Maine Technology Institute
Maine Technology Institute reported $30.5 million in revenue and $29.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $95.55 went to program services, $4.45 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 94.7% of the total. Government grants made up 94.7%. The highest compensation it reported for one person was $196,196 (President). 1 person received more than $100,000 in reportable compensation. Revenue rose 11% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $30MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 94.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 94.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $196,196 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.66% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Maine Technology Institute (MTI) invests in promising technologies by funding research and development projects in the state's seven technology sectors. MTI's competitive awards bring new products, services and processes to the market, generating high-quality jobs across Maine. Businesses, non-profit organizations, academic institutions and entrepreneurs are eligible for funding under MTI's program, which is outlined below:Initial contact is made when those interested complete an online intake form. Meetings are established with entities proposing projects. Using an assessment tool, the…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Officer, 40.00 hrs/week | $0 | $139,651 | $56,545 | $196,196 |
| Director of Finance & Administration Officer, 40.00 hrs/week | $119,389 | $0 | $21,600 | $140,989 |
1 people received more than $100,000 in reportable compensation from Maine Technology Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $141K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 513
- Volunteers Part I, line 6120
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Visible Logic Marketing/Website Management | $108,925 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Maine Technology Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Maine Technology Institute, you can publish a response that is linked from this page.
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Of every $100 Maine Technology Institute spent in FY2025, $95.55 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- East-West Management InstituteNew York, NY · revenue $30M · programs 87.3% · 2024
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- St Coletta of WisconsinJefferson, WI · revenue $30M · programs 88.5% · FY2025
- Bastyr UniversityKenmore, WA · revenue $31M · programs 79.4% · FY2025
- Horatio Alger Assn of Distinguished AmericansAlexandria, VA · revenue $30M · programs 91.2% · 2024
Questions people ask
How much of Maine Technology Institute's spending goes to programs?
In the fiscal year ending June 30, 2025, Maine Technology Institute reported that 95.5% of its $29.9 million in expenses went to program services, 4.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Maine Technology Institute pay its top executive?
The largest total compensation Maine Technology Institute reported for one person in the fiscal year ending June 30, 2025 was $196,196, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Maine Technology Institute get its money?
Of $30.5 million in revenue in the fiscal year ending June 30, 2025, 94.7% came from contributions and grants (including 94.7% from government grants) and 2.9% from program service revenue (Form 990, Part VIII).
Is Maine Technology Institute a registered charity?
The IRS lists EIN 01-0529871 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349303236 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501349349305885 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401939349300830 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301119349301610 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211199349300821 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131039349300428 · read the filing
All filings for EIN 01-0529871: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.