Nonprofit · EIN 01-0537569
MAINE CHILDRENS SCHOLARSHIP FUND
Tax-exempt · BANGOR, ME 04402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $43,796 | $153,418 | -$109,622 | $1,671,149 | $0 | $1,671,149 |
| August 31, 2024 | 990 | $72,109 | $166,161 | -$94,052 | $1,666,380 | $0 | $1,666,380 |
| August 31, 2023 | 990 | $27,277 | $163,330 | -$136,053 | $1,550,774 | $0 | $1,550,774 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $739
- Program service revenue
- $0
- Investment income
- $43,057
- Net gain from sales of assets
- $23,232
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $87,694
- Compensation of officers, directors and key employees
- $20,272
- Other salaries and wages
- $20,272
- Salaries, compensation and benefits (total)
- $43,702
- Professional fundraising fees
- $0
- Accounting fees
- $2,921
- Depreciation
- $1,099
- Program services (functional)
- $152,434
- Management and general (functional)
- $492
- Fundraising (functional)
- $492
Balance sheet and other
- Total assets, start of year
- $1,666,380
- Total assets, end of year
- $1,671,149
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,671,149
- Land, buildings and equipment
- $1,093
- Publicly traded securities
- $1,640,145
- Net assets without donor restrictions
- $1,671,149
- Gross receipts
- $285,221
- Employees
- 1
- Year formed
- 2000
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE PICARD | PROGRAM DIRE Officer | 40 | $20,272 |
| BETSY CHAPMAN | PRESIDENT Trustee or director, Officer | 10 | $0 |
| KATHY DOWLING | TREASURER Trustee or director, Officer | 10 | $0 |
| HELEN CROWLEY | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended August 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE PICARD | PROGRAM DIRE Officer | 25 | $19,488 |
| BETSY CHAPMAN | PRESIDENT Trustee or director, Officer | 10 | $0 |
| KATHY DOWLING | TREASURER Trustee or director, Officer | 10 | $0 |
| HELEN CROWLEY | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE PICARD | PROGRAM DIRE Officer | 25 | $24,231 |
| BETSY CHAPMAN | PRESIDENT Trustee or director, Officer | 10 | $0 |
| KATHY DOWLING | TREASURER Trustee or director, Officer | 10 | $0 |
| HELEN CROWLEY | SECRETARY Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 913, BANGOR, ME 04402-0913
- Principal officer (990 for 2024)
- CHRISTINE PICARD, PO BOX 513, UNITY, ME 04988
- Signed the 990
- BETSY CHAPMAN, PRESIDENT
- Phone
- (207) 948-5321
- Website
- WWW.MECSF.ORG
- Return prepared by
- FREEMAN & ASSOCIATES CPAS
Mission
MCSF MISSION IS TO INCREASE THE EDUCATIONAL OPPORTUNITIES AND INCREASE THE PARENTAL INVOLVEMENT FOR THE CHILDERN OF LOW INCOME FAMILIES.
Program accomplishments
- THE MCSF ACCOMPLISHMENTS FOR THE YEAR WAS TO PROVIDE TUITION TO STUDENTS THAT MET OUR INCOME GUIDELINES AND WERE CHOSEN IN A RANDOM SELECTION.Expenses $152,434 · grants $87,694
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 01-0537569
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $1,671,149
- Income (IRS master file)
- $285,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $43,796 | $153,418 | $1,671,149 | XML |
| 990 | August 2024 | $72,109 | $166,161 | $1,666,380 | XML |
| 990 | August 2023 | $27,277 | $163,330 | $1,550,774 | XML |
| 990 | August 2022 | $110,331 | $181,323 | $1,514,842 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | 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 01-0537569).
Questions about MAINE CHILDRENS SCHOLARSHIP FUND
- What is the EIN of MAINE CHILDRENS SCHOLARSHIP FUND?
- The employer identification number (EIN) of MAINE CHILDRENS SCHOLARSHIP FUND is 01-0537569.
- Is MAINE CHILDRENS SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MAINE CHILDRENS SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINE CHILDRENS SCHOLARSHIP FUND 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 CHILDRENS SCHOLARSHIP FUND due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE CHILDRENS SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of MAINE CHILDRENS SCHOLARSHIP FUND?
- The 990 for the year ended August 31, 2025 names CHRISTINE PICARD.
- Who are the officers and directors of MAINE CHILDRENS SCHOLARSHIP FUND?
- The 990 for the year ended August 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $20,272 (CHRISTINE PICARD, PROGRAM DIRE).
- How much revenue does MAINE CHILDRENS SCHOLARSHIP FUND have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $43,796, expenses of $153,418 and total assets of $1,671,149 at year end.
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