Overview
What is Maine Initiativesinc?
Maine Initiativesinc is a nonprofit organization situated in Portland, Maine, specifically at 56 North Street, dedicated to promoting social, economic, and environmental justice. By providing grants, they support Maine-based grassroots organizations that share their mission. Their goal is to elevate the visibility and impact of these organizations, contributing to positive change within Maine communities. With a team of 15 employees, Maine Initiativesinc serves as a crucial catalyst for fostering justice and equality in various aspects of Maine's society.
Official website here: www.maineinitiatives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
Maine Initiativesinc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in both accountability and financial management. With a score of 83% in Accountability & Finance and 17% in Culture & Community, the organization demonstrates a solid commitment to transparency and fiscal responsibility, highlighted by its independent board and effective financial oversight.
Strengths of the organization include a high percentage of independent board members, comprehensive financial audits, and strong program expense ratios, with over 82% of its expenses directed towards programs. Additionally, the organization excels in gathering and utilizing constituent feedback, achieving perfect scores across multiple feedback-related metrics, which reflects its dedication to community engagement and responsiveness.
However, the organization has noted some limitations in its policies, particularly the absence of a whistleblower policy and a document retention and destruction policy, which have resulted in lower scores in those areas. Despite these gaps, Maine Initiativesinc continues to maintain a positive reputation and effective practices, contributing to its overall success and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Initiativesinc legitimate?
Maine Initiativesinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Initiativesinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $128,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $796,667
For more financial information, click here
Official website here: www.maineinitiatives.org
What is the mission statement of Maine Initiativesinc?
Maine Initiatives, a fund for change, works towards fostering social, economic, and environmental justice by providing grants and other support to grassroots organizations in various communities. Their mission is to empower these organizations and elevate their impact, ensuring that their work in promoting justice gains visibility and traction. By offering financial aid and technical assistance, Maine Initiatives aims to strengthen these organizations, enabling them to effectively address the issues they are committed to resolving.
Official website here: www.maineinitiatives.org
Who is the CEO of Maine Initiativesinc?
Philip Walsh is the Executive Di of Maine Initiativesinc.
Official website here: www.maineinitiatives.org
What is the revenue of Maine Initiativesinc?
Maine Initiativesinc's revenue in 2022 was $2,709,270.
Official website here: www.maineinitiatives.org
Who are the executives of Maine Initiativesinc and what are their salaries?
The average compensation at Maine Initiativesinc during 2022 was $61,661. There are 15 employees and 43 volunteers at Maine Initiativesinc.
Here are 13 key members and their salaries:
- Compensation: $116,685
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- Other: $3,735
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Official website here: www.maineinitiatives.org
Where can I find the form 990 for Maine Initiativesinc?
Maine Initiativesinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maineinitiatives.org
Learn more at the official website: www.maineinitiatives.org
Mission Statement of Maine Initiativesinc
Maine Initiativesinc, a fund for change, is committed to fostering social, economic, and environmental justice in various communities. They achieve this by providing grants and other forms of support to grassroots organizations in Maine. By doing so, Maine Initiativesinc aims to uplift these organizations and amplify their work, contributing to a more equitable society. They offer technical assistance to these organizations, providing them with the necessary tools and resources to carry out their missions effectively. By supporting these grassroots organizations, Maine Initiativesinc plays a crucial role in driving positive change and promoting justice in Maine communities.
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Impact
July, 2024
Maine Initiativesinc's impact is evident in its dedication to cultivating social, economic, and environmental justice in Maine communities. Through grants and other forms of support to grassroots organizations, Maine Initiativesinc is actively working towards creating a more equitable and sustainable society. Their commitment to promoting social, economic, and environmental justice is making a tangible difference in addressing issues of inequality and advocating for positive change in the state of Maine.
This information is meant to be a general summary of Maine Initiativesinc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $45,353
- Gross Receipts: $2,709,270
Assets and Liabilities:
- Total Assets: $4,414,537
- Total Liabilities: $175,314
- Net Assets: $4,239,223
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Organization Details
Founding Year
1993
Phone
(207) 607-4070Principal Officer
Philip Walsh
Main Address
56 NORTH STREET, PORTLAND, ME, 04101
Website
www.maineinitiatives.orgNTEE Category
Code: I20Z - Crime
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