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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
MELMAC EDUCATION FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)188 WHITTEN RD
  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$47,153,027J 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... 1,836,289 1,836,289  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,115
b Gross sales price for all assets on line 6a 244,962
7 Capital gain net income (from Part IV, line 2)... 10,115
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)....... Click to see attachment
List of Attached Documents:
// Content
381 381  
12 Total. Add lines 1 through 11........ 1,846,785 1,846,785  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 163,139 24,471   138,668
14 Other employee salaries and wages...... 54,234 13,559   40,675
15 Pension plans, employee benefits....... 38,207 6,815   31,392
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,069 23,037   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
292,367 71,562   219,105
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,387 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 30,619 5,396   25,223
21 Travel, conferences, and meetings....... 151,507 18,946   163,601
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
80,222 29,174   48,859
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 853,751 192,960   667,523
25 Contributions, gifts, grants paid....... 1,334,532 1,438,915
26 Total expenses and disbursements. Add lines 24 and 25 2,188,283 192,960   2,106,438
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -341,498
b Net investment income (if negative, enter -0-) 1,653,825
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 197,392    
2 Savings and temporary cash investments......... 1,694,349 822,345 822,345
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.......... 23,111 17,287 17,287
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 37,231,535 Click to see attachment
List of Attached Documents:
// Content
37,662,497 		46,061,002
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).......... 10,000 Click to see attachment
List of Attached Documents:
// Content
190,000 		252,393
14 Land, buildings, and equipment: basis right arrow66,431
Less: accumulated depreciation (attach schedule) right arrow66,431      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,820,796 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,977,183 38,692,129 47,153,027
Liabilities 17 Accounts payable and accrued expenses.......... 84,524 59,357
18 Grants payable................. 243,705 139,321
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
82,940 		Click to see attachment
List of Attached Documents:
// Content
117,606
23 Total liabilities (add lines 17 through 22)......... 411,169 316,284
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........... 44,566,014 38,375,845
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)..... 44,566,014 38,375,845
30 Total liabilities and net assets/fund balances (see instructions). 44,977,183 38,692,129
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
44,566,014
2
Enter amount from Part I, line 27a .....................
2
-341,498
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,822
4
Add lines 1, 2, and 3 ..........................
4
44,233,338
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,857,493
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
38,375,845
Form 990-PF (2024)
Form 990-PF (2024)
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 PUBLICLY TRADED SECURITIES      
b
c
d
e
(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 244,962   234,847 10,115
b
c
d
e
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       10,115
b
c
d
e
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 10,115
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  
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 22,988
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 0
3 Add lines 1 and 2........................... 3 22,988
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 22,988
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
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. Click to see attachment
List of Attached Documents:
// Content
8 0
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 27,012
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow27,012 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
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 2024 or the taxable year beginning in 2024? 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 arrow043300807
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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
1d
 
No
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 DIRECTOR
40.00 		152,466 25,249 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
PEGGY CRAWFORD CHAIRPERSON
2.00 		0 0 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
SCOTT MACDONALD VICE-CHAIRPERSON
2.00 		0 0 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
RON MILLIKEN SECRETARY
2.00 		0 0 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
JANELLE MACDERMOTT TREASURER
3.00 		0 0 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
DAVID PERKINS DIRECTOR
2.00 		0 0 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
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 		54,234 6,226 0
188 WHITTEN ROAD
AUGUSTA,ME043300807
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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 arrow0
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. 222,668
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). THESE SCHOLARSHIPS ARE INTENDED TO REWARD COLLEGE PERSISTENCE.*CTE SCHOLARSHIP - A $2000 SCHOLARSHIP FOR ONE SENIOR FROM EVERY MAINE CTE. 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 PERSISTENCE IN A POST SECONDARY PROGRAM. 497,599
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. ASPIRE! COMMUNITY-WIDE GRANTS ARE INTENDED TO INCENTIVIZE SCHOOL DISTRICTS TO DEVELOP COMPREHENSIVE, AGE APPROPRIATE PRE-K-16 COLLEGE AND CAREER ACCESS PROGRAMS THAT, IN ADDITION TO IMPLEMENTING ACCESS PROGRAMMING, INCLUDES BROAD EXPOSURE TO LOCAL BUSINESSES THROUGH JOB SHADOW AND INTERNSHIP EXPERIENCES.GRANTS ARE PROVIDED TO NONPROFIT ORGANIZATIONS. 718,648
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
45,439,097
b
Average of monthly cash balances.......................
1b
1,464,802
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
46,903,899
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
46,903,899
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
703,558
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
46,200,341
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,310,017
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
2,310,017
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
22,988
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,988
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,287,029
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,287,029
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,287,029
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
2,106,438
b
Program-related investments—total from Part VIII-B..................
1b
0
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
2,106,438
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,287,029
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 40,909
e From 2023...... 210,342
f Total of lines 3a through e ........ 251,251
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,106,438
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 2,106,438
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 180,591 180,591
(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 70,660
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
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...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		70,660
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 70,660
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

ASHLAND DISTRICT SCHOOL

PO BOX 369
ASHLAND,ME04732 		NONE GOV TGMS SCHOLARSHIP 2,000

BANGOR HIGH SCHOOL

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

BATH REGIONAL CAREER & TECHNICAL CENTER

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

BELFAST AREA HIGH SCHOOL

99 WALDO AVENUE
BELFAST,ME04916 		NONE GOV BRCC GRANT 6,667

BELFAST AREA HIGH SCHOOL

98 WALDO AVENUE
BELFAST,ME04915 		NONE GOV TGMS SCHOLARSHIP 2,000

BERWICK ACADEMY

31 ACADEMY STREET
BERWICK,ME03901 		NONE PC TGMS SCHOLARSHIP 2,000

BIDDEFORD HIGH SCHOOL

20 MAPLEWOOD AVENUE
BIDDEFORD,ME04005 		NONE GOV TGMS SCHOLARSHIP 2,000

BIDDEFORD REGIONAL CENTER OF TECHNOLOGY

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

BONNY EAGLE HIGH SCHOOL

700 SACO ROAD
STANDISH,ME04084 		NONE GOV TGMS SCHOLARSHIP 2,000

BOOTHBAY REGION HIGH SCHOOL

236 TOWNSEND AVENUE
BOOTHBAY HARBOR,ME04538 		NONE GOV TGMS SCHOLARSHIP 2,000

BRUNSWICK HIGH SCHOOL

116 MAQUOIT ROAD
BRUNSWICK,ME04011 		NONE GOV TGMS SCHOLARSHIP 2,000

BUCKSPORT HIGH SCHOOL

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

CALAIS MIDDLEHIGH SCHOOL

34 BLUE DEVIL HILL SUITE 2
CALAIS,ME04619 		NONE GOV TGMS SCHOLARSHIP 2,000

CAMDEN HILLS REGIONAL HIGH SCHOOL

25 KEELSON DRIVE
ROCKPORT,ME04856 		NONE GOV TGMS SCHOLARSHIP 2,000

CAPE ELIZABETH HIGH SCHOOL

345 OCEAN HOUSE ROAD
CAPE ELIZABETH,ME04107 		NONE GOV TGMS SCHOLARSHIP 2,000

CAPITAL AREA TECHNICAL CENTER

40 PIERCE DRIVE
AUGUSTA,ME04330 		NONE GOV CTE SCHOLARSHIP 2,000

CARIBOU HIGH SCHOOL

308 SWEDEN STREET
CARIBOU,ME04736 		NONE GOV TGMS SCHOLARSHIP 2,000

CARIBOU TECHNICAL CENTER

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

CASCO BAY HIGH SCHOOL

196 ALLEN AVENUE
PORTLAND,ME04103 		NONE GOV TGMS SCHOLARSHIP 2,000

CENTRAL AROOSTOOK JRSR HIGH SCHOOL

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

CHEVERUS HIGH SCHOOL

267 OCEAN AVENUE
PORTLAND,ME04103 		NONE PC TGMS SCHOLARSHIP 2,000

CHOP POINT SCHOOL

425 CHOP POINT ROAD
WOOLWICH,ME04579 		NONE GOV TGMS SCHOLARSHIP 2,000

COASTAL WASHINGTON COUNTY INST OF TECH

11 ADDISON ROAD
COLUMBIA,ME04623 		NONE GOV CTE SCHOLARSHIP 2,000

COLLEGE BOARD

PO BOX 30171
NEW YORK,NY100870171 		NONE PC PSAT GRANT 57,326

CONY HIGH SCHOOL

60 PIERCE DRIVE
AUGUSTA,ME04330 		NONE GOV BRCC GRANT CONTINUOUS 13,139

CONY HIGH SCHOOL

60 PIERCE DRIVE
AUGUSTA,ME04330 		NONE GOV TGMS SCHOLARSHIP 2,000

DEER ISLE-STONINGTON HIGH SCHOOL

251 NORTH DEER ISLE ROAD
DEER ISLE,ME04627 		NONE GOV TGMS SCHOLARSHIP 2,000

DEXTER REGIONAL HIGH SCHOOL

12 ABBOTT HILL ROAD
DEXTER,ME04930 		NONE GOV TGMS SCHOLARSHIP 2,000

DIRIGO HIGH SCHOOL

145 WELD STREET
DIXFIELD,ME04224 		NONE GOV TGMS SCHOLARSHIP 2,000

EAST GRAND SCHOOL

PO BOX 100
DANFORTH,ME04424 		NONE GOV TGMS SCHOLARSHIP 2,000

EDUCATE MAINE

483 CONGRESS STREET 303
PORTLAND,ME04102 		NONE PC EDUCATION INDICATORS 10,000

EDUCATE MAINE

482 CONGRESS STREET 303
PORTLAND,ME04101 		NONE PC MAINE SPARK 50,000

EDWARD LITTLE HIGH SCHOOL

77 HARRIS STREET
AUBURN,ME04210 		NONE GOV TGMS SCHOLARSHIP 2,000

ELLSWORTH HIGH SCHOOL

24 LEJOK STREET
ELLSWORTH,ME04605 		NONE GOV TGMS SCHOLARSHIP 2,000

ERSKINE ACADEMY

310 WINDSOR ROAD
SOUTH CHINA,ME04359 		NONE PC BRCC GRANT 6,500

ERSKINE ACADEMY

309 WINDSOR ROAD
SOUTH CHINA,ME04358 		NONE PC TGMS SCHOLARSHIP 2,000

FOREST HILLS HIGH SCHOOL

PO BOX 239
JACKMAN,ME04945 		NONE GOV TGMS SCHOLARSHIP 2,000

FORT FAIRFIELD MIDDLE HIGH SCHOOL

28 HIGH SCHOOL DRIVE - SUITE A
FORT FAIRFIELD,ME04742 		NONE GOV BRCC GRANT 6,467

FORT FAIRFIELD MIDDLE HIGH SCHOOL

28 HIGH SCHOOL DRIVE - SUITE A
FORT FAIRFIELD,ME04742 		NONE GOV TGMS SCHOLARSHIP 2,000

FORT KENT COMMUNITY HIGH SCHOOL

84 PLEASANT STREET
FORT KENT,ME04743 		NONE GOV TGMS SCHOLARSHIP 2,000

FOSTER CTE CENTER

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

FOXCROFT ACADEMY

357 WEST MAIN STREET
DOVERFOXCROFT,ME04426 		NONE PC TGMS SCHOLARSHIP 2,000

FREEPORT HIGH SCHOOL

30 HOLBROOK STREET
FREEPORT,ME04032 		NONE GOV TGMS SCHOLARSHIP 2,000

FRYEBURG ACADEMY

745 MAIN STREET
FRYEBURG,ME04037 		NONE PC TGMS SCHOLARSHIP 2,000

GARDINER AREA HIGH SCHOOL

40 WEST HILL ROAD
GARDINER,ME04345 		NONE GOV TGMS SCHOLARSHIP 2,000

GEN US

65 STONE STREET
AUGUSTA,ME04334 		NONE SO III FI ASPIRE GRANT 52,493

GEN US

65 STONE STREET
AUGUSTA,ME04334 		NONE SO III FI ASPIRE GRANT 219,873

GEN US

65 STONE STREET
AUGUSTA,ME04334 		NONE SO III FI ASPIRE GRANT 54,884

GEN US

65 STONE STREET
AUGUSTA,ME04334 		NONE SO III FI ASPIRE GRANT 23,669

GEN US

65 STONE STREET
AUGUSTA,ME04330 		NONE SO III FI ASPIRE GRANT 76,879

GEN US

65 STONE STREET
AUGUSTA,ME04336 		NONE SO III FI ASPIRE GRANT 41,090

GEN US

65 STONE STREET
AUGUSTA,ME04332 		NONE SO III FI ASPIRE GRANT 189,760

GEORGE STEVENS ACADEMY

23 UNION STREET
BLUE HILL,ME04614 		NONE PC TGMS SCHOLARSHIP 2,000

GORHAM HIGH SCHOOL

41 MORRILL AVENUE
GORHAM,ME04038 		NONE GOV TGMS SCHOLARSHIP 2,000

GOULD ACADEMY

PO BOX 860
BETHEL,ME04217 		NONE PC TGMS SCHOLARSHIP 2,000

GRAY-NEW GLOUCESTER HIGH SCHOOL

10 LIBBY HILL ROAD
GRAY,ME04039 		NONE GOV TGMS SCHOLARSHIP 2,000

GREATER PORTLAND CHRISTIAN SCHOOL

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

GREELY HIGH SCHOOL

303 MAIN STREET
CUMBERLAND CENTER,ME04021 		NONE GOV TGMS SCHOLARSHIP 2,000

GREENVILLE CONSOLIDATED SCHOOL

PO BOX 100
GREENVILLE,ME04441 		NONE GOV TGMS SCHOLARSHIP 2,000

HALL-DALE HIGH SCHOOL

97 MAPLE STREET
FARMINGDALE,ME04344 		NONE GOV TGMS SCHOLARSHIP 2,000

HANCOCK COUNTY TECHNICAL CENTER

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

HANCOCK COUNTY TECHNICAL CENTER

112 BOGGY BROOK ROAD
ELLSWORTH,ME04605 		NONE GOV BRCC GRANT 10,504

HEBRON ACADEMY

PO BOX 309
HEBRON,ME042380309 		NONE PC TGMS SCHOLARSHIP 2,000

HERMON HIGH SCHOOL

2415 ROUTE 2
HERMON,ME04401 		NONE GOV TGMS SCHOLARSHIP 2,000

HODGDON HIGH SCHOOL

175 HODGDON MILLS ROAD
HOULTON,ME04730 		NONE GOV TGMS SCHOLARSHIP 2,000

HODGDON HIGH SCHOOL

176 HODGDON MILLS ROAD
HOULTON,ME04731 		NONE GOV BRCC GRANT 6,667

HOULTON MIDDLE-HIGH SCHOOL

7 BIRD STREET
HOULTON,ME04730 		NONE GOV TGMS SCHOLARSHIP 2,000

ISLESBORO CENTRAL SCHOOL

159 ALUMNI DRIVE
ISLESBORO,ME04848 		NONE GOV TGMS SCHOLARSHIP 2,000

JOBS FOR MAINE'S GRADUATES

65 STONE STREET
AUGUSTA,ME04330 		NONE PC JMG/MELMAC PARTNERSHIP 58,000

JOBS FOR MAINE'S GRADUATES

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

JOHN BAPST MEMORIAL HIGH SCHOOL

100 BROADWAY
BANGOR,ME04401 		NONE GOV TGMS SCHOLARSHIP 2,000

JONESPORT-BEALS HIGH SCHOOL

180 SNARE CREEK LANE
JONESPORT,ME04649 		NONE GOV BRCC GRANT 4,943

JONESPORT-BEALS HIGH SCHOOL

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

KENNEBUNK HIGH SCHOOL

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

KENTS HILL SCHOOL

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

KITTERY SCHOOL DISTRICT

200 ROGERS RD
KITTERY,ME03904 		NONE GOV BRCC GRANT 4,892

LAKE REGION VOCATIONAL CENTER

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

LAWRENCE HIGH SCHOOL

9 SCHOOL STREET
FAIRFIELD,ME04937 		NONE GOV TGMS SCHOLARSHIP 2,000

LEAVITT AREA HIGH SCHOOL

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

LEE ACADEMY

26 WINN ROAD
LEE,ME04455 		NONE PC TGMS SCHOLARSHIP 2,000

LEWISTON HIGH SCHOOL

156 EAST AVENUE
LEWISTON,ME04240 		NONE GOV TGMS SCHOLARSHIP 2,000

LEWISTON REGIONAL TECHNICAL CENTER

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

LINCOLN ACADEMY

81 ACADEMY HILL
NEWCASTLE,ME04553 		NONE PC TGMS SCHOLARSHIP 2,000

LISBON HIGH SCHOOL

2 SUGG DRIVE
LISBON,ME04252 		NONE GOV TGMS SCHOLARSHIP 2,000

MACHIAS MEMORIAL HIGH SCHOOL

1 BULLDOG LANE
MACHIAS,ME04654 		NONE GOV BRCC GRANT 6,667

MACHIAS MEMORIAL HIGH SCHOOL

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

MADAWASKA MIDDLEHIGH SCHOOL

135 SEVENTH AVENUE
MADWASKA,ME04756 		NONE GOV TGMS SCHOLARSHIP 2,000

MADISON AREA MEMORIAL HIGH SCHOOL

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

MAINE CENTRAL INSTITUTE

295 MAIN STREET
PITTSFIELD,ME04967 		NONE PC TGMS SCHOLARSHIP 2,000

MAINE CONNECTIONS ACADEMY

8 SCIENCE PARK ROAD FLOOR 3
SCARBOROUGH,ME04074 		NONE PC TGMS SCHOLARSHIP 2,000

MAINE SCHOOL OF SCIENCE AND MATHEMATICS

95 HIGH STREET
LIMESTONE,ME04750 		NONE PC TGMS SCHOLARSHIP 2,000

MARANACOOK COMMUNITY SCHOOL

2250 MILLARD HARRISON DRIVE
READFIELD,ME04355 		NONE GOV TGMS SCHOLARSHIP 2,000

MARSHWOOD HIGH SCHOOL

260 DOW HIGHWAY
BERWICK,ME03908 		NONE GOV TGMS SCHOLARSHIP 2,000

MASSABESIC HIGH SCHOOL

88 WEST ROAD
WATERBORO,ME04087 		NONE GOV TGMS SCHOLARSHIP 2,000

MATTANAWCOOK ACADEMY

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

MEDOMAK VALLEY HIGH SCHOOL

320 MANKTOWN ROAD
WALDOBORO,ME04572 		NONE GOV TGMS SCHOLARSHIP 2,000

MESSALONSKEE HIGH SCHOOL

131 MESSALONSKEE HIGH DRIVE
OAKLAND,ME04963 		NONE GOV TGMS SCHOLARSHIP 2,000

MID-MAINE TECHNICAL CENTER

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

MONMOUTH ACADEMY

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

MORSE HIGH SCHOOL

826 HIGH STREET
BATH,ME04530 		NONE GOV TGMS SCHOLARSHIP 2,000

MOUNT DESERT ISLAND HIGH SCHOOL

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

MOUNT VIEW HIGH SCHOOL

577 MOUNT VIEW ROAD
THORNDIKE,ME04986 		NONE GOV TGMS SCHOLARSHIP 2,000

MOUNTAIN VALLEY HIGH SCHOOL

799 HANCOCK STREET
RUMFORD,ME04276 		NONE GOV TGMS SCHOLARSHIP 2,000

MT ABRAM HIGH SCHOOL

1513 SALEM ROAD
STRONG,ME04983 		NONE GOV BRCC GRANT 6,667

MT ARARAT HIGH SCHOOL

50 REPUBLIC AVE
TOPSHAM,ME04086 		NONE GOV BRCC GRANT 6,667

MT ABRAM REGIONAL HIGH SCHOOL

1513 SALEM ROAD
STRONG,ME04983 		NONE GOV TGMS SCHOLARSHIP 2,000

MT BLUE HIGH SCHOOL

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

NARRAGUAGUS HIGH SCHOOL

1611 MAIN STREET
HARRINGTON,ME04643 		NONE GOV TGMS SCHOLARSHIP 2,000

NOKOMIS REGIONAL HIGH SCHOOL

291 WILLIAMS ROAD SUITE 2
NEWPORT,ME04953 		NONE GOV TGMS SCHOLARSHIP 2,000

NORTH HAVEN COMMUNITY SCHOOL

RR 1 BOX 699
NORTH HAVEN,ME04853 		NONE GOV TGMS SCHOLARSHIP 2,000

NORTH YARMOUTH ACADEMY

148 MAIN STREET
YARMOUTH,ME04096 		NONE PC TGMS SCHOLARSHIP 2,000

NORTHERN PENOBSCOT TECH REGION 3

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

OAK HILL HIGH SCHOOL

PO BOX 400
WALES,ME04280 		NONE GOV TGMS SCHOLARSHIP 2,000

OAK HILL HIGH SCHOOL

PO BOX 400
WALES,ME04280 		NONE GOV BRCC GRANT 6,667

OCEANSIDE HIGH SCHOOL

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

OLD ORCHARD BEACH HIGH SCHOOL

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

OLD TOWN HIGH SCHOOL

203 STILLWATER AVENUE
OLD TOWN,ME04468 		NONE GOV TGMS SCHOLARSHIP 2,000

ORONO HIGH SCHOOL

14 GOODRIDGE DRIVE
ORONO,ME04473 		NONE GOV TGMS SCHOLARSHIP 2,000

OVERMAN ACADEMY

78 WATER STREET
SKOWHEGAN,ME04976 		NONE GOV TGMS SCHOLARSHIP 2,000

PENOBSCOT VALLEY HIGH SCHOOL

23 CROSS STREET
HOWLAND,ME04448 		NONE GOV TGMS SCHOLARSHIP 2,000

PINE TREE ACADEMY

67 POWNAL ROAD
FREEPORT,ME04032 		NONE PC TGMS SCHOLARSHIP 2,000

PISCATAQUIS COMMUNITY HIGH SCHOOL

9 CAMPUS DRIVE
GUILFORD,ME04443 		NONE GOV TGMS SCHOLARSHIP 2,000

POLAND REGIONAL HIGH SCHOOL

1457 MAINE STREET
POLAND,ME04274 		NONE GOV TGMS SCHOLARSHIP 2,000

PORTLAND ARTS & TECHNOLOGY HIGH SCHOOL

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

PORTLAND HIGH SCHOOL

284 CUMBERLAND AVENUE
PORTLAND,ME04101 		NONE GOV TGMS SCHOLARSHIP 2,000

PRESQUE ISLE HIGH SCHOOL

16 GRIFFIN STREET
PRESQUE ISLE,ME04769 		NONE GOV TGMS SCHOLARSHIP 2,000

PRESQUE ISLE REGIONAL CTE

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

RANGELEY LAKES REGIONAL SCHOOL

43 MENDOLIA ROAD
RANGELEY,ME04970 		NONE GOV TGMS SCHOLARSHIP 2,000

REGION 11 OXFORD HILLS TECHNICAL SCHOOL

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

REGION 8 MID-COAST SCHOOL OF TECHNOLOGY

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

REGION 9 SCHOOL OF APPLIED TECHNOLOGY

377 RIVER ROAD
MEXICO,ME04257 		NONE GOV CTE SCHOLARSHIP 2,000

REGION 9 SCHOOL OF APPLIED TECHNOLOGY

377 RIVER ROAD
MEXICO,ME04257 		NONE GOV CTE SCHOLARSHIP 2,000

REGION TEN TECHNICAL HIGH SCHOOL

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

REGION TWO SCHOOL OF APPLIED TECHNOLOGY

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

RICHMOND HIGH SCHOOL

132 MAIN STREET
RICHMOND,ME04357 		NONE GOV TGMS SCHOLARSHIP 2,000

SACOPEE VALLEY HIGH SCHOOL

115 SOUTH HIRAM ROAD
HIRAM,ME04041 		NONE GOV TGMS SCHOLARSHIP 2,000

SANFORD HIGH SCHOOL

100 ALUMNI BLVD
SANFORD,ME04073 		NONE GOV TGMS SCHOLARSHIP 2,000

SANFORD REGIONAL TECHNICAL CENTER

100 ALUMNI BLVD
SANFORD,ME04073 		NONE GOV CTE SCHOLARSHIP 2,000

SANFORD REGIONAL TECHNICAL CENTER

100 ALUMNI BLVD
SANFORD,ME04073 		NONE GOV CTE SCHOLARSHIP 2,000

SCARBOROUGH HIGH SCHOOL

11 MUNICIPAL DRIVE
SCARBOROUGH,ME04074 		NONE GOV TGMS SCHOLARSHIP 2,000

SCHENCK HIGH SCHOOL

45 NORTH STREET SUITE 1
EAST MILLINOCKET,ME04430 		NONE GOV TGMS SCHOLARSHIP 2,000

SEARSPORT DISTRICT HIGH SCHOOL

24 MORTLAND ROAD
SEARSPORT,ME04974 		NONE GOV TGMS SCHOLARSHIP 2,000

SHEAD HIGH SCHOOL

89 HIGH STREET
EASTPORT,ME04631 		NONE GOV TGMS SCHOLARSHIP 2,000

SKOWHEGAN AREA HIGH SCHOOL

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

SOMERSET CAREER & TECH CENTER

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

SOUTH PORTLAND HIGH SCHOOL

637 HIGHLAND AVENUE
SOUTH PORTLAND,ME04106 		NONE GOV TGMS SCHOLARSHIP 2,000

SOUTHERN AROOSTOOK COMMUNITY HIGH SCHOOL

922 DYER BROOK ROAD
DYER BROOK,ME04747 		NONE GOV TGMS SCHOLARSHIP 2,000

SOUTHERN MAINE COMMUNITY COLLEGE

2 ORT RD
SOUTH PORTLAND,ME04106 		NONE GOV PPSS GRANT 24,960

SPRUCE MOUNTAIN HIGH SCHOOL

33 COMMUNITY DRIVE
JAY,ME04239 		NONE GOV TGMS SCHOLARSHIP 2,000

ST CROIX REGIONAL TECHNICAL CENTER

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

ST DOMINIC ACADEMY

121 GRACELAWN ROAD
AUBURN,ME04210 		NONE POF TGMS SCHOLARSHIP 2,000

ST JOHN VALLEY TECHNOLOGY CENTER

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

STEARNS HIGH SCHOOL

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

SUMNER MEMORIAL HIGH SCHOOL

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

SUMNER MEMORIAL HIGH SCHOOL

2456 US HIGHWAY 1
SULLIVAN,ME04664 		NONE GOV BRCC GRANT 5,154

THORNTON ACADEMY

438 MAIN STREET
SACO,ME04072 		NONE PC TGMS SCHOLARSHIP 2,000

TRAIP ACADEMY

12 WILLIAMS AVENUE
KITTERY,ME03904 		NONE GOV TGMS SCHOLARSHIP 2,000

TRI-COUNTY TECHNICAL CENTER

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

UNITED TECHNOLOGIES CENTER

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

UNIVERSITY OF NEW ENGLAND

11 HILLS BEACH ROAD
BIDDEFORD,ME04005 		NONE PC PPSS GRANT 22,639

UPPER KENNEBEC VALLEY HIGH SCHOOL

PO BOX 649
BINGHAM,ME04920 		NONE GOV TGMS SCHOLARSHIP 2,000

VAN BUREN DISTRICT SECONDARY SCHOOL

169 MAIN STREET SUITE 102
VAN BUREN,ME04785 		NONE GOV TGMS SCHOLARSHIP 2,000

VAN BUREN REGIONAL VOCATIONAL CENTER

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

WALDO COUNTY TECHNICAL CENTER

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

WASHINGTON ACADEMY

PO BOX 190
MACHIAS,ME04630 		NONE PC TGMS SCHOLARSHIP 2,000

WATERVILLE SENIOR HIGH SCHOOL

1 BROOKLYN AVENUE
WATERVILLE,ME04901 		NONE GOV BRCC GRANT 6,550

WATERVILLE SENIOR HIGH SCHOOL

1 BROOKLYN AVENUE
WATERVILLE,ME04901 		NONE GOV TGMS SCHOLARSHIP 2,000

WAYNFLETE SCHOOL

360 SPRING STREET
PORTLAND,ME04102 		NONE PC TGMS SCHOLARSHIP 2,000

WELLS HIGH SCHOOL

200 SANFORD ROAD
WELLS,ME04090 		NONE GOV TGMS SCHOLARSHIP 2,000

WESTBROOK HIGH SCHOOL

125 STROUDWATER STREET
WESTBROOK,ME04092 		NONE GOV TGMS SCHOLARSHIP 2,000

WESTBROOK HIGH SCHOOL

125 STROUDWATER STREET
WESTBROOK,ME04092 		NONE GOV BRCC GRANT 5,826

WESTBROOK REGIONAL VOCATIONAL CENTER

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

WINDHAM HIGH SCHOOL

406 GRAY ROAD
WINDHAM,ME04062 		NONE GOV TGMS SCHOLARSHIP 2,000

WINSLOW HIGH SCHOOL

20 DANIELSON STREET
WINSLOW,ME04901 		NONE GOV TGMS SCHOLARSHIP 2,000

WINTHROP HIGH SCHOOL

211 RAMBLER ROAD
WINTHROP,ME04364 		NONE GOV TGMS SCHOLARSHIP 2,000

WISCASSET HIGH SCHOOL

272 GARDINER ROAD
WISCASSET,ME04578 		NONE GOV TGMS SCHOLARSHIP 2,000

WISDOM MIDDLEHIGH SCHOOL

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

WOODLAND JRSR HIGH SCHOOL

14 FIRST AVENUE
BAILEYVILLE,ME04694 		NONE GOV TGMS SCHOLARSHIP 2,000

YARMOUTH HIGH SCHOOL

286 WEST ELM STREET
YARMOUTH,ME04096 		NONE GOV TGMS SCHOLARSHIP 2,000

YORK HIGH SCHOOL

1 ROBERT STEVENS DR
YORK,ME03909 		NONE GOV BRCC GRANT 3,365
Total .................................right arrow 3a 1,438,915
bApproved for future payment

EDUCATE MAINE
484 CONGRESS STREET 303
PORTLAND,ME04103 		NONE PC CTE SUPPORT 3,000

GEN US
65 STONE STREET
AUGUSTA,ME04335 		NONE SO III FI ASPIRE GRANT 50,789

GEN US
65 STONE STREET
AUGUSTA,ME04337 		NONE SO III FI ASPIRE GRANT 39,514

GEN US
65 STONE STREET
AUGUSTA,ME04333 		NONE SO III FI ASPIRE GRANT 44,018

NOBLE HIGH SCHOOLMSAD #60
100 NOBLE WAY
BERWICK,ME03906 		NONE GOV TGMS SCHOLARSHIP 2,000
Total ................................. right arrow 3b 139,321
Form 990-PF (2024)
Form 990-PF (2024)
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 1,836,289  
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 10,115  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS 		    01   381
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,846,404 381
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,846,785
(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.)
11A OTHER INCOME
Form 990-PF (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 24,069 23,037   0

TY 2024 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 ADM 2,008,275 1,963,065
VANGUARD EXPLORER FUND ADM 1,105,965 963,669
VANGUARD INT TERM INV GRADE 2,445,405 2,114,664
VANGUARD LT INV GRADE 2,393,884 1,620,032
VANGUARD PRIMECAP CORE FUND 4,798,009 4,879,923
VANGUARD ST INV GRADE 3,459,736 3,334,191
VANGUARD INT'L STOCK INDEX 8,963,877 11,294,865
VANGUARD TOTAL BOND MKT 8,064,041 7,229,872
VANGUARD TOTAL STOCK MKT 2,479,357 10,510,953
VANGUARD US GROWTH FUND ADM 1,943,948 2,149,768

TY 2024 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 190,000 252,393

TY 2024 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 INVESTMENTS 5,820,796 0 0


TY 2024 OtherDecreasesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Amount
BEGINNING OF YEAR UNREALIZED GAINS - REMOVE FROM BOOK VALUE 5,820,796
CURRENT PROVISION FOR DEFERRED TAXES 36,697


TY 2024 OtherExpensesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE 74,569 25,527   46,853
INSURANCE 5,653 3,647   2,006


TY 2024 OtherIncomeSchedule2
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS 381 381 381


TY 2024 OtherIncreasesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Amount
RETURN OF SCHOLARSHIPS/GRANTS 8,822


TY 2024 OtherLiabilitiesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAXES 80,909 117,606
PR TAX LIABILITIES 2,031 0


TY 2024 OtherProfessionalFeesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 70,246 70,246   0
OTHER PROFESSIONAL FEES 222,121 1,316   219,105


TY 2024 TaxesSchedule
Name:
MELMAC EDUCATION FOUNDATION
EIN:
01-0390854
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES PAID 19,387 0   0