Educate Maine
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Portland, ME
- Founding
- 09/2006
- Data as of
- 12/2022
- 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 12/2022, Educate Maine employed 12 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 12/2022, Educate Maine generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 14.6% 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
2022
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Boles Director | Trustee | 1 | $0 |
Barry Driscoll Director | Trustee | 1 | $0 |
Clif Greim Chair | OfficerTrustee | 4 | $0 |
Dan Coffey Director | Trustee | 1 | $0 |
Gary Merrill Second Chair | OfficerTrustee | 2 | $0 |
Janet Sortor Vice Chair | 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 | $1,331,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,331,664 |
| Total Program Service Revenue | $209,848 |
| Investment income | $1,475 |
| 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 | $1,542,987 |
| 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. | $111,172 |
| Compensation of current officers, directors, key employees. | $16,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,152 |
| Pension plan accruals and contributions | $29,371 |
| Other employee benefits | $69,358 |
| Payroll taxes | $44,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $485,370 |
| Advertising and promotion | $0 |
| Office expenses | $147,467 |
| Information technology | $15,818 |
| Royalties | $0 |
| Occupancy | $29,011 |
| Travel | $87,907 |
| 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 | $4,711 |
| Insurance | $4,866 |
| All other expenses | $0 |
| Total functional expenses | $1,701,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,271 |
| Savings and temporary cash investments | $41,613 |
| Pledges and grants receivable | $344,242 |
| Accounts receivable, net | $16,958 |
| 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 | $13,129 |
| Net Land, buildings, and equipment | $10,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,583 |
| Total assets | $1,053,605 |
| Accounts payable and accrued expenses | $151,908 |
| Grants payable | $0 |
| Deferred revenue | $15,625 |
| 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 | $10,794 |
| Total liabilities | $178,327 |
| Net assets without donor restrictions | $678,778 |
| Net assets with donor restrictions | $196,500 |
| 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 | $1,053,605 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Learning Initiative Inc Hampton, NH | $2,056,368 | $1,641,166 |
Educate Maine Portland, ME | $1,053,605 | $1,542,987 |
The Maine Heritage Policy Center Portland, ME | $363,655 | $1,063,765 |
Mdm Observatory Consortium Inc Hanover, NH | $1,458,953 | $607,336 |
Tidemark Institute Inc Damariscotta, ME | $201,124 | $246,268 |
Education Action Forum Of Maine Rockland, ME | $0 | $0 |
Save Our Libraries Institute Biddeford, ME | $5,730 | $1,742 |
Independent School Gender Project North Conway, NH | $100,546 | $0 |