0.62520 0.65880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23266221 3166994 6393912 862630 31964497 21962340 1864204 213278 773601 23266221 20261631 1925313 588722 813326 21962340 18110692 1666269 1204677 720007 20261631 16246348 1162680 1831783 1130119 18110692 0.74000 0.26000 1 0 0 Beneficial Interest In Char Rem Trust 96062 F UMaine System Investment Pool 31964497 F 32060559 23190983 6025859 56928 6082787 17108196 0 17108196 5008456 54022 54022 4954434 0 4954434 Part V, Line 4: ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OPERATIONS. Part XI, Line 2d - Other Adjustments: change in value of beneficial interest 56,928. Part XII, Line 2d - Other Adjustments: Bad debts provision 54,022. X X X X 1 Lauren Sterling 75 Clearwater Drive 301 Portland ME 04105 Consulting 0 0 5428 -5428 Community Counseling Service Co LLC PO Box 824885 Philadelphia PA 191824885 Consulting 0 0 339000 -339000 344428 -344428 1 UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 1834959 USM programs & capital projects UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 719993 Endowment income gifted to USM UNIVERSITY OF SOUTHERN MAINE 14 Central St BANGOR ME 04401 016000769 26173 Vendor valuation and invoices Donor's gift for the purchase of rare books and maps. Osher Map Library Collection 1 Part I, Line 2: For restricted gifts - an invoicing system is used in accordance with an operating agreement established with the University of Maine System, and consistent with the donor's intentions. For endowment income gifted - the funds are remitted to University of Maine System to be used in accordance with donor agreements. X X 0 0 0 0 0 0 0 0 0 Ainsley Newman Wallace President 177686 0 0 0 0 0 13964 0 27702 0 219352 0 0 0 Corey Hascall Vice President 116923 0 0 0 0 0 11648 0 21835 0 150406 0 0 0 Part I, Line 3 The President/CEO's compensation is determined by the board and included in their written employment contract. X 11 599790 FMV 0 1 0 Form 990, Part VI, Section B, line 11b Line 11a explanation - The return is prepared by our outside auditors in conjuction with information provided by the Foundation. The draft return is provided to the Foundation's Finance & Audit Committee for review and discussion. The final draft return is reviewed by the Foundation's finance manager and then provided to the Foundation's Board of Directors for final approval. Form 990, Part VI, Section B, line 12c All officers and directors with voting authority annually complete USM Foundation's code of ethics and conflict of interest agreements. A checklist is maintained tracking all forms received and reviewed for compliance. Form 990, Part VI, Section B, line 15a The Board of Directors reviews and approves the compensation for the President. Form 990, Part VI, Section C, line 19 The Foundation does make its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part XI, line 9: Bad debts provision -54,022. Change in value of beneficial interest & life insurance 56,928. Form 990, Item B, Amended Return Return is being amended to correct Functional expenses and related sections. The following sections and items have been changed: -Form 990, Part I, Summary: Changed Lines 13-17 with corrected functional expense amounts -Form 990, Part III, Statement of Program Service Accomplishments, lines 4a & 4e: Changed program expense and grants to correct amounts -Form 990, Part IX, Statement of Functional Expenses: expense amounts were properly allocated between program, management and general, and fundraising USM Foundation Supporting Council PO Box 9300 Portland ME 04104 814103942 Educational ME 501(c)(3) Line 5 Universtiy of SOuthern Maine Foundation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0