The Foundation For Maine Community Colleges
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,791,045 | 3,176,128 | −385,083 | 27.3 | 8% |
| 2013 | 1,655,466 | 2,093,005 | −437,539 | 39.0 | 13% |
| 2014 | 1,202,464 | 1,175,557 | 26,907 | 69.7 | 22% |
| 2015 | 2,632,093 | 3,405,773 | −773,680 | 21.1 | 8% |
| 2016 | 2,395,611 | 1,413,404 | 982,207 | 59.2 | 17% |
| 2017 | 3,285,806 | 3,178,663 | 107,143 | 26.7 | 7% |
| 2018 | 2,116,793 | 3,252,893 | −1,136,100 | 21.2 | 7% |
| 2019 | 5,054,259 | 2,781,500 | 2,272,759 | 34.8 | 10% |
| 2020 | 2,189,713 | 2,844,514 | −654,801 | 31.3 | 7% |
| 2021 | 2,353,007 | 2,642,418 | −289,411 | 33.3 | 9% |
| 2022 | 16,834,487 | 3,942,310 | 12,892,177 | 58.7 | 6% |
| 2023 | 1,406,703 | 8,256,473 | −6,849,770 | 18.9 | 3% |
| 2024 | 1,379,321 | 6,927,329 | −5,548,008 | 13.5 | 4% |
In its most recent public year (2024), this organization spent $5,548,008 more than it brought in. Its reserves stood at about 13.5 months of spending, down from 27.3 in 2012. Staff pay was 4% of spending. $5,942,906 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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