Maine Philanthropy Center

What it reported doing in 2024

MPC hosts a wide range of educational and professional development programs and webinars for grant makers to inform them about local and national trends in philanthropy, explore common issues, and promote best practice exchange, shared learning and collaboration. MPC staff also provides individual technical assistance as well as print and electronic information to its members about the field of philanthropy.In 2024, 1,294 nonprofit, professional advisors, and funders over 60 programs, facilitated 9 funder and nonprofit networks, and hosted over 30 organizations for 1:1 research appointments. We launched a new brand, committed to removing barriers for nonprofits to access our resources through low and no cost membership and in turn have increased paid memberships to MPC. Our conference gathered individuals from all around Maine to explore issues critical to the nonprofit and philanthropic sector. Our Summer Learning Series featured important research about Maine people and communities.MPC continues to encourage and support funder collaborations in early childhood, education, oral health and immigrant/refugee communities while also serving as the sponsor for the climate and environmental funders network, food systems funders, indigenous funders network, and the arts & culture funders network. These groups exchange information, explore new ideas and consider joint/aligned funding opportunities.MPC offers services to help nonprofits enhance their grant seeking skills and potential such as monthly tutorials, monthly electronic grant advisories and the Directory of Maine Grantmakers. The Maine Philanthropy Center promotes broad public awareness of philanthropy in a variety of ways including the publication of an annual Maine giving report, and a public website with local and national data about charitable foundations.MPC is affiliated with Candid and the Foundation Directory Online, a national nonprofit that tracks foundation information. Through this agreement, MPC maintains on-site library resources including public access to the Foundation Center's searchable national database of foundations.

Financial Efficiency

• Mission deployment rate: 97.3%; rating input score 97
• Program expense ratio: 85%; rating input score 85
• Fundraising efficiency: $16.6 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -14.4%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 0.88; rating input score 37; 37th percentile among comparable filings
• Liabilities to assets ratio: 0.19; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 22.6%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: 3% per year; rating input score 100; 44th percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 34th percentile among comparable filings
• Asset growth: 2.2% per year; rating input score 100; 34th percentile among comparable filings