Equality Maine Foundation EIN 01-0515357

Equality Maine Foundation

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Advocates for LGBTQ+ equality in Maine through organizing, education, and collaboration. For fiscal year 2024 it reported $678K in revenue, $701K in expenses, and $522K in net assets.Pt I

Founded
1998
Type
Public charity (501(c)(3)) · Human Services
Location
Portland, ME
Website
www.equalitymaine.org
Filings
5 on file (2020–2024)
Revenue
$678KFY2024
Expenses
$701K
Net assets
$522K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-0515357 Public charity (501(c)(3)) Portland, ME Founded 1998
Form 990 (PDF)
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Size
$100K–1M
What they do
Advocates for LGBTQ+ equality in Maine through organizing, education, and collaboration.
Leadership
Gia Drew · Executive Director · $90K
Money in and out
$678K revenue, $701K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$678K
Pt VIII · Ln 12
Total expenses
$701K
Pt IX · Ln 25
Net assets
$522K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.10 Fundraising $0.14
Program efficiency
76%
of spending reaches programs-0.2% vs prior filing year
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate▲ +21% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +92% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$678K
FY2024▲ +29%
Expenses
$701K
FY2024▼ -5%
Total assets
$522K
FY2024▲ +8%
Total liabilities
$99
FY20240%
Total revenue
$678K
Pt VIII · Ln 12
Total expenses
$701K
Pt IX · Ln 25
Net assets
$522K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$522K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $535K of program spending, described in the organization's own filed words · FY2024.
01

Community-Based Organizing

Resources are used to educate the public about LGBTQ+ issues; the organization's reach and engagement throughout Maine increases, and communication strategies are enhanced in order to reach new broader audiences.Network for Older Adults: A statewide program that supports, connects and advocates with LGBTQ+ older adults.

$535Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquality Maine Foundation
EINHdr · item D01-0515357
Principal addressHdr · item CPortland, ME
WebsiteHdr · item Jwww.equalitymaine.org
Year of formationHdr · item L1998
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFApr 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$90,072Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gia Drew’s $90K as Executive Director is at the 81st percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Gia Drew$90,072$89,186$80,077$55,709
Matt Moonen$71,476$57,504$51,458
Michael Coon$49,000

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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Statement of Revenue

Part VIII
Contributions & grants$651K · 96%
Program service revenue$22K · 3%
Investment income$6K · 1%
Contributions & grants96%$651K
Program service revenue3%$22K
Investment income1%$6K
Total revenueLn 12$678K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.10 Fundraising $0.14
Program services76%$535K
Management & general10%$70K
Fundraising14%$96K
Total functional expensesLn 25$701K

Balance Sheet

Part X · end of year
CashLn 1$223K
Total assetsLn 16$522K
Total liabilitiesLn 26$99
Total net assetsLn 32$522K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $499K · Operating expenses/yr $701K
8.6 months
Where the money goes
Program services
Program services $535K · Total expenses $701K
76%
Management & General
Management & general $70K · Total expenses $701K
10%
Fundraising
Fundraising $96K · Total expenses $701K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $90K · Solicited contributions (3-yr avg) $548K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $651K · Total revenue $678K
96%
Government reliance
Government grants — · Total revenue $678K
Earned-income share
Program service revenue $22K · Total revenue $678K
3%
Investment reliance
Investment income $6K · Total revenue $678K
+0.9%
Program self-sufficiency
Program service revenue $22K · Total expenses $701K
3%
Growth & trend
Revenue growth (YoY)
This year $678K · Prior year $526K
+29%
Revenue CAGR
FY2019 $439K · FY2024 $678K
+9%
Net-asset trend (YoY)
End of year $522K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $678K · Expenses $701K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $522K
Net-asset ratio
Net assets $522K · Total assets $522K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $276K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $522K
53%
People & payroll
Highest Reported Total Compensation
Individual Gia Drew · Reported title Executive Director · Highest reported compensation $90K · Total expenses $701K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $423K · Total expenses $701K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 10%
Fundraising cost ratio 15%
Revenue growth 29%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$526K revenue · ⤓ 990 PDF
FY2023$718K revenue · ⤓ 990 PDF
FY2022$479K revenue · ⤓ 990 PDF
FY2021$797K revenue · ⤓ 990 PDF
FY2020$439K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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