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Education : Scholarship and Financial Support

Mitchell Institute

Supporting Maine students pursuing higher education

four stars

95.80

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

Board Leadership
Joseph Foley
President

CEO
Meg Baxter
President & CEO

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 95.80 four stars
  Financial 95.61 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 03/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Why isn't this based on more recent data?

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.

Results Information

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Financial

four stars

95.61

Accountability & Transparency

four stars

96.00

This rating was published 03/01/2018 and includes data from FY2016, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 78.4%
  Administrative Expenses 12.3%
  Fundraising Expenses 9.1%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 2.45
  Program Expenses Growth 11.6%
  Liabilities to Assets 8.6%
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.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Mitchell Institute (ME) 95.80 four stars
Great Aspirations Scholarship Program (VA) 94.34 four stars
Evans Scholars Foundation (IL) 92.20 four stars
Take Stock in Children Palm Beach County (FL) 92.15 four stars
Institute for Quality Education (IN) 86.56 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,159,005
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $150,441
   Related Organizations $0
   Government Grants $0
Total Contributions $1,309,446
   Program Service Revenue $0
Total Primary Revenue $1,309,446
   Other Revenue $29,640
TOTAL REVENUE $1,339,086
   
EXPENSES  
   Program Expenses $1,842,698
   Administrative Expenses $313,283
   Fundraising Expenses $85,733
TOTAL FUNCTIONAL EXPENSES $2,241,714
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-902,628
   
Net Assets $33,451,133

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 $1,842,698 100.0%

Ratings History
Mitchell Institute has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

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

Compensation % of Expenses Paid to Title
$139,828 6.23% Meg Baxter President, Secretary

Highly Rated

Charity Name & State Overall Score Overall Rating
Mitchell Institute (ME) 95.80 four stars
SHRM Foundation (VA) 90.88 four stars
Children of Fallen Patriots Foundation (VA) 87.59 three stars
Hispanic Scholarship Fund (CA) 91.78 four stars
UNCF (DC) 92.00 four stars

Compare These Charities (Highly Rated)

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
President

CEO

Meg Baxter
President & CEO

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