2016-05-10T15:58:15-05:00 2015-06-30 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2014-07-01 010378758 MAINE COLLEGE OF ART MAIN 2076995045 522 CONGRESS STREET PORTLAND ME 04101 ELIZABETH ELICKER EXEC VP 2076995045 2016-05-05 1 PATRICK NICHOLAS P00289567 2077745701 2016-05-05 2014 2016-08-17 19:52:53Z DONALD TUSKI 522 CONGRESS STREET PORTLAND ME 04101 19026158 0 X WWW.MECA.EDU X 1882 ME THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 30 30 391 30 0 0 4119856 1083659 14898421 17008607 154753 142722 -51156 96827 19121874 18331815 5211427 5966995 0 0 5744881 6075465 0 0 319082 5010996 5681679 15967304 17724139 3154570 607676 29545846 29630984 10033454 9621936 19512392 20009048 THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 0 0 13670465 5966995 17053382 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 POST-BACCALAUREATE PROGRAM IN ART EDUCATION, 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. 13670465 1 1 0 0 0 0 0 1 1 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 1 155 0 1 391 1 0 0 0 0 0 1 1 0 0 0 0 X 30 30 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 MARGARET CRANE MORFIT VICE CHAIR 2.00 X 0 0 0 JOAN L AMORY DIRECTOR 2.00 X 0 0 0 HEIDI BEMENT 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 BEN DEVINE 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 RALPH L HARDING DIRECTOR 2.00 X 0 0 0 JUDITH A KANE DIRECTOR 2.00 X 0 0 0 ERICK LAHME DIRECTOR 2.00 X 0 0 0 ALISON LEAVITT DIRECTOR 2.00 X 0 0 0 PAULA CRANE LUNDER DIRECTOR 2.00 X 0 0 0 LYNDA J MEANS MD DIRECTOR 2.00 X 0 0 0 KENNETH M NELSON DIRECTOR 2.00 X 0 0 0 DANIEL E O'LEARY DIRECTOR 2.00 X 0 0 0 JAC OUELLETTE DIRECTOR 2.00 X 0 0 0 CLAUDIA C PACHIOS DIRECTOR 2.00 X 0 0 0 SAMUEL PIERCE DIRECTOR 2.00 X 0 0 0 DANIEL POTEET 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 BILL THORNTON DIRECTOR 2.00 X 0 0 0 ANDRES VERZOSA DIRECTOR 2.00 X 0 0 0 KATHARINE J WATSON DIRECTOR 2.00 X 0 0 0 BRIAN WILK DIRECTOR 2.00 X 0 0 0 PAULA ZEITLIN DIRECTOR 2.00 X 0 0 0 DONALD TUSKI PRESIDENT 40.00 X 185000 0 18500 ELIZABETH ELICKER EXEC VP 40.00 X 112800 0 12777 IAN ANDERSON VP ACADEMIC & DEAN 40.00 X 107000 0 14740 REBECCA CONRAD VP ADVANCEMENT 40.00 X 93000 0 9511 497800 0 55528 3 0 1 0 RICHARD RENNER ARCHITECTS 35 PLEASANT STREET PORTLAND ME 04101 ARCHITECTURAL SERVICES 171400 FIRST PROTECTION SERVICES INC PO BOX 7209 SCARBOROUGH ME 04070 SECURITY 114500 2 27760 259158 796741 174640 1083659 TUITION AND FEES 611600 14563199 14563199 AUXILARY INCOME 611600 2445408 2445408 17008607 97947 97947 52577 129775 -77198 -77198 -77198 579451 534676 44775 44775 44775 84521 27760 29892 54629 54629 MISC INCOME 611600 125474 125474 OTHER LOSS -6078 -6078 119396 18331815 17053382 0 194774 5966995 5966995 497800 404800 93000 4570761 3515170 972210 83381 131717 91349 35784 4584 486759 337579 132241 16939 388428 269384 105527 13517 11968 11968 42924 42924 27259 27259 78158 78158 316550 99040 174008 43502 47616 3601 40561 3454 338941 319955 9647 9339 168441 92181 76260 197649 55438 139718 2493 5716 5716 272454 92193 180261 819994 530629 289365 206991 127163 79828 DORM 958987 958987 MAINTENANCE & SERVICES 701712 383807 302010 15895 UTILITIES 472675 233986 226755 11934 SUPPLIES 309589 299972 9136 481 704055 293036 390456 20563 17724139 13670465 3734592 319082 1690823 1430702 2136626 1593554 298819 348627 809399 803412 250480 289914 27605967 9310472 17048413 18295495 6418977 6484072 892309 385208 29545846 29630984 788658 1063832 721502 873503 7622538 3800313 179598 3147474 721158 736814 10033454 9621936 X 9592888 11083742 3277952 2084694 6641552 6840612 19512392 20009048 29545846 29630984 X 607676 -103020 -8000 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 1 1 0 111739 111739 0 0 6418974 225452 39393 199750 6484069 4821112 1001144 825177 228459 6418974 4474400 104949 497081 255318 4821112 4662912 122234 -105748 205501 4473897 3937305 142613 789728 206734 4662912 0.01000 0.79000 0.20000 0 0 513333 513333 187881 23008065 7538555 15657391 2518621 1771917 746704 1378067 1378067 18295495 DUE TO FEDERAL GOVT-PERKINS LOAN FUND 640814 GIFT ANNUITIES PAYABLE 17000 INTEREST RATE SWAP LIABILITY 79000 736814 12413466 -103020 159666 56646 12356820 5974995 5974995 18331815 11916810 159666 159666 11757144 5966995 5966995 17724139 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, 2015. PART IV, LINE 1B: THE COLLEGE ACTED AS THE FISCAL AGENT FOR THE CIRCUS CONSERVATORY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 29,892. RENTAL EXPENSES 129,774. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 5,966,995. LOSS ON INTEREST RATE SWAP 8,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 29,892. RENTAL EXPENSES 129,774. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 5,966,995. 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 71521 71521 8305 FASHION SHOW 40760 27760 13000 21587 112281 27760 84521 29892 29892 54629 1 SPECIFIC ASSISTANCE -SEOG 174 127271 SCHOLARSHIPS & ASSISTANCE 476 0 5839724 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 185000 0 0 0 0 0 9250 0 9250 0 203500 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 2006F 010314384 560425G20 2006-09-07 2285000 PURCHASE & RENOVATION OF RESIDENCE HALL 0 0 1 B MHHEFA SERIES 2010B 010314384 560427JA5 2010-06-24 2865000 REFUND MHHEFA SERIES 1998B ISSUED 7/9/98 0 0 1 C MHHEFA SERIES 2011MCA 010314384 2011-11-04 3300000 PURCHASE RESIDENCE HALL 0 0 0 A 2358321 152932 66743 2135000 3645 2006 0 0 1 1 B 3072932 301756 38018 3141697 2010 1 0 1 1 C 3300000 3300000 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 1 0 0 0.04500 0.04500 0 0 0 A 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 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 125 71521 NET SALES PRICE X 13000 NET SALES PRICE X 23 90119 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 -8,000.