2025-02-04T07:35:38-06:00 2024-06-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2023-07-01 261765514 Alfond Scholarship Foundation ALFO 2073478638 482 Congress Street Suite 303 Portland ME 04101 Colleen Quint President/CEO 2073478638 2025-02-01 1 1 Maria Happnie CPA P01793776 2077753496 2025-01-31 2023 2025-03-06 01:10:19Z Colleen Quint 482 Congress Street Suite 303 Portland ME 04101 7161628 0 X www.myalfondgrant.org X 2007 ME The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education. 17 17 3 0 0 0 7242635 7161628 0 0 0 0 0 0 7242635 7161628 5905500 5639500 0 0 289207 333136 0 0 0 1183982 1325458 7378689 7298094 -136054 -136466 1758855 1677903 1490901 1546415 267954 131488 The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education. 0 0 6910379 5639500 The ASF is responsible for oversight, promotion, and financial support of the Harold Alfond College Challenge program (also known as the My Alfond Grant Program). 6910379 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X Colleen Quint 2073478638 482 Congress St Suite 303 Portland ME 04101 Steve DeCastro Director 1.00 X 0 0 0 Steve Akin Chair 2.00 X X 0 0 0 Scott B Bullock Vice Chair 2.00 X X 0 0 0 Christina Cuthbert Director 1.00 X 0 0 0 Anne Swift-Kayatta Director 1.00 X 0 0 0 Pender Makin Director 1.00 X 0 0 0 Amanda Vamvakias Rand Director 1.00 X 0 0 0 J Duke Albanese Treasurer 2.00 X X 0 0 0 Jennifer Alfond Seeman Director 1.00 X 0 0 0 Dannel Malloy Director 1.00 X 0 0 0 Kim Lipp Director 1.00 X 0 0 0 Dave Daigler Director 1.00 X 0 0 0 Carlos Mello Director 1.00 X 0 0 0 Deborah Ellwood Director 1.00 X 0 0 0 Guy Langevin Director 1.00 X 0 0 0 Lindsay Gifford Skilling Director 1.00 X 0 0 0 Colleen Quint President/CEO 40.00 X 166000 0 17426 166000 0 17426 1 0 1 0 0 7161628 7161628 7161628 0 0 0 5639500 5639500 166000 166000 97018 97018 50357 50357 19761 19761 10782 10782 8535 8535 336190 336190 8822 8822 12571 12571 MCOP 380381 380381 Quarterly Communication 300150 300150 Special Projects 217665 217665 Monthly Communications 21083 21083 29279 15410 13869 7298094 6910379 387715 0 259731 236541 1499100 1441332 24 30 9595 9595 0 0 1758855 1677903 38901 130415 1452000 1416000 1490901 1546415 X 105231 84026 162723 47462 267954 131488 1758855 1677903 -136466 0 X X 0 1 X 1 0 X X X 6 Finance Authority of Maine 010392006 6 1 336190 0 Educate Maine 203559947 7 1 0 0 University of Maine System 016000769 6 1 0 0 Maine Community College System 010416015 6 1 0 0 Maine Community Foundation 010391479 8 1 0 0 Sen George J Mitchell Research Foundation 010523390 8 1 0 0 6 336190 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9595 9595 0 0 X 7161628 0 7161628 0 7161628 7298094 0 7298094 0 7298094 Part X, Line 2: Management of the Foundation believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits. 1 Harold Alfond College Challenge "NextGen" Section 529 plan grant administered by the Finance Authority of Maine (FAME). 11279 5639500 Part I, Line 2: The Alfond Scholarship Foundation is responsible for oversight, promotion, and financial support of the Harold Alfond College Challenge program. The Harold Alfond College Challenge is a new program that will provide a $500 grant to every Maine baby to start a college investing account and help Maine families plan for a child's college education. This $500 grant is for Maine babies born on or after January 1, 2009. Every Maine resident baby is eligible. The Foundation has a contractual arrangement with the Finance Authority of Maine (FAME) for which FAME will accept, invest and manage the scholarship funds as Section 529 plans. As accounts of participating children become eligible, FAME will disburse the account funds for eligible qualified higher education expenses. X 0 0 0 0 0 0 0 0 0 Colleen Quint President/CEO 166000 0 0 0 0 0 4980 0 12446 0 183426 0 0 0 Form 990, Part VI, Section B, line 11b The President/CEO and Finance Manager are part of the 990 preparation process and review in final form before filing with the IRS. Form 990, Part VI, Section B, line 12c All officers and directors of the Foundation are required to sign a disclosure annually after receiving a copy of the conflict of interest policy. Form 990, Part VI, Section B, line 15 The President/CEO is reviewed by the Board Chair and Vice Chair. Officers do not receive compensation. Form 990, Part VI, Section C, line 19 The Organization provides copies upon request. Form 990, Part XII, Line 2c: This process has not changed from the prior year.