Maine Angels
- Assets
- $89.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 04/2019
- Data as of
- 12/2022
- 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 12/2022, Maine Angels generated $59.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $51.6k during the year ending 12/2022. While expenses have increased by 31.0% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Nodine Chairperson | 4 | $0 | |
Eliza Ginn Treasurer | 4 | $0 | |
Matt Ware Vice-Chairperson | 4 | $0 | |
Ayres Stockly Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,400 |
| Membership dues | $20,700 |
| Investment income | $38 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59,138 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,562 |
| Professional fees and other payments to independent contractors | $323 |
| Occupancy, rent, utilities, and maintenance | $252 |
| Printing, publications, postage, and shipping | $355 |
| Other expenses | $17,090 |
| Total expenses | $51,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,709 |
| Other assets | $0 |
| Total assets | $89,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine State Chamber Of Commerce Augusta, ME | $923,733 | $2,213,591 |
Dartmouth Regional Technology Center Inc Lebanon, NH | $5,511,627 | $2,160,751 |
New England Apple Council Inc Goffstown, NH | $795,628 | $1,773,754 |
Maine Oil Dealers Association Brunswick, ME | $1,645,866 | $1,757,717 |
University Of Maine Pulp And Paper Foundation Orono, ME | $31,514,138 | $1,541,694 |
Pope Memorial Spca Of Concord Merrimack County Concord, NH | $5,304,139 | $1,435,100 |
New Hampshire Bankers Association Concord, NH | $1,878,135 | $1,082,708 |
Associated Builders And Contractors Inc Concord, NH | $1,404,762 | $1,170,910 |
Maine Automobile Dealers Association Inc Augusta, ME | $2,325,139 | $1,081,224 |
Greater Manchester Chamber Of Commerce Manchester, NH | $764,279 | $1,070,211 |
Hampton Beach Area Chamber Of Commerce Hampton, NH | $686,290 | $1,006,773 |
Greater Concord Chamber Of Commerce Concord, NH | $655,907 | $665,660 |