Maine Center For Economic Policy
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Augusta, ME
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 22-3317572
Organization Overview
Maine Center For Economic Policy is located in Augusta, ME. The organization was established in 1994. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2022, Maine Center For Economic Policy employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Center For Economic Policy 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, Maine Center For Economic Policy generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 8 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.
Since 2019, Maine Center For Economic Policy has awarded 14 individual grants totaling $524,766. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MAINE CENTER FOR ECONOMIC POLICY ADVANCES EQUITY AND PROSPERITY FOR ALL MAINE PEOPLE THROUGH ISSUE-BASED ANALYSIS, EDUCATION, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH & EDUCATION - MECEP CONDUCTS RESEARCH, ANALYSIS, EDUCATION AND OUTREACH, AND ADVOCACY TO ADVANCE POLICY SOLUTIONS THAT ADVANCE THE ECONOMIC WELL-BEING OF LOW-INCOME MAINE WORKERS AND THEIR FAMILIES. IN 2022, MECEP HELPED EDUCATE POLICYMAKERS, RESIDENTS AND MEDIA BY PRODUCING: 69 RESEARCH REPORTS, BLOG POSTS, AND FACT SHEETS; ISSUED 23 PRESS RELEASES AND OP-EDS; HAD OUR ANALYSES CITED IN 170 NEWS STORIES; MAINTAINED DAILY FACEBOOK AND TWITTER CONTENT; RAN 3 DIGITAL EDUCATION CAMPAIGNS; PUBLISHED A MONTHLY NEWSLETTER; AND PRESENTED AT 6 PUBLIC EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Martin Executive Di | Officer | 34.08 | $112,744 |
Lee Webb Chair | OfficerTrustee | 2 | $0 |
Barbara Burt Vice-Chair | OfficerTrustee | 2 | $0 |
Pamela Cox Treasurer | OfficerTrustee | 2 | $0 |
Ben Chin Secretary | OfficerTrustee | 2 | $0 |
Sandra Butler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,366 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,138,307 |
| Noncash contributions included in lines 1a–1f | $1,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,142,673 |
| Total Program Service Revenue | $0 |
| Investment income | $2,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,500 |
| 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. | $127,215 |
| Compensation of current officers, directors, key employees. | $31,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $730,989 |
| Pension plan accruals and contributions | $36,968 |
| Other employee benefits | $153,264 |
| Payroll taxes | $69,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $15,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,272 |
| Advertising and promotion | $38,606 |
| Office expenses | $23,801 |
| Information technology | $4,358 |
| Royalties | $0 |
| Occupancy | $27,244 |
| Travel | $25,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,731 |
| Insurance | $2,344 |
| All other expenses | $0 |
| Total functional expenses | $1,386,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $1,281,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $14,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,487 |
| Total assets | $1,302,237 |
| Accounts payable and accrued expenses | $46,607 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $46,607 |
| Net assets without donor restrictions | $904,797 |
| Net assets with donor restrictions | $350,833 |
| 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 | $1,302,237 |
Grants Awarded
Over the last fiscal year, Maine Center For Economic Policy has awarded $71,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE AFL-CIO PURPOSE: POLICY ADVOCACY | $24,500 |
MAINE EQUAL JUSTICE PARTNERS PURPOSE: POLICY ADVOCACY | $24,500 |
NEW MAINERS ALLIANCE PURPOSE: TAX POLICY/ADVOCACY | $15,000 |
PROSPERITYME PURPOSE: WORKER ADVOCACY | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Services Research Institute Inc Cambridge, MA | $6,734,100 | $13,529,274 |
American Academy Of Arts And Sciences Cambridge, MA | $130,163,761 | $32,259,525 |
American Institute For Economic Research Inc Great Barrington, MA | $193,880,453 | $4,819,132 |
Senior Connection Inc Worcester, MA | $3,217,146 | $6,014,635 |
Black Economic Council Of Massachusetts Inc Boston, MA | $3,424,866 | $4,360,772 |
Harvard Law Review Association Cambridge, MA | $39,926,525 | $4,462,781 |
Political Research Associates Somerville, MA | $2,661,896 | $2,417,475 |
Center For Public Interest Research Inc Boston, MA | $5,987,564 | $3,311,614 |
Scholars Strategy Network Boston, MA | $5,992,666 | $4,126,778 |