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
2022-12-01
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
$52,365,869
2022
Total expenses
$66,170,535
2022
Total assets
$660,555,891
2022
Num. employees
55
2022

Program areas at Maine Community Foundation

Grantmaking. The Maine Community Foundation provides donors with many ways to strengthen Maine communities, including supporting individual nonprofits, scholarships, county funds, specific issues or changing needs. In 2022, the foundation provided over $54 million in grants supporting charitable organizations to address a number of issues including the environment, community economic development, racial equity, housing and food insecurity, education, health and wellbeing, and arts and culture.(Continued on Schedule O)The $54 million in grants paid in 2022 included more than $2.6 million in scholarships awarded to over 1200 recipients for professional development, and undergraduate and graduate studies. It also included $1.5 million in grants 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. It also included the community leadership grants of $371 thousand to improve the quality of life for Maine people through partnerships with donors, nonprofits, institutions, and other community members to address the barriers that prevent Maine people from fully engaging in, and contributing to, Maine communities and the Maine economy.

Grants made by Maine Community Foundation

GranteeGrant descriptionAmount
Maine Farmland TrustFarmland Preservation$4,821,650
Maine Coast Heritage Trust (MCHT)Environment$3,395,925
Fidelity Investments Charitable Gift FundPhilanthropy, Voluntarism & Grantmaking Foundations$2,102,420
...and 867 more grants made totalling $45,934,098

Who funds Maine Community Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Broad Reach FoundationQualified Charitable Purposes$12,000,000
The Mimi FoundationGeneral Operating Support$4,872,500
The PD Merrill Charitable TrustGeneral Support$1,276,173
...and 105 more grants received totalling $26,684,199

Personnel at Maine Community Foundation

NameTitleCompensation
Deborah EllwoodPresident , Chief Executive Officer$171,577
Sterling SpeirnPresident and Chief Executive Officer and$82,707
Brendon ReayVice President for Investment and Chief Investment Officer$151,537
Michele CamarcoVice President , Chief Financial Officer$180,419
Jennifer SouthardVice President , Donor Services and Operations / Vice President , Donor Service and Operations / Vice President , Donor Services and Gift Planningphilanthro / Vice President , Donor Services and Gift Planning / Vice President , Donor Service and Gift Planning$157,306
...and 28 more key personnel

Financials for Maine Community Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$39,153,234
Program services$1,126,365
Investment income and dividends$2,464,178
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$9,622,092
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$52,365,869

Form 990s for Maine Community Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-11-02990View PDF
2020-122021-11-03990View PDF
2019-122021-03-02990View PDF
2018-122020-01-31990View PDF
...and 9 more Form 990s
Data update history
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
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $282,682 from Salem Foundation
February 3, 2024
Received grants
Identified 23 new grant, including a grant for $12,000,000 from Broad Reach Foundation
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
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
2024-11-06
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