Nonprofit · EIN 30-0036992
FOUNDATION FOR A STRONG MAINE ECONOMY
Tax-exempt (reinstated) · AUGUSTA, ME 04330
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,551,496 | $3,262,841 | $288,655 | $2,209,867 | $1,478,758 | $731,109 |
| December 31, 2023 | 990 | $3,241,469 | $3,480,305 | -$238,836 | $2,200,914 | $1,762,555 | $438,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,474,514
- of which government grants
- $531,383
- Program service revenue
- $0
- Investment income
- $76,982
- Net gain from sales of assets
- -$37,239
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,145,984
- Compensation of officers, directors and key employees
- $251,563
- Other salaries and wages
- $300,136
- Salaries, compensation and benefits (total)
- $668,535
- Professional fundraising fees
- $0
- Accounting fees
- $19,585
- Travel
- $19,321
- Program services (functional)
- $2,895,769
- Management and general (functional)
- $279,238
- Fundraising (functional)
- $87,834
Balance sheet and other
- Total assets, start of year
- $2,200,914
- Total assets, end of year
- $2,209,867
- Total liabilities, end of year
- $1,478,758
- Net assets, end of year
- $731,109
- Publicly traded securities
- $1,057,609
- Net assets without donor restrictions
- $457,330
- Net assets with donor restrictions
- $273,779
- Gross receipts
- $12,066,438
- Employees
- 6
- Volunteers
- 15
- Year formed
- 2002
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA MAKER | PRESIDENT, CO-CHAIR & CO-FOUNDER Trustee or director, Officer | 40 | $192,427 | $46,976 |
| LEO WATERSTON | PROGRAM DIRECTOR Highest-paid employee | 40 | $138,556 | $32,364 |
| MICHAEL BOURQUE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN FITZSIMMONS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AMANDA RECTOR BLAZEK | MEMBER Trustee or director | 1 | $0 | $0 |
| DANA CONNORS | MEMBER Trustee or director | 1 | $0 | $0 |
| JAY DEARBORN | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL DUBYAK | MEMBER Trustee or director | 1 | $0 | $0 |
| JOAN FERRINI-MUNDY | MEMBER Trustee or director | 1 | $0 | $0 |
| ED MCKERSIE | MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTEN MIALE | MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK WOODCOCK | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEO WATERSTON | PROGRAM DIRECTOR Highest-paid employee | 40 | $132,578 | $980 |
| ANDREA MAKER | PRESIDENT, CO-CHAIR & CO-FOUNDER Trustee or director, Officer | 40 | $130,000 | $0 |
| DANA O'BRIEN | PRESIDENT THRU 8/6/23 Officer | 40 | $115,609 | $5,954 |
| MICHAEL BOURQUE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOHN FITZSIMMONS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DANA CONNORS | MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL DUBYAK | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 125 COMMUNITY DRIVE, AUGUSTA, ME 04330-8156
- In care of
- % SCOTT SAMSON
- Principal officer (990 for 2024)
- ANDREA MAKER, 128 STATE STREET SUITE 101, AUGUSTA, ME 04330
- Signed the 990
- ANDREA MAKER, PRESIDENT
- Phone
- (207) 200-3813
- Website
- WWW.FOCUSMAINE.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
FOCUSMAINE PROPELS THE GROWTH OF MAINE'S MOST PROMISING INDUSTRIES AND TRANSFORMS MAINE INTO A HUB FOR TOP TALENT.
Program accomplishments
- FOCUSMAINE IS STRENGTHENING THE FABRIC OF MAINE'S ECONOMY BY ACCELERATING THE CREATION OF QUALITY JOBS AND INCREASING REVENUE IN GLOBALLY COMPETITIVE AND HIGH-GROWTH SECTORS, WHILE ALSO STRENGTHENING MAINE'S WORKFORCE CAPACITY.[CONTINUED ON SCHEDULE O]FOOD ECONOMY - FOCUSMAINE STRENGTHENS MAINE'S FOOD ECONOMY BY SUPPORTING LOCAL AND GLOBAL MARKET ACCESS. OUR PARTNER PROGRAMS OFFER COACHING, TECHNICAL ASSISTANCE, CAPITAL, AND MARKET OPPORTUNITIES, HELPING FOOD COMPANIES OVERCOME GROWTH BARRIERS. DATA SHOWS PROGRAM PARTICIPANTS GREW TWICE AS FAST AS MAINE'S FOOD COMPANIES OVERALL AND SIX TIMES FASTER THAN THE STATE'S INDUSTRIES AS A WHOLE.LIFE SCIENCES - IN 2024, THE ORGANIZATION SHIFTED ITS STRATEGY FROM ATTRACTING COMPANIES TO MAINE TO STRENGTHENING THE STATE'S LIFE SCIENCES ECOSYSTEM. A 12-MEMBER ADVISORY TEAM OF EXPERTS FROM ACADEMIA, RESEARCH, VENTURE, AND ENTREPRENEURSHIP WAS ASSEMBLED TO GUIDE EFFORTS FOCUSED ON INVESTMENT, INFRASTRUCTURE, STARTUP SUPPORT, POLICY SOLUTIONS AND PROMOTING MAINE AS A LIFE SCIENCES HUB, LAYING THE FOUNDATION FOR LONG-TERM INDUSTRY GROWTH.WORKFORCE DEVELOPMENT - FOCUSMAINE SUPPORTS WORKFORCE DEVELOPMENT ACROSS MAINE'S INDUSTRIES, INCLUDING AGRICULTURE AND AQUACULTURE. IN 2024, INTERNS AND TRAINEES PARTICIPATED IN SKILL-BUILDING, NETWORKING, AND SOCIAL ACTIVITIES, HELPING THEM ENHANCE CAREER READINESS, CONNECT WITH BUSINESS LEADERS AND PEERS STATEWIDE, AND ENVISION CAREERS IN MAINE.Expenses $2,895,769 · grants $2,145,984
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0036992
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,209,867
- Income (IRS master file)
- $12,066,438
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,551,496 | $3,262,841 | $2,209,867 | IRS |
| 990 | December 2023 | $3,241,469 | $3,480,305 | $2,200,914 | XML |
| 990 | December 2022 | $2,195,380 | $2,258,589 | $5,180,935 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0036992).
Questions about FOUNDATION FOR A STRONG MAINE ECONOMY
- What is the EIN of FOUNDATION FOR A STRONG MAINE ECONOMY?
- The employer identification number (EIN) of FOUNDATION FOR A STRONG MAINE ECONOMY is 30-0036992.
- Is FOUNDATION FOR A STRONG MAINE ECONOMY tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to FOUNDATION FOR A STRONG MAINE ECONOMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR A STRONG MAINE ECONOMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR A STRONG MAINE ECONOMY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR A STRONG MAINE ECONOMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR A STRONG MAINE ECONOMY?
- The 990 for the year ended December 31, 2024 names ANDREA MAKER.
- Who are the officers and directors of FOUNDATION FOR A STRONG MAINE ECONOMY?
- The 990 for the year ended December 31, 2024 lists 12 people; 2 received compensation from the organization, the highest $192,427 (ANDREA MAKER, PRESIDENT, CO-CHAIR & CO-FOUNDER).
- How much revenue does FOUNDATION FOR A STRONG MAINE ECONOMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,551,496, expenses of $3,262,841 and total assets of $2,209,867 at year end.
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All nonprofits in AUGUSTA · Maine · Community improvement and capacity building