Nonprofit · EIN 77-0612679
CATHOLIC FOUNDATION OF MAINE
Tax-exempt · PORTLAND, ME 04104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,823,065 | $2,624,718 | $3,198,347 | $45,354,955 | $45,649 | $45,309,306 |
| June 30, 2024 | 990 | $2,666,308 | $2,267,820 | $398,488 | $40,430,260 | $45,916 | $40,384,344 |
| June 30, 2023 | 990 | $3,417,375 | $1,662,962 | $1,754,413 | $37,852,248 | $40,078 | $37,812,170 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,718,240
- Program service revenue
- $263,630
- Investment income
- $2,841,195
- Net gain from sales of assets
- $1,511,050
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,630,738
- Compensation of officers, directors and key employees
- $99,989
- Other salaries and wages
- $230,570
- Salaries, compensation and benefits (total)
- $419,763
- Professional fundraising fees
- $0
- Travel
- $1,007
- Program services (functional)
- $1,630,738
- Management and general (functional)
- $617,242
- Fundraising (functional)
- $376,738
Balance sheet and other
- Total assets, start of year
- $40,430,260
- Total assets, end of year
- $45,354,955
- Total liabilities, end of year
- $45,649
- Net assets, end of year
- $45,309,306
- Publicly traded securities
- $31,818,400
- Net assets without donor restrictions
- $3,035,875
- Net assets with donor restrictions
- $42,273,431
- Gross receipts
- $31,986,370
- Employees
- 6
- Volunteers
- 7
- Year formed
- 2003
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Scott Graff | CFO & Treasurer (end 6/26/2025) Trustee or director, Officer | 1 | $0 | $189,047 | $7,296 |
| John Bernier | CFO & Treasurer Trustee or director, Officer | 1 | $0 | $113,445 | $0 |
| Kristen Wells | CEO Officer | 40 | $99,989 | $0 | $0 |
| Bishop James T Ruggieri | Ex-Officio President Trustee or director, Officer | 1 | $0 | $37,899 | $11,242 |
| Msgr Marc B Caron | Director Trustee or director | 1 | $0 | $38,017 | $0 |
| Rick Bisson | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Mistretta | Director Trustee or director | 1 | $0 | $0 | $0 |
| Aaron Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Martha Muldoon | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alex Sharp | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nick McCrum | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lori Boulay | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Scott Graff | CFO & Treasurer Trustee or director, Officer | 1 | $0 | $184,548 | $20,300 |
| Elizabeth Badger | Executive Director (end 5/2024) Officer | 40 | $111,305 | $0 | $13,071 |
| Bishop Robert Deeley JCD | President (end 2/2024) Trustee or director, Officer | 1 | $0 | $48,519 | $38,784 |
| Msgr Marc B Caron | Director Trustee or director | 1 | $0 | $36,725 | $26,100 |
| Bishop James Ruggieri | President (start 2/2024) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Rick Bisson | Director (end 9/2023) Trustee or director | 1 | $0 | $0 | $0 |
| Laurie Downey | Director Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Mistretta | Director (end 9/2023) Trustee or director | 1 | $0 | $0 | $0 |
| Aaron Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Martha Muldoon | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alex Sharp | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nick McCrum | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lori Boulay | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Kristen Wells | Executive Director (start 5/2024) Officer | 40 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Scott Graff | CFO & Treasurer Trustee or director, Officer | 1 | $0 | $177,872 | $19,566 |
| Elizabeth Badger | Executive Director Officer | 40 | $0 | $107,398 | $12,956 |
| Bishop Robert Deeley JCD | President Trustee or director, Officer | 1 | $0 | $46,962 | $38,497 |
| Msgr Marc B Caron | Director Trustee or director | 1 | $0 | $37,386 | $23,203 |
| Lori Boulay | Director Trustee or director | 1 | $0 | $0 | $0 |
| MaryEllen FitzGerald | Director (end 9/2022) Trustee or director | 1 | $0 | $0 | $0 |
| Michael Malloy | Director (end 6/2023) Trustee or director | 1 | $0 | $0 | $0 |
| Aaron Morris | Director Trustee or director | 1 | $0 | $0 | $0 |
| Martha Muldoon | Director Trustee or director | 1 | $0 | $0 | $0 |
| Anthony Manhart | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nick McCrum | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Alex Sharp | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11559, PORTLAND, ME 04104-7559
- Principal officer (990 for 2024)
- Bishop James Ruggieri, PO Box 799, Portland, ME 04104
- Signed the 990
- John Bernier, CFO & Treasurer
- Phone
- (207) 773-6471
- Return prepared by
- Baker Newman & Noyes
Mission
The Catholic Foundation of Maine offers opportunities to charitably invest through donations or gifts to endowments.
Program accomplishments
- The Catholic Foundation of Maine maintains and administers endowments for the benefit of parishes, clergy, students, education, ministries, and organizations. New ministry program endowment funds during the filing period include: the Cross School IMO Wendi S. Leavitt fund; the Lisa Eid Scholarship Endowment; the Fr. John R. Skehan Endowment for St. Michael School tuition fund; the St. Mary of the Isles, Isleboro, Endowment; and the Fr. Arthur J. Dub-Emma J. Rossignol Child Care Endowment.Expenses $1,630,738 · grants $1,630,738 · revenue $263,630
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0612679
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X122)
- Assets (IRS master file)
- $45,354,955
- Income (IRS master file)
- $31,986,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,823,065 | $2,624,718 | $45,354,955 | IRS |
| 990 | June 2024 | $2,666,308 | $2,267,820 | $40,430,260 | IRS |
| 990 | June 2023 | $3,417,375 | $1,662,962 | $37,852,248 | XML |
| 990 | June 2022 | $2,739,012 | $1,622,186 | $32,450,592 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0612679).
Questions about CATHOLIC FOUNDATION OF MAINE
- What is the EIN of CATHOLIC FOUNDATION OF MAINE?
- The employer identification number (EIN) of CATHOLIC FOUNDATION OF MAINE is 77-0612679.
- Is CATHOLIC FOUNDATION OF MAINE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to CATHOLIC FOUNDATION OF MAINE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CATHOLIC FOUNDATION OF MAINE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CATHOLIC FOUNDATION OF MAINE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CATHOLIC FOUNDATION OF MAINE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CATHOLIC FOUNDATION OF MAINE?
- The 990 for the year ended June 30, 2025 names Bishop James Ruggieri.
- Who are the officers and directors of CATHOLIC FOUNDATION OF MAINE?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization.
- How much revenue does CATHOLIC FOUNDATION OF MAINE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,823,065, expenses of $2,624,718 and total assets of $45,354,955 at year end.
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