Senator George J Mitchell Scholarship Research Institute

EIN: 010523390 501(c)(3) Education

Portland, ME

Total Revenue
$3,869,286
Total Expenses
$3,429,168
Total Assets
$53,207,335
Net Assets
$48,222,963
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
ME
Principal Officer
Jared Cash
Phone
2077737700
Tax Period
2024-01-01 to 2024-12-31

Senator George J Mitchell Scholarship Research Institute, founded in 1999, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.4M left a modest 11% surplus.

Mission

The principal purpose of the Mitchell Institute is to provide scholarships and other support to Maine students pursuing higher education. Because of our organization's desire to understand and remove obstacles to achieving a college degree, a related purpose is to engage in research on these issues.

Program Service Accomplishments

Program 1
Expenses: $2,925,866 Revenue: $0

The Senator George J Mitchell Scholarship Research Institute is dedicated to advancing the Senator's mission to increase the likelihood that young people from every community in Maine will aspire to...

Read more

The Senator George J Mitchell Scholarship Research Institute is dedicated to advancing the Senator's mission to increase the likelihood that young people from every community in Maine will aspire to, pursue, and achieve a college education. The Institute works with young people statewide who face uphill battles on their way to college and levels the playing field for them by providing financial resources and a broad range of support. Each year, the Institute awards a scholarship to at least one graduating senior from every public high school in Maine. The Mitchell Institute awarded 184 scholarships in 2024. In addition to the scholarship, the Institute provides support including personal and professional development programming, opportunities for additional funding for internships and study abroad, and access to a network that provides lasting relationships and career advice. The Institute believes every Maine student deserves an opportunity to succeed, and that success positively impacts the Scholar and all Maine communities. The Institute's research documents the college and career experiences of its Scholars, provides evidence of Scholars' success, and evaluates its programs and events to ensure that Mitchell Scholars and Alumni receive effective support.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,450,220
Program Service Revenue $0
Investment Income $1,391,578
Other Revenue $27,488
TOTAL REVENUE $3,869,286

Expense Breakdown

Grants Paid $1,923,738
Salaries & Benefits $934,462
Fundraising Expenses $172,194
Program Expenses $2,925,866
Other Expenses $570,968
TOTAL EXPENSES $3,429,168

Year-over-Year Comparison

2024 2023 Change
Revenue $3,869,286 $6,258,916 -0.4%
Expenses $3,429,168 $3,175,642 +0.1%
Net Income $440,118 $3,083,274 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
11
Volunteers
106

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
$172,690
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony DiSotto Director 1.00
Director
$0 $0 $0
Bruce Epstein Director (end 12/2024) 1.00
Director
$0 $0 $0
Brian Harris Director 1.00
Director
$0 $0 $0
Nathan Kinney Director 1.00
Director
$0 $0 $0
Christine Lemieux Director 1.00
Director
$0 $0 $0
Scott Maker Director (end 12/2024) 1.00
Director
$0 $0 $0
Camita McCoy Director 1.00
Director
$0 $0 $0
Heather Mitchell Director 1.00
Director
$0 $0 $0
Jon Moody Director 1.00
Director
$0 $0 $0
Alison Nathanson Director (end 12/2024) 1.00
Director
$0 $0 $0
Christopher Pierce Director 1.00
Director
$0 $0 $0
Elyse Pratt-Ronco Director 1.00
Director
$0 $0 $0
Paul Suitter Director 1.00
Director
$0 $0 $0
Virginia Swain Director 1.00
Director
$0 $0 $0
Kate Wilkinson Director 1.00
Director
$0 $0 $0
Rebecca Wyke Director 1.00
Director
$0 $0 $0
Sara Burns Chair 1.00
Officer Director
$0 $0 $0
Najila Frayha Vice Chair 1.00
Officer Director
$0 $0 $0
Abigail Diaz Second Vice Chair 1.00
Officer Director
$0 $0 $0
Joseph Foley Treasurer 1.00
Officer Director
$0 $0 $0
Jared Cash President/Secretary 40.00
Officer
$154,978 $17,712 $172,690
Marc Glass Brand and Communitcation Director 40.00
Highest
$103,714 $14,855 $118,569
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 $3,869,286 $3,429,168 $53,207,335 $440,118
2023 $6,258,916 $3,175,642 $48,269,547 $3,083,274
2022 $3,294,225 $2,882,565 $45,833,785 $411,660
2021 $4,164,591 $2,881,215 $52,911,391 $1,283,376
2020 $4,226,931 $2,862,496 $48,717,475 $1,364,435
2019 $2,388,775 $2,701,842 $42,908,493 $-313,067
2018 $2,498,075 $2,382,932 $38,053,810 $115,143
Explore More Nonprofits
Top 100 Nonprofits in Maine Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Senator George J Mitchell Scholarship Research Institute with other nonprofits in Maine and across the country.