Maine & Company
- Assets
- $464.1k
- Revenue
- $628.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Portland, ME
- Founding
- 09/1996
- Data as of
- 06/2022
- EIN
- 01-0504259
Organization Overview
Maine & Company is located in Portland, ME. The organization was established in 1996. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Maine & Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine & Company is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Maine & Company generated $628.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $600.1k during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT IN MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE MAINE'S SUCCESS IN ATTRACTING NEW BUSINESS AND EXPANDING BUSINESS BY PROVIDING A STATEWIDE SALES EFFORT DONE IN COLLABORATION WITH PUBLIC AND PRIVATE PARTNERS IN ECONOMIC DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Delgreco President & CEO | Officer | 40 | $154,361 |
Peter Vigue Vice Chair | OfficerTrustee | 2 | $0 |
Guy Langevin Chair | OfficerTrustee | 2 | $0 |
Raymond Kelley Treasurer | OfficerTrustee | 2 | $0 |
Tony Perkins Board Member | Trustee | 1 | $0 |
Lawrence Wold Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $515,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,350 |
| Total Program Service Revenue | $0 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,805 |
| 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 | $628,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $154,361 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,643 |
| Payroll taxes | $28,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,573 |
| Fees for services: Accounting | $7,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,260 |
| Advertising and promotion | $13,714 |
| Office expenses | $3,953 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $26,980 |
| Travel | $9,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,054 |
| Insurance | $1,857 |
| All other expenses | $1,776 |
| Total functional expenses | $600,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,816 |
| Savings and temporary cash investments | $393,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $464,139 |
| Accounts payable and accrued expenses | $2,769 |
| 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 | $2,769 |
| Net assets without donor restrictions | $461,370 |
| Net assets with donor restrictions | $0 |
| 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 | $464,139 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine & Company has recieved totaling $100,116.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE AQUACULTURE PROGRAMS | | $100,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Portland Ovations Portland, ME | $2,819,277 | $2,954,618 |
Winnipesaukee Playhouse Meredith, NH | $4,588,374 | $1,260,967 |
Opera House Arts Stonington, ME | $2,484,317 | $996,461 |
M&j Company Bangor, ME | $6,064,291 | $883,861 |
Maine & Company Portland, ME | $464,139 | $628,199 |
Palaver Strings Incorporated Portland, ME | $70,592 | $548,970 |
Speak About It Portland, ME | $16,113 | $268,457 |
One Longfellow Square Inc Portland, ME | $589,311 | $748,592 |
City Theater Associates Inc 205 Main St Biddeford, ME | $352,461 | $316,671 |
Classical Uprising Brunswick, ME | $24,521 | $0 |
M & D Productions North Conway, NH | $58,960 | $80,615 |
Revels North Inc Lebanon, NH | $55,050 | $69,595 |