Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990.
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
Finances projects to boost community development for low-income Mainers.
Questions for Mainestream Finance
Your first name shows with your question. Mainestream Finance answers here, for everyone.
Loan Servicing
Mainestream finance provides loans, education, and services to assist individuals to start small businesses and assist existing small businesses to grow. Assistance includes finance review, assistance with a business plan, foreclosure, debt management, budget and business cash flow counseling.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported: a weakness in money controls.
The auditor reported: a material weakness in money controls.
The auditor reported: a weakness in money controls.
The auditor reported no findings.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.7M | $2.0M |
| InvestmentsLn 11–13 | $145K | $145K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $6.9M | $7.5M |
| LiabilitiesLn 26 | $4.2M | $4.6M |
| Net assetsLn 32 | $2.7M | $2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $72K | $65K | $7K | |
| Other employee benefitsLn 9 | $7K | $7K | ||
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $25K | $25K | ||
| Other fees for servicesLn 11g | $7K | $586 | $7K | |
| Advertising and promotionLn 12 | $13K | $1K | $12K | |
| Office expensesLn 13 | $27K | $24K | $3K | |
| Information technologyLn 14 | $13K | $1K | $12K | |
| OccupancyLn 16 | $38K | $36K | $2K | |
| TravelLn 17 | $317 | $317 | ||
| InterestLn 20 | $159K | $158K | $2K | |
| InsuranceLn 23 | $5K | $428 | $5K | |
| Other expenses (24a–d)Ln 24 | $93K | $89K | $4K | |
| All other expensesLn 24e | $44K | $8K | $35K | |
| Total functional expensesLn 25 | $507K | $390K | $117K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Aug 5, 2026 | $505K | $558K | −$53K | $2.8M | 990 PDF |
| FY2024 ViewingFiled with the IRS Aug 15, 2025 | $615K | $507K | $108K | $2.8M | 990 PDF |
| FY2023Filed with the IRS Aug 15, 2024 | $485K | $584K | −$99K | $2.7M | 990 PDF |
| FY2022Filed with the IRS Aug 14, 2023 | $1.4M | $643K | $799K | $2.8M | 990 PDF |
| FY2021Filed with the IRS Aug 5, 2022 | $1.6M | $702K | $890K | $2.0M | 990 PDF |
| FY2020Filed with the IRS Aug 10, 2021 | $659K | $614K | $45K | $1.1M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $615,035 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $615,035 across 5 lines filed
Part IX · Statement of functional expenses $506,727 across 14 lines filed
Part X · Balance sheet $7,474,375 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,844,577 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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