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Nonprofiteer
← MAINE INITIATIVES INC

Form 990 for tax year 2022

Filed by MAINE INITIATIVES INC.

Totals

Total revenue
$3,513,921
Total expenses
$3,593,377
Contributions and grants received
$3,439,857
Grants paid
$1,787,479
Program service revenue
$0
Investment income
$67,049
Other revenue
$7,015
Total assets, end of year
$5,149,067
Total liabilities, end of year
$723,336
Net assets or fund balances, end of year
$4,425,731
Program services expenses (Part IX)
$3,151,155
Management and general expenses
$397,442
Fundraising expenses
$44,780
Program service expenses (Part III)
$3,151,155

Program services were 87.7% 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.

  • 1b · Membership dues

    $7,500

  • 1f · All other contributions, gifts and grants

    $3,432,357

  • 1g · Noncash contributions included above

    $88,734

  • 3 · Investment income

    total $67,049 · excluded $67,049

  • 11a · Other revenue: SHARED SPACE RENTAL INCOME

    total $7,365 · related or exempt $7,365

  • 11b · Other revenue: MISCELLANEOUS

    total -$350 · excluded -$350

  • 11e · Other revenue, total

    $7,015

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,787,479 · program services $1,787,479

  • 5 · Compensation of officers, directors and key employees

    total $134,259 · program services $60,417 · management and general $40,277 · fundraising $33,565

  • 7 · Other salaries and wages

    total $946,209 · program services $782,025 · management and general $164,184

  • 8 · Pension plan contributions

    total $14,010 · program services $5,095 · management and general $8,915

  • 9 · Other employee benefits

    total $78,638 · program services $52,441 · management and general $26,197

  • 10 · Payroll taxes

    total $91,013 · program services $70,990 · management and general $17,293 · fundraising $2,730

  • 11b · Fees: legal

    total $1,261 · management and general $1,261

  • 11c · Fees: accounting

    total $27,960 · management and general $27,960

  • 11g · Fees: other

    total $258,014 · program services $232,504 · management and general $19,510 · fundraising $6,000

  • 12 · Advertising and promotion

    total $11,737 · program services $9,437 · management and general $2,300

  • 13 · Office expenses

    total $37,468 · program services $20,482 · management and general $14,852 · fundraising $2,134

  • 16 · Occupancy

    total $58,673 · program services $34,151 · management and general $24,522

  • 17 · Travel

    total $39,092 · program services $23,605 · management and general $15,487

  • 19 · Conferences, conventions and meetings

    total $71,382 · program services $64,971 · management and general $6,411

  • 22 · Depreciation, depletion and amortization

    total $2,144 · program services $1,394 · management and general $428 · fundraising $322

  • 23 · Insurance

    total $4,243 · program services $190 · management and general $4,053

  • 24a · Other expenses: PROFESSIONAL DEVELOPMENT

    total $16,567 · program services $5,842 · management and general $10,725

  • 24b · Other expenses: OTHER MISCELLANEOUS

    total $13,228 · program services $132 · management and general $13,067 · fundraising $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $806,795 · end of year $1,002,961

  • 3 · Pledges and grants receivable

    end of year $255,000

  • 4 · Accounts receivable

    beginning of year $5,909 · end of year $10,772

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,990 · end of year $25,345

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

    $12,691

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

    $5,026

  • 10c · Land, buildings and equipment, net

    beginning of year $5,589 · end of year $7,665

  • 11 · Investments: publicly traded securities

    beginning of year $3,445,494 · end of year $3,702,324

  • 12 · Investments: other securities

    beginning of year $145,000 · end of year $145,000

  • 15 · Other assets

    beginning of year $1,760

  • 17 · Accounts payable and accrued expenses

    beginning of year $175,314 · end of year $120,850

  • 18 · Grants payable

    end of year $602,486

  • 27 · Net assets without donor restrictions

    beginning of year $945,762 · end of year $1,171,022

  • 28 · Net assets with donor restrictions

    beginning of year $3,293,461 · end of year $3,254,709

Mission and programs · 2022

Mission

MAINE INITIATIVES, A FUND FOR CHANGE, CULTIVATES SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE THROUGH GRANTS AND OTHER SUPPORT TO GRASSROOTS ORGANIZATIONS IN MAINE COMMUNITIES.

  • GRANT MAKING AND COMMUNITY ENGAGEMENT: PROVIDE GRANTS TO MAINE-BASED ORGANIZATIONS PROMOTING SOCIAL, ECONOMIC,AND ENVIRONMENTAL JUSTICE. PROVIDE TECHNICAL ASSISTANCE AND HIGH VISIBILITY FOR THESE ORGANIZATIONS AND THEIR WORK.

    Expenses $2,234,947 · Grants $1,576,610

  • MAINE YOUTH JUSTICE - FISCAL SPONSORSHIP - INVESTMENT IN A RANGE OF COMMUNITY BASED SUPPORTS THAT RESPOND TO YOUNG PEOPLE'S NEEDS. CAMPAIGN LED BY YOUNG PEOPLE WHO HAVE BEEN INCARCERATED IN LONG CREEK AND DIRECTLY IMPACTED BY THE JUVENILE JUSTICE SYSTEM.

    Expenses $570,074

  • THE MAINE SHARE PROGRAM PROVIDES AN EASY WAY TO DONATE TO OVER 40 STATEWIDE ORGANIZATIONS WORKING EVERYDAY TO MAKE MAINE A BETTER PLACE TO LIVE. THROUGH PAYROLL GIVING, CONTRIBUTIONS AND DIRECT GIFTS, DONORS HELP THESE ORGANIZATIONS ACHIEVE GOOD HEALTH, ENVIRONMENTAL PROTECTION, SAFE COMMUNITIES, ECONOMIC OPPORTUNITY, HUMAN RIGHTS, ANIMAL WELFARE, PEACE, AND MUCH MORE. YEAR-ROUND CHARITABLE GIVING THROUGH WORKPLACE CAMPAIGNS PROVIDES THESE GROUPS WITH A STEADY FLOW OF DOLLARS TO KEEP IMPORTANT PROGRAMS GOING.

    Expenses $346,134 · Grants $210,869

As filed on the 2022 return.

Listed in Part VII

  • PHILIP WALSH

    EXECUTIVE DI

    Total calculated
    $124,026
    From this org
    $120,414
    From related orgs
    $0
    Other
    $3,612
    Hours/week
    40

  • SASS BORODKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER CEIDE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.6

  • ANDREA FRANCIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAKE GRINDLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LESLIE HILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.8

  • CARLA HUNT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.4

  • LAURESS LAWRENCE

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1.7

  • KAEL PARKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.92

  • DAVID PATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.8

  • VICTORIA RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREG SAMPLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ELLEN SEIDMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1.2

  • SETT VINCENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202402289349302920

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