Cause IQ organization profile

Melmac Education Foundation

Form 990s | Financials | Vendors | Personnel | Peers

Melmac Education Foundation is a organizations supporting multiple school based in Augusta, ME that was founded in 1983. As of 2019 they had $3.1 million in revenue and $40 million in assets.

Melmac Education Foundation makes grants to other organizations, such as $174,267 to The College Board for "Psat Grant"; $135,000 to Jobs for Maine's Graduates (JMG) for "Jmg/melmac Partnership"; $91,482 to Generation Maine for "Aspire Gorham"; $50,000 to Educate Maine for "Educate Maine Grant"; and $40,000 to Midwest Assoc Student Financial Aid Administrators for "Mssi Grant".

EIN:

01-0390854

City:

Augusta

State:

Maine

Website:

melmacfoundation.org

Founded:

1983

Type:

501(c)(3)

NTEE:

B12: Organizations supporting multiple schools and educational institutions

Revenue:

$3,191,639

Assets:

$40,295,722

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Melmac Education Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 13, 2020	990PF	View PDF
2017-12	Nov 15, 2018	990PF	View PDF
2016-12	Oct 17, 2017	990PF	View PDF
2015-12	Dec 9, 2016	990PF	View PDF
2014-12	Aug 19, 2015	990PF	View PDF
...and three more Form 990 PDFs

Financials for Melmac Education Foundation

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Investment income and dividends	$1,674,344	$1,298,236	29.0%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$1,516,963	$2,281,521	-33.5%
Gross sales of inventory	$0	$0
Miscellaneous revenues	$332	$622	-46.6%
Total revenues	$3,191,639	$3,580,379	-10.9%

Field	2018	2017	% Change
Compensation of current officers, etc.	$120,495	$115,861	4.0%
Non-officer salaries and wages	$50,734	$50,234	1.0%
Pension/retirement accruals and contributions	$54,403	$52,057	4.5%
Legal fees	$0	$0
Accounting fees	$11,380	$9,623	18.3%
Other fee-for-service	$306,557	$502,412	-39.0%
Interest	$0	$0
Depreciation, amortization, etc.	$2,569	$2,569
Occupancy	$21,600	$21,722	-0.6%
Travel	$144,785	$188,458	-23.2%
Office expenses
Grants to all govts., orgs., and individuals	$1,664,936	$1,727,796	-3.6%
All other expenses	$116,734	$55,798	109.2%
Total expenses	$2,494,193	$2,726,530	-8.5%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$100	$100
Savings, short-term investments, etc.	$59,724	$131,658	-54.6%
Accounts receivable	$0	$1,173	-100%
Pledges and grants receivable	$0	$1,173	-100%
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$53,234	$3,467	1435.4%
Investments in government obligations	$0	$0
Investments in corporate stock	$34,127,908	$33,396,555	2.2%
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$0	$0
Buildings, equipment, etc. post-depreciation	$4,390	$6,959	-36.9%
Other assets	$6,050,366	$11,869,592	-49.0%
Total assets	$40,295,722	$45,409,504	-11.3%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$52,441	$79,970	-34.4%
Grants payable	$10,250	$7,000	46.4%
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$60,504	$118,696	-49.0%
Total liabilities	$123,195	$205,666	-40.1%

Field	2018	2017	% Change
Unrestricted net assets	$40,172,527	$45,203,838	-11.1%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Melmac Education Foundation

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-06-15
█████████ ████████	Software		2019-09-05
███ █ ████████ ███	Tax accounting		2018-09-11
███ ███	Program Consult	$245,444	2017-12-01

Personnel at Melmac Education Foundation

Name	Title	Compensation	Most recent data
Wendy Ault	Executive Director	$120,495	Jan. 13, 2020
Ann Kaplan	Executive Assistant	$50,734	Dec. 31, 2018

Peer organizations supporting multiple schools and educational institutions

	Name	Type	Revenue	Location
1	Rice Foundation	501(c)(3)	$6.0 million	Skokie, IL
2	Destina Foundation	501(c)(3)	$1.3 million	New York, NY
3	Davis Educational Foundation	501(c)(3)	$3.0 million	Yarmouth, ME
4	SAISD Foundation	501(c)(3)	$7.0 million	San Antonio, TX
5	Assumption Foundation for K-12 Schools	501(c)(3)	$890,262	Milwaukee, WI
6	Penngift Foundation	501(c)(3)	$980,883	Elverson, PA
7	A Good Neighbor Foundation	501(c)(3)	$1.0 million	Cincinnati, OH
8	Gary E Milgard Family Foundation-Cari	501(c)(3)	$3.1 million	Tacoma, WA
9	George B Storer Foundation	501(c)(3)	$4.4 million	Jackson, WY
10	Gary E Milgard Family Foundation - Mark	501(c)(3)	$4.1 million	Tacoma, WA
11	George & Mary Josephine Hamman Foundation	501(c)(3)	$6.8 million	Houston, TX
12	Millbrook Tribute Garden	501(c)(3)	$1.2 million	Millbrook, NY
13	Wayne Duddlesten Foundation	501(c)(3)	$2.1 million	Houston, TX
14	SBM Charitable Foundation	501(c)(3)	$1.8 million	Manchester, CT
15	Barney Family Foundation Robert T Napier Harrison and Held	501(c)(3)	$1.8 million	Chicago, IL
16	The Am Fund	501(c)(3)	$817,914	Boston, MA
17	Elsie and William Viles Foundation	501(c)(3)	$997,675	Augusta, ME
18	Miami County Foundation	501(c)(3)	$1.1 million	Piqua, OH
19	Zollner Foundation Wells Fargo Bank Na 94-3080771	501(c)(3)	$803,669	Las Vegas, NV
20	Birmingham Foundation	501(c)(3)	$955,929	Pittsburgh, PA
21	Herbert A Templeton Foundation	501(c)(3)	$1.2 million	Portland, OR
22	Ridgefield Foundation	501(c)(3)	$3.8 million	Ridgefield, CT
23	Hearin-Chandler Foundation	501(c)(3)	$2.4 million	Mobile, AL
24	Elizabeth Greenshields Foundation	501(c)(3)	$2.0 million	United Arab Emirates,
25	Joseph and Sophia Abeles Foundation	501(c)(3)	$1.1 million	Purchase, NY

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Cause IQ organization profile

Melmac Education Foundation

Form 990s for Melmac Education Foundation

Financials for Melmac Education Foundation

Vendors for Melmac Education Foundation

Personnel at Melmac Education Foundation

Peer organizations supporting multiple schools and educational institutions

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