UNIVERSITY OF SOUTHERN MAINE FOUNDATION Charity Report

Public IRS 990 nonprofit record

UNIVERSITY OF SOUTHERN MAINE FOUNDATION

EIN 04-3350930 · Philanthropy, Charity & Voluntarism Promotion (T50)

What they do

to Actively Build and Steward Resources In Support of The University of Southern Maines Mission of Education, Research, and Public Service and to Educate The Public About The Activities and Programs of The University of Southern Maine.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

36.15%of revenue went to mission work70.1% of expenses · Program services

8.23%of revenue went to fundraising16.0% of expenses

$51.59spent for every $100 of revenueRevenue covered expenses this year.

7.21%of revenue went to management and office costs14.0% of expenses

$7.95in assets for every $1 spent this yearSome assets cannot be spent right away.

73.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $202,500 for AINSLEY NEWMAN WALLACE (PRESIDENT & CEO (THRU 9/30/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,278,860

Mission workProgram services$5,161,69236.15% of revenue70.1% of expenses

ManagementOffice and general costs$1,029,5737.21% of revenue14.0% of expenses

FundraisingAsking for donations$1,175,6848.23% of revenue16.0% of expenses

Revenue left after expensesReported annual surplus$6,911,91148.41% of revenueShown in gray on the chart

Total expenses$7,366,94951.59% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.1% mission · 14.0% management · 16.0% fundraisingTotal expenses: 51.59% of revenue

2023Expense mix: 89.6% mission · 4.8% management · 5.6% fundraisingTotal expenses: 226.68% of revenue

2022Expense mix: 70.9% mission · 10.7% management · 18.4% fundraisingTotal expenses: 83.00% of revenue

2021Expense mix: 73.4% mission · 8.4% management · 18.3% fundraisingTotal expenses: 45.28% of revenue

2020Expense mix: 69.9% mission · 7.7% management · 22.5% fundraisingTotal expenses: 28.96% of revenue

2019Expense mix: 70.5% mission · 8.5% management · 21.0% fundraisingTotal expenses: 63.37% of revenue

2018Expense mix: 49.8% mission · 32.8% management · 17.5% fundraisingTotal expenses: 50.49% of revenue

2017Expense mix: 37.8% mission · 33.7% management · 28.5% fundraisingTotal expenses: 71.13% of revenue

Money in and money out

Revenue$14,278,860

Expenses$7,366,949

Annual surplus $6,911,911 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,161,692 · 70.1% of expenses

Management and office costs$1,029,573 · 14.0% of expenses

Fundraising$1,175,684 · 16.0% of expenses

See all reported dollar amounts

Revenue$14,278,860

Expenses$7,366,949

Assets$58,582,559

Income$27,849,035

Contributions$10,519,342

Mission work (program services)$5,161,692

Fundraising$1,175,684

Grants given$61,419,109

Average grant$2,047,304

Management and general$1,029,573

Stocks and bonds$44,872,700

Accounting fees$22,455

Investing fees$50,031

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

AINSLEY NEWMAN WALLACEPRESIDENT & CEO (THRU 9/30/24) · 40 hrs/week $202,500Base $164,024 · Other $38,476

COREY HASCALLPRESIDENT & CEO · 40 hrs/week $183,644Base $160,089 · Other $23,555

ERIN MACEYEXECUTIVE DIRECTOR · 40 hrs/week $158,803Base $120,904 · Other $37,899

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

AINSLEY NEWMAN WALLACEPRESIDENT & CEO (THRU 9/30/24)

COREY HASCALLPRESIDENT & CEO

ERIN MACEYEXECUTIVE DIRECTOR

KELLY BREWER 11DIRECTOR

TODD CHAMBERLAINSECRETARY

TIMOTHY GRIFFIN 05 12GDIRECTOR

STEPHEN IRISH 81TREASURER

STEPHEN DECASTROCHAIR

ROBERT H DODGEDIRECTOR

REBECCA SWANSON CONRADAFFLILIATED REPRESENTATIVE

REBECCA MCKINNELL 06DIRECTOR

RAY STEVENS PHD 86 14HDIRECTOR

MO IBOURK 03 05GDIRECTOR

MIKE MAROCCO 81DIRECTOR

LOIS SKILLINGS 91GDIRECTOR

LINDA VARRELL 00DIRECTOR

KENNETH BLASCHKEDIRECTOR

KELLY BARDENDIRECTOR

JUSTIN ALFONDDIRECTOR

JOHN RYANDIRECTOR

JANA MAGNUSONVOLUNTEER FINANCE COMMITTE

IAN SLAYMAKER 07 PHDDIRECTOR

DR JACQUELINE EDMONDSONEXECUTIVE OFFICIO

DEAN MURRAY 87VICE CHAIR

DANIEL KLEBAN 04DIRECTOR

DANIEL CREWE 22HDIRECTOR

DAJAUN EUBANKSDIRECTOR

CASEY PRENTICEDIRECTOR

About this charity

Recognized since: January 2000
Location: 96 FALMOUTH ST, PORTLAND, ME 04103-4864
County: Cumberland
In care of: % COREY HASCALL
Primary officer: Corey Hascall, President & CEO

How to reach them

WebsiteVisit the charity’s website Phone(207) 780-4708

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WIPFLI LLP
NTEE classification: Philanthropy, Charity & Voluntarism Promotion (T50)
IRS tax category: Philanthropy, Charity & Voluntarism Promotion
Grant-giving organization: Yes