2017-05-12T09:48:13-05:00 2016-06-30 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2015-07-01 010378758 MAINE COLLEGE OF ART MAIN 2076995045 522 CONGRESS STREET PORTLAND ME 04101 ELIZABETH ELICKER EXECUTIVE VP 2076995045 2017-05-05 1 PATRICK NICHOLAS P00289567 2077745701 2017-05-01 2015 2021-01-29 14:40:06Z ELIZABETH ELICKER 522 CONGRESS STREET PORTLAND ME 04101 19948563 0 X WWW.MECA.EDU X 1882 ME THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 21 21 402 21 0 0 1083659 1439274 17008607 17762958 142722 179141 96827 8820 18331815 19390193 5966995 6373143 0 0 6075465 6738558 0 0 314532 5681679 5938256 17724139 19049957 607676 340236 29630984 29216800 9621936 8979139 20009048 20237661 THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 0 0 14817374 6373143 17762958 INSTRUCTION - PRIMARY MISSION. THE COLLEGE IS A PRIVATE INSTITUTION OFFERING BACHELOR AND MASTER OF FINE ARTS DEGREE PROGRAMS TO APPROXIMATELY 450 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. 14817374 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 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 1 159 0 1 402 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X ELIZABETH ELICKER VP 2076995045 522 CONGRESS STREET PORTLAND ME 04101 DEBORAH REED CHAIR 2.00 X X 0 0 0 BRIAN WILK VICE CHAIR 2.00 X X 0 0 0 JOAN L AMORY DIRECTOR 2.00 X 0 0 0 JANE G BRIGGS DIRECTOR 2.00 X 0 0 0 RONALD BUFORD DIRECTOR 2.00 X 0 0 0 DANIEL N CREWE DIRECTOR 2.00 X 0 0 0 DEBORAH H DLUHY DIRECTOR 2.00 X 0 0 0 ANNETTE L ELOWITCH DIRECTOR 2.00 X 0 0 0 EDWARD FRIEDMAN DIRECTOR 2.00 X 0 0 0 BETSY EVANS HUNT DIRECTOR 2.00 X 0 0 0 CANDACE PILK KARU DIRECTOR 2.00 X 0 0 0 MEREDITH KOERNER DIRECTOR 2.00 X 0 0 0 MARGARET CRANE MORFIT DIRECTOR 2.00 X 0 0 0 DANIEL POTEET DIRECTOR 2.00 X 0 0 0 JOHN POWERS DIRECTOR 2.00 X 0 0 0 SUE ROGERS DIRECTOR 2.00 X 0 0 0 SUSAN SCHRAFT DIRECTOR 2.00 X 0 0 0 TEDDY STOECKLEIN DIRECTOR 2.00 X 0 0 0 CYNTHIA THOMPSON DIRECTOR 2.00 X 0 0 0 KATHRYN YATES DIRECTOR 2.00 X 0 0 0 PAULA ZEITLIN DIRECTOR 2.00 X 0 0 0 DONALD TUSKI PRESIDENT 40.00 X 187994 0 18500 ELIZABETH ELICKER EXEC VP 40.00 X 117186 0 13021 IAN ANDERSON VP ACADEMIC & DEAN 40.00 X 110939 0 14971 REBECCA CONRAD VP ADVANCEMENT 40.00 X 100625 0 9917 516744 0 56409 4 0 1 0 FIRST PROTECTION SERVICES INC PO BOX 7209 SCARBOROUGH ME 04070 SECURITY 117700 1 20625 283590 1135059 120326 1439274 TUITION AND FEES 611600 15254918 15254918 AUXILARY INCOME 611600 2508040 2508040 17762958 107038 107038 50286 125152 -74866 -74866 -74866 483427 411324 72103 72103 72103 61835 20625 21894 39941 39941 MISC INCOME 611600 60980 60980 OTHER LOSS 611600 -17235 -17235 43745 19390193 17762958 0 187961 6373143 6373143 516744 416119 100625 5118457 3977003 1055363 86091 163388 115310 42664 5414 520403 367271 135889 17243 419566 296106 109558 13902 27276 27276 171743 171743 228018 68741 127422 31855 38955 3000 31879 4076 324361 296053 18494 9814 173153 93895 79258 187463 64841 121380 1242 8562 8562 261576 76066 185510 884155 580945 303210 239869 150638 89231 DORM 1099029 1099029 MAINTENANCE & SERVICES 667836 393997 260147 13692 UTILITIES 431537 236478 185306 9753 MISCELLANEOUS EXP 339985 45701 276489 17795 854738 579157 272551 3030 19049957 14817374 3918051 314532 1430702 1590450 1593554 1204995 348627 338164 803412 751669 289914 316951 28470866 10269789 18295495 18201077 6484072 6574472 385208 239022 29630984 29216800 1063832 823812 873503 929604 6793306 6330412 154481 129366 736814 765945 9621936 8979139 X 11083742 11574144 2084694 1532636 6840612 7130881 20009048 20237661 29630984 29216800 X 340236 -37623 -74000 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 6484069 198650 141404 249651 6574472 6418974 225452 39393 199750 6484069 4821112 1001144 825177 228459 6418974 4474400 104949 497081 255318 4821112 4662912 122234 -105748 205501 4473897 0.01000 0.81000 0.18000 0 0 513333 513333 187881 24832654 8231485 16789050 2873098 2038304 834794 63900 63900 18201077 DUE TO FEDERAL GOVT - PERKINS LOAN FUND 597645 GIFT ANNUITIES PAYABLE 15300 INTEREST RATE SWAP LIABILITY 153000 765945 13052473 -37623 147046 109423 12943050 6447143 6447143 19390193 12823860 147046 147046 12676814 6373143 6373143 19049957 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, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 21,894. RENTAL EXPENSES 125,152. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 6,373,143. LOSS ON INTEREST RATE SWAP 74,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 21,894. RENTAL EXPENSES 125,152. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 6,373,143. 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 PERKINS LOAN PROGRAM, THE FEDERAL WORK STUDY PROGRAM, AND THE FEDERAL PELL PROGRAM. THESE FUNDS ALLOW THE COLLEGE TO HELP STUDENTS TO FINANCE THE COST OF THEIR EDUCATION. ART AUCTION AND SALE 44585 44585 11526 FASHION SHOW 37875 20625 17250 10368 82460 20625 61835 21894 21894 39941 1 SPECIFIC ASSISTANCE -SEOG 180 151400 SCHOLARSHIPS & ASSISTANCE 493 6221743 CREDIT TO STUDENTS ACCOUNT 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 0 0 X X 0 0 0 0 0 0 0 0 0 DONALD TUSKI PRESIDENT 187994 0 0 0 0 0 9250 0 9250 0 206494 0 0 0 PART I, LINE 3 THE PRESIDENT'S OR CEO'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 HIS EMPLOYMENT CONTRACT. A MHHEFA SERIES 2010B 010314384 560427JA5 2010-06-24 3072932 REFUND MHHEFA SERIES 1998B ISSUED 7/9/98 0 0 1 B MHHEFA SERIES 2011MCA 010314384 2011-11-04 3300000 PURCHASE RESIDENCE HALL 0 0 0 C MHHEFA SERIES 2016A 010314384 56042REW8 2016-06-28 1859472 REFUNDED MHHEFA SERIES 2006F BONDS ISSUED 9/7/06 0 0 1 A 3072932 301756 38018 3140920 2010 1 0 1 1 B 3300000 3300000 2011 0 0 1 1 C 1859472 137850 22747 1937955 2016 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 SCHEDULE K PART III #9 AND PART IV #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 IS WORKING TO DEVELOP AND ESTABLISH ITS OWN WRITTEN PROCEDURES. X 96 44585 NET SALES PRICE X 17250 NET SALES PRICE X 14 58491 QUOTED PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - THE BOARD CHAIR, FINANCE COMMITTEE, AND MANAGEMENT REVIEW THE 990 PRIOR TO SUBMISSION. PRIOR TO FILING WITH THE IRS, THE 990 IS MADE AVAILABLE TO ALL BOARD OF DIRECTORS. 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 OR CEO'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 HIS EMPLOYMENT CONTRACT. THE PRESIDENT DETERMINES THE COMPENSATION FOR THE OFFICERS OF THE COLLEGE. HE 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: LOSS ON INTEREST RATE SWAP -74,000.