Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
MELMAC EDUCATION FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)188 WHITTEN ROAD
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUGUSTA, ME043300807
A Employer identification number

01-0390854
B Telephone number (see instructions)

(207) 622-3066
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,977,183
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,445,604 1,445,604  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 856,101
b Gross sales price for all assets on line 6a 3,092,018
7 Capital gain net income (from Part IV, line 2)... 856,101
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 453 453  
12 Total. Add lines 1 through 11........ 2,302,158 2,302,158  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 146,602 21,990   124,612
14 Other employee salaries and wages...... 52,234 13,059   39,175
15 Pension plans, employee benefits....... 47,193 7,922   39,271
16a Legal fees (attach schedule)......... 3,776 1,888   1,888
b Accounting fees (attach schedule)....... 12,118 12,118    
c Other professional fees (attach schedule).... 354,904 73,601   273,828
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 35,000      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 27,900 4,918   22,982
21 Travel, conferences, and meetings....... 134,621 22,637   91,394
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 82,634 29,848   52,785
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 896,982 187,981   645,935
25 Contributions, gifts, grants paid....... 1,883,019 1,673,189
26 Total expenses and disbursements. Add lines 24 and 25 2,780,001 187,981   2,319,124
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -477,843
b Net investment income (if negative, enter -0-) 2,114,177
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. -18,373 197,392 197,392
2 Savings and temporary cash investments......... 246,177 1,694,349 1,694,349
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 58,109 23,111 23,111
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 39,090,187 Click to see attachment
List of Attached Documents:
// Content
37,231,535
43,047,289
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment
List of Attached Documents:
// Content
10,000
15,042
14 Land, buildings, and equipment: basis right arrow66,432
Less: accumulated depreciation (attach schedule) right arrow66,432      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,872,424
Click to see attachment
List of Attached Documents:
// Content
5,820,796
 
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,248,524 44,977,183 44,977,183
Liabilities 17 Accounts payable and accrued expenses.......... 59,286 84,524
18 Grants payable................. 33,875 243,705
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
29,734
Click to see attachment
List of Attached Documents:
// Content
82,940
23 Total liabilities (add lines 17 through 22)......... 122,895 411,169
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 41,125,629 44,566,014
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 41,125,629 44,566,014
30 Total liabilities and net assets/fund balances (see instructions). 41,248,524 44,977,183
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
41,125,629
2
Enter amount from Part I, line 27a .....................
2
-477,843
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,973,110
4
Add lines 1, 2, and 3 ..........................
4
44,620,896
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
54,882
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,566,014
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a SALE OF SECURITIES P   2023-01-09
b SALE OF SECURITIES P   2023-02-02
c SALE OF SECURITIES P   2023-02-18
d SALE OF SECURITIES P   2023-03-31
e SALE OF SECURITIES P   2023-04-28
SALE OF SECURITIES P   2023-05-04
SALE OF SECURITIES P   2023-05-31
SALE OF SECURITIES P   2023-06-30
SALE OF SECURITIES P   2023-07-28
SALE OF SECURITIES P   2023-08-03
SALE OF SECURITIES P   2023-08-31
SALE OF SECURITIES P   2023-11-02
SALE OF SECURITIES P   2023-12-31
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 212,000   210,218 1,782
b 12,596   13,315 -719
c 10,000   11,399 -1,399
d 500,000   399,995 100,005
e 500,000   343,134 156,866
12,983   13,698 -715
500,000   323,230 176,770
500,000   333,431 166,569
500,000   328,473 171,527
12,884   13,797 -913
317,000   229,427 87,573
14,555   15,665 -1,110
    135 -135
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       1,782
b       -719
c       -1,399
d       100,005
e       156,866
      -715
      176,770
      166,569
      171,527
      -913
      87,573
      -1,110
      -135
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 856,101
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3 -135
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 29,387
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 29,387
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 29,387
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 50,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 20,613
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,613 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowMELMACFOUNDATION.ORG
14
The books are in care ofright arrowWENDY AULT EXECUTIVE DIRECTOR Telephone no.right arrow (207) 622-3066

Located atright arrow188 WHITTEN RDAUGUSTAME ZIP+4right arrow04330
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
WENDY AULT EXECUTIVE DI
40.00
146,602 26,406 0
188 WHITTEN ROAD
AUGUSTA,ME04330
PEGGY CRAWFORD CHAIRPERSON
2.00
0 0 0
188 WHITTEN ROAD
AUGUSTA,ME04330
SCOTT MACDONALD VICE-CHAIRPE
2.00
0 0 0
188 WHITTEN ROAD
AUGUSTA,ME04330
RON MILLIKEN SECRETARY
2.00
0 0 0
188 WHITTEN ROAD
AUGUSTA,ME04330
JANELLE MACDERMOTT TREASURER
3.00
0 0 0
188 WHITTEN ROAD
AUGUSTA,ME04330
DAVID PERKINS DIRECTOR
2.00
0 0 0
188 WHITTEN ROAD
AUGUSTA,ME04330
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
ANN KAPLAN EXEC ASST
40.00
52,234 3,446  
188 WHITTEN ROAD
AUGUSTA,ME04330
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 CONNECT ASPIRATIONS TO A PLAN/BOOSTING READINESS FOR COLLEGE AND CAREER - BUILDING AN ENABLING ENVIRONMENT FOR MIDDLE, HIGH SCHOOL AND CTE STUDENTS TO EXPLORE COLLEGE AND CAREER OPTIONS, SET ASPIRATIONS, AND CREATE A FORMAL PLAN TO GUIDE AND INFORM THEM AS THEY ACQUIRE THE EDUCATION AND SKILLS NEEDED TO SUCCEED BEYOND HIGH SCHOOL. IMPLEMENTATION GRANTS TO SCHOOLS, CTES AND NONPROFIT ORGANIZATIONS SEEK TO FURTHER STUDENTS' ACCESS TO, AND UNDERSTANDING OF, THE VARIETY OF POST-SECONDARY OPPORTUNITIES. THESE GRANTS STRIVE TO INCREASE THE NUMBER OF MAINE HIGH SCHOOL GRADUATES WHO ASPIRE TO, AND ACTUALLY DO, ENROLL IN POST-SECONDARY STUDY. 508,884
2 SUPPORT EARLY SUCCESS IN COLLEGE/PROMOTING POST SECONDARY SUCCESS - IMPROVING STUDENTS' ABILITY TO PERSIST AND COMPLETE POST- SECONDARY STUDIES IN ORDER TO PREPARE THEM FOR SATISFYING AND REWARDING CAREERS. SCHOLARSHIPS - TYLER/GRANDMAISON SCHOLARSHIP - A 2000 SCHOLARSHIP FOR ONE SENIOR FROM EVERY MAINE HIGH SCHOOL, PUBLIC AND PRIVATE, CREDITED TOWARD THE THIRD SEMESTER OF POST-SECONDARY STUDY (IN STATE OR OUT OF STATE). CTE SCHOLARSHIP - A 2000 SCHOLARSHIP FOR ONE SENIOR FROM EVERY CTE USING SIMILAR CRITERIA TO THE TYLER/GRANDMAISON SCHOLARSHIP. THE CTE SCHOLARSHIP IS CREDITED TO THE SECOND SEMESTER OF POST-SECONDARY STUDY (IN STATE OR OUT OF STATE). THESE SCHOLARSHIPS ARE INTENDED TO REWARD COLLEGE PERSISTENCE. 655,950
3 ALIGNING EDUCATION AND EMPLOYMENT SYSTEMS - CREATING ALIGNMENT BETWEEN KEY STAKEHOLDERS AND DECISION MAKERS IN EDUCATION AND EMPLOYMENT SYSTEMS IN ORDER TO EXPOSE STUDENTS TO EMPLOYMENT OPPORTUNITIES IN MAINE AND TO REMOVE BARRIERS TO STUDENT OPPORTUNITY AND SUCCESS. ASPIRECOMMUNITY-WIDE GRANTS ARE INTENDED TO INCENTIVIZE A SCHOOL DISTRICT TO DEVELOP A COMPREHENSIVE, AGE APPROPRIATE PRE-K-12 COLLEGE AND CAREER ACCESS PROGRAM THAT, IN ADDITION TO IMPLEMENTING COLLEGE ACCESS PROGRAMS, INCLUDES BROAD EXPOSURE TO LOCAL BUSINESSES THROUGH JOB SHADOW AND INTERNSHIP EXPERIENCES. GRANTS ARE PROVIDED TO NONPROFIT ORGANIZATIONS. 508,356
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
42,956,604
b
Average of monthly cash balances.......................
1b
126,639
c
Fair market value of all other assets (see instructions)................
1c
1,642
d
Total (add lines 1a, b, and c).........................
1d
43,084,885
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
43,084,885
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
646,273
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
42,438,612
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,121,931
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,121,931
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
29,387
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,387
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,092,544
4
Recoveries of amounts treated as qualifying distributions................
4
16,238
5
Add lines 3 and 4............................
5
2,108,782
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,108,782
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,319,124
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,319,124
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2022
(c)
2022
(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,108,782
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 40,909
f Total of lines 3a through e ........ 40,909
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,319,124
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions).....
 
c Treated as distributions out of corpus (Election
required—see instructions)........
 
d Applied to 2023 distributable amount..... 2,108,782
e Remaining amount distributed out of corpus 210,342
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 251,251
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ...
 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
251,251
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 40,909
e Excess from 2023.... 210,342
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
aPaid during the year

PORTLAND ARTS & TECH HS

196 ALLEN AVE
PORTLAND,ME04103
NONE GOV CTE BEST PRACTICES GRANT 9,000

WESTBROOK REGIONAL VOC CTR

125 STROUDWATER ST
WESTBROOK,ME04092
NONE GOV CTE BEST PRACTICES GRANT 21,000

AOS77SHEAD HS

100 HIGH STREET
EASTPORT,ME04631
NONE GOV BRCC GRANT 6,634

ASHLAND DISTRICT SCHOOL

PO BOX 369
ASHLAND,ME04732
NONE GOV BRCC GRANT 5,750

AUBURN SCHOOL DEPT

60 COURT STREET
AUBURN,ME04210
NONE GOV BRCC GRANT 6,667

BOOTHBAY REGION HS

236 TOWNSEND AVE
BOOTHBAY HARBOR,ME04538
NONE GOV BRCC GRANT 6,667

BRUNSWICK SCHOOL DEPT

46 FEDERAL ST
BRUNSWICK,ME04011
NONE GOV BRCC GRANT 6,667

CAMDEN HILLS REGIONAL HS

25 KEELSON DR
ROCKPORT,ME04856
NONE GOV BRCC GRANT 6,667

ELLSWORTH HS

24 LEJOK ST
ELLSWORTH,ME04605
NONE GOV BRCC GRANT 6,667

RSU 82- FOREST HILLS CONS SCHOOL

606 MAIN ST
JACKMAN,ME04945
NONE GOV BRCC GRANT 20,000

LEE ACADEMY

26 WINN RD
LEE,ME04455
NONE GOV BRCC GRANT 6,667

LEWISTON HS

156 EAST AVE
LEWISTON,ME04240
NONE GOV BRCC GRANT 17,720

MACHIAS SCHOOL DEPT

291 COURT ST
MACHIAS,ME04654
NONE GOV BRCC GRANT 13,333

MSAD 59- MADISON AREA MEM HS

205 MAIN ST
MADISON,ME04950
NONE GOV BRCC GRANT 6,013

RSU 38 MCHS

45 MILLARD HARRISON RD
READFIELD,ME04355
NONE GOV BRCC GRANT 4,067

RSU 57 MASSABESIC HS

86 WEST RD
WATERBORO,ME04087
NONE GOV BRCC GRANT 6,667

RSU 18- MESSALONSKEE HS

41 HEATH ST
OAKLAND,ME04963
NONE GOV BRCC GRANT 4,627

MONMOUTH ACADEMY

96 ACADEMY RD
MONMOUTH,ME04259
NONE GOV BRCC GRANT 6,667

MONMOUTH MEMORIA SCHOOL

130 ACADEMY RD
MONMOUTH,ME04259
NONE GOV BRCC GRANT 6,667

MSAD 37- NARRAGUAGUS HS

1020 SACARAP RD
HARRINGTON,ME04643
NONE GOV BRCC GRANT 6,636

RSU 19- NOKOMIS REG HS

266 WILLIAMS RD
NEWPORT,ME04953
NONE GOV BRCC GRANT 6,667

OAK HILL HS

PO BOX 400
WALES,ME04280
NONE GOV BRCC GRANT 6,454

RSU 13 OCEANSIDE HS

28 LINCOLN ST
ROCKLAND,ME04841
NONE GOV BRCC GRANT 6,667

PICATAQUIS COMM HS

9 CAMPUS DR
GUILFORD,ME04443
NONE GOV BRCC GRANT 19,950

RSU 16- POLAND REG HS

1457 MAINE ST
POLAND,ME04274
NONE GOV BRCC GRANT 5,881

SOUTH PORTLAND HS

637 HIGHLAND AVE
SOUTH PORTLAND,ME04106
NONE GOV BRCC GRANT 6,638

RSU 50 SOUTHERN AROOSTOOK

922 DYER BROOK RD
DYER BROOK,ME04747
NONE GOV BRCC GRANT 6,667

STEARNS JR-SR HS

199 STATE ST SUITE 1
MILLINOCKET,ME04462
NONE GOV BRCC GRANT 6,667

RSU 24 SUNMER MEMORIAL HS

2165 US HIGHWAY 1
SULLIVAN,ME04664
NONE GOV BRCC GRANT 10,000

VAN BUREN DISTRICT SECONDARY SCHOOL

169 MAIN ST SUITE 102
VAN BUREN,ME04785
NONE GOV BRCC GRANT 20,000

WISCASSET MIDDLE HIGH SCHOOL

272 GARDINER RD
WISCASSET,ME04578
NONE GOV BRCC GRANT 14,334

CONY HIGH SCHOOL

60 PIERCE DR
AUGUSTA,ME04330
NONE GOV BRCC CONTINUED SUPPORT 11,570

JOBS FOR MAINE'S GRADUATES

65 STONE STREET
AUGUSTA,ME04330
NONE PC JMG/MELMAC PARTNERSHIP 87,000

COLLEGE BOARD

PO BOX 30171
NEW YORK,NY100870171
NONE PC PSAT GRANT 125,606

BANGOR CHRISTIAN SCHOOLS

1476 BROADWAY
BANGOR,ME04401
NONE GOV TGM SCHOLARSHIP 2,000

BANGOR HIGH SCHOOL

885 BROADWAY
BANGOR,ME04401
NONE GOV TGM SCHOLARSHIP 2,000

BELFAST AREA HIGH SCHOOL

98 WALDO AVE
BELFAST,ME04915
NONE GOV TGM SCHOLARSHIP 2,000

BIDDEFORD HIGH SCHOOL

20 MAPLEWOOD AVE
BIDDEFORD,ME04005
NONE GOV TGM SCHOLARSHIP 2,000

BOOTHBAY REGIONAL HIGH SCHOOL

236 TOWNSEND AVE
BOOTHBAY HARBOR,ME04538
NONE GOV TGM SCHOLARSHIP 2,000

BRUNSWICK HIGH SCHOOL

116 MAQUOIT RD
BRUNSWICK,ME04011
NONE GOV TGM SCHOLARSHIP 2,000

BUCKFIELD HIGH SCHOOL

160 MORRILL ST
BUCKFIELD,ME04220
NONE GOV TGM SCHOLARSHIP 2,000

BUCKSPORT HIGH SCHOOL

PO BOX 400
BUCKSPORT,ME04416
NONE GOV TGM SCHOLARSHIP 2,000

CALAIS HIGH SCHOOL

RT 1 BOX 22B
CALAIS,ME04619
NONE GOV TGM SCHOLARSHIP 2,000

CAMDEN HILLS REGIONAL HS

25 KEELSON DR
ROCKPORT,ME04856
NONE GOV TGM SCHOLARSHIP 2,000

CAPE ELIZABETH HS

345 OCEAN HOUSE RD
CAPE ELIZABETH,ME04107
NONE GOV TGM SCHOLARSHIP 2,000

CARIBOU HIGH SCHOOL

308 SWEDEN ST
CARIBOU,ME04736
NONE GOV TGM SCHOLARSHIP 2,000

CARRABEC HIGH SCHOOL

PO BOX 220
NORTH ANSON,ME04958
NONE GOV TGM SCHOLARSHIP 2,000

CASCO BAY HIGH SCHOOL

196 ALLEN AVE
PORTLAND,ME04103
NONE GOV TGM SCHOLARSHIP 2,000

CENTRAL AROOSTOOK JRSR HIGH SCHOOL

PO BOX 310
MARS HILL,ME04758
NONE GOV TGM SCHOLARSHIP 2,000

CENTRAL HIGH SCHOOL

PO BOX 370
CORINTH,ME04427
NONE GOV TGM SCHOLARSHIP 2,000

CHEVERUS HIGH SCHOOL

267 OCEAN AVE
PORTLAND,ME04103
NONE GOV TGM SCHOLARSHIP 2,000

CHOP POINT SCHOOL

425 CHOP POINT RD
WOOLWICH,ME04279
NONE GOV TGM SCHOLARSHIP 2,000

CONY HIGH SCHOOL

60 PIERCE DR
AUGUSTA,ME04330
NONE GOV TGM SCHOLARSHIP 2,000

DEER ISLE-STONINGTON HIGH SCHOOL

251 NORTH DEER ISLE RD
DEER ISLE,ME04627
NONE GOV TGM SCHOLARSHIP 2,000

DEERING HIGH SCHOOL

370 STEVENS AVE
PORTLAND,ME04103
NONE GOV TGM SCHOLARSHIP 2,000

DEXTER REGIONAL HIGH SCHOOL

12 ABBOTT HILL RD
DEXTER,ME04930
NONE GOV TGM SCHOLARSHIP 2,000

DIRIGO HIGH SCHOOL

99 WELD STREET
DIXFIELD,ME04224
NONE GOV TGM SCHOLARSHIP 2,000

EASTON HIGH SCHOOL

PO BOX 66
EASTON,ME04740
NONE GOV TGM SCHOLARSHIP 2,000

EDWARD LITTLE HIGH SCHOOL

77 HARRIS ST
AUBURN,ME04210
NONE GOV TGM SCHOLARSHIP 2,000

ERSKINE ACADEMY

309 WINDSOR RD
SOUTH CHINA,ME04358
NONE GOV TGM SCHOLARSHIP 2,000

FALMOUTH HIGH SCHOOL

74 WOODVILLE RD
FALMOUTH,ME04105
NONE GOV TGM SCHOLARSHIP 2,000

FT FAIRFIELD MIDDLE HIGH SCHOOL

28 HIGH SCHOOL DR
FT FAIRFIELD,ME04742
NONE GOV TGM SCHOLARSHIP 2,000

FT KENT COMMUNITY HIGH SCHOOL

84 PLEASANT ST
FT KENT,ME04743
NONE GOV TGM SCHOLARSHIP 2,000

FOXCROFT ACADEMY

357 WEST MAIN ST
DOVERFOXCROFT,ME04426
NONE GOV TGM SCHOLARSHIP 2,000

FRYEBURG ACADEMY

152 MAIN STREET
FRYEBURG,ME04037
NON GOV TGM SCHOLARSHIP 2,000

GEORGE STEVENS ACADEMY

23 UNION ST
BLUE HILL,ME04614
NONE GOV TGM SCHOLARSHIP 2,000

GORHAM HIGH SCHOOL

41 MORRILL AVE
GORHAM,ME04038
NONE GOV TGM SCHOLARSHIP 2,000

GOULD ACADEMY

PO BOX 860
BETHEL,ME04217
NONE GOV TGM SCHOLARSHIP 2,000

GREATER HOULTON CHRISTIAN ACADEMY

27 SCHOOL ST
HOULTON,ME04730
NONE GOV TGM SCHOLARSHIP 2,000

GREATER PORTLAND CHRISTIAN SCHOOL

1338 BROADWAY
SOUTH PORTLAND,ME04106
NONE GOV TGM SCHOLARSHIP 2,000

GREELY HIGH SCHOOL

303 MAIN ST
CUMBERLAND CENTER,ME04021
NONE GOV TGM SCHOLARSHIP 2,000

HAMPDEN ACADEMY

1 MAIN RD
NORTH HAMPDEN,ME04444
NONE GOV TGM SCHOLARSHIP 2,000

HEBRON ACADEMY

PO BOX 309
HEBRON,ME04238
NONE GOV TGM SCHOLARSHIP 2,000

HERMON HIGH SCHOOL

2415 RT 2
HERMON,ME04401
NONE GOV TGM SCHOLARSHIP 2,000

HODGDON HIGH SCHOOL

RR 4 BOX 1870
HOULTON,ME04730
NONE GOV TGM SCHOLARSHIP 2,000

HOULTON HIGH SCHOOL

7 BIRD ST
HOULTON,ME04730
NONE GOV TGM SCHOLARSHIP 2,000

ISLESBORO CENTRAL SCHOOL

ALUMNI DR
ISLESBORO,ME04848
NONE GOV TGM SCHOLARSHIP 2,000

JOHN BAPST MEMORIAL HS

100 BROADWAY
BANGOR,ME04401
NONE PC TGM SCHOLARSHIP 2,000

JONESPORT-BEALS HIGH SCHOOL

180 SNARE CREEK LANE
JONESPORT,ME04649
NONE GOV TGM SCHOLARSHIP 2,000

KENNEBUNK HIGH SCHOOL

89 FLETCHER STREET
KENNEBUNK,ME04043
NONE GOV TGM SCHOLARSHIP 2,000

KENTS HILL SCHOOL

PO BOX 257
KENTS HILL,ME04349
NONE PC TGM SCHOLARSHIP 2,000

LAKE REGION HIGH SCHOOL

1877 ROOSEVELT TRAIL
NAPLES,ME04055
NONE GOV TGM SCHOLARSHIP 2,000

LAWRENCE HIGH SCHOOL

9 SCHOOL ST
FAIRFIELD,ME04937
NONE GOV TGM SCHOLARSHIP 2,000

LEAVITT AREA HIGH SCHOOL

21 MATTHEWS WAY
TURNER,ME04282
NONE GOV TGM SCHOLARSHIP 2,000

LEE ACADEMY

26 WINN RD
LEE,ME04455
NONE GOV TGM SCHOLARSHIP 2,000

LEWISTON HIGH SCHOOL

156 EAST AVE
LEWISTON,ME04240
NONE GOV TGM SCHOLARSHIP 2,000

LINCOLN ACADEMY

81 ACADEMY HILL
NEWCASTLE,ME04553
NONE GOV TGM SCHOLARSHIP 4,000

LISBON HIGH SCHOOL

591 LISBON RD
LISBON FALLS,ME04252
NONE GOV TGM SCHOLARSHIP 2,000

MACHIAS MEMORIAL HIGH SCHOOL

109 COURT ST
MACHIAS,ME04654
NONE GOV TGM SCHOLARSHIP 2,000

MADAWSKA MIDDLEHIGH SCHOOL

135 SEVENTH AVE
MADAWASKA,ME04756
NONE GOV TGM SCHOLARSHIP 2,000

MADISON AREA MEMORIAL HIGH SCHOOL

486 MAIN STREET
MADISON,ME04950
NONE GOV TGM SCHOLARSHIP 2,000

MAINE ARTS ACADEMY

8 GOLDENROD 8
SIDNEY,ME04330
NON GOV TGM SCHOLARSHIP 2,000

MAINE CENTRAL INSTITUE

295 MAIN ST
PITTSFIELD,ME04967
NONE GOV TGM SCHOLARSHIP 2,000

MAINE COAST WALDORF HIGH SCHOOL

57 DESERT RD
FREEPORT,ME04032
NONE GOV TGM SCHOLARSHIP 2,000

MAINE SCHOOL OF SCIENCE AND MATH

95 HIGH ST
LIMESTONE,ME04750
NONE GOV TGM SCHOLARSHIP 2,000

MARANANCOOK COMMUNITY SCHOOL

2250 MILLARD HARRISON DR
READFIELD,ME04355
NONE GOV TGM SCHOLARSHIP 2,000

MARSHWOOD HIGH SCHOOL

260 RT 236
SOUTH BERWICK,ME04908
NONE GOV TGM SCHOLARSHIP 2,000

MASSABESIC HIGH SCHOOL

PO BOX 500
WATERBORO,ME04087
NONE GOV TGM SCHOLARSHIP 2,000

MATTANAWCOOK ACADEMY

33 REED DRIVE
LINCOLN,ME04457
NONE GOV TGM SCHOLARSHIP 2,000

MEDOMAK VALLEY HIGH SCHOOL

320 MANKTOWN RD
WALDOBORO,ME04572
NONE GOV TGM SCHOLARSHIP 2,000

MESSALONSKEE HIGH SCHOOL

131 MESSALONSKEE HIGH DR
OAKLAND,ME04963
NONE GOV TGM SCHOLARSHIP 2,000

MONMOUTH ACADEMY

96 ACADEMY ROAD
MONMOUTH,ME04259
NONE GOV TGM SCHOLARSHIP 2,000

MT DESERT ISLAND HS

PO BOX 180
MT DESERT,ME04660
NONE GOV TGM SCHOLARSHIP 2,000

MT VIEW HIGH SCHOOL

577 MOUNT VIEW RD
THORNDIKE,ME04986
NONE GOV TGM SCHOLARSHIP 2,000

MOUNTAIN VALLEY HIGH SCHOOL

799 HANCOCK ST
RUMFORD,ME04276
NONE GOV TGM SCHOLARSHIP 2,000

MT ABRAM REGIONAL HIGH SCHOOL

RR 1 BOX 760
STRONG,ME04983
NONE GOV TGM SCHOLARSHIP 2,000

MT ARARAT HIGH SCHOOL

73 EAGLES WAY
TOPSHAM,ME04086
NONE GOV TGM SCHOLARSHIP 2,000

MT BLUE HIGH SCHOOL

129 SEAMON RD
FARMINGTON,ME04938
NONE GOV TGM SCHOLARSHIP 2,000

NARRAGUAGUS HIGH SCHOOL

RR1 BOX 489
HARRINGTON,ME04643
NONE GOV TGM SCHOLARSHIP 2,000

NOBLE HIGH SCHOOL

388 SOMERSWORTH RD
NORTH BERWICK,ME03906
NONE GOV TGM SCHOLARSHIP 2,000

NOKOMIS REGIONAL HIGH SCHOOL

PO BOX 100
NEWPORT,ME04953
NONE GOV TGM SCHOLARSHIP 2,000

NORTH HAVEN COMMUNITY SCHOOL

RR1 BOX 699
NORTH HAVEN,ME04853
NONE GOV TGM SCHOLARSHIP 2,000

NORTH YARMOUTH ACADEMY

148 MAIN ST
YARMOUTH,ME04096
NONE GOV TGM SCHOLARSHIP 2,000

OAK HILL HIGH SCHOOL

PO BOX 400
SABATTUS,ME04280
NONE GOV TGM SCHOLARSHIP 2,000

OCEANSIDE HIGH SCHOOL-EAST

400 BROADWAY
ROCKLAND,ME04841
NONE GOV TGM SCHOLARSHIP 2,000

OLD ORCHARD BEACH HIGH SCHOOL

40 E EMERSON BLVD
OLD ORCHARD BEACH,ME04064
NONE GOV TGM SCHOLARSHIP 2,000

OLD TOWN HIGH SCHOOL

203 STILLWATER AVE
OLD TOWN,ME04468
NONE GOV TGM SCHOLARSHIP 2,000

ORONO HIGH SCHOOL

14 GOODRIDGE DR
ORONO,ME04473
NONE GOV TGM SCHOLARSHIP 2,000

OXFORD HILLS COMPREHENSIVE HS

256 MAIN ST
SOUTH PARIS,ME04281
NONE GOV TGM SCHOLARSHIP 2,000

PENOBSCOT VALLEY HIGH SCHOOL

PO BOX 328
HOWLAND,ME04448
NONE GOV TGM SCHOLARSHIP 2,000

PENQUIS VALLEY HIGH SCHOOL

48 PENQUIS DR
MILO,ME04463
NONE GOV TGM SCHOLARSHIP 2,000

PINE TREE ACADEMY

67 POWNAL RD
FREEPORT,ME04032
NONE GOV TGM SCHOLARSHIP 2,000

PISCATAQUIS COMMUNITY HIGH SCHOOL

9 CAMPUS DR
GUILFORD,ME04443
NONE GOV TGM SCHOLARSHIP 2,000

POLAND HIGH SCHOOL

1457 MAINE ST
POLAND,ME04274
NONE GOV TGM SCHOLARSHIP 2,000

PORTLAND HIGH SCHOOL

284 CUMBERLAND AVE
PORTLAND,ME04101
NONE GOV TGM SCHOLARSHIP 2,000

RANGELEY LAKES REGIONAL SCHOOL

PO BOX 97
RANGELEY,ME04970
NONE GOV TGM SCHOLARSHIP 2,000

RICHMOND HIGH SCHOOL

132 MAIN ST
RICHMOND,ME04357
NONE GOV TGM SCHOLARSHIP 2,000

SACOPEE VALLEY HS

115 SOUTH HIRAM RD
HIRAM,ME04041
NONE GOV TGM SCHOLARSHIP 2,000

SANFORD HIGH SCHOOL

52 SANFORD HS BLVD
SANFORD,ME04073
NONE GOV TGM SCHOLARSHIP 2,000

SCARBOROUGH HIGH SCHOOL

20 GORHAM RD
SCARBOROUGH,ME04074
NONE GOV TGM SCHOLARSHIP 2,000

SEARSPORT DISTRICT HIGH SCHOOL

24 MORTLAND RD
SEARSPORT,ME04974
NONE GOV TGM SCHOLARSHIP 2,000

SHEAD HIGH SCHOOL

89 HIGH ST
EASTPORT,ME04631
NONE GOV TGM SCHOLARSHIP 2,000

SKOWHEGAN AREA HIGH SCHOOL

61 ACADEMY CIRCLE
SKOWHEGAN,ME04976
NONE GOV TGM SCHOLARSHIP 2,000

SOUTH PORTLAND HIGH SCHOOL

637 HIGHLAND AVE
SOUTH PORTLAND,ME04106
NONE GOV TGM SCHOLARSHIP 2,000

SPRUCE MOUNTAIN HIGH SCHOOL

33 COMMUNITY DR
JAY,ME04239
NONE GOV TGM SCHOLARSHIP 2,000

ST DOMINIC ACADEMY

121 GRACELAWN RD
AUBURN,ME04210
NONE PC TGM SCHOLARSHIP 2,000

STEARNS HIGH SCHOOL

199 STATE STREET
MILLINOCKET,ME04462
NONE GOV TGM SCHOLARSHIP 2,000

SUMNER MEMORIAL HIGH SCHOOL

2456 US HIGHWAY 1
SULLIVAN,ME04664
NONE GOV TGM SCHOLARSHIP 2,000

TELSTAR HIGH SCHOOL

284 WALKERS MILLS RD
BETHEL,ME04217
NONE GOV TGM SCHOLARSHIP 2,000

TEMPLE ACADEMY

60 WEST RIVER ROAD
WATERVILLE,ME04901
NONE GOV TGM SCHOLARSHIP 2,000

THORNTON ACADEMY

438 MAIN ST
SACO,ME04072
NONE GOV TGM SCHOLARSHIP 2,000

VAN BUREN DISTRICT SECONDARY SCHOOL

321 MAIN STREET
VAN BUREN,ME04785
NONE GOV TGM SCHOLARSHIP 2,000

VINALHAVEN SCHOOL

RR1 BOX 112
VINALHAVEN,ME04863
NONE GOV TGM SCHOLARSHIP 2,000

WASHBURN DISTRICT HIGH SCHOOL

1359 MAIN ST
WASHBURN,ME04786
NONE GOV TGM SCHOLARSHIP 2,000

WASHINGTON ACADEMY

PO BOX 190
EAST MACHIAS,ME04630
NONE GOV TGM SCHOLARSHIP 2,000

WATERVILLE SENIOR HIGH SCHOOL

ONE BROOKLYN AVE
WATERVILLE,ME04901
NONE GOV TGM SCHOLARSHIP 2,000

WAYNEFLETE SCHOOL

360 SPRING ST
PORTLAND,ME04102
NONE GOV TGM SCHOLARSHIP 2,000

WELLS HIGH SCHOOL

200 SANFORD RD
WELLS,ME04090
NONE GOV TGM SCHOLARSHIP 2,000

WESTBROOK HIGH SCHOOL

125 STROUDWATER ST
WESTBROOK,ME04092
NONE GOV TGM SCHOLARSHIP 2,000

WHEATON COLLEGE

26 EAST MAIN ST
NORTON,MA02766
NONE GOV TGM SCHOLARSHIP 1,300

WINDHAM HIGH SCHOOL

406 GRAY RD
WINDHAM,ME04062
NONE GOV TGM SCHOLARSHIP 2,000

WINSLOW HIGH SCHOOL

14 DANIELSON ST
WINSLOW,ME04901
NONE GOV TGM SCHOLARSHIP 2,000

WINTHROP HIGH SCHOOL

211 RAMBLER RD
WINTHROP,ME04364
NONE GOV TGM SCHOLARSHIP 2,000

WISCASSET HIGH SCHOOL

272 GARDINER RD
WISCASSET,ME04578
NONE GOV TGM SCHOLARSHIP 2,000

WISDOM JRSR HIGH SCHOOL

PO BOX 69
ST AGATHA,ME04772
NONE GOV TGM SCHOLARSHIP 2,000

YARMOUTH HIGH SCHOOL

286 WEST ELM ST
YARMOUTH,ME04096
NONE GOV TGM SCHOLARSHIP 2,000

YORK HIGH SCHOOL

1 ROBERT STEVENS DR
YORK,ME03909
NONE GOV TGM SCHOLARSHIP 2,000

BATH REGIONAL CAREER & TECHNICAL CT

800 HIGH STREET
BATH,ME04530
NONE GOV CTE SCHOLARSHIP 2,000

BIDDEFORD REGIONAL CTR OF TECH

10 MAPLEWOOD AVE
BIDDEFORD,ME04005
NONE GOV CTE SCHOLARSHIP 2,000

CARIBOU AREA TECHNICAL CTR

308 SWEDEN STREET STE 1
CARIBOU,ME04736
NONE GOV CTE SCHOLARSHIP 2,000

COASTAL WASHINGTON CTY INST OF TECH

1 BULLDOG LANE
MACHIAS,ME04654
NONE GOV CTE SCHOLARSHIP 2,000

FOSTER CTE CENTER

129 SEAMON ROAD
FARMINGTON,ME04938
NONE GOV CTE SCHOLARSHIP 2,000

HANCOCK CTY TECHNICAL CTR

112 BOGGY BROOK ROAD
ELLSWORTH,ME04605
NONE GOV CTE SCHOLARSHIP 2,000

LAKE REGION VOC CTR

1879 ROOSEVELT TRAIL
NAPLES,ME04736
NONE GOV CTE SCHOLARSHIP 2,000

LEWISTON REGIONAL TECH CTR

156 EAST AVE
LEWISTON,ME04240
NONE GOV CTE SCHOLARSHIP 2,000

MAINE REGION TEN TECH SCHOOL

68 CHURCH RD
BRUNSWICK,ME04011
NONE GOV CTE SCHOLARSHIP 2,000

MID-MAINE TECHNICAL CTR

3 BROOKLYN AVE
WATERVILLE,ME04901
NONE GOV CTE SCHOLARSHIP 2,000

NORTH PENOBSCOT TECH REG 3

35 WEST BROADWAY
LINCOLN,ME04457
NONE GOV CTE SCHOLARSHIP 2,000

PORTLAND ARTS & TECH HIGH SCHOOL

196 ALLEN AVE
PORTLAND,ME04103
NONE GOV CTE SCHOLARSHIP 2,000

PRESQUE ISLE REGIONAL CTE

79 BLAKE STREET STE 3
PRESQUE ISLE,ME04769
NONE GOV CTE SCHOLARSHIP 2,000

REGION 11 OXFORD HILLS TECH SCHOOL

PO BOX 313
NORWAY,ME04268
NONE GOV CTE SCHOLARSHIP 2,000

REGION 8 MID-COAST SCHOOL OF TECH

1 MAIN STREET
ROCKLAND,ME04841
NONE GOV CTE SCHOLARSHIP 2,000

REGION 2 SCHOOL OF APPLIED TECH

PO BOX 307
HOULTON,ME04730
NONE GOV CTE SCHOLARSHIP 2,000

SOMERSET CAREER & TECH CTR

61 ACADEMY CIRCLE
SKOWHEGAN,ME04976
NONE GOV CTE SCHOLARSHIP 2,000

ST CROIX REGIONAL TECH CTR

34 BLUE DEVIL HILL STE 1
CALAIS,ME04619
NONE GOV CTE SCHOLARSHIP 2,000

ST JOHN VALLEY TECH CTR

PO BOX 509
FRENCHVILLE,ME04745
NONE GOV CTE SCHOLARSHIP 2,000

TRI-COUNTY TECH CTR

14 ABBOTT HILL ROAD
DEXTER,ME04930
NONE GOV CTE SCHOLARSHIP 2,000

UNITED TECHNOLOGIES CTR

200 HOGAN ROAD
BANGOR,ME04401
NONE GOV CTE SCHOLARSHIP 2,000

VAN BUREN REGIONAL VOCATIONAL CTR

169 MAIN ST SUITE 101
VAN BUREN,ME04785
NONE GOV CTE SCHOLARSHIP 2,000

WALDO COUNTY TECH CTR

1022 WATERVILLE ROAD
WALDO,ME04915
NONE GOV CTE SCHOLARSHIP 2,000

WESTBROOK REGIONAL VOC CTR

125 STROUDWATER ST
WESTBROOK,ME04092
NONE GOV CTE SCHOLARSHIP 2,000

EDUCATE MAINE

482 CONGRESS ST 303
PORTLAND,ME04101
NONE PC MAINESPARK INITIATIVE 50,000

EDUCATE MAINE

482 CONGRESS ST 303
PORTLAND,ME04101
NONE PC SUPP 2023 INDICATOR REPORT 10,000

JOBS FOR MAINE'S GRADUATES

65 STONE STREET
AUGUSTA,ME04330
NONE PC JMG COLLEGE SUCCESS PROGRAM 150,000

GALLUP INC

1001 GALLUP DR
OMAHA,NE68121
NONE PC GALLUP STUDENT POLL 8,879

GENERATION MAINE

65 STONE STREET
AUGUSTA,ME04330
NONE PC ASPIRE GORHAM 77,916

GENERATION MAINE

65 STONE STREET
AUGUSTA,ME04330
NONE PC ASPIRE BUCKSPORT 190,953

GENERATION MAINE

65 STONE STREET
AUGUSTA,ME04330
NONE PC ASPIRE SKOWHEGAN 170,607

COLLEGE OF THE ATLANTIC

105 EDEN STREET
BAR HARBOR,ME04609
NONE PC PPSS GRANT 25,000

EASTERN MAINE COMM COLLEGE

354 HOGAN ROAD
BANGOR,ME04401
NONE GOV PPSS GRANT 25,000

HUSSON UNIVERSITY

1 COLLEGE CIRCLE
BANGOR,ME04401
NONE GOV PPSS GRANT 23,855

NORTHERN MAINE COMM COLLEGE

33 EDGEMONT DR
PRESQUE ISLE,ME04769
NONE GOV PPSS GRANT 18,500

ST JOSEPHS COLLEGE OF MAINE

278 WHITES BRIDGE
STANDISH,ME04084
NONE PC PPSS GRANT 23,140

THOMAS COLLEGE

180 WEST RIVER RD
WATERVILLE,ME04901
NONE PC PPSS GRANT 20,280

UNIVERSITY OF MAINE AT AUGUSTA

46 UNIVERSITY DR
AUGUSTA,ME04330
NONE GOV PPSS GRANT 25,000

UNIVERSITY OF MAINE AT FARMINGTON

224 MAIN STREET
FARMINGTON,ME04938
NONE GOV PPSS GRANT 25,000

UNIVERSITY OF NEW ENGLAND

11 HILLS BEACH ROAD
BIDDEFORD,ME04005
NONE PC PPSS GRANT 24,875
Total .................................right arrow 3a 1,673,189
bApproved for future payment

RSU 71- BELFAST AREA HS
PO BOX 325
BELFAST,ME04915
NONE GOV BRCC GRANT 6,667

ERSKINE ACADEMY
309 WINDSOR RD
SOUTH CHINA,ME04358
NONE GOV BRCC GRANT 6,500

HODGDON HS
175 HODGDON MILLS RD
HOULTON,ME04730
NONE GOV BRCC GRANT 6,667

JONESPORT-BEALS HS
127 SNARE CREEK LANE
JONESPORT,ME04649
NONE GOV BRCC GRANT 4,943

KITTERY SCHOOL DISTRICT
200 ROGERS ROAD
KITTERY,ME03904
NONE GOV BRCC GRANT 4,892

MACHIAS SCHOOL DEPT
291 COURT ST
MACHIAS,ME04654
NONE GOV BRCC GRANT 6,667

MSAD 20- FT FAIRFIELD MIDDLEHS
28 HIGH SCHOOL DR
FT FAIRFIELD,ME04742
NONE GOV BRCC GRANT 6,467

RSU 58 MT ABRAM HS
1401 RANGELEY RD
PHILLIPS,ME04966
NONE GOV BRCC GRANT 6,667

MSAD 75- MT ARARAT
50 REPUBLIC AVE
TOPSHAM,ME04086
NONE GOV BRCC GRANT 6,667

OXFORD HILLS SCHOOL DEPT
232 MAIN ST
WALES,ME04280
NONE GOV BRCC GRANT 6,667

RSU24SUMNER MEMORIAL HS
2165 US HIGHWAY 1
SULLIVAN,ME04664
NONE GOV BRCC GRANT 5,154

WATERVILLE SENIOR HS
1 BROOKLYN AVE
WATERVILLE,ME04901
NONE GOV BRCC GRANT 6,550

WESTBROOK SCHOOL DEPT
117 STROUDWATR ST
WESTBROOK,ME04092
NONE GOV BRCC GRANT 5,826

YORK HIGH SCHOOL
1 ROBERT STEVENS DR
YORK,ME03909
NONE GOV BRCC GRANT 3,365

REGION 9 SCHOOL OF APPLIED TECH
377 RIVER ROAD
MEXICO,ME04257
NONE GOV CTE SCHOLARSHIP 2,000

SANFORD REGIONAL TECH CTR
52 SANFORD HIGH SCHOOL BL
SANFORD,ME04073
NONE GOV CTE SCHOLARSHIP 2,000

GENERATION MAINE
65 STONE STREET
AUGUSTA,ME04330
NONE PC ASPIRE GORHAM 23,669

GENERATION MAINE
65 STONE STREET
AUGUSTA,ME04330
NONE PC ASPIRE BUCKSPORT 52,493

GENERATION MAINE
65 STONE STREET
AUGUSTA,ME04330
NONE PC ASPIRE SKOWHEGAN 54,884

SOUTHERN MAINE COMMUNITY COLLEGE
2 FORT RD
SOUTH PORTLAND,ME04106
NONE GOV PPSS GRANT 24,960
Total ................................. right arrow 3b 243,705
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities ....     14 1,445,604  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............
    18 856,101  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS
        453
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   2,301,705 453
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,302,158
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name SmallBullet
Firm's EIN SmallBullet
Firm's address SmallBullet


Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 12,118 12,118    

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)
Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
CABINETS 2003-10-09 570 570 S/L 10.0000        
OFFICE FURNITURE 2003-11-17 2,520 2,520 S/L 10.0000        
COMPUTERS 2011-09-15 13,237 13,237 S/L 5.0000        
EQUIPMENT 2003-01-01 37,260 37,260 S/L 10.0000        
COMPUTER 2014-06-16 1,156 1,156 S/L 5.0000        
PRINTER AND FILE SERVER 2015-04-22 5,848 5,848 S/L 5.0000        
NETWORK UPGRADE 2015-05-29 1,688 1,688 S/L 5.0000        
COMPUTER EQUIPMENT 2016-03-17 1,691 1,691 S/L 5.0000        
2 WORKSTATIONS 2016-12-20 2,462 2,462 S/L 5.0000        

TY 2023 InvestmentsCorpStockSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Name of Stock End of Year Book Value End of Year Fair Market Value
VANGUARD EQUITY INC FUND ADMIRAL 1,829,697 1,704,656
VANGUARD EXPLORER FUND ADMIRAL 1,046,002 873,096
VANGUARD INTERMED-TERM INVT GR 2,445,405 2,144,309
VANGUARD LONG TERM- ADMIRAL 2,393,884 1,749,118
VANGUARD PRIMECAP CORE 4,471,555 4,320,774
VANGUARD ST INVT GR 3,532,999 3,378,376
VANGUARD TOT INTL STK INDEX FD 8,963,878 11,096,991
VANGUARD TOT BOND MKT INDEX FD 8,064,041 7,405,280
VANGUARD TOT STK MKT INDEX FD 2,479,357 8,607,729
VANGUARD US GROWTH FUND ADMIRAL 2,004,717 1,766,960

TY 2023 InvestmentsOtherSchedule2
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PRIVATE EQUITY INVESTMENT AT COST 10,000 15,042

TY 2023 LandEtcSchedule2
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE FURNITURE AND EQUIPMENT 66,432 66,432    


TY 2023 LegalFeesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 3,776 1,888   1,888


TY 2023 OtherAssetsSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
UNREALIZED GAIN (LOSS) ON INVESTMENT 1,872,424 5,820,796  


TY 2023 OtherDecreasesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Amount
CURRENT PROVISION FOR DEFERRED TAXES 54,882


TY 2023 OtherExpensesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
INTERNET AND WEBSITE EXPENSES 41,775 19,994   21,781
EQUIPMENT LEASE EXPENSE 13,778 2,429   11,350
POSTAGE AND EXPRESS MAILING 1,832 323   1,509
TELEPHONE 4,038 712   3,326
OFFICE SUPPLIES 5,236 923   4,313
INSURANCE 5,985 3,706   2,279
DUES AND SUBSCRIPTIONS 7,353 1,296   6,056
MISCELLANEOUS EXPENSES 283 50   232
PAYROLL PROCESSING EXPENSE 2,354 415   1,939


TY 2023 OtherIncomeSchedule2
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS 453 453  


TY 2023 OtherIncreasesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Amount
RETURN OF SCHOLARSHIPS/GRANTS 16,238
UNREALIZED GAINS 3,956,872


TY 2023 OtherLiabilitiesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAXES 26,027 80,909
PR TAX LIABILITIES 3,707 2,031


TY 2023 OtherProfessionalFeesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDITING 11,000 11,000    
INVESTMENT FEES/401KADMIN 62,601 62,601    
PROGRAM CONSULTANT 3,183     6,183
COACH CONSULTANTS 219,600     221,200
EVALUATIONS 50,700     38,625
SUMMER MELT SERVICES 7,820     7,820


TY 2023 TaxesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES PAID 35,000