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Nonprofit · EIN 77-0612679

CATHOLIC FOUNDATION OF MAINE

Tax-exempt · PORTLAND, ME 04104

Financials

$3.4M$1.7M2022$2.7M$2.3M2023$5.8M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of CATHOLIC FOUNDATION OF MAINE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,823,065$2,624,718$3,198,347$45,354,955$45,649$45,309,306
June 30, 2024990$2,666,308$2,267,820$398,488$40,430,260$45,916$40,384,344
June 30, 2023990$3,417,375$1,662,962$1,754,413$37,852,248$40,078$37,812,170
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,718,240
Program service revenue
$263,630
Investment income
$2,841,195
Net gain from sales of assets
$1,511,050
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,630,738
Compensation of officers, directors and key employees
$99,989
Other salaries and wages
$230,570
Salaries, compensation and benefits (total)
$419,763
Professional fundraising fees
$0
Travel
$1,007
Program services (functional)
$1,630,738
Management and general (functional)
$617,242
Fundraising (functional)
$376,738

Balance sheet and other

Total assets, start of year
$40,430,260
Total assets, end of year
$45,354,955
Total liabilities, end of year
$45,649
Net assets, end of year
$45,309,306
Publicly traded securities
$31,818,400
Net assets without donor restrictions
$3,035,875
Net assets with donor restrictions
$42,273,431
Gross receipts
$31,986,370
Employees
6
Volunteers
7
Year formed
2003
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Scott GraffCFO & Treasurer (end 6/26/2025)
Trustee or director, Officer
1$0$189,047$7,296
John BernierCFO & Treasurer
Trustee or director, Officer
1$0$113,445$0
Kristen WellsCEO
Officer
40$99,989$0$0
Bishop James T RuggieriEx-Officio President
Trustee or director, Officer
1$0$37,899$11,242
Msgr Marc B CaronDirector
Trustee or director
1$0$38,017$0
Rick BissonDirector
Trustee or director
1$0$0$0
Lynn MistrettaDirector
Trustee or director
1$0$0$0
Aaron MorrisDirector
Trustee or director
1$0$0$0
Martha MuldoonDirector
Trustee or director
1$0$0$0
Alex SharpChairman
Trustee or director, Officer
1$0$0$0
Nick McCrumVice Chairman
Trustee or director, Officer
1$0$0$0
Lori BoulaySecretary
Trustee or director, Officer
1$0$0$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Scott GraffCFO & Treasurer
Trustee or director, Officer
1$0$184,548$20,300
Elizabeth BadgerExecutive Director (end 5/2024)
Officer
40$111,305$0$13,071
Bishop Robert Deeley JCDPresident (end 2/2024)
Trustee or director, Officer
1$0$48,519$38,784
Msgr Marc B CaronDirector
Trustee or director
1$0$36,725$26,100
Bishop James RuggieriPresident (start 2/2024)
Trustee or director, Officer
1$0$0$0
Rick BissonDirector (end 9/2023)
Trustee or director
1$0$0$0
Laurie DowneyDirector
Trustee or director
1$0$0$0
Lynn MistrettaDirector (end 9/2023)
Trustee or director
1$0$0$0
Aaron MorrisDirector
Trustee or director
1$0$0$0
Martha MuldoonDirector
Trustee or director
1$0$0$0
Alex SharpChairman
Trustee or director, Officer
1$0$0$0
Nick McCrumVice Chairman
Trustee or director, Officer
1$0$0$0
Lori BoulaySecretary
Trustee or director, Officer
1$0$0$0
Kristen WellsExecutive Director (start 5/2024)
Officer
40$0$0$0
990 for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Scott GraffCFO & Treasurer
Trustee or director, Officer
1$0$177,872$19,566
Elizabeth BadgerExecutive Director
Officer
40$0$107,398$12,956
Bishop Robert Deeley JCDPresident
Trustee or director, Officer
1$0$46,962$38,497
Msgr Marc B CaronDirector
Trustee or director
1$0$37,386$23,203
Lori BoulayDirector
Trustee or director
1$0$0$0
MaryEllen FitzGeraldDirector (end 9/2022)
Trustee or director
1$0$0$0
Michael MalloyDirector (end 6/2023)
Trustee or director
1$0$0$0
Aaron MorrisDirector
Trustee or director
1$0$0$0
Martha MuldoonDirector
Trustee or director
1$0$0$0
Anthony ManhartChairman
Trustee or director, Officer
1$0$0$0
Nick McCrumSecretary
Trustee or director, Officer
1$0$0$0
Alex SharpVice Chairman
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 11559, PORTLAND, ME 04104-7559
Principal officer (990 for 2024)
Bishop James Ruggieri, PO Box 799, Portland, ME 04104
Signed the 990
John Bernier, CFO & Treasurer
Phone
(207) 773-6471
Return prepared by
Baker Newman & Noyes

Mission

The Catholic Foundation of Maine offers opportunities to charitably invest through donations or gifts to endowments.

990 for the year ended June 30, 2025

Program accomplishments

  • The Catholic Foundation of Maine maintains and administers endowments for the benefit of parishes, clergy, students, education, ministries, and organizations. New ministry program endowment funds during the filing period include: the Cross School IMO Wendi S. Leavitt fund; the Lisa Eid Scholarship Endowment; the Fr. John R. Skehan Endowment for St. Michael School tuition fund; the St. Mary of the Isles, Isleboro, Endowment; and the Fr. Arthur J. Dub-Emma J. Rossignol Child Care Endowment.
    Expenses $1,630,738 · grants $1,630,738 · revenue $263,630

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
77-0612679
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
2005
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$45,354,955
Income (IRS master file)
$31,986,370

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,823,065$2,624,718$45,354,955IRS
990June 2024$2,666,308$2,267,820$40,430,260IRS
990June 2023$3,417,375$1,662,962$37,852,248XML
990June 2022$2,739,012$1,622,186$32,450,592IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 77-0612679).

Questions about CATHOLIC FOUNDATION OF MAINE

What is the EIN of CATHOLIC FOUNDATION OF MAINE?
The employer identification number (EIN) of CATHOLIC FOUNDATION OF MAINE is 77-0612679.
Is CATHOLIC FOUNDATION OF MAINE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to CATHOLIC FOUNDATION OF MAINE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CATHOLIC FOUNDATION OF MAINE 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 CATHOLIC FOUNDATION OF MAINE 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 CATHOLIC FOUNDATION OF MAINE 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 CATHOLIC FOUNDATION OF MAINE?
The 990 for the year ended June 30, 2025 names Bishop James Ruggieri.
Who are the officers and directors of CATHOLIC FOUNDATION OF MAINE?
The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization.
How much revenue does CATHOLIC FOUNDATION OF MAINE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,823,065, expenses of $2,624,718 and total assets of $45,354,955 at year end.

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