Maine Community Foundation Inc
86% goes to programs $5 to raise $100 Strong reserves Growing revenue
Maine Community Foundation Inc is a 501(c)(3) organization based in Ellsworth, Maine, registered in 1984, with $138,801,505 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
245 Main St, Ellsworth, ME, 04605 EIN 01-0391479 Since 1984
Revenue (FY2024)
$138.8M
▲ 27.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$82.3M
Net assets
$652.2M
Employees
60
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Maine Community Foundation Inc: 86% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating95 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Maine Community Foundation Inc: 95 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Maine Community Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Maine Community Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To bring people and resources together to build a better maine.
What they do
Community leadership. to improve the quality of life for maine people, mainecf partners with donors, nonprofits, institutions, and other community members to address the barriers that prevent maine people from fully engaging in, and contributing to, maine communities and the maine economy. mainecf's strategic goals focus on five core areas with potential to address this challenge. the five goals include: - young children have a strong start - adult learners have access to complete a degree or certificate program - all people of color have access to opportunities and are not (see schedule o for a continuation)limited by race or ethnicity - older people in maine are valued and able to thrive - entrepreneurs and innovators in maine have the opportunity to bring their big ideas to life
Contact & location
- Address
- 245 Main St, Ellsworth, ME, 04605
- City
- Ellsworth
- State
- Maine
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $48.3M (FY2013) to $138.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $155.3MNet assets $652.2M
Operating margin
40.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$807.6M
Total liabilities
$155.3M
Net assets
$652.2M
Salaries & benefits
$7.1M
9% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $138,801,505▲27.7% | $82,278,801▲13.8% | $652,248,588▲12.3% | $807,558,442▲10.3% | 990 |
| 2023 | $108,670,378▲108% | $72,289,614▲9.2% | $580,987,325▲9.7% | $732,240,535▲10.9% | 990 |
| 2022 | $52,365,869▼46.6% | $66,170,535▲21.1% | $529,399,438▼17.2% | $660,555,891▼14.8% | 990 |
| 2021 | $98,048,575▲67.6% | $54,618,819▲3.9% | $639,221,327▲17.1% | $775,677,002▲15.8% | 990 |
| 2020 | $58,485,060▲39.7% | $52,568,495▲19.0% | $546,008,573▲16.1% | $669,883,900▲15.0% | 990 |
| 2019 | $41,862,877▼30.7% | $44,188,042▲5.4% | $470,159,800▲12.0% | $582,360,771▲13.0% | 990 |
| 2018 | $60,385,854▼8.9% | $41,937,720▲16.8% | $419,754,180▼3.1% | $515,385,286▼3.2% | 990 |
| 2017 | $66,291,435▲41.1% | $35,913,386▼2.3% | $433,059,783▲19.7% | $532,553,445▲18.1% | 990 |
| 2016 | $46,966,653▼14.1% | $36,769,513▼2.5% | $361,666,421▲6.7% | $450,940,051▲7.7% | 990 |
| 2015 | $54,700,210▲22.3% | $37,707,058▲39.7% | $338,955,057▲0.5% | $418,885,483▲3.9% | 990 |
| 2014 | $44,725,097▼7.5% | $26,986,473▲19.4% | $337,380,145▲6.9% | $403,278,326▲7.7% | 990 |
| 2013 | $48,347,448 | $22,594,290▲15.7% | $315,558,376▲20.8% | $374,459,885▲20.6% | 990 |
| 2012 | — | $19,536,023▼5.2% | $261,121,706▲11.2% | $310,592,870▲12.3% | 990 |
| 2011 | — | $20,610,492▲19.7% | $234,768,952▲6.4% | $276,573,364▲7.3% | 990 |
| 2010 | — | $17,223,333 | $220,708,567 | $257,641,596 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Deborah Ellwood — $333,904 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Deborah Ellwood | President/ceo/ex Officio | 50 | $333,904 |
| Brendon Reay | Treasurer/vp, Cfo/cio | 50 | $232,603 |
| Bree Arsenault | Vp, Philanthropy | 50 | $188,559 |
| Michele Camarco | Treasurer/vp, Cfo (end 10/2024) | 50 | $188,011 |
| Rebecca Yturregui | Vp, Donor Engagement | 50 | $171,904 |
| Laura Lee | Vp, Community Impact | 50 | $164,950 |
| Elena Sulima | Director of Finance | 37.5 | $130,158 |
| Matthew Grondin | Director of Communications/marketing | 37.5 | $127,693 |
| Jennifer Richard | Clerk; Director of Gift Planning | 37.5 | $122,163 |
| Liana Kingsbury | Director of Non-profit Agency Funds | 37.5 | $120,211 |
| Colby Tucker | Director of Information Technology | 37.5 | $116,077 |
| Laura Reed | Director, Resources/cmnty Engagement | 37.5 | $111,692 |
| Emily Baer | Secretary/asst. To Pres. (end 5/24) | 37.5 | $32,768 |
| Adilah Muhammad | Chair/director | 5 | — |
| Alistair Raymond | Director (start 6/2024) | 1 | — |
| Amber Lambke | Director | 1 | — |
| Benjamin Sprague | Vice Chair/director | 1 | — |
| Brian Bernatchez | Director | 1 | — |
| Brooke Parish | Director | 1 | — |
| Claude Rwaganje | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Monticello Associates | Investment Consulting | $406,250 |
| Foundation Partners LLC | System Implementation Consultant | $361,674 |
| Harpswell 10 Inc | Research Consultant | $255,000 |
Grants received · $16.0M total
102 grants to Maine Community Foundation Inc totaling $16.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Dechomai Foundation Inc | Unrestricted | 2024 | $277,247 |
| Greater Washington Community Foundation | General support | 2024 | $50,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $20,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $20,000 |
| American Online Giving Foundation Inc | General support | 2024 | $11,469 |
| Rockefeller Philanthropy Advisors Inc | Community improvement & capacity building | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $6,300 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Trust For Public Land | Grants | 2023 | $355,455 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $304,282 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $164,600 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $154,250 |
| Arizona Community Foundation | General support | 2023 | $150,000 |
| Ecmc Foundation | General support | 2023 | $100,000 |
Grants made · $57.6M in FY2024
1,161 grants totaling $57.6M in FY2024 — showing the 15 largest. All grants made by Maine Community Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Farmland Trust Inc | Farmland preservation | $2,487,900 |
| Northeastern University | Education | $1,733,145 |
| Fidelity Investments Charitable Gift Fund | Philanthropy | $801,573 |
| First Nations Development Institute | Research | $600,000 |
| Nature Conservancy | Environment | $558,590 |
| Wabanaki Public Health and Wellness Npc | Human services, transportation, building repairs | $554,000 |
| Maine Audubon Society | Environment, professional development | $546,055 |
| Sustainable Markets Foundation | Natural resources conservation & protection | $536,000 |
| Senator George J Mitchell Scholarship Research Institute | Education | $522,030 |
| Opera House Arts | Performing arts | $520,500 |
| Bigelow Laboratory For Ocean Sciences | Marine science & oceanography | $519,560 |
| The Bement School Inc | Education | $398,947 |
| Earthjustice | Wildlife preservation & protection | $395,000 |
| Maine Public Broadcasting Corporation | Television, environment | $387,995 |
| Northern Forest Center Inc | Forest conservation | $387,750 |
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Frequently asked questions
- Is Maine Community Foundation Inc a legitimate nonprofit?
- Yes. Maine Community Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0391479, based in Ellsworth, Maine. Donations are tax-deductible.
- What is Maine Community Foundation Inc's EIN?
- Maine Community Foundation Inc's Employer Identification Number (EIN) is 01-0391479.
- How much revenue does Maine Community Foundation Inc report?
- Maine Community Foundation Inc reported $138,801,505 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Maine Community Foundation Inc's spending goes to programs?
- Maine Community Foundation Inc spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Maine Community Foundation Inc have?
- CharityIndex grades Maine Community Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Maine Community Foundation Inc's highest-paid employee make?
- The highest reported compensation on Maine Community Foundation Inc's latest Form 990 is $333,904, paid to Deborah Ellwood (President/ceo/ex Officio).
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Data for Maine Community Foundation Inc (EIN 01-0391479) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.