2024-11-15T10:32:00-06:00 2023-12-31 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2023-01-01 010355563 Maine Development Foundation MAIN 2076226345 PO Box 3 Augusta ME 04332 Yellow Breen President & CEO 2076226345 2024-11-14 1 1 Maria Happnie CPA P01793776 2077753496 2024-11-14 2023 2024-10-15 13:58:12Z X Yellow Breen PO Box 3 Augusta ME 04332 3166340 0 X www.mdf.org X 1978 ME To promote economic growth in the State of Maine. 16 15 20 150 0 0 1669512 1906245 1129120 1217002 4653 37053 0 0 2803285 3160300 757270 804741 0 0 1494052 1633199 0 0 74425 488334 923210 2739656 3361150 63629 -200850 1919051 1176862 1647351 1106012 271700 70850 The mission of the Maine Development Foundation is to foster sustainable, long-term economic growth for Maine. Its programs stimulate new ideas, help develop Maine's leaders, and provide common ground for solving problems and advancing important issues. 0 0 1014288 541395 369006 Maine Downtown Center works to help downtowns with their revitalization efforts and fosters downtown development that is dynamic and community-based, and results in economic development, business growth, job creation, housing revitalization, historic preservation, and cultural enhancement. 389635 183530 Leadership Maine is a powerful, nine-month, outward journey that takes a leader beyond their day-to-day experience and expands their capacity to shape our state's future. The Leadership Maine curriculum is designed for leaders from all sectors. Each Leadership Maine class is given real-life challenges to address. Participants work in teams to address the assigned issue, connect with key stakeholders, organizations and groups, and develop a solution-oriented path with the goal of improving the economy. 669271 240247 150000 The Forest Economy Project was launched in summer 2016 to support industry, community, and research leaders to develop and implement recommendations to strengthen and diversify Maine's forest industry and rural economies, supported initially by a 3-year federal Economic Development Administration grant to assist with supporting, coordinating, and reporting on Maine's forest economy recovery and revitalization effort. 430856 23099 514466 430856 23099 514466 2504050 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X The Organization 2076226345 PO Box 3 Augusta ME 04332 Carlos Mello Director 1.00 X 0 0 0 Catherine Wygant Fossett Vice Chair 1.50 X 0 0 0 Deborah Johnson Director 1.00 X 0 0 0 Eric Soelberg Director 1.00 X 0 0 0 Hannah Carter Director 1.00 X 0 0 0 Linda Ball Chair 2.00 X 0 0 0 Lisa Sockabasin Director 1.00 X 0 0 0 Lori Dwyer Director 1.50 X 0 0 0 Rick C Leonard Treasurer 2.00 X 0 0 0 Theresa Cody Director 1.50 X 0 0 0 Michael McKernan Director 1.50 X 0 0 0 Adam Shub Director 1.00 X 0 0 0 Dayton Benway Director 1.00 X 0 0 0 Kendra Coates Director 1.00 X 0 0 0 Trampas Hutches Director 1.00 X 0 0 0 Yellow Light Breen President & CEO 40.00 X 181802 0 33061 Jan A Kearce Employee 40.00 X 108029 0 22352 Roseanna Vanadestine Employee 40.00 X 112058 0 16290 401889 0 71703 3 0 1 0 0 1460306 445939 10000 1906245 Contract Income 541900 880925 880925 Program Fees 541900 328476 328476 Miscellaneous 541900 7601 7601 1217002 30549 30549 12544 6040 6504 6504 6504 3160300 1217002 0 37053 X 804741 804741 181801 116951 56408 8442 1065149 685200 330488 49461 294246 174450 107209 12587 92003 54546 33522 3935 562688 485541 77147 9248 6590 2658 10827 5644 5183 31566 31566 77574 60033 17541 80623 61243 19380 15646 15646 4602 4602 Supplies 27936 1828 26108 Equipment rental and ma 23886 23886 Dues and subscriptions 22326 14732 7594 Telephone 17414 3840 13574 38874 28711 10163 3361150 2504050 782675 74425 10270 50 1542487 405108 286315 718526 10830 4425 194964 161774 22377 33190 46772 15563 1919051 1176862 161850 318696 1440712 774079 44789 13237 1647351 1106012 X 121518 50199 150182 20651 271700 70850 1919051 1176862 -200850 0 X X 0 1 X 1 1 1 X 943851 1823774 1944270 1669512 1896245 8277652 943851 1823774 1944270 1669512 1896245 8277652 272630 8005022 6915 1559 684 4653 30549 44360 8322012 4614310 0.96190 0.91880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 194964 161774 33190 33190 Lease Obligation 13237 13237 X 3209713 49413 49413 3160300 0 3160300 3410563 49413 49413 3361150 0 3361150 Part X, Line 2: Management of the Organization believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits. 0 Lewiston Auburn Metropolitan Chamber of Commerce 415 Lisbon Street 100 Lewiston ME 04240 813725460 5500 0 Economic Development 60 Lowell Street LLC PO Box 97 Damariscotta ME 04543 853968414 23704 0 Economic Development Town of East Millinocket Maine 53 Main Street East Millinocket ME 04430 016000149 27715 0 Economic Development Sunrise County Economic Council 7 Ames Ave Machias ME 04654 010493897 32001 0 Economic Development Porter Memorial Library 92 Court Street Machias ME 04654 942831125 39807 0 Economic Development Our Town Belfast 82 Main Street Belfast ME 04915 273453233 48866 0 Economic Development Augusta Downtown Alliance 295 Water Street Augusta ME 04330 453012131 49854 0 Economic Development Town of Houlton 21 Water Street Houlton ME 04730 016000208 51491 0 Economic Development Heart of Biddeford 204 Main Street Biddeford ME 04005 342003673 53550 0 Economic Development Rockland Main Street Inc 21 Limerock Street Suite 208 Rockland ME 04841 264729005 55000 0 Economic Development Discover Downtown Westbrook 816 Main Street Westbrook ME 04092 814641837 55000 0 Economic Development Gardiner Main Street 192 Water Street Unit 3 2nd Floor Gardiner ME 04345 043669676 55000 0 Economic Development Main Street Bath 15 Commercial Street Bath ME 04530 010544282 57336 0 Economic Development Heart of Ellsworth PO Box 954 Ellsworth ME 04605 271127363 62936 0 Economic Development Our Katahdin 245 Aroostook ave Millinocket ME 04462 472382072 180531 0 Economic Development X X X 0 0 0 0 0 0 0 0 0 Yellow Light Breen President & CEO 181802 0 0 0 0 0 9000 0 24061 0 214863 0 0 0 Form 990, Part VI, Section B, line 11b The President/CEO and COO are part of the 990 preparation process and they and the Executive Committee of the Board review in final form before filing with the IRS. Form 990, Part VI, Section B, line 12c All staff, directors and officers of the Maine Development Foundation are required to sign a disclosure annually after receiving a copy of the conflict of interest policy. Form 990, Part VI, Section B, line 15 The President/CEO is reviewed by the Board of Directors Executive Committee, including the Chair, Vice Chair, and Treasurer. Key employees are reviewed by the President/CEO. Officers do not receive compensation. Form 990, Part VI, Section C, line 19 The organization provides copies upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 485,541. Management and general expenses 54,647. Fundraising expenses 0. Total expenses 540,188. Professional Fees: Program service expenses 0. Management and general expenses 22,500. Fundraising expenses 0. Total expenses 22,500. Form 990, Part XII, Line 2c: This process has not changed from the prior year.