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Filing year 2023

Maine Central Institute

Pittsfield, Maine·EIN 01-0212438·NTEE B250 · Education·501(c)(3)
Total revenue
$12M
Total assets
$26.5M
Total expenses
$11.4M
Reported officers
29
Mission

MCI engages a multicultural student body with diverse abilities and interests in a rigorous and comprehensive college and career preparatory experience. In a safe and nurturing environment, students develop self-esteem, academic skills, and social responsibility to be thoughtful global citizens and lifelong learners.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations nationwide.

Head of School
Officer (Unspecified)
$243k
$271k
Base
$186k
Bonus
Other
Benefits
$48k
Chief Financial Officer
25th percentile to median
$111k
$124k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 27 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Maine Central Institute equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 98%
from 2022

From $123k in 2022 to $243k in 2023.

$123k
2022
$243k
2023
In today's dollarsEst.
Up 91% in real terms$142k to $271k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 7% from 2022 to 2023, while revenue fell 15%.

$104k in 2022 to $111k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Maine Central Institute

What does the Chief Financial Officer of Maine Central Institute earn?

In 2023, the Chief Financial Officer of Maine Central Institute received $110,976 in total compensation. This pay is below the median (the midpoint) for Chief Financial Officer roles among Education organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at Maine Central Institute compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2023 pay of the Chief Financial Officer at Maine Central Institute falls between the 25th percentile and the median. In 2023, the highest total compensation at Maine Central Institute equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are Maine Central Institute's revenue and expenses?

In 2023, Maine Central Institute reported $12M in total revenue and $11.4M in total expenses on its IRS Form 990.

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