Public Charity

Maine Development Foundation

Maine Development Foundation is a Public Charity headquartered in Augusta, ME. Financial data from the 2024 filing: $3.0M revenue, $3.0M expenses, $970K total assets. 24 publicly reported grants to this organization, totaling roughly $912K, appear in IRS filings.

EIN: 010355563 Augusta, ME Latest filing: 2024
Total Revenue$3.0M
Total Expenses$3.0M
Total Assets$970K
Grant Records24
Funding Total$912K
Filing Years2020–2024

Mission

The mission of the Maine Development Foundation is to foster sustainable, long-term economic growth for Maine. Its programs stimulate new ideas, help develop Maine's leaders, and provide common ground for solving problems and advancing important issues.

Officers & Directors

Director Adam Shub
Director Carlos Mello
Vice Chair Catherine Wygant Fossett
Director Dayton Benway
Director Deborah Johnson
Director Eric Soelberg

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$413,107 6 grants
CONSERVATION ACTIVITIES
$167,000 7 grants
ED/WF DEVELOPMENT
$93,129 2 grants
Forest economy applications
$72,393 2 grants
Economic Development, Energy Resources Conservation & Development
$70,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.0M $3.0M $970K
2023 $3.2M $3.4M $1.2M
2022 $2.8M $2.7M $1.9M
2021 $2.7M $2.8M $971K
2020 $2.5M $2.6M $1.6M

Between 2020 and 2024, reported annual revenue grew from $2.5M to $3.0M (+18%), with total assets most recently reported at $970K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Maine Development Foundation

Complete financials, all 24 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
7-day free trial Cancel any time