2026-03-12T18:56:38-05:00 2025-06-30 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2024-07-01 010378758 MAINE COLLEGE OF ART AND DESIGN MAIN 2076995045 522 CONGRESS STREET PORTLAND ME 04101 ELIZABETH ELICKER EXECUTIVE VP 2076995045 2026-01-19 1 1 PATRICK NICHOLAS CPA P00289567 2077745701 2026-01-19 2024 2025-03-06 01:10:19Z ELIZABETH ELICKER 522 CONGRESS STREET PORTLAND ME 04101 39812738 0 X WWW.MECA.EDU X 1882 ME THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS. 24 24 367 24 0 0 3902479 11967383 24967861 25607833 916646 1003883 8940 15020 29795926 38594119 8356368 8719622 0 0 10424765 10651955 114732 118434 925028 9344011 10243010 28239876 29733021 1556050 8861098 49942890 76106186 14132040 29919886 35810850 46186300 THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS 0 0 23019340 8719622 25607833 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 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. 23019340 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 1 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 1 183 0 1 367 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X ELIZABETH ELICKER VP 2076995045 522 CONGRESS STREET PORTLAND ME 04101 KATHRYN YATES CHAIR 2.00 X X 0 0 0 DIANE GATHWAITE VICE CHAIR 2.00 X X 0 0 0 DEBORAH H DLUHY DIRECTOR 2.00 X 0 0 0 MEREDITH KOERNER DIRECTOR 2.00 X 0 0 0 SUSAN A ROGERS DIRECTOR 2.00 X 0 0 0 JENNY SCHEU DIRECTOR 2.00 X 0 0 0 ABIGAIL WARK DIRECTOR 2.00 X 0 0 0 DAN BAILIN DIRECTOR 2.00 X 0 0 0 MICHAEL BOYSON DIRECTOR 2.00 X 0 0 0 CHARLES PERRY BUTTERFIELD DIRECTOR 2.00 X 0 0 0 JORDAN CAREY DIRECTOR 2.00 X 0 0 0 JEANA CHO DIRECTOR 2.00 X 0 0 0 JENNIE COYNE DIRECTOR 2.00 X 0 0 0 STACEY DIETSCH DIRECTOR 2.00 X 0 0 0 KEREM DURDAG DIRECTOR 2.00 X 0 0 0 EDWARD FRIEDMAN DIRECTOR 2.00 X 0 0 0 KATHRYN KNIGHT-WISE DIRECTOR 2.00 X 0 0 0 SUSAN LAMBE DIRECTOR 2.00 X 0 0 0 ROBERTA MARCH DIRECTOR 2.00 X 0 0 0 MARIANNA PIERCE DIRECTOR 2.00 X 0 0 0 DAMIEN SACCANI DIRECTOR 2.00 X 0 0 0 GIMBALA SANKARE DIRECTOR 2.00 X 0 0 0 KRISTIN VALDMANIS DIRECTOR 2.00 X 0 0 0 BRIT VITALIUS DIRECTOR 2.00 X X 0 0 0 LAURA FREID PRESIDENT 40.00 X 451239 0 18174 ELIZABETH ELICKER EXECUTIVE VP 40.00 X 229690 0 18075 IAN ANDERSON VP ACADEMIC AFFAIRS & DEAN 40.00 X 158111 0 23338 LAURA RETHEFORD VP OF DEVELOPMENT 40.00 X 133025 0 16669 HOLLY HIGGINS DIRECTOR OF BUSINESS SERVICES 40.00 X 108062 0 11229 JENNIFER CAMPANARO DIRECTOR OF ADMISSIONS 40.00 X 107017 0 21290 SETH CLAYTER DIRECTOR OF TECHNOLOGY 40.00 X 101610 0 5181 1288754 0 113956 7 0 1 0 SODEXO LLC PO BOX 360170 PITTSBURGH PA 15251 FOOD & SERVICE PROVIDER 1276602 ENCOURA LLC 75 REMITTANCE DRIVE DEPT 1020 CHICAGO IL 60675 SEARCH ENGINE MARKETING 322440 WRIGHT-RYAN CONSTRUCTION INC 10 DANFORTH STREET PORTLAND ME 04101 CONSTRUCTION 316739 FIRST PROTECTION SERVICES INC PO BOX 7209 SCARBOROUGH ME 04070 SECURITY 261175 PINE STATE ELEVATOR 230 ANDERSON STREET PORTLAND ME 04101 CONSTRUCTION & REPAIRS 162963 5 61385 204638 11701360 1646253 11967383 TUITION AND FEES 611600 20062446 20062446 ROOM AND BOARD FEES 611600 5545387 5545387 25607833 748921 748921 597830 647613 -49783 -49783 -49783 793821 538859 254962 254962 254962 84205 61385 32147 52058 52058 12745 12745 12745 38594119 25607833 0 1018903 8719622 8719622 972065 613421 358644 7771458 5832433 1719121 219904 326799 140524 186275 929833 620252 248055 61526 651800 434838 173833 43129 48564 48564 83943 83943 118434 118434 46295 46295 47246 47246 435105 270445 131728 32932 29917 8379 19272 2266 551511 211025 318737 21749 393262 276368 116894 292789 74599 218190 29898 29898 114858 67938 46920 1407986 911915 496071 373685 230334 143351 DORM & DINING 3550856 3550856 MAINTENANCE & SERVICES 977087 543262 412134 21691 UTILITIES 506142 299936 195896 10310 SUPPLIES 407963 348436 56551 2976 945903 478178 436258 31467 29733021 23019340 5788653 925028 5883181 6157886 2143636 9258033 314949 552510 688664 780678 34053882 17064497 17249313 16989385 17820913 20537757 5842234 21829937 49942890 76106186 1670583 1785693 1139976 1055543 5318837 4711181 1034134 922916 4968510 21444553 14132040 29919886 X 14191513 13583425 21619337 32602875 35810850 46186300 49942890 76106186 X 8861098 1557412 -43060 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 17656671 1149560 2255852 747529 20314554 15489822 642928 2183436 659515 17656671 13869758 1124447 1539243 1043626 15489822 15412452 1181681 -2227867 496508 13869758 9833954 3039143 2998207 458852 15412452 0.01000 0.99000 0.00000 0 0 837604 837604 29502017 15154079 14347938 1001521 751777 249744 2712740 1158641 1554099 16989385 BOND ESCROW FUNDS 845032 RIGHT-OF-USE ASSETS - LEASES 20982965 INTEREST RATE SWAP ASSET 1940 21829937 LEASE OBLIGATION 21444553 21444553 32068609 1557412 636700 2194112 29874497 8719622 8719622 38594119 21693159 679760 679760 21013399 8719622 8719622 29733021 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, 2025. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 32,147. RENTAL EXPENSES 647,613. LOSS ON INTEREST RATE SWAP -43,060. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 8,719,622. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 32,147. RENTAL EXPENSES 647,613. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/SCHOLARSHIPS 8,719,622. 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 WORK STUDY PROGRAM (FWS), FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) AND PELL PROGRAM. THESE FUNDS ALLOW THE COLLEGE TO HELP STUDENTS TO FINANCE THE COST OF THEIR EDUCATION. X X X X X X X 1 CAPITAL CAMPAIGN PRO PO BOX 686 WESTFIELD NJ 07097 FEASIBILITY STUDY SERVICES 0 0 71400 -71400 WHELAN LLC CAITLIN ELIZABETH PO BOX 2389 SOUTH PORTLAND ME 04116 FEASIBILITY STUDY SERVICES 0 0 6200 -6200 PROSPECT RESEARCH & DEVELOPMENT STRATEGIES 173 WASHINGTON STREET FREEPORT PA 16229 FEASIBILITY STUDY SERVICES 0 0 5000 -5000 82600 -82600 ART AUCTION AND SALE 97075 20500 76575 17048 FASHION SHOW 41635 40885 750 13852 1 6880 0 6880 1247 145590 61385 84205 32147 32147 52058 1 SCHOLARSHIPS & ASSISTANCE 641 8719622 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 1 1 X X X X 0 0 0 0 0 0 0 0 0 LAURA FREID PRESIDENT 451239 0 0 0 0 0 17250 0 924 0 469413 0 0 0 ELIZABETH ELICKER EXECUTIVE VP 229690 0 0 0 0 0 11485 0 6590 0 247765 0 0 0 IAN ANDERSON VP ACADEMIC AFFAIRS & DEAN 158111 0 0 0 0 0 7906 0 15432 0 181449 0 0 0 A MHHEFA SERIES 2016A 010314384 56042REW8 2016-06-28 73764920 REFUNDED MHHEFA SERIES 2006F BONDS ISSUED 9/7/06 0 0 1 B MHHEFA SERIES 2018 MCA 010314384 NONEAVAIL 2018-09-26 2850000 NEW MONEY 0 0 0 C MHHEFA SERIES 2021A 010314384 2021-05-19 2695000 REFUND SERIES 2010B & 2011 0 0 1 A 575000 1859472 137850 22747 1937955 2016 1 0 1 1 B 963911 2202511 59458 2143053 2019 0 0 0 1 C 1125000 3197410 492625 3174492 49684 28400 2021 1 0 1 1 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART III, LINE 9 AND PART IV, LINE 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 HAS DEVELOPED AND ESTABLISHED ITS OWN WRITTEN PROCEDURES. X 93 83455 NET SALES PRICE X 750 NET SALES PRICE X 32 1562049 QUOTED PRICE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE BOARD CHAIR, FINANCE COMMITTEE, AND MANAGEMENT REVIEW THE 990 PRIOR TO SUBMISSION. THE 990 IS MADE AVAILABLE TO ALL BOARD OF TRUSTEES AFTER THE FILING. 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 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 THE EMPLOYMENT CONTRACT. THE PRESIDENT DETERMINES THE COMPENSATION FOR THE OFFICERS OF THE COLLEGE. THE PRESIDENT 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 -43,060.