Educate Maine
- Assets
- $1.1m
- Revenue
- $852.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Portland, ME
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-3559947
Organization Overview
Educate Maine is located in Portland, ME. The organization was established in 2006. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2021, Educate Maine employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educate Maine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Educate Maine generated $852.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 10.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION COLLEGE, CAREER READINESS AND INCREASED EDUCATION ATTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE POST SECONDARY DEGREE ATTAINMENT FOR MAINE PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Judd Edd Executive Director | Officer | 40 | $103,164 |
Ken Grady Chair | OfficerTrustee | 4 | $0 |
Gary Merrill Treasurer | OfficerTrustee | 2 | $0 |
Clif Greim Vice Chair | OfficerTrustee | 2 | $0 |
Dan Coffey Second Chair | OfficerTrustee | 2 | $0 |
Janet Sortor Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $680,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $680,072 |
| Total Program Service Revenue | $171,602 |
| Investment income | $985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,659 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,164 |
| Compensation of current officers, directors, key employees. | $15,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $366,788 |
| Pension plan accruals and contributions | $22,851 |
| Other employee benefits | $76,961 |
| Payroll taxes | $34,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,484 |
| Advertising and promotion | $0 |
| Office expenses | $84,709 |
| Information technology | $12,824 |
| Royalties | $0 |
| Occupancy | $24,741 |
| Travel | $32,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,786 |
| Insurance | $4,136 |
| All other expenses | $0 |
| Total functional expenses | $1,120,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,016 |
| Savings and temporary cash investments | $41,553 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $170,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,684 |
| Net Land, buildings, and equipment | $8,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,112,374 |
| Accounts payable and accrued expenses | $44,626 |
| Grants payable | $0 |
| Deferred revenue | $15,950 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,770 |
| Total liabilities | $78,346 |
| Net assets without donor restrictions | $946,802 |
| Net assets with donor restrictions | $87,226 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,112,374 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Educate Maine has recieved totaling $383,983.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN MAINE KNOWLEDGE WORKER PROGRAMS | | $160,042 |
Melmac Education Foundation Augusta, ME PURPOSE: EDUCATE MAINE GRANT | $50,550 |
Peter Alfond Foundation Bethesda, MD PURPOSE: MAINESPARK | $50,000 |
United Way Inc Portland, ME PURPOSE: Community Investment | $32,891 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Education | $30,500 |
Nellie Mae Education Foundation Inc Quincy, MA PURPOSE: INDICATORS REPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Library Of Richmond Inc Biddeford, ME | $39,481,984 | $15,433,911 |
New Hampshire Learning Initiative Inc Hampton, NH | $2,353,198 | $2,093,786 |
Educate Maine Portland, ME | $1,112,374 | $852,659 |
The Maine Heritage Policy Center Portland, ME | $318,158 | $1,075,647 |
Mdm Observatory Consortium Inc Hanover, NH | $1,512,968 | $518,051 |
Tidemark Institute Inc Damariscotta, ME | $201,124 | $246,268 |
Save Our Libraries Institute Biddeford, ME | $472,606 | $698,829 |
Education Action Forum Of Maine Portland, ME | $124,334 | $0 |
Independent School Gender Project North Conway, NH | $100,546 | $0 |