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Northern Maine Community College Foundation

EIN 01-0416939 · Presque Isle, ME

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak39 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE FOUNDATION IS TO HELP NORTHERN MAINE COMMUNITY COLLEGE MEET ITS COMMITMENT TO PROVIDE SUPERIOR EDUCATIONAL OPPORTUNITIES FOR ALL SEGMENTS OF THE COMMUNITY. FOUNDATION BOARD MEMBERS WILL ENHANCE COMMUNITY, ALUMNI AND STUDENT AWARENESS OF THE COLLEGE BY SERVING AS ADVOCATES IN BOTH THE PUBLIC AND PRIVATE SECTORS. FOUNDATION BOARD MEMBERS WILL SECURE CONTRIBUTIONS, PLANNED GIFTS AND DONATIONS; WILL SUPPORT SPECIAL PROJECTS; AND WILL EXERCISE PRUDENT JUDGMENT IN ACCOUNTING FOR, MANAGING AND APPRECIATING MONIES OR PROPERTIES ACQUIRED BY THE FOUNDATION. THE LEADERSHIP OF THE COLLEGE WILL GUIDE FOUNDATION BOARD MEMBERS BY COMMUNICATING PRIORITIES FOR THE DISTRIBUTION OF FUNDS FOR STUDENT SCHOLARSHIPS, INCENTIVE GRANTS, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND EDUCATIONAL EQUIPMENT OR FACILITIES. IT IS THE RESPONSIBILITY OF THE FOUNDATION BOARD MEMBERS TO SUPPORT AND FOSTER THE HIGH QUALITY OF THOSE STANDARDS WHICH ARE THE GOAL OF NORTHERN MAINE COMMUNITY COLLEGE.

Income
$711,505
Spending
$3.9 million
Spent on programs
99%
Reserves
0.8 months of spending
Largest source of income
investment income, 77%
Employees
0
Highest pay
$152,340, president nm

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 39 out of 100. Higher than 9% of charities in its peer group (education, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.8 months of spending.

  • Debt

    20 of 20

    It owes 11% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 447% of income.

  • Income trend

    0 of 15

    Income fell 87% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 66% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    32 of 32 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $166,189 spent. SCHOLARSHIPS AND GRANTS PAID
  2. $3.6 million spent. GRANTS PAID TO NMCC
  3. $30,147 spent. EXPENSES INCURRED IN THE ACCOMPLISHMENT OF FIRST AND SECOND ACHIEVEMENTS

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2026.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1988.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Maine Community Foundation Inc (Ellsworth, ME), EIN 01-0391479. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.