EIN 01-0510641

Maine Center for Entrepreneurs

IRS 501(c) type
501(c)(3)
Num. employees
4
State
Year formed
1997
Most recent tax filings
2021-12-01
Description
To create high quality jobs for Maine through best practice incubation services that systematically assist new businesses with intellectual property and business plan needs, r&d acitvities, early stage financing and product commericialization. Empowering & enabling me's next generation of Entrepreneurs through training and mentoring.
Total revenues
$1,053,182
2021
Total expenses
$952,952
2021
Total assets
$380,716
2021
Num. employees
4
2021

Program areas at Maine Center for Entrepreneurs

As mce approached its 25th year of providing entrepreneurship training and small business Development as one of Maine's state funded incubators, several new initiatives were added to our existing menu of programs in 2021. Over the years mce has developed what we call a "continuum of care" model that supports companies at different stages of their Development from startup to scale up. Our signature programs include our top gun entrepreneurial training bootcamp; mce's food industry programs cultivator and marketshare that accelerate the growth of Maine food businesses, and our federally funded bioscience cluster programs supporting early-stage life science businesses. In 2021 mce added additional contractor support to engage and recruit more seafood and aquaculture businesses and developed plans for a new pilot compass program to support companies involved in the outdoor recreation industry. We also continued a pilot called the visionary leadership program which provides training to emerging business leaders. Despite a global pandemic, mce was able to fill these programs to capacity with cohorts of Entrepreneurs who participated primarily virtually via zoom and in person when public health conditions allowed.

Who funds Maine Center for Entrepreneurs

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Foundation for A Strong Maine EconomyAward To Achieve Accelerated Growth and Investment in Maine Agriculture Programs$563,980
Maine Technology Institute (MTI)Forestry Recovery Initiative$100,000
Maine Aquaculture Innovation CenterTo Support Management of Maine's Business Incubators Program$59,612
...and 2 more grants received

Personnel at Maine Center for Entrepreneurs

NameTitleCompensation
Tom RaineyExecutive Director$141,592
Janine Bisaillon-CaryMarketshare Program Manager
Tony PerkinsChair$0
Dr. Susan MacKayBoard Member$0
Becky McKinnellPresident$0
...and 7 more key personnel

Financials for Maine Center for Entrepreneurs

RevenuesFYE 12/2021
Total grants, contributions, etc.$1,015,232
Program services$37,950
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,053,182

Form 990s for Maine Center for Entrepreneurs

Fiscal year endingDate received by IRSFormPDF link
2021-122023-01-18990View PDF
2020-122021-11-15990View PDF
2019-122020-08-14990View PDF
2018-122019-06-19990View PDF
2017-122018-06-14990View PDF
...and 7 more Form 990s

Organizations like Maine Center for Entrepreneurs

OrganizationLocationRevenue
Alaska Village InitiativesAnchorage, AK$539,424
Alchemist CDCSacramento, CA$828,485
Social Enterprise GreenhouseProvidence, RI$3,360,783
Grow NebraskaKearney, NE$888,059
Ohio Minority Supplier Development Council (OMSDC)Columbus, OH$1,151,155
Arkansas Venture CenterLittle Rock, AR$2,111,036
Hispanic Business Initiative Fund of FloridaOrlando, FL$3,822,531
Capital Network of New EnglandBoston, MA$357,093
Blue Sky Sustainable Living CenterNew Cuyama, CA$320,274
NCW EddWenatchee, WA$371,017
Data update history
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Updated personnel
Identified 3 new personnel
June 13, 2023
Used new vendors
Identified 2 new vendors, including , and
May 7, 2023
Received grants
Identified 1 new grant, including a grant for $563,980 from Foundation for A Strong Maine Economy
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Human servicesHousingBusiness and industry
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
Address
PO Box 8628
Portland, ME 04104
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
mced.biz/ 
Phone
(207) 774-8111
IRS details
EIN
01-0510641
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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