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Nonprofiteer
← FOUNDATION FOR A STRONG MAINE ECONOMY

Form 990 for tax year 2023

Filed by FOUNDATION FOR A STRONG MAINE ECONOMY.

Totals

Total revenue
$3,241,469
Total expenses
$3,480,305
Contributions and grants received
$3,218,835
Grants paid
$2,245,912
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$3,136,922
Management and general expenses
$308,347
Fundraising expenses
$35,036
Program service expenses (Part III)
$3,136,922

Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREA MAKER

    PRESIDENT, CO-CHAIR & CO-FOUNDER

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MICHAEL BOURQUE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN FITZSIMMONS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DANA CONNORS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL DUBYAK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANA O'BRIEN

    PRESIDENT THRU 8/6/23

    Total calculated
    $121,563
    From this org
    $115,609
    From related orgs
    $0
    Other
    $5,954
    Hours/week
    40

  • LEO WATERSTON

    PROGRAM DIRECTOR

    Total calculated
    $133,558
    From this org
    $132,578
    From related orgs
    $0
    Other
    $980
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • MAINE CENTER FOR ENTREPENEURS

    $867,935

    AWARD TO INVEST IN BUSINESS ACCELERATION PROGRAMS DELIVERED BY MAINE CENTER FOR ENTREPRENEURS TO MAINE FOOD, BIOSCIENCE AND FOOD TECH COMPANIES

  • COASTAL ENTERPRISES INC

    $381,934

    AWARD TO COASTAL ENTERPRISES, INC TO INVEST IN BUSINESS GROWTH AND EXPANSION OF MAINE FOOD COMPANIES

  • EDUCATE MAINE

    $360,110

    AWARD TO EDUCATE MAINE TO INVEST IN PROVIDING EXPERIENTIAL PROGRAMS TO ATTRACT YOUNG PROFESSIONALS TO PURSUE CAREERS IN MAINE

  • MAINE AQUACULTURE ASSOCIATION

    $187,769

    AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AQUACULTURE PROGRAMS

  • LIVE WORK MAINE

    $100,000

    AWARD TO LIVE WORK MAINE TO BUILD TOOLS TO GROW THE WORKFORCE FOR MAINE FOOD COMPANIES

  • NORTHEASTERN UNIVERSITY

    $41,926

    AWARD TO NORTHEASTERN UNIVERSITY TO SUPPORT THE DEVELOPMENT OF A LIFE SCIENCE PROFESSIONAL NETWORK AND ASSET MAP

  • NEW ENGLAND OCEAN CLUSTER LLC

    $33,270

    AWARD TO NEW ENGLAND OCEAN CLUSTER TO ATTRACT AND PROVIDE BUSINESS SUPPORT TO COMPANIES STARTING OPERATIONS IN MAINE

  • THIRD SECTOR

    $14,283

    AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN THIRD SECTOR PROGRAMS

  • THE MAINE OYSTER COMPANY LLC

    $10,000

    AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN THE MAINE OYSTER COMPANY

  • AMERICAN UNAGI LLC

    $10,000

    AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN AMERICAN UNAGI

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202403039349300120

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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