Maine Center For Economic Policy

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 12/2021, Maine Center For Economic Policy employed 12 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 12/2021, Maine Center For Economic Policy generated $1.6m 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 $1.2m during the year ending 12/2021. While expenses have increased by 5.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MECEP ADVANCES POLICY SOLUTIONS THROUGH RESEARCH, ANALYSIS, EDUCATION AND OUTREACH, 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 2021, MECEP HELPED EDUCATE POLICYMAKERS, CITIZENS AND MEDIA BY PRODUCING: 242 RESEARCH REPORTS, BLOG POSTS, AND FACT SHEETS; ISSUED 31 PRESS RELEASES AND OP-EDS; HAD OUR ANALYSES CITED IN 170 NEWS STORIES; MAINTAINED DAILY FACEBOOK AND TWITTER CONTENT; HOSTED A BIENNIAL POLICY CONFERENCE; RAN 3 DIGITAL EDUCATION CAMPAIGNS; PUBLISHED A MONTHLY NEWSLETTER; AND PRESENTED AT 12 PUBLIC EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Garrett Martin
Executive Di
$99,528
Lee Webb
Chair
$0
Pamela Cox
Treasurer
$0
Barbara Burt
Vice-Chair
$0
Ben Chin
Secretary
$0
Sandra Butler
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$6,103
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,633,587
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,639,690
Total Program Service Revenue$0
Investment income $1,686
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$57
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,641,319

Grants Awarded

Over the last fiscal year, Maine Center For Economic Policy has awarded $49,000 in support to 2 organizations.

Grant RecipientAmount

MAINE EQUAL JUSTICE PARTNERS

Org PageRecipient Profile

Augusta, ME

PURPOSE: EDUCATION/ADVOCACY

$24,500

Augusta, ME

PURPOSE: EDUCATION/ADVOCACY

$24,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Maine Center For Economic Policy has recieved totaling $1,190,760.

Awarding OrganizationAmount
New Venture Fund

Washington, DC

PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

$160,000
Chestnut Fund

Boston, MA

PURPOSE: GENERAL OPERATING SUPPORT

$145,000
Hopewell Fund

Washington, DC

PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

$125,000
Center On Budget And Policy Priorities

Washington, DC

PURPOSE: General Support

$100,000
Center On Budget And Policy Priorities

Washington, DC

PURPOSE: General Support

$100,000
Robin Hood Foundation

New York, NY

PURPOSE: POVERTY RELIEF

$100,000
View Grant Recipient Profile

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