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Nonprofit · EIN 01-0484310

MAINE INITIATIVES INC

Tax-exempt · PORTLAND, ME 04101

Financials

$3.5M$3.6M2022$2M$3.9M2023$3.9M$3.7M2024
Revenue Expenses · by fiscal year end
Financials of MAINE INITIATIVES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$3,901,867$3,722,485$179,382$6,402,822$1,984,730$4,418,092
September 30, 2024990$1,962,279$3,893,392-$1,931,113$5,176,132$1,458,443$3,717,689
September 30, 2023990$3,513,921$3,593,377-$79,456$5,149,067$723,336$4,425,731
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$3,841,787
Membership dues
$25,600
Program service revenue
$0
Investment income
$57,939
Other revenue
$2,141

Expenses

Grants and similar amounts paid
$1,916,165
Compensation of officers, directors and key employees
$151,410
Other salaries and wages
$691,495
Salaries, compensation and benefits (total)
$1,039,349
Professional fundraising fees
$0
Legal fees
$1,486
Accounting fees
$52,682
Occupancy
$54,215
Travel
$38,228
Depreciation
$12,292
Program services (functional)
$3,041,115
Management and general (functional)
$618,694
Fundraising (functional)
$62,676

Balance sheet and other

Total assets, start of year
$5,176,132
Total assets, end of year
$6,402,822
Total liabilities, end of year
$1,984,730
Net assets, end of year
$4,418,092
Land, buildings and equipment
$3,442
Publicly traded securities
$4,213,706
Net assets without donor restrictions
-$845,095
Net assets with donor restrictions
$5,263,187
Gross receipts
$3,901,867
Employees
19
Volunteers
294
Year formed
1993
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PHILIP WALSHEXECUTIVE DI
Officer
40$146,214$5,197
JENNETTE ANDRETRUSTEE
Trustee or director
1$0$0
JENNIFER CEIDEVICE-PRESIDE
Trustee or director, Officer
2$0$0
ANDREA FRANCISPRESIDENT
Trustee or director, Officer
2$0$0
LESLIE HILLTREASURER
Trustee or director, Officer
2$0$0
LAURESS LAWRENCESECRETARY
Trustee or director, Officer
2$0$0
KAEL PARKERTRUSTEE
Trustee or director
1$0$0
DAVID PATRICKTRUSTEE
Trustee or director
1$0$0
VICTORIA RODRIGUEZTRUSTEE
Trustee or director
1$0$0
990 for the year ended September 30, 2024: 12 people
NameTitleHours / weekCompensationOther / benefits
PHILIP WALSHEXECUTIVE DI
Officer
40$129,436$3,883
JENNIFER CEIDETRUSTEE
Trustee or director
1.6$0$0
ANDREA FRANCISVICE PRESIDE
Trustee or director, Officer
2$0$0
JAKE GRINDLETRUSTEE
Trustee or director
1$0$0
LESLIE HILLTRUSTEE
Trustee or director
1.8$0$0
CARLA HUNTSECRETARY
Trustee or director, Officer
1.4$0$0
LAURESS LAWRENCEPRESIDENT
Trustee or director, Officer
1.7$0$0
KAEL PARKERTRUSTEE
Trustee or director
0.92$0$0
DAVID PATRICKTRUSTEE
Trustee or director
0.8$0$0
VICTORIA RODRIGUEZTRUSTEE
Trustee or director
1$0$0
GREG SAMPLETRUSTEE
Trustee or director
1$0$0
ELLEN SEIDMANTREASURER
Trustee or director, Officer
1.2$0$0
990 for the year ended September 30, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
PHILIP WALSHEXECUTIVE DI
Officer
40$120,414$3,612
SASS BORODKINTRUSTEE
Trustee or director
0.5$0$0
JENNIFER CEIDETRUSTEE
Trustee or director
1.6$0$0
ANDREA FRANCISTRUSTEE
Trustee or director
2$0$0
JAKE GRINDLETRUSTEE
Trustee or director
1$0$0
LESLIE HILLTRUSTEE
Trustee or director
1.8$0$0
CARLA HUNTPRESIDENT
Trustee or director, Officer
1.4$0$0
LAURESS LAWRENCEVICE PRESIDE
Trustee or director, Officer
1.7$0$0
KAEL PARKERTRUSTEE
Trustee or director
0.92$0$0
DAVID PATRICKTRUSTEE
Trustee or director
0.8$0$0
VICTORIA RODRIGUEZTRUSTEE
Trustee or director
1$0$0
GREG SAMPLESECRETARY
Trustee or director, Officer
1$0$0
ELLEN SEIDMANTREASURER
Trustee or director, Officer
1.2$0$0
SETT VINCENTTRUSTEE
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
57 EXCHANGE ST STE 100, PORTLAND, ME 04101-5000
Principal officer (990 for 2024)
PHILIP WALSH, 57 EXCHANGE STREET 100, PORTLAND, ME 04101
Signed the 990
PHILIP WALSH, EXECUTIVE DIRECTOR
Phone
(207) 712-1198
Return prepared by
SMITH & ASSOCIATES CPAS

Mission

MAINE INITIATIVES, A FUND FOR CHANGE, CULTIVATES SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE THROUGH GRANTS AND OTHER SUPPORT TO GRASSROOTS ORGANIZATIONS IN MAINE COMMUNITIES.

990 for the year ended September 30, 2025

Program accomplishments

  • GRANT MAKING AND COMMUNITY ENGAGEMENT: PROVIDE GRANTS TO MAINE-BASED ORGANIZATIONS PROMOTING SOCIAL, ECONOMIC,AND ENVIRONMENTAL JUSTICE. PROVIDE TECHNICAL ASSISTANCE AND HIGH VISIBILITY FOR THESE ORGANIZATIONS AND THEIR WORK.
    Expenses $2,740,600 · grants $1,916,165
  • THE MAINE SHARE PROGRAM PROVIDES AN EASY WAY TO DONATE TO OVER 40 STATEWIDE ORGANIZATIONS WORKING EVERYDAY TO MAKE MAINE A BETTER PLACE TO LIVE. THROUGH PAYROLL GIVING, CONTRIBUTIONS AND DIRECT GIFTS, DONORS HELP THESE ORGANIZATIONS ACHIEVE GOOD HEALTH, ENVIRONMENTAL PROTECTION, SAFE COMMUNITIES, ECONOMIC OPPORTUNITY, HUMAN RIGHTS, ANIMAL WELFARE, PEACE, AND MUCH MORE. YEAR-ROUND CHARITABLE GIVING THROUGH WORKPLACE CAMPAIGNS PROVIDES THESE GROUPS WITH A STEADY FLOW OF DOLLARS TO KEEP IMPORTANT PROGRAMS GOING.
    Expenses $173,678
  • MAINE YOUTH JUSTICE - FISCAL SPONSORSHIP - INVESTMENT IN A RANGE OF COMMUNITY BASED SUPPORTS THAT RESPOND TO YOUNG PEOPLE'S NEEDS. CAMPAIGN LED BY YOUNG PEOPLE WHO HAVE BEEN INCARCERATED IN LONG CREEK AND DIRECTLY IMPACTED BY THE JUVENILE JUSTICE SYSTEM.
    Expenses $126,837

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
01-0484310
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,402,822
Income (IRS master file)
$3,901,867

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$3,901,867$3,722,485$6,402,822XML
990September 2024$1,962,279$3,893,392$5,176,132XML
990September 2023$3,513,921$3,593,377$5,149,067XML
990September 2022$2,709,270$2,902,420$4,414,537IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0484310).

Questions about MAINE INITIATIVES INC

What is the EIN of MAINE INITIATIVES INC?
The employer identification number (EIN) of MAINE INITIATIVES INC is 01-0484310.
Is MAINE INITIATIVES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to MAINE INITIATIVES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAINE INITIATIVES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAINE INITIATIVES INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAINE INITIATIVES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MAINE INITIATIVES INC?
The 990 for the year ended September 30, 2025 names PHILIP WALSH.
Who are the officers and directors of MAINE INITIATIVES INC?
The 990 for the year ended September 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $146,214 (PHILIP WALSH, EXECUTIVE DI).
How much revenue does MAINE INITIATIVES INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $3,901,867, expenses of $3,722,485 and total assets of $6,402,822 at year end.

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