funder logo

The Foundation for Maine's Community Colleges

The Foundation for Maine's Community Colleges

South Portland, ME, US
501(c)3
EIN
27-1363414
Fund Raising & Fund Distribution
funder logo

The Foundation for Maine's Community Colleges

South Portland, ME, US
501(c)3
EIN
27-1363414
Fund Raising & Fund Distribution

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)

$6,163,766

Cash & Equivalents
51%
Investments
30%
Receivables (Non-Related)
19%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2025 (Year End)

$618,341

Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$5,461,862
$3,156,268
-42%
Receivables (Non-Related)
$2,321,190
$1,159,721
-50%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,429
$8,670
+153%
Investments
$1,647,421
$1,839,107
+12%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
-
-
-
Total Assets
$9,433,902
$6,163,766
-35%
Liabilities
2024
2025
Change
Payables & Accruals
$1,628,137
$618,341
-62%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,628,137
$618,341
-62%
Net assets
2024
2025
Change
Restricted Net Assets
$5,942,906
$3,408,547
-43%
Unrestricted Net Assets
$1,862,859
$2,136,878
+15%
Net assets
2024
2025
Change
Net assets
+$7,805,765
+$5,545,425
-29%
Balance Sheet
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