Nonprofit screen
Screen a listFoundation for a Strong Maine Economy
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- Reinstated
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(2)
$3.6Mrevenue
FY2024 · +42% in 3 yrs6staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin8.1%
Months of reserve3.3mo
Revenue growth (annualized)+16.5%
Middle half of peersMedianFoundation for a Strong Maine Economy
Where the money goes FY2024 · $3.3M spent
Programs$2.9M89%Management and general$279k9%Fundraising$88k3%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$63k in FY2022 and −$239k in FY2023. Cash covers 3.3 months, under the peer median of 5.5.
990 Part I and balance sheetIn its favor4
Strong governance
10 of 11 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 17% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohortFunders stay
6 of the 9 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant listsA history of government grants
Government grants on 3 of its 4 returns, 15% of revenue in FY2024. $1.0M is traced federal awards from Small Business Administration.
990 Part VIII · USAspending21funders
$2.0Ma year, last 3 years
93%from its largest funder
Funder’17’18’19’20’21’22’23Harold Alfond FoundationStopped after FY2022$1.4M$1.8M$1.7M$1.3M$1.3M$4.3M–Elmina B Sewall FoundationStopped after FY2022$50k$30k$25k–The Bank of America Charitable Foundation IncOn and off$25k$15k$5k$15kMachias Savings Bank Community Development FoundationOn and off$10k$10k$5k$15k$15kMaineHealthStopped after FY2021$25k$25k–Northeastern UniversityOn and off$47kDonor-advised giftsDonors not disclosed$5k$5k$10k$15k$80k$53k7 other fundersUp to $25k a year each$1k$18k$35k$25k$40k
FundedThrough a donor-advised fundStopped