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Nonprofiteer
← MAINE INITIATIVES INC

Form 990 for tax year 2024

Filed by MAINE INITIATIVES INC.

Totals

Total revenue
$3,901,867
Total expenses
$3,722,485
Contributions and grants received
$3,841,787
Grants paid
$1,916,165
Program service revenue
$0
Investment income
$57,939
Other revenue
$2,141
Total assets, end of year
$6,402,822
Total liabilities, end of year
$1,984,730
Net assets or fund balances, end of year
$4,418,092
Program services expenses (Part IX)
$3,041,115
Management and general expenses
$618,694
Fundraising expenses
$62,676
Program service expenses (Part III)
$3,041,115

Program services were 81.7% 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

    $25,600

  • 1f · All other contributions, gifts and grants

    $3,816,187

  • 1g · Noncash contributions included above

    $225,828

  • 3 · Investment income

    total $57,939 · excluded $57,939

  • 11a · Other revenue: MISCELLANEOUS

    total $2,141 · excluded $2,141

  • 11e · Other revenue, total

    $2,141

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,916,165 · program services $1,916,165

  • 5 · Compensation of officers, directors and key employees

    total $151,410 · program services $83,073 · management and general $22,833 · fundraising $45,504

  • 7 · Other salaries and wages

    total $691,495 · program services $500,558 · management and general $190,937

  • 8 · Pension plan contributions

    total $15,921 · program services $9,565 · management and general $6,356

  • 9 · Other employee benefits

    total $105,941 · program services $67,561 · management and general $38,380

  • 10 · Payroll taxes

    total $74,582 · program services $51,723 · management and general $18,951 · fundraising $3,908

  • 11b · Fees: legal

    total $1,486 · management and general $1,486

  • 11c · Fees: accounting

    total $52,682 · management and general $52,682

  • 11g · Fees: other

    total $311,834 · program services $196,423 · management and general $113,911 · fundraising $1,500

  • 12 · Advertising and promotion

    total $31,756 · program services $31,661 · management and general $95

  • 13 · Office expenses

    total $72,114 · program services $37,130 · management and general $25,470 · fundraising $9,514

  • 16 · Occupancy

    total $54,215 · program services $556 · management and general $53,659

  • 17 · Travel

    total $38,228 · program services $28,981 · management and general $9,037 · fundraising $210

  • 19 · Conferences, conventions and meetings

    total $108,887 · program services $106,701 · management and general $2,002 · fundraising $184

  • 22 · Depreciation, depletion and amortization

    total $12,292 · program services $7,990 · management and general $2,458 · fundraising $1,844

  • 23 · Insurance

    total $3,346 · program services $232 · management and general $3,114

  • 24a · Other expenses: UNCOLLECTIBLE PLEDGE

    total $50,000 · management and general $50,000

  • 24b · Other expenses: OTHER MISCELLANEOUS

    total $17,019 · program services $614 · management and general $16,393 · fundraising $12

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $13,112 · program services $2,182 · management and general $10,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,209 · end of year $428,745

  • 3 · Pledges and grants receivable

    beginning of year $345,370 · end of year $1,465,000

  • 4 · Accounts receivable

    end of year $19,695

  • 9 · Prepaid expenses and deferred charges

    end of year $29,646

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

    $12,690

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

    $9,248

  • 10c · Land, buildings and equipment, net

    beginning of year $5,355 · end of year $3,442

  • 11 · Investments: publicly traded securities

    beginning of year $4,343,433 · end of year $4,213,706

  • 12 · Investments: other securities

    beginning of year $145,000 · end of year $120,000

  • 14 · Intangible assets

    end of year $50,487

  • 15 · Other assets

    beginning of year $113,765 · end of year $72,101

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,828 · end of year $105,378

  • 18 · Grants payable

    beginning of year $1,184,611 · end of year $1,763,068

  • 21 · Escrow or custodial account liability

    end of year $48,944

  • 25 · Other liabilities

    beginning of year $109,004 · end of year $67,340

  • 27 · Net assets without donor restrictions

    beginning of year -$308,148 · end of year -$845,095

  • 28 · Net assets with donor restrictions

    beginning of year $4,025,837 · end of year $5,263,187

Mission and programs · 2024

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 $2,740,600 · Grants $1,916,165

  • 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 $173,678

  • 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 $126,837

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

Listed in Part VII

  • PHILIP WALSH

    EXECUTIVE DI

    Total calculated
    $151,411
    From this org
    $146,214
    From related orgs
    $0
    Other
    $5,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,214
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,386
    Nontaxable benefits
    $811
    Filer's total
    $151,411

  • JENNETTE ANDRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER CEIDE

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • ANDREA FRANCIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LESLIE HILL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LAURESS LAWRENCE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KAEL PARKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID PATRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA RODRIGUEZ

    TRUSTEE

    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

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

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2026
IRS schema version
2024v5.0
Source object
202612299349300516

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

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