2025-11-10T15:05:09-06:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2024-01-01 010510641 MAINE CENTER FOR ENTERPRISE DEVELOPMENT DBA MAINE CENTER FOR ENTREPRENEURS MAIN 2074051667 PO BOX 8628 PORTLAND ME 04104 THOMAS RAINEY EXECUTIVE DIRECTOR 2074051667 2025-11-05 1 0 JULIA HOWLAND CPA P01711658 2077745701 2025-11-05 2024 2025-03-06 01:10:19Z MAINE CENTER FOR ENTREPRENEURS THOMAS RAINEY PO BOX 8628 PORTLAND ME 04104 1367620 0 X WWW.MCED.BIZ X 1997 ME EMPOWERING & ENABLING ME'S NEXT GENERATION OF ENTREPRENEURS THROUGH TRAINING AND MENTORING. 11 11 4 127 0 0 1290673 1352620 60709 15000 0 0 0 0 1351382 1367620 30500 30500 0 0 480277 464864 0 0 0 812838 862994 1323615 1358358 27767 9262 360484 319240 279881 229375 80603 89865 X TO CREATE HIGH QUALITY JOBS FOR MAINE THROUGH BEST PRACTICE INCUBATIONS SERVICES THAT SYSTEMATICALLY ASSIST NEW BUSINESSES WITH INTELLECTUAL PROPERTY AND BUSINESS PLAN NEEDS, R&D ACTIVITIES, EARLY STAGE FINANCING AND PRODUCT COMMERCIALIZATION. 0 1 332597 0 0 MARKETSHARE IS THE MOST EXPENSIVE MCE PROGRAM, WITH 2024 EXPENSES TOTALING $332,597 AND 41 CLIENT COMPANIES ENROLLED. A PROGRAM DESIGNED FOR MATURE MAINE-BASED FOOD AND BEVERAGE COMPANIES LOOKING TO AGGRESSIVELY EXPAND DISTRIBUTION REGIONALLY AND NATIONALLY, MCE ENGAGES A TEAM OF SUBJECT MATTER EXPERTS TO WORK WITH EACH COMPANY TO PERFORM MARKETING ASSESSMENTS AND IDENTIFY GROWTH PLANS. MEMBER COMPANIES HAD REGULAR MONTHLY TO BI-MONTHLY WORKING AND TRACKING MEETINGS WITH THE PROGRAM MANAGER AND THE MCE MENTOR CONSULTANTS. THROUGHOUT THE YEAR, THE FOCUS OF CLIENT MEMBER MEETINGS IS MARKET DEVELOPMENT AND STRATEGY. TEN COMPANY-SPECIFIC CATEGORY REPORTS WERE PURCHASED AND ANALYZED TO IDENTIFY NEW SALES OPPORTUNITIES, MANY LEADING TO WINS OF NEW ACCOUNTS OR ADDITIONAL ITEMS ADDED TO EXISTING ACCOUNTS. OTHER FOOD AND BEVERAGE INDUSTRY RESOURCES WERE ALSO PURCHASED, COMPILED, AND UTILIZED THROUGHOUT THE YEAR. MARKETSHARE MEMBER COMPANIES ALSO PARTICIPATED IN QUARTERLY WORKSHOPS, THE FOOD PRODUCER SOCIAL, THE SEAFOOD SHOWCASE, AND THE MENTOR HAPPY HOURS IN CONJUNCTION WITH MCE'S CULTIVATOR PROGRAM. MARKETSHARE IS ESTIMATED TO HAVE CREATED 78 NEW JOBS IN MAINE IN 2024. 228499 0 0 AT $228,499 IN EXPENSES AND 14 CLIENT COMPANIES PARTAKING, THE CULTIVATOR PROGRAM WAS THE SECOND MOST EXPENSIVE INITIATIVE FOR MCE IN 2024. IN THIS PROGRAM, EACH MEMBER COMPANY IS ASSIGNED A PERSONAL ASSESSMENT TEAM COMPRISED OF THREE SUBJECT MATTER EXPERTS IN MARKETING & SALES, FINANCE, AND OPERATIONS. THE PROGRAM BEGINS WITH AN INITIAL MEETING IN WHICH THE TEAM AND COMPANY COME TOGETHER TO ASSESS THE COMPANY'S BUSINESS. COLLABORATIVELY, THEY WORK TO IDENTIFY GAPS AND NEEDS THE COMPANY HAS THAT ARE PREVENTING THEM FROM SCALING UP TO THE NEXT LEVEL. BASED ON ASSESSMENT RESULTS, THEY CREATE AN AGREED-UPON ACTION PLAN AND ONGOING MILESTONE TRACKING RUBRIC TO ENSURE COMPANY ACCOUNTABILITY FOR DELIVERABLES. ALSO, MCE MATCHES EACH COMPANY WITH APPROPRIATE VOLUNTEER MENTORS FROM MCE'S MAINE MENTOR NETWORK (MMN) TO ADDRESS THEIR NEEDS. COMPANIES MEET BI-WEEKLY WITH MCE'S PROGRAM MANAGER THROUGHOUT THE NEXT 12 MONTHS TO WORK ON THE ACTION PLAN AND TRACK THE MEASURES THE COMPANY TAKES DURING THAT TIME. EACH COMPANY ALSO RECONNECTS WITH THE ENTIRE ASSESSMENT QUARTERLY TO REVIEW THE COMPANY'S EFFORTS OVER THE PAST THREE MONTHS. COMPANIES WILL ALSO ATTEND INDUSTRY-FOCUSED WORKSHOPS AND LEARNING EVENTS TAILORED TO THEIR NEEDS AND INTERESTS. PARTICIPANTS ALSO RECEIVE INCREASED EXPOSURE TO THE BUSINESS COMMUNITY THROUGH PROGRAM MARKETING, NETWORK EVENTS, AND THE ANNUAL FOOD PRODUCER SOCIAL FOR PAST AND PRESENT CULTIVATOR COMPANIES, PROVIDING ADDITIONAL OPPORTUNITIES FOR MAINE'S FOOD AND BEVERAGE COMPANIES TO CONNECT, SHARE, AND PARTNER. IN ADDITION, PROGRAM PARTICIPANTS ALSO GET TO SHOWCASE THEIR BUSINESS TO AN AUDIENCE OF POTENTIAL INVESTORS, BUSINESS LEADERS, AND JOURNALISTS AT THE END OF THE PROGRAM IN THE BIYEARLY FOOD PRODUCER'S SHOWCASE. CULTIVATOR IS ESTIMATED TO HAVE CREATED 28 NEW JOBS IN MAINE IN 2024. 151644 0 0 THE FOODTECH MAINE PROGRAM COST $151,664 MAKING IT THE THIRD MOST EXPENSIVE MCE INITIATIVE IN 2024. THIS MCE BUSINESS ACCELERATOR FOCUSED ON DRIVING GROWTH AND INNOVATION IN MAINE'S FOOD, AGRICULTURE, AND AQUACULTURE ECOSYSTEM. FOODTECH MAINE LEVERAGES TECHNOLOGY SOLUTIONS TO IMPROVE EFFICIENCY, SUSTAINABILITY, AND QUALITY IN THE FOOD INDUSTRY AND ENHANCE FOOD AND BEVERAGE PRODUCTS TASTE AND NUTRITIONAL BENEFITS. IT ALSO CONNECTS AND FOSTERS COLLABORATION AMONG EARLY-STAGE AND MID-SIZED COMPANIES INNOVATING AND DEVELOPING AGRI-FOOD INDUSTRY SERVICES OR PRODUCTS TO COMMERCIALIZE AND SCALE THEIR BUSINESS AND GROW THIS INDUSTRY IN MAINE. MAINE'S LONG HISTORY AS A CENTER FOR HIGH-QUALITY FOOD AND BEVERAGE PRODUCTION AND INNOVATION HAS POSITIONED THE STATE TO PLAY A MORE PROMINENT ROLE IN THIS FAST-GROWING NICHE INDUSTRY. SIX COMPANIES PARTICIPATED IN THE PROGRAM IN 2024, MCE LOOKS TO CONTINUE THE PROGRAM INTO 2025. 136439 30500 15000 MCE'S LONGEST-RUNNING PROGRAM, TOP GUN, WAS THE FOURTH MOST EXPENSIVE PROGRAM IN 2024 AT $136,439. TOP GUN ASSISTED OVER 36 STARTUPS IN FIVE DIFFERENT MAINE REGIONS: PORTLAND, LEWISTON-AUBURN, HOULTON/MACHIAS, ELLSWORTH, AND WATERVILLE. THE COMPANIES WERE FROM VARIOUS INDUSTRIES RANGING FROM BIOSCIENCE AND BIOTECH TO FOOD AND BEVERAGE, TECHNOLOGY, OUTDOOR GOODS, AND OTHER HEALTHCARE-BASED SERVICES. DESIGNED SPECIFICALLY FOR ENTREPRENEURS WANTING TO GROW THEIR BUSINESSES AND ACHIEVE LONG-TERM, SUSTAINABLE SUCCESS. THE TOP GUN PROGRAM CULMINATES IN THE MAINE ENTREPRENEUR SUMMIT (MES), DURING WHICH OVER 250 MAINE-BASED BUSINESSES, LEADERS, ORGANIZATIONS, AND ENTREPRENEURS GATHER TO ATTEND BUSINESS-RELATED WORKSHOPS AND EXPLORE THE TRADE SHOW FEATURING TOP GUN ATTENDEES' PRODUCTS. ALSO AT MES IS THE STATEWIDE PITCH CONTEST WHERE THE TOP ATTENDEES FROM THAT YEAR'S COHORT EACH PITCH THEIR COMPANY TO A PANEL OF JUDGES. THE WINNING TEAM RECEIVES A CASH PRIZE OF $25,000. 109785 0 0 THE MAINE BIOSCIENCE CLUSTER INITIATIVE WAS MCE'S FIFTH MOST EXPENSIVE PROGRAM IN 2024 AT $109,785. THIS PROGRAM FOCUSES ON PROVIDING MAINE BIOTECH, DIGITAL HEALTH, LIFE SCIENCES, AND MEDICAL DEVICE ENTREPRENEURS WITH THE TOOLS AND RESOURCES THEY NEED TO ACCELERATE THEIR BUSINESS. THE PROGRAM PROVIDES PARTICIPANTS WITH INDUSTRY EXPERTISE, HIGHLY COLLABORATIVE AND DYNAMIC LEARNING OPPORTUNITIES, TAILORED PROFESSIONAL RESOURCES, AND BUSINESS CONNECTIONS, ALL AT AN AFFORDABLE FLAT RATE. COMPANIES WORK CLOSELY WITH A PROGRAM MANAGER WITH OVER 20 YEARS OF EXPERIENCE IN HEALTHCARE SERVICES, MEDICAL DEVICES, AND LIFE SCIENCES ENTREPRENEURIAL EXPERIENCE. THE MANAGER WORKS ONE-ON-ONE WITH MEMBER COMPANIES TO UNDERSTAND THEIR BUSINESS NEEDS AND CONNECT THEM TO APPROPRIATE MCE, PARTNER, AND INDUSTRY RESOURCES. 20612 0 0 THE LEAST EXPENSIVE OF MCE'S SIGNIFICANT PROGRAMS IS THE VISIONARY LEADERSHIP PROGRAM WITH EXPENSES OF $20,612 IN 2024. THE VISIONARY LEADERSHIP PROGRAM WAS A COLLABORATION WITH MCE, THE UNIVERSITY OF MAINE GRADUATE AND PROFESSIONAL CENTER AND BANGOR SAVINGS BANK. THE PROGRAM PROVIDES DEVELOPMENT OPPORTUNITIES FOR LEADERS OF STARTUPS AND SMALL BUSINESSES IN MAINE. THROUGH MONTHLY VIRTUAL MEETINGS, THE PROGRAM BUILDS A STRONG PEER GROUP, TEACHES LEADERSHIP SKILLS AND TOOLS FOR TODAY'S BUSINESS CHALLENGES, AND INTRODUCES PARTICIPANTS TO EXPERIENCED MAINE BUSINESS AND THOUGHT LEADERS. 266836 30500 15000 979576 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 42 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X PHILBROOK AND ASSOCIATES 2075949460 PO BOX 1149 ROCKLAND ME 04841 ANDREA K SUTER CHAIR 1.00 X X 0 0 0 SUSAN MACKAY VICE CHAIR 1.00 X X 0 0 0 SKIP BATES TREASURER 1.00 X X 0 0 0 SUSAN AHERN DIRECTOR 1.00 X 0 0 0 JAKE DANIELE DIRECTOR 1.00 X 0 0 0 STUART DAVIES DIRECTOR THRU JULY 2024 1.00 X 0 0 0 DOUG DEANGELIS DIRECTOR 1.00 X 0 0 0 CAL HANCOCK DIRECTOR 1.00 X 0 0 0 DANIEL PILTCH DIRECTOR 1.00 X 0 0 0 BURAK SEZEN DIRECTOR 1.00 X 0 0 0 CORY VARGO DIRECTOR 1.00 X 0 0 0 CHRIS VICKERS DIRECTOR 1.00 X 0 0 0 KRYSTAL WILLIAMS DIRECTOR THRU MAR 2024 1.00 X 0 0 0 THOMAS RAINEY EXECUTIVE DIRECTOR 40.00 X 181262 0 3493 181262 0 3493 1 0 1 0 JANINE BISAILLON-CARYMONTSERRAT GROUP 36 BRENTWOOD ROAD CAPE ELIZABETH ME 04107 MARKETSHARE PROGRAM MANAGER 137200 STEAMBOAT ROAD CONSULTING 20 CENTER ST YARMOUTH ME 04096 FOOD TECH DEVELOPMENT AND PROJECT MGMT 127673 2 83900 1268720 1352620 TOP GUN 611430 15000 15000 15000 1367620 15000 0 0 X 30500 30500 184755 105734 79021 216705 124020 92685 13439 7691 5748 23718 13574 10144 26247 15021 11226 35 35 462765 343570 119195 30587 19025 11562 5577 5577 8484 8484 26517 26517 14945 14945 3609 3609 102 102 4417 4417 PROGRAM EXPENSES 288295 288295 BAD DEBT 15575 15575 2086 1524 562 1358358 979576 378782 0 128370 160994 228364 154946 3750 3300 360484 319240 78297 64602 201584 164773 279881 229375 X 80603 89865 80603 89865 360484 319240 9262 0 X 0 0 0 X 850601 1015232 922667 1290673 1352620 5431793 20854 37950 39730 60709 15000 174243 871455 1053182 962397 1351382 1367620 5606036 0 0 0 5606036 871455 1053182 962397 1351382 1367620 5606036 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 NOR'EASTER OYSTER CO 29 HIGH ST 1 BRUNSWICK ME 04011 882088035 25000 0 2024 TOP GUN SHOWCASE PRIZE DELTACOM COFFEE LLC 404 N PARISH RD TURNER ME 04282 932869132 5000 0 2024 TOP GUN MICHAEL SHEEHAN MEMORIAL AWARD 0 2 PART I, LINE 2: MCE DOES NOT MONITOR THE USE OF THE PRIZE MONEY NOR DO WE REQUIRE ANY OF OUR AWARDEES TO REPORT ON HOW THEY SPEND THEIR PRIZE MONEY, SIMPLY A VERBAL ACKNOWLEDGEMENT FROM THEM, UPON RECEIPT OF THE PRIZE, THAT THE PRIZE MONEY WILL BE SPENT ON SOME ASPECT OF BUILDING THEIR BUSINESS IN MAINE. THIS SPEND COULD BE ANYTHING THAT HELPS MOVE THEIR COMPANY TO THE NEXT LEVEL - LAUNCHING A CROWDFUNDING CAMPAIGN, CONDUCTING MARKET RESEARCH OR NEW MACHINERY PURCHASES, ARE SOME EXAMPLES. X X X X 0 0 0 0 0 0 0 1 0 THOMAS RAINEY EXECUTIVE DIRECTOR 158762 0 22500 0 0 0 0 0 3493 0 184755 0 0 0 PART I, LINE 7 TOM RAINEY RECEIVED A BONUS THAT WAS DETERMINED BY THE BOARD OF DIRECTORS BASED ON PERFORMANCE. SKIP BATES DBA BATES MGMT GROUP LLC BOARD TREASURER 10000 CONSULTING PAYMENT 0 FORM 990, PART III, LINE 3 CEASED DMR INITIATIVE WITH EXPENSES OF $53,569, AND SEAFOOD CAPACITY EXPANSION WITH EXPENSES OF $200,504, AND SEAMAINE WITH $10,000 OF EXPENSE. FORM 990, PART VI, SECTION B, LINE 11B OPERATIONS MANAGER, EXECUTIVE DIRECTOR AND TREASURER REVIEW THE 990 BEFORE FILING. THE DRAFT 990 IS ALSO SENT TO BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES & CONTRACTORS: PROGRAM SERVICE EXPENSES 343,570. MANAGEMENT AND GENERAL EXPENSES 119,195. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 462,765.