Maine Resource Development Corp

IRS exemption revoked

Windham, MEPrivate foundation / grantmaker EIN 01-0358145Revenue $739K in FY2022Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSWindham, ME

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FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990-PF
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $48K a year · 7% of revenue · last 3 filings
A surplus in 0 of the last 3 filings.
990-PF Pt I · 3 filings
0.5 mo
of spending, in cash
0.5 months of spending in cash.
990-PF Pt II · Ln 1–2 · Pt I · Ln 26
Liabilities
$395K
326% of total assets
Liabilities are 326% of assets.
990-PF Pt II · Ln 23
Revenue
$739K
+18% vs prior year
Spent
$748K
Net assets
−$273K
By yearFY2020–FY2022
Revenue
$739K
FY2022▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$589K
FY2021$627K
FY2022$739K
Expenses
$748K
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$688K
FY2021$664K
FY2022$748K
Net assets
−$273K
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020−$227K
FY2021−$264K
FY2022−$273K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

IRS revoked this organization's tax-exempt status on November 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $748K

Form 990-PF Part I, lines 24–26. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990-PF.

990-PF Part VIII · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize 990-PF Part VIII
$0990-PF Pt VIII
Director
$0990-PF Pt VIII
Former Executive Director
$0990-PF Pt VIII
See Maine Resource Development Corp executive salaries →

Programs and updates

A private foundation based in Windham, ME.

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By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$739K
Other income$655K
Gifts and grants$84K
Money out
$748K
Running costs$748K
Owns and owes
−$273K
net assets
Cash and savings$34K
Total assets$121K
Liabilities$395K
People
3
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$84K
Other income$655K
Total revenue$739K
Assets in detailEnd of year
Cash and savings together$34K
Total assets$121K
Liabilities$395K
Net assets−$273K
Operations
Fiscal year endsJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 14, 2022 $739K$748K−$9K−$273K 990 PDF
FY2021Filed with the IRS Feb 28, 2022 $627K$664K−$37K−$264K 990 PDF
FY2020Filed with the IRS Jan 30, 2021 $589K$688K−$99K−$227K 990 PDF

Schedules filed Part IV

G · Fundraising L · Interested persons R · Related orgs

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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