Maine Center For Economic Policy
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Augusta, ME
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 22-3317572
Organization Overview
Maine Center For Economic Policy is located in Augusta, ME. The organization was established in 1994. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Maine Center For Economic Policy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Center For Economic Policy 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 Center For Economic Policy generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 5.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MECEP ADVANCES POLICY SOLUTIONS THROUGH RESEARCH, ANALYSIS, EDUCATION AND OUTREACH, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH & EDUCATION - MECEP CONDUCTS RESEARCH, ANALYSIS, EDUCATION AND OUTREACH, AND ADVOCACY TO ADVANCE POLICY SOLUTIONS THAT ADVANCE THE ECONOMIC WELL-BEING OF LOW-INCOME MAINE WORKERS AND THEIR FAMILIES. IN 2021, MECEP HELPED EDUCATE POLICYMAKERS, CITIZENS AND MEDIA BY PRODUCING: 242 RESEARCH REPORTS, BLOG POSTS, AND FACT SHEETS; ISSUED 31 PRESS RELEASES AND OP-EDS; HAD OUR ANALYSES CITED IN 170 NEWS STORIES; MAINTAINED DAILY FACEBOOK AND TWITTER CONTENT; HOSTED A BIENNIAL POLICY CONFERENCE; RAN 3 DIGITAL EDUCATION CAMPAIGNS; PUBLISHED A MONTHLY NEWSLETTER; AND PRESENTED AT 12 PUBLIC EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Martin Executive Di | Officer | 38.78 | $99,528 |
Lee Webb Chair | OfficerTrustee | 2 | $0 |
Pamela Cox Treasurer | OfficerTrustee | 2 | $0 |
Barbara Burt Vice-Chair | OfficerTrustee | 2 | $0 |
Ben Chin Secretary | OfficerTrustee | 2 | $0 |
Sandra Butler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,103 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,633,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,639,690 |
| Total Program Service Revenue | $0 |
| Investment income | $1,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$57 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,641,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,000 |
| 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. | $134,869 |
| Compensation of current officers, directors, key employees. | $33,717 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $588,468 |
| Pension plan accruals and contributions | $30,556 |
| Other employee benefits | $110,176 |
| Payroll taxes | $58,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185 |
| Fees for services: Accounting | $14,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,297 |
| Advertising and promotion | $28,951 |
| Office expenses | $31,551 |
| Information technology | $15,018 |
| Royalties | $0 |
| Occupancy | $26,081 |
| Travel | $2,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,852 |
| Insurance | $2,312 |
| All other expenses | $0 |
| Total functional expenses | $1,163,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $1,508,340 |
| 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 | $17,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,893 |
| Total assets | $1,534,214 |
| Accounts payable and accrued expenses | $36,582 |
| 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 | $36,582 |
| Net assets without donor restrictions | $1,139,640 |
| Net assets with donor restrictions | $357,992 |
| 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 | $1,534,214 |
Grants Awarded
Over the last fiscal year, Maine Center For Economic Policy has awarded $49,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Augusta, ME PURPOSE: EDUCATION/ADVOCACY | $24,500 |
Augusta, ME PURPOSE: EDUCATION/ADVOCACY | $24,500 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Maine Center For Economic Policy has recieved totaling $1,190,760.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $160,000 |
Chestnut Fund Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $145,000 |
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $125,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: General Support | $100,000 |
Center On Budget And Policy Priorities Washington, DC PURPOSE: General Support | $100,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Arts And Sciences Cambridge, MA | $98,109,829 | $16,451,568 |
Human Services Research Institute Inc Cambridge, MA | $6,662,398 | $12,105,184 |
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
Central Massachusetts Agency On Aging Inc Worcester, MA | $2,752,139 | $4,874,436 |
Center For Higher Ambition Leadership Inc Lincoln, MA | $1,076,909 | $3,669,886 |
Harvard Law Review Association Cambridge, MA | $39,557,472 | $5,473,265 |
Brazelton Touchpoints Project Inc Boston, MA | $12,209,542 | $7,211,232 |
Political Research Associates Somerville, MA | $3,771,294 | $2,818,345 |