EIN 01-0355563

Maine Development Foundation

IRS 501(c) type
501(c)(3)
Num. employees
19
City
Hallowell
State
Year formed
1978
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Maine Development Foundation has a mission to foster sustainable, long-term economic growth for Maine by promoting new ideas, developing leaders, and providing common ground for solving problems. Its Leadership Maine program is designed for leaders from all sectors to expand their capacity in shaping the state's future. The Forest Economy Project strengthens and diversifies Maine's forest industry and rural economies, supported initially by a 3-year fee. The foundation is located in Hallowell, ME.
Total revenues
$2,803,285
2022
Total expenses
$2,739,656
2022
Total assets
$1,919,051
2022
Num. employees
19
2022

Program areas at Maine Development Foundation

Maine Downtown Center works to help downtowns with their revitalization efforts and fosters downtown development that is dynamic and community-based, and results in economic development, business growth, job creation, housing revitalization, historic preservation, and cultural enhancement.
The Forest Economy Project was launched in summer 2016 to support industry, community, and research leaders to develop and implement recommendations to strengthen and diversify Maine's forest industry and rural economies, supported initially by a 3-year federal Economic Development Administration grant to assist with supporting, coordinating, and reporting on Maine's forest economy recovery and revitalization effort.
Leadership Maine is a powerful, nine-month, outward journey that takes a leader beyond their day-to-day experience and expands their capacity to shape our state's future. The Leadership Maine curriculum is designed for leaders from all sectors. Each Leadership Maine class is given real-life challenges to address. Participants work in teams to address the assigned issue, connect with key stakeholders, organizations and groups, and develop a solution-oriented path with the goal of improving the economy.

Grants made by Maine Development Foundation

GranteeGrant descriptionAmount
Eastport Public LibraryPeavey Memorial Library$64,616
Norway Maine Opera House CorpEconomic Development$49,620
Chocolate Church Arts CenterEconomic Development$42,038
...and 2 more grants made

Who funds Maine Development Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Elmina B Sewall FoundationGeneral Operating Support$245,000
Avangrid FoundationTraining, Research & Higher Education$100,000
Maine Community FoundationEconomic Development$56,607
...and 6 more grants received

Personnel at Maine Development Foundation

NameTitleCompensation
Yellow BreenPresident and Chief Executive Officer$171,862
Laurie BowieDirector of Finance and Administration
Kathy Shannon NicholsDirector of Engagement and Communications
Erica WatsonProgram Director, Workforce and Education
Robert O'BrienProgram Director, Forest Economy Communities
...and 15 more key personnel

Financials for Maine Development Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,669,512
Program services$1,129,120
Investment income and dividends$4,653
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$2,803,285

Form 990s for Maine Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-18990View PDF
2021-122022-10-03990View PDF
2020-122021-09-23990View PDF
2019-122020-09-15990View PDF
2018-122019-06-19990View PDF
...and 8 more Form 990s
Data update history
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $245,000 from Elmina B Sewall Foundation
October 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 26, 2023
Updated personnel
Identified 4 new personnel
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 23, 2023
Received grants
Identified 8 new grant, including a grant for $150,000 from Maine Community Foundation
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
Address
2 Beech St Suite 203
Hallowell, ME 04347
County
Kennebec County, ME
Website URL
mdf.org/ 
Phone
(207) 622-6345
IRS details
EIN
01-0355563
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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