Maine Initiatives Inc
- Assets
- $5.2m
- Revenue
- $2.6m
- Investments
- $145.0k
- Employees
- 9
- Location
- Portland, ME
- Founding
- 01/1994
- Data as of
- 09/2021
- EIN
- 01-0484310
Organization Overview
Maine Initiatives Inc is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (I20) the organization is classified as: Crime Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 09/2021, Maine Initiatives Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Initiatives Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Maine Initiatives Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $2.1m during the year ending 09/2021. While expenses have increased by 34.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Maine Initiatives Inc has awarded 147 individual grants totaling $3,419,054. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINE INITIATIVES, A FUND FOR CHANGE, CULTIVATES SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE THROUGH GRANTS AND OTHER SUPPORT TO GRASSROOTS ORGANIZATIONS IN MAINE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO MAINE-BASED ORGANIZATIONS PROMOTING SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE. PROVIDE TECHNICAL ASSISTANCE AND HIGH VISIBILITY FOR THESE ORGANIZATIONS AND THEIR WORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Walsh Executive Di | Officer | 40 | $113,661 |
Carla Hunt President | OfficerTrustee | 1.15 | $0 |
Lauress Lawrence Vice Preside | OfficerTrustee | 1.15 | $0 |
Ellen Seidman Treasurer | OfficerTrustee | 1.15 | $0 |
Greg Sample Secretary | OfficerTrustee | 1.15 | $0 |
Jennifer Ceide Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,548,822 |
| Noncash contributions included in lines 1a–1f | $21,817 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,558,422 |
| Total Program Service Revenue | $0 |
| Investment income | $42,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,603,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,174,512 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,071 |
| Compensation of current officers, directors, key employees. | $35,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $501,854 |
| Pension plan accruals and contributions | $5,412 |
| Other employee benefits | $32,543 |
| Payroll taxes | $51,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,518 |
| Fees for services: Accounting | $19,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,540 |
| Advertising and promotion | $2,353 |
| Office expenses | $45,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,375 |
| Travel | $3,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,584 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $852 |
| Insurance | $2,636 |
| All other expenses | $358 |
| Total functional expenses | $2,105,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,219 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,831 |
| Accounts receivable, net | $6,812 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,595 |
| Net Land, buildings, and equipment | $3,054 |
| Investments—publicly traded securities | $4,250,921 |
| Investments—other securities | $145,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,760 |
| Total assets | $5,223,192 |
| Accounts payable and accrued expenses | $88,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,878 |
| Net assets without donor restrictions | $1,462,077 |
| Net assets with donor restrictions | $3,672,237 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,223,192 |
Grants Awarded
Over the last fiscal year, Maine Initiatives Inc has awarded $1,063,949 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME PURPOSE: SOLIDARITY FUND | $216,200 |
Augusta, ME PURPOSE: GRANTS FOR CHANGE | $216,023 |
Milbridge, ME PURPOSE: IMMIGRANT LEAD ORG. | $66,601 |
Indian Island, ME PURPOSE: GRANTS FOR CHANGE | $40,000 |
CITY OF PORTLANDMINORITY PUBLIC HEALTH PROGRAM PURPOSE: PROGRAM ACTIVITIES | $38,800 |
Portland, ME PURPOSE: GRANTS FOR CHANGE | $36,500 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Maine Initiatives Inc has recieved totaling $1,760,598.
| Awarding Organization | Amount |
|---|---|
Maine Health Access Foundation Inc Augusta, ME PURPOSE: IMMIGRANT AND REFUGEE PROGRAMS; HEALTH NEEDS ASSESSMENT | $370,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $266,350 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $207,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $128,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: COVID-19 Related Assistance, Equity | $125,250 |
F B Heron Foundation New Milford, CT PURPOSE: GENERAL SUPPORT | $100,000 |
Endowment Analysis
| Beg. Balance | $3,040,914 |
| Earnings | $509,941 |
| Other Expense | $125,179 |
| Ending Balance | $3,425,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Initiatives Inc Portland, ME | $5,223,192 | $2,603,313 |
Institute For Humane Education Surry, ME | $1,050,969 | $798,946 |
Gardner Commons Development Corporation Bangor, ME | $2,927,063 | $254,145 |
Central New Hampshire Special Operations Unit Pembroke, NH | $88,967 | $0 |
Concord Regional Crimeline Inc Concord, NH | $69,195 | $0 |
Rimmon Heights Manchester, NH | $2,919 | $4,609 |
World Association Of Security Professionals Inc Sabattus, ME | $2,244 | $673 |