EIN 04-3350930

University of Southern Maine Foundation

IRS 501(c) type
501(c)(3)
Num. employees
29
State
Year formed
1996
Most recent tax filings
2023-06-01
Description
USM Foundation supports the University's mission by managing resources, transferring scholarship funds, and receiving donations to enhance opportunities.
Total revenues
$9,872,134
2023
Total expenses
$8,194,087
2023
Total assets
$57,792,646
2023
Num. employees
29
2023

Program areas at University of Southern Maine Foundation

Closed the Great University Campaign, having raised $50 million for construction of the new McGoldrick Center for Career & Student Success and the in-progress Crewe Center for the Arts, and for the University's programs and student scholarships. Solicited and received donations to endow the AVANGRID David Flanagan Endowed Professorship and the Goldworth/Philbrick Endowed Scholarship for Nursing, and to establish the AVANGRID David Flanagan Memorial Endowed Scholarship in Sustainability. Continued to invest endowments prudently and responsibly in order to provide income for scholarships, professorships, staff development and operations, which all benefit the University of Southern Maine

Grants made by University of Southern Maine Foundation

GranteeGrant descriptionAmount
University of Maine SystemUsm Programs & Capital Projects$4,204,520
University of Maine SystemEndowment Income Gifted To Usm$1,000,935
Usm Osher Map Library FoundationOsher Map Library Collection$0

Who funds University of Southern Maine Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$319,615
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$319,615
The Bob Crewe Foundation A / K / A Crewe FoundationOperating Support$300,000
...and 25 more grants received totalling $1,891,245

Personnel at University of Southern Maine Foundation

NameTitleCompensation
Ainsley Newman WallacePresident and Chief Executive Officer$172,726
Ainsley BrowneExec Assistant To the President and Vice President
Corey HascallVice President$131,386
Erin MacEyExecutive Director$111,928
Erin CavallaroDirector of Advancement Operations
...and 14 more key personnel

Financials for University of Southern Maine Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$6,684,810
Program services$2,159,870
Investment income and dividends$1,027,454
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,872,134

Form 990s for University of Southern Maine Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-08990View PDF
2022-062022-11-22990View PDF
2021-062022-11-22990View PDF
2021-062021-11-30990View PDF
2020-062022-11-22990View PDF
...and 11 more Form 990s
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 1, 2024
Received grants
Identified 9 new grant, including a grant for $158,590 from Maine Community Foundation
October 25, 2023
Received grants
Identified 21 new grant, including a grant for $300,000 from The Bob Crewe Foundation A / K / A Crewe Foundation
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 5, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsLobbyingState / local levelEndowed supportTax deductible donations
General information
Address
PO Box 9300
Portland, ME 04104
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
usm.maine.edu/foundation/ 
Phone
(207) 780-4708
IRS details
EIN
04-3350930
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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