2025-09-09T15:09:36-05:00 2024-12-31 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2024-01-01 010355563 Maine Development Foundation MAIN 2076226345 PO Box 3 Augusta ME 04332 Yellow Breen President & CEO 2076226345 2025-09-08 1 1 Maria M Happnie CPA P01793776 2077753496 2025-09-08 2024 2025-03-06 01:10:19Z Yellow Breen PO Box 3 Augusta ME 04332 2966802 0 X www.mdf.org X 1978 ME To promote economic growth in the State of Maine. 16 15 16 150 0 0 1906245 1748912 1217002 1206358 37053 11532 0 0 3160300 2966802 804741 557301 0 0 1633199 1592674 0 0 106255 923210 852662 3361150 3002637 -200850 -35835 1176862 969500 1106012 934485 70850 35015 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 1042157 457772 519869 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. 409276 6000 307063 Leadership Programs consist of 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 curriculum is designed for leaders from all sectors. Each Leadership 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. 459447 93529 97018 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. 268937 282408 268937 282408 2179817 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 12 0 1 16 1 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 Adam Shub Director 1.00 X 0 0 0 Carlos Mello Director 1.00 X 0 0 0 Catherine Wygant Fossett Vice Chair 1.50 X X 0 0 0 Dayton Benway Director 1.00 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 Kendra Coates Director 1.00 X 0 0 0 Linda Ball Chair 2.00 X X 0 0 0 Lisa Sockabasin Director 1.00 X 0 0 0 Lori Dwyer Director 1.50 X 0 0 0 Michael McKernan Director 1.50 X 0 0 0 Rick C Leonard Treasurer 2.00 X X 0 0 0 Theresa Cody Director 1.50 X 0 0 0 Trampas Hutches Director 1.00 X 0 0 0 Nellie Albright Director 1.00 X 0 0 0 Jenny Kordick Director 1.00 X 0 0 0 Yellow Light Breen President & CEO 40.00 X 171499 0 32053 171499 0 32053 1 0 1 0 0 1283704 465208 10000 1748912 Contract Income 541900 839906 839906 Program Fees 541900 365701 365701 Miscellaneous 541900 751 751 1206358 11532 11532 2966802 1206358 0 11532 X 557301 557301 119829 73418 39887 6524 1080635 662091 359709 58835 56553 35503 17895 3155 251738 158036 79658 14044 83919 52682 26555 4682 554341 462968 77948 13425 14873 7895 6028 950 18917 6555 12362 26008 26008 54716 46027 6194 2495 85485 74224 10533 728 9251 9251 6448 6448 Dues and subscriptions 23248 18695 4553 Miscellaneous 15248 6192 9050 6 Telephone 12625 4364 8021 240 Equipment rental and ma 9473 9473 22029 13866 6992 1171 3002637 2179817 716565 106255 50 10 405108 326407 718526 607612 4425 7174 196918 171026 33190 25892 15563 2405 1176862 969500 318696 181191 774079 753294 13237 0 1106012 934485 X 50199 35015 20651 0 70850 35015 1176862 969500 -35835 0 X X 0 1 X 1 1 1 X 1823774 1944270 1669512 1896245 1748912 9082713 1823774 1944270 1669512 1896245 1748912 9082713 216682 8866031 1559 684 4653 30549 11532 48977 9131690 4979961 0.97090 0.96190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196918 171026 25892 25892 X 3013603 46801 46801 2966802 0 2966802 3049438 46801 46801 3002637 0 3002637 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 Ellsworth Historical Society 40 State Street Ellsworth ME 04605 010359659 192063 0 Economic Development Town of Lincoln 29 Main Street Lincoln ME 04457 016000236 20479 0 Economic Development Colonial Theater Inc PO Box 2267 Augusta ME 04338 272159587 160189 0 Economic Development Our Katahdin 245 Aroostook ave Millinocket ME 04462 472382072 41048 0 Economic Development Sunrise County Economic Council 7 Ames Ave Machias ME 04654 010493897 32001 0 Economic Development 60 Lowell Street LLC PO Box 97 Damariscotta ME 04543 853968414 24856 0 Economic Development Augusta Downtown Alliance 295 Water Street Augusta ME 04330 453012131 10146 0 Economic Development Town of Houlton 21 Water Street Houlton ME 04730 016000208 8509 0 Economic Development Main Street Bath 15 Commercial Street Bath ME 04530 010544282 8423 0 Economic Development Porter Memorial Library 92 Court Street Machias ME 04654 942831125 8193 0 Economic Development Rockland Main Street Inc 21 Limerock Street Suite 208 Rockland ME 04841 264729005 8000 0 Economic Development Gardiner Main Street 192 Water Street Unit 3 2nd Floor Gardiner ME 04345 043669676 8000 0 Economic Development Discover Downtown Westbrook 816 Main Street Westbrook ME 04092 814641837 8000 0 Economic Development Our Town Belfast 82 Main Street Belfast ME 04915 273453233 5394 0 Economic Development Heart of Biddeford 204 Main Street Biddeford ME 04005 342003673 8000 0 Economic Development X X X 0 0 0 0 0 0 0 0 0 Yellow Light Breen President & CEO 171499 0 0 0 0 0 8827 0 23226 0 203552 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 Finance 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 453,188. Management and general expenses 31,862. Fundraising expenses 13,425. Total expenses 498,475. Professional Fees: Program service expenses 9,780. Management and general expenses 46,086. Fundraising expenses 0. Total expenses 55,866. Form 990, Part XII, Line 2c: This process has not changed from the prior year.