Foundation for a Strong Maine Economy

AUGUSTA, ME EIN: 30-0036992 Website

FOCUSMAINE PROPELS THE GROWTH OF MAINE'S MOST PROMISING INDUSTRIES AND TRANSFORMS MAINE INTO A HUB FOR TOP TALENT.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$2.2M

+0.4% YoY

Annual Giving

$1.9M

-7.8% YoY

Grant Count

7

-61.1% YoY

Avg Grant Size

$275K

+137.1% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$977K$2M$3M$4M20202021202220232024
Metric202420232022
Total Assets$2,209,867$2,200,914$5,180,935
Revenue$3,551,496$3,241,469$2,195,380
Expenses$3,262,841$3,480,305$2,258,589
Qualifying Distributions
Net Investment Income$76,982$21,209$62,704
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$521K$1M$2M$2M12 grants20207 grants20214 grants202218 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

MAINE CENTER FOR ENTREPR…$763KEDUCATE MAINE$376KCOASTAL ENTERPRISES INC$351KMAINE AQUACULTURE ASSOCI…$216KNORTHEASTERN UNIVERSITY$124KNEW ENGLAND OCEAN CLUSTE…$64KTHIRD SECTOR NEW ENGLAND…$28K

Grant Size Distribution

48 grants across all recorded years

17<$50K5$50–100K12$100–250K9$250–500K5$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Foundation for a Strong Maine Economy fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

ANDREA MAKERPRESIDENT, CO-CHAIR & CO-FOU…$192KLEO WATERSTONPROGRAM DIRECTOR$139K

From 2024 filing

NameTitleHoursCompensation
ANDREA MAKERPRESIDENT, CO-CHAIR & CO-FOUNDER40$192,427
MICHAEL BOURQUETREASURER1
JOHN FITZSIMMONSSECRETARY1
AMANDA RECTOR BLAZEKMEMBER1
DANA CONNORSMEMBER1
JAY DEARBORNMEMBER1
MICHAEL DUBYAKMEMBER1
JOAN FERRINI-MUNDYMEMBER1
ED MCKERSIEMEMBER1
KRISTEN MIALEMEMBER1
PATRICK WOODCOCKMEMBER1
LEO WATERSTONPROGRAM DIRECTOR40$138,556

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

2states

Cities

BiddefordBostonBrunswickBurlingtonFalmouthFreeportHallowellIslesboroPhippsburgPortlandWalpoleWestbrookWiscasset

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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