2024-03-29T16:02:09-05:00 2023-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2023-01-01 461398374 Olympia Snowe Women's Leadership Institute OLYM 2077756737 One Canal Plaza 501 Portland ME 04101 Christina McAnuff CEO/Executive Director 2077756737 2024-03-26 1 Christina McAnuff 999009999 0 Connor Smart P02285543 2078792100 2024-03-26 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z Christina McAnuff One Canal Plaza 501 Portland ME 04101 3023825 0 X www.snoweleadershipinstitute.org X 2012 ME Leadership training for 10th-12th grade girls to encourage confidence and an ability to take on leadership roles. 14 14 11 295 0 0 1223031 1342339 0 0 184404 190358 -40293 -26548 1367142 1506149 15000 25845 0 0 497834 628823 0 0 218118 484286 508032 997120 1162700 370022 343449 6950051 8031582 11706 26090 6938345 8005492 The mission of the Olympia Snowe Women's Leadership Institute is to elevate the confidence and aspirations of high school girls by helping them build leadership, collaboration, and problem solving skills needed to become successful in their lives, careers, and communities. 0 0 776201 25845 0 The Olympia Snowe Women's Leadership Institute runs programs that provide guidance to high school girls in 10th, 11th, and 12th grades and equips them with the tools that they need to succeed. The programs focus on developing the students' values, voice, and vision and are intended to build confidence, raise aspirations, and enable participants to become more successful in their lives and careers. The Institute launched a pilot program during 2015 and has since expanded to 37 schools across Maine. The Institute continues to develop and run these programs, along with providing support to educational programs at other organizations with compatible missions. 776201 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY CA X James Grasky 2077756737 One Canal Plaza 501 Portland ME 04101 Ann E Drew Director 4.00 X 0 0 0 Laurie Fisher Director 4.00 X 0 0 0 Katie Fullam Harris Director 4.00 X 0 0 0 Robin Lin Hodgskin Director 4.00 X 0 0 0 JoAnn Leon Director 4.00 X 0 0 0 Renee Lewis Director 4.00 X 0 0 0 Marie McCarthy Director 4.00 X 0 0 0 Dianne L Nason Director 4.00 X 0 0 0 Kari S Suva Director 4.00 X 0 0 0 Alicia Walsh Director 4.00 X 0 0 0 Olympia J Snowe Honorary Chair/Director 10.00 X X 0 0 0 Carolyn L Olson Cartwright Chair 10.00 X X 0 0 0 Elizabeth M Timm Treasurer 10.00 X X 0 0 0 Catherine F Lamson Secretary 10.00 X X 0 0 0 Christina McAnuff Executive Director 40.00 X 125000 0 9077 Lucas Caron Dir. of Finance/Operations(end 5/23) 40.00 X 36150 0 699 James Grasky Director of Finance and Operations 40.00 X 54474 0 5329 215624 0 15105 1 0 0 0 0 106790 1235549 65296 1342339 204298 204298 1431138 1445078 -13940 -13940 -13940 46050 106790 72598 -26548 -26548 1506149 0 0 163810 25845 25845 230728 141096 29220 60412 329242 199749 41580 87913 6978 4224 881 1873 20341 14231 2675 3435 41534 25184 5338 11012 8126 186 7940 19069 19069 34584 34584 48589 48589 65122 32761 8300 24061 24179 10888 3705 9586 68495 42903 8913 16679 3232 1581 1651 227974 225582 2177 215 4779 2957 541 1281 3883 425 3458 1162700 776201 168381 218118 198266 65832 390276 449989 147500 388000 2641 18866 26593 7753 4964 18840 6206404 7090055 6950051 8031582 11706 26090 11706 26090 X 5221356 6039741 1716989 1965751 6938345 8005492 6950051 8031582 343449 723698 0 X X 0 1 X 1 0 X 1430591 1408187 1596966 1223031 1342339 7001114 1430591 1408187 1596966 1223031 1342339 7001114 1233377 5767737 111336 132443 127302 145824 204298 721203 7722317 0.74690 0.73260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2909035 406684 70000 3245719 3472834 -493799 70000 2909035 3232068 250000 60766 70000 3472834 2966538 461000 225786 421256 3232068 2195096 1020867 175346 424771 2966538 0.56470 0.43130 0.00400 0 0 26593 7753 18840 18840 X 2300737 723698 32876 72598 829172 1471565 34584 34584 1506149 1233590 32876 72598 105474 1128116 34584 34584 1162700 Part V, Line 4: The Institute plans to use endowment funds to reduce the amount of current year operating funds that it needs to raise in any given year. To that end, in 2017, the Institute established a permanently restricted endowment fund with a multi-year Alfond Challenge Grant totaling $1.4M. Since the permanently restricted fund created by the grant has reached the full $1.4M, the Institute has used proceeds from the fund's principal to offset the cost of 90 of the 540 program participants each year. The Institute also held aside matching funds to the grant to create a second fund of $1.4M that may, in the future, fund an additional 90 program participants annually. Under the Institute's current plan, annual fundraising to raise operating funds may be reduced by the cost of 180 program participants. The coverage of program participant costs by the endowment may grow as the Institute finds other ways to grow the endowment in the future. Part X, Line 2: The Institute is exempt from federal and state income tax under section 501(c)(3) of the Internal Revenue Code. The Institute qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation. Accordingly, no provision for income taxes has been recorded in the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. The Institute has evaluated the position taken on its filed tax returns. The Institute has not taken, nor does it expect to take any uncertain tax positions in any income tax return. Part XI, Line 2d - Other Adjustments: Fundraising event expenses 72,598. Part XII, Line 2d - Other Adjustments: Fundraising event expenses 72,598. Founders Reception 98197 96197 2000 1793 11685 3466 Northeast Harbor 43868 5368 38500 607 3992 1502 1 10775 5225 5550 10921 32427 6205 152840 106790 46050 13321 48104 11173 72598 -26548 1 College scholarships 9 25000 Financial assistance with educational expenses. 2 0 845 Fair Market Value Laptops and computer equipment. Part I, Line 2: The Organization presents and awards college scholarships to outstanding Institute Program participants who exhibit a combination of character, leadership, academic excellence, and financial need. Scholarships are paid for with a combination of internally-funded assets and restricted gifts and donations. The Institute maintains books and records to ensure that grants paid are used by recipients to pursue higher education. X 11946 Retail Value X 6 52212 Gift Date FMV X 2 1139 Retail Value 0 1 1 Part I, Line 32b: The organization sells contributions of securities through its investment broker. All gifts of securities are sold as soon as administratively possible. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an outside independent accounting firm, then distributed to the full Board for review before filing with the IRS. Form 990, Part VI, Section B, line 12c The Olympia Snowe Women's Leadership Institute has a detailed conflict of interest policy that is regularly and consistently monitored through mandatory self-disclosure and Board or committee determination of any potential conflicts of interest. Interested persons may not participate in any Board or committee proceedings that concern the potential conflict of interest. The Board or committee exercises due diligence in determining whether or not the potential transaction is in the best interests of the Olympia Snowe Women's Leadership Institute and whether, with reasonable efforts, a more advantageous arrangement may be transacted that does not give rise to a conflict of interest. Violations of the conflict of interest policy are disciplined appropriately by the Board, and all proceedings involving the conflict or potential conflict are recorded. Form 990, Part VI, Section B, line 15 The Institute maintains a payroll system approved by the Board of Directors. Form 990, Part VI, Section C, line 19 The Organization makes all public documents related to its governance, formation, and finances available to the public upon request. Form 990, Part XII, Line 2c: The finance committee is responsible for overseeing the audit of the financial statements and selecting an independent auditor. Upon completion, the audit is reviewed by the Finance Manager and Executive Director and submitted to the Board of Directors for review. The process has not changed from the prior year.