EIN 30-0036992

Focusmaine

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Augusta
State
Year formed
2002
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Focusmaine supports and strengthens the Maine economy through research, education, and communication. Its mission is to promote a strong Maine economy and enhance the business climate in Maine. As a private sector-led initiative, Focusmaine invests in three of Maine's most globally competitive and high-growth fields: agriculture, aquaculture, and biopharmaceuticals. The organization focuses on creating quality jobs that can be traded.
Related structure
Focusmaine is a subordinate organization under Maine State Chamber of Commerce.
Also known as...
Foundation for A Strong Maine Economy
Total revenues
$3,241,469
2023
Total expenses
$3,480,305
2023
Total assets
$2,200,914
2023
Num. employees
5
2023

Program areas at Focusmaine

Focusmaine is A private sector-led initiative to accelerate the creation of quality jobs in Maine by investing in three of Maine's most globally competitive and high-growth fields: agriculture, aquaculture, and biopharmaceuticals. We focus on traded jobs, which are created by selling Maine's goods and services outside of the state and which have A job multiplier effect in the local Economy. [continued on schedule o]agriculture and aquaculture - Focusmaine supports and scales small and medium businesses in production, sales & marketing, and finance and planning while building A national reputation and affinity for high-quality Maine food. This program supports business growth plans by stage and needs and helps Maine businesses sell more of their food products outside of the state. Workforce development is also A critical component of this effort.biopharmaceuticals - our role is to establish Maine as the preferred development and manufacturing partner to the world's leading life sciences r&d center in boston/cambridge. This strategy focuses on building an attraction pipeline of biopharma and lab companies interested in calling Maine home and on building the workforce that can help support industry expansion.skills & talent - Focusmaine helps our signature industries attract, train and retain the talent they need today and build the talent pipeline they need for tomorrow. The Focusmaine internship program is A cornerstone of this effort, connecting hundreds of career-ready professionals with jobs and with development opportunities.

Grants made by Focusmaine

GranteeGrant descriptionAmount
Maine Center for EntrepreneursAward To Invest in Business Acceleration Programs Delivered By Maine Center for Entrepreneurs To Maine Food, Bioscience and Food Tech Companies$867,935
Coastal Enterprises (CEI)Award To Coastal Enterprises, Inc To Invest in Business Growth and Expansion of Maine Food Companies$381,934
Educate MaineAward To Educate Maine To Invest in Providing Experiential Programs To Attract Young Professionals To Pursue Careers in Maine$360,110
...and 5 more grants made

Who funds Focusmaine

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Harold Alfond FoundationFocusmaine Support - Catalyzing Jobs Where Maines Assets Meet Global Trends$4,332,476
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$53,000
Point32health FoundationPromote Diversity Me Food Programs$50,000
...and 4 more grants received

Personnel at Focusmaine

NameTitleCompensation
Michael BourquePresident and Chief Executive Officer the Memic Group$0
Jay DearbornChief Strategy Officer
Charles E. Hewett, PHDExecutive Director
Leo WaterstonProgram Director
Joanna BenoitFinance , Grants , and Administration Manager
...and 8 more key personnel

Financials for Focusmaine

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,218,835
Program services$0
Investment income and dividends$21,209
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,425
Total revenues$3,241,469

Form 990s for Focusmaine

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-29990View PDF
2022-122023-08-08990View PDF
2021-122022-07-07990View PDF
2020-122021-10-06990View PDF
2019-122021-02-24990View PDF
...and 6 more Form 990s

Organizations like Focusmaine

OrganizationLocationRevenue
Fund for Our Economic Future of Northeast OhioCleveland, OH$5,222,809
Seattle Good Business NetworkSeattle, WA$1,867,849
Memphis TomorrowMemphis, TN$952,639
Center on Rural InnovationHartland, VT$6,043,680
Bluetide Puerto RicoSan Juan, PR$6,094,144
Institute for Washingtons FutureBellingham, WA$1,798,815
Synapse FloridaTampa, FL$1,510,825
South Carolina Association for Community Economic DevelopmentCharleston, SC$4,086,282
Columbia Pacific Economic Development DistrictSt Helens, OR$2,960,651
Initiative FoundationLittle Falls, MN$10,031,903
Data update history
November 3, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Received grants
Identified 2 new grant, including a grant for $20,000 from Sam L Cohen Foundation
May 25, 2024
Updated personnel
Identified 5 new personnel
May 19, 2024
Received grants
Identified 5 new grant, including a grant for $4,332,476 from Harold Alfond Foundation
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from The Blackbaud Giving Fund
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsPartially liquidatedState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
128 State St Suite 101
Augusta, ME 04330
County
Kennebec County, ME
Website URL
focusmaine.org//?s=foundation+for+a+strong 
Phone
(207) 623-4568
IRS details
EIN
30-0036992
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Subordinate organization
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