Maine Education Services, Mes in Portland, Maine (ME)

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Maine Education Services, Mes
Employer Identification Number (EIN)010471533
Name of OrganizationMaine Education Services
Secondary NameMes
In Care of NameRichard H Pierce President
Address131 Presumpscot St, Portland, ME 04103-5201
ActivitiesDescribed in section 509(a)(2) of the Code, Scholarships (other)
SubsectionCharitable Organization
Ruling Date06/1992
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,782,281
Amount of Income$3,582,523
Form 990 Revenue Amount$1,123,464
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $3,582,523 (it was $4,185,792 in 2012)
This organization: 

 $3,582,523
Other organizations performing similar types of work: 

 $72,336

Assets in 2013: $3,782,281 (it was $3,463,860 in 2012)
This organization: 

 $3,782,281
Other organizations performing similar types of work: 

 $239,394

Expenses in 2012: $3,590,129
Maine Education Services, Mes: 

 $3,590,129
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2012: 1.0
Maine Education Services, Mes: 

 1.0
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2012: 1.0%
This organization: 

 1.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$4,185,792$46,493$4,143,792
Contributions, gifts, grants, etc., received$42,000
Interest on savings and temporary cash investments$500
Dividends and interest from securities$41,091
Gross rents$0
Gross profit from sales of goods$0
Other income$4,102,201
Total expenses and disbursements$3,590,129$27,739$3,370,764$221,365
Compensation of officers, directors, trustees, etc.$267,119
Total operating and administrative expenses$3,531,379$27,739$160,615
Contributions, gifts, grants paid$58,750
Excess of revenue over expenses and disbursements$595,663
Net investment income$18,754
Adjusted net income$773,028
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$3,463,860$3,463,860
Cash - non-interest-bearing$200
Investments-U.S. and state government obligations$0
Investments-corporate stock$1,748,911
Investments-corporate bonds$42,936
Investments-mortgage loans$0
Investments-other$1,104,360
Other$567,453
Total liabilities$180,306
Mortgages and other notes payable$0
Other$180,306
Total liabilities and net assets/fund balances$3,283,554
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$375
Total credits and payments$4,365
2012 estimated tax payments and 2011 overpayment credited to 2012$4,365
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$3,990
Amount to be credited to 2013 estimated tax$3,990
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
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 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?Yes
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$2,882,075
Net value of noncharitable-use assets$2,838,840
Minimum investment return$141,942
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2Terry Foundation3104 Edloe, Houston, TX 77027-6098TX1997-07$305,792,014
3Louis L Borick Foundation2707 Kipling St, Houston, TX 77098-1214TX1997-07$86,100,330
4Wichita Center For Graduate Medical Education Inc1010 N Kansas St, Wichita, KS 67214-3124KS1990-08$23,498,748
5Thurgood Marshall College Fund Inc901 F St Nw Ste 300, Washington, DC 20004-1481DC1993-12$20,267,823
6Island InstitutePO BOX 648, Rockland, ME 04841-0648ME1987-04$9,012,202
7Maine Education Services, Mes131 Presumpscot St, Portland, ME 04103-5201ME1992-06$3,582,523
8General E R Quesda Educational Foundation, Quesada Peter W TteePO BOX 7525, Portland, ME 04112-7525ME1995-01$2,183,767
9Morse High School Scholarship FundPO BOX 1030, Bath, ME 04530-1030ME1965-04$1,043,581
10Boothbay Region Student Aid Fund IncPO BOX 293, Boothbay Hbr, ME 04538-0293ME1964-11$416,127
11W Scott Reid Scholarship Fund80 Caron Ln, Auburn, ME 04210-4289ME1998-04$347,290
12Statewide Association Of Fostering EnterprisesPO BOX 96, China, ME 04358-0096ME1994-03$121,607
13Bridgton High School Scholarship FoundationPO BOX 269, Bridgton, ME 04009-0269ME1974-05$64,463
14Bath Rotary Club Charitable TrustPo Box 313, Bath, ME 04530ME1994-05$57,327
15Maine Veterinary Education Foundation97a Exchange St, Portland, ME 04101-5016ME1998-11$32,835
16Jeffrey S Parola Foundation, Dexter Regional Federal C U816 Bangor Rd, Dovr Foxcroft, ME 04426-3232ME1997-12$27,786
17Gorham Womans Club Scholarship TrPo Box 4, Gorham, ME 04038-0004ME1996-02$0
18John L Martin Scholarship Fund Inc2002 Aroostook Road, Wallagrass, ME 04781ME1992-01$0
19Maine Education Council For Aviation Aerospace118 High St, Brooklin, ME 04616-3130ME1995-05$0
20The@scott Croteau Scholarship FoundationPO BOX 7230, Lewiston, ME 04243-7230ME1997-07$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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