Nonprofit · EIN 01-0539222
MAINESTREAM FINANCE
Tax-exempt · BANGOR, ME 04402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $504,682 | $558,012 | -$53,330 | $7,709,124 | $4,917,877 | $2,791,247 |
| September 30, 2024 | 990 | $615,035 | $506,727 | $108,308 | $7,474,375 | $4,629,798 | $2,844,577 |
| September 30, 2023 | 990 | $484,821 | $583,649 | -$98,828 | $6,908,881 | $4,172,612 | $2,736,269 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $486,225
- Investment income
- $0
- Other revenue
- $18,457
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $186,378
- Salaries, compensation and benefits (total)
- $259,344
- Professional fundraising fees
- $0
- Legal fees
- $4,497
- Accounting fees
- $29,600
- Occupancy
- $44,689
- Travel
- $272
- Program services (functional)
- $257,221
- Management and general (functional)
- $300,791
Balance sheet and other
- Total assets, start of year
- $7,474,375
- Total assets, end of year
- $7,709,124
- Total liabilities, end of year
- $4,917,877
- Net assets, end of year
- $2,791,247
- Net assets without donor restrictions
- $1,782,610
- Net assets with donor restrictions
- $1,008,637
- Gross receipts
- $504,682
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2000
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARA HAY | CHIEF EXECUTIVE OFFICER Officer | 0.01 | $0 | $261,773 | $43,320 |
| DENICE CONARY | CHIEF FINANCIAL OFFICER Officer | 0.01 | $0 | $196,688 | $37,152 |
| HEIDI LEBLANC | CHIEF OPERATING OFFICER Officer | 0.01 | $0 | $173,435 | $20,291 |
| KAYLA DUNN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRENT FOLSTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIELLE HEWES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA HUSTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARA HAY | CHIEF EXECUTIVE OFFICER Officer | 0.01 | $0 | $249,207 | $35,929 |
| DENICE CONARY | CHIEF FINANCIAL OFFICER Officer | 0.01 | $0 | $183,784 | $25,776 |
| HEIDI LEBLANC | CHIEF OPERATING OFFICER Officer | 0.01 | $0 | $165,150 | $2,636 |
| KAYLA DUNN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRENT FOLSTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARVEY GOSSELIN III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIELLE HEWES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA HUSTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT KILCOLLINS | DIRECTOR (TERMED FEB 2024) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kara Hay | President Officer | 0 | $0 | $231,666 | $30,636 |
| Denice Conary | Chief Financial Officer Officer | 0.3 | $0 | $174,014 | $23,850 |
| Kayla Dunn | Board Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| William Bennett | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brent Folster | Director Trustee or director | 1 | $0 | $0 | $0 |
| Harvey Gosselin III | Director Trustee or director | 1 | $0 | $0 | $0 |
| Scott Kilcollins | Director Trustee or director | 1 | $0 | $0 | $0 |
| Keith Romprey | Director Trustee or director | 1 | $0 | $0 | $0 |
| Michelle Cobb | Past Director Trustee or director | 1 | $0 | $0 | $0 |
| Emmett Butts | Past Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1162, BANGOR, ME 04402-1162
- Principal officer (990 for 2024)
- KARA HAY, PO BOX 1162, BANGOR, ME 04402
- Signed the 990
- DENICE CONARY, CHIEF FINANCIAL OFFICER
- Phone
- (207) 973-3500
- Website
- WWW.MAINSTREAMFINANCE.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
Mission
TO PROMOTE COMMUNITY DEVELOPMENT AND PERFORM ALL FUNCTIONS PERMITTED AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PRIMARILY THROUGH FINANCING ACTIVITIES, SERVING THE LOW INCOME TARGETED POPULATION OF THE STATE OF MAINE.
Program accomplishments
- LOAN SERVICING: MAINESTREAM FINANCE PROVIDES LOANS, EDUCATION, AND SERVICES TO ASSIST INDIVIDUALS TO START SMALL BUSINESSES AND ASSIST EXISTING SMALL BUSINESSES TO GROW. ASSISTANCE INCLUDES FINANCE REVIEW, ASSISTANCE WITH A BUSINESS PLAN, FORECLOSURE, DEBT MANAGEMENT, BUDGET AND BUSINESS CASH FLOW COUNSELING. MAINESTREAM FINANCE LOANS FUNDS TO DAY CARE PROVIDERS THAT ARE USED TO ESTABLISH/EXPAND CHILD CARE BUSINESSES IN ORDER TO CREATE JOB OPPORTUNITIES FOR LOW-INCOME INDIVIDUALS. MAINESTREAM FINANCE ALSO OFFERS LOANS TO THOSE WHO CAN NOT QUALIFY FOR OTHER LOAN PRODUCTS AT AN AFFORDABLE RATE. FIRST MORTGAGE LOANS ARE AVAILABLE TO PURCHASE, REHABILITATE OR REFINANCE RESIDENTIAL OWNER-OCCUPIED PROPERTIES. THROUGH EDUCATION PROGRAMS, MAINESTREAM FINANCE FOSTERS SUCCESSFUL HOMEOWNERSHIP, ENTREPRENEURSHIP, AND WEALTH CREATION. FINANCIAL COUNSELING OCCURS PRE- AND POST-LOAN CLOSING. IF BORROWERS QUALIFY FOR USDA/RD LOANS AND/OR MAINE HOUSING'S LOANS, MAINESTREAM FINANCE ENCOURAGES AND ASSISTS THEM TO APPLY FOR THOSE PRODUCTS IF APPROPRIATE. CLASSES ARE OFFERED FOR INDIVIDUALS SEEKING TO PURCHASE A HOME TO LEARN THE PROCESS AND CALCULATIONS INVOLVED IN LOAN PROCESSING, HOME OWNERS INSURANCE, ESCROWS, HOME INSPECTIONS, AND ALL OTHER ASPECTS OF A HOME PURCHASE.Expenses $257,221 · revenue $486,225
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 01-0539222
- 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
- 2001
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $7,709,124
- Income (IRS master file)
- $504,682
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $504,682 | $558,012 | $7,709,124 | XML |
| 990 | September 2024 | $615,035 | $506,727 | $7,474,375 | XML |
| 990 | September 2023 | $484,821 | $583,649 | $6,908,881 | XML |
| 990 | September 2022 | $1,442,234 | $643,183 | $6,730,189 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 01-0539222).
Questions about MAINESTREAM FINANCE
- What is the EIN of MAINESTREAM FINANCE?
- The employer identification number (EIN) of MAINESTREAM FINANCE is 01-0539222.
- Is MAINESTREAM FINANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MAINESTREAM FINANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINESTREAM FINANCE 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 MAINESTREAM FINANCE due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINESTREAM FINANCE 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 MAINESTREAM FINANCE?
- The 990 for the year ended September 30, 2025 names KARA HAY.
- Who are the officers and directors of MAINESTREAM FINANCE?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MAINESTREAM FINANCE have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $504,682, expenses of $558,012 and total assets of $7,709,124 at year end.
Other nonprofits in BANGOR
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- PSH PROPERTIES II EIN 01-0523162 · last filed 990 for 2025
- MAINE ASSOCIATION OF MORTGAGE PROFESSIONALS EIN 01-0403673 · last filed 990-EZ for 2024
- ACADIA CAPITAL MANAGEMENT LLC EIN 83-2835153 · last filed 990-EZ for 2024
- ASSOCIATION TO PROTECT AND PRESERVE LOCAL LIVELIHOODS EIN 92-1329876 · last filed 990-EZ for 2025
- PSH PROPERTIES I EIN 01-0523161 · last filed 990-N for 2025
- GREATER BANGOR KIWANIS CHARITIES INC EIN 82-4416110 · last filed 990-N for 2024
- CENTRAL MAINE TWIRLING BOOSTERS EIN 33-1095617 · last filed 990-N for 2025
All nonprofits in BANGOR · Maine · Community improvement and capacity building