Maine Center for Enterprise Development

Other organization based in Portland, ME. 4 employees. Exempt under §501(c)(3).

MissionTO CREATE HIGH QUALITY JOBS FOR MAINE THROUGH BEST PRACTICE INCUBATIONS SERVICES THAT SYSTEMATICALLY ASSIST NEW BUSINESSES WITH INTELLECTUAL PROPERTY AND BUSINESS PLAN NEEDS, R&D ACTIVITIES, EARLY STAGE FINANCING AND PRODUCT COMMERCIALIZATION.

Financial snapshot · TY 2024

$1.4M
Total revenue
$1.4M
Total expenses
$319K
Net assets

Financial health · TY 2024

25
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
4
0.8 months of expenses
Program efficiency
55
72.1% spent on programs
Revenue diversity
4
Mix of program fees, grants & contributions

Leadership compensation

Thomas Rainey
EXECUTIVE DIRECTOR
$184,755
87th percentile vs. peers

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Maine Center for Enterprise Development Executive Compensation | 990 Data | DoubleNine