Cause IQ organization profile

Maine Technology Institute (MTI)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

MTI is a urban development organization based in Brunswick, ME that was founded in 1999. As of 2018 they had $13 million in revenue and $49 million in assets.

The Maine Technology Institute offers early-stage capital and commercialization assistance in the form of competitive grants, loans and equity investment for the research, development and application of technologies.

(207) 582-4790
Fiscal year end:
Revenue trends:
Asset trends:

Program areas at MTI

The Maine Technology Institute (MTI) invests in promising technologies by funding research and development projects in the state's seven technology sectors. MTI's competitive awards bring new products, services and processes to the market, generating high-quality jobs across Maine. Businesses, non-profit organizations, academic institutions and entrepreneurs are eligible for funding under MTI's programs, which are outlined below:- TechStart Grant Program - grants up to $5,000 to support technology-based innovation, business plan development, intellectual property filings, market analysis and activities related to planning and submission of Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants.- Seed Grant Program - grants up to $25,000 to fund small, early-stage research and development projects and development activities leading to commercialization.- Development Loan Program - awards ranging from $30,000 to $500,000 to fund new and/or enhanced technologies or tech transfer leading to market sales. If a product is successfully commercialized, the award ...

Form 990s for MTI

Fiscal year endingDate received by IRSFormPDF link
2018-06Dec 27, 2019990View PDF
2017-06Mar 14, 2018990View PDF
2016-06Jul 11, 2017990View PDF
2015-06Feb 25, 2016990View PDF
2014-06Mar 10, 2015990View PDF
...and four more Form 990 PDFs

Financials for MTI

Total grants, contributions, etc.$12,809,932
Program services$107,057
Investment income and dividends$599,795
Tax-exempt bond proceeds$0
Royalty revenue$112,846
Net rental income$0
Net gain from sale of non-inventory assets$338,625
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$13,968,255

Vendors for MTI

VendorServicesAmount paidDate
WordPressContent management system software2019-09-07
█████████ ████████Software2019-09-07
█████ ████ ██████ ███ ██████ ███Tax accounting2018-01-18
███ ██████████ ███Consulting Services$118,4712016-06-01
███ ██████████ ████████ ███Consulting Services$103,5502016-06-01

Personnel at MTI

NameTitleCompensationMost recent data
Brian WhitneyPresident$0Aug. 5, 2019
Greg LeeDirector of Finance and Administration-Aug. 5, 2019
██████ ██████████Director of Business Development-Aug. 5, 2019
█████ ██████Portfolio Manager-July 25, 2019
█████ ██████Web Communications Manager-Aug. 5, 2019
███████ ██████Treasurer$0June 30, 2017
█████ █████Vice Chairman$0June 30, 2017
█████████ █████████Chairman$0June 30, 2017
████ ████Secretary$0June 30, 2017
███████ █ ███Director of Finance and Administration$0June 30, 2017
...and six more key personnel

Peer urban development organizations

1Ui Labs501(c)(3)$21 millionChicago, IL
2East Baltimore Development (EBDI)501(c)(3)$13 millionBaltimore, MD
3Missouri Technology Corporation (MTC)501(c)(3)$10 millionJefferson City, MO
4Volunteers for Economic Growth Alliance501(c)(3)$18 millionWashington, DC
5Midtown Detroit501(c)(3)$5.1 millionDetroit, MI
6Milwaukee Downtown501(c)(3)$6.3 millionMilwaukee, WI
7United States Naval Sea Cadet Corps (USNSCC)501(c)(3)$7.2 millionArlington, VA
8Maine Coalition To End Domestic Violence501(c)(3)$8.5 millionAugusta, ME
9Maine Coalition Against Sexual Assault501(c)(3)$5.0 millionAugusta, ME
10Atlantic Salmon Federation (ASF)501(c)(3)$4.9 millionCalais, ME
11Schuylkill River Development Corporation (SRDC)501(c)(3)$4.6 millionPhiladelphia, PA
12SF City Impact501(c)(3)$7.9 millionSan Francisco, CA
13Monadnock Economic Development Corporation501(c)(3)$3.7 millionKeene, NH
14Buffalo Urban Development Corporation501(c)(3)$27 millionBuffalo, NY
15New Jersey Council of County Colleges501(c)(3)$10 millionTrenton, NJ
16Rocky Mountain Community Reinvestment Corporation (RMCRC)501(c)(3)$7.7 millionSalt Lake City, UT
17California Alliance for Jobs501(c)(6)$4.4 millionSacramento, CA
18Downtown Partnership of Baltimore501(c)(6)$8.0 millionBaltimore, MD
19Watertown Development Company501(c)(6)$4.9 millionWatertown, SD
20Hawthorn Foundation501(c)(6)$3.6 millionJefferson City, MO
21Gordon Research Conferences (GRC)501(c)(3)$50 millionWest Kingston, RI
22Foundation for Advanced Education in the Sciences (FAES)501(c)(3)$32 millionBethesda, MD
23Cool Effect501(c)(3)$5.8 millionGreenbrae, CA
24Aspen Global Change Institute (AGCI)501(c)(3)$62 millionBasalt, CO
25BioOne501(c)(3)$12 millionWashington, DC