Nonprofit · EIN 27-1363414
THE FOUNDATION FOR MAINE COMMUNITY COLLEGES
Also known as MCCS FOUNDATION
Tax-exempt · AUGUSTA, ME 04330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $980,979 | $3,691,939 | -$2,710,960 | $6,163,766 | $618,341 | $5,545,425 |
| June 30, 2024 | 990 | $1,379,321 | $6,927,329 | -$5,548,008 | $9,433,902 | $1,628,137 | $7,805,765 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $474,314
- of which government grants
- $28,260
- Program service revenue
- $384,787
- Investment income
- $121,878
- Net gain from sales of assets
- $12,201
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,190,039
- Compensation of officers, directors and key employees
- $190,360
- Other salaries and wages
- $135,433
- Salaries, compensation and benefits (total)
- $400,013
- Professional fundraising fees
- $0
- Legal fees
- $4,779
- Accounting fees
- $19,970
- Travel
- $2,923
- Program services (functional)
- $3,190,039
- Management and general (functional)
- $254,566
- Fundraising (functional)
- $247,334
Balance sheet and other
- Total assets, start of year
- $9,433,902
- Total assets, end of year
- $6,163,766
- Total liabilities, end of year
- $618,341
- Net assets, end of year
- $5,545,425
- Publicly traded securities
- $1,839,107
- Net assets without donor restrictions
- $2,136,878
- Net assets with donor restrictions
- $3,408,547
- Gross receipts
- $980,979
- Employees
- 3
- Volunteers
- 10
- Year formed
- 2009
- 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 |
|---|---|---|---|---|
| Dr John Fitzsimmons | President Trustee or director, Officer | 40 | $149,263 | $10,376 |
| Hon John R McKernan Jr | Chair Trustee or director, Officer | 8 | $0 | $0 |
| Lisa M Gorman | Vice Chair Trustee or director, Officer | 7 | $0 | $0 |
| Hon Daniel E Wathen | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Lawrence A Wold | Treasurer Trustee or director, Officer | 6 | $0 | $0 |
| Scott Ballard | Director Trustee or director | 5 | $0 | $0 |
| David Daigler | Director Trustee or director | 5 | $0 | $0 |
| Tony DiSotto | Director Trustee or director | 5 | $0 | $0 |
| Robert Montgomery-Rice | Director Trustee or director | 5 | $0 | $0 |
| Joseph Purington | Director Trustee or director | 5 | $0 | $0 |
| Elaine D Rosen | Director Trustee or director | 7 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr John Fitzsimmons | President Trustee or director, Officer | 30 | $119,395 | $30,728 |
| Hon John R McKernan Jr | Chair Trustee or director, Officer | 8 | $0 | $0 |
| Lisa M Gorman | Vice Chair Trustee or director, Officer | 7 | $0 | $0 |
| Hon Daniel E Wathen | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Lawrence A Wold | Treasurer Trustee or director, Officer | 6 | $0 | $0 |
| Scott Ballard | Director Trustee or director | 5 | $0 | $0 |
| David Daigler | Director Trustee or director | 5 | $0 | $0 |
| Tony DiSotto | Director Trustee or director | 5 | $0 | $0 |
| Robert Montgomery-Rice | Director Trustee or director | 5 | $0 | $0 |
| Joseph Purington | Director Trustee or director | 5 | $0 | $0 |
| Elaine D Rosen | Director Trustee or director | 7 | $0 | $0 |
| Carol Epstein | Past Director Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 323 STATE ST, AUGUSTA, ME 04330-7149
- In care of
- % ELIZABETH SHORR
- Principal officer (990 for 2024)
- Dr John Fitzsimmons, 54 Lighthouse Circle, South Portland, ME 04106
- Signed the 990
- Dr John Fitzsimmons, President
- Phone
- (207) 321-6153
- Website
- www.maineccfoundation.org
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
The Foundation for Maine's Community Colleges is dedicated to ensuring that the State's seven community colleges have the resources they need to provide a high quality, affordable, and accessible college education for Maine people.
Program accomplishments
- The Foundation for Maine's Community Colleges supported the Maine Community College System and its seven colleges (the System) by: -Developing sustainable sources of philanthropic funds for the System;-Advancing the public purpose of the System; and-Supporting the System's top priorities of student success and workforce development.Expenses $3,190,039 · grants $3,190,039 · revenue $384,787
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
- 27-1363414
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $6,163,766
- Income (IRS master file)
- $980,979
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $980,979 | $3,691,939 | $6,163,766 | XML |
| 990 | June 2024 | $1,379,321 | $6,927,329 | $9,433,902 | XML |
| 990 | June 2023 | $1,406,703 | $8,256,473 | $14,060,481 | IRS |
| 990 | June 2022 | $16,834,487 | $3,942,310 | $20,354,624 | 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 27-1363414).
Questions about THE FOUNDATION FOR MAINE COMMUNITY COLLEGES
- What is the EIN of THE FOUNDATION FOR MAINE COMMUNITY COLLEGES?
- The employer identification number (EIN) of THE FOUNDATION FOR MAINE COMMUNITY COLLEGES is 27-1363414.
- Is THE FOUNDATION FOR MAINE COMMUNITY COLLEGES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to THE FOUNDATION FOR MAINE COMMUNITY COLLEGES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FOUNDATION FOR MAINE COMMUNITY COLLEGES 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 THE FOUNDATION FOR MAINE COMMUNITY COLLEGES 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 THE FOUNDATION FOR MAINE COMMUNITY COLLEGES 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 THE FOUNDATION FOR MAINE COMMUNITY COLLEGES?
- The 990 for the year ended June 30, 2025 names Dr John Fitzsimmons.
- Who are the officers and directors of THE FOUNDATION FOR MAINE COMMUNITY COLLEGES?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $149,263 (Dr John Fitzsimmons, President).
- How much revenue does THE FOUNDATION FOR MAINE COMMUNITY COLLEGES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $980,979, expenses of $3,691,939 and total assets of $6,163,766 at year end.
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