Public Charity

MAINESTREAM FINANCE

MAINESTREAM FINANCE, of BANGOR, ME, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $615K in revenue, $507K in expenses, $7.5M in total assets. 7 publicly reported grants to this organization, totaling roughly $522K, appear in IRS filings.

EIN: 010539222 BANGOR, ME Latest filing: 2024
Total Revenue$615K
Total Expenses$507K
Total Assets$7.5M
Grant Records7
Funding Total$522K
Filing Years2020–2024

Mission

TO PROMOTE COMMUNITY DEVELOPMENT AND PERFORM ALL FUNCTIONS PERMITTED AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PRIMARILY THROUGH FINANCING ACTIVITIES, SERVING THE LOW INCOME TARGETED POPULATION OF THE STATE OF MAINE.

Officers & Directors

DIRECTOR Brent Folster
DIRECTOR Danielle Hewes
CHIEF FINANCIAL OFFICER Denice Conary
DIRECTOR Harvey Gosselin Iii
CHIEF OPERATING OFFICER Heidi Leblanc
CHIEF EXECUTIVE OFFICER Kara Hay

Officer compensation and complete director data available with membership.

Top Grant Purposes

Forgiveness of Debt
$230,000 2 grants
OPERATING GRANT
$150,000 1 grant
Forgiveness of Debt and pass-through grant
$118,000 1 grant
Small Business Development
$16,000 2 grants
Charitable Donation
$7,762 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $615K $507K $7.5M
2023 $485K $584K $6.9M
2022 $1.4M $643K $6.7M
2021 $1.6M $702K $6.9M
2020 $659K $614K $5.9M

Between 2020 and 2024, reported annual revenue declined from $659K to $615K (-7%), with total assets most recently reported at $7.5M.

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

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