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Education : Scholarship and Financial Support

Mitchell Institute

Supporting Maine students pursuing higher education

four stars

91.15

75 Washington Ave Suite 2E
Portland, ME 04101
tel: (207) 773-7700   Web Site
EIN: 01-0523390

Board Leadership
Joseph Foley
Chair

CEO
Meg Baxter
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.15 four stars
  Financial 94.05 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 12/21/2018 and includes data from FY2017, the most recent 990 received at that time.

The core mission of the Mitchell Institute is to increase the likelihood that young people from every community in Maine will aspire to, pursue and achieve a college education. Each year, a Mitchell Scholarship is awarded to a graduating senior from every public high school in Maine who will be attending a two-or four-year postsecondary degree program. Selection is based on academic promise, financial need and a history of community service. The Mitchell Scholarship Program has awarded more than $12 million in financial assistance to more than 2,400 Maine students since 1995. Mitchell Institute support programs create ongoing Scholar involvement in leadership and professional development, as well as community service and mentoring activities.

The core mission of the Mitchell Institute is to increase the likelihood that young people from every community in Maine will aspire to, pursue and achieve a college education. Each year, a Mitchell Scholarship is awarded to a graduating senior from every public high school in Maine who will be attending a two-or four-year postsecondary degree program. Selection is based on academic promise, financial need and a history of community service. The Mitchell Scholarship Program has awarded more than $12 million in financial assistance to more than 2,400 Maine students since 1995. Mitchell Institute support programs create ongoing Scholar involvement in leadership and professional development, as well as community service and mentoring activities.

Impact Information

This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. The cost-effectiveness calculation was performed using protocols developed by ImpactMatters, an independent auditor of philanthropic impact.

For nonprofits that run multiple programs, we highlight the impact of one program below.  Learn More about Impact Information.
Program Name: Senator George J Mitchell Scholarship Research Institute
Program Activities
Senator George J Mitchell Scholarship Research Institute grants scholarships to beneficiaries.
Impact Statement
$16,000 increases income for a scholarship recipient in need by $14,000.
Impact Assessment
4/5
Assessment Benchmark
Impact assessments of postsecondary scholarship programs are based on income generated relative to cost. Programs receive a 5/5 assessment if they increase income for a recipient by more than $1.50 for every $1 spent and a 4/5 assessment if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a 3/5 assessment.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Senator George J Mitchell Scholarship Research Institute.
Data Source
Output data collected during the program. Senator George J Mitchell Scholarship Research Institute publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of November 2019, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

four stars

94.05

Accountability & Transparency

three stars

89.00

This rating was published 12/21/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.4%
  Administrative Expenses 13.5%
  Fundraising Expenses 3.9%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 4.34
  Program Expenses Growth 7.3%
  Liabilities to Assets 8.4%
All data for Financial Performance Metrics calculations was provided by Mitchell Institute on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Mitchell Institute on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Mitchell Institute (ME) 91.15 four stars
Thanks USA (VA) 94.64 four stars
North Carolina Agricultural Foundation (NC) 94.86 four stars
Arizona Christian School Tuition Organization (AZ) 96.66 four stars
Carson Scholars Fund (MD) 90.00 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,023,644
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $157,200
   Related Organizations $0
   Government Grants $0
Total Contributions $1,180,844
   Program Service Revenue $0
Total Primary Revenue $1,180,844
   Other Revenue $1,881,309
TOTAL REVENUE $3,062,153
   
EXPENSES  
   Program Expenses $1,958,143
   Administrative Expenses $290,394
   Fundraising Expenses $89,653
TOTAL FUNCTIONAL EXPENSES $2,338,190
   
Payments to Affiliates $0
Excess (or Deficit) for the year $723,963
   
Net Assets $37,968,803

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Support $1,958,143 100.0%

Ratings History
Mitchell Institute has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 12/21/2018 91.15 four stars
2016-12 03/01/2018 95.80 four stars
2015-12 03/01/2017 91.88 four stars
2014-12 06/01/2016 88.08 three stars
 
CN 2.0
2014-12 12/22/2015 90.13 four stars
2013-12 07/01/2015 86.36 three stars
2012-12 07/01/2014 85.88 three stars
2012-12 04/01/2014 85.19 three stars
2011-12 04/01/2013 83.93 three stars
2010-12 02/01/2012 83.73 three stars
2009-12 09/20/2011 83.87 three stars
 
CN 1.0
2009-12 02/01/2011 78.30 two stars
2008-12 07/01/2010 75.58 two stars
2007-12 12/17/2008 98.98 four stars
2006-12 06/01/2008 98.90 four stars
2005-12 10/01/2007 98.67 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 01-0523390
Name in IRS Master File SENATOR GEORGE J MITCHELL SCHOLARSHIP RESEARCH INSTITUTE
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date June, 1999
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$140,359 6.00% Meg Baxter President, Secretary

Highly Rated

Charity Name & State Overall Score Overall Rating
Mitchell Institute (ME) 91.15 four stars
Step Up For Students (FL) 96.66 four stars
Children of Fallen Patriots Foundation (VA) 97.74 four stars
The Posse Foundation (NY) 89.18 three stars
Central Scholarship (MD) 94.65 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Mitchell Institute
75 Washington Ave
Suite 2E
Portland, ME 04101
tel: (207) 773-7700
fax: (207) 773-1133
EIN: 01-0523390

Visit Web Site

Board Leadership

Joseph Foley
Chair

CEO

Meg Baxter
President & CEO

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