Civic Intelligence

Maine Development Foundation

990 • Fiscal year 2023 • EIN 01-0355563

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profilewww.mdf.org

View Organization Page

PO Box 3Augusta, ME 04332

(207) 622-6345

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.94x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.35x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

28th percentile

-6.4%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

91st percentile

$214,863

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

3rd percentile

-39%

Faster asset growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$1,176,862

Down $742,189 (-39%) from 2022

Net Assets

Down

$70,850

Down $200,850 (-74%) from 2022

Liabilities

Down

$1,106,012

Down $541,339 (-33%) from 2022

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin28th percentile

Revenue

Up

$3,160,300

Up $357,015 (+13%) from 2022

Expenses

Up

$3,361,150

Up $621,494 (+23%) from 2022

Net Income

Down

-$200,850

Down $264,479 (-416%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2023

Assets$1,176,862
Liabilities$1,106,012
Net Assets$70,850
Open 2023 Filing

Operations Trend

Revenue Growth59th 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

2023

Revenue$3,160,300
Expenses$3,361,150
Net Income-$200,850
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$3,166,340
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
Accounts Receivable$286,315$718,526▲ $432,211
Savings and Temporary Cash Investments$1,542,487$405,108▼ $1,137,379
Land, Buildings, and Equipment, Net$22,377$33,190▲ $10,813
Prepaid Expenses and Deferred Charges$10,830$4,425▼ $6,405
Cash and Non-Interest-Bearing Accounts$10,270$50▼ $10,220
Total Assets$1,919,051$1,176,862▼ $742,189
Other Assets Total$46,772$15,563▼ $31,209
Liabilities
Deferred Revenue$1,440,712$774,079▼ $666,633
Accounts Payable and Accrued Expenses$161,850$318,696▲ $156,846
Other Liabilities$44,789$13,237▼ $31,552
Total Liabilities$1,647,351$1,106,012▼ $541,339
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,518$50,199▼ $71,319
Net Assets With Donor Restrictions$150,182$20,651▼ $129,531
Total Net Assets Fund Balance$271,700$70,850▼ $200,850
Total Liabilities and Net Assets / Fund Balance$1,919,051$1,176,862▼ $742,189

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,190$161,774$194,964
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yellow Light BreenPresident & CEOFT$181,802$33,061$214,863
Jan A KearceEmployeeFT$108,029$22,352$130,381
Roseanna VanadestineEmployeeFT$112,058$16,290$128,348

Board Members and Trustees

NameTitle
Linda BallChair
Catherine Wygant FossettVice Chair
Adam ShubDirector
Carlos MelloDirector
Dayton BenwayDirector
Deborah JohnsonDirector
Eric SoelbergDirector
Hannah CarterDirector
Kendra CoatesDirector
Lisa SockabasinDirector
Lori DwyerDirector
Michael McKernanDirector
Theresa CodyDirector
Trampas HutchesDirector
Rick C LeonardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,906,245
Program Service Revenue
$1,217,002
Investment Income
$37,053
Other Revenue
$0
All Other Contributions
$445,939
Change in Net Assets
$-200,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,160,300
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$49,413
Total Revenue per Audited Statements
$3,209,713
Total Revenue per Form 990
$3,160,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,633,199
Other Expenses$923,210
Grants and Similar Amounts Paid$804,741
Total Fundraising Expense$74,425
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$685,200$330,488$49,461$1,065,149
Grants to Domestic Orgs$804,741--$804,741
Fees for Services Other$485,541$77,147-$562,688
Other Employee Benefits$174,450$107,209$12,587$294,246
Current Officers, Directors, Trustees, and Key Employees$116,951$56,408$8,442$181,801
Payroll Taxes$54,546$33,522$3,935$92,003
Conferences and Meetings$61,243$19,380-$80,623
Travel$60,033$17,541-$77,574
All Other Expenses$28,711$10,163-$38,874
Occupancy-$31,566-$31,566
Other Expenses$3,840$13,574-$17,414
Depreciation Depletion-$15,646-$15,646
Information Technology$5,644$5,183-$10,827
Advertising$6,590$2,658-$9,248
Insurance-$4,602-$4,602
Total Functional Expenses$2,504,050$782,675$74,425$3,361,150

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,410,563
Expenses per Audited Statements$3,361,150
Total Expenses per Form 990$3,361,150
Expenses Not Reported on Form 990$49,413
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Our KatahdinMillinocket, ME-Economic Development$180,531
Heart of EllsworthEllsworth, ME-Economic Development$62,936
Main Street BathBath, ME-Economic Development$57,336
Discover Downtown WestbrookWestbrook, ME-Economic Development$55,000
Gardiner Main StreetGardiner, ME-Economic Development$55,000
Rockland Main Street IncRockland, ME-Economic Development$55,000
Heart of BiddefordBiddeford, ME-Economic Development$53,550
Town of HoultonHoulton, ME-Economic Development$51,491
Augusta Downtown AllianceAugusta, ME-Economic Development$49,854
Our Town BelfastBelfast, ME-Economic Development$48,866
Porter Memorial LibraryMachias, ME-Economic Development$39,807
Sunrise County Economic CouncilMachias, ME-Economic Development$32,001
Town of East Millinocket MaineEast Millinocket, ME-Economic Development$27,715
60 Lowell Street LLCDamariscotta, ME-Economic Development$23,704
Lewiston Auburn Metropolitan Chamber of CommerceLewiston, ME-Economic Development$5,500
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$13,237
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 COO 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
PO Box 3, Augusta, ME 04332

Signing Officer

Name
Yellow Breen
Title
President & CEO
Phone
2076226345
Signed
2024-11-14
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
20
Volunteers
150

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
Maria Happnie CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Consultants: Program service expenses 485,541. Management and general expenses 54,647. Fundraising expenses 0. Total expenses 540,188. Professional Fees: Program service expenses 0. Management and general expenses 22,500. Fundraising expenses 0. Total expenses 22,500.”

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 695 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/BOYAmt0161850
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0318696
IRS990/AccountsReceivableGrp/BOYAmt0286315
IRS990/AccountsReceivableGrp/EOYAmt0718526
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To promote economic growth in the State of Maine.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02658
IRS990/AdvertisingGrp/ProgramServicesAmt06590
IRS990/AdvertisingGrp/TotalAmt09248
IRS990/AllOtherContributionsAmt0445939
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010163
IRS990/AllOtherExpensesGrp/ProgramServicesAmt028711
IRS990/AllOtherExpensesGrp/TotalAmt038874
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum02076226345
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 3
IRS990/BooksInCareOfDetail/USAddress/CityNm0Augusta
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004332
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt010270
IRS990/CashNonInterestBearingGrp/EOYAmt050
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt08442
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt056408
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0116951
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0181801
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt019380
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt061243
IRS990/ConferencesMeetingsGrp/TotalAmt080623
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01906245
IRS990/CYGrantsAndSimilarPaidAmt0804741
IRS990/CYInvestmentIncomeAmt037053
IRS990/CYOtherExpensesAmt0923210
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01217002
IRS990/CYRevenuesLessExpensesAmt0-200850
IRS990/CYSalariesCompEmpBnftPaidAmt01633199
IRS990/CYTotalExpensesAmt03361150
IRS990/CYTotalFundraisingExpenseAmt074425
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03160300
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01440712
IRS990/DeferredRevenueGrp/EOYAmt0774079
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015646
IRS990/DepreciationDepletionGrp/TotalAmt015646
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/BOYAmt0150182
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt020651
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01014288
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt077147
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0485541
IRS990/FeesForServicesOtherGrp/TotalAmt0562688
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
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/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/OtherCompensationAmt1533061
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1622352
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1716290
IRS990/Form990PartVIISectionAGrp/PersonNm0Carlos Mello
IRS990/Form990PartVIISectionAGrp/PersonNm1Catherine Wygant Fossett
IRS990/Form990PartVIISectionAGrp/PersonNm2Deborah Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm3Eric Soelberg
IRS990/Form990PartVIISectionAGrp/PersonNm4Hannah Carter
IRS990/Form990PartVIISectionAGrp/PersonNm5Linda Ball
IRS990/Form990PartVIISectionAGrp/PersonNm6Lisa Sockabasin
IRS990/Form990PartVIISectionAGrp/PersonNm7Lori Dwyer
IRS990/Form990PartVIISectionAGrp/PersonNm8Rick C Leonard
IRS990/Form990PartVIISectionAGrp/PersonNm9Theresa Cody
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael McKernan
IRS990/Form990PartVIISectionAGrp/PersonNm11Adam Shub
IRS990/Form990PartVIISectionAGrp/PersonNm12Dayton Benway
IRS990/Form990PartVIISectionAGrp/PersonNm13Kendra Coates
IRS990/Form990PartVIISectionAGrp/PersonNm14Trampas Hutches
IRS990/Form990PartVIISectionAGrp/PersonNm15Yellow Light Breen
IRS990/Form990PartVIISectionAGrp/PersonNm16Jan A Kearce
IRS990/Form990PartVIISectionAGrp/PersonNm17Roseanna Vanadestine
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/ReportableCompFromOrgAmt15181802
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16108029
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17112058
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/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16Employee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Employee
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt06504
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt01460306
IRS990/GrantAmt0541395
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0804741
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0804741
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt012544
IRS990/GrossReceiptsAmt03166340
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05183
IRS990/InformationTechnologyGrp/ProgramServicesAmt05644
IRS990/InformationTechnologyGrp/TotalAmt010827
IRS990/InsuranceGrp/ManagementAndGeneralAmt04602
IRS990/InsuranceGrp/TotalAmt04602
IRS990/InvestmentIncomeGrp/ExclusionAmt030549
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030549
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0161774
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022377
IRS990/LandBldgEquipBasisNetGrp/EOYAmt033190
IRS990/LandBldgEquipCostOrOtherBssAmt0194964
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt06040
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/NetAssetsOrFundBalancesBOYAmt0271700
IRS990/NetAssetsOrFundBalancesEOYAmt070850
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06504
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06504
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0121518
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt050199
IRS990/NoncashContributionsAmt010000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt031566
IRS990/OccupancyGrp/TotalAmt031566
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt046772
IRS990/OtherAssetsTotalGrp/EOYAmt015563
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012587
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0107209
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0174450
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0294246
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Equipment rental and ma
IRS990/OtherExpensesGrp/Desc2Dues and subscriptions
IRS990/OtherExpensesGrp/Desc3Telephone
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt026108
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123886
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27594
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt313574
IRS990/OtherExpensesGrp/ProgramServicesAmt01828
IRS990/OtherExpensesGrp/ProgramServicesAmt114732
IRS990/OtherExpensesGrp/ProgramServicesAmt23840
IRS990/OtherExpensesGrp/TotalAmt027936
IRS990/OtherExpensesGrp/TotalAmt123886
IRS990/OtherExpensesGrp/TotalAmt222326
IRS990/OtherExpensesGrp/TotalAmt317414
IRS990/OtherLiabilitiesGrp/BOYAmt044789
IRS990/OtherLiabilitiesGrp/EOYAmt013237
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt049461
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0330488
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0685200
IRS990/OtherSalariesAndWagesGrp/TotalAmt01065149
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03935
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033522
IRS990/PayrollTaxesGrp/ProgramServicesAmt054546
IRS990/PayrollTaxesGrp/TotalAmt092003
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010830
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04425
IRS990/PrincipalOfficerNm0Yellow Breen
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0Contract Income
IRS990/ProgramServiceRevenueGrp/Desc1Program Fees
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0880925
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1328476
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0880925
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1328476
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27601
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/ExpenseAmt0389635
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0183530
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/ExpenseAmt0669271
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0240247
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0150000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0430856
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt023099
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0514466
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01669512
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0757270
IRS990/PYInvestmentIncomeAmt04653
IRS990/PYOtherExpensesAmt0488334
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01129120
IRS990/PYRevenuesLessExpensesAmt063629
IRS990/PYSalariesCompEmpBnftPaidAmt01494052
IRS990/PYTotalExpensesAmt02739656
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02803285
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-200850
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0369006
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01542487
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0405108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01896245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01669512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01944270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01823774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0943851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08277652
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030549
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04653
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0684
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01559
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06915
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt044360
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04614310
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96190
IRS990ScheduleA/PublicSupportPY170Pct00.91880
IRS990ScheduleA/PublicSupportTotal170Amt08005022
IRS990ScheduleA/SubstantialContributorsTotAmt0272630
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01896245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01669512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01944270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01823774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0943851
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08277652
IRS990ScheduleA/TotalSupportAmt08322012

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,176,862
Liabilities
$1,106,012
Net assets
$70,850
Revenue
$3,160,300
Expenses
$3,361,150
Net income
-$200,850
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