NonprofitsAlfond Scholarship Foundation

Education

Alfond Scholarship Foundation

PORTLAND, ME

Total revenue

$7.2M

Total expenses

$7.3M

Net assets

$131K

Grants received

$28.6M

14 grants

EIN

261765514

Tax year

2023

Mission

The ASF mission is to provide incentive scholarship grants to Maine children for their higher education and to support Maine's children's aspirations and access to, and preparation for, higher education.

Financials

FY 2023

Revenue

Contributions & grants$7.2M
Program service revenue
Investment income
Other revenue
Total revenue$7.2M

Expenses

Grants paid$5.6M
Salaries & benefits$333K
Fundraising
Other expenses$1.3M
Total expenses$7.3M
Total assets$1.7M
Net assets$131K

People

17 listed

NameRoleCompensation

Colleen Quint

President/CEO

Board

$166K

40 hrs/wk

Steve Akin

Chair

Board

2 hrs/wk

Scott B Bullock

Vice Chair

Board

2 hrs/wk

Christina Cuthbert

Director

Board

1 hrs/wk

Anne Swift-Kayatta

Director

Board

1 hrs/wk

Pender Makin

Director

Board

1 hrs/wk

Amanda Vamvakias Rand

Director

Board

1 hrs/wk

J Duke Albanese

Treasurer

Board

2 hrs/wk

Steve DeCastro

Director

Board

1 hrs/wk

Dannel Malloy

Director

Board

1 hrs/wk

Kim Lipp

Director

Board

1 hrs/wk

Dave Daigler

Director

Board

1 hrs/wk

Carlos Mello

Director

Board

1 hrs/wk

Deborah Ellwood

Director

Board

1 hrs/wk

Guy Langevin

Director

Board

1 hrs/wk

Lindsay Gifford Skilling

Director

Board

1 hrs/wk

Jennifer Alfond Seeman

Director

Board

1 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$5.6M
MY ALFOND GRANT SCHOLARSHIPS 2024
2024
$1.5M
MY ALFOND GRANT OPERATIONS 2024
2024
$25K
To evaluate the effects of the educational savings programs on children, families and communities and share the lessons learned with the CSA field.
2024
$5.8M
ASF SCHOLARSHIP PAYMENTS
2023
$1.2M
OPERATIONS
2023
$250K
QUARTERLY FAME EXPENSES
2023
$25K
To evaluate the effects of the educational savings programs on children, families and communities and share the lessons learned with the CSA field.
2023
$5.9M
ASF SCHOLARSHIP PAYMENTS
2022
$1.1M
OPERATIONS
2022
$240K
QUARTERLY FAME EXPENSES
2022
$5.8M
ASF SCHOLARSHIP PAYMENTS
2020
$788K
OPERATIONS
2020
$303K
QUARTERLY FAME EXPENSES
2020
$25K
To evaluate the effects of the educational savings programs on children, families, and communities, and share the lessons learned with children's savings account stakeholders.
2020

Funded by

$28.6M from 2 funders · 14 grants · 2020–2024

Harold Alfond Foundation

$28.5M · 11 grants · 2020–2024

Charles Stewart Mott Foundation

$75K · 3 grants · 2020–2024

Details

EIN261765514
NTEE codeB82
Subsection03
Ruling date2008-06
Formed2007
Employees3
Volunteers0
ALFOND SCHOLARSHIP FOUNDATION — Mission, Financials & Grants Received | Grantivo