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MAINE DEVELOPMENT FOUNDATION

EIN 01-0355563 AUGUSTA, ME

Revenue 2023
$3,160,300
Expenses 2023
$3,361,150

Program services were 74.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S30Z
Classification
1000
Street
PO BOX 3

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

Mission

The mission of the Maine Development Foundation is to foster sustainable, long-term economic growth for Maine. Its programs stimulate new ideas, help develop Maine's leaders, and provide common ground for solving problems and advancing important issues.

Activities or mission (Part I)

To promote economic growth in the State of Maine.

  • Maine Downtown Center works to help downtowns with their revitalization efforts and fosters downtown development that is dynamic and community-based, and results in economic development, business growth, job creation, housing revitalization, historic preservation, and cultural enhancement.

    Expenses $1,014,288 · Grants $541,395 · Revenue $369,006

  • Leadership Maine is a powerful, nine-month, outward journey that takes a leader beyond their day-to-day experience and expands their capacity to shape our state's future. The Leadership Maine curriculum is designed for leaders from all sectors. Each Leadership Maine class is given real-life challenges to address. Participants work in teams to address the assigned issue, connect with key stakeholders, organizations and groups, and develop a solution-oriented path with the goal of improving the economy.

    Expenses $389,635 · Revenue $183,530

  • The Forest Economy Project was launched in summer 2016 to support industry, community, and research leaders to develop and implement recommendations to strengthen and diversify Maine's forest industry and rural economies, supported initially by a 3-year federal Economic Development Administration grant to assist with supporting, coordinating, and reporting on Maine's forest economy recovery and revitalization effort.

    Expenses $669,271 · Grants $240,247 · Revenue $150,000

  • Expenses $430,856 · Grants $23,099 · Revenue $514,466

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Carlos Mello

    Director

    Total calculated
    $0
    Hours/week
    1

  • Catherine Wygant Fossett

    Vice Chair

    Total calculated
    $0
    Hours/week
    1.5

  • Deborah Johnson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Soelberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hannah Carter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Ball

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Lisa Sockabasin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Dwyer

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Rick C Leonard

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Theresa Cody

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Michael McKernan

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Adam Shub

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dayton Benway

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kendra Coates

    Director

    Total calculated
    $0
    Hours/week
    1

  • Trampas Hutches

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yellow Light Breen

    President & CEO

    Total calculated
    $214,863
    From this org
    $181,802
    From related orgs
    $0
    Other
    $33,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,802
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $24,061
    Filer's total
    $214,863

  • Jan A Kearce

    Employee

    Total calculated
    $130,381
    From this org
    $108,029
    From related orgs
    $0
    Other
    $22,352
    Hours/week
    40

  • Roseanna Vanadestine

    Employee

    Total calculated
    $128,348
    From this org
    $112,058
    From related orgs
    $0
    Other
    $16,290
    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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $3,160,300
    Expenses
    $3,361,150
    Contributions
    $1,906,245
    Grants paid
    $804,741
  • 2022
    Revenue
    $2,803,285
    Expenses
    $2,739,656
    Contributions
    $1,669,512
    Grants paid
    $757,270

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,681,444
    Expenses
    $2,780,640
    Assets (EOY)
    $970,799

  • 2020 · 990

    Revenue
    $2,516,324
    Expenses
    $2,600,651
    Assets (EOY)
    $1,568,365

  • 2019 · 990

    Revenue
    $1,791,473
    Expenses
    $1,849,434
    Assets (EOY)
    $713,218

  • 2018 · 990

    Revenue
    $1,792,373
    Expenses
    $1,857,224
    Assets (EOY)
    $788,412

  • 2018 · 990

    Revenue
    $1,792,373
    Expenses
    $1,857,224
    Assets (EOY)
    $788,412

  • 2017 · 990

    Revenue
    $1,659,229
    Expenses
    $1,422,171
    Assets (EOY)
    $696,530

  • 2016 · 990

    Revenue
    $1,217,801
    Expenses
    $1,351,961
    Assets (EOY)
    $486,928

  • 2015 · 990

    Revenue
    $1,085,481
    Expenses
    $1,193,335
    Assets (EOY)
    $597,703

  • 2014 · 990

    Revenue
    $2,021,324
    Expenses
    $2,043,179
    Assets (EOY)
    $685,013

  • 2013 · 990

    Revenue
    $1,972,856
    Expenses
    $2,071,510
    Assets (EOY)
    $896,507

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

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

Where these grants went next →

Grants received

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

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.