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

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025

$980,979

Contributions
45%
Program Services
39%
Investments
11%
Government Grants
3%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025

$3,691,939

Grants
86%
Salaries & Benefits
11%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Other
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2024
2025
Change
Contributions
$683,151
$446,054
-35%
Government Grants
$56,520
$28,260
-50%
Fundraising Events
$0
$0
-
Program Services
$368,217
$384,787
+5%
Membership Dues
$0
$0
-
Investments
$208,696
$109,677
-47%
Other
$62,737
$12,201
-81%
Total Revenues
$1,379,321
$980,979
-29%
Expenses
2024
2025
Change
Grants
$6,514,446
$3,190,039
-51%
Benefits to Members
$0
$0
-
Salaries & Benefits
$332,137
$400,013
+20%
Fees to Service Providers
$48,473
$59,781
+23%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$24,178
$34,175
+41%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$8,095
$7,931
-2%
Total Expenses
$6,927,329
$3,691,939
-47%
Net income
2024
2025
Change
Net income
-$5,548,008
-$2,710,960
+51%
Functional Expenses
Summary
2024
2025
Change
Program
$6,514,446
$3,190,039
-51%
Admin
$212,925
$254,566
+20%
Fundraising
$199,958
$247,334
+24%
Total Expenses
$6,927,329
$3,691,939
-47%
Income Statement
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