Civic Intelligence

Maine Development Foundation

990 • Fiscal year 2022 • EIN 01-0355563

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 18, 2023

Organization Profilewww.mdf.org

View Organization Page

2 Beech Street Suite 203Hallowell, ME 04347

(207) 622-6345

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.86x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.59x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

41st percentile

2.3%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$202,712

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

98%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

4.5%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$1,919,051

Up $948,252 (+98%) from 2021

Net Assets

Up

$271,700

Up $63,629 (+31%) from 2021

Liabilities

Up

$1,647,351

Up $884,623 (+116%) from 2021

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin41st percentile

Revenue

Up

$2,803,285

Up $121,841 (+4.5%) from 2021

Expenses

Down

$2,739,656

Down $40,984 (-1.5%) from 2021

Net Income

Up

$63,629

Up $162,825 (+164%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $699,961Liabilities 2011: $368,590Net Assets 2011: $331,3712011Assets 2012: $976,668Liabilities 2012: $336,797Net Assets 2012: $639,8712012Assets 2013: $896,507Liabilities 2013: $355,290Net Assets 2013: $541,2172013Assets 2014: $685,013Liabilities 2014: $165,651Net Assets 2014: $519,3622014Assets 2015: $597,703Liabilities 2015: $186,195Net Assets 2015: $411,5082015Assets 2016: $486,928Liabilities 2016: $209,580Net Assets 2016: $277,3482016Assets 2017: $696,530Liabilities 2017: $182,124Net Assets 2017: $514,4062017Assets 2018: $788,412Liabilities 2018: $338,857Net Assets 2018: $449,5552018Assets 2019: $713,218Liabilities 2019: $321,624Net Assets 2019: $391,5942019Assets 2020: $1,568,365Liabilities 2020: $1,261,098Net Assets 2020: $307,2672020Assets 2021: $970,799Liabilities 2021: $762,728Net Assets 2021: $208,0712021Assets 2022: $1,919,051Liabilities 2022: $1,647,351Net Assets 2022: $271,7002022Assets 2023: $1,176,862Liabilities 2023: $1,106,012Net Assets 2023: $70,8502023Assets 2024: $969,500Liabilities 2024: $934,485Net Assets 2024: $35,0152024

Highlighted filing

2022

Assets$1,919,051
Liabilities$1,647,351
Net Assets$271,700
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,473,122Expenses 2011: $1,488,806Net Income 2011: -$15,6842011Revenue 2012: $1,562,112Expenses 2012: $1,253,612Net Income 2012: $308,5002012Revenue 2013: $1,972,856Expenses 2013: $2,071,510Net Income 2013: -$98,6542013Revenue 2014: $2,021,324Expenses 2014: $2,043,179Net Income 2014: -$21,8552014Revenue 2015: $1,085,481Expenses 2015: $1,193,335Net Income 2015: -$107,8542015Revenue 2016: $1,217,801Expenses 2016: $1,351,961Net Income 2016: -$134,1602016Revenue 2017: $1,659,229Expenses 2017: $1,422,171Net Income 2017: $237,0582017Revenue 2018: $1,792,373Expenses 2018: $1,857,224Net Income 2018: -$64,8512018Revenue 2019: $1,791,473Expenses 2019: $1,849,434Net Income 2019: -$57,9612019Revenue 2020: $2,516,324Expenses 2020: $2,600,651Net Income 2020: -$84,3272020Revenue 2021: $2,681,444Expenses 2021: $2,780,640Net Income 2021: -$99,1962021Revenue 2022: $2,803,285Expenses 2022: $2,739,656Net Income 2022: $63,6292022Revenue 2023: $3,160,300Expenses 2023: $3,361,150Net Income 2023: -$200,8502023Revenue 2024: $2,966,802Expenses 2024: $3,002,637Net Income 2024: -$35,8352024

Highlighted filing

2022

Revenue$2,803,285
Expenses$2,739,656
Net Income$63,629
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 18, 2023
Return Version
2022v5.0
Gross Receipts
$2,803,285
Mission and Program Overview

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.

To promote economic growth in the State of Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$153,457$1,542,487▲ $1,389,030
Accounts Receivable$723,392$286,315▼ $437,077
Land, Buildings, and Equipment, Net$29,509$22,377▼ $7,132
Prepaid Expenses and Deferred Charges$9,983$10,830▲ $847
Cash and Non-Interest-Bearing Accounts$52,053$10,270▼ $41,783
Total Assets$970,799$1,919,051▲ $948,252
Other Assets Total$2,405$46,772▲ $44,367
Liabilities
Deferred Revenue$629,472$1,440,712▲ $811,240
Accounts Payable and Accrued Expenses$133,256$161,850▲ $28,594
Other Liabilities$0$44,789▲ $44,789
Total Liabilities$762,728$1,647,351▲ $884,623
Net Assets / Fund Balance
Net Assets With Donor Restrictions$25,628$150,182▲ $124,554
Net Assets Without Donor Restrictions$182,443$121,518▼ $60,925
Total Net Assets Fund Balance$208,071$271,700▲ $63,629
Total Liabilities and Net Assets / Fund Balance$970,799$1,919,051▲ $948,252

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,377$157,487$179,864
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yellow Light BreenPresident & CEOFT$171,862$30,850$202,712
Jan A KearceSr Team LeaderFT$101,133$15,475$116,608

Board Members and Trustees

NameTitle
Joy Barresi SaucierChair
Thomas FrancoeurVice Chair
Adam ShubDirector
Carlos MelloDirector
Catherine Wygant FossettDirector
Deborah JohnsonDirector
Eric SoelbergDirector
Hannah CarterDirector
Linda BallDirector
Lisa SockabasinDirector
Lori DwyerDirector
Michael McKernanDirector
Rick C LeonardDirector
Theresa CodyDirector
Amy LandryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,669,512
Program Service Revenue
$1,129,120
Investment Income
$4,653
Other Revenue
$0
All Other Contributions
$370,514
Change in Net Assets
$63,629

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,803,285
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$74,303
Total Revenue per Audited Statements
$2,877,588
Total Revenue per Form 990
$2,803,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,494,052
Grants and Similar Amounts Paid$757,270
Other Expenses$488,334
Total Fundraising Expense$44,095
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$760,579$195,180$17,906$973,665
Grants to Domestic Orgs$757,270--$757,270
Other Employee Benefits$211,095$54,171$4,970$270,236
Fees for Services Other$149,992$27,853$16,000$193,845
Current Officers, Directors, Trustees, and Key Employees$134,250$34,451$3,161$171,862
Conferences and Meetings$94,602$2,066$92$96,760
Payroll Taxes$61,155$15,694$1,440$78,289
Travel$42,461$6,027$526$49,014
Occupancy-$31,566-$31,566
All Other Expenses$12,298$10,185-$22,483
Depreciation Depletion-$13,648-$13,648
Office Expenses$6,722$6,114-$12,836
Other Expenses$3,560$10,331-$10,331
Insurance$3,700$6,293-$9,993
Advertising$1,856--$1,856
Total Functional Expenses$2,271,295$424,266$44,095$2,739,656

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,813,959
Expenses per Audited Statements$2,739,656
Total Expenses per Form 990$2,739,656
Expenses Not Reported on Form 990$74,303
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
60 Lowell Street LLCDamariscotta, ME-Economic Development$200,000
Town of Lincoln MaineLincoln, ME-Economic Development$114,523
Eastport Public Library AssociationEastport, ME-Peavey Memorial Library$64,616
Town of East Millinocket MaineEast Millinocket, ME-Economic Development$61,032
Norway Opera House CorporationNorway, ME-Economic Development$49,620
Town of Ashland MaineAshland, ME-Economic Development$43,887
The Chocolate Church Arts CenterBath, ME-Economic Development$42,038
Town of Madison MaineMadison, ME-Economic Development$30,000
Our KatahdinMillinocket, ME-Economic Development$14,510
Johnson Hall IncGardiner, ME-Redevelopment of Johnson Hall$12,550
Center Theatre for Performing ArtsDoverFoxcroft, ME-Economic Development$6,900
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligation$44,789
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The President/CEO and Director of Finance and Administration are part of the 990 preparation process and they and the Executive Committee of the Board review in final form before filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“All staff, directors and officers of the Maine Development Foundation are required to sign a disclosure annually after receiving a copy of the conflict of interest policy.”

Form 990, Part VI, Section B, line 15

“The President/CEO is reviewed by the Board of Directors Executive Committee, including the Chair, Vice Chair, and Treasurer. Key employees are reviewed by the President/CEO. Officers do not receive compensation.”

Form 990, Part VI, Section C, line 19

“The organization provides copies upon request.”

Filing and Contact Details

Filer

Filer Name
Maine Development Foundation
EIN
01-0355563
Phone
2076226345
Address
2 Beech Street Suite 203, Hallowell, ME 04347

Signing Officer

Name
Yellow Breen
Title
President & CEO
Phone
2076226345
Signed
2023-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yellow Breen
Formed
1978
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
15
Employees
19
Volunteers
150

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
Richard E Emerson Jr CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“Management of the Organization believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits.”

Raw XML AppendixShowing 400 of 648 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0133256
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0161850
IRS990/AccountsReceivableGrp/BOYAmt0723392
IRS990/AccountsReceivableGrp/EOYAmt0286315
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To promote economic growth in the State of Maine.
IRS990/AdvertisingGrp/ProgramServicesAmt01856
IRS990/AdvertisingGrp/TotalAmt01856
IRS990/AllOtherContributionsAmt0370514
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010185
IRS990/AllOtherExpensesGrp/ProgramServicesAmt012298
IRS990/AllOtherExpensesGrp/TotalAmt022483
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum02076226345
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 Beech Street Suite 203
IRS990/BooksInCareOfDetail/USAddress/CityNm0Hallowell
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004347
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt052053
IRS990/CashNonInterestBearingGrp/EOYAmt010270
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt03161
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt034451
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0134250
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0171862
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt092
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02066
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt094602
IRS990/ConferencesMeetingsGrp/TotalAmt096760
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01669512
IRS990/CYGrantsAndSimilarPaidAmt0757270
IRS990/CYInvestmentIncomeAmt04653
IRS990/CYOtherExpensesAmt0488334
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01129120
IRS990/CYRevenuesLessExpensesAmt063629
IRS990/CYSalariesCompEmpBnftPaidAmt01494052
IRS990/CYTotalExpensesAmt02739656
IRS990/CYTotalFundraisingExpenseAmt044095
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02803285
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0629472
IRS990/DeferredRevenueGrp/EOYAmt01440712
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013648
IRS990/DepreciationDepletionGrp/TotalAmt013648
IRS990/Desc0Maine 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt025628
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0150182
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt019
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0753431
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/FundraisingAmt016000
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt027853
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0149992
IRS990/FeesForServicesOtherGrp/TotalAmt0193845
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1530850
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1615475
IRS990/Form990PartVIISectionAGrp/PersonNm0Amy Landry
IRS990/Form990PartVIISectionAGrp/PersonNm1Carlos Mello
IRS990/Form990PartVIISectionAGrp/PersonNm2Catherine Wygant Fossett
IRS990/Form990PartVIISectionAGrp/PersonNm3Deborah Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm4Eric Soelberg
IRS990/Form990PartVIISectionAGrp/PersonNm5Hannah Carter
IRS990/Form990PartVIISectionAGrp/PersonNm6Joy Barresi Saucier
IRS990/Form990PartVIISectionAGrp/PersonNm7Linda Ball
IRS990/Form990PartVIISectionAGrp/PersonNm8Lisa Sockabasin
IRS990/Form990PartVIISectionAGrp/PersonNm9Lori Dwyer
IRS990/Form990PartVIISectionAGrp/PersonNm10Rick C Leonard
IRS990/Form990PartVIISectionAGrp/PersonNm11Thomas Francoeur
IRS990/Form990PartVIISectionAGrp/PersonNm12Theresa Cody
IRS990/Form990PartVIISectionAGrp/PersonNm13Michael McKernan
IRS990/Form990PartVIISectionAGrp/PersonNm14Adam Shub
IRS990/Form990PartVIISectionAGrp/PersonNm15Yellow Light Breen
IRS990/Form990PartVIISectionAGrp/PersonNm16Jan A Kearce
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15171862
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16101133
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16Sr Team Leader
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt01298998
IRS990/GrantAmt0460869
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0757270
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0757270
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02803285
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06293
IRS990/InsuranceGrp/ProgramServicesAmt03700
IRS990/InsuranceGrp/TotalAmt09993
IRS990/InvestmentIncomeGrp/ExclusionAmt04653
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04653
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0157487
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029509
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022377
IRS990/LandBldgEquipCostOrOtherBssAmt0179864
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0208071
IRS990/NetAssetsOrFundBalancesEOYAmt0271700
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0182443
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0121518
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt031566
IRS990/OccupancyGrp/TotalAmt031566
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06114
IRS990/OfficeExpensesGrp/ProgramServicesAmt06722
IRS990/OfficeExpensesGrp/TotalAmt012836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02405
IRS990/OtherAssetsTotalGrp/EOYAmt046772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04970
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054171
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0211095
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0270236
IRS990/OtherExpensesGrp/Desc0Dues and subscriptions
IRS990/OtherExpensesGrp/Desc1Sponsorships
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Equipment rental and ma
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01650
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1725
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28312
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310331
IRS990/OtherExpensesGrp/ProgramServicesAmt015980
IRS990/OtherExpensesGrp/ProgramServicesAmt115775
IRS990/OtherExpensesGrp/ProgramServicesAmt23560
IRS990/OtherExpensesGrp/TotalAmt017630
IRS990/OtherExpensesGrp/TotalAmt116500
IRS990/OtherExpensesGrp/TotalAmt211872
IRS990/OtherExpensesGrp/TotalAmt310331
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt044789
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017906
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0195180
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0760579
IRS990/OtherSalariesAndWagesGrp/TotalAmt0973665
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01440
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015694
IRS990/PayrollTaxesGrp/ProgramServicesAmt061155
IRS990/PayrollTaxesGrp/TotalAmt078289
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09983
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010830
IRS990/PrincipalOfficerNm0Yellow Breen
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0Contract Income
IRS990/ProgramServiceRevenueGrp/Desc1Program Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0846669
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1282451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0846669
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1282451
IRS990/ProgSrvcAccomActy2Grp/Desc0Leadership 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0175579
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0182971
IRS990/ProgSrvcAccomActy3Grp/Desc0The 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0693357
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0295401
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0235912
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0648928
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt01000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0460772
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01944270
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0790905
IRS990/PYInvestmentIncomeAmt0684
IRS990/PYOtherExpensesAmt0509765
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0736490
IRS990/PYRevenuesLessExpensesAmt0-99196
IRS990/PYSalariesCompEmpBnftPaidAmt01479970
IRS990/PYTotalExpensesAmt02780640
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02681444
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt063629
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0249465
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0153457
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01542487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01669512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01944270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01823774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0943851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01131109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07512516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0684
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01559
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06915
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05752
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019563
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04052820
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91880
IRS990ScheduleA/PublicSupportPY170Pct00.88550
IRS990ScheduleA/PublicSupportTotal170Amt06920634
IRS990ScheduleA/SubstantialContributorsTotAmt0591882
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01669512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01944270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01823774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0943851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01131109
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07512516
IRS990ScheduleA/TotalSupportAmt07532079
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt074303
IRS990ScheduleD/DonatedServicesUseFcltsAmt074303
IRS990ScheduleD/EquipmentGrp/BookValueAmt022377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157487
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0179864

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,919,051
Liabilities
$1,647,351
Net assets
$271,700
Revenue
$2,803,285
Expenses
$2,739,656
Net income
$63,629
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.93$0.04$2.97$3.00$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.18$1.11$0.07$3.16$3.36$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.92$1.65$0.27$2.80$2.74$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.76$0.21$2.68$2.78$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.57$1.26$0.31$2.52$2.60$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.71$0.32$0.39$1.79$1.85$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.79$0.34$0.45$1.79$1.86$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.18$0.51$1.66$1.42$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.21$0.28$1.22$1.35$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.19$0.41$1.09$1.19$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.17$0.52$2.02$2.04$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.36$0.54$1.97$2.07$0.10
2012Summary only. Only limited summary data is available for this year.$0.98$0.34$0.64$1.56$1.25$0.31
2011Summary only. Only limited summary data is available for this year.$0.70$0.37$0.33$1.47$1.49$0.02