Maine & Company is a private, non-profit business development sales organization. Its purpose is to improve Maine's success in attracting new business and expanding and retaining existing business by providing a focused, statewide sales effort done in collaboration with the public/private partners in economic development.

100¢ of each $1 spent went to programs.
Run by 33 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$183K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$829K
+28% vs prior year
Spent
$769K
To programs
100%
Net assets
$452K
By yearFY2020–FY2025
Revenue
$829K
FY2025▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2020$681K
FY2021$599K
FY2022$628K
FY2023$647K
FY2024$645K
FY2025$829K
Expenses
$769K
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$680K
FY2021$585K
FY2022$600K
FY2023$614K
FY2024$748K
FY2025$769K
Net assets
$452K
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$419K
FY2021$433K
FY2022$461K
FY2023$496K
FY2024$394K
FY2025$452K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1996.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $769K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

34 people listed on the 990; $183K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President & CEO
$182,654Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Peter Delgreco$182,654$165,500$180,000$154,361$165,769$142,865

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Maine & Company executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Attracts and expands businesses in Maine through a collaborative statewide sales effort.

Questions for Maine & Company

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Your first name shows with your question. Maine & Company answers here, for everyone.

Provided by the organization

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1 program · $769K · in their own filed words · FY2024
01

Improve Maine's success in attracting new business and expanding business by providing a statewide sales effort done in collaboration with public and private partners in economic development.

$769Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$829K
Ln 12
Gifts and grantsLn 1h$811K
Investment incomeLn 3$16K
Other incomeLn 4–11$2K
Money outPt IX
$769K
Ln 25
Programscol B$769K
Owns and owesPt X
$452K
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$469K
LiabilitiesLn 26$17K
PeoplePt VI, VII
34
listed · VII A
PaidVII A1
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$811K
Government grantsLn 1e$100K
Fundraising eventsLn 1c$9K
Investment incomeLn 3$16K
Other incomeLn 4–11$2K
Total revenueLn 12$829K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$232K
Cash and savings togetherLn 1–2$298K
InvestmentsLn 11–13$167K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$469K
LiabilitiesLn 26$17K
Net assetsLn 32$452K
OperationsPt I, VI
EmployeesI 55
VolunteersI 633
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$91K$298K
InvestmentsLn 11–13$319K$167K
Land, buildings, equipmentLn 10c$2K$3K
Total assetsLn 16$411K$469K
LiabilitiesLn 26$17K$17K
Net assetsLn 32$394K$452K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$208K
Other salaries and wagesLn 7$288K
Other employee benefitsLn 9$58K
Payroll taxesLn 10$36K
Legal feesLn 11b$860
Accounting feesLn 11c$8K
Other fees for servicesLn 11g$39K
Advertising and promotionLn 12$35K
Office expensesLn 13$4K
Information technologyLn 14$798
OccupancyLn 16$24K
TravelLn 17$31K
Conferences, conventions and meetingsLn 19$170
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$33K
All other expensesLn 24e$469
Total functional expensesLn 25$769K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $829K$769K$60K$452K 990 PDF
FY2024 $645K$748K−$103K$394K 990 PDF
FY2023 $647K$614K$33K$496K 990 PDF
FY2022 $628K$600K$28K$461K 990 PDF
FY2021 $599K$585K$14K$433K 990 PDF
FY2020 $681K$680K$2K$419K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $828,885 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $629,469$811,011
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,161$16,194
I-11 Other revenuePrior year $531$1,680
I-12 Total revenuePrior year $645,161$828,885
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $550,593$589,918
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $197,472$179,310
I-18 Total expensesPrior year $748,065$769,228
I-19 Revenue less expensesPrior year −$102,904$59,657
Part VI · Governance 33 of 33 board members independent, 3 to look at
VI-1a Voting members of the governing body33
VI-1b Independent voting members33
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $828,885 across 9 lines filed
VIII-1b Membership dues$692,250
VIII-1c Fundraising events$9,355
VIII-1e Government grants$100,000
VIII-1f All other contributions, gifts and grants$9,406
VIII-1h Total contributions, gifts and grants$811,011
VIII-3 Investment incomeExcluded from tax $16,194$16,194
VIII-6 Net rental income or lossRelated to mission $1,680$1,680
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,680 · Unrelated business $0 · Excluded from tax $16,194$828,885
Part IX · Statement of functional expenses $769,228 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$208,000
IX-7 Other salaries and wages$288,122
IX-9 Other employee benefits$57,583
IX-10 Payroll taxes$36,213
IX-11b Legal fees$860
IX-11c Accounting fees$7,996
IX-11g Other fees for services$38,780
IX-12 Advertising and promotion$34,902
IX-13 Office expenses$3,977
IX-14 Information technology$798
IX-16 Occupancy$24,357
IX-17 Travel$31,341
IX-19 Conferences, conventions and meetings$170
IX-22 Depreciation, depletion and amortization$1,661
IX-23 Insurance$1,258
IX-24 Other expenses (24a–d)$32,741
IX-24e All other expenses$469
IX-25 Total functional expenses$769,228
Part X · Balance sheet $469,082 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $45,370$65,561
X-2 Savings and temporary cash investmentsStart of year $45,329$232,489
X-4 Accounts receivableStart of year $0$655
X-10c Land, buildings and equipment, netStart of year $1,582$2,958
X-12 Other securitiesStart of year $318,644$167,419
X-16 Total assetsStart of year $410,925$469,082
X-17 Accounts payable and accrued expensesStart of year $16,523$16,643
X-26 Total liabilitiesStart of year $16,523$16,643
X-27 Net assets without donor restrictionsStart of year $394,402$452,439
X-32 Total net assets or fund balancesStart of year $394,402$452,439
X-33 Total liabilities and net assetsStart of year $410,925$469,082
Part XI · Reconciliation of net assets $452,439 net assets at year end
XI-1 Total revenue$828,885
XI-2 Total expenses$769,228
XI-3 Revenue less expenses$59,657
XI-4 Net assets at start of year$394,402
XI-5 Net unrealized gains (losses) on investments−$1,620
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$452,439

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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