Foundation For A Strong Maine Economy
Only null% goes to programs Growing revenue
Foundation For A Strong Maine Economy is a 501(c)(3) organization based in Augusta, Maine, registered in 2014, with $3,551,496 in FY2024 revenue. CharityIndex grades it B.
125 Community Drive, Augusta, ME, 04330 EIN 30-0036992 Since 2014
Revenue (FY2024)
$3.6M
▲ 9.6% vs prior year
Community median: $184K
Expenses (FY2024)
$3.3M
Net assets
$731K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Foundation For A Strong Maine Economy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Foundation For A Strong Maine Economy: 3 mo reserves · +8% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Foundation For A Strong Maine Economy— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Foundation For A Strong Maine Economy: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 125 Community Drive, Augusta, ME, 04330
- City
- Augusta
- State
- Maine
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $1.2M (FY2017) to $3.6M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.5MNet assets $731K
Operating margin
8.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2M
Total liabilities
$1.5M
Net assets
$731K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,551,496▲9.6% | $3,262,841▼6.2% | $731,109▲66.8% | $2,209,867▲0.4% | 990 |
| 2023 | $3,241,469▲47.6% | $3,480,305▲54.1% | $438,359▼34.3% | $2,200,914▼57.5% | 990 |
| 2022 | $2,195,380▼12.0% | $2,258,589▼0.1% | $666,931▼8.7% | $5,180,935▲228% | 990 |
| 2021 | $2,495,070▼9.9% | $2,260,941▼13.9% | $730,140▲47.2% | $1,579,094▼3.5% | 990 |
| 2020 | $2,768,567▲40.4% | $2,626,801▲17.5% | $496,011▲40.0% | $1,636,067▼29.0% | 990 |
| 2019 | $1,972,183▲19.0% | $2,235,133▲42.5% | $354,245▼42.6% | $2,303,495▼13.4% | 990 |
| 2018 | $1,657,929▲36.0% | $1,568,834▲27.4% | $617,195▲554% | $2,661,284▲330% | 990 |
| 2017 | $1,218,700 | $1,231,891 | $94,415 | $619,322 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $490K total
19 grants to Foundation For A Strong Maine Economy totaling $490K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jackson Laboratory | General support | 2024 | $16,000 |
| World Wildlife Fund Inc | Conservation | 2024 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $64,500 |
| A Mainehealth Hcsr | Contribution | 2023 | $25,000 |
| American Online Giving Foundation Inc | General support | 2023 | $20,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $10,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $53,000 |
| The Blackbaud Giving Fund | General support | 2022 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $55,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $55,100 |
| Northeastern University | Sub-award | 2021 | $46,755 |
| Maine Community Foundation Inc | Social science | 2021 | $14,900 |
| A Mainehealth Hcsr | Pgrm support | 2020 | $25,000 |
| A Mainehealth Hcsr | Program support | 2019 | $25,000 |
| Maine Community Foundation Inc | Social science | 2019 | $9,600 |
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Compare Foundation For A Strong Maine Economy
Frequently asked questions
- Is Foundation For A Strong Maine Economy a legitimate nonprofit?
- Yes. Foundation For A Strong Maine Economy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 30-0036992, based in Augusta, Maine. Donations are tax-deductible.
- What is Foundation For A Strong Maine Economy's EIN?
- Foundation For A Strong Maine Economy's Employer Identification Number (EIN) is 30-0036992.
- How much revenue does Foundation For A Strong Maine Economy report?
- Foundation For A Strong Maine Economy reported $3,551,496 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Foundation For A Strong Maine Economy have?
- CharityIndex grades Foundation For A Strong Maine Economy B, based on financial health (reserves and operating margin).
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Data for Foundation For A Strong Maine Economy (EIN 30-0036992) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.