53
Maine Development Foundation
Community Development · Augusta, Maine
Po Box 3, Augusta, ME 04332-0003
EIN: 010355563· Founded: Aug 1978· 48 years active· Filing Year: 2023
Annual Revenue
$3.2M
Total Expenses
$3.4M
Total Assets
$1.2M
Program Spending
36%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$182K
5.4% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.1M
Total Payroll
$1.2M
37% of total expenses
Where the Money Goes
36%
Programs: 36%
Payroll: 37%
Other overhead: 64%
Program Revenue$1.2M (39%)
Total Expenses$3.4M (100%)
Payroll$1.2M (37%)
Overhead (non-program)64%
Trust Score Breakdown
Program Spending Ratio
36% of expenses go to programs
Revenue & Stability
$3.2M annual revenue
Executive Compensation
$182K total officer comp (5.4% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$1.2M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.