University Of Southern Maine Foundation
University Of Southern Maine Foundation
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About this organization
Mission
The USM Foundation exists to be a catalyst for transformation at the University of Southern Maine. As an independent, nonprofit organization, we work side by side with the University to support the aspirations of our students and the strategic vision of USM. We actively build and steward resources in support of the University of Southern Maine's mission of education, research, and public service, and educate the public about the activities and programs of the University of Southern Maine.
About
Supported the University by transferring scholarship funds for students studying, Science, Technology, Engineering, Health, Education, Music, Nursing, and for Students Studying at the Lewiston-Auburn Campus. Received donations to assist in supplying the Osher Map Library, housed at the University of Southern Maine, with maps, books, and artifacts. Received several large pledge intentions to create endowments for: an Endowed Chair for Risk Management, Promise Scholarship Fund, and Music Scholarships. Continued to invest endowments prudently and responsibly in order to provide income for scholarships, professorships, staff development and operations which all benefit the University of Southern Maine.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “To actively build and steward resources in support of the university of southern main's mission of education, research, and public service and to educate the public about the activities and programs of the university of southern maine.”.
When explaining its purpose, the activities were outlined as: “Support for the university of southern maine.”.
- As per legal reporting requirements, the state of operation for the non-profit is ME.
- The non-profit's address for 2020 is listed as PO Box 9300, Portland, ME, 041049300 in the filing.
- As per the non-profit's form, they have 22 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $3,674,441.
- The organization has 20 independent voting members.
- The organization was formed in 1996.
- The organization pays $1,635,560 in salary, compensation, and benefits to its employees.
- The organization pays $654,556 in fundraising expenses.
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