Maine Development Foundation

Maine Development Foundation

Hallowell, ME, US
501(c)(3)
EIN
01-0355563
Women Led

Maine Development Foundation

Hallowell, ME, US
501(c)(3)
EIN
01-0355563
Women Led

Overview

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Est.

1978

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Maine Development Foundation, with an EIN of 01-0355563, is dedicated to promoting economic growth in the State of Maine. Operating with a budget of $2.4 million and total revenue of $3 million in 2024, the organization is supported by multiple funders, none of which contribute 50% or more of its revenue. For more information, visit their website at www.mdf.org.

Mission Statement

To promote economic growth in the State of Maine.
Revenues

$3M

Expenses

$3M

Net Income:
-$35.8K
Assets

$969.5K

Liabilities

$934.5K

Net Assets:
+$35K
Operating Budget

$2.4M

Operating Budget by Year

Due Diligence

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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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Total No. of Grants

6

Median grant size
$49.1K
Largest grant received
$185K
Y
Yellow Light Breen
Board Member
D
Deborah Johnson
Board Member
H
Hannah Carter
Board Member

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 2024, Maine Development Foundation received grants from Elmina B. Sewall Foundation, BUSINESS EDUCATION PARTNERSHIP FOUNDATION, and AVANGRID FOUNDATION INC. 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.
Overview
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