Mission
To provide the unique information, resources and networking opportunities to enable Maine's business-owning families to prosper and achieve their fullest potential.
Public Charity
Institute for Family-Owned Business
Institute for Family-Owned Business is a Public Charity headquartered in Portland, ME. Financial data from the 2025 filing: $335K revenue, $318K expenses, $199K total assets. 3 publicly reported grants to this organization, totaling roughly $32K, appear in IRS filings.
EIN: 262428220
Portland, ME
Latest filing: 2025
Total Revenue$335K
Total Expenses$318K
Total Assets$199K
Grant Records3
Funding Total$32K
Filing Years2020–2025
Sample Grants Received
EMPOWING FAMILY OWNED BUSINESSES
$9,355
BUSINESS SUPPORT SERVICES
$7,950
SMALL BUSINESS SUPPORT
$15,000
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
Executive Director
Catherine Wygant Fossett
Board Member
Charlie Zachau
Board Member
Christopher R Smith
Board Member
Christopher Wasileski
Board Member
David R Ciullo
Vice Chair
Deirdre Wadsworth
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $335K | $318K | $199K |
| 2024 | $305K | $297K | $188K |
| 2023 | $273K | $304K | $188K |
| 2022 | $293K | $324K | $218K |
| 2020 | $214K | $209K | $437K |
Between 2020 and 2025, reported annual revenue grew from $214K to $335K (+57%), with total assets most recently reported at $199K.
Interactive year-over-year charts and full filing details available with membership.