Civic Intelligence

Maine Center for Enterprise Development

990 • Fiscal year 2019 • EIN 01-0510641

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 26, 2020

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

1.19x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.38x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

34th percentile

-1.9%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$149,218

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

80th percentile

25%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

29%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$230,863

Up $45,961 (+25%) from 2018

Net Assets

Down

-$43,077

Down $13,769 (-47%) from 2018

Liabilities

Up

$273,940

Up $59,730 (+28%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin34th percentile

Revenue

Up

$714,994

Up $161,141 (+29%) from 2018

Expenses

Up

$728,763

Up $171,670 (+31%) from 2018

Net Income

Down

-$13,769

Down $10,529 (-325%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth80th 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

2019

Assets$230,863
Liabilities$273,940
Net Assets-$43,077
Open 2019 Filing

Operations Trend

Revenue Growth78th 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

2019

Revenue$714,994
Expenses$728,763
Net Income-$13,769
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 26, 2020
Return Version
2019v5.1
Gross Receipts
$714,994
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$170,527$198,788▲ $28,261
Accounts Receivable$14,375$32,075▲ $17,700
Total Assets$184,902$230,863▲ $45,961
Liabilities
Deferred Revenue$198,569$262,575▲ $64,006
Accounts Payable and Accrued Expenses$15,641$11,365▼ $4,276
Total Liabilities$214,210$273,940▲ $59,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-29,308$-43,077▼ $13,769
Total Net Assets Fund Balance$-29,308$-43,077▼ $13,769
Total Liabilities and Net Assets / Fund Balance$184,902$230,863▲ $45,961
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tom RaineyExecutive DirectorFT$144,521$4,697$149,218

Board Members and Trustees

NameTitle
Tony PerkinsChair
Becky MckinnellDirector
Brian WhitneyDirector
Briana VolkDirector
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
$683,527
Program Service Revenue
$31,467
Investment Income
$0
Other Revenue
$0
All Other Contributions
$563,579
Change in Net Assets
$-13,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$367,456
Other Expenses$306,207
Grants and Similar Amounts Paid$55,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$123,489$37,659-$161,148
Current Officers, Directors, Trustees, and Key Employees$122,705$26,513-$149,218
Other Salaries and Wages$103,667$22,400-$126,067
Other Employee Benefits$51,315$11,088-$62,403
Grants to Domestic Orgs$55,100--$55,100
Occupancy-$35,100-$35,100
Payroll Taxes$21,560$4,659-$26,219
Travel$10,667$1,299-$11,966
Other Expenses$77,461$4,582-$4,582
Pension Plan Contributions$2,918$631-$3,549
Office Expenses-$3,342-$3,342
Insurance-$1,293-$1,293
Advertising$1,000--$1,000
Fees for Services Legal-$185-$185
Total Functional Expenses$569,882$158,881$0$728,763
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Neuright IncOrono, ME-Assist in Building Aspects of the Business to Facilitate Growth$25,000
Sticky SweetPortland, ME-Assist in Building Aspects of the Business to Facilitate Growth$25,000
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 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
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, executive director and treasurer review the 990 before filing. The draft 990 is also sent to board of directors 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 Enterprise Development
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
2020-06-26
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
5
Volunteers
100

Preparer

Firm
Wipfli Llp
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106-2437
Preparer
Cory Vargo CPA
Phone
2077745701
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services & contractors: program service expenses 123,489. Management and general expenses 37,659. Fundraising expenses 0. Total expenses 161,148.”

Raw XML AppendixShowing 400 of 461 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/BOYAmt015641
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011365
IRS990/AccountsReceivableGrp/BOYAmt014375
IRS990/AccountsReceivableGrp/EOYAmt032075
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0EMPOWERING & ENABLING ME'S NEXT GENERATION OF ENTREPRENEURS THROUGH TRAINING AND MENTORING.
IRS990/AdvertisingGrp/ProgramServicesAmt01000
IRS990/AdvertisingGrp/TotalAmt01000
IRS990/AllOtherContributionsAmt0563579
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0DRAKE BOOKKEEPING
IRS990/BooksInCareOfDetail/PhoneNum02078413480
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09 PICNIC HILL ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0FREEPORT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004032
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0170527
IRS990/CashNonInterestBearingGrp/EOYAmt0198788
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026513
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0122705
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0149218
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0683527
IRS990/CYGrantsAndSimilarPaidAmt055100
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0306207
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt031467
IRS990/CYRevenuesLessExpensesAmt0-13769
IRS990/CYSalariesCompEmpBnftPaidAmt0367456
IRS990/CYTotalExpensesAmt0728763
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0714994
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0198569
IRS990/DeferredRevenueGrp/EOYAmt0262575
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0MCE PROVIDES A BROAD ARRAY OF RELEVANT PROGRAMING, QUALITY MENTORSHIP, WORLD-CLASS TRAINING AND EXPERTISE TO ENCOURAGE SUSTAINABLE, MAINE-BASED ENTREPRENEURSHIP. WHETHER YOU'RE A FOUNDER LOOKING TO BE A PARTICIPANT IN THE TOP GUN PROGRAM, OR YOU SIMPLY ATTEND ONE OF OUR WORKSHOPS, YOUR ODDS OF SUCCESS WILL INCREASE.THE STATEWIDE TOP GUN PROGRAM HELPS STARTUP COMPANIES WITH TRAINING AND MENTORING IN ALL ASPECTS OF BUSINESS LAUNCH AND GROWTH AND ESPECIALLY SERVES MAINE'S RURAL AREAS. THE CULTIVATOR FOOD, BEVERAGE, AND AGRICULTURE SCALE-UP PROGRAM HELPS ESTABLISHED SMALL BUSINESSES IN THE SECTOR OVERCOME OBSTACLES TO GROWTH AND INCREASED REVENUE. THE MARKETSHARE ACCELL FOOD BEVERAGE & AG SALES ACCELERATOR PROGRAM HELPS MAINE FOOD AND BEVERAGE COMPANIES SELL THEIR PRODUCTS OUT OF STATE WITH PRECISION MARKETING.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0MAINE CENTER FOR ENTREPRENEURS
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0569882
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0185
IRS990/FeesForServicesLegalGrp/TotalAmt0185
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt037659
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0123489
IRS990/FeesForServicesOtherGrp/TotalAmt0161148
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/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
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/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/OtherCompensationAmt134697
IRS990/Form990PartVIISectionAGrp/PersonNm0TONY PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm1CORY VARGO
IRS990/Form990PartVIISectionAGrp/PersonNm2BOB MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAKE WARD
IRS990/Form990PartVIISectionAGrp/PersonNm4MIKE WING
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRIS SAUER
IRS990/Form990PartVIISectionAGrp/PersonNm6SAM FRATONI
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLIE EMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm8FLETCHER KITTREDGE
IRS990/Form990PartVIISectionAGrp/PersonNm9BECKY MCKINNELL
IRS990/Form990PartVIISectionAGrp/PersonNm10TODD KEILLER
IRS990/Form990PartVIISectionAGrp/PersonNm11BRIAN WHITNEY
IRS990/Form990PartVIISectionAGrp/PersonNm12BRIANA VOLK
IRS990/Form990PartVIISectionAGrp/PersonNm13TOM RAINEY
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/ReportableCompFromOrgAmt13144521
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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0119948
IRS990/GrantAmt055100
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt055100
IRS990/GrantsToDomesticOrgsGrp/TotalAmt055100
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0714994
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01293
IRS990/InsuranceGrp/TotalAmt01293
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CREATE HIGH QUALITY JOBS FOR MAINE THROUGH 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-29308
IRS990/NetAssetsOrFundBalancesEOYAmt0-43077
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-29308
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-43077
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt035100
IRS990/OccupancyGrp/TotalAmt035100
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03342
IRS990/OfficeExpensesGrp/TotalAmt03342
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011088
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt051315
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062403
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2PAYROLL PROCESSING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010130
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14582
IRS990/OtherExpensesGrp/ProgramServicesAmt077461
IRS990/OtherExpensesGrp/TotalAmt077461
IRS990/OtherExpensesGrp/TotalAmt110130
IRS990/OtherExpensesGrp/TotalAmt24582
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022400
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0103667
IRS990/OtherSalariesAndWagesGrp/TotalAmt0126067
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04659
IRS990/PayrollTaxesGrp/ProgramServicesAmt021560
IRS990/PayrollTaxesGrp/TotalAmt026219
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0631
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02918
IRS990/PensionPlanContributionsGrp/TotalAmt03549
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TOM RAINEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
IRS990/ProgramServiceRevenueGrp/Desc0CULTIVATOR PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1TOP GUN
IRS990/ProgramServiceRevenueGrp/Desc2MARKET SHARE ACCELL
IRS990/ProgramServiceRevenueGrp/Desc3LIFE SCIENCES SUMMIT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32007
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0520453
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0100
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0272805
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt033400
IRS990/PYRevenuesLessExpensesAmt0-3240
IRS990/PYSalariesCompEmpBnftPaidAmt0284188
IRS990/PYTotalExpensesAmt0557093
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0553853
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-13769
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt031467
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0683527
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0520453
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0260615
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0487455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0445285
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02397335
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt031467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt033400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06750
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt078649
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt054525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0204791
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02602126
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0714994
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0553853
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0267365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0566104
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0499810
IRS990ScheduleA/Total509Grp/TotalAmt02602126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0714994
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0553853
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0267365
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0566104
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0499810
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02602126
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
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST IN BUILDING ASPECTS OF THE BUSINESS TO FACILITATE GROWTH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ASSIST IN BUILDING ASPECTS OF THE BUSINESS TO FACILITATE GROWTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0STICKY SWEET
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NEURIGHT INC
IRS990ScheduleI/RecipientTable/RecipientEIN0814012552
IRS990ScheduleI/RecipientTable/RecipientEIN1832527540
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt011 CLEEVE ST APT 1
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt120 GODFREY DR SUITE 211
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ORONO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd104473
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MCE DOES NOT MONITOR THE USE OF THE PRIZE MONEY NOR DO WE REQUIRE ANY OF OUR AWARDEES TO REPORT ON HOW THEY SPEND THEIR PRIZE MONEY, SIMPLY A VERBAL ACKNOWLEDGEMENT FROM THEM, UPON RECEIPT OF THE PRIZE, THAT THE PRIZE MONEY WILL BE SPENT ON SOME ASPECT OF BUILDING THEIR BUSINESS IN MAINE. THIS SPEND COULD BE ANYTHING THAT HELPS MOVE THEIR COMPANY TO THE NEXT LEVEL - LAUNCHING A CROWDFUNDING CAMPAIGN, CONDUCTING MARKET RESEARCH OR NEW MACHINERY PURCHASES, ARE SOME EXAMPLES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATIONS MANAGER, EXECUTIVE DIRECTOR AND TREASURER REVIEW THE 990 BEFORE FILING. THE DRAFT 990 IS ALSO SENT TO BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL SERVICES & CONTRACTORS: PROGRAM SERVICE EXPENSES 123,489. MANAGEMENT AND GENERAL EXPENSES 37,659. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161,148.
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0184902
IRS990/TotalAssetsEOYAmt0230863
IRS990/TotalAssetsGrp/BOYAmt0184902
IRS990/TotalAssetsGrp/EOYAmt0230863
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0683527
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0158881
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0569882
IRS990/TotalFunctionalExpensesGrp/TotalAmt0728763
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0214210
IRS990/TotalLiabilitiesEOYAmt0273940
IRS990/TotalLiabilitiesGrp/BOYAmt0214210
IRS990/TotalLiabilitiesGrp/EOYAmt0273940
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-29308
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-43077
IRS990/TotalOtherCompensationAmt04697
IRS990/TotalProgramServiceExpensesAmt0569882

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$230,863
Liabilities
$273,940
Net assets
-$43,077
Revenue
$714,994
Expenses
$728,763
Net income
-$13,769
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
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