Maine Economic Research Institute
- Assets
- $1.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 12/1999
- Data as of
- 06/2023
- EIN
- 01-0527800
Organization Overview
Maine Economic Research Institute is located in Augusta, ME. The organization was established in 1999. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Economic Research Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Maine Economic Research Institute generated $52.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $66.2k during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STATEWIDE BRIEFINGS TO REPORT RESEARCH FINDINGS. PRESENTED AT MORE THAN 30 LOCATIONS AND ATTENDED BY APPROXIMATELY 400 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifton Greim Chair/direct | 0.25 | $0 | |
Kimberly N Lindlof V. Chair/dir | 0.25 | $0 | |
Simon West President/ D | 0.25 | $0 | |
Judy Knapp Director | 0.25 | $0 | |
Bob Montgomery-Rice Director | 0.25 | $0 | |
Stacey Fitts Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $61,030 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,148 |
| Total expenses | $66,178 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,747 |
| Other assets | $0 |
| Total assets | $1,747 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Credit Union League Portland, ME | $3,759,148 | $1,880,069 |
New Hampshire Water Works Association Inc Concord, NH | $78,626 | $264,797 |
Maine Economic Research Institute Augusta, ME | $1,747 | $0 |
Brotherhood Of Railroad Signalmen Winchester, NH | $33,557 | $0 |
Londonderry Police Association Londonderry, NH | $29,668 | $0 |