Maine Technology Institute
The Institute, through a public and private partnership, shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in Maine's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people. The Institute is one element of Maine's economic development strategy and will contribute to the long-term development of a statewide research, development and product deployment infrastructure.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$29.2M
+31.0% YoY
Annual Giving
$17.0M
-44.7% YoY
Grant Count
129
-46.9% YoY
Avg Grant Size
$132K
+4.2% YoY
Go deeper than public filings
PRO- Giving trend analysis — growing or declining?
- Organizations like yours that won grants here
- Strategic fit assessment for your organization
- Application timing recommendations
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,202,613 | $22,300,505 | $19,619,742 |
| Revenue | $22,492,763 | $36,158,450 | $14,853,693 |
| Expenses | $21,984,308 | $35,498,648 | $15,091,479 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $696,274 | $392,679 | $166,670 |
| 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 10 recipients in 2024
Grant Size Distribution
851 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Maine Technology Institute fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
- Similar orgs that won grants here
- GrantGraph™ relationship mapping
- 11M+ connections in GrantGraph™
Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jake Ward | Secretary | 2 | — |
| Amberlynn Esperanza | Treasurer | 2 | — |
| Melissa LaCasse | Chair | 2 | — |
| Jed Beach | Director | 2 | — |
| Dan Belyea | Director | 2 | — |
| Michael Cassata | Director | 2 | — |
| Heather Johnson | Director | 2 | — |
| Meredith Mendelson | Director | 2 | — |
| Rob Pierson | Director | 2 | — |
| Ian Swanberg | Director | 2 | — |
| Susan Tapley | Director | 2 | — |
| John Pavan | Past Director | 2 | — |
| Brian Whitney | President | 40 | — |
| Gregory N Lee | Director of Finance & Administration | 40 | $115,233 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
What could you do with Maine Technology Institute on Grantable?
- Assess strategic fit with your organization
- Get AI-generated opportunity briefs
- Monitor for new funding opportunities
- Draft a tailored letter of inquiry