From public IRS filings
Maine Development Foundation
AUGUSTA, ME · Community Improvement
Built from IRS filings (latest Form 990: tax year 2024). Maine Development Foundation has not reviewed or approved this page. Kindora is not affiliated with it.
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Mission
To promote economic growth in the State of Maine.
Financials (IRS Form 990)
Total revenue
$3M
Total expenses
$3M
Total assets
$970K
Program expense ratio
73%
Source: IRS Form 990, tax year 2024.
Who funds Maine Development Foundation
$1.4M in foundation grants on record from 16 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Elmina B Sewall Foundation | $600K | 3 |
| Avangrid Foundation | $175K | 3 |
| Maine Community Foundation | $112K | 3 |
| Maine Business Education Partnership | $93K | 2 |
| Nature Conservancy | $92K | 5 |
| Fb Heron Foundation | $80K | 2 |
| Northern Forest Center | $72K | 2 |
| Maine Space Grant Consortium | $45K | 1 |
| Leonard C & Mildred F Ferguson Foundation | $30K | 1 |
| John T Gorman Foundation | $22K | 2 |
Leadership
Yellow Breen — President & CEO (Principal officer)
Names of officers and trustees come from the organization's public filings and leave this page when a later filing drops them. If you are named here and object, write to privacy@kindora.co.