2024-03-08T09:07:40-00:00 2023-06-30 043383155 RHR Smith & Company 3 Old Orchard Rd Buxton ME 04093 990 2022-07-01 237211934 Foundation of the University at Presque Isle FOUN 2077689525 181 Main Street Presque Isle ME 04769 Martin Puckett President 2077689525 2024-03-08 true Martin Puckett XXX-XX-XXXX true Ronald Smith P01481996 2079294606 2024-03-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Martin Puckett 37 Barton Street Presque Isle ME 04769 321494 false X X 1972 ME To provide scholarship funds for students. 26 26 0 0 91457 132133 0 239018 189061 300 330475 321494 221916 127193 0 0 0 0 58653 99189 280569 226382 49906 95112 6616510 7104897 0 6616510 7104897 The Foundations mission is to manage endowment funds and to provide scholarship funds. false false 226382 127193 105623 Providing scholarship funds 226382 true false false false false true false false false true false false false false false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false X 26 26 false false false false false false false true true false false true false false false false false false X Deborah Roark 2077689525 181 Main Street Presque Isle ME 04769 X Martin Puckett President 000.25 X X 0 0 0 Donald Wayne Cassidy Jr Vice President 000.25 X X 0 0 0 Brian Sipe Secretary 000.25 X X 0 0 0 Clint Deschene Executive Member 000.25 X 0 0 0 Llori Keirstead Executive Member 000.25 X 0 0 0 Jennifer Paradis Executive Member 000.25 X 0 0 0 Brett Varnum Executive Member 000.25 X 0 0 0 David Watson Executive Member 000.25 X 0 0 0 Rayle Ainsworth Member 000.25 X 0 0 0 Melissa Buck Member 000.25 X 0 0 0 Ruth Ann Cowger Member 000.25 X 0 0 0 Mike Kelley Jr Member 000.25 X 0 0 0 Jacqui Lowman Member 000.25 X 0 0 0 Sean Nordenhall Member 000.25 X 0 0 0 Kendra Overlock Member 000.25 X 0 0 0 Mandy Pooler Member 000.25 X 0 0 0 Jay Reynolds Member 000.25 X 0 0 0 Stacy Shaw Member 000.25 X 0 0 0 Bryan Thompson Member 000.25 X 0 0 0 Brad Wolverton Member 000.25 X 0 0 0 Nick Baser Member 000.25 X 0 0 0 Clara Collins Member 000.25 X 0 0 0 Roberta Griffiths Member 000.25 X 0 0 0 Darlene Higgins Member 000.25 X 0 0 0 Lehrle Kieffer Member 000.25 X 0 0 0 Rick Nadeau Member 000.25 X X 0 0 0 Deborah Roark Treasurer 000.25 X 0 0 0 false false false 132133 132133 154746 94135 60611 34315 34315 34315 300 300 300 321494 94435 60611 0 127193 127193 0 0 0 0 0 0 0 0 0 0 9075 9075 0 43435 43435 0 0 0 0 0 0 0 0 0 0 0 0 300 300 46379 46379 226382 226382 0 0 7115 9451 157924 219716 6451471 6875730 6616510 7104897 0 0 X 173098 125125 6443412 6979772 6616510 7104897 6616510 7104897 95112 393275 X false true X true false X 66984 119430 57312 91457 132133 467316 66984 119430 57312 91457 132133 467316 467316 151768 141274 119897 145842 154746 713527 1180843 307181 0.39570 0.67910 X 78 119515 117068 5740233 true true false 5337682 107320 460336 117068 5186 42851 5740233 6054264 73031 -617358 124997 6629 40629 5337682 5002141 43875 1166628 121104 37276 6054264 4944416 26843 169495 93218 7111 38284 5002141 4832645 58158 185798 93400 8113 30672 4944416 1.00000 false false Financial derivatives and other financial products Closely-held equity interests Federal income taxes X 714769 393275 393275 321494 321494 226382 226382 226382 V 4 Endowment funds are used to provide scholarships. X 2 The Foundation is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Foundation and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the years ended June 30, 2023. Accordingly, no provision for income taxes has been made. The Foundation files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Foundation is generally no longer subject to examination by the Internal Revenue Service for years before 2020. false Scholarships 127193 Form 990, Part VI, Section A, Line 1a The Foundation has active members, ex-officio members, and honorary members that are elected at the annual meeting and serve for three years. At the annual meeting, active members vote on the nine members of the Executive Board to serve for one year until the next annual meeting. The Executive Board is vested with all the powers of the corporation itself and has broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b The full Board reviews the tax return prior to the return being filed. Form 990, Part VI, Section C, Line 19 Documents are available upon request.