Maine Development Foundation
Maine Development Foundation
Maine Development Foundation
AI Summary
Maine Development Foundation is a nonprofit focused on economic development in Maine, with a mission to promote economic growth in the state. In filing year 2024, it reported an operating budget of $2.4M and total revenue of $3M, with major funding from Elmina B. Sewall Foundation, Maine Community Foundation Inc, and AVANGRID FOUNDATION INC.
Mission Statement
To promote economic growth in the State of Maine.
Cause Areas
1
Economic development
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Populations
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 29 funders
- 57 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is Maine Development Foundation’s budget?
In 2024, Maine Development Foundation reported an annual operating budget of around $2.4 million. More detailed financial information is available to registered users.
What causes does Maine Development Foundation support?
Maine Development Foundation supports work in Economic development.
Where does Maine Development Foundation operate?
Maine Development Foundation is headquartered in Hallowell, ME.
Who funded Maine Development Foundation recently?
In 2025, Maine Development Foundation received grants from Maine Space Grant Consortium, Elmina B. Sewall Foundation, and BUSINESS EDUCATION PARTNERSHIP FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Maine Development Foundation received in 2024?
The largest grant to Maine Development Foundation in 2024 exceeds $185 thousand.
What is Maine Development Foundation’s reliance on government grants?
Maine Development Foundation relied on government grants for more than 40% of their total revenue in 2024.