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.

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

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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.
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.
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

Charts

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

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Mitchell Institute (ME) 95.80 four stars
Student Sponsor Partners (NY) 91.16 four stars
Institute for Educational Advancement (CA) 92.22 four stars
Step Up For Students (FL) 98.23 four stars
Children's Scholarship Fund (NY) 89.39 three stars

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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