NonprofitsMainestream Finance

Community Improvement & Capacity Building

Mainestream Finance

BANGOR, ME

Total revenue

$615K

Total expenses

$507K

Net assets

$2.8M

Grants received

$634K

16 grants

EIN

010539222

Tax year

2023

Mission

To promote community development and perform all functions permitted as community development financial institution, primarily through financing activities, serving the low income targeted population of the state of maine.

Financials

FY 2023

Revenue

Contributions & grants$155K
Program service revenue$458K
Investment income
Other revenue$2K
Total revenue$615K

Expenses

Grants paid
Salaries & benefits$79K
Fundraising
Other expenses$428K
Total expenses$507K
Total assets$7.5M
Net assets$2.8M

People

10 listed

NameRoleCompensation

KAYLA DUNN

BOARD CHAIR

Board

1 hrs/wk

WILLIAM BENNETT

DIRECTOR

Board

1 hrs/wk

BRENT FOLSTER

DIRECTOR

Board

1 hrs/wk

HARVEY GOSSELIN III

DIRECTOR

Board

1 hrs/wk

DANIELLE HEWES

DIRECTOR

Board

1 hrs/wk

MELISSA HUSTON

DIRECTOR

Board

1 hrs/wk

SCOTT KILCOLLINS

DIRECTOR (TERMED FEB 2024)

Board

1 hrs/wk

KARA HAY

CHIEF EXECUTIVE OFFICER

Board

0.01 hrs/wk

DENICE CONARY

CHIEF FINANCIAL OFFICER

Board

0.01 hrs/wk

HEIDI LEBLANC

CHIEF OPERATING OFFICER

Board

0.01 hrs/wk

Grants received

Showing 16 of 16

FromAmountPurposeYear
$150K
OPERATING GRANT
2024
$5K
Program Support Grant
2024
$5K
Program Support Grant
2023
$20K
MAINE MICRO AND SMALL BUSINESS PROGRAM
2022
$5K
Program Support Grant
2022
$3K
Program Support Grant
2021
$10K
Program Support Grant
2020
$10K
SERVING MAINE MICRO AND SMALL BUSINESSES PROGRAM
2020
$6K
Small Business Development
2020
$118K
Forgiveness of Debt and pass-through grant
2019
$50K
SERVING MAINE'S SMALL BUSINESSES DURING COVID-19 PROGRAM
2019
$8K
Charitable Donation
2019
$50K
Forgiveness of Debt
2018
$10K
PROGRAM/OPERATING SUPPORT
2018
$5K
Program Support Grant
2018
$180K
Forgiveness of Debt
2017

Funded by

$634K from 7 funders · 16 grants · 2017–2024

Penquis CAP Inc

$348K · 3 grants · 2017–2019

Opportunity Finance Network

$150K · 1 grant · 2024

Td Charitable Foundation

$80K · 3 grants · 2019–2022

Machias Savings Bank Community

$33K · 6 grants · 2018–2024

Charities Aid Foundation America

$8K · 1 grant · 2019

Maine Community Foundation Inc

$6K · 1 grant · 2020

Details

EIN010539222
NTEE codeS43
Subsection03
Ruling date2001-03
Formed2000
Employees0
Volunteers14
MAINESTREAM FINANCE — Mission, Financials & Grants Received | Grantivo