NonprofitsMaine Development Foundation

Community Improvement & Capacity Building

Maine Development Foundation

AUGUSTA, ME

Total revenue

$3.0M

Total expenses

$3.0M

Net assets

$35K

Grants received

$1.9M

47 grants

EIN

010355563

Tax year

2024

Mission

To promote economic growth in the State of Maine.

Programs

2 programs

Leadership Programs consist of 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 curriculum is designed for leaders from all sectors. Each Leadership 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.

Expenses: $409KGrants: $6K

The 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.

Expenses: $459KGrants: $94K

Financials

FY 2024

Revenue

Contributions & grants$1.7M
Program service revenue$1.2M
Investment income$12K
Other revenue
Total revenue$3.0M

Expenses

Grants paid$557K
Salaries & benefits$1.6M
Fundraising$106K
Other expenses$853K
Total expenses$3.0M
Total assets$970K
Net assets$35K

People

18 listed

NameRoleCompensation

Yellow Light Breen

President & CEO

Board

$171K

40 hrs/wk

Carlos Mello

Director

Board

1 hrs/wk

Catherine Wygant Fossett

Vice Chair

Board

1.5 hrs/wk

Dayton Benway

Director

Board

1 hrs/wk

Deborah Johnson

Director

Board

1 hrs/wk

Eric Soelberg

Director

Board

1 hrs/wk

Hannah Carter

Director

Board

1 hrs/wk

Kendra Coates

Director

Board

1 hrs/wk

Linda Ball

Chair

Board

2 hrs/wk

Adam Shub

Director

Board

1 hrs/wk

Lori Dwyer

Director

Board

1.5 hrs/wk

Michael McKernan

Director

Board

1.5 hrs/wk

Rick C Leonard

Treasurer

Board

2 hrs/wk

Theresa Cody

Director

Board

1.5 hrs/wk

Trampas Hutches

Director

Board

1 hrs/wk

Nellie Albright

Director

Board

1 hrs/wk

Jenny Kordick

Director

Board

1 hrs/wk

Lisa Sockabasin

Director

Board

1 hrs/wk

Grants received

Showing 47 of 47

FromAmountPurposeYear
$185K
General Operating Support
2024
$77K
ED/WF DEVELOPMENT
2024
$50K
TRAINING, RESEARCH & HIGHER EDUCATION
2024
$20K
Economic Development
2024
$170K
General Operating Support
2023
$48K
Forest economy applications
2023
$35K
Economic Development
2023
$25K
CONSERVATION ACTIVITIES
2023
$25K
TRAINING, RESEARCH & HIGHER EDUCATION
2023
$16K
ED/WF DEVELOPMENT
2023
$7K
For grant recipient's exempt purposes
2023
$3K
Program Support Grant
2023
$2K
Centering Health and Prosperity in Maines Economy
2023
$2K
DOWNTOWN CENTER
2023
$2K
To sponsor the Maine Alliance for Health and Prosperity conference
2023
$1K
General Operating Support
2023
$245K
General Operating Support
2022
$100K
TRAINING, RESEARCH & HIGHER EDUCATION
2022
$57K
Economic Development
2022
$40K
General Support
2022
$30K
Support for Community Coordinator Position for Gazetteer Action Plan
2022
$25K
CONSERVATION ACTIVITIES
2022
$20K
To support the Policy Leaders Academy, a non-partisan educational program for Maine Legislators
2022
$10K
Policy Leaders Academy
2022
$9K
GENERAL SUPPORT
2022
$50K
TRAINING, RESEARCH & HIGHER EDUCATION
2021
$40K
General Support
2021
$30K
Community Coordinator Position for Gazetteer Action Plan
2021
$11K
CONSERVATION ACTIVITIES
2021
$5K
General Support
2021
$350
Speaker honorarium
2021
$170K
Economic Development
2020
$80K
$50,000 Katahdin Collaborative; $30,000 general support
2020
$50K
TRAINING, RESEARCH & HIGHER EDUCATION
2020
$40K
General Operating
2020
$30K
Community Coordinator Position for Gazetteer Action Plan
2020
$20K
CONSERVATION ACTIVITIES
2020
$20K
CONSERVATION ACTIVITIES
2020
$20K
General Purpose
2020
$10K
Policy Leaders Academy program, which provides information to ME legislators about the ME economy
2020
$9K
COVID RELIEF
2020
$500
General Operating Support
2020
$55K
CONSERVATION ACTIVITIES
2019
$10K
BILL KING IMAGINE CAMPAIGN
2018
$8K
MAINESPARK COALITION
2018
$1K
NEXT STEP MAINE
2018

Funded by

$1.9M from 21 funders · 47 grants · 2018–2024

Elmina B Sewall Foundation

$680K · 4 grants · 2020–2024

Maine Community Foundation Inc

$282K · 4 grants · 2020–2024

Avangrid Foundation Inc

$275K · 5 grants · 2020–2024

The Nature Conservancy

$156K · 6 grants · 2019–2023

The Fb Heron Foundation

$120K · 3 grants · 2020–2022

Business Education Partnership

$93K · 2 grants · 2023–2024

Leonard C & Mildred F Ferguson Foundation

$90K · 3 grants · 2020–2022

Northern Forest Center Inc

$48K · 1 grant · 2023

Details

EIN010355563
NTEE codeS30Z
Subsection03
Ruling date1978-08
Formed1978
Employees16
Volunteers150
MAINE DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo