MAINE CENTER FOR ENTERPRISE DEVELOPMENT

PORTLAND, ME, 04104-8628 (207) 774-8111 Est. 1997 EIN 01-0510641
Z99— Unknown Form 990 501(c)(3)
WWW.MCED.BIZ

Mission

TO CREATE HIGH QUALITY JOBS FOR MAINE THROUGH BEST PRACTICE INCUBATIONS SERVICES THAT SYSTEMATICALLY ASSIST NEW BUSINESSES WITH INTELLECTUAL PROPERTY AND BUSINESS PLAN NEEDS, R&D ACTIVITIES, EARLY STAGE FINANCING AND PRODUCT COMMERCIALIZATION.

Giving Portfolio

Total Grants
7
Total Giving
$135K
Recipients
7
Years Active
2020 - 2024
Avg grant: $21,000 Median: $25,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20242$30K $15K20
20232$30K $15K20
20221$25K $25K10
20211$25K $25K10
20201$25K $25K10

Top States

Maine
7

Top Grantees

OCEAN INNOVATION LLC
ME
$25K
RMT TECH LLC DBA REACH MY TEACH
ME
$25K
LITERACY TECH INC
ME
$25K
NOR'EASTER OYSTER CO
ME
$25K
SKLAZA LLC
ME
$25K
DELTACOM COFFEE LLC
ME
$5K
OCEAN FARM SUPPLY LLC
ME
$5K

Financials

Total Revenue
$1,367,620
Total Expenses
$1,358,358
Net Assets
$89,865
4 employees 127 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
0.8 months Low
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 1.2%
Expenses ↑ 2.6%
Revenue Sources
Contributions 98.9% Earned revenue 1.1%
Expense Breakdown
Program 72.1% Management 27.9%

Officers & Trustees (14)

Sign up free to see all officers. We treat individual compensation with extra care; named amounts are on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$1,367,620 $1,358,358$89,865
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$1,351,382 $1,323,615$80,603
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$962,397 $1,020,453$52,836
2021 Form 990
Jan 1, 2021 to Dec 31, 2021
$1,053,182 $952,952$110,892
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$871,455 $817,716$10,662
2018 Form 990
Jan 1, 2018 to Dec 31, 2018
$553,853 $557,093$-29,308

Find more like this.

Sign up free to search 16M+ grants and see similar organizations on every nonprofit profile.

Sign Up Free

No credit card required.

EIN: 01-0510641 · Source: IRS Form 990 e-file data