2025-11-07T14:40:37-06:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2024-01-01 300036992 FOUNDATION FOR A STRONG MAINE ECONOMY FOUN 2072003813 128 STATE STREET SUITE 101 AUGUSTA ME 04330 ANDREA MAKER PRESIDENT 2072003813 2025-11-07 1 0 JULIA HOWLAND CPA P01711658 2077745701 2025-11-07 2024 2025-03-06 01:10:19Z FOCUSMAINE ANDREA MAKER 128 STATE STREET SUITE 101 AUGUSTA ME 04330 12066438 0 X WWW.FOCUSMAINE.ORG X 2002 ME SUPPORT AND STRENGTHEN MAINE ECONOMY THROUGH RESEARCH, EDUCATION, AND COMMUNICATION. 11 10 6 15 0 0 3218835 3474514 0 0 21209 76982 1425 0 3241469 3551496 2245912 2145984 0 0 547590 668535 0 0 87834 686803 448322 3480305 3262841 -238836 288655 2200914 2209867 1762555 1478758 438359 731109 X FOCUSMAINE PROPELS THE GROWTH OF MAINE'S MOST PROMISING INDUSTRIES AND TRANSFORMS MAINE INTO A HUB FOR TOP TALENT. 0 0 2895769 2145984 0 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. 2895769 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PGM ACCOUNTING LLC 2075414353 319 MAIN STREET BIDDEFORD ME 04005 ANDREA MAKER PRESIDENT, CO-CHAIR & CO-FOUNDER 40.00 X X 192427 0 46976 MICHAEL BOURQUE TREASURER 1.00 X X 0 0 0 JOHN FITZSIMMONS SECRETARY 1.00 X X 0 0 0 AMANDA RECTOR BLAZEK MEMBER 1.00 X 0 0 0 DANA CONNORS MEMBER 1.00 X 0 0 0 JAY DEARBORN MEMBER 1.00 X 0 0 0 MICHAEL DUBYAK MEMBER 1.00 X 0 0 0 JOAN FERRINI-MUNDY MEMBER 1.00 X 0 0 0 ED MCKERSIE MEMBER 1.00 X 0 0 0 KRISTEN MIALE MEMBER 1.00 X 0 0 0 PATRICK WOODCOCK MEMBER 1.00 X 0 0 0 LEO WATERSTON PROGRAM DIRECTOR 40.00 X 138556 0 32364 330983 0 79340 2 0 1 0 STAISH KUMAR TADIKONDA 1 DUBLIN CIRCLE BURLINGTON MA 01803 LIFE SCIENCE BUSINESS RECRUITMENT 162000 1 531383 2943131 3474514 114221 114221 8477703 8514942 -37239 -37239 -37239 3551496 0 0 76982 2145984 2145984 251563 209910 31859 9794 300136 152753 112729 34654 76716 50430 20106 6180 40120 26374 10514 3232 11167 11167 19585 19585 1376 1376 46053 28103 17950 2440 1075 244 1121 26084 9998 15823 263 19321 17056 1892 373 24017 23497 520 5068 5068 CONSULTANTS 161227 112771 17006 31450 COMMUNICATIONS 79254 78350 904 PROJECT MANAGEMENT 30600 30600 BANK FEES 1102 186 420 496 21028 8682 12075 271 3262841 2895769 279238 87834 234825 230621 210204 676498 176372 243779 0 1360 1579513 1057609 2200914 2209867 375711 403807 1386844 1074951 1762555 1478758 X 221979 457330 216380 273779 438359 731109 2200914 2209867 288655 4095 0 X 0 1 X 1 0 X 557919 628255 642588 384550 1115782 3329094 557919 628255 642588 384550 1115782 3329094 545239 2783855 6361 7654 1109 21209 114221 150554 1900 540 224 1425 4089 3483737 0.79910 0.73610 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1376 1376 0 PART II-B, LINE 1: THE LOBBYING EXPENSES IN PART II-B OF SCHEDULE C REPRESENT STAFF TIME ADVOCATING FOR THE PASSAGE OF A RESEARCH AND DEVELOPMENT BOND. 0 X 4195519 4095 639928 644023 3551496 0 3551496 3902769 639928 639928 3262841 0 3262841 PART X, LINE 2: 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. 1 MAINE CENTER FOR ENTREPRENEURS PO BOX 8628 PORTLAND ME 04104 010510641 501(C)(3) 762947 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) 375846 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) 351121 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) 215870 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) 123848 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 63768 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) 28180 0 AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN THIRD SECTOR PROGRAMS 5 2 PART I, LINE 2: GRANTS ARE AWARDED THROUGH PROFESSIONAL SERVICES AGREEMENTS AND ARE PAID AS THE ENTITIES PERFORM SATISFACTORILY ON THE REQUIREMENTS OF THEIR AGREEMENTS. 0 0 0 0 0 0 0 0 0 ANDREA MAKER PRESIDENT, CO-CHAIR & CO-FOUNDER 192427 0 0 0 0 0 4075 0 42901 0 239403 0 0 0 LEO WATERSTON PROGRAM DIRECTOR 136556 0 2000 0 0 0 4207 0 28157 0 170920 0 0 0 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. 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) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0