Nonprofit · EIN 01-0378758
MAINE COLLEGE OF ART
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $38,594,119 | $29,733,021 | $8,861,098 | $76,106,186 | $29,919,886 | $46,186,300 |
| June 30, 2024 | 990 | $29,795,926 | $28,239,876 | $1,556,050 | $49,942,890 | $14,132,040 | $35,810,850 |
| June 30, 2023 | 990 | $26,110,572 | $25,843,831 | $266,741 | $47,873,713 | $15,230,047 | $32,643,666 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,967,383
- of which government grants
- $204,638
- Program service revenue
- $25,607,833
- Investment income
- $1,003,883
- Net rental income
- -$49,783
- Net gain from sales of assets
- $254,962
- Net income from fundraising events
- $52,058
- Other revenue
- $15,020
Expenses
- Grants and similar amounts paid
- $8,719,622
- Compensation of officers, directors and key employees
- $972,065
- Other salaries and wages
- $7,771,458
- Salaries, compensation and benefits (total)
- $10,651,955
- Professional fundraising fees
- $118,434
- Legal fees
- $48,564
- Accounting fees
- $83,943
- Occupancy
- $393,262
- Travel
- $292,789
- Depreciation
- $1,407,986
- Program services (functional)
- $23,019,340
- Management and general (functional)
- $5,788,653
- Fundraising (functional)
- $925,028
Balance sheet and other
- Total assets, start of year
- $49,942,890
- Total assets, end of year
- $76,106,186
- Total liabilities, end of year
- $29,919,886
- Net assets, end of year
- $46,186,300
- Land, buildings and equipment
- $16,989,385
- Publicly traded securities
- $20,537,757
- Net assets without donor restrictions
- $13,583,425
- Net assets with donor restrictions
- $32,602,875
- Gross receipts
- $39,812,738
- Employees
- 367
- Volunteers
- 24
- Year formed
- 1882
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA FREID | PRESIDENT Officer | 40 | $451,239 | $18,174 |
| ELIZABETH ELICKER | EXECUTIVE VP Officer | 40 | $229,690 | $18,075 |
| IAN ANDERSON | VP ACADEMIC AFFAIRS & DEAN Officer | 40 | $158,111 | $23,338 |
| LAURA RETHEFORD | VP OF DEVELOPMENT Officer | 40 | $133,025 | $16,669 |
| JENNIFER CAMPANARO | DIRECTOR OF ADMISSIONS Highest-paid employee | 40 | $107,017 | $21,290 |
| HOLLY HIGGINS | DIRECTOR OF BUSINESS SERVICES Highest-paid employee | 40 | $108,062 | $11,229 |
| SETH CLAYTER | DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $101,610 | $5,181 |
| KATHRYN YATES | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DIANE GATHWAITE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DEBORAH H DLUHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEREDITH KOERNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN A ROGERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNY SCHEU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ABIGAIL WARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN BAILIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BOYSON | DIRECTOR Trustee or director | 2 | $0 |
| CHARLES PERRY BUTTERFIELD | DIRECTOR Trustee or director | 2 | $0 |
| JORDAN CAREY | DIRECTOR Trustee or director | 2 | $0 |
| JEANA CHO | DIRECTOR Trustee or director | 2 | $0 |
| JENNIE COYNE | DIRECTOR Trustee or director | 2 | $0 |
| STACEY DIETSCH | DIRECTOR Trustee or director | 2 | $0 |
| KEREM DURDAG | DIRECTOR Trustee or director | 2 | $0 |
| EDWARD FRIEDMAN | DIRECTOR Trustee or director | 2 | $0 |
| KATHRYN KNIGHT-WISE | DIRECTOR Trustee or director | 2 | $0 |
| SUSAN LAMBE | DIRECTOR Trustee or director | 2 | $0 |
| ROBERTA MARCH | DIRECTOR Trustee or director | 2 | $0 |
| MARIANNA PIERCE | DIRECTOR Trustee or director | 2 | $0 |
| DAMIEN SACCANI | DIRECTOR Trustee or director | 2 | $0 |
| GIMBALA SANKARE | DIRECTOR Trustee or director | 2 | $0 |
| KRISTIN VALDMANIS | DIRECTOR Trustee or director | 2 | $0 |
| BRIT VITALIUS | DIRECTOR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA FRIED | PRESIDENT Officer | 40 | $433,305 | $17,462 |
| BETH ELICKER | EXECUTIVE VP Officer | 40 | $223,000 | $17,740 |
| IAN ANDERSON | VP ACADEMIC AFFAIRS & DEAN Officer | 40 | $155,088 | $23,186 |
| LAURA RETHERFORD | VP DEVELOPMENT Officer | 40 | $125,400 | $17,241 |
| HOLLY HIGGINS | DIRECTOR OF BUSINESS SERVICES Highest-paid employee | 40 | $103,993 | $11,643 |
| KATHRYN YATES | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DIANE GATHWAITE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DEBORAH H DLUHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEREDITH KOERNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN A ROGERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNY SCHEU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ABIGAIL WARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAN BAILIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL BOYSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JORDAN CAREY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIE COYNE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEREM DURDAG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD FRIEDMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHRYN KNIGHT-WISE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBERTA MARCH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIANNA PIERCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAMIEN SACCANI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GIMBALA SANKARE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTIN VALDMANIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIT VITALIUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA FREID | PRESIDENT Officer | 40 | $410,963 | $16,239 |
| ELIZABETH ELICKER | EXECUTIVE VP Officer | 40 | $200,000 | $20,060 |
| IAN ANDERSON | VP ACADEMIC AFFAIRS & DEAN Officer | 40 | $144,061 | $21,735 |
| KATHRYN YATES | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DIANE GATHWAITE | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DAN BAILIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JORDAN CAREY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNIE COYNE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBORAH H DLUHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEREM DURDAG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| EDWARD FRIEDMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| REZA JALALI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHRYN KNIGHT-WISE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEREDITH KOERNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN A ROGERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAMIEN SACCANI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNY SCHEU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUSAN SCHRAFT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KRISTIN VALDMANIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIT VITALIUS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ABIGAIL WARK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN WILK | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 522 CONGRESS ST, PORTLAND, ME 04101-3378
- Principal officer (990 for 2024)
- ELIZABETH ELICKER, 522 CONGRESS STREET, PORTLAND, ME 04101
- Signed the 990
- ELIZABETH ELICKER, EXECUTIVE VP
- Phone
- (207) 699-5045
- Website
- WWW.MECA.EDU
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
THE COLLEGE'S MISSION IS TO PROVIDE EDUCATION IN FINE ARTS
Program accomplishments
- INSTRUCTION - PRIMARY MISSION. THE COLLEGE IS A PRIVATE INSTITUTION OFFERING BACHELOR AND MASTER OF FINE ARTS DEGREE PROGRAMS TO APPROXIMATELY 400 FULL-TIME STUDENTS CONCENTRATING IN THE FINE ARTS, A MASTER OF ART IN TEACHING PROGRAM, AS WELL AS A WIDE RANGE OF CONTINUING STUDIES CLASSES FOR INDIVIDUALS OF ALL AGES AND A PUBLICLY ACCESSIBLE GALLERY, THE INSTITUTE OF CONTEMPORARY ART.Expenses $23,019,340 · grants $8,719,622 · revenue $25,607,833
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0378758
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $76,106,186
- Income (IRS master file)
- $39,812,738
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $38,594,119 | $29,733,021 | $76,106,186 | XML |
| 990 | June 2024 | $29,795,926 | $28,239,876 | $49,942,890 | XML |
| 990 | June 2023 | $26,110,572 | $25,843,831 | $47,873,713 | XML |
| 990 | June 2022 | $29,282,337 | $24,932,922 | $42,121,529 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0378758).
Questions about MAINE COLLEGE OF ART
- What is the EIN of MAINE COLLEGE OF ART?
- The employer identification number (EIN) of MAINE COLLEGE OF ART is 01-0378758.
- Is MAINE COLLEGE OF ART tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to MAINE COLLEGE OF ART tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINE COLLEGE OF ART file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAINE COLLEGE OF ART due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE COLLEGE OF ART last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAINE COLLEGE OF ART?
- The 990 for the year ended June 30, 2025 names ELIZABETH ELICKER.
- Who are the officers and directors of MAINE COLLEGE OF ART?
- The 990 for the year ended June 30, 2025 lists 31 people; 7 received compensation from the organization, the highest $451,239 (LAURA FREID, PRESIDENT).
- How much revenue does MAINE COLLEGE OF ART have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $38,594,119, expenses of $29,733,021 and total assets of $76,106,186 at year end.
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