FOUNDATION FOR A STRONG MAINE ECONOMY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- FOUNDATION FOR A STRONG MAINE ECONOMY (EIN 30-0036992)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-07
- IRS object ID
- 202543119349303769
- Schema version
- 2024v5.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-07T14:40:37-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 393647910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WIPFLI ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 LONG CREEK DRIVE | AddressLine1Txt |
| City | SOUTH PORTLAND | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 041062437 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300036992 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION FOR A STRONG MAINE ECONOMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FOUN | BusinessNameControlTxt |
| Phone | 2072003813 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 STATE STREET SUITE 101 | AddressLine1Txt |
| City | AUGUSTA | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04330 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREA MAKER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2072003813 | PhoneNum |
| Signature | 2025-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIA HOWLAND CPA | PreparerPersonNm |
| PTIN | P01711658 | PTIN |
| Phone | 2077745701 | PhoneNum |
| Preparation | 2025-11-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOCUSMAINE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREA MAKER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 STATE STREET SUITE 101 | AddressLine1Txt |
| City | AUGUSTA | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04330 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,066,438 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FOCUSMAINE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | ME | LegalDomicileStateCd |
| Activity Or Mission | SUPPORT AND STRENGTHEN MAINE ECONOMY THROUGH RESEARCH, EDUCATION, AND COMMUNICATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,218,835 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,474,514 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $21,209 | PYInvestmentIncomeAmt |
| CY Investment Income | $76,982 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,425 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $3,241,469 | PYTotalRevenueAmt |
| CY Total Revenue | $3,551,496 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,245,912 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,145,984 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $547,590 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $668,535 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $87,834 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $686,803 | PYOtherExpensesAmt |
| CY Other Expenses | $448,322 | CYOtherExpensesAmt |
| PY Total Expenses | $3,480,305 | PYTotalExpensesAmt |
| CY Total Expenses | $3,262,841 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$238,836 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $288,655 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,200,914 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,209,867 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,762,555 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,478,758 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $438,359 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $731,109 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FOCUSMAINE PROPELS THE GROWTH OF MAINE'S MOST PROMISING INDUSTRIES AND TRANSFORMS MAINE INTO A HUB FOR TOP TALENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,895,769 | ExpenseAmt |
| Grant | $2,145,984 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | FOCUSMAINE IS STRENGTHENING THE FABRIC OF MAINE'S ECONOMY BY ACCELERATING THE CREATION OF QUALITY JOBS AND INCREASING REVENUE IN GLOBALLY COMPETITIVE AND HIGH-GROWTH SECTORS, WHILE ALSO STRENGTHENING MAINE'S WORKFORCE CAPACITY.[CONTINUED ON SCHEDULE O]FOOD ECONOMY - FOCUSMAINE STRENGTHENS MAINE'S FOOD ECONOMY BY SUPPORTING LOCAL AND GLOBAL MARKET ACCESS. OUR PARTNER PROGRAMS OFFER COACHING, TECHNICAL ASSISTANCE, CAPITAL, AND MARKET OPPORTUNITIES, HELPING FOOD COMPANIES OVERCOME GROWTH BARRIERS. DATA SHOWS PROGRAM PARTICIPANTS GREW TWICE AS FAST AS MAINE'S FOOD COMPANIES OVERALL AND SIX TIMES FASTER THAN THE STATE'S INDUSTRIES AS A WHOLE.LIFE SCIENCES - IN 2024, THE ORGANIZATION SHIFTED ITS STRATEGY FROM ATTRACTING COMPANIES TO MAINE TO STRENGTHENING THE STATE'S LIFE SCIENCES ECOSYSTEM. A 12-MEMBER ADVISORY TEAM OF EXPERTS FROM ACADEMIA, RESEARCH, VENTURE, AND ENTREPRENEURSHIP WAS ASSEMBLED TO GUIDE EFFORTS FOCUSED ON INVESTMENT, INFRASTRUCTURE, STARTUP SUPPORT, POLICY SOLUTIONS AND PROMOTING MAINE AS A LIFE SCIENCES HUB, LAYING THE FOUNDATION FOR LONG-TERM INDUSTRY GROWTH.WORKFORCE DEVELOPMENT - FOCUSMAINE SUPPORTS WORKFORCE DEVELOPMENT ACROSS MAINE'S INDUSTRIES, INCLUDING AGRICULTURE AND AQUACULTURE. IN 2024, INTERNS AND TRAINEES PARTICIPATED IN SKILL-BUILDING, NETWORKING, AND SOCIAL ACTIVITIES, HELPING THEM ENHANCE CAREER READINESS, CONNECT WITH BUSINESS LEADERS AND PEERS STATEWIDE, AND ENVISION CAREERS IN MAINE. | Desc |
| Total Program Service Expenses | $2,895,769 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 6 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PGM ACCOUNTING LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2075414353 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 319 MAIN STREET | AddressLine1Txt |
| City | BIDDEFORD | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04005 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ANDREA MAKER | |||||||
| PRESIDENT, CO-CHAIR & CO-FOUNDER | 40.00 | Yes (X) | Yes (X) | $192,427 | $0 | $46,976 | |
| MICHAEL BOURQUE | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN FITZSIMMONS | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| AMANDA RECTOR BLAZEK | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANA CONNORS | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAY DEARBORN | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL DUBYAK | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOAN FERRINI-MUNDY | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ED MCKERSIE | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KRISTEN MIALE | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICK WOODCOCK | |||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEO WATERSTON | |||||||
| PROGRAM DIRECTOR | 40.00 | $138,556 | $0 | $32,364 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $330,983 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $79,340 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STAISH KUMAR TADIKONDA | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 DUBLIN CIRCLE | AddressLine1Txt |
| City | BURLINGTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01803 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | LIFE SCIENCE BUSINESS RECRUITMENT | ServicesDesc |
| Compensation | $162,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $531,383 | GovernmentGrantsAmt |
| All Other Contributions | $2,943,131 | AllOtherContributionsAmt |
| Total Contributions | $3,474,514 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,221 | TotalRevenueColumnAmt |
| Exclusion | $114,221 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,477,703 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,514,942 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$37,239 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$37,239 | TotalRevenueColumnAmt |
| Exclusion | -$37,239 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,551,496 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $76,982 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,145,984 | TotalAmt |
| Program Services | $2,145,984 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,563 | TotalAmt |
| Program Services | $209,910 | ProgramServicesAmt |
| Management And General | $31,859 | ManagementAndGeneralAmt |
| Fundraising | $9,794 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $300,136 | TotalAmt |
| Program Services | $152,753 | ProgramServicesAmt |
| Management And General | $112,729 | ManagementAndGeneralAmt |
| Fundraising | $34,654 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,716 | TotalAmt |
| Program Services | $50,430 | ProgramServicesAmt |
| Management And General | $20,106 | ManagementAndGeneralAmt |
| Fundraising | $6,180 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,120 | TotalAmt |
| Program Services | $26,374 | ProgramServicesAmt |
| Management And General | $10,514 | ManagementAndGeneralAmt |
| Fundraising | $3,232 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,167 | TotalAmt |
| Management And General | $11,167 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,585 | TotalAmt |
| Management And General | $19,585 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,376 | TotalAmt |
| Management And General | $1,376 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,053 | TotalAmt |
| Program Services | $28,103 | ProgramServicesAmt |
| Management And General | $17,950 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,440 | TotalAmt |
| Program Services | $1,075 | ProgramServicesAmt |
| Management And General | $244 | ManagementAndGeneralAmt |
| Fundraising | $1,121 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,084 | TotalAmt |
| Program Services | $9,998 | ProgramServicesAmt |
| Management And General | $15,823 | ManagementAndGeneralAmt |
| Fundraising | $263 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,321 | TotalAmt |
| Program Services | $17,056 | ProgramServicesAmt |
| Management And General | $1,892 | ManagementAndGeneralAmt |
| Fundraising | $373 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,017 | TotalAmt |
| Program Services | $23,497 | ProgramServicesAmt |
| Management And General | $520 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,068 | TotalAmt |
| Management And General | $5,068 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONSULTANTS | $161,227 | $112,771 | $17,006 | $31,450 |
| COMMUNICATIONS | $79,254 | $78,350 | $904 | |
| PROJECT MANAGEMENT | $30,600 | $30,600 | ||
| BANK FEES | $1,102 | $186 | $420 | $496 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,028 | TotalAmt |
| Program Services | $8,682 | ProgramServicesAmt |
| Management And General | $12,075 | ManagementAndGeneralAmt |
| Fundraising | $271 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,262,841 | TotalAmt |
| Program Services | $2,895,769 | ProgramServicesAmt |
| Management And General | $279,238 | ManagementAndGeneralAmt |
| Fundraising | $87,834 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,825 | BOYAmt |
| EOY | $230,621 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,204 | BOYAmt |
| EOY | $676,498 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $176,372 | BOYAmt |
| EOY | $243,779 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,360 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,579,513 | BOYAmt |
| EOY | $1,057,609 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,200,914 | BOYAmt |
| EOY | $2,209,867 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $375,711 | BOYAmt |
| EOY | $403,807 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,386,844 | BOYAmt |
| EOY | $1,074,951 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,762,555 | BOYAmt |
| EOY | $1,478,758 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,979 | BOYAmt |
| EOY | $457,330 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $216,380 | BOYAmt |
| EOY | $273,779 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438,359 | BOYAmt |
| EOY | $731,109 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,200,914 | BOYAmt |
| EOY | $2,209,867 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $288,655 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,095 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $557,919 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $628,255 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $642,588 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $384,550 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,115,782 | CurrentTaxYearAmt |
| Total | $3,329,094 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $557,919 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $628,255 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $642,588 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $384,550 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,115,782 | CurrentTaxYearAmt |
| Total | $3,329,094 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $545,239 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,783,855 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,361 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,654 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,109 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,209 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $114,221 | CurrentTaxYearAmt |
| Total | $150,554 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,900 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $540 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $224 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,425 | CurrentTaxYearMinus1YearAmt |
| Total | $4,089 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,483,737 | TotalSupportAmt |
| Public Support CY170 | 0.79910 | PublicSupportCY170Pct |
| Public Support PY170 | 0.73610 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION: YEAR 8 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 02/28/24 AMOUNT: 2358732. DESCRIPTION: YEAR 7 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 06/30/23 AMOUNT: 2432842. DESCRIPTION: YEAR 6 OF CASH INFUSION FOR IMPLEMENTATION PLAN DATE: 03/28/22 AMOUNT: 1489864. DESCRIPTION: 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. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $1,376 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $1,376 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE LOBBYING EXPENSES IN PART II-B OF SCHEDULE C REPRESENT STAFF TIME ADVOCATING FOR THE PASSAGE OF A RESEARCH AND DEVELOPMENT BOND. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,195,519 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,095 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $639,928 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $644,023 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,551,496 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,551,496 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,902,769 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $639,928 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $639,928 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,262,841 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,262,841 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, IT HAS MADE NO PROVISIONS FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION OF THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FOUNDATION HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| MAINE CENTER FOR ENTREPRENEURS | ||||||||
| PO BOX 8628 | PORTLAND | ME | 04104 | 010510641 | 501(C)(3) | $762,947 | $0 | AWARD TO INVEST IN BUSINESS ACCELERATION PROGRAMS DELIVERED BY MAINE CENTER FOR ENTREPRENEURS TO MAINE FOOD, BIOSCIENCE AND FOOD TECH COMPANIES |
| EDUCATE MAINE | ||||||||
| 482 CONGRESS STREET SUITE 303 | PORTLAND | ME | 04101 | 203559947 | 501(C)(3) | $375,846 | $0 | AWARD TO EDUCATE MAINE TO INVEST IN PROVIDING EXPERIENTIAL PROGRAMS TO ATTRACT YOUNG PROFESSIONALS TO PURSUE CAREERS IN MAINE |
| COASTAL ENTERPRISES INC | ||||||||
| 30 FEDERAL STREET | BRUNSWICK | ME | 04011 | 010347504 | 501(C)(3) | $351,121 | $0 | AWARD TO COASTAL ENTERPRISES, INC TO INVEST IN BUSINESS GROWTH AND EXPANSION OF MAINE FOOD COMPANIES |
| MAINE AQUACULTURE ASSOCIATION | ||||||||
| 103 WATER STREET 4TH FLOOR | HALLOWELL | ME | 04347 | 010375969 | 501(C)(4) | $215,870 | $0 | TO SUPPORT THE STATE'S AQUACULTURE INDUSTRY BY PROVIDING WORKFORCE DEVELOPMENT, BUSINESS PLANNING RESOURCES, COMMUNICATIONS AND MARKETING, AND GUIDANCE TO HELP GROWERS BUILD SUSTAINABLE AND SUCCESSFUL OPERATIONS. |
| NORTHEASTERN UNIVERSITY | ||||||||
| 360 HUNTINGTON AVE MAIL STOP 130BV | BOSTON | MA | 02115 | 041679980 | 501(C)(3) | $123,848 | $0 | AWARD TO NORTHEASTERN UNIVERSITY TO SUPPORT THE DEVELOPMENT OF A LIFE SCIENCE PROFESSIONAL NETWORK AND ASSET MAP |
| NEW ENGLAND OCEAN CLUSTER LLC | ||||||||
| 68 COMMERCIAL STREET BLDG CFL 2 | PORTLAND | ME | 04101 | 371820751 | N/A | $63,768 | $0 | AWARD TO NEW ENGLAND OCEAN CLUSTER TO ATTRACT AND PROVIDE BUSINESS SUPPORT TO COMPANIES STARTING OPERATIONS IN MAINE |
| THIRD SECTOR NEW ENGLAND INC | ||||||||
| 89 SOUTH STREET SUITE 700 | BOSTON | MA | 02111 | 042261109 | 501(C)(3) | $28,180 | $0 | AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN THIRD SECTOR PROGRAMS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 2 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE AWARDED THROUGH PROFESSIONAL SERVICES AGREEMENTS AND ARE PAID AS THE ENTITIES PERFORM SATISFACTORILY ON THE REQUIREMENTS OF THEIR AGREEMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREA MAKER | ||||||||||||||
| PRESIDENT, CO-CHAIR & CO-FOUNDER | $192,427 | $0 | $0 | $0 | $0 | $0 | $4,075 | $0 | $42,901 | $0 | $239,403 | $0 | $0 | $0 |
| LEO WATERSTON | ||||||||||||||
| PROGRAM DIRECTOR | $136,556 | $0 | $2,000 | $0 | $0 | $0 | $4,207 | $0 | $28,157 | $0 | $170,920 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE INSTITUTE FOR A STRONG MAINE ECONOMY IS THE SOLE MEMBER OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE 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 7B | THE 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 11B | THE 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 12C | THE 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 15 | MEMBERS 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 19 | THE 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/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|
| INSTITUTE FOR A STRONG MAINE ECONOMY | ||||||||||
| 128 STATE STREET NO 101 | AUGUSTA | ME | 04330 | 010541887 | N/A | ME | 501(C)(6) | MAINE STATE CHAMBER OF COMMERCE | 0 | |
| MAINE STATE CHAMBER OF COMMERCE | ||||||||||
| 128 STATE STREET NO 101 | AUGUSTA | ME | 04330 | 010021545 | SUPPORT AND STRENGTHEN MAINE BUSINESS | ME | 501(C)(6) | 0 | N/A | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |