MAINE BLUE COLLAR SCHOLARSHIP FOUNDATION

EIN: 823807661 501(c)(3) Philanthropy & Grantmaking

GORHAM, ME

Total Revenue
$232,564
Total Expenses
$167,155
Total Assets
$589,209
Net Assets
$589,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
ME
Principal Officer
DANIELLE MOODY
Phone
2078392500
Tax Period
2024-01-01 to 2024-12-31

MAINE BLUE COLLAR SCHOLARSHIP FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $233K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $65K, a strong 28% operating margin.

Mission

TO REMOVE THE BARRIERS FOR MOTIVATED INDIVIDUALS PURSUING A CAREER IN THE TRADES. THE ORGANIZATION AIMS TO REINVIGORATE THE TRADES THAT BUILT AMERICA.

Program Service Accomplishments

Program 1
Expenses: $163,903 Revenue: $216,975

THE FOUNDATION AWARDS SCHOLARSHIPS TO MOTIVATED INDIVIDUALS TO BE USED FOR TOOL-SHIPS AND CONTINUING EDUCATION. EACH YEAR WE RECEIVE HUNDREDS OF APPLICATIONS FROM YOUNG MAINERS WITH A PASSION FOR THE...

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THE FOUNDATION AWARDS SCHOLARSHIPS TO MOTIVATED INDIVIDUALS TO BE USED FOR TOOL-SHIPS AND CONTINUING EDUCATION. EACH YEAR WE RECEIVE HUNDREDS OF APPLICATIONS FROM YOUNG MAINERS WITH A PASSION FOR THE TRADES AND WORKING WITH THEIR HANDS. THE AVERAGE AGE OF MAINE'S TRADE WORKER IS RISING AND TO SEE THIS SURGE IN YOUNG PEOPLE ENTERING THE TRADES IS EXACTLY WHAT WE NEED TO REINVIGORATE THE WORKFORCE IN MAINE. THE FOUNDATION HAS PROUDLY REMOVED THE BARRIERS FOR MANY YOUNG MAINERS WITH THE PURCHASE OF TOOLS, GAS TO GET TO CLASS, HOUSING WHILE THEY COMPLETE THEIR PROGRAMS AND TUITION. RECIPIENTS OF A SCHOLARSHIP CAN SUBMIT RECEIPTS FOR REIMBURSEMENT OR THEY CAN SUBMIT THEIR 2ND SEMESTER TRANSCRIPT AND THE FOUNDATION WILL SEND A CHECK DIRECTLY TO THEIR SCHOOL. WE HAVE DEVELOPED STRONG RELATIONSHIPS WITH ALL THE COMMUNITY COLLEGES IN MAINE AS WELL AS THE 27 CTE SCHOOLS THROUGHOUT THE STATE. THERE ARE NO PAID POSITIONS WITHIN THE FOUNDATION, IT IS ALL VOLUNTEER EFFORTS, AND THE SCHOLARSHIPS ARE FUNDED PRIMARILY BY SMALL BLUE-COLLAR BUSINESSES THROUGHOUT MAINE. MANY OF THESE BUSINESSES HARE CURRENTLY HIRING AND ARE EAGER TO INVEST IN LOCAL YOUNG TALENT. MAINE STUDENTS INTERESTED IN APPLYING FOR THE SCHOLARSHIP MAY DO SO THROUGH THE MAINE BLUE COLLAR SCHOLARSHIP FOUNDATION ON THEIR WEBSITE, MAINEBLUECOLLAR.COM.WE RECENTLY PARTNERED WITH MEMIC TO PROVIDE INSTRUCTOR SCHOLARSHIPS. THE GOAL OF THE SCHOLARSHIPS IS TO INTRODUCE EDUCATORS TO THE BEST-IN-CLASS BUSINESS IN THEIR INDUSTRY. THESE CONNECTIONS ARE CRUCIAL TO HELP INSTRUCTORS PROVIDE THE SKILLS NECESSARY FOR THEIR GRADUATING CLASSES TO BE SUCCESSFUL.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $216,975
Program Service Revenue $0
Investment Income $15,589
Other Revenue $0
TOTAL REVENUE $232,564

Expense Breakdown

Grants Paid $162,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $163,903
Other Expenses $4,305
TOTAL EXPENSES $167,155

Year-over-Year Comparison

2024 2023 Change
Revenue $232,564 $359,930 -0.4%
Expenses $167,155 $115,246 +0.5%
Net Income $65,409 $244,684 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTARD LISA BOARD MEMBER 0.20
Director
$0 $0 $0
KASERMAN KEVIN BOARD MEMBER 0.20
Director
$0 $0 $0
LADD STEVE BOARD MEMBER 0.20
Director
$0 $0 $0
MARSTON AMY BOARD MEMBER 0.20
Director
$0 $0 $0
RISBARA MARIA BOARD MEMBER 0.20
Director
$0 $0 $0
RISBARA ROCCY BOARD MEMBER 0.20
Director
$0 $0 $0
WHITING BOB BOARD MEMBER 0.20
Director
$0 $0 $0
JOHNSTON D SHARI TREASURER 0.20
Officer Director
$0 $0 $0
MOODY DANIELLE PRESIDENT 0.20
Officer Director
$0 $0 $0
PALLOTTA CHELSEY SECRETARY 0.20
Officer Director
$0 $0 $0
MOODY CHRISSI EXECUTIVE DIRECTOR 0.20
Officer
$0 $0 $0
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 $232,564 $167,155 $589,209 $65,409
2023 $359,930 $115,246 $523,800 $244,684
2022 $115,986 $95,834 $279,116 $20,152
2021 $117,140 $83,426 $258,964 $33,714
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