Maine Philanthropy Center

EIN: 010503126 501(c)(3) Education

Portland, ME

Total Revenue
$479,791
Total Expenses
$548,893
Total Assets
$484,548
Net Assets
$392,362
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
ME
Principal Officer
Jeannette Andre
Phone
2077805039
Tax Period
2024-01-01 to 2024-12-31

Maine Philanthropy Center, founded in 1995, is a small nonprofit in the Education sector that reported $480K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $549K exceeded revenue, resulting in a 14% operating deficit.

Mission

The Maine Philanthropy Center (MPC) is the state's leading resource that provides opportunity, leadership and support to advance the effectiveness of philanthropy in Maine and its ability to make a meaningful difference. It helps grant makers convene, collaborate and learn from each other. It helps grant seekers research funding sources and keep apprised of current grant opportunities and provides programs and activities that link grantmakers and grant seekers, allowing them to share information and build relationships.

Program Service Accomplishments

Program 1
Expenses: $466,559 Revenue: $22,390

MPC hosts a wide range of educational and professional development programs and webinars for grant makers to inform them about local and national trends in philanthropy, explore common issues, and...

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MPC hosts a wide range of educational and professional development programs and webinars for grant makers to inform them about local and national trends in philanthropy, explore common issues, and promote best practice exchange, shared learning and collaboration. MPC staff also provides individual technical assistance as well as print and electronic information to its members about the field of philanthropy.In 2024, 1,294 nonprofit, professional advisors, and funders over 60 programs, facilitated 9 funder and nonprofit networks, and hosted over 30 organizations for 1:1 research appointments. We launched a new brand, committed to removing barriers for nonprofits to access our resources through low and no cost membership and in turn have increased paid memberships to MPC. Our conference gathered individuals from all around Maine to explore issues critical to the nonprofit and philanthropic sector. Our Summer Learning Series featured important research about Maine people and communities.MPC continues to encourage and support funder collaborations in early childhood, education, oral health and immigrant/refugee communities while also serving as the sponsor for the climate and environmental funders network, food systems funders, indigenous funders network, and the arts & culture funders network. These groups exchange information, explore new ideas and consider joint/aligned funding opportunities.MPC offers services to help nonprofits enhance their grant seeking skills and potential such as monthly tutorials, monthly electronic grant advisories and the Directory of Maine Grantmakers. The Maine Philanthropy Center promotes broad public awareness of philanthropy in a variety of ways including the publication of an annual Maine giving report, and a public website with local and national data about charitable foundations.MPC is affiliated with Candid and the Foundation Directory Online, a national nonprofit that tracks foundation information. Through this agreement, MPC maintains on-site library resources including public access to the Foundation Center's searchable national database of foundations.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $455,695
Program Service Revenue $22,390
Investment Income $1,706
Other Revenue $0
TOTAL REVENUE $479,791

Expense Breakdown

Grants Paid $0
Salaries & Benefits $398,124
Fundraising Expenses $27,446
Program Expenses $466,559
Other Expenses $150,769
TOTAL EXPENSES $548,893

Year-over-Year Comparison

2024 2023 Change
Revenue $479,791 $403,258 +0.2%
Expenses $548,893 $448,011 +0.2%
Net Income $-69,102 $-44,753 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$124,083
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gabriela Alcalde Chair 8.00
Officer Director
$0 $0 $0
Nicola Chin Vice Chair 5.00
Officer Director
$0 $0 $0
Jennifer Hutchins Secretary 5.00
Officer Director
$0 $0 $0
Kati Denham Treasurer 5.00
Officer Director
$0 $0 $0
Marpheen Chann Director 2.00
Director
$0 $0 $0
Deborah Ellwood Director 2.00
Director
$0 $0 $0
Jake Grindle Director 5.00
Director
$0 $0 $0
Morgan Hynd Director 2.00
Director
$0 $0 $0
Erik Jorgensen Director 2.00
Director
$0 $0 $0
Jess Mauer Director 2.00
Director
$0 $0 $0
Gioia Perugini Director 5.00
Director
$0 $0 $0
Julian Rowand Director 2.00
Director
$0 $0 $0
Julia Sleeper Whiting Director 2.00
Director
$0 $0 $0
Lisa Sockabasin Director 2.00
Director
$0 $0 $0
Courtney Yeager Director 2.00
Director
$0 $0 $0
Jeannette Andre President & CEO 40.00
Officer
$101,992 $22,091 $124,083
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $479,791 $548,893 $484,548 $-69,102
2023 $403,258 $448,011 $548,419 $-44,753
2022 $480,894 $488,952 $600,059 $-8,058
2021 $510,273 $406,312 $580,115 $103,961
2020 $401,872 $333,428 $514,826 $68,444
2019 $419,799 $403,638 $414,247 $16,161
2018 $411,464 $411,274 $446,458 $190
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