Totals
- Total revenue
- $19,896,255
- Total expenses
- $23,228,135
- Contributions and grants received
- $8,977,304
- Grants paid
- $2,229,628
- Program service revenue
- $4,008,755
- Investment income
- $5,155,229
- Other revenue
- $1,754,967
- Total assets, end of year
- $166,561,368
- Total liabilities, end of year
- $110,155,283
- Net assets or fund balances, end of year
- $56,406,085
- Program services expenses (Part IX)
- $17,722,189
- Management and general expenses
- $5,047,996
- Fundraising expenses
- $457,950
- Program service expenses (Part III)
- $17,722,189
Program services were 76.3% 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)
$6,854,147
-
1f · All other contributions, gifts and grants
$2,123,157
-
2a · Program service revenue: INTEREST ON LOAN
total $3,713,314 · related or exempt $3,713,314
-
2b · Program service revenue: FEE INCOME
total $295,441 · related or exempt $295,441
-
3 · Investment income
total $1,699,239 · excluded $1,699,239
-
6a · Gross rents
real property $200
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $200
-
6d · Net rental income or loss
total $200 · excluded $200
-
7a · Gross sales of assets other than inventory
securities $876,500 · other assets $3,110,612
-
7b · Less cost or other basis and sales expenses
securities $531,122 · other assets $0
-
7c · Gain or loss
securities $345,378 · other assets $3,110,612
-
7d · Net gain or loss
total $3,455,990 · excluded $3,455,990
-
11a · Other revenue: MANAGEMENT FEE
total $1,278,997 · related or exempt $1,278,997
-
11b · Other revenue: BAD DEBT RECOVERY
total $351,934 · related or exempt $351,934
-
11c · Other revenue: ROYALTY LOANS
total $61,666 · related or exempt $61,666
-
11d · All other revenue
total $62,170 · related or exempt $62,170
-
11e · Other revenue, total
$1,754,767
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,927,658 · program services $1,927,658
-
2 · Grants to domestic individuals
total $301,970 · program services $301,970
-
5 · Compensation of officers, directors and key employees
total $1,220,465 · program services $800,080 · management and general $370,935 · fundraising $49,450
-
7 · Other salaries and wages
total $6,703,339 · program services $4,394,394 · management and general $2,037,344 · fundraising $271,601
-
8 · Pension plan contributions
total $299,703 · program services $196,471 · management and general $91,089 · fundraising $12,143
-
9 · Other employee benefits
total $66,896 · program services $43,218 · management and general $20,037 · fundraising $3,641
-
10 · Payroll taxes
total $552,999 · program services $362,520 · management and general $168,073 · fundraising $22,406
-
11b · Fees: legal
total $121,465 · program services $6,826 · management and general $114,639
-
11c · Fees: accounting
total $414,215 · program services $23,278 · management and general $390,937
-
11d · Fees: lobbying
total $19,250 · program services $19,250
-
11g · Fees: other
total $1,494,397 · program services $790,143 · management and general $644,693 · fundraising $59,561
-
12 · Advertising and promotion
total $94,521 · program services $41,910 · management and general $39,017 · fundraising $13,594
-
13 · Office expenses
total $233,699 · program services $138,941 · management and general $94,392 · fundraising $366
-
14 · Information technology
total $750,568 · program services $446,234 · management and general $303,157 · fundraising $1,177
-
16 · Occupancy
total $256,158 · program services $217,731 · management and general $17,500 · fundraising $20,927
-
17 · Travel
total $177,872 · program services $105,750 · management and general $71,843 · fundraising $279
-
19 · Conferences, conventions and meetings
total $2,888 · program services $1,717 · management and general $1,166 · fundraising $5
-
20 · Interest
total $3,324,342 · program services $3,324,342
-
22 · Depreciation, depletion and amortization
total $218,347 · program services $129,814 · management and general $88,191 · fundraising $342
-
23 · Insurance
total $1,181,650 · program services $702,525 · management and general $477,272 · fundraising $1,853
-
24a · Other expenses: LOAN LOSSES
total $3,465,858 · program services $3,465,858
-
24b · Other expenses: STAFF DEVELOPMENT
total $173,835 · program services $103,350 · management and general $70,212 · fundraising $273
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $68,720 · program services $40,856 · management and general $27,756 · fundraising $108
-
24d · Other expenses: DUES AND SUBS
total $37,463 · program services $22,273 · management and general $15,131 · fundraising $59
-
24e · All other expenses
total $119,857 · program services $115,080 · management and general $4,612 · fundraising $165
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,462,764 · end of year $43,603,090
-
2 · Savings and temporary cash investments
beginning of year $166,295 · end of year $168,463
-
3 · Pledges and grants receivable
beginning of year $4,140,045 · end of year $1,681,811
-
4 · Accounts receivable
beginning of year $39,509,271 · end of year $48,224,616
-
7 · Other notes and loans receivable
beginning of year $52,981,476 · end of year $62,813,390
-
9 · Prepaid expenses and deferred charges
beginning of year $299,649 · end of year $406,366
-
10a · Land, buildings and equipment: cost or other basis
$7,418,695
-
10b · Land, buildings and equipment: accumulated depreciation
$1,892,427
-
10c · Land, buildings and equipment, net
beginning of year $5,740,857 · end of year $5,526,268
-
13 · Investments: program-related
beginning of year $5,307,788 · end of year $4,135,233
-
15 · Other assets
beginning of year $0 · end of year $2,131
-
17 · Accounts payable and accrued expenses
beginning of year $1,633,310 · end of year $1,738,689
-
19 · Deferred revenue
beginning of year $194,871 · end of year $107,566
-
22 · Loans and payables to officers and key people
beginning of year $172,803 · end of year $174,646
-
23 · Secured mortgages and notes payable
beginning of year $84,606,237 · end of year $92,074,286
-
25 · Other liabilities
beginning of year $5,263,929 · end of year $16,060,096
-
27 · Net assets without donor restrictions
beginning of year $41,333,581 · end of year $37,669,201
-
28 · Net assets with donor restrictions
beginning of year $18,403,414 · end of year $18,736,884
Mission and programs · 2024
Mission
CEI INTEGRATES FINANCING, SMALL BUSINESS AND INDUSTRY EXPERTISE, AND POLICY SOLUTIONS TO GROW A VIBRANT FUTURE FOR PEOPLE AND COMMUNITIES WITH LOW INCOME IN MAINE AND RURAL REGIONS.
Activities or mission (Part I)
GROW A VIBRANT FUTURE FOR MAINE PEOPLE THROUGH COMMUNITY DEVELOPMENT FINANCE.
-
TO HELP CREATE OPPORTUNITIES FOR COMMUNITIES AND INDIVIDUALS, ESPECIALLY THOSE WITH LOW INCOMES, BY DEVELOPING AND ADMINISTERING PROGRAMS AND MOBILIZING FUNDS TO STIMULATE ECONOMIC ACTIVITY THROUGH INVESTMENT, TECHNICAL ASSISTANCE, EDUCATION AND TRAINING PRIMARILY IN SMALL BUSINESSES, AFFORDABLE HOUSING AND COMMUNITY FACILITIES.
Expenses $17,722,189 · Grants $2,229,628 · Revenue $5,763,522
As filed on the 2024 return.
Listed in Part VII
-
Adler PriolyADLER PRIOLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela TennettANGELA TENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth MattinglyBETH MATTINGLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
C Shawn YardleyC SHAWN YARDLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Van Dusen GodschalkCATHERINE VAN DUSEN GODSCHALK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Charles J Rudelitch EsqCHARLES J RUDELITCH ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan BelyeaDAN BELYEA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darrell IngramDARRELL INGRAM
DIRECTOR (AS OF 06/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Debby MillerDEBBY MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Devin CookDEVIN COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dhivya SingaramDHIVYA SINGARAM
DIRECTOR (AS OF 06/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Francis LutzFRANCIS LUTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason ParentJASON PARENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeannette AndreJEANNETTE ANDRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joshua DavisJOSHUA DAVIS
OUTGOING DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin LewisKEVIN LEWIS
OUTGOING DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew LewisMATTHEW LEWIS
DIRECTOR (AS OF 06/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Miriam L SharkMIRIAM L SHARK
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rhiannon HampsonRHIANNON HAMPSON
DIRECTOR (AS OF 06/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Safiya KhalidSAFIYA KHALID
OUTGOING DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sean DundonSEAN DUNDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan HammondSUSAN HAMMOND
OUTGOING DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin KramerBENJAMIN KRAMER
TREASURER
- Total calculated
- $164,747
- From this org
- $117,810
- From related orgs
- $0
- Other
- $46,937
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,810
- Bonus
- $0
- Other
- $0
- Deferred
- $6,068
- Nontaxable benefits
- $40,869
- Filer's total
- $164,747
-
Colleen IppolitoCOLLEEN IPPOLITO
CHIEF PEOPLE OFFICER/SECRETARY
- Total calculated
- $168,346
- From this org
- $120,828
- From related orgs
- $0
- Other
- $47,518
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,678
- Bonus
- $0
- Other
- $150
- Deferred
- $6,708
- Nontaxable benefits
- $40,810
- Filer's total
- $168,346
-
Elisabeth BiemannELISABETH BIEMANN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $298,897
- From this org
- $260,315
- From related orgs
- $0
- Other
- $38,582
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $260,315
- Bonus
- $0
- Other
- $0
- Deferred
- $13,546
- Nontaxable benefits
- $25,036
- Filer's total
- $298,897
-
Keith BissonKEITH BISSON
PRESIDENT
- Total calculated
- $254,354
- From this org
- $242,308
- From related orgs
- $0
- Other
- $12,046
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,308
- Bonus
- $0
- Other
- $0
- Deferred
- $12,046
- Nontaxable benefits
- $0
- Filer's total
- $254,354
-
Teresa JankovicTERESA JANKOVIC
CFO
- Total calculated
- $271,095
- From this org
- $236,704
- From related orgs
- $0
- Other
- $34,391
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,704
- Bonus
- $0
- Other
- $0
- Deferred
- $7,745
- Nontaxable benefits
- $26,646
- Filer's total
- $271,095
-
Cynthia MurphyCYNTHIA MURPHY
SENIOR DIRECTOR, SPECIAL PROJECTS
- Total calculated
- $141,898
- From this org
- $116,788
- From related orgs
- $0
- Other
- $25,110
- Hours/week
- 40
-
Daniel WallaceDANIEL WALLACE
CHIEF INVESTMENT OFFICER
- Total calculated
- $189,237
- From this org
- $165,446
- From related orgs
- $0
- Other
- $23,791
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,296
- Bonus
- $0
- Other
- $150
- Deferred
- $8,324
- Nontaxable benefits
- $15,467
- Filer's total
- $189,237
-
Jennifer SporzynskiJENNIFER SPORZYNSKI
CHIEF PROGRAM OFFICER
- Total calculated
- $201,504
- From this org
- $153,248
- From related orgs
- $0
- Other
- $48,256
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,098
- Bonus
- $0
- Other
- $150
- Deferred
- $8,302
- Nontaxable benefits
- $39,954
- Filer's total
- $201,504
-
Laura BuxbaumLAURA BUXBAUM
SVP, POLICY & RESOURCE DEVT(OUTGOING)
- Total calculated
- $162,786
- From this org
- $121,882
- From related orgs
- $0
- Other
- $40,904
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,732
- Bonus
- $0
- Other
- $150
- Deferred
- $6,661
- Nontaxable benefits
- $34,243
- Filer's total
- $162,786
-
Thomas P BurnhamTHOMAS P BURNHAM
DIRECTOR OF LOAN QUALITY A
- Total calculated
- $138,401
- From this org
- $113,910
- From related orgs
- $0
- Other
- $24,491
- 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. 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 · Independent compensation consultant
- 3 · Compensation survey or study
- 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
-
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
$212,500
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
INDIAN TOWNSHIP TRIBAL GOVERNMENT
$87,500
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
GRACES BUSY BEES LEARNING CENTER LLC
$80,000
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
KIDSPACE INCLUSIVE CHILDCARE
$68,000
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
RIVERSIDE ACADEMY
$68,000
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
WESTERN MAINE COMMUNITY ACTION
$68,000
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
-
MAINE MOUNTAIN CHILDRENS HOUSE
$62,500
CHILD CARE INFRASTRUCTURE GRANT PROGRAM
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
30 FEDERAL STREET INVESTMENTS LLC
COMMUNITY DEVELOPMENT · ME · income $3,162,466 · assets $50,650,976
Directly controlled by COASTAL ENTERPRISES INC
-
CEI FUND CAPITAL LLC
COMMUNITY DEVELOPMENT · ME · income $1,915,661 · assets $980,509
Directly controlled by COASTAL ENTERPRISES INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BRIGHT COMMUNITY CAPITAL HOLDINGS LLC
COMMUNITY DEVELOPMENT · ME
-
CEI CAPITAL MANAGEMENT LLC
RELATED · COMMUNITY DEVELOPMENT · ME · 99.99% owned · share of income $848,696 · share of assets $10,387,238 · general or managing partner
Directly controlled by COASTAL ENTERPRISES INC
-
COASTAL VENTURES III LP
VENTURE CAPITAL INVESTMENT · ME
-
COASTAL VENTURES IV LP
VENTURE CAPITAL INVESTMENT · ME
-
COASTAL VENTURES V LP
VENTURE CAPITAL INVESTMENT · ME
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CEI VENTURES INC
C · VENTURE CAPITAL INVESTMENT · ME · 100% owned · share of income $1,089,692 · share of assets $2,159,629
Directly controlled by COASTAL ENTERPRISES INC
-
CCML HOLDINGS INC
C · HOUSING MANAGEMENT · ME
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202602249349300105
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.