Civic Intelligence

Maine Center for Enterprise Development

990 • Fiscal year 2017 • EIN 01-0510641

Jan 01, 2017 to Dec 31, 2017 • Filed on May 11, 2018

Organization ProfileWWW.MCED.BIZ

View Organization Page

PO Box 8628Portland, ME 04104

(207) 774-8111

Siviq Scores

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

Liabilities / Assets

95th percentile

1.08x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

1.32x

Higher debt load relative to revenue than 96% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

7th percentile

-60%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$109,990

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 41.1% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

83rd percentile

47%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-53%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$328,137

Up $104,748 (+47%) from 2016

Net Assets

Down

-$24,746

Down $159,407 (-118%) from 2016

Liabilities

Up

$352,883

Up $264,155 (+298%) from 2016

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin7th percentile

Revenue

Down

$267,365

Down $298,739 (-53%) from 2016

Expenses

Down

$426,705

Down $145,062 (-25%) from 2016

Net Income

Down

-$159,340

Down $153,677 (-2714%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2017

Assets$328,137
Liabilities$352,883
Net Assets-$24,746
Open 2017 Filing

Operations Trend

Revenue Growth8th 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

2017

Revenue$267,365
Expenses$426,705
Net Income-$159,340
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 11, 2018
Return Version
2017v2.2
Gross Receipts
$267,365
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.

Empowering & enabling me's next generation of entrepreneurs through training and mentoring.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$183,312$303,314▲ $120,002
Accounts Receivable$40,077$24,823▼ $15,254
Total Assets$223,389$328,137▲ $104,748
Liabilities
Deferred Revenue$69,800$326,424▲ $256,624
Accounts Payable and Accrued Expenses$18,928$26,459▲ $7,531
Total Liabilities$88,728$352,883▲ $264,155
Net Assets / Fund Balance
Unrestricted Net Assets$134,661$-24,746▼ $159,407
Total Net Assets Fund Balance$134,661$-24,746▼ $159,407
Total Liabilities and Net Assets / Fund Balance$223,389$328,137▲ $104,748
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tom RaineyExecutive DirectorFT$109,990$109,990

Board Members and Trustees

NameTitle
Tony PerkinsChair
Becky MckinnellDirector
Brett AustinDirector
Brian WhitneyDirector
Charlie EmmonsDirector
Chris SauerDirector
Fletcher KittredgeDirector
Jake WardDirector
Mike WingDirector
Sam FratoniDirector
Todd KeillerDirector
Bob MartinSecretary
Cory VargoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$260,615
Program Service Revenue
$6,750
Investment Income
$0
Other Revenue
$0
All Other Contributions
$126,376
Change in Net Assets
$-159,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,989
Other Expenses$172,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,598$67,181-$128,779
Current Officers, Directors, Trustees, and Key Employees$52,611$57,379-$109,990
Fees for Services Other$66,528$28,151-$94,679
Occupancy$8,437$5,803-$14,240
Payroll Taxes$4,410$4,810-$9,220
Other Employee Benefits$2,870$3,130-$6,000
Insurance$2,066$2,254-$4,320
Travel-$2,427-$2,427
Other Expenses$1,158$1,263-$2,421
Office Expenses$675$1,602-$2,277
Advertising$581$399-$980
Fees for Services Legal-$60-$60
Total Functional Expenses$232,807$193,898$0$426,705
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
Backup withholding compliance
Yes
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

“Governing documents and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Maine Center for Entrepreneurs
EIN
01-0510641
Phone
2077748111
Address
PO BOX 8628, PORTLAND, ME 04104
Doing Business As
Maine Center for Entrepreneurs

Signing Officer

Name
Tom Rainey
Title
Executive Director
Phone
2077748111
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Rainey
Formed
1997
Legal Domicile
Me
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
100

Preparer

Firm
Macpage LLC
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Cory Vargo
Phone
2077745701
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services & contractors: program service expenses 66,528. Management and general expenses 28,151. Fundraising expenses 0. Total expenses 94,679.”

Raw XML AppendixShowing 400 of 423 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.

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IRS990/ProgramServiceRevenueGrp/Desc1E NEXT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0487455
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0279825
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt078649
IRS990/PYRevenuesLessExpensesAmt0-5663
IRS990/PYSalariesCompEmpBnftPaidAmt0291942
IRS990/PYTotalExpensesAmt0571767
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0566104
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-159340
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0260615
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0487455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0445285
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0630837
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0512180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02336372
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt078649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt054525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt040056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt071639
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0251619
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02587991
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0267365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0566104
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0499810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0670893
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0583819
IRS990ScheduleA/Total509Grp/TotalAmt02587991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0267365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0566104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0499810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0670893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0583819
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02587991
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATIONS MANAGER REVIEWS THE 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL SERVICES & CONTRACTORS: PROGRAM SERVICE EXPENSES 66,528. MANAGEMENT AND GENERAL EXPENSES 28,151. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,679.
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/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0223389
IRS990/TotalAssetsEOYAmt0328137
IRS990/TotalAssetsGrp/BOYAmt0223389
IRS990/TotalAssetsGrp/EOYAmt0328137
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0260615
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0193898
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0232807
IRS990/TotalFunctionalExpensesGrp/TotalAmt0426705
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088728
IRS990/TotalLiabilitiesEOYAmt0352883
IRS990/TotalLiabilitiesGrp/BOYAmt088728
IRS990/TotalLiabilitiesGrp/EOYAmt0352883
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0134661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-24746
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0232807
IRS990/TotalProgramServiceRevenueAmt06750
IRS990/TotalReportableCompFromOrgAmt0109990
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0267365
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0223389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0328137
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02427
IRS990/TravelGrp/TotalAmt02427
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0134661
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-24746
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 8628
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004104
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.MCED.BIZ
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM RAINEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02077748111
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAINE CENTER FOR ENTREPRENEURS
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0010510641
ReturnHeader/Filer/PhoneNum02077748111
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 8628
ReturnHeader/Filer/USAddress/CityNm0PORTLAND

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,137
Liabilities
$352,883
Net assets
-$24,746
Revenue
$267,365
Expenses
$426,705
Net income
-$159,340
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
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.35$0.02$0.27$0.43$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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