EIN 01-0391479

Maine Community Foundation

IRS 501(c) type
501(c)(3)
Num. employees
55
City
Ellsworth
State
Year formed
1983
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Community foundations have served donors and strengthened their special places for more than 100 years. Maine Community Foundation is younger at 33, but in that time has sent more than $270 million in grants and scholarships to projects and students, primarily in Maine. We have more than 1,600 funds and $427 million in assets. In 2015, the foundation awarded $25.5 million in grants and scholarships. MaineCF is a statewide nonprofit that helps people invest charitable resources in the future of Maine. Their giving does good within their communities and often throughout the state.
Total revenues
$108,670,378
2023
Total expenses
$72,289,614
2023
Total assets
$732,240,535
2023
Num. employees
55
2023

Program areas at Maine Community Foundation

Grantmaking. Maine Community Foundation (MaineCF, the Foundation) envisions a Maine that is a vibrant and equitable place where people and communities thrive. MaineCF strives to achieve this vision throughout all of its programs and services. MaineCF partners with donors to accomplish their philanthropic goals in Maine by connecting them and their resources to opportunities in nonprofits, investments, and partnerships that strive to build a better Maine. The Foundation also works with nonprofit organizations, communities, and government and private sector leaders to address the significant issues that are important to people in Maine. (Continued on Schedule O)Specifically, MaineCF holds more than 450 donor advised funds, 700+ scholarships, nearly 300 funds invested on behalf of nonprofits, and 19 competitive grant programs all with the goal of meeting our vision of a vibrant and equitable Maine.In 2023, the Foundation provided more than $58 million in grants supporting organizations to address several charitable initiatives including, but not limited to, climate, housing, economic opportunity, and equity. The $58 million in grants awarded in 2023 includes $3 million in scholarships awarded to over 1,300 recipients for professional development, and undergraduate and graduate studies. It also included 200 grants totaling $1.67 million from the Maine Community Foundation Community Building program, which engages communities across Maine to provide resources to nonprofits from the Foundation's endowed county funds. Furthermore, grants given directly from donor advised funds through MaineCF's Giving Together program added 72 more grants and $533,263 to MaineCF's largest single competitive grant program.

Grants made by Maine Community Foundation

GranteeGrant descriptionAmount
Maine Farmland TrustFarmland Preservation$4,698,820
Maine Medical Education TrustMedical Disciplines$916,246
First Nations Development InstituteResearch Institutes & Public Policy Analysis$600,000
...and 891 more grants made totalling $49,707,718

Who funds Maine Community Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Mimi FoundationGeneral Operating Support$4,872,500
Broad Reach FoundationTo Support Work With Charitable Organizations.$2,000,000
The PD Merrill Charitable TrustGeneral Support$1,276,173
...and 118 more grants received totalling $17,094,228

Personnel at Maine Community Foundation

NameTitleCompensation
Deborah EllwoodPresident and Chief Executive Officer$303,244
Sterling SpeirnPresident and Chief Executive Officer and$82,707
Brendon ReayVice President for Investment and Chief Investment Officer$199,671
Michele CamarcoVice President , Chief Financial Officer$202,322
Laura K. LeeVice President of Community Impact$126,404
...and 30 more key personnel

Financials for Maine Community Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$50,992,416
Program services$1,141,200
Investment income and dividends$5,418,571
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$51,118,191
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$108,670,378

Form 990s for Maine Community Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-04990View PDF
2022-122023-11-03990View PDF
2021-122022-11-02990View PDF
2020-122021-11-03990View PDF
2019-122021-03-02990View PDF
...and 10 more Form 990s

Organizations like Maine Community Foundation

OrganizationLocationRevenue
San Antonio Area FoundationSan Antonio, TX$67,776,278
The Rhode Island FoundationProvidence, RI$87,701,485
The Boston Foundation (TBF)Boston, MA$161,296,905
Arkansas Community FoundationLittle Rock, AR$94,928,038
Philadelphia Foundation (PF)Philadelphia, PA$57,345,521
The Community FoundationRichmond, VA$119,331,194
Arizona Community FoundationPhoenix, AZ$122,702,351
New Hampshire Charitable FoundationConcord, NH$93,727,028
The Pittsburgh FoundationPittsburgh, PA$80,275,888
Coastal Community FoundationN Charleston, SC$58,989,034
Data update history
January 5, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 4, 2025
Used new vendors
Identified 1 new vendor, including
November 24, 2024
Received grants
Identified 19 new grant, including a grant for $250,000 from The K2 Family Foundation
September 21, 2024
Updated personnel
Identified 14 new personnel
August 25, 2024
Received grants
Identified 35 new grant, including a grant for $4,872,500 from The Mimi Foundation
Nonprofit Types
Grantmaking organizationsCommunity foundationsHeadquarter / parent organizationsCharities
Issues
EducationCommunity improvement
Characteristics
Operates donor advised fundsProvides grantsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
245 Main St
Ellsworth, ME 04605
County
Hancock County, ME
Website URL
mainecf.org/ 
Phone
(207) 667-9735
Facebook page
mainecf 
Twitter profile
@mainecf 
IRS details
EIN
01-0391479
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0282753
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-01-15
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