University of Maine Foundation
University of Maine Foundation reported $60.4 million in revenue and $31.1 million in expenses for calendar year 2024. Of every $100 it spent, $78.20 went to program services, $8.51 to management and general costs and $13.29 to fundraising. Its largest source of revenue was contributions and grants: 79.6% of the total. The highest compensation it reported for one person was $430,469 (President/CEO). 13 people received more than $100,000 in reportable compensation. Revenue rose 102% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $31MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $60M- Contributions & grants (non-government)$79.53 $48M
- Program service revenue$6.46 $3.9M
- Investment income$14.01 $8.5M
Other revenue was negative: −$21,007. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 13.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 79.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $430,469 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.39% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 13 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 172.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseGifts and endowment income distributed for scholarships and general support for the benefit of the University of Maine
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President/CEO Officer, 40.00 hrs/week | $398,629 | $0 | $31,840 | $430,469 |
| Vice President & CFO Officer, 40.00 hrs/week | $205,850 | $0 | $74,323 | $280,173 |
| VP & Foundation General Counsel Highest compensated employee, 40.00 hrs/week | $183,145 | $0 | $48,428 | $231,573 |
| Senior Director of Philanthropy Highest compensated employee, 40.00 hrs/week | $166,288 | $0 | $46,903 | $213,191 |
| Senior Director of Philanthropy Highest compensated employee, 40.00 hrs/week | $178,175 | $0 | $31,851 | $210,026 |
| Senior Director of Philanthropy Highest compensated employee, 40.00 hrs/week | $158,737 | $0 | $29,189 | $187,926 |
| Sr. Dir. of Annual Giving, Marketing, & Eve Highest compensated employee, 40.00 hrs/week | $144,251 | $0 | $43,250 | $187,501 |
13 people received more than $100,000 in reportable compensation from University of Maine Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $711K (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 548
- Volunteers Part I, line 650
Private foundation grants it received
43 private foundations reported grants to University of Maine Foundation totaling $6.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Maine Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Maine Foundation, you can publish a response that is linked from this page.
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Of every $100 University of Maine Foundation spent in 2024, $78.20 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Quincy University CorporationQuincy, IL · revenue $60M · programs 89.4% · FY2025
- St Thomas Aquinas CollegeSparkill, NY · revenue $60M · programs 89.7% · FY2025
- Navajo Technical UniversityCrownpoint, NM · revenue $60M · programs 77.0% · FY2025
- Montclair Kimberley Academy FoundationMontclair, NJ · revenue $60M · programs 81.9% · FY2025
- Dominican University New YorkOrangeburg, NY · revenue $60M · programs 87.5% · FY2025
Questions people ask
How much of University of Maine Foundation's spending goes to programs?
In calendar year 2024, University of Maine Foundation reported that 78.2% of its $31.1 million in expenses went to program services, 8.5% to management and general and 13.3% to fundraising (Form 990, Part IX).
How much does University of Maine Foundation pay its top executive?
The largest total compensation University of Maine Foundation reported for one person in calendar year 2024 was $430,469, for the role of President/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Maine Foundation get its money?
Of $60.4 million in revenue in calendar year 2024, 79.6% came from contributions and grants and 6.5% from program service revenue (Form 990, Part VIII).
Is University of Maine Foundation a registered charity?
The IRS lists EIN 01-6011501 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349305811 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413179349304766 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349301037 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202243199349308259 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241309349303844 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349301993 · read the filing
All filings for EIN 01-6011501: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.