Nonprofit · EIN 01-0529871
MAINE TECHNOLOGY INSTITUTE
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $30,490,647 | $29,947,461 | $543,186 | $22,477,274 | $18,862,171 | $3,615,103 |
| June 30, 2024 | 990 | $22,492,763 | $21,984,308 | $508,455 | $29,202,613 | $26,130,696 | $3,071,917 |
| June 30, 2023 | 990 | $36,158,450 | $35,498,648 | $659,802 | $22,300,505 | $19,737,043 | $2,563,462 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $28,877,346
- of which government grants
- $28,877,346
- Program service revenue
- $876,429
- Investment income
- $736,872
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $22,384,003
- Compensation of officers, directors and key employees
- $140,989
- Other salaries and wages
- $970,573
- Salaries, compensation and benefits (total)
- $1,432,186
- Professional fundraising fees
- $0
- Legal fees
- $63,991
- Accounting fees
- $58,658
- Occupancy
- $61,292
- Travel
- $31,792
- Depreciation
- $99,515
- Program services (functional)
- $28,614,493
- Management and general (functional)
- $1,332,968
Balance sheet and other
- Total assets, start of year
- $29,202,613
- Total assets, end of year
- $22,477,274
- Total liabilities, end of year
- $18,862,171
- Net assets, end of year
- $3,615,103
- Land, buildings and equipment
- $68,930
- Net assets without donor restrictions
- $3,615,103
- Gross receipts
- $30,490,647
- Employees
- 13
- Volunteers
- 120
- Year formed
- 1999
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brian Whitney | President Officer | 40 | $0 | $139,651 | $56,545 |
| Gregory N Lee | Director of Finance & Administration Officer | 40 | $119,389 | $0 | $21,600 |
| Melissa LaCasse | Chairperson Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Amberlynn Esperanza | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jake Ward | Vice Chairperson Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jed Beach | Director Trustee or director | 2 | $0 | $0 | $0 |
| Michael Cassata | Director Trustee or director | 2 | $0 | $0 | $0 |
| Elizabeth Love | Director Trustee or director | 2 | $0 | $0 | $0 |
| Charlotte Mace | Director Trustee or director | 2 | $0 | $0 | $0 |
| Colin March | Director Trustee or director | 2 | $0 | $0 | $0 |
| Meredith Mendelson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Rob Pierson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Ian Swanberg | Director Trustee or director | 2 | $0 | $0 | $0 |
| Susan Tapley | Director Trustee or director | 2 | $0 | $0 | $0 |
| Dan Belyea | Past Director Trustee or director | 2 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather Johnson | Past Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brian Whitney | President Officer | 40 | $0 | $119,968 | $53,506 |
| Gregory N Lee | Director of Finance & Administration Officer | 40 | $115,233 | $0 | $17,601 |
| Jake Ward | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Amberlynn Esperanza | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Melissa LaCasse | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jed Beach | Director Trustee or director | 2 | $0 | $0 | $0 |
| Dan Belyea | Director Trustee or director | 2 | $0 | $0 | $0 |
| Michael Cassata | Director Trustee or director | 2 | $0 | $0 | $0 |
| Heather Johnson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Meredith Mendelson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Rob Pierson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Ian Swanberg | Director Trustee or director | 2 | $0 | $0 | $0 |
| Susan Tapley | Director Trustee or director | 2 | $0 | $0 | $0 |
| John Pavan | Past Director Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brian Whitney | President Officer | 40 | $0 | $119,150 | $53,141 |
| Gregory N Lee | Director of Finance & Administration Officer | 40 | $94,575 | $0 | $16,630 |
| Melissa LaCasse | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jake Ward | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Amberlynn Esperanza | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jed Beach | Director Trustee or director | 2 | $0 | $0 | $0 |
| Dan Belyea | Director Trustee or director | 2 | $0 | $0 | $0 |
| Michael Cassata | Director Trustee or director | 2 | $0 | $0 | $0 |
| Heather Johnson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Meredith Mendelson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Rob Pierson | Director Trustee or director | 2 | $0 | $0 | $0 |
| Ian Swanberg | Director Trustee or director | 2 | $0 | $0 | $0 |
| Susan Tapley | Director Trustee or director | 2 | $0 | $0 | $0 |
| Donna Cassese | Past Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Raymond Kelley | Past Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Sebastian Belle | Past Director Trustee or director | 2 | $0 | $0 | $0 |
| Sarah Curran | Past Director Trustee or director | 2 | $0 | $0 | $0 |
| Richard Ganong | Past Director Trustee or director | 2 | $0 | $0 | $0 |
| John Pavan | Past Director Trustee or director | 2 | $0 | $0 | $0 |
| Rosaire Pelletier | Past Director Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16 MIDDLE ST STE 201, PORTLAND, ME 04101-5163
- In care of
- % JNET YANCY-WRONA - PHD
- Mailing address (990-N for 2023)
- 68 Church Rd, Brunswick ME 04011
- Principal officer (990 for 2024)
- Brian Whitney, 16 Middle St 201, Portland, ME 041015163
- Principal officer (990-N for 2023)
- Ward Boudreau, 68 Church Rd, Brunswick ME 04011
- Signed the 990
- Brian Whitney, President
- Phone
- (207) 582-4790
- Website
- www.mainetechnology.org
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
The Institute, through a public and private partnership, shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in Maine's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people. The Institute is one element of Maine's economic development strategy and will contribute to the long-term development of a statewide research, development and product deployment infrastructure.
Program accomplishments
- The Maine Technology Institute (MTI) invests in promising technologies by funding research and development projects in the state's seven technology sectors. MTI's competitive awards bring new products, services and processes to the market, generating high-quality jobs across Maine. Businesses, non-profit organizations, academic institutions and entrepreneurs are eligible for funding under MTI's program, which is outlined below:Initial contact is made when those interested complete an online intake form. Meetings are established with entities proposing projects. Using an assessment tool, the potential applicant and the Institute review eight different areas including: Team Ability, Innovation and Value Proposition, Customer and Market, Business/Organization Model, and Scope of Work/Budget. At this point the process may continue with the Institute or may be referred to a business partner. If the determination is to apply for support, the appropriate level of funding request will be determined, and the application will be submitted. The funding level will also determine the level of due diligence needed with the application. Funding levels may also help to determine the nature of the award. The Institute awards grants, loans and equity investments. Successful applicants who receive funds are also required to submit reporting on their projects for five years post award.Four funding levels are used in the application process, as follows:Range One Awards less than $25,000Range Two Awards between $25,000 and $100,000Range Three Awards between $100,000 and $250,000Range Four Awards over $250,000Expenses $28,614,493 · grants $22,384,003 · revenue $876,429
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-N on file |
IRS record
- EIN
- 01-0529871
- 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
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $22,477,274
- Income (IRS master file)
- $30,490,647
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $30,490,647 | $29,947,461 | $22,477,274 | IRS |
| 990-N for 2023 Officer: Ward Boudreau | June 30, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2024 | $22,492,763 | $21,984,308 | $29,202,613 | IRS |
| 990 | June 2023 | $36,158,450 | $35,498,648 | $22,300,505 | XML |
| 990 | June 2022 | $14,853,693 | $15,091,479 | $19,619,742 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 01-0529871).
Questions about MAINE TECHNOLOGY INSTITUTE
- What is the EIN of MAINE TECHNOLOGY INSTITUTE?
- The employer identification number (EIN) of MAINE TECHNOLOGY INSTITUTE is 01-0529871.
- Is MAINE TECHNOLOGY INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to MAINE TECHNOLOGY INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINE TECHNOLOGY INSTITUTE 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 TECHNOLOGY INSTITUTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE TECHNOLOGY INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MAINE TECHNOLOGY INSTITUTE?
- The 990 for the year ended June 30, 2025 names Brian Whitney.
- Who are the officers and directors of MAINE TECHNOLOGY INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization.
- How much revenue does MAINE TECHNOLOGY INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $30,490,647, expenses of $29,947,461 and total assets of $22,477,274 at year end.
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