Maine · Nonprofit
IGNITE PRESQUE ISLE
IGNITE PRESQUE ISLE (Maine) receives grants from 6 organizations whose IRS filings report $8,142,492 to it, the largest being The Rodney and Mary Barton Smith Family Foundation ($7,644,968). 3 of them have funded it in more than one year.
- Revenue FY2025
- $3.4M
- Funders on record
- 6
- Grants received
- $8.1M
- Net assets
- $7.6M
What Ignite Presque Isle does
Mission
Inspire community revitalization and innovation by promoting entrepreneurship in presque isle
As stated on its FY2025 Form 990.
Programs
Our innovation center is ignite pi's inaugural project. We've created a store front space as an entrepreneurial nexus with the most innovative co- workspace in new england. We've just begun an impressive renovation plan to transform the store front property into the next generation of business in the heart of presque isle. Our center compliments existing businesses and services in the downtown district. We're promoting an entrepreneurial spirit to bring the community together for generations to come.
$2,025 spent$15,919 earned by the program0% of program spendingHotel and restaurant operations support innovation center.
$3,052,859 spent$3,107,385 earned by the program100% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $3,054,884.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $4.4M to $7.4M (+66%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2022 6% · 2023 15% · 2024 4% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
7% of IGNITE PRESQUE ISLE’s revenue is contributions — about as donation-reliant as the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Lerae Kinney
CEO
Board chair
Cathy Beaulieu
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2021 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $3.3M → $1.5M.
3 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of IGNITE PRESQUE ISLE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
IGNITE PRESQUE ISLE leans on a few funders — its largest provides 94% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2021 100% · 2022 98% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
IGNITE PRESQUE ISLE draws 99% of its grant income from funders outside Maine, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $398k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
IGNITE PRESQUE ISLE's revenue fell 36% between 2021 and 2025.
this organization peer median middle 50% of peers· 2,299 community improvement nonprofits $1M–$10M, FY2025
Organizations like IGNITE PRESQUE ISLE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maine
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for IGNITE PRESQUE ISLE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds IGNITE PRESQUE ISLE?
- IGNITE PRESQUE ISLE (Maine) receives grants from 6 organizations whose IRS filings report $8,142,492 to it, the largest being The Rodney and Mary Barton Smith Family Foundation ($7,644,968). 3 of them have funded it in more than one year.
- How many funders does IGNITE PRESQUE ISLE have?
- IRS filings report 6 organizations giving $8,142,492 in grants to IGNITE PRESQUE ISLE, 3 of which have funded it in more than one year.
- Who is the largest funder of IGNITE PRESQUE ISLE?
- The Rodney and Mary Barton Smith Family Foundation is the largest funder on record, with $7,644,968 in grants. The full list of funders is on this page.
- How can an organization like IGNITE PRESQUE ISLE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maine. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Ignite Presque Isle →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing