Maine Composites Alliance
- Assets
- $77.2k
- Revenue
- $95.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, ME
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 01-0523209
Organization Overview
Maine Composites Alliance is located in Portland, ME. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Maine Composites Alliance employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Composites Alliance 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 12/2021, Maine Composites Alliance generated $95.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $50.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE SCIENTIFIC RESEARCH AND DEVELOPMENT AND EDUCATIONAL ASPECTS OF COMPOSITES IN THE STATE OF MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLY CHAIN DEVELOPMENT RESEARCH AND REPORT WRITING
RESEARCH & DEVELOPMENT AND TESTING FOR COMPOSITE RESINS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Schoenberg Director | OfficerTrustee | 30 | $23,615 |
Stephen C Von Vogt Exec Dir/pres/sec/treas | OfficerTrustee | 10 | $0 |
Ken Priest Director | Trustee | 1 | $0 |
Maureen Hassett Director | Trustee | 1 | $0 |
David Erb Director | Trustee | 1 | $0 |
Jake Ward Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $33,568 |
| Investment income | $0 |
| 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 | $95,168 |
| 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. | $23,615 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,497 |
| Payroll taxes | $2,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,641 |
| Advertising and promotion | $0 |
| Office expenses | $2,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,257 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $582 |
| Insurance | $1,997 |
| All other expenses | $0 |
| Total functional expenses | $50,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,194 |
| 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 | $603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,232 |
| Accounts payable and accrued expenses | $29,207 |
| 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 | $29,207 |
| Net assets without donor restrictions | $48,025 |
| 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 | $77,232 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine Composites Alliance has recieved totaling $127,012.
| Awarding Organization | Amount |
|---|---|
Maine Technology Institute Brunswick, ME PURPOSE: Various R & D project funding | $127,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Mathematics And Science Alliance Augusta, ME | $1,278,654 | $3,049,879 |
North Country Education Services Agency Gorham, NH | $2,109,889 | $2,990,345 |
Ruths Reusable Resources Portland, ME | $1,235,595 | $2,258,704 |
Syntiro Readfield, ME | $266,317 | $2,097,035 |
National Digital Equity Center Wiscasset, ME | $314,757 | $1,729,700 |
Childrens Center Portland, ME | $970,507 | $1,509,773 |
Disabled Sports Usa Lincoln, NH | $2,082,997 | $1,017,942 |
Side X Side Inc Portland, ME | $95,985 | $709,064 |
White Pine Programs York, ME | $799,878 | $1,068,727 |
Believe In Books Literacy Foundation Intervale, NH | $2,762,067 | $849,892 |
New Hampshire Academy Of Science Warren, NH | $564,739 | $534,091 |
Mount Washington Valley Alpine Education Foundation Intervale, NH | $300,617 | $553,294 |