UNIVERSITY OF MAINE FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MAINE FOUNDATION (EIN 01-6011501)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-12
- IRS object ID
- 201400439349300430
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-12T09:44:03-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 010523282 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berry Dunn McNeil & Parker LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1100 | AddressLine1 |
| City | Portland | City |
| State | ME | State |
| ZIP Code | 041041100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 016011501 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | University of Maine Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 2075815100 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Two Alumni Place | AddressLine1 |
| City | Orono | City |
| State | ME | State |
| ZIP Code | 044695792 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JEFFERY MILLS | Name |
| Title | President/CEO | Title |
| Phone | 2075815100 | Phone |
| Date Signed | 2014-02-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Barbara J McGuan CPA | Name |
| PTIN | P00219457 | PTIN |
| Phone | 2077752387 | Phone |
| Date Prepared | 2014-02-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Jeffery Mills | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Two Alumni Place | AddressLine1 |
| City | Orono | City |
| State | ME | State |
| ZIP Code | 044695792 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 119640888 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.umainefoundation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1934 | YearFormation |
| State Legal Domicile | ME | StateLegalDomicile |
| Activity Or Mission Description | Fundraising and endowment management for the benefit of the University of Maine | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 12 | TotalNbrEmployees |
| Total Nbr Volunteers | 50 | TotalNbrVolunteers |
| Total Gross UBI | -63316 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -63316 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 12359605 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7816126 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4472785 | InvestmentIncomePriorYear |
| Investment Income Current Year | 10446605 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 755734 | OtherRevenuePriorYear |
| Other Revenue Current Year | 281411 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 17588124 | TotalRevenuePriorYear |
| Total Revenue Current Year | 18544142 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 7025572 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 5481167 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1400624 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1221222 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 867146 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1823609 | OtherExpensePriorYear |
| Other Expenses Current Year | 1717646 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10249805 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8420035 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 7338319 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 10124107 | RevenuesLessExpensesCY |
| Total Assets BOY | 179729532 | TotalAssetsBOY |
| Total Assets EOY | 193458626 | TotalAssetsEOY |
| Total Liabilities BOY | 6673488 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6324752 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 173056044 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 187133874 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The Foundation, acting as a separate organization works with all entities to encourage philanthropic support by growing the endowment through planned/deferred giving for the University of Maine and other charitable organizations while carrying out donor's wishes in perpetuity. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5785764 | Expense |
| Grants | 5388031 | Grants |
| Description | Gifts and endowment income distributed for scholarships and general support for the benefit of the University of Maine | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 359902 | Expense |
| Description | Distributions to trust, gift annuity and pooled income fund participants | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 113136 | Expense |
| Grants | 93136 | Grants |
| Description | Distributions of gifts and endowment income to other qualified charities | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 6258802 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 1 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 108 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 12 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Name Of Foreign Country | EI | NameOfForeignCountry |
| Name Of Foreign Country | IO | NameOfForeignCountry |
| Name Of Foreign Country | OC | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jeffery Mills | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2075815100 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Two Alumni Place | AddressLine1 |
| City | Orono | City |
| State | ME | State |
| ZIP Code | 04469 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| David Austin | |||||||
| Vice Chair | 1.00 | X | X | 0 | 0 | 0 | |
| Darryl Brown | |||||||
| Chair | 1.00 | X | X | 0 | 0 | 0 | |
| Stephen Coutts | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| Patricia Dunn | |||||||
| Secretary | 1.00 | X | X | 0 | 0 | 0 | |
| Carroll Lee | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| Donna Mundy | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| Gregg Piasio | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| John Simpson | |||||||
| Treasurer | 1.00 | X | X | 0 | 0 | 0 | |
| Ellen Stinson | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| Amos Orcutt | |||||||
| President & CEO | 40.00 | X | 236576 | 0 | 33503 | ||
| Jeffery Mills | |||||||
| President & CEO | 40.00 | X | 110242 | 0 | 32561 | ||
| Kevin Frazier | |||||||
| CFO | 40.00 | X | 106349 | 0 | 33127 | ||
| Sarah McPartland-Good | |||||||
| Director of Planned Giving | 40.00 | 119084 | 0 | 32860 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 572251 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 132051 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Morgan Stanley Smith Barney | |||||
| 100 Middle Street 3rd Floor East To | Portland | ME | 04101 | Investment Consultant | 199053 |
| Cambridge Associates LLC | |||||
| 125 High Street | Boston | MA | 021102112 | Investment Consultant | 191621 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 7816126 | AllOtherContributions |
| Noncash Contributions | 1024175 | NoncashContributions |
| Total Contributions | 7816126 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3804662 | TotalRevenueColumn |
| Unrelated Business Revenue | -63316 | UnrelatedBusinessRevenue |
| Exclusion | $3,867,978 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 107710783 | Securities |
| Other | 27906 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 101027679 | Securities |
| Other | 69067 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6683104 | Securities |
| Other | -41161 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6641943 | TotalRevenueColumn |
| Exclusion | $6,641,943 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other Revenue | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 281411 | TotalRevenueColumn |
| Exclusion | $281,411 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 281411 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18544142 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -63316 | UnrelatedBusinessRevenue |
| Exclusion | $10,791,332 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5481167 | Total |
| Program Services | 5481167 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 552358 | Total |
| Program Services | 131079 | ProgramServices |
| Management And General | 163044 | ManagementAndGeneral |
| Fundraising | 258235 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 445568 | Total |
| Program Services | 105737 | ProgramServices |
| Management And General | 131522 | ManagementAndGeneral |
| Fundraising | 208309 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39122 | Total |
| Program Services | 9284 | ProgramServices |
| Management And General | 11548 | ManagementAndGeneral |
| Fundraising | 18290 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117909 | Total |
| Program Services | 27981 | ProgramServices |
| Management And General | 34804 | ManagementAndGeneral |
| Fundraising | 55124 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66265 | Total |
| Program Services | 15725 | ProgramServices |
| Management And General | 19560 | ManagementAndGeneral |
| Fundraising | 30980 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11220 | Total |
| Management And General | 11220 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16050 | Total |
| Management And General | 16050 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 640737 | Total |
| Management And General | 640737 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6410 | Total |
| Program Services | 1521 | ProgramServices |
| Management And General | 1892 | ManagementAndGeneral |
| Fundraising | 2997 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70966 | Total |
| Program Services | 16841 | ProgramServices |
| Management And General | 20947 | ManagementAndGeneral |
| Fundraising | 33178 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68501 | Total |
| Program Services | 16256 | ProgramServices |
| Management And General | 20220 | ManagementAndGeneral |
| Fundraising | 32025 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205173 | Total |
| Program Services | 27331 | ProgramServices |
| Management And General | 123999 | ManagementAndGeneral |
| Fundraising | 53843 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39534 | Total |
| Program Services | 9382 | ProgramServices |
| Management And General | 11669 | ManagementAndGeneral |
| Fundraising | 18483 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13027 | Total |
| Program Services | 3091 | ProgramServices |
| Management And General | 3845 | ManagementAndGeneral |
| Fundraising | 6091 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1510 | Total |
| Program Services | 1510 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48963 | Total |
| Program Services | 11619 | ProgramServices |
| Management And General | 14453 | ManagementAndGeneral |
| Fundraising | 22891 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18546 | Total |
| Program Services | 4401 | ProgramServices |
| Management And General | 5474 | ManagementAndGeneral |
| Fundraising | 8671 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| Life Income Participant | 359902 | 359902 | ||
| Fundraising Expenses | 86546 | 86546 | ||
| Miscellaneous | 67335 | 15975 | 31483 | 19877 |
| Equity in Buchanan Alum | 43226 | 43226 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20000 | Total |
| Program Services | 20000 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8420035 | Total |
| Program Services | 6258802 | ProgramServices |
| Management And General | 1294087 | ManagementAndGeneral |
| Fundraising | 867146 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167960 | BOY |
| EOY | 84440 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7226747 | BOY |
| EOY | 77323715 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 481965 | BOY |
| EOY | 514359 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 467973 | BOY |
| EOY | 192345 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 978674 | BOY |
| EOY | 785640 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5986837 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 140325 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6248221 | BOY |
| EOY | 5846512 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119026381 | BOY |
| EOY | 63994699 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30125043 | BOY |
| EOY | 29592233 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15006568 | BOY |
| EOY | 15124683 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179729532 | BOY |
| EOY | 193458626 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 842271 | BOY |
| EOY | 557832 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2910342 | BOY |
| EOY | 3005745 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1030492 | BOY |
| EOY | 910161 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1890383 | BOY |
| EOY | 1851014 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6673488 | BOY |
| EOY | 6324752 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4491746 | BOY |
| EOY | 6703912 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37139693 | BOY |
| EOY | 46032838 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131424605 | BOY |
| EOY | 134397124 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173056044 | BOY |
| EOY | 187133874 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179729532 | BOY |
| EOY | 193458626 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 10124107 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 3963397 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | -9674 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7748262 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5387222 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6649135 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12359605 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7816126 | CurrentTaxYear |
| Total | 39960350 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7748262 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5387222 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6649135 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 12359605 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7816126 | CurrentTaxYear |
| Total | 39960350 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 39960350 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2286866 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2117437 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2282501 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3215623 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3804662 | CurrentTaxYear |
| Total | 13707089 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 138317 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 354990 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 417739 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 755734 | CurrentTaxYearMinus1Year |
| Current Tax Year | 281411 | CurrentTaxYear |
| Total | 1948191 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 55615630 | TotalSupport |
| Public Support Pertcentage170 | 0.71850 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.60920 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2008 Amount: $ 138,317. 2009 Amount: $ 354,990. 2010 Amount: $ 417,739. 2011 Amount: $ 755,734. 2012 Amount: $ 281,411. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 1 | GrantsOtherOrganizations |
| Grants Other Organizations | $20,000 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | 0 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 20000 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 5 | NumberDAFsHeld |
| Donor Advised Contributions | 5174 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 21309 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 66271 | AggregateDAFValue |
| Disclosed Orgs Legal Control | 1 | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | 1 | DisclosedForCharitablePurposes |
Held Works Of Art Amts HeldWorksOfArtAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | 906 | RevenuesIncluded |
| Assets In Part X | 408065 | AssetsInPartX |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | See Part XIII | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 1 | SolicitedAssetsForSale |
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 148298359 | BeginningOfYearBalance |
| Contributions | 7580278 | Contributions |
| Investment Earnings Or Losses | 13645945 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4914876 | GrantsOrScholarships |
| Administrative Expenses | 1775044 | AdministrativeExpenses |
| End Of Year Balance | 162834662 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 149059863 | BeginningOfYearBalance |
| Contributions | 13992790 | Contributions |
| Investment Earnings Or Losses | -5645354 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 6838664 | GrantsOrScholarships |
| Administrative Expenses | 2270276 | AdministrativeExpenses |
| End Of Year Balance | 148298359 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 123235557 | BeginningOfYearBalance |
| Contributions | 6670997 | Contributions |
| Investment Earnings Or Losses | 25061552 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4013984 | GrantsOrScholarships |
| Administrative Expenses | 1894259 | AdministrativeExpenses |
| End Of Year Balance | 149059863 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 117506698 | BeginningOfYearBalance |
| Contributions | 5173234 | Contributions |
| Investment Earnings Or Losses | 4840322 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2573576 | GrantsOrScholarships |
| Other Expenditures | 17259 | OtherExpenditures |
| Administrative Expenses | 1693862 | AdministrativeExpenses |
| End Of Year Balance | 123235557 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 150857325 | BeginningOfYearBalance |
| Contributions | 9292305 | Contributions |
| Investment Earnings Or Losses | -33268526 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5740987 | GrantsOrScholarships |
| Other Expenditures | 1592380 | OtherExpenditures |
| Administrative Expenses | 2041039 | AdministrativeExpenses |
| End Of Year Balance | 117506698 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.03900 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.80300 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.15800 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 5756357 | InvestmentCostOrOtherBasis |
| Book Value | 5756357 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 230480 | OtherCostOrOtherBasis |
| Depreciation | 140325 | Depreciation |
| Book Value | 90155 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5846512 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 29592233 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 29592233 | TotalOfBookValueSecurities |
Other Assets OtherAssets (7 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Private Stock | 21079 |
| Maine Unemployment Depository | 6709 |
| Irrevocable Trusts | 11032292 |
| Cash Surrender Value Life Insurance | 177707 |
| Buchanan Alumni House Holdings | 3143188 |
| Artwork & Collections | 408065 |
| Other Assets | 335643 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 15124683 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Distributions Due to Life Income Beneficiaries | Description |
| Amount | $1,851,014 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1851014 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 21857128 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3963397 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 3963397 | RevenueNotRptdF990 |
| Revenue Subtotal | 17893731 | RevenueSubtotal |
| Investment Expenses Not Included | 640737 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 9674 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 650411 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 18544142 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7779298 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7779298 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 640737 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 640737 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8420035 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part III, Line 4: | The Foundation's collections are held for sale and the proceeds are used to further benefit the University of Maine. The Foundation's collections consist of various paintings, china and silver, jewelry and a Hummell collection. | |
| Part IV, Line 2b: | Custodial accounts consist of funds of other qualified charities held at the Foundation for investment administrative purposes. | |
| Part V, Line 4: | The Foundation aims to protect the purchasing power of the endowment by providing a rate of growth to keep pace with inflation and pay out an adequate amount of income to support the purpose of the endowment (scholarships, research, professorships, and other needs). | Description of Intended Use of Endowment Funds: |
| Decrease in Cash Surrender Value of Life Insurance 9,674. | Part XI, Line 4b - Other Adjustments: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|
| Europe (Including Iceland & Greenland) | Investments | 7918404 |
| Central America and the Caribbean | Investments | 26770318 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 34688722 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 34688722 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| University of Maine | |||||||
| University of Maine System | Orono | ME | 04469 | 016000769 | 501(c)(3) | 5255656 | General |
| Maine 4-H Foundation | |||||||
| 5741 Libby Hall | Orono | ME | 04469 | 016011487 | 501(c)(3) | 55102 | General |
| Town of Searsmont | |||||||
| PO Box 56 | Searsmont | ME | 04973 | 010390148 | Government | 6991 | General |
| UM Pulp & Paper Foundation | |||||||
| 217 Jenness Hall | Orono | ME | 04469 | 010237721 | 501(c)(3) | 6050 | General |
| United Methodist Church | |||||||
| PO Box 33 | Searsmont | ME | 04973 | 016013581 | 501(c)(3) | 13982 | General |
| Waldo County YMCA | |||||||
| 157 Linconville Avenue | Belfast | ME | 04915 | 010493123 | 501(c)(3) | 6250 | General |
| Maine Economic Growth Coalition | |||||||
| PO Box 550 | Orono | ME | 04473 | 010684216 | 527 | 20000 | General |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 6 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: The Foundation monitors the use of University grant funds by conducting an internal audit on a group of randomly selected funds each year. During the fiscal year audit the auditors conduct an independent review of a random group of funds. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amos Orcutt | ||||||||||||||
| President & CEO | 105725 | 0 | 17000 | 0 | 113851 | 0 | 23897 | 0 | 9606 | 0 | 270079 | 0 | 0 | 0 |
| Sarah McPartland-Good | ||||||||||||||
| Director of Planned Giving | 106169 | 0 | 9511 | 0 | 3404 | 0 | 12247 | 0 | 20613 | 0 | 151944 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 18 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 681 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Expert Opinion | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 65 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 693494 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | Yacht | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 330000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Expert Opinion | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 1 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Third Party Use: | Identifier |
| Return Reference | Part I, Line 32b: | ReturnReference |
| Explanation | The Foundation uses third parties who are professionals for the sale of non-cash contributions such as art and securities. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | The Foundation has members. | |
| Form 990, Part VI, Section A, line 7a | The Foundation is governed by membership which elects directors. | |
| Form 990, Part VI, Section A, line 7b | The Foundation is governed by membership which elects directors. | |
| Form 990, Part VI, Section B, line 11 | A draft copy of the completed form 990 is provided to the board of directors no less than two weeks before filing. | |
| Form 990, Part VI, Section B, line 12c | All new employees, members, board, and committee members complete and sign a conflict of interest disclosure statement. Any real or potential conflict is monitored and enforced in accordance with the conflict of interest policy. | |
| Form 990, Part VI, Section B, line 15 | The Chair of the board reviews revenues and expenditures and makes reccomendations for executive compensation (President/CEO) to the board of directors after it has been reviewed by the budget committee. The budget committee of the University of Maine Foundation has established the following criteria for the process and evaluation: A. Approval by independent governing board in advance, composed entirely of individuals who do not have a conflict of interest. The President/CEO is not present at meetings. B. Reliance on comparable data through compensation surveys compiled by independent firms. C. Document basis for determination in committee and board meeting minutes. Minutes reflect the terms of the transaction, date of approval, members of the governing board who were present and voted, the data used from the compensation surveys and peer institutions and how the data was obtained. The determination is summarized in a letter from the board Chair to the President/CEO of The Foundation before any compensation is paid. | |
| Form 990, Part VI, Section C, line 19 | Audited financial statement, Form 990, donor bill of rights, and The Foundation's confidentiality policy is found on our website, umainefoundation.org. A complete copy of the by-laws and conflict of interest policy are available upon request. | |
| Form 990, Part XI, line 9: | Decrease in Cash Surrender Value of Life Insurance -9,674. | Changes in Net Assets or Fund Balances: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Type Of EntityTypeOfEntity | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|
| Pooled Income Funds (2) | |||||||
| Two Alumni Place | Orono | ME | 04469 | Split Interest Trust | ME | T | 0 |
| Charitable Lead Trusts (7) | |||||||
| Two Alumni Place | Orono | ME | 04469 | Split Interest Trust | ME | T | 0 |
| Charitable Remainder Trusts (33) | |||||||
| Two Alumni Place | Orono | ME | 04469 | Split Interest Trust | ME | T | 0 |
| Charitable Perpetual Trusts (5) | |||||||
| Two Alumni Place | Orono | ME | 04469 | Split Interest Trust | ME | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Pooled Income Funds (2) | ||
| S | 63171 | Market Value |
| Charitable Lead Trusts (7) | ||
| S | 134141 | Annuity/Trust Payments |
| Charitable Remainder Trusts (33) | ||
| S | 468020 | Remainder Interest |