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← MAINE CENTER FOR ECONOMIC POLICY

Form 990 for tax year 2024

Filed by MAINE CENTER FOR ECONOMIC POLICY.

Totals

Total revenue
$1,684,804
Total expenses
$1,361,597
Contributions and grants received
$1,647,596
Grants paid
$20,000
Program service revenue
$500
Investment income
$36,708
Other revenue
$0
Total assets, end of year
$1,401,030
Total liabilities, end of year
$49,873
Net assets or fund balances, end of year
$1,351,157
Program services expenses (Part IX)
$958,726
Management and general expenses
$234,223
Fundraising expenses
$168,648
Program service expenses (Part III)
$958,726

Program services were 70.4% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,647,596

  • 2a · Program service revenue: CONFERENCE EVENT

    total $500 · related or exempt $500

  • 3 · Investment income

    total $36,708 · excluded $36,708

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 5 · Compensation of officers, directors and key employees

    total $136,232 · program services $34,058 · management and general $34,058 · fundraising $68,116

  • 7 · Other salaries and wages

    total $804,205 · program services $611,610 · management and general $128,063 · fundraising $64,532

  • 8 · Pension plan contributions

    total $43,299 · program services $32,743 · management and general $6,928 · fundraising $3,628

  • 9 · Other employee benefits

    total $175,843 · program services $133,294 · management and general $28,079 · fundraising $14,470

  • 10 · Payroll taxes

    total $73,559 · program services $51,491 · management and general $12,505 · fundraising $9,563

  • 11c · Fees: accounting

    total $16,931 · management and general $16,931

  • 11g · Fees: other

    total $8,401 · program services $8,401

  • 12 · Advertising and promotion

    total $1,125 · program services $1,125

  • 13 · Office expenses

    total $28,209 · program services $21,343 · management and general $3,129 · fundraising $3,737

  • 14 · Information technology

    total $2,290 · program services $1,603 · management and general $389 · fundraising $298

  • 16 · Occupancy

    total $19,523 · program services $13,666 · management and general $3,319 · fundraising $2,538

  • 17 · Travel

    total $20,908 · program services $19,863 · fundraising $1,045

  • 19 · Conferences, conventions and meetings

    total $1,548 · program services $1,455 · fundraising $93

  • 22 · Depreciation, depletion and amortization

    total $3,468 · program services $2,428 · management and general $590 · fundraising $450

  • 23 · Insurance

    total $4,106 · program services $4,106

  • 24a · Other expenses: MISCELLANEOUS

    total $1,367 · program services $957 · management and general $232 · fundraising $178

  • 24b · Other expenses: STAFF DEVELOPMENT & TRAIN

    total $583 · program services $583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,064,163 · end of year $1,384,563

  • 10a · Land, buildings and equipment: cost or other basis

    $28,892

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,937

  • 10c · Land, buildings and equipment, net

    beginning of year $9,423 · end of year $5,955

  • 15 · Other assets

    beginning of year $7,790 · end of year $10,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,426 · end of year $49,873

  • 27 · Net assets without donor restrictions

    beginning of year $805,999 · end of year $989,623

  • 28 · Net assets with donor restrictions

    beginning of year $221,951 · end of year $361,534

Mission and programs · 2024

Mission

THE MAINE CENTER FOR ECONOMIC POLICY PROVIDES CITIZENS, POLICYMAKERS, ADVOCATES, AND MEDIA WITH CREDIBLE AND RIGOROUS ECONOMIC ANALYSIS THAT ADVANCES ECONOMIC JUSTICE AND PROSPERITY FOR ALL MAINE PEOPLE.

Activities or mission (Part I)

THE MAINE CENTER FOR ECONOMIC POLICY ADVANCES EQUITY AND PROSPERITY FOR ALL MAINE PEOPLE THROUGH ISSUE-BASED ANALYSIS, EDUCATION, AND ADVOCACY.

  • RESEARCH & EDUCATION - MECEP CONDUCTED ANALYSIS, EDUCATION, AND ADVOCACY TO ADVANCE PUBLIC POLICIES THAT IMPROVE MAINETS 'ECONOMIC WELL-BEING'. 2024 ACCOMPLISHMENTS: EARNED 200+ MEDIA CITATIONS; PUBLISHED 4 MAJOR REPORTS, 30 BLOG ARTICLES, AND 8 OPINION PIECES; DELIVERED 42 PIECES OF TESTIMONY TO THE MAINE LEGISLATURE; PUBLISHED 3 EXPLAINER FACTSHEETS; EDUCATED 265 PEOPLE THROUGH EVENTS/PUBLIC PRESENTATIONS; MAINTAINED DAILY SOCIAL MEDIA CONTENT AND PUBLISHED A MONTHLY NEWSLETTER; AND COORDINATED AND PARTICIPATED IN MULTIPLE COALITIONS AND COMMITTEES THAT ADVANCE ECONOMIC JUSTICE.

    Expenses $958,726 · Grants $20,000 · Revenue $500

As filed on the 2024 return.

Listed in Part VII

  • Garrett Martin

    EXECUTIVE DI

    Total calculated
    $160,272
    From this org
    $127,234
    From related orgs
    $0
    Other
    $33,038
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,234
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,362
    Nontaxable benefits
    $26,676
    Filer's total
    $160,272

  • Ann Beaudry

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maulian Bryant

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barb Burt

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ben Chin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Pamela Cox

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lucy Van Hook

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Maurer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stacy Mitchell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Matt Schlobohm

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.0
Source object
202513089349300026

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