Maine · Public charity
Foundation for a Strong Maine Economy
Focusmaine propels the growth of maine's most promising industries and transforms maine into a hub for top talent.
- $2.1M
- Granted FY2024(still arriving)
- 7
- Itemized grants FY2024
- 18
- Organizations funded FY2023
- 67%
- First-time grantees FY2023
- Itemized, FY2024
- $1.9M
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $215,870
- Largest grant, FY2024
- $762,947
- Organizations funded a year
- 4 to 18
- FY2017 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $2.2M
How open it is to new grantees
In FY2023, 67% of the organizations Foundation for a Strong Maine Economy funded were first-time grantees, receiving 12% of its grant dollars.
New vs renewed · share of each year
In FY2023, 88% of grant dollars renewed an existing relationship; $246k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 7 | $1.9M | 0% |
| FY2023 | 18 | $2.1M | 67% |
| FY2022 | 4 | $1.3M | 25% |
| FY2021 | 7 | $1.6M | 0% |
| FY2020 | 12 | $2.0M | 33% |
| FY2019 | 9 | $1.8M | 22% |
| FY2018 | 10 | $1.2M | 60% |
| FY2017 | 4 | $979k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Maine Center for Enterprise Development Dba Maine Center for Entrepreneurs | $4,201,009 | 8 | 84% |
| Coastal Enterprises Inc | $2,203,743 | 7 | 4% |
| Educate Maine | $1,608,226 | 7 | 19% |
| Maine Aquaculture Association | $1,593,915 | 8 | 66% |
| Gulf of Maine Research Institute | $1,287,009 | 5 | 2% |
| Maine & Company | $388,576 | 3 | 22% |
| Avigo Solutions | $335,129 | 2 | n/a |
| Satish Tadikonda | $216,000 | 2 | n/a |
| Northeastern University | $165,774 | 2 | 0% |
| New England Ocean Cluster LLC | $155,261 | 3 | n/a |
Show all 29 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Maine Center for Enterprise Development Dba Maine Center for Entrepreneurs | $4,201,009 | 8 | 84% |
| Coastal Enterprises Inc | $2,203,743 | 7 | 4% |
| Educate Maine | $1,608,226 | 7 | 19% |
| Maine Aquaculture Association | $1,593,915 | 8 | 66% |
| Gulf of Maine Research Institute | $1,287,009 | 5 | 2% |
| Maine & Company | $388,576 | 3 | 22% |
| Avigo Solutions | $335,129 | 2 | n/a |
| Satish Tadikonda | $216,000 | 2 | n/a |
| Northeastern University | $165,774 | 2 | 0% |
| New England Ocean Cluster LLC | $155,261 | 3 | n/a |
| Live and Work in Maine | $108,536 | 3 | n/a |
| Avigo Solutions | $108,314 | 1 | n/a |
| Live Work Maine Inc | $100,000 | 1 | 4% |
| Ethos Marketing & Design | $68,765 | 2 | n/a |
| Biotechnology Association of Maine Bioscience Association of Maine | $52,078 | 2 | 10% |
| Third Sector New England Inc | $42,463 | 2 | 0% |
| Linkedin Corporation | $25,000 | 1 | n/a |
| Facility Logix Building Performance | $12,500 | 1 | n/a |
| Mark Dvorozniak | $10,000 | 1 | n/a |
| Ferda Farms | $10,000 | 1 | n/a |
| The Maine Oyster Company LLC | $10,000 | 1 | n/a |
| Love Point Oysters LLC | $10,000 | 1 | n/a |
| Wild Ocean Aquaculture | $10,000 | 1 | n/a |
| TWIYO Inc | $10,000 | 1 | n/a |
| Islesboro Marine Enterprises Inc | $10,000 | 1 | n/a |
| American Unagi LLC | $10,000 | 1 | n/a |
| Ocean Approved LLC | $9,870 | 1 | n/a |
| Wolfe Neck Oyster Co | $9,815 | 1 | n/a |
| Vont LLC | $8,494 | 1 | n/a |
Where it is load-bearing
Foundation for a Strong Maine Economy supplied at least a quarter of the budget for 2 of its grantees at some point. The chart plots its 10 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.
Open a dossier: Maine Technology Institute
How this is measured
Compare Foundation for a Strong Maine Economy with peer funders
About Foundation for a Strong Maine Economy
- How much does Foundation for a Strong Maine Economy give?
- Foundation for a Strong Maine Economy reported 7 itemized grants totaling $1,921,580, out of $2,145,984 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 4 and 18 organizations a year over FY2017 to FY2023.
- What does Foundation for a Strong Maine Economy fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Food & Nutrition (49%), Employment (14%), Community Improvement (14%).
- Who are Foundation for a Strong Maine Economy's largest grantees?
- By total granted over FY2017 to FY2024: Maine Center for Enterprise Development Dba Maine Center for Entrepreneurs ($4.2M), Coastal Enterprises Inc ($2.2M), Educate Maine ($1.6M).
- Does Foundation for a Strong Maine Economy fund new organizations?
- In FY2023, 67% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Foundation for a Strong Maine Economy?
- Its strongest co-funders, measured against what their size predicts, include Maine Technology Institute.
- Where is Foundation for a Strong Maine Economy based?
- Foundation for a Strong Maine Economy is based in ME.
Play a game based on Foundation for a Strong Maine Economy’s filings →