Maine Angels
- Assets
- $72.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 45-3363431
Organization Overview
Maine Angels is located in Portland, ME. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Angels 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 12/2023, Maine Angels generated $56.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $74.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SINGLE PROGRAM IS TO CONNECT ENTREPRENEURS WITH ACCREDITED INVESTORS.THIS BENEFITS THE ECONOMIC DEVELOPMENT OF MAINE COMMUNITIES BY FACILITATING THECREATION OF NEW BUSINESSES AND THE EXPANSION OF EXISTING BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Thomas Chairperson | 4 | $0 | |
Mary Ellen Eagan Vice-Chairperson | 4 | $0 | |
David Mcclees Secretary | 4 | $0 | |
Eliza Ginn Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,100 |
| Membership dues | $51,350 |
| Investment income | $113 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,563 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,216 |
| Professional fees and other payments to independent contractors | $710 |
| Occupancy, rent, utilities, and maintenance | $85 |
| Printing, publications, postage, and shipping | $345 |
| Other expenses | $24,914 |
| Total expenses | $74,270 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,002 |
| Other assets | $0 |
| Total assets | $72,002 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,002 |