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FOUNDATION FOR A STRONG MAINE ECONOMY
FOUNDATION FOR A STRONG MAINE ECONOMY
AUGUSTA, ME, US
•
a.k.a
FocusMaine
•
501(c)(3)
•
EIN
30-0036992
•
•
Regional Funder
Women Led
LGBTQ+ Led
FOUNDATION FOR A STRONG MAINE ECONOMY
AUGUSTA, ME, US
•
a.k.a
FocusMaine
•
501(c)(3)
•
EIN
30-0036992
•
•
Regional Funder
Women Led
LGBTQ+ Led
Overview
Programs
990s
Income Statement
Balance Sheet
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Board & Team
Financials
Financial Trends
Funding
Funders
Grants Received
Grantmaking
Giving Insights
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Grants Given
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Balance Sheet
Fiscal Year Start:
Jan 1
Assets in
2024
(Year End)
$2,209,867
Investments
48%
Cash & Equivalents
41%
Receivables (Non-Related)
11%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in
2024
(Year End)
$1,478,758
Deferred Revenue
73%
Payables & Accruals
27%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$445,029
$907,119
+104%
Receivables (Non-Related)
$176,372
$243,779
+38%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$1,360
-
Investments
$1,579,513
$1,057,609
-33%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$2,200,914
$2,209,867
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$375,711
$403,807
+7%
Grants Payable
-
-
-
Deferred Revenue
$1,386,844
$1,074,951
-22%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,762,555
$1,478,758
-16%
Net assets
2023
2024
Change
Restricted Net Assets
$216,380
$273,779
+27%
Unrestricted Net Assets
$221,979
$457,330
+106%
Net assets
2023
2024
Change
Net assets
+$438,359
+$731,109
+67%
Balance Sheet
