philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Upstart Maine INC

Tax-deductible

Orono, ME501(c)(3)Community DevelopmentEIN 81-3181065Revenue $236K in FY2024

On file with the IRSupstartmaine.org20 Godfrey Dr, 04473-3608 · Orono, METax-exempt since Oct 2016Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To provide education and outreach and increase public awareness in support of entrepreneurial programs in the greater bangor economic region to stimulate business innovation and entrepreneurship.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 20 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $109K a year · 44% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $118K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
-9% vs prior year
Spent
$177K
To programs
98%
Net assets
$290K
By yearFY2020–FY2024
Revenue
$236K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$107K
FY2021$89K
FY2022$55K
FY2023$259K
FY2024$236K
Expenses
$177K
FY2024▲ +75%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$101K
FY2024$177K
Net assets
$290K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$79K
FY2021$71K
FY2022$73K
FY2023$231K
FY2024$290K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2016.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $173K Management & general 2% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan McKay
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Jake Ward
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Renee Kelly
Alternate
$0Pt VII · Sec A
See Upstart Maine INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Promotes business innovation and entrepreneurship through education and public awareness.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $173K · in their own filed words · FY2024
01

Supported entrepeneurship by connecting scalable ventures with resources, customers, and each other.

$173Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Maine Technology InstituteFY2024$114K
The Casco Foundation C/O Spinnaker TrustFY2024$4K
Total grants receivedfrom 2 funders$118K
Grants paid · 1 grant · $10K · 2023–2023
Greenlight Maine Fund INCFY2023$9,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$236K
Ln 12
Gifts and grantsLn 1h$236K
Fees for servicesLn 2g$31
Money outPt IX
$177K
Ln 25
Programscol B$173K
Managementcol C$3K
Owns and owesPt X
$290K
net assets · Ln 32
Cash and savingsLn 1–2$290K
Total assetsLn 16$290K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Government grantsLn 1e$2K
Fees for servicesLn 2g$31
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$290K
Cash and savings togetherLn 1–2$290K
Total assetsLn 16$290K
LiabilitiesLn 26$0
Net assetsLn 32$290K
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$231K$290K
Total assetsLn 16$231K$290K
LiabilitiesLn 26$0$0
Net assetsLn 32$231K$290K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$58K$58K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$202$202
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$81K$81K
OccupancyLn 16$5K$5K
InsuranceLn 23$299$299
Other expenses (24a–d)Ln 24$25K$25K
Total functional expensesLn 25$177K$173K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $236K$177K$59K$290K 990 PDF
FY2023 $259K$101K$158K$231K 990 PDF
FY2022 $55K$73K 990 PDF
FY2021 $89K$71K 990 PDF
FY2020 $107K$79K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $235,581 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $258,485$235,550
I-9 Program service revenuePrior year $814$31
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $259,299$235,581
I-13 Grants and similar amounts paidPrior year $13,300$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,552$61,941
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $73,062$114,955
I-18 Total expensesPrior year $100,914$176,896
I-19 Revenue less expensesPrior year $158,385$58,685
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $235,581 across 5 lines filed
VIII-1e Government grants$2,100
VIII-1f All other contributions, gifts and grants$233,450
VIII-1h Total contributions, gifts and grants$235,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31$31
VIII-12 Total revenueRelated to mission $31 · Unrelated business $0 · Excluded from tax $0$235,581
Part IX · Statement of functional expenses $176,896 across 8 lines filed
IX-7 Other salaries and wagesPrograms $57,500$57,500
IX-10 Payroll taxesPrograms $4,441$4,441
IX-11b Legal feesManagement $202$202
IX-11c Accounting feesManagement $3,213$3,213
IX-11g Other fees for servicesPrograms $81,295$81,295
IX-16 OccupancyPrograms $4,503$4,503
IX-23 InsurancePrograms $299$299
IX-24 Other expenses (24a–d)Programs $25,443$25,443
IX-25 Total functional expensesPrograms $173,481 · Management $3,415 · Fundraising $0$176,896
Part X · Balance sheet $289,730 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $231,045$289,730
X-16 Total assetsStart of year $231,045$289,730
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $231,045$289,730
X-32 Total net assets or fund balancesStart of year $231,045$289,730
X-33 Total liabilities and net assetsStart of year $231,045$289,730
Part XI · Reconciliation of net assets $289,730 net assets at year end
XI-1 Total revenue$235,581
XI-2 Total expenses$176,896
XI-3 Revenue less expenses$58,685
XI-4 Net assets at start of year$231,045
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$289,730

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.