2025-11-10T15:31:40-06:00 2024-12-31 010494526 Baker Newman & Noyes LLC Box 507 Portland ME 04112 990 2024-01-01 010517228 Maine Community Supporting Foundation MAIN 2076679735 245 Main Street Ellsworth ME 04605 Deborah Ellwood President & CEO 2076679735 2025-11-04 1 0 Connor Smart P02285543 2078792100 2025-11-04 2024 2025-03-06 01:10:19Z Deborah Ellwood 245 Main Street Ellsworth ME 04605 5944057 0 X www.mainecf.org X 1998 ME Support the Maine Community Foundation (MCF) and its charitable and educational purposes. 5 3 0 4 0 0 0 3050000 0 0 0 -155943 0 0 0 2894057 0 0 0 0 0 0 0 0 0 0 20000 0 20000 0 2874057 0 0 0 0 0 0 Support the Maine Community Foundation (MCF) and its charitable and educational purposes. 0 0 0 0 0 Support the Maine Community Foundation (MCF) by receiving gifts of real estate and other illiquid assets. 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Deborah Ellwood 2076679735 245 Main Street Ellsworth ME 04605 Eileen Epstein Director 0.10 0.00 X 0 0 0 Matthew Polstein Director 0.10 0.00 X 0 0 0 Karen Stanley Director 0.10 0.00 X 0 0 0 Deborah Ellwood MCF President/Director 0.10 50.20 X X 0 333904 32435 Michele Camarco Treasurer/Director (end 10/2024) 0.10 50.20 X X 0 188011 26411 Brendon Reay Director/Treasurer (start 12/2024) 0.10 50.00 X X 0 232603 17076 Jennifer Richard Secretary 0.10 37.50 X 0 122163 32887 Nelson Toner Clerk 0.10 0.00 X 0 0 0 0 876681 108809 0 0 1 0 0 3050000 3050000 3050000 2894057 3050000 -155943 -155943 -155943 2894057 0 0 -155943 20000 20000 20000 0 20000 0 0 0 0 0 X 0 0 0 0 0 0 X 2874057 -2874057 X X 0 1 X 1 0 X X 1 ME Community Foundation 010391479 8 1 2894057 0 1 2894057 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X Part X, Line 2: MaineCF and its supporting organization, Maine Community Supporting Foundation, as well as its related organizations, The Edward H. Daveis Benevolent Fund and the Vincent B. and Barbara G. Welch Supporting Organization, are all tax-exempt organizations as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and are generally exempt from income taxes pursuant to Section 501(a) of the Code. MaineCF pays unrelated business income taxes on income from certain types of transactions within investment partnerships. Under Maine State law, the Foundation is not exempt from state sales tax on taxable purchases. In certain circumstances, tax-exempt organizations may 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, 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. Management has evaluated the Foundation's tax positions and concluded that the Foundation has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the consolidated financial statements. 0 0 0 0 0 0 0 0 0 Deborah Ellwood MCF President/Director 0 330049 0 0 0 3855 0 28374 0 4061 0 366339 0 0 Brendon Reay Director/Treasurer (start 12/2024) 0 210077 0 20000 0 2526 0 13500 0 3576 0 249679 0 0 Michele Camarco Treasurer/Director (end 10/2024) 0 186141 0 0 0 1870 0 14902 0 11509 0 214422 0 0 Jennifer Richard Secretary 0 117562 0 3000 0 1601 0 11250 0 21637 0 155050 0 0 Part I, Line 1b Maine Community Supporting Foundation (MCSF) does not have any employees. However, the President/CEO of Maine Community Foundation (MCF), the supported organization, also serves as the President of MCSF. MCF uses a compensation committee, an independent compensation consultant, the Form 990 of other organizations, compensation surveys or studies, and approval by the board or a compensation committee to assist in establishing the compensation for this position. X 1 3050000 Est. property value 1 0 1 1 Part I, Line 32b: Gifts of real estate and other unique charitable gifts are received and liquidated as appropriate by the filing organization, which is a supporting organization of the Maine Community Foundation. Once liquidated, the proceeds are transferred to Maine Community Foundation. Form 990, Part VI, Section B, line 11b A copy of Form 990 is sent electronically to all trustees for review and comment. Once the allotted period of time has passed for trustee review, any additional corrections are made and Form 990 is filed with the IRS. Form 990, Part VI, Section B, line 12c Annually, all directors and officers are required to read the conflict of interest policy and sign a disclosure form on which each individual acknowledges their obligation to disclose any conflict of interest and comply with the conflict of interest policy. Directors also abstain from voting to approve grants to any organization for which they have an interest. Form 990, Part VI, Section B, line 15 The Maine Community Supporting Foundation has no employees. However, the CEO and other officers of the supported organization, Maine Community Foundation (MCF), oversee the Maine Community Supporting Foundation. The process for determining compensation for the CEO of MCF includes use of an independent compensation consultant, compensation survey, and approval by the MCF Board Executive Committee, which acts as the compensation committee for the MCF Board. Periodic surveys and use of independent compensation consultants are employed to assist in determining compensation for officers and key employees. MCF also maintains salary ranges by position grades, which are reviewed and updated annually. Form 990, Part VI, Section C, line 19 The governing documents, Form 990 and audited consolidated financial statements are available upon request. In addition, Form 990 and the audited consolidated financial statements are posted on the website of the supported organization, Maine Community Foundation, at www.mainecf.org. Form 990, Part XI, line 9: Transfer to Maine Community Foundation -2,874,057. Form 990, Part XII, Line 2c: The audit process has not changed from the prior year. Maine Community Foundation 245 Main Street Ellsworth ME 04605 010391479 Statewide community foundation ME 501(c)(3) Line 8 N/A 0 Edward H Daveis Benevolent Fund 245 Main Street Ellsworth ME 04605 010473137 Support MCF through grant making activities ME 501(c)(3) Line 12a, I Maine Community Foundation 0 Vincent B and Barbara G Welch Supporting Organization 245 Main Street Ellsworth ME 04605 270676659 Support MCF through grant making activities ME 501(c)(3) Line 12a, I Maine Community Foundation 0 Andrew Marshall Charitable Remainder Unitrust C/O Vanguard National Trust PO Box Valley Forge PA 194820709 Charitable Remainder Trust ME N/A T 0 David K Silverman Charitable Remainder Unitrust C/O Bank of America PO Box 830269 Dallas TX 75283 Charitable Remainder Trust ME N/A T 0 Mary S Marshal Charitable Remainder Unitrust C/O Vanguard National Trust PO Box Valley Forge PA 194820709 Charitable Remainder Trust ME N/A T 0 Rachel Samsel Charitable Remainder Unitrust C/O Vanguard National Trust PO Box Valley Forge PA 194820709 Charitable Remainder Trust ME N/A T 0 Roger A Fessaguet 2013 Charitable Remainder Trust No 1 C/O Law Offices of JJ Lynch PO Box Damariscotta ME 04543 Charitable Remainder Trust ME N/A T 0 Roger A Fessaguet 2013 Charitable Remainder Trust No 2 C/O Law Offices of JJ Lynch PO Box Damariscotta ME 04543 Charitable Remainder Trust ME N/A T 0 Sedgwick Charitable Remainder Trust C/O Multop Financial 2210 Rimland D Bellingham WA 98226 Charitable Remainder Trust ME N/A T 0 Stanley N Marshall III Charitable Remainder Unitrust C/O Vanguard National Trust PO Box Valley Forge PA 194820709 Charitable Remainder Trust ME N/A T 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 0