2015-05-14T12:45:32-05:00 2014-06-30 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2013-07-01 010378758 MAINE COLLEGE OF ART MAIN 2076995045 522 CONGRESS STREET PORTLAND ME 04101 ELIZABETH ELICKER EXEC VP 2076995045 2015-05-13 1 PATRICK NICHOLAS P00289567 2077745701 2015-05-13 X 2013 2016-02-25 16:41:14Z DONALD TUSKI 522 CONGRESS STREET PORTLAND ME 04101 19692851 0 X WWW.MECA.EDU X 1882 ME THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 28 28 358 0 0 0 1010476 4119856 13496894 14898421 150936 154753 -44516 -51156 14613790 19121874 4779119 5211427 0 0 5443953 5744881 0 0 290191 4501867 5010996 14724939 15967304 -111149 3154570 26011509 29545846 10312572 10033454 15698937 19512392 THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 0 0 10653340 5211427 14898421 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. 10653340 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 1 209 0 1 358 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 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 CARON ZAND CHAIR 2.00 X X 0 0 0 DEBORAH REED VICE CHAIR 2.00 X 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 MARGARET CRANE MORFIT 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 MARY SCHENDEL DIRECTOR 2.00 X 0 0 0 CYNTHIA THOMPSON 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 PAULA ZEITLIN DIRECTOR 2.00 X 0 0 0 DONALD TUSKI PRESIDENT 40.00 X 185000 0 18231 ELIZABETH ELICKER EXEC VP 40.00 X 110912 0 12405 IAN ANDERSON VP ACADEMIC & DEAN 40.00 X 105000 0 14231 REBECCA CONRAD VP ADVANCEMENT 40.00 X 90000 0 8328 490912 0 53195 3 0 1 0 JS MCCARTHY 15 DARRIN DRIVE AUGUSTA ME 04330 PRINTING 163560 1 36592 247697 3835567 200901 4119856 TUITION AND FEES 611600 13015973 13015973 AUXILARY INCOME 611600 1882448 1882448 14898421 88815 88815 217022 355509 -138487 -138487 -138487 250094 184156 65938 65938 65938 54721 36592 31312 23409 23409 MISC INCOME 611600 63922 63922 63922 19121874 14898421 0 103597 5211427 5211427 544107 445779 98328 4293849 2137435 2079789 76625 102271 56249 45237 785 440096 209798 218671 11627 364558 162854 189008 12696 14238 14238 37525 37525 23267 23267 115504 25000 90504 261786 90158 137302 34326 37045 3302 28936 4807 249991 187493 53159 9339 151436 83073 68363 156632 28195 125418 3019 10328 10328 288824 96000 192824 813269 541000 272269 177955 106904 71051 DORM 746937 746937 MAINTENANCE & SERVICES 502538 317704 175592 9242 UTILITIES 459588 233986 214322 11280 MISCELLANEOUS EXP 270872 25158 235267 10447 693261 390667 294924 7670 15967304 10653340 5023773 290191 1394883 1690823 11604 2136626 243577 298819 815151 809399 179614 250480 26236885 9188472 17678785 17048413 4821112 6418977 866783 892309 26011509 29545846 684072 788658 621541 721502 8087334 7622538 204714 179598 714911 721158 10312572 10033454 X 9455272 9592888 1485582 3277952 4758083 6641552 15698937 19512392 26011509 29545846 X 3154570 670885 -12000 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 X 1 4821112 1001144 825177 228459 6418974 4474400 104949 497081 255318 4821112 4662912 122234 -105748 205501 4473897 3937305 142613 789728 206734 4662912 3784491 114566 437309 399061 3937305 0.01000 0.76000 0.23000 0 0 701214 22624451 6881591 16444074 2911220 2306881 604339 17048413 DUE TO FEDERAL GOVT - PERKINS LOAN FUND 646841 GIFT ANNUITIES PAYABLE 3317 INTEREST RATE SWAP LIABILITY 71000 721158 14956153 670885 386821 1057706 13898447 5223427 5223427 19121874 11142698 386821 386821 10755877 5211427 5211427 15967304 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, 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 31,312. GAIN ON INTEREST RATE SWAP RENTAL EXPENSES 355,509. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 5,211,427. LOSS ON INTEREST RATE SWAP 12,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 31,312. RENTAL EXPENSES 355,509. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 5,211,427. 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 42960 9151 33809 8315 FASHION SHOW 48353 27441 20912 22997 91313 36592 54721 31312 31312 23409 1 SPECIFIC ASSISTANCE -SEOG 160 110702 SCHOLARSHIPS & ASSISTANCE 430 5100725 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 0 0 18231 0 203231 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 0.00000 0.00000 0.00000 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 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 PART II LINE 3-A NET PREMIUM $73,321 PART II LINE 3-B ORIGINAL ISSUE DISCOUNT $4,659, PREMIUM $212,591 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 47 33809 NET SALES PRICE X 20912 NET SALES PRICE X 32 146180 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. 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 -12,000.