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University of Southern Maine Foundation
University of Southern Maine Foundation reported $14.3 million in revenue and $7.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.06 went to program services, $13.98 to management and general costs and $15.96 to fundraising. Its largest source of revenue was contributions and grants: 73.7% of the total. The highest compensation it reported for one person was $202,500 (President & CEO (Thru 9/30/24)). 3 people received more than $100,000 in reportable compensation. Revenue rose 110% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $7.4MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.1% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.0% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 16.0% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 73.7% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 14.7% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $202,500 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.75% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 3 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 95.3 | 56.6 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseContinuing to build its fundraising capacity, the USM Foundation had a record-breaking fundraising year (outside of a comprehensive campaign), having raised more than $10M in philanthropic support for USM programs, people and facilities.Highlights include completing the fundraising for the MEMIC John T. Leonard Endowed Chair in Risk Management & Insurance and adding $6M to the Promise Scholarship Endowed Fund. The Foundation hosted a stewardship event to honor and recognize members of the 1878 Legacy Society which includes individuals who are providing philanthropic support to USM through…
Highest reported compensation
FY2025 · 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 (Thru 9/30/24) Officer, 40.00 hrs/week | $164,024 | $0 | $38,476 | $202,500 |
| President & CEO Officer, 40.00 hrs/week | $160,089 | $0 | $23,555 | $183,644 |
| Executive Director Highest compensated employee, 40.00 hrs/week | $120,904 | $0 | $37,899 | $158,803 |
3 people received more than $100,000 in reportable compensation from University of Southern Maine Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $244K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b25 · 25 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 527
- Volunteers Part I, line 660
Private foundation grants it received
13 private foundations reported grants to University of Southern Maine Foundation totaling $644K 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 Southern 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 Southern Maine Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of Southern Maine Foundation spent in FY2025, $70.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- United Way of Southeastern ConnecticutGales Ferry, CT · revenue $14M · programs 89.5% · FY2025
- LSU Health Sciences Foundation in ShreveportShreveport, LA · revenue $14M · programs 72.3% · FY2025
- Hidaya FoundationSanta Clara, CA · revenue $14M · programs 94.7% · 2024
- Century Club of San DiegoLA Jolla, CA · revenue $14M · programs 96.6% · FY2025
- The Education and Science FundSanta Monica, CA · revenue $14M · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in Maine
Questions people ask
How much of University of Southern Maine Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Southern Maine Foundation reported that 70.1% of its $7.4 million in expenses went to program services, 14.0% to management and general and 16.0% to fundraising (Form 990, Part IX).
How much does University of Southern Maine Foundation pay its top executive?
The largest total compensation University of Southern Maine Foundation reported for one person in the fiscal year ending June 30, 2025 was $202,500, for the role of President & CEO (Thru 9/30/24) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Southern Maine Foundation get its money?
Of $14.3 million in revenue in the fiscal year ending June 30, 2025, 73.7% came from contributions and grants and 14.7% from program service revenue (Form 990, Part VIII).
Is University of Southern Maine Foundation a registered charity?
The IRS lists EIN 04-3350930 as a 501(c)(3) organization (organization operated for a governmental college or university), 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202522809349301652 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510379349300236 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343129349303959 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202243269349300824 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202243269349300314 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020 (amended), object 202223269349300852 · read the filing
All filings for EIN 04-3350930: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.