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
Among its reported 2024 grants, the largest include Maine Center for Entrepreneurs ($762,947), Educate Maine ($375,846), Coastal Enterprises Inc ($351,121).
| Recipient | Purpose | Amount |
|---|---|---|
| MAINE CENTER FOR ENTREPRENEURS PORTLAND, ME | AWARD TO INVEST IN BUSINESS ACCELERATION PROGRAMS DELIVERED BY MAINE CENTER FOR ENTREPRENEURS TO MAINE FOOD, BIOSCIENCE AND FOOD TECH COMPANIES | $762,947 |
| EDUCATE MAINE PORTLAND, ME | AWARD TO EDUCATE MAINE TO INVEST IN PROVIDING EXPERIENTIAL PROGRAMS TO ATTRACT YOUNG PROFESSIONALS TO PURSUE CAREERS IN MAINE | $375,846 |
| COASTAL ENTERPRISES INC BRUNSWICK, ME | AWARD TO COASTAL ENTERPRISES, INC TO INVEST IN BUSINESS GROWTH AND EXPANSION OF MAINE FOOD COMPANIES | $351,121 |
| MAINE AQUACULTURE ASSOCIATION HALLOWELL, ME | TO SUPPORT THE STATE'S AQUACULTURE INDUSTRY BY PROVIDING WORKFORCE DEVELOPMENT, BUSINESS PLANNING RESOURCES, COMMUNICATIONS AND MARKETING, AND GUIDANCE TO HELP GROWERS BUILD SUSTAINABLE AND SUCCESSFUL OPERATIONS. | $215,870 |
| NORTHEASTERN UNIVERSITY BOSTON, MA | AWARD TO NORTHEASTERN UNIVERSITY TO SUPPORT THE DEVELOPMENT OF A LIFE SCIENCE PROFESSIONAL NETWORK AND ASSET MAP | $123,848 |
| NEW ENGLAND OCEAN CLUSTER LLC PORTLAND, ME | AWARD TO NEW ENGLAND OCEAN CLUSTER TO ATTRACT AND PROVIDE BUSINESS SUPPORT TO COMPANIES STARTING OPERATIONS IN MAINE | $63,768 |
| THIRD SECTOR NEW ENGLAND INC BOSTON, MA | AWARD TO ACHIEVE ACCELERATED GROWTH AND INVESTMENT IN THIRD SECTOR PROGRAMS | $28,180 |
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
Frequently Asked Questions
What is Foundation for a Strong Maine Economy?
Foundation for a Strong Maine Economy is a nonprofit organization focused on Community Improvement & Capacity Building, based in AUGUSTA, ME. It holds $2.2M in total assets as of 2024.
How large is Foundation for a Strong Maine Economy?
As of 2024, Foundation for a Strong Maine Economy holds $2.2M in total assets with $3.6M in annual revenue. It awarded 7 grants totaling $1.9M in 2024.
Where does Foundation for a Strong Maine Economy operate?
Foundation for a Strong Maine Economy has awarded grants in Massachusetts, Maine.
What size grants does Foundation for a Strong Maine Economy award?
In 2024, Foundation for a Strong Maine Economy awarded 7 grants totaling $1.9M — an average of about $275K per grant, based on its IRS Form 990 filings.
What is Foundation for a Strong Maine Economy's EIN?
Foundation for a Strong Maine Economy's EIN (Employer Identification Number) is 30-0036992. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Foundation for a Strong Maine Economy's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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