STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

FOUNDATION FOR A STRONG MAINE ECONOMY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FOUNDATION FOR A STRONG MAINE ECONOMY (EIN 30-0036992)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-07-07
IRS object ID
202231889349300918
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-07-07T15:23:24-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390758449PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WIPFLI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 MARKET SQUAREAddressLine1Txt
CityAUGUSTACityNm
State AbbreviationMEStateAbbreviationCd
ZIP043304637ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300036992EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATION FOR A STRONG MAINE ECONOMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFOUNBusinessNameControlTxt
Phone2076234568PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 STATE STREET SUITE 101AddressLine1Txt
CityAUGUSTACityNm
State AbbreviationMEStateAbbreviationCd
ZIP04330ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANDREA MAKERPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone2076234568PhoneNum
Signature2022-06-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstANDREAPersonFirstNm
Person LastMAKERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBOB DUBE CPAPreparerPersonNm
PTINP01231018PTIN
Phone2076224766PhoneNum
Preparation2022-06-27PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANDREA MAKERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 STATE STREET SUITE 101AddressLine1Txt
CityAUGUSTACityNm
State AbbreviationMEStateAbbreviationCd
ZIP04330ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,773,787GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateMELegalDomicileStateCd
Activity Or MissionSUPPORT AND STRENGTHEN MAINE ECONOMY THROUGH RESEARCH, EDUCATION, AND COMMUNICATION.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers40TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,760,306PYContributionsGrantsAmt
CY Contributions Grants$2,486,876CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,361PYInvestmentIncomeAmt
CY Investment Income$7,654CYInvestmentIncomeAmt
PY Other Revenue$1,900PYOtherRevenueAmt
CY Other Revenue$540CYOtherRevenueAmt
PY Total Revenue$2,768,567PYTotalRevenueAmt
CY Total Revenue$2,495,070CYTotalRevenueAmt
PY Grants And Similar Paid$1,983,083PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,574,970CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$286,067PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$240,402CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$36,500PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$56,956CYTotalFundraisingExpenseAmt
PY Other Expenses$321,151PYOtherExpensesAmt
CY Other Expenses$445,569CYOtherExpensesAmt
PY Total Expenses$2,626,801PYTotalExpensesAmt
CY Total Expenses$2,260,941CYTotalExpensesAmt
PY Revenues Less Expenses$141,766PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$234,129CYRevenuesLessExpensesAmt
Total Assets BOY$1,636,067TotalAssetsBOYAmt
Total Assets EOY$1,579,094TotalAssetsEOYAmt
Total Liabilities BOY$1,140,056TotalLiabilitiesBOYAmt
Total Liabilities EOY$848,954TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$496,011NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$730,140NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPROMOTE A STRONG MAINE ECONOMY AND ENHANCE THE BUSINESS CLIMATE IN MAINE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,940,877ExpenseAmt
Grant$1,574,970GrantAmt
DescFOCUSMAINE IS A PRIVATE SECTOR-LED INITIATIVE TO ACCELERATE THE CREATION OF QUALITY JOBS IN MAINE BY INVESTING IN THREE OF MAINE'S MOST GLOBALLY COMPETITIVE AND HIGH-GROWTH FIELDS: AGRICULTURE, AQUACULTURE, AND BIOPHARMACEUTICALS. WE FOCUS ON TRADED JOBS, WHICH ARE CREATED BY SELLING MAINE'S GOODS AND SERVICES OUTSIDE OF THE STATE AND WHICH HAVE A JOB MULTIPLIER EFFECT IN THE LOCAL ECONOMY.[CONTINUED ON SCHEDULE O]AGRICULTURE AND AQUACULTURE - FOCUSMAINE SUPPORTS AND SCALES SMALL AND MEDIUM BUSINESSES IN PRODUCTION, SALES & MARKETING, AND FINANCE AND PLANNING WHILE BUILDING A NATIONAL REPUTATION AND AFFINITY FOR HIGH-QUALITY MAINE FOOD. THIS PROGRAM SUPPORTS BUSINESS GROWTH PLANS BY STAGE AND NEEDS AND HELPS MAINE BUSINESSES SELL MORE OF THEIR FOOD PRODUCTS OUTSIDE OF THE STATE. WORKFORCE DEVELOPMENT IS ALSO A CRITICAL COMPONENT OF THIS EFFORT.BIOPHARMACEUTICALS - OUR ROLE IS TO ESTABLISH MAINE AS THE PREFERRED DEVELOPMENT AND MANUFACTURING PARTNER TO THE WORLD'S LEADING LIFE SCIENCES R&D CENTER IN BOSTON/CAMBRIDGE. THIS STRATEGY FOCUSES ON BUILDING AN ATTRACTION PIPELINE OF BIOPHARMA AND LAB COMPANIES INTERESTED IN CALLING MAINE HOME AND ON BUILDING THE WORKFORCE THAT CAN HELP SUPPORT INDUSTRY EXPANSION.SKILLS & TALENT - FOCUSMAINE HELPS OUR SIGNATURE INDUSTRIES ATTRACT, TRAIN AND RETAIN THE TALENT THEY NEED TODAY AND BUILD THE TALENT PIPELINE THEY NEED FOR TOMORROW. THE FOCUSMAINE INTERNSHIP PROGRAM IS A CORNERSTONE OF THIS EFFORT, CONNECTING HUNDREDS OF CAREER-READY PROFESSIONALS WITH JOBS AND WITH DEVELOPMENT OPPORTUNITIES.Desc
Total Program Service Expenses$1,940,877TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PGM ACCOUNTING LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2075414353PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1319 MAIN STREETAddressLine1Txt
CityBIDDEFORDCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04005ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ANDREA MAKER
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
DANA CONNORS
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
MICHAEL DUBYAK
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
CLIFTON GREIM
TREASURER1.00Yes (X)Yes (X)$0$0$0
JOHN FITZSIMMONS
MEMBER1.00Yes (X)$0$0$0
KIMBERLY HAMILTON
PRESIDENT & SECRETARY40.00Yes (X)$193,000$0$31,334
FieldValueIRS element (for citing)
Total Reportable Comp From Org$193,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$31,334TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonTOBY AHERNSPersonNm

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line174 SOUTH STREETAddressLine1Txt
CityYARMOUTHCityNm
State AbbreviationMEStateAbbreviationCd
ZIP04096ZIPCd
FieldValueIRS element (for citing)
ServicesCONSULTANTServicesDesc
Compensation$111,107CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,486,876AllOtherContributionsAmt
Total Contributions$2,486,876TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,058TotalRevenueColumnAmt
Exclusion$1,058ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,285,313SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,278,717SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,596SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,596TotalRevenueColumnAmt
Related Or Exempt Func Income$6,596RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business541900BusinessCd
Total Revenue Column$540TotalRevenueColumnAmt
Related Or Exempt Func Income$540RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$540OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,495,070TotalRevenueColumnAmt
Related Or Exempt Func Income$7,136RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,058ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,574,970TotalAmt
Program Services$1,574,970ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$228,466TotalAmt
Program Services$140,530ProgramServicesAmt
Management And General$61,647ManagementAndGeneralAmt
Fundraising$26,289FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$11,936TotalAmt
Program Services$7,342ProgramServicesAmt
Management And General$3,221ManagementAndGeneralAmt
Fundraising$1,373FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$10,000TotalAmt
Management And General$10,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$20TotalAmt
Management And General$20ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$80,052TotalAmt
Program Services$3,335ProgramServicesAmt
Management And General$76,717ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,811TotalAmt
Program Services$7,620ProgramServicesAmt
Management And General$135ManagementAndGeneralAmt
Fundraising$56FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,403TotalAmt
Management And General$2,394ManagementAndGeneralAmt
Fundraising$2,009FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$959TotalAmt
Program Services$279ProgramServicesAmt
Management And General$517ManagementAndGeneralAmt
Fundraising$163FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,427TotalAmt
Program Services$108ProgramServicesAmt
Management And General$1,231ManagementAndGeneralAmt
Fundraising$88FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,599TotalAmt
Management And General$5,599ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROJECT MANAGEMENT$207,858$131,786$60,306$15,766
COMMUNICATIONS$64,511$26,258$28,878$9,375
CONSULTANTS$61,159$47,446$12,525$1,188
BANK FEES$1,064$430$634

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$706TotalAmt
Program Services$1,203ProgramServicesAmt
Management And General-$512ManagementAndGeneralAmt
Fundraising$15FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,260,941TotalAmt
Program Services$1,940,877ProgramServicesAmt
Management And General$263,108ManagementAndGeneralAmt
Fundraising$56,956FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$33,386BOYAmt
EOY$33,446EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,397,855BOYAmt
EOY$1,206,015EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$159,855BOYAmt
EOY$333,972EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,471BOYAmt
EOY$5,661EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$41,500BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,636,067BOYAmt
EOY$1,579,094EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$242,407BOYAmt
EOY$366,159EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$897,649BOYAmt
EOY$482,795EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,140,056BOYAmt
EOY$848,954EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$351,156BOYAmt
EOY$311,093EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$144,855BOYAmt
EOY$419,047EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$496,011BOYAmt
EOY$730,140EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,636,067BOYAmt
EOY$1,579,094EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$234,129ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$759,640CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$560,346CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$146,200CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$557,919CurrentTaxYearMinus1YearAmt
Current Tax Year$628,255CurrentTaxYearAmt
Total$2,652,360TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$759,640CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$560,346CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$146,200CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$557,919CurrentTaxYearMinus1YearAmt
Current Tax Year$628,255CurrentTaxYearAmt
Total$2,652,360TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$886,665SubstantialContributorsTotAmt
Public Support Total170$1,765,695PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$226CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,406CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,779CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,361CurrentTaxYearMinus1YearAmt
Current Tax Year$7,654CurrentTaxYearAmt
Total$33,426TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$150CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,848CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$1,900CurrentTaxYearMinus1YearAmt
Current Tax Year$540CurrentTaxYearAmt
Total$15,438TotalAmt
FieldValueIRS element (for citing)
Total Support$2,701,224TotalSupportAmt
Public Support CY1700.65370PublicSupportCY170Pct
Public Support PY1700.64480PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:FormAndLineReferenceDesc
ExplanationDESCRIPTION: YEAR 5 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 05/21/21 AMOUNT: 1858621. DESCRIPTION: YEAR 4 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 06/30/20 AMOUNT: 2202387. DESCRIPTION: YEAR 3 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 06/30/19 AMOUNT: 1811204. DESCRIPTION: YEAR 2 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 06/30/18 AMOUNT: 1080329.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$3,085,680TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$590,610DonatedServicesAndUseFcltsAmt
Revenue Not Reported$590,610RevenueNotReportedAmt
Revenue Subtotal$2,495,070RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,495,070TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,851,551TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$590,610DonatedServicesUseFcltsAmt
Expenses Not Reported$590,610ExpensesNotReportedAmt
Expenses Subtotal$2,260,941ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,260,941TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
GULF OF MAINE RESEARCH INSTITUTE
350 COMMERCIAL STREETPORTLANDME04101010504905501(C)(3)$197,574$0AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AQUACULTURE PROGRAMS
MAINE AQUACULTURE ASSOCIATION
103 WATER STREET 4TH FLOORHALLOWELLME04347010375969501(C)(4)$148,468$0AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AQUACULTURE PROGRAMS
MAINE CENTER FOR ENTREPENEURS
PO BOX 8628PORTLANDME04104010510641501(C)(3)$563,980$0AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AGRICULTURE PROGRAMS
COASTAL ENTERPRISES INC
30 FEDERAL STREET SUITE 100BRUNSWICKME04011010347504501(C)(3)$278,235$0AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AGRICULTURE PROGRAMS
EDUCATE MAINE
482 CONGRESS STREET SUITE 303PORTLANDME04101203559947501(C)(3)$160,042$0AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE KNOWLEDGE WORKER PROGRAMS
LIVE AND WORK IN MAINE
PO BOX 7489PORTLANDME04112475492209501(C)(3)$54,670$0DEVELOP AND IMPLEMENT PROGRAMS TO ATTRACT AND RETAIN WORKERS IN SIGNATURE INDUSTRIES
SATISH TADIKONDA
1 DUBLIN CIRCLEBURLINGTONMA01803480152887$162,000$0AWARD TO ACCELERATE GROWTH AND INVESTMENT IN BIOPHARMA AND LIFE SCIENCES INITIATIVES IN MAINE

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS ARE AWARDED THROUGH PROFESSIONAL SERVICES AGREEMENTS AND ARE PAID AS THE ENTITIES PERFORM SATISFACTORILY ON THE REQUIREMENTS OF THEIR AGREEMENTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonKIMBERLY HAMILTONPersonNm
TitlePRESIDENT & SECRETARYTitleTxt
Base Compensation Filing Org$193,000BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$19,365DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$11,969NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$224,334TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE INSTITUTE FOR A STRONG MAINE ECONOMY IS THE SOLE MEMBER OF THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7ATHE INSTITUTE FOR A STRONG MAINE ECONOMY HAS THE POWER TO SELECT ALL BOARD MEMBERS OF THE ORGANIZATION, BASED ON A SLATE PROPOSED BY THE PRESIDENT OF THE ORGANIZATION AND THE THEN SERVING DIRECTORS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 7BTHE SOLE MEMBER OF THE ORGANIZATION, THE INSTITUTE FOR A STRONG MAINE ECONOMY, HAS THE FOLLOWING RIGHTS AS IT RELATES TO GOVERNANCE DECISIONS: -SETTING THE NUMBER OF DIRECTORS SERVING ON THE BOARD, AND SELECTING AND REMOVING THE BOARD MEMBERS. -SELECTING THE OFFICERS OF THE ORGANIZATION. -ENTITLED TO VOTE ON SUCH MATTERS AS PROVIDED BY THE MAINE NONPROFIT CORPORATION ACT, 13-B M.R.S.A SECTION 101 ET SEQ.
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS PREPARED BY THE INDEPENDENT AUDITORS AS PART OF THE AUDIT ENGAGEMENT. THE DRAFT 990 IS REVIEWED BY THE CONTRACT CFO, WITH ADJUSTMENTS MADE AS NECESSARY. THE 990S ARE THEN FINALIZED, WITH DIGITAL COPIES PROVIDED TO THE BOARD, AND THEN FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD REVIEWS THE CONFLICT OF INTEREST STATEMENT ANNUALLY AND IS ENDORSED BY EACH BOARD MEMBER. THE CONFLICT OF INTEREST POLICY OUTLINES THE STEPS THAT ARE NEEDED FOR MONITORING AND ENFORCING COMPLIANCE WITH THE POLICY.
FORM 990, PART VI, SECTION B, LINE 15AMEMBERS OF THE FOCUSMAINE'S LEADERSHIP TEAM AND MEMBERS OF FOCUSMAINE'S BOARD WORKED WITH AN INDEPENDENT, PROFESSIONAL RECRUITMENT COMPANY TO ENSURE THAT THE COMPENSATION FOR OUR FIRST PRESIDENT WAS APPROPRIATE FOR THE COMPLEXITY OF THE ROLE AND COMPETITIVE IN THE REGIONAL AND NATIONAL MARKETPLACE. EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE PERFORMANCE REVIEW PROCESS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
INSTITUTE FOR A STRONG MAINE ECONOMY
128 STATE STREET NO 101AUGUSTAME04330010541887N/AME501(C)(6)MAINE STATE CHAMBER OF COMMERCE0
MAINE STATE CHAMBER OF COMMERCE
128 STATE STREET NO 101AUGUSTAME04330010021545SUPPORT AND STRENGTHEN MAINE BUSINESSME501(C)(6)0N/A
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd