Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $156K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Thomas Rainey | $181,262 | — | $162,304 | — | — |
| Tom Rainey | — | $154,289 | — | $141,592 | $155,637 |
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.
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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 15aNo
Programs and updates
Trains and mentors aspiring entrepreneurs to build successful businesses.
Questions for Maine Center for Enterprise Development
Your first name shows with your question. Maine Center for Enterprise Development answers here, for everyone.
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Mce provides programming to help entrepreneurs launch and grow their maine businesses. Top gun is a startup accelerator serving all sectors across maine. Mce's food programs, cultivator and marketshare, help companies scale up and diversify their markets through business and sales data analysis.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $199K | $221K |
| Total assetsLn 16 | $231K | $293K |
| LiabilitiesLn 26 | $274K | $283K |
| Net assetsLn 32 | −$43K | $11K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $30K | $30K | ||
| Pay of current officers, directors and key staffLn 5 | $163K | $129K | $35K | |
| Other salaries and wagesLn 7 | $94K | $74K | $20K | |
| Pension plan contributionsLn 8 | $6K | $5K | $1K | |
| Other employee benefitsLn 9 | $51K | $40K | $11K | |
| Payroll taxesLn 10 | $23K | $18K | $5K | |
| Legal feesLn 11b | $2K | $2K | ||
| Other fees for servicesLn 11g | $298K | $252K | $46K | |
| Advertising and promotionLn 12 | $5K | $5K | ||
| Office expensesLn 13 | $4K | $4K | ||
| OccupancyLn 16 | $20K | $20K | ||
| TravelLn 17 | $4K | $3K | $96 | |
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $115K | $107K | $8K | |
| Total functional expensesLn 25 | $818K | $658K | $159K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.4M | $1.4M | $9K | $90K | 990 PDF |
| FY2023 | $1.4M | $1.3M | $28K | $81K | 990 PDF |
| FY2022 | $962K | $1.0M | −$58K | $53K | 990 PDF |
| FY2021 | $1.1M | $953K | $100K | $111K | 990 PDF |
| FY2020 Viewing | $871K | $818K | $54K | $11K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $871,455 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 4 to look at
Part VIII · Statement of revenue $871,455 across 5 lines filed
Part IX · Statement of functional expenses $817,716 across 14 lines filed
Part X · Balance sheet $293,278 assets, 10 lines filed
Part XI · Reconciliation of net assets $10,662 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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