Overview
What is Maine Development Foundation?
The Maine Development Foundation, situated at 2 Beech Street Suite 203, Hallowell, ME 04347, is a nonprofit organization dedicated to promoting economic growth in Maine. Their primary mission is to foster sustainable, long-term economic development, with a focus on downtown revitalization. This involves stimulating innovative ideas, developing future leaders, and serving as a platform for addressing critical issues and advancing important causes. Their activities result in stimulating business growth, job creation, housing improvement, historic preservation, and cultural enrichment in the state. With a staff of 19 individuals, the Maine Development Foundation plays a significant role in shaping Maine's economic landscape by encouraging community-based development.
Official website here: www.mdf.org
Is Maine Development Foundation legitimate?
Maine Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $171,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $973,665
For more financial information, click here
Official website here: www.mdf.org
What is the mission statement of Maine Development Foundation?
The Maine Development Foundation's mission is centered around fostering sustainable, long-term economic growth in an unspecified setting. Their activities include stimulating innovative ideas, nurturing leaders, and serving as a platform for resolving challenges and advancing significant issues. The organization's programs are designed to revitalize downtown areas, promoting dynamic and community-driven development. This approach leads to economic growth, business expansion, job creation, housing renovation, historical preservation, and cultural enrichment.
Official website here: www.mdf.org
Who is the CEO of Maine Development Foundation?
Yellow Breen is the Treasurer of Maine Development Foundation. The CEO's salary of Maine Development Foundation is $171,862 and their total compensation is $202,712.
Official website here: www.mdf.org
What is the revenue of Maine Development Foundation?
Who are the executives of Maine Development Foundation and what are their salaries?
The average compensation at Maine Development Foundation during 2022 was $60,291. There are 19 employees and 150 volunteers at Maine Development Foundation.
Here are 17 key members and their salaries (Maine Development Foundation's CEO's salary is $171,862 and their total compensation is $202,712):
- Yellow Light Breen (President & Ceo)
- Jan A Kearce (Sr Team Leader)
- Amy Landry (Treasurer) [Trustee/Director]
- Carlos Mello (Director)
- Catherine Wygant Fossett (Director)
- Deborah Johnson (Director)
- Eric Soelberg (Director)
- Hannah Carter (Director)
- Joy Barresi Saucier (Chair) [Trustee/Director]
- Linda Ball (Director)
- Lisa Sockabasin (Director)
- Lori Dwyer (Director)
- Rick C Leonard (Director)
- Thomas Francoeur (Vice Chair) [Trustee/Director]
- Theresa Cody (Director)
- Michael Mckernan (Director)
- Adam Shub (Director)
Official website here: www.mdf.org
Where can I find the form 990 for Maine Development Foundation?
The Maine Development Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mdf.org
Learn more at the official website: www.mdf.org
Mission Statement of Maine Development Foundation
The Maine Development Foundation, established with the aim of promoting economic growth in the State of Maine, carries out its mission by fostering sustainable, long-term economic development. The organization stimulates new ideas, plays a crucial role in developing future leaders, and serves as a platform for addressing and solving problems related to economic growth and important issues. Through its programs, Maine Development Foundation encourages a community-driven approach to downtown revitalization, leading to economic development, business growth, job creation, housing renovation, historic preservation, and cultural enrichment. The Maine Downtown Center, a significant component of the foundation, works towards assisting downtowns in their revitalization efforts, promoting dynamic and locally-oriented development that contributes to economic growth and community development.
Impact
This information is meant to be a general summary of Maine Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Maine Development Foundation promotes economic growth in the State of Maine by supporting downtown revitalization efforts through programs like the Maine Downtown Center. This focus on dynamic and community-based development has led to economic development, business growth, job creation, housing revitalization, historic preservation, and cultural enhancement in downtown areas across the state. The foundation's overall mission is to foster sustainable, long-term economic growth in Maine by stimulating new ideas, developing leaders, and providing a platform for problem-solving and advancing important issues.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Income
Revenue
$846,669
Program Fees
Revenue
$282,451
Organization Details
Founding Year
1978
Phone
(207) 622-6345
Principal Officer
Yellow Breen
Main Address
2 Beech Street Suite 203, Hallowell, ME, 04347
Website
www.mdf.org
NTEE Category
Code: S30Z - Community improvement
If you are a representative of Maine Development Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.