Maine · Nonprofit
MAINESTREAM FINANCE
MAINESTREAM FINANCE (Maine) receives grants from 6 organizations whose IRS filings report $338,762 to it, the largest being OPPORTUNITY FINANCE NETWORK ($150,000). 4 of them have funded it in more than one year.
- Revenue FY2025
- $505k
- Funders on record
- 6
- Grants received
- $339k
- Net assets
- $2.8M
What Mainestream Finance does
Mission
To promote community development and perform all functions permitted as community development financial institution, primarily through financing activities, serving the low income targeted population of the state of maine.
As stated on its FY2025 Form 990.
Program
Loan servicing: Mainestream Finance provides loans, education, and services to assist individuals to start small businesses and assist existing small businesses to grow. Assistance includes finance review, assistance with a business plan, foreclosure, debt management, budget and business cash flow counseling. Mainestream Finance loans funds to day care providers that are used to establish/expand child care businesses in order to create job opportunities for low-income individuals. Mainestream Finance also offers loans to those who can not qualify for other loan products at an affordable rate. First mortgage loans are available to purchase, rehabilitate or refinance residential owner-occupied properties. Through education programs, Mainestream Finance fosters successful homeownership, entrepreneurship, and wealth creation. Financial counseling occurs pre- and post-loan closing. If borrowers qualify for usda/rd loans and/or maine housing's loans, Mainestream Finance encourages and assists them to apply for those products if appropriate. Classes are offered for individuals seeking to purchase a home to learn the process and calculations involved in loan processing, home owners…
$257,221 spent$486,225 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $257,221.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 2020 to 2021, from $5.9M to $6.9M (+17%).
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: 2017 41% · 2018 31% · 2019 34% · 2020 15% · 2021 3% · 2022 79% · 2023 0%. Grants only. Government contracts and fees sit inside program revenue.
0% of MAINESTREAM FINANCE’s revenue is contributions — more earned-revenue than three-quarters of its peers (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 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
Kara Hay
Chief executive officer
Board chair
Kayla Dunn
Board chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 2 funders, grant income rose $18k → $25k.
2 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $348k from one payer (the payer shares this organization's board, largest Penquis Cap Inc). These are real filings, and they are not money MAINESTREAM FINANCE raised.
From the IRS filings of MAINESTREAM FINANCE’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
MAINESTREAM FINANCE leans on a few funders — its largest provides 44% of grant income and the top three 86%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
51% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MAINESTREAM FINANCE.
Largest funder’s share by year: 2017 57% · 2018 40% · 2019 100% · 2020 68% · 2021 80% · 2022 100% · 2023 80% — growing more concentrated.
“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
MAINESTREAM FINANCE draws 56% of its grant income from funders outside Maine, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $24k arriving through sponsors registered in 2 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
MAINESTREAM FINANCE holds deeper cash reserves than three-quarters of the 7,175 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Government funding MAINESTREAM FINANCE receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.4M on record.
- Department of the Treasury$1.3M
- Small Business Administration$97k
- Department of Agriculture$29k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MAINESTREAM FINANCE
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
46% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 18 related entities
- Broadway Housing Inc · exempt
- Rape Response Services Inc · exempt
- Penquis Cap Inc · exempt
- Penquis Mental Health Association · exempt
- Charlotte White Center · exempt
Screen this organization
A dated, signed PDF of the compliance screen for MAINESTREAM FINANCE: 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 MAINESTREAM FINANCE?
- MAINESTREAM FINANCE (Maine) receives grants from 6 organizations whose IRS filings report $338,762 to it, the largest being OPPORTUNITY FINANCE NETWORK ($150,000). 4 of them have funded it in more than one year.
- How many funders does MAINESTREAM FINANCE have?
- IRS filings report 6 organizations giving $338,762 in grants to MAINESTREAM FINANCE, 4 of which have funded it in more than one year.
- Who is the largest funder of MAINESTREAM FINANCE?
- OPPORTUNITY FINANCE NETWORK is the largest funder on record, with $150,000 in grants. The full list of funders is on this page.
- How can an organization like MAINESTREAM FINANCE 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.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), 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 14, 2026. What this page cannot tell you · view filing