Maine Composite Materials Applied Technology Development Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 100003434 ✦ Springvale, ME ✦ Designated as a 501(c)(5)

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Overview

What is Maine Composite Materials Applied Technology Development Center?

The Maine Composite Materials Applied Technology Development Center is a nonprofit organization that aims to stimulate and support job creation in the composite industry. Located in Maine, it assists start-up companies in gaining a competitive edge both domestically and internationally, particularly in the field of applied technologies with composite materials. The center actively encourages entrepreneurial growth in the region, contributing to the development of the composite-related industries.

Is Maine Composite Materials Applied Technology Development Center legitimate?

Maine Composite Materials Applied Technology Development Center is a legitimate nonprofit organization registered as a 501(c)(5) entity. Maine Composite Materials Applied Technology Development Center 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: $7,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Maine Composite Materials Applied Technology Development Center?

The Maine Composite Materials Applied Technology Development Center is dedicated to promoting, aiding, and fostering job opportunities in the composite-related sectors. This organization assists start-up firms in achieving a competitive edge on a national and international level within the applied technologies sector, particularly those involving composite materials. As a result, the center actively encourages entrepreneurial growth in the region.

Who is the CEO of Maine Composite Materials Applied Technology Development Center?

Richard L Stanley is the Chairman, Secretary, Treas of Maine Composite Materials Applied Technology Development Center.

What is the revenue of Maine Composite Materials Applied Technology Development Center?

Maine Composite Materials Applied Technology Development Center's revenue in 2022 was $1,152.

Who are the executives of Maine Composite Materials Applied Technology Development Center and what are their salaries?


Here are 4 key members and their salaries:


Rick Stanley (Chairman, Secretary, Treas)
  • Compensation: $7,500
  • Related: $0
  • Other: $0
Jake Ward (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Von Vogt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Carr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Maine Composite Materials Applied Technology Development Center?

Maine Composite Materials Applied Technology Development Center's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Maine Composite Materials Applied Technology Development Center

The Maine Composite Materials Applied Technology Development Center, abbreviated as MCMATDC, is dedicated to advancing and fostering employment opportunities in the field of composite materials. This organization plays a pivotal role in assisting emerging firms to establish a competitive edge, not only domestically but also on a global scale, within the applied technologies sector that utilizes composite materials. MCMATDC actively encourages entrepreneurial growth in the region by providing the necessary support to composite-related industries.

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Impact




October, 2024

Maine Composite Materials Applied Technology Development Center plays a pivotal role in fostering growth in the composite materials sector. By promoting and supporting startup firms, the center enables these businesses to achieve a competitive edge in both national and international markets. This not only enhances the economic landscape of the region but also directly contributes to job creation in composite-related fields. The center's efforts to stimulate entrepreneurial growth and innovation lead to advancements in applied technologies, making it a vital asset for the community of Springvale, Maine, and beyond. Through its initiatives, the center helps establish Maine as a significant player in the composite materials industry, ultimately benefitting the local economy and workforce.




This information is meant to be a general summary of Maine Composite Materials Applied Technology Development Center. 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.

Revenue
$1,152 (2022)
Expenses
$14,215 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,152
  • Gross Receipts: $1,152

Assets and Liabilities:

  • Total Assets: $51,594
  • Total Liabilities: $0
  • Net Assets: $51,594

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Organization Details

Founding Year

2001

Principal Officer

Richard L Stanley

Main Address

510 MAIN STREET, SPRINGVALE, ME, 04083

NTEE Category

Code: U02 - Science research

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