FOUNDATION FOR A STRONG MAINE ECONOMY

AUGUSTA, ME, 04330-8156 (207) 623-4568 Est. 2002 EIN 30-0036992
S30— Community Improvement Form 990 501(c)(3)

Mission

FOCUSMAINE PROPELS THE GROWTH OF MAINE'S MOST PROMISING INDUSTRIES AND TRANSFORMS MAINE INTO A HUB FOR TOP TALENT.

Giving Portfolio

Total Grants
58
Total Giving
$10.0M
Recipients
58
Years Active
2018 - 2024
Avg grant: $202,730 Median: $149,842

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20247$1.9M $275K07
202318$2.1M $116K126
20224$1.3M $317K13
20217$1.6M $224K07
202012$2.0M $165K66
201810$1.2M $121K100

Sectors Funded

Education
8
Unknown
6
Food, Agriculture & Nutrition
6
Community Improvement
5
Housing & Shelter
5
Animal-Related
3

Top States

Maine
48
Massachusetts
8
Maryland
1
Illinois
1

Grantee Size Profile

$1M - $5M
13
$500K - $1M
10
$10M - $50M
8
Over $50M
4

Top Grantees

Page 1 of 3
$1.5M
ME - 6 grants
$1.4M
$1.2M
ME - 2 grants
$255K
SATISH TADIKONDA
MA - 2 grants
$216K
$166K

Grants Awarded · 35 grants

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Financials

Total Revenue
$3,551,496
Total Expenses
$3,262,841
Net Assets
$731,109
6 employees 15 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
2.7 months Low
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 9.6%
Expenses ↓ 6.2%
Revenue Sources
Contributions 97.8% Investment 2.2%
Expense Breakdown
Program 88.7% Management 8.6% Fundraising 2.7%

Officers & Trustees (12)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$3,551,496 $3,262,841$731,109
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$3,241,469 $3,480,305$438,359
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$2,195,380 $2,258,589$666,931
2021 Form 990
Jan 1, 2021 to Dec 31, 2021
$2,495,070 $2,260,941$730,140
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$2,768,567 $2,626,801$496,011
2018 Form 990
Jan 1, 2018 to Dec 31, 2018
$1,657,929 $1,568,834$617,195

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EIN: 30-0036992 · Source: IRS Form 990 e-file data