Form 990 for tax year 2024

Totals

Total revenue

$1,915,257

Total expenses

$1,932,443

Contributions and grants received

$1,806,418

Grants paid

$593,267

Program service revenue

$92,789

Investment income

$250

Other revenue

$15,800

Total assets, end of year

$1,615,348

Total liabilities, end of year

$956,851

Net assets or fund balances, end of year

$658,497

Program services expenses (Part IX)

$1,284,577

Management and general expenses

$475,257

Fundraising expenses

$172,609

Program service expenses (Part III)

$1,284,577

Program services were 66.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade partners and unique networking opportunities. Trade missions are particularly useful for first time exporters or companies having difficulty expanding into a particular country or market. The Trade Center arranges all details of the missions including transportation, translators, and business meetings.

  Expenses $696,504 · Grants $593,267 · Revenue $72,714

• Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade Center's staff is committed to providing quality information and practical advice in selecting markets for our members' products and services. There are a number of resources we have available to the public in our Portland Trade Library, and on our website where trade news and current export data is listed. We have extensive internet research capabilities and on-line database services along with internet reference guides that provide our members with timely information on foreign markets.

  Expenses $282,240

• Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the essentials in conducting international business or country/industry-specific regulations, to understanding the state and federal resources that are available for Maine's internationally active business.

  Expenses $211,397 · Revenue $7,855

• Trade Shows and International Conferences:The Trade Center offers group trips and discounts on overseas trade show space through its alliance with other government agencies. This is a convenient way for members to participate in overseas shows and display products internationally. The Maine International Trade Center also hosts international conferences and incoming delegations from overseas. Trade Center members enjoy opportunities to network with foreign buyers, commercial representatives and visiting dignitaries.

  Expenses $94,436 · Revenue $12,220

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Xodus Group Inc

  $53,807

  Consulting Services

• Joshua Halpern Getting To Global LLC Dba Van Bassador

  $30,240

  Export Skills Development

• Stone & Associates

  $24,000

  Export Skills Development

• Hawkin Dynamics LLC

  $23,850

  Trade Show & Intl Conferences; Export Skills Development

• Gneiss Spice LLC

  $23,000

  E-Commerce & Digital Marketing

• Primetarget

  $22,500

  Export Skills Development

• Montalvo Corp

  $19,776

  Trade Show & Intl Conferences

• Auburn Manufacturing

  $15,000

  Export Skills Development

• Caron Engineering

  $15,000

  Trade Show & Intl Conferences

• Mid State Machine Products

  $15,000

  Export Skills Development

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.

• State of Maine

  ME

Provenance

Return type

form_990

Tax year

2024

Filed

31 March 2026

IRS schema version

2024v5.5

Source object

202600939349300420

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

The source document this was parsed from is served over the API, which is where bulk and document access live.