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Provides funding to subrecipients in the State of Maine.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$36.2M
Total Contributions
$34.5M
Total Expenses
▼$35.5M
Total Assets
$22.3M
Total Liabilities
▼$19.7M
Net Assets
$2.6M
Officer Compensation
→$111.2K
Other Salaries
$740K
Investment Income
▼$392.7K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.2M
Awards Found
5
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Commerce | MARINE RESOURCES ROADMAP | $2M | — | — – — |
| Department of Commerce | PURPOSE: BRING TOGETHER PUBLIC, PRIVATE, AND ACADEMIC PARTNERS INTO COLLABORATIVE REGIONAL CONSORTIA (?TECH HUB?) FOCUSED ON GROWTH THAT BUILDS ON THEIR REGION?S ASSETS AND POTENTIAL. STRENGTHEN THE HUB REGION?S CAPACITY TO DELIVER CRITICAL TECHNOLOGIES AND TO ENSURE THEY ARE MANUFACTURED AND DELIVERED HERE IN THE UNITED STATES AS OUTLINED IN THE TECH HUB?S PHASE 2 IMPLEMENTATION PLAN. ACTIVITIES TO BE PERFORMED: --ENSURING CLEAR AND EFFECTIVE GOVERNANCE AND LEADERSHIP OF THE CONSORTIUM THROUGH THE APPOINTMENT OF A REGIONAL INNOVATION OFFICER --PURSUING ADDITIONAL FUNDING, ALTERNATIVE INVESTMENT, AND BENEFITS OF DESIGNATION THAT ADVANCE THE HUB?S PLAN TO COMMERCIALIZE TECHNOLOGIES CRITICAL TO NATIONAL SECURITY --PARTICIPATING IN THE EDA TECH HUBS COMMUNITY OF PRACTICE --ESTABLISHING DATA COLLECTION AND METRICS TRACKING SYSTEMS TO REPORT ON PERFORMANCE MEASURES AND PROGRAM OUTCOMES --EDUCATING PRIVATE INDUSTRY, LOCAL INSTITUTIONS, AND OTHER STAKEHOLDERS ABOUT REGIONAL ASSETS, WORKFORCE DEVELOPMENT NEEDS, AND OTHER OPPORTUNITIES TO DEVELOP GLOBALLY COMPETITIVE BUSINESSES WITHIN IN THEIR HUB?S SELECTED CRITICAL TECHNOLOGY AREA --MAINTAINING COHESION ACROSS THE CONSORTIA AS EDA AWAITS FURTHER TECH HUBS APPROPRIATIONS EXPECTED OUTCOMES: --FULFILLING INVESTMENT AND POLICY COMMITMENTS IDENTIFIED IN THE PHASE 2 APPLICATION --ATTRACTING NEW PARTNERS AND CAPITAL PROVIDERS COMMITTED TO SUSTAINING THE CONSORTIA?S MOMENTUM --DEVELOPMENT OF INDUSTRY-SUPPORTING INFRASTRUCTURE WITHIN THE REGION TO SUPPORT THE GROWTH AND MODERNIZATION OF U.S. MANUFACTURING AND IMPROVE COMMERCIALIZATION AND DOMESTIC PRODUCTION OF INNOVATIVE RESEARCH. SUBRECIPIENT ACTIVITIES: COORDINATE TECH HUB'S OVERALL DEVELOPMENT OF GLOBALLY COMPETITIVE REGIONAL INDUSTRY. EXECUTE DEVELOPMENT AND GOVERNANCE WORK UNDER DIRECTION OF REGIONAL INNOVATION OFFICER. | $500K | FY2024 | Sep 2024 – Sep 2026 |
| Department of Commerce | THE FOREST BIOPRODUCTS ADVANCED MANUFACTURING TECH HUB, LED BY THE MAINE TECHNOLOGY INSTITUTE, AIMS TO BECOME A GLOBAL LEADER IN FOREST-BASED BIOMATERIAL PRODUCTION AND MANUFACTURING BY INNOVATING THE PROCESS OF EXTRACTING BIOLOGICAL BUILDING BLOCKS TO MANUFACTURE NEW AND INNOVATIVE PRODUCTS. THE FOREST BIOPRODUCTS ADVANCED MANUFACTURING TECH HUB SEEKS TO ACCELERATE DEVELOPMENT AND DEPLOYMENT OF NATURAL POLYMERS AND PRODUCTS THAT CAN REPLACE TOXIC CHEMICALS WHILE BOLSTERING U.S. SUPPLY CHAIN RESILIENCE. | $494.3K | FY2024 | Nov 2023 – Sep 2025 |
| Small Business Administration | THE PURPOSE OF THE FAST PROGRAM IS TO STRENGTHEN THE TECHNOLOGICAL COMPETITIVENESS OF SMALL BUSINESS CONCERNS IN EVERY STATE. CONGRESS HAS FOUND THAT THERE IS MUCH VARIANCE WITHIN STATE TECHNOLOGY PROGRAMS THAT FOSTER ECONOMIC DEVELOPMENT AMONG SMALL HIGH-TECHNOLOGY FIRMS. THEREFORE, THIS PROGRAM INTENDS TO IMPROVE THE PARTICIPATION OF SMALL TECHNOLOGY FIRMS IN THE INNOVATION AND COMMERCIALIZATION OF NEW TECHNOLOGY; THEREBY ENSURING THAT THE UNITED STATES REMAINS ON THE CUTTING EDGE OF RESEARCH AND DEVELOPMENT IN THE HIGHLY COMPETITIVE ARENA OF SCIENCE AND TECHNOLOGY | $125K | FY2022 | Sep 2022 – Sep 2023 |
| Small Business Administration | FAST AWARD | $55.4K | FY2011 | Sep 2011 – Sep 2012 |
Department of Commerce
$2M
MARINE RESOURCES ROADMAP
Department of Commerce
$500K
PURPOSE: BRING TOGETHER PUBLIC, PRIVATE, AND ACADEMIC PARTNERS INTO COLLABORATIVE REGIONAL CONSORTIA (?TECH HUB?) FOCUSED ON GROWTH THAT BUILDS ON THEIR REGION?S ASSETS AND POTENTIAL. STRENGTHEN THE HUB REGION?S CAPACITY TO DELIVER CRITICAL TECHNOLOGIES AND TO ENSURE THEY ARE MANUFACTURED AND DELIVERED HERE IN THE UNITED STATES AS OUTLINED IN THE TECH HUB?S PHASE 2 IMPLEMENTATION PLAN. ACTIVITIES TO BE PERFORMED: --ENSURING CLEAR AND EFFECTIVE GOVERNANCE AND LEADERSHIP OF THE CONSORTIUM THROUGH THE APPOINTMENT OF A REGIONAL INNOVATION OFFICER --PURSUING ADDITIONAL FUNDING, ALTERNATIVE INVESTMENT, AND BENEFITS OF DESIGNATION THAT ADVANCE THE HUB?S PLAN TO COMMERCIALIZE TECHNOLOGIES CRITICAL TO NATIONAL SECURITY --PARTICIPATING IN THE EDA TECH HUBS COMMUNITY OF PRACTICE --ESTABLISHING DATA COLLECTION AND METRICS TRACKING SYSTEMS TO REPORT ON PERFORMANCE MEASURES AND PROGRAM OUTCOMES --EDUCATING PRIVATE INDUSTRY, LOCAL INSTITUTIONS, AND OTHER STAKEHOLDERS ABOUT REGIONAL ASSETS, WORKFORCE DEVELOPMENT NEEDS, AND OTHER OPPORTUNITIES TO DEVELOP GLOBALLY COMPETITIVE BUSINESSES WITHIN IN THEIR HUB?S SELECTED CRITICAL TECHNOLOGY AREA --MAINTAINING COHESION ACROSS THE CONSORTIA AS EDA AWAITS FURTHER TECH HUBS APPROPRIATIONS EXPECTED OUTCOMES: --FULFILLING INVESTMENT AND POLICY COMMITMENTS IDENTIFIED IN THE PHASE 2 APPLICATION --ATTRACTING NEW PARTNERS AND CAPITAL PROVIDERS COMMITTED TO SUSTAINING THE CONSORTIA?S MOMENTUM --DEVELOPMENT OF INDUSTRY-SUPPORTING INFRASTRUCTURE WITHIN THE REGION TO SUPPORT THE GROWTH AND MODERNIZATION OF U.S. MANUFACTURING AND IMPROVE COMMERCIALIZATION AND DOMESTIC PRODUCTION OF INNOVATIVE RESEARCH. SUBRECIPIENT ACTIVITIES: COORDINATE TECH HUB'S OVERALL DEVELOPMENT OF GLOBALLY COMPETITIVE REGIONAL INDUSTRY. EXECUTE DEVELOPMENT AND GOVERNANCE WORK UNDER DIRECTION OF REGIONAL INNOVATION OFFICER.
Department of Commerce
$494.3K
THE FOREST BIOPRODUCTS ADVANCED MANUFACTURING TECH HUB, LED BY THE MAINE TECHNOLOGY INSTITUTE, AIMS TO BECOME A GLOBAL LEADER IN FOREST-BASED BIOMATERIAL PRODUCTION AND MANUFACTURING BY INNOVATING THE PROCESS OF EXTRACTING BIOLOGICAL BUILDING BLOCKS TO MANUFACTURE NEW AND INNOVATIVE PRODUCTS. THE FOREST BIOPRODUCTS ADVANCED MANUFACTURING TECH HUB SEEKS TO ACCELERATE DEVELOPMENT AND DEPLOYMENT OF NATURAL POLYMERS AND PRODUCTS THAT CAN REPLACE TOXIC CHEMICALS WHILE BOLSTERING U.S. SUPPLY CHAIN RESILIENCE.
Small Business Administration
$125K
THE PURPOSE OF THE FAST PROGRAM IS TO STRENGTHEN THE TECHNOLOGICAL COMPETITIVENESS OF SMALL BUSINESS CONCERNS IN EVERY STATE. CONGRESS HAS FOUND THAT THERE IS MUCH VARIANCE WITHIN STATE TECHNOLOGY PROGRAMS THAT FOSTER ECONOMIC DEVELOPMENT AMONG SMALL HIGH-TECHNOLOGY FIRMS. THEREFORE, THIS PROGRAM INTENDS TO IMPROVE THE PARTICIPATION OF SMALL TECHNOLOGY FIRMS IN THE INNOVATION AND COMMERCIALIZATION OF NEW TECHNOLOGY; THEREBY ENSURING THAT THE UNITED STATES REMAINS ON THE CUTTING EDGE OF RESEARCH AND DEVELOPMENT IN THE HIGHLY COMPETITIVE ARENA OF SCIENCE AND TECHNOLOGY
Small Business Administration
$55.4K
FAST AWARD
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
4
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Minor Findings | Unmodified (Clean) | $18.2M | Yes | 2026-03-23 |
| 2024 | Minor Findings | Unmodified (Clean) | $9.6M | Yes | 2025-03-31 |
| 2023 | Clean | Unmodified (Clean) | $26.1M | No | 2023-10-23 |
| 2022 | Clean | Unmodified (Clean) | $6.1M | No | 2022-11-17 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$18.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$9.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$26.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.1M
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $36.2M | $34.5M | $35.5M | $22.3M | $2.6M |
| 2022 | $14.9M | $14.4M | $15.1M | $19.6M | $1.9M |
| 2021 | $10.8M | $9.8M | $10.5M | $20.2M | $2.1M |
| 2020 | $27.5M | $26.6M | $27.5M | $38.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| $1.9M |
| 2019 | $35.5M | $34.2M | $35.2M | $41.6M | $1.9M |
| 2018 | $14M | $12.8M | $13.5M | $49.8M | $1.5M |
| 2017 | $10.8M | $10.1M | $10.7M | $27.9M | $1.1M |
| 2016 | $12.1M | $11.5M | $12M | $32.4M | $1M |
| 2015 | $12.6M | $12.2M | $12.6M | $27M | $878.9K |
| 2014 | $9.2M | $8.7M | $9.3M | $30.6M | $868.8K |
| 2013 | $7.5M | $7.1M | $7.7M | $28.1M | $893.3K |
| 2012 | $20.2M | $20M | $20.4M | $31.9M | $1.1M |
| 2011 | $20.8M | $20.5M | $20.8M | $29.1M | $1.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 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 | — |
| 2003 | 990 | — |