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To promote economic growth in the State of Maine.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3M
Program Spending
73%
of total expenses go to program services
Total Contributions
$1.7M
Total Expenses
▼$3M
Total Assets
$969.5K
Total Liabilities
▼$934.5K
Net Assets
$35K
Officer Compensation
→$119.8K
Other Salaries
$1.1M
Investment Income
$11.5K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $543.3K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
Ellsworth Historical Society | Ellsworth, ME | $192.1K | Cash | Economic Development |
Colonial Theater Inc27-2159587 | Augusta, ME | $160.2K | Cash | Economic Development |
Our Katahdin47-2382072 | Millinocket, ME | $41K | Cash | Economic Development |
Sunrise County Economic Council | Machias, ME | $32K | Cash | Economic Development |
60 Lowell Street LLC85-3968414 | Damariscotta, ME | $24.9K | Cash | Economic Development |
Town of Lincoln | Lincoln, ME | $20.5K | Cash | Economic Development |
Augusta Downtown Alliance45-3012131 | Augusta, ME | $10.1K | Cash | Economic Development |
Town of Houlton | Houlton, ME | $8,509 | Cash | Economic Development |
Main Street Bath | Bath, ME | $8,423 | Cash | Economic Development |
Porter Memorial Library94-2831125 | Machias, ME | $8,193 | Cash | Economic Development |
Heart of Biddeford34-2003673 | Biddeford, ME | $8,000 | Cash | Economic Development |
Discover Downtown Westbrook81-4641837 | Westbrook, ME | $8,000 | Cash | Economic Development |
Gardiner Main Street | Gardiner, ME | $8,000 | Cash | Economic Development |
Rockland Main Street Inc26-4729005 | Rockland, ME | $8,000 | Cash | Economic Development |
Our Town Belfast27-3453233 | Belfast, ME | $5,394 | Cash | Economic Development |
| Total | $543.3K | |||
Ellsworth Historical Society
Ellsworth, ME
$192.1K
Augusta, ME
$160.2K
Millinocket, ME
$41K
Sunrise County Economic Council
Machias, ME
$32K
Damariscotta, ME
$24.9K
Town of Lincoln
Lincoln, ME
$20.5K
Augusta, ME
$10.1K
Town of Houlton
Houlton, ME
$8,509
Main Street Bath
Bath, ME
$8,423
Machias, ME
$8,193
Biddeford, ME
$8,000
Westbrook, ME
$8,000
Gardiner Main Street
Gardiner, ME
$8,000
Rockland, ME
$8,000
Belfast, ME
$5,394
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$7.3M
Awards Found
11
Department of Health and Human Services
$1.6M
HEALTHY MAINE STREETS: TRANSFORMING DOWNTOWNS THROUGH WELLNESS FOR SMALL BUSINESS
Department of the Interior
$750K
15.904 HISTORIC PRESERVATION FUND GRANTS-IN-AIDHISTORIC PRESERVATION FUND GRANTS-IN-AID ASSIST IN THE IDENTIFICATION, EVALUATION, AND PROTECTION OF HISTORIC PROPERTIES BY SUCH MEANS AS EDUCATION, SURVEY, PLANNING, TECHNICAL ASSISTANCE, PRESERVATION, DOCUMENTATION, AND FINANCIAL INCENTIVES LIKE GRANTS AND TAX CREDITS AVAILABLE FOR HISTORIC PROPERTIES.OPPORTUNITY P24AS00548 - THE GOAL OF THE PAUL BRUHN HISTORIC REVITALIZATION GRANTS PROGRAM IS TO FUND SUBGRANT PROGRAMS THAT SUPPORT THE REHABILITATION OF HISTORIC PROPERTIES TO FOSTER ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. THESE SUBGRANT PROGRAMS, MANAGED BY STATES, TRIBES, CERTIFIED LOCAL GOVERNMENTS, AND NON-PROFITS WILL FUND PRESERVATION PROJECTS FOR HISTORIC SITES TO INCLUDE ARCHITECTURAL ENGINEERING SERVICES AND PHYSICAL PRESERVATION. BENEFICIARIES INCLUDE STATES, TRIBES, NONPROFIT ORGANIZATIONS, AND CLGS WHICH SUBGRANT TO BENEFICIARIES IN RURAL COMMUNITIES. PROPERTIES MUST BE LISTED IN OR DETERMINED ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES AND LOCATED IN AREAS DEFINED AS RURAL BY THE U.S. CENSUS (POPULATION LESS THAN 50,000).THIS PROJECT IS AWARDED TO MAINE DEVELOPMENT FOUNDATION. THIS SUBGRANT PROGRAM WILL SUPPORT HISTORIC PRESERVATION AND REVITALIZATION IN MAINE S HISTORIC DOWNTOWNS.
Department of the Interior
$750K
15.904 HISTORIC PRESERVATION FUND GRANTS-IN-AID HISTORIC PRESERVATION FUND GRANTS-IN-AID ASSIST IN THE IDENTIFICATION, EVALUATION, AND PROTECTION OF HISTORIC PROPERTIES BY SUCH MEANS AS EDUCATION, SURVEY, PLANNING, TECHNICAL ASSISTANCE, PRESERVATION, DOCUMENTATION, AND FINANCIAL INCENTIVES LIKE GRANTS AND TAX CREDITS AVAILABLE FOR HISTORIC PROPERTIES. OPPORTUNITY P23AS00515 THE GOAL OF THE PAUL BRUHN HISTORIC REVITALIZATION GRANTS PROGRAM IS TO FUND SUBGRANT PROGRAMS THAT SUPPORT THE REHABILITATION OF HISTORIC PROPERTIES TO FOSTER ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES. THESE SUBGRANT PROGRAMS, MANAGED BY STATES, TRIBES, CERTIFIED LOCAL GOVERNMENTS, AND NON-PROFITS WILL FUND PRESERVATION PROJECTS FOR HISTORIC SITES TO INCLUDE ARCHITECTURAL ENGINEERING SERVICES AND PHYSICAL PRESERVATION. BENEFICIARIES INCLUDE STATES, TRIBES, NONPROFITS, AND CLGS WHICH SUBGRANT TO BENEFICIARIES IN RURAL COMMUNITIES. PROPERTIES MUST BE LISTED IN OR DETERMINED ELIGIBLE FOR LISTING IN THE NATIONAL REGISTER OF HISTORIC PLACES AND LOCATED IN AREAS DEFINED AS RURAL BY THE U.S. CENSUS (POPULATION LESS THAN 50,000). THIS PROJECT IS AWARDED TO MAINE DEVELOPMENT FOUNDATION TO PROVIDE SUBGRANTS TO PROPERTY OWNERS IN ONE OF THE 23 RURAL MUNICIPALITIES.
Department of the Interior
$750K
2018 HPF HRSP - MAINE DEVELOPMENT FOUNDATION
Small Business Administration
$747K
FY22 CONGRESSIONAL COMMUNITY PROJECT FUNDING MAINE DEVELOPMENT FOUNDATION
Department of Labor
$535K
SEE NOTICE OF AWARD, ATTACHMENT 1 - TERMS AND CONDITIONS, ATTACHMENT D, STATEMENT OF WORK, ABSTRACT.
Department of Agriculture
$175.1K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
National Science Foundation
$87.5K
COLLABORATIVE RESEARCH: E-RISE RII: ENHANCING MAINE FOREST ECONOMY, SUSTAINABILITY, AND TECHNOLOGY ECOSYSTEM TO ACCELERATE INNOVATION -THIS COLLABORATIVE PROJECT, MAINE-FOREST, SUPPORTS INCUBATING RESEARCH THEMES, TEAMS, AND PRODUCTS IN A SCIENTIFIC TOPICAL AREA THAT LINKS TO RESEARCH PRIORITIES IDENTIFIED IN THE STATE?S APPROVED SCIENCE AND TECHNOLOGY (S&T) PLAN. MAINE-FOREST WILL DELIVER A DIVERSE, SUSTAINABLE, AND STATEWIDE RESEARCH, EDUCATION, AND INNOVATION INCUBATOR THAT BUILDS STRATEGIC RESEARCH AND DEVELOPMENT (R&D) CAPACITY. THIS WILL FUEL THE DRAMATIC GROWTH OF THE STATE?S FOREST-BASED ECONOMY AND THE RURAL COMMUNITIES IT SUPPORTS. FOUR INTERCONNECTED RESEARCH THEMES IN THE PROJECT REFLECT STRENGTHS AND OPPORTUNITIES WITHIN THE JURISDICTION THAT ALIGN WITH THE STATE?S SCIENCE AND TECHNOLOGY, CLIMATE ACTION, AND ECONOMIC DEVELOPMENT STRATEGIC PLANS. THE PROJECT ALSO WILL LEVERAGE PRIOR INVESTMENTS IN MAINE?S RESEARCH INFRASTRUCTURE, INCLUDING FEDERAL AWARDS AND PHILANTHROPIC GIFTS, AND RELATIONSHIPS WITH NATIONAL LABORATORIES AND INDUSTRY. NOVEL PARTICIPATORY AND INCLUSIVE APPROACHES WILL NURTURE COMMUNITY RESILIENCE AND STRENGTHEN THE CAPACITY OF DIVERSE GROUPS OF NATURAL RESOURCE-DEPENDENT RURAL AND INDIGENOUS COMMUNITIES TO RESPOND TO CURRENT AND FUTURE SOCIO-ECOLOGICAL THREATS AND OPPORTUNITIES. THIS NEW, PARTNERSHIP-BASED INFRASTRUCTURE WILL HELP TO CREATE A FAR MORE INCLUSIVE APPROACH TO PROMOTING SUSTAINABLE IMPROVEMENTS IN MAINE?S FOREST-BASED RESEARCH INFRASTRUCTURE, R&D CAPACITY, AND NATIONAL COMPETITIVENESS. INNOVATIVE APPROACHES TO STEM EDUCATION AND WORKFORCE DEVELOPMENT WILL REINFORCE THE RESEARCH THEMES IN THE PROJECT WHILE ALSO CONNECTING WITH PROJECT ACTIVITIES IN A COMPANION EPSCOR COLLABORATIONS FOR OPTIMIZING RESEARCH ECOSYSTEMS RII AWARD (OIA-2412130). MAINE-FOREST?S FOUR CONVERGENT INCUBATOR THEMES INCLUDE ENVIRONMENTAL AI & INFORMATICS, CELLULOSIC NANOFIBER (CNF) BIOPRODUCTS, RURAL & TRIBAL RESILIENCE, AND SMART RURAL DEVELOPMENT. STATEWIDE INCUBATOR TEAMS ASSOCIATED WITH EACH THEME AIM TO CLOSE KEY KNOWLEDGE GAPS. MAINE-FOREST WILL ADVANCE ONE'S ABILITY TO CHARACTERIZE AND UTILIZE CNF WITHIN AN ADVANCED MANUFACTURING CONTEXT. NEW AI/ML-DRIVEN TECHNOLOGIES WILL BE APPLIED TO ASSESS CORE ECOSYSTEM ATTRIBUTES ACROSS BROAD SPATIAL-TEMPORAL SCALES. INNOVATIVE, CULTURALLY INCLUSIVE APPROACHES WILL BE APPLIED TO PARTICIPATORY SYSTEMS DYNAMICS MODELING TO BETTER LEVERAGE STAKEHOLDER NETWORKS. RESEARCH ON THE PROGRAM?S COLLABORATIVE CULTURE AND PROCESSES, INCLUDING A COHORT-BASED APPROACH TO STUDENT ENGAGEMENT, WILL YIELD NEW INFORMATION REGARDING CONVERGENT SCIENCE. DELIVERABLES FROM MAINE-FOREST INCLUDE, IN ADDITION TO TYPICAL SCIENTIFIC OUTPUTS, INCREASED RESEARCH CAPACITY WITH SUPPORT FOR 20 EARLY-CAREER FACULTY, A NEW FOREST SECTOR BUSINESS DEVELOPMENT FACULTY POSITION, AND AN ACTIONABLE DASHBOARD OF METRICS RELATED TO FOREST, ECONOMY, AND WORKFORCE CAPACITY. MAINE-FOREST IS LED BY THE UNIVERSITY OF MAINE. PROJECT PARTNERS INCLUDE AN EMERGING RESEARCH INSTITUTION (THE UNIVERSITY OF SOUTHERN MAINE), TWO PUBLIC, PRIMARILY UNDERGRADUATE INSTITUTIONS, TWO PRIVATE COLLEGES (COLBY AND BATES), AND STRATEGIC NON-PROFITS ACROSS THE STATE (THE MAINE DEVELOPMENT FOUNDATION, MAINE MATHEMATICS AND SCIENCE ALLIANCE, MAINE TREE, THE RURAL ASPIRATIONS). MAINE-FOREST WILL DIRECTLY SUPPORT AT LEAST 45 FACULTY (45% EARLY-CAREER), 85 UNDERGRADUATE STUDENTS, 10 GRADUATE STUDENTS, AND 4 POSTDOCS. THE PROJECT WILL POTENTIALLY BENEFIT 200 K-12 EDUCATORS AND NEARLY 2,000 STUDENTS IN 15 SCHOOLS WILL DIRECTLY BENEFIT. TEN DIVERSE RURAL AND ECONOMICALLY DISTRESSED MAINE COMMUNITIES, AND A TRIBAL NATION, WILL ALSO BE DIRECTLY ENGAGED. THIS PROJECT IS FUNDED BY THE NSF EPSCOR RESEARCH INCUBATORS FOR STEM EXCELLENCE (E-RISE) RESEARCH INFRASTRUCTURE IMPROVEMENT PROGRAM. THE E-RISE RII PROGRAM SUPPORTS THE DEVELOPMENT AND IMPLEMENTATION OF SUSTAINABLE BROAD NETWORKS OF INDIVIDUALS, INSTITUTIONS, AND ORGANIZATIONS THAT WILL TRANSFORM THE SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) RESEARCH CAPACITY AND COMPETITIVENESS IN A JURISDICTION WITHIN A FIELD OF RESEARCH ALIGNED WITH THE JURISDICTION'S SCIENCE AND TECHNOLOGY PRIORITIES. THIS AWARD REFLECTS NSF'S STATUTORY MISSION AND HAS BEEN DEEMED WORTHY OF SUPPORT THROUGH EVALUATION USING THE FOUNDATION'S INTELLECTUAL MERIT AND BROADER IMPACTS REVIEW CRITERIA.- SUBAWARDS ARE NOT PLANNED FOR THIS AWARD.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
5
Clean Audits
4
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $1.6M | No | 2025-08-19 |
| 2023 | Minor Findings | Unmodified (Clean) | $1.7M | Yes | 2024-09-30 |
| 2022 | Clean | Unmodified (Clean) | $1.2M | Yes | 2023-08-17 |
| 2021 | Clean | Unmodified (Clean) | $1.1M | No | 2022-07-13 |
| 2020 | Clean | Unmodified (Clean) | $1M | No | 2021-07-12 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $3M | $1.7M | $3M | $969.5K | $35K |
| 2023IRS e-File | $3.2M | $1.9M | $3.4M | $1.2M | $70.8K |
| 2022 | $2.8M | $1.7M | $2.7M | $1.9M | $271.7K |
| 2021 | $2.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Yellow Light Breen | President & CEO | 40 | $171.5K | $0 | $32.1K | $203.6K |
| Catherine Wygant Fossett | Vice Chair | 1.5 | $0 | $0 | $0 | $0 |
| Linda Ball | Chair | 2 | $0 | $0 | $0 | $0 |
| Rick C Leonard | Treasurer | 2 | $0 | $0 | $0 | $0 |
Yellow Light Breen
President & CEO
$203.6K
Hrs/Wk
40
Compensation
$171.5K
Related Orgs
$0
Other
$32.1K
Catherine Wygant Fossett
Vice Chair
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Linda Ball
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Rick C Leonard
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Adam Shub | Director | 1 | $0 | $0 | $0 | $0 |
| Carlos Mello | Director | 1 | $0 | $0 | $0 | $0 |
| Dayton Benway | Director | 1 | $0 | $0 | $0 | $0 |
| Deborah Johnson | Director | 1 | $0 | $0 | $0 | $0 |
| Eric Soelberg | Director | 1 | $0 | $0 | $0 | $0 |
| Hannah Carter | Director | 1 |
Adam Shub
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Carlos Mello
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dayton Benway
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.9M |
| $2.8M |
| $970.8K |
| $208.1K |
| 2020 | $2.5M | $1.8M | $2.6M | $1.6M | $307.3K |
| 2019 | $1.8M | $943.9K | $1.8M | $713.2K | $391.6K |
| 2018 | $1.8M | $1.1M | $1.9M | $788.4K | $449.6K |
| 2017 | $1.7M | $1.1M | $1.4M | $696.5K | $514.4K |
| 2016 | $1.2M | $568.8K | $1.4M | $486.9K | $277.3K |
| 2015 | $1.1M | $619.8K | $1.2M | $597.7K | $411.5K |
| 2014 | $2M | $1.5M | $2M | $685K | $519.4K |
| 2013 | $2M | $1.5M | $2.1M | $896.5K | $541.2K |
| 2012 | $1.6M | $1.1M | $1.3M | $976.7K | $639.9K |
| 2011 | $1.5M | $1.2M | $1.5M | $700K | $331.4K |
PDF not yet published by IRSView Filing → |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Jenny Kordick | Director | 1 | $0 | $0 | $0 | $0 |
| Kendra Coates | Director | 1 | $0 | $0 | $0 | $0 |
| Lisa Sockabasin | Director | 1 | $0 | $0 | $0 | $0 |
| Lori Dwyer | Director | 1.5 | $0 | $0 | $0 | $0 |
| Michael Mckernan | Director | 1.5 | $0 | $0 | $0 | $0 |
| Nellie Albright | Director | 1 | $0 | $0 | $0 | $0 |
| Theresa Cody | Director | 1.5 | $0 | $0 | $0 | $0 |
| Trampas Hutches | Director | 1 | $0 | $0 | $0 | $0 |
Deborah Johnson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eric Soelberg
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hannah Carter
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jenny Kordick
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kendra Coates
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lisa Sockabasin
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lori Dwyer
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael Mckernan
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Nellie Albright
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Theresa Cody
Director
$0
Hrs/Wk
1.5
Compensation
$0
Related Orgs
$0
Other
$0
Trampas Hutches
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0