Cause IQ organization profile

Maine Technology Institute (MTI)

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

MTI is a engineering or technology research center based in Brunswick, ME that was founded in 1999. As of 2019 they had $35 million in revenue and $41 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.

EIN:
01-0529871
City:
State:
Metro:
Website:
Phone:
(207) 582-4790
Facebook:
Twitter:
Founded:
1999
Type:
501(c)(3)
NTEE:
Revenue:
$35,533,893
Assets:
$41,636,601
Employees:
11
Fiscal year end:
June
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 becomes repayable.* Business ...

Form 990s for MTI

Fiscal year endingDate received by IRSFormPDF link
2019-06Sep 22, 2020990View PDF
2018-06Dec 27, 2019990View PDF
2017-06Mar 14, 2018990View PDF
2016-06Jul 11, 2017990View PDF
2015-06Feb 25, 2016990View PDF
...and five more Form 990 PDFs

Financials for MTI

Field2019
Total grants, contributions, etc.$34,248,785
Program services$24,000
Investment income and dividends$595,736
Tax-exempt bond proceeds$0
Royalty revenue$578,828
Net rental income$0
Net gain from sale of non-inventory assets$86,544
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$35,533,893

Vendors for MTI

VendorServicesAmount paidDate
Berry Dunn Mcneil and Parker LLCTax accounting2020-03-14
█████████Content management system software2019-09-07
█████████ ████████Software2019-09-07
███ ██████████ ████████ ███Consulting Services$106,6452019-06-01

Personnel at MTI

NameTitleCompensationMost recent data
Brian WhitneyPresident$0Sept. 22, 2020
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, 2019
█████████ █████████Vice Chair$0June 30, 2019
█████ ███████Chair$0June 30, 2019
████ ████Secretary$0June 30, 2019
█████ █████Vice Chairman$0June 30, 2017
...and six more key personnel

Peer engineer and technology research centers

 NameTypeRevenueLocation
1Airport Research and Development Foundation (ARDF)501(c)(3)$79 millionAlexandria, VA
2Consortium for Command Control Communications and Computer Technologies501(c)(3)$54 millionWashington, DC
3National Institute for Hometown Security (NIHS)501(c)(3)$13 millionSomerset, KY
4Missouri Technology Corporation (MTC)501(c)(3)$10 millionJefferson City, MO
5Golden LEAF Foundation501(c)(3)$104 millionRocky Mount, NC
6Business Leadership Organized for Catholic Schools (BLOCS)501(c)(3)$39 millionKing of Prussia, PA
7Microelectronics Advanced RSRCH Corporation501(c)(6)$40 millionDurham, NC
8Leadership for Educational Equity Foundation501(c)(3)$12 millionWashington, DC
9Nwa Trailblazers501(c)(3)$28 millionBentonville, AR
10American Friends of the Israel Democracy Institute501(c)(3)$9.9 millionAtlanta, GA
11Educate Girls501(c)(3)$30 millionAustin, TX
12Delaware Sustainable Energy Utility (SEU)501(c)(3)$18 millionDover, DE
13Sierra Club Foundation501(c)(3)$105 millionOakland, CA
14The Furniture Trust (TFT)501(c)(3)$9.7 millionArlington, MA
15Workforce Solutions Greater Dallas501(c)(3)$98 millionDallas, TX
16United States Deputy Sheriffs' Association (USDSA)501(c)(3)$11 millionWichita, KS
17Mayor's Fund for Philadelphia501(c)(3)$16 millionPhiladelphia, PA
18Ub Foundation Activities501(c)(3)$102 millionBuffalo, NY
19CMG501(c)(3)$62 millionWashington, DC
20American Friends of IDC501(c)(3)$10 millionNew York, NY
21Disabled Veterans National Foundation (DVNF)501(c)(3)$27 millionLanham, MD
22National CHILDREN'S Cancer Society (NCCS)501(c)(3)$48 millionSt Louis, MO
23Clemson University Foundation501(c)(3)$54 millionClemson, SC
24Give2Asia501(c)(3)$25 millionOakland, CA
25North Carolina Partnership for Children501(c)(3)$105 millionRaleigh, NC