Civic Intelligence

Maine Technology Institute

990 • Fiscal year 2012 • EIN 01-0529871

Jul 01, 2011 to Jun 30, 2012 • Filed on Nov 14, 2012

Organization Profilewww.mainetechnology.org

View Organization Page

8 Venture Avenue Brunswick Landing04011
Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

74th percentile

9.6%

Faster asset growth than 74% of similar nonprofits.

2012 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$31,878,922

Up $2,787,075 (+9.6%) from 2011

Net Assets

Down

$1,061,974

Down $148,691 (-12%) from 2011

Liabilities

Up

$30,816,948

Up $2,935,766 (+11%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$20,393,176

Down $441,088 (-2.1%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$60M$40M$20M$0Assets 2011: $29,091,847Liabilities 2011: $27,881,182Net Assets 2011: $1,210,6652011Assets 2012: $31,878,922Liabilities 2012: $30,816,948Net Assets 2012: $1,061,9742012Assets 2013: $28,075,444Liabilities 2013: $27,182,104Net Assets 2013: $893,3402013Assets 2014: $30,551,338Liabilities 2014: $29,682,575Net Assets 2014: $868,7632014Assets 2015: $26,967,243Liabilities 2015: $26,088,387Net Assets 2015: $878,8562015Assets 2016: $32,380,827Liabilities 2016: $31,353,625Net Assets 2016: $1,027,2022016Assets 2017: $27,881,300Liabilities 2017: $26,779,681Net Assets 2017: $1,101,6192017Assets 2018: $49,772,164Liabilities 2018: $48,231,910Net Assets 2018: $1,540,2542018Assets 2019: $41,636,601Liabilities 2019: $39,736,122Net Assets 2019: $1,900,4792019Assets 2020: $38,580,369Liabilities 2020: $36,653,164Net Assets 2020: $1,927,2052020Assets 2021: $20,192,850Liabilities 2021: $18,051,404Net Assets 2021: $2,141,4462021Assets 2022: $19,619,742Liabilities 2022: $17,716,082Net Assets 2022: $1,903,6602022Assets 2023: $22,300,505Liabilities 2023: $19,737,043Net Assets 2023: $2,563,4622023Assets 2024: $29,202,613Liabilities 2024: $26,130,696Net Assets 2024: $3,071,9172024

Highlighted filing

2012

Assets$31,878,922
Liabilities$30,816,948
Net Assets$1,061,974
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $20,788,101Expenses 2011: $20,834,264Net Income 2011: -$46,1632011Expenses 2012: $20,393,1762012Revenue 2013: $7,529,370Expenses 2013: $7,698,004Net Income 2013: -$168,6342013Revenue 2014: $9,231,620Expenses 2014: $9,256,197Net Income 2014: -$24,5772014Revenue 2015: $12,622,634Expenses 2015: $12,612,541Net Income 2015: $10,0932015Revenue 2016: $12,144,702Expenses 2016: $11,996,356Net Income 2016: $148,3462016Revenue 2017: $10,800,497Expenses 2017: $10,726,080Net Income 2017: $74,4172017Revenue 2018: $13,968,255Expenses 2018: $13,529,620Net Income 2018: $438,6352018Revenue 2019: $35,533,893Expenses 2019: $35,173,668Net Income 2019: $360,2252019Revenue 2020: $27,495,350Expenses 2020: $27,468,624Net Income 2020: $26,7262020Revenue 2021: $10,752,801Expenses 2021: $10,538,560Net Income 2021: $214,2412021Revenue 2022: $14,853,693Expenses 2022: $15,091,479Net Income 2022: -$237,7862022Revenue 2023: $36,158,450Expenses 2023: $35,498,648Net Income 2023: $659,8022023Revenue 2024: $22,492,763Expenses 2024: $21,984,308Net Income 2024: $508,4552024

Highlighted filing

2012

Revenue-
Expenses$20,393,176
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Nov 14, 2012
Return Version
2011v1.2
Gross Receipts
$20,244,485
Mission and Program Overview

Mission

The Institute, through a public and private partnership, shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in Maine's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people. The Institute is one element of Maine's economic development strategy and will contribute to the long-term development of a statewide research, development and product deployment infrastructure.

Filing and Contact Details

Filer

EIN
01-0529871
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant1Award Review and Evaluation
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant2SBIR Program Assistance
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Schedule I, Part I, Line 2: Award contracts are comprehensive and outline in detail the funded activities, timeline and budget. The organization requires that grant projects proceed on a schedule of agreed milestones. Periodic written reports and documentation, both narrative and financial, are required in order to establish satisfactory completion of milestones before additional payments are released. Material modifications of project timing, substance or expenditures must be approved by staff or, if significant, by the Board of Directors. Frequent communication and occasional site visits are also part of the monitoring process.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Procedure for Monitoring Grants in the U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I, Line 2:
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1011 Sanborn Lane
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11417 Auburn Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1220 Godfrey Drive
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1393 Arizona Road Arch Hangar
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine14P O Box C
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1518 Riverfield Road
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine162 Main Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine17PO Box 475
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1855 Industrial Park Road
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine19397 Water Street Suite 100
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11046 Cushman Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11124 Cortland Road
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine112129 Middle St
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11325 Clearview Avenue
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11420 Godfrey Drive
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine115PO Box 1072
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine116148 Maine Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine117c/o Brian Beal
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11840 Harlow Street

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$31,878,922
Liabilities
$30,816,948
Net assets
$1,061,974
Revenue
-
Expenses
$20,393,176
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.2$26.1$3.07$22.5$22.0$0.51
2023Detailed filing. Detailed filing data is available for this year.$22.3$19.7$2.56$36.2$35.5$0.66
2022Detailed filing. Detailed filing data is available for this year.$19.6$17.7$1.90$14.9$15.1$0.24
2021Detailed filing. Detailed filing data is available for this year.$20.2$18.1$2.14$10.8$10.5$0.21
2020Detailed filing. Detailed filing data is available for this year.$38.6$36.7$1.93$27.5$27.5$0.03
2019Detailed filing. Detailed filing data is available for this year.$41.6$39.7$1.90$35.5$35.2$0.36
2018Detailed filing. Detailed filing data is available for this year.$49.8$48.2$1.54$14.0$13.5$0.44
2017Detailed filing. Detailed filing data is available for this year.$27.9$26.8$1.10$10.8$10.7$0.07
2016Detailed filing. Detailed filing data is available for this year.$32.4$31.4$1.03$12.1$12.0$0.15
2015Detailed filing. Detailed filing data is available for this year.$27.0$26.1$0.88$12.6$12.6$0.01
2014Detailed filing. Detailed filing data is available for this year.$30.6$29.7$0.87$9.23$9.26$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$27.2$0.89$7.53$7.70$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.9$30.8$1.06$20.4
2011Summary only. Only limited summary data is available for this year.$29.1$27.9$1.21$20.8$20.8$0.05