Civic Intelligence

Maine Center for Enterprise Development

990 • Fiscal year 2016 • EIN 01-0510641

Jan 01, 2016 to Dec 31, 2016 • Filed on May 10, 2017

Organization ProfileWWW.MCED.BIZ

View Organization Page

30 Danforth Street No 216Portland, ME 04101

(207) 774-8111

Siviq Scores

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

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.16x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

37th percentile

-1.0%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$31,305

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

5th percentile

-37%

Faster asset growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$223,389

Down $130,234 (-37%) from 2015

Net Assets

Down

$134,661

Down $5,663 (-4.0%) from 2015

Liabilities

Down

$88,728

Down $124,571 (-58%) from 2015

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin37th percentile

Revenue

Up

$566,104

Up $66,294 (+13%) from 2015

Expenses

Up

$571,767

Up $13,647 (+2.4%) from 2015

Net Income

Up

-$5,663

Up $52,647 (+90%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$400K$200K$0-$200KAssets 2011: $46,795Liabilities 2011: $12,920Net Assets 2011: $33,8752011Assets 2012: $121,333Liabilities 2012: $95,076Net Assets 2012: $26,2572012Assets 2013: $275,244Liabilities 2013: $159,029Net Assets 2013: $116,2152013Assets 2014: $344,483Liabilities 2014: $145,849Net Assets 2014: $198,6342014Assets 2015: $353,623Liabilities 2015: $213,299Net Assets 2015: $140,3242015Assets 2016: $223,389Liabilities 2016: $88,728Net Assets 2016: $134,6612016Assets 2017: $328,137Liabilities 2017: $352,883Net Assets 2017: -$24,7462017Assets 2018: $184,902Liabilities 2018: $214,210Net Assets 2018: -$29,3082018Assets 2019: $230,863Liabilities 2019: $273,940Net Assets 2019: -$43,0772019Assets 2020: $293,278Liabilities 2020: $282,616Net Assets 2020: $10,6622020Assets 2021: $380,716Liabilities 2021: $269,824Net Assets 2021: $110,8922021Assets 2022: $318,760Liabilities 2022: $265,924Net Assets 2022: $52,8362022Assets 2023: $360,484Liabilities 2023: $279,881Net Assets 2023: $80,6032023Assets 2024: $319,240Liabilities 2024: $229,375Net Assets 2024: $89,8652024

Highlighted filing

2016

Assets$223,389
Liabilities$88,728
Net Assets$134,661
Open 2016 Filing

Operations Trend

Revenue Growth67th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $191,186Expenses 2011: $342,530Net Income 2011: -$151,3442011Revenue 2012: $420,906Expenses 2012: $428,524Net Income 2012: -$7,6182012Revenue 2013: $583,819Expenses 2013: $493,861Net Income 2013: $89,9582013Revenue 2014: $670,893Expenses 2014: $588,474Net Income 2014: $82,4192014Revenue 2015: $499,810Expenses 2015: $558,120Net Income 2015: -$58,3102015Revenue 2016: $566,104Expenses 2016: $571,767Net Income 2016: -$5,6632016Revenue 2017: $267,365Expenses 2017: $426,705Net Income 2017: -$159,3402017Revenue 2018: $553,853Expenses 2018: $557,093Net Income 2018: -$3,2402018Revenue 2019: $714,994Expenses 2019: $728,763Net Income 2019: -$13,7692019Revenue 2020: $871,455Expenses 2020: $817,716Net Income 2020: $53,7392020Revenue 2021: $1,053,182Expenses 2021: $952,952Net Income 2021: $100,2302021Revenue 2022: $962,397Expenses 2022: $1,020,453Net Income 2022: -$58,0562022Revenue 2023: $1,351,382Expenses 2023: $1,323,615Net Income 2023: $27,7672023Revenue 2024: $1,367,620Expenses 2024: $1,358,358Net Income 2024: $9,2622024

Highlighted filing

2016

Revenue$566,104
Expenses$571,767
Net Income-$5,663
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 10, 2017
Return Version
2016v3.0
Gross Receipts
$566,104
Mission and Program Overview

Mission

To create high quality jobs for Maine thorugh best practice incubations services that systematically assist new businesses with intellectual property and business plan needs, R&D activities, early stage financing and product commercialization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$316,591$183,312▼ $133,279
Accounts Receivable$28,250$40,077▲ $11,827
Prepaid Expenses and Deferred Charges$8,782$0▼ $8,782
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$353,623$223,389▼ $130,234
Liabilities
Grants Payable$112,000$0▼ $112,000
Deferred Revenue$94,845$69,800▼ $25,045
Accounts Payable and Accrued Expenses$6,454$18,928▲ $12,474
Total Liabilities$213,299$88,728▼ $124,571
Net Assets / Fund Balance
Unrestricted Net Assets$140,324$134,661▼ $5,663
Total Net Assets Fund Balance$140,324$134,661▼ $5,663
Total Liabilities and Net Assets / Fund Balance$353,623$223,389▼ $130,234

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$33,000$33,000
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tom RaineyExecutive DirecFT$31,305$31,305

Board Members and Trustees

NameTitle
Anthony PerkinsChair
Becky McKinnellDirector
Brett AustinDirector
Charles EmmondsDirector
Chris SauerDirector
Fletcher KittredgeDirector
James WardDirector
Jen BushDirector
Michael WingDirector
Sam FratoniDirector
Robert MartinSecretary
David HiattTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$487,455
Program Service Revenue
$78,649
Investment Income
$0
Other Revenue
$0
All Other Contributions
$124,953
Change in Net Assets
$-5,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$291,942
Other Expenses$279,825
Total Fundraising Expense$29,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,686$94,148$23,537$235,371
Fees for Services Other$113,702$48,730-$162,432
Current Officers, Directors, Trustees, and Key Employees$21,914$6,260$3,131$31,305
Occupancy$17,782$7,620-$25,402
Payroll Taxes$8,783$7,026$1,757$17,566
Other Employee Benefits$3,850$3,080$770$7,700
Office Expenses$5,017$2,150-$7,167
All Other Expenses$2,590$1,030-$3,620
Insurance$2,419$1,037-$3,456
Other Expenses$1,908$818-$2,726
Conferences and Meetings$1,956--$1,956
Travel$1,708--$1,708
Fees for Services Accounting-$1,514-$1,514
Advertising$926--$926
Fees for Services Legal-$185-$185
Total Functional Expenses$363,176$179,396$29,195$571,767
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Operations manager reviews the 990 before filing.”

Form 990, Part VI, Section C, line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Maine Center for Enterprise Development
EIN
01-0510641
Phone
2077748111
Address
30 Danforth Street No 216, Portland, ME 04101

Signing Officer

Name
Tom Rainey
Title
Executive Director
Phone
2077748111
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Rainey
Formed
1997
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
65

Preparer

Firm
Dufour Tax Group LLC
Address
215 Commercial Street, Portland, ME 04101
Preparer
Peter Dufour
Phone
2078050000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Subcontractors: Program service expenses 113,702. Management and general expenses 48,730. Fundraising expenses 0. Total expenses 162,432.”

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IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
IRS990/ProgramServiceRevenueGrp/BusinessCd4611430
IRS990/ProgramServiceRevenueGrp/Desc0Contracts/Services
IRS990/ProgramServiceRevenueGrp/Desc1Top Gun Program
IRS990/ProgramServiceRevenueGrp/Desc2MeBis Memberships
IRS990/ProgramServiceRevenueGrp/Desc3Specialty Workshop Fee
IRS990/ProgramServiceRevenueGrp/Desc4Table Talk
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115025
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41995
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt052039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41995
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0445285
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0232665
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt054525
IRS990/PYRevenuesLessExpensesAmt0-58310
IRS990/PYSalariesCompEmpBnftPaidAmt0325455
IRS990/PYTotalExpensesAmt0558120
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0499810
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5663
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt078649
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0487455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0445285
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0630837
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0512180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0372467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02448224
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt078649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt054525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt040056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt071639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt048439
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0293308
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02741532
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0566104
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0499810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0670893
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0583819
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0420906
IRS990ScheduleA/Total509Grp/TotalAmt02741532
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0566104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0499810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0670893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0583819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0420906
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02741532
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/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Operations manager reviews the 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Subcontractors: Program service expenses 113,702. Management and general expenses 48,730. Fundraising expenses 0. Total expenses 162,432.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0353623
IRS990/TotalAssetsEOYAmt0223389
IRS990/TotalAssetsGrp/BOYAmt0353623
IRS990/TotalAssetsGrp/EOYAmt0223389
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0487455
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029195
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0179396
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0363176
IRS990/TotalFunctionalExpensesGrp/TotalAmt0571767
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0213299
IRS990/TotalLiabilitiesEOYAmt088728
IRS990/TotalLiabilitiesGrp/BOYAmt0213299
IRS990/TotalLiabilitiesGrp/EOYAmt088728
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0140324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0134661
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0840
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0840
IRS990/TotalProgramServiceExpensesAmt0363176

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$223,389
Liabilities
$88,728
Net assets
$134,661
Revenue
$566,104
Expenses
$571,767
Net income
-$5,663
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.23$0.09$1.37$1.36$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.36$0.28$0.08$1.35$1.32$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.27$0.05$0.96$1.02$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.27$0.11$1.05$0.95$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.28$0.01$0.87$0.82$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.27$0.04$0.71$0.73$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.21$0.03$0.55$0.56$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.35$0.02$0.27$0.43$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.09$0.13$0.57$0.57$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.21$0.14$0.50$0.56$0.06
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.34$0.15$0.20$0.67$0.59$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.16$0.12$0.58$0.49$0.09
2012Summary only. Only limited summary data is available for this year.$0.12$0.10$0.03$0.42$0.43$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.01$0.03$0.19$0.34$0.15