Foundation for a Strong Maine Economy
FOCUSMAINE PROPELS THE GROWTH OF MAINE'S MOST PROMISING INDUSTRIES AND TRANSFORMS MAINE INTO A HUB FOR TOP TALENT.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+0.4% YoY
Annual Giving
$1.9M
-7.8% YoY
Grant Count
7
-61.1% YoY
Avg Grant Size
$275K
+137.1% YoY
About Foundation for a Strong Maine Economy
Based on IRS filings
Foundation for a Strong Maine Economy is a nonprofit organization focused on Community Improvement & Capacity Building, based in AUGUSTA, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 7 grants totaling $1.9M. Net investment income was $77K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,209,867 | $2,200,914 | $5,180,935 |
| Revenue | $3,551,496 | $3,241,469 | $2,195,380 |
| Expenses | $3,262,841 | $3,480,305 | $2,258,589 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $76,982 | $21,209 | $62,704 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
48 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREA MAKER | PRESIDENT, CO-CHAIR & CO-FOUNDER | 40 | $192,427 |
| MICHAEL BOURQUE | TREASURER | 1 | — |
| JOHN FITZSIMMONS | SECRETARY | 1 | — |
| AMANDA RECTOR BLAZEK | MEMBER | 1 | — |
| DANA CONNORS | MEMBER | 1 | — |
| JAY DEARBORN | MEMBER | 1 | — |
| MICHAEL DUBYAK | MEMBER | 1 | — |
| JOAN FERRINI-MUNDY | MEMBER | 1 | — |
| ED MCKERSIE | MEMBER | 1 | — |
| KRISTEN MIALE | MEMBER | 1 | — |
| PATRICK WOODCOCK | MEMBER | 1 | — |
| LEO WATERSTON | PROGRAM DIRECTOR | 40 | $138,556 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Grand Chapter of Maine Order of the Eastern Star
AUGUSTA, ME
Assets
$2.9M
Grants
1
Total Given
$5K
Bangor Theological Seminary
PORTLAND, ME
Assets
$22.4M
Grants
3
Total Given
$11K
Maine Hospital Association Inc
AUGUSTA, ME
Assets
$8.0M
Grants
1
Total Given
$10K
Bowery Beach School Bldg Maintenance Tr
SOUTH PORTLAND, ME
Assets
$29K
Grants
0
Total Given
—
United Way of Tri Vally Area
FARMINGTON, ME
Assets
$306K
Grants
13
Total Given
$77K
Elmina B Sewall Foundation
FREEPORT, ME
Assets
$164.8M
Grants
296
Total Given
$14.4M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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