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Maine Angels

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

EIN: 453363431 ✦ Portland, ME ✦ Designated as a 501(c)(6)

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Overview

What is Maine Angels?

Maine Angels is a Portland, Maine-based nonprofit organization that serves as a bridge between accredited investors and promising start-up ventures in Maine and New England. By facilitating investments, they contribute to the growth and expansion of new businesses and existing enterprises within the region, thereby promoting economic development in Maine communities. Maine Angels' primary mission is to support the thriving start-up ecosystem in the area, and they are located in Portland, Maine.

Is Maine Angels legitimate?

Maine Angels is a legitimate nonprofit organization registered as a 501(c)(6) entity. Maine Angels submitted a form 990EZ, 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.

What is the mission statement of Maine Angels?

Maine Angels' mission is to link accredited investors with promising venture opportunities, thereby fostering the growth of start-ups in Maine and New England. Their primary program aids in the establishment of new businesses and the expansion of existing ones, contributing positively to economic development within Maine communities. In essence, Maine Angels serves as a catalyst for business growth, benefiting the local economy.

Who is the CEO of Maine Angels?

Eliza Ginn is the Treasurer of Maine Angels.

What is the revenue of Maine Angels?

Maine Angels's revenue in 2022 was $59,138.

Who are the executives of Maine Angels and what are their salaries?


Here are 4 key members and their salaries:


Ralph Nodine (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Ware (Vice-Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ayres Stockly (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eliza Ginn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Maine Angels?

Maine Angels's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Maine Angels

Maine Angels, a distinguished organization, is dedicated to connecting accredited investors with promising investment opportunities in the burgeoning startup ecosystem of Maine and New England. Their mission primarily revolves around supporting the creation of new businesses and fostering the growth of existing ventures in these communities. This initiative contributes significantly to economic development within Maine, ultimately benefiting the local communities. Maine Angels operates as a single program, serving as a catalyst for innovation and progress in the region.

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Impact




October, 2024

Maine Angels significantly impacts the economic landscape of Maine and New England by connecting accredited investors with promising investment opportunities. This initiative plays a crucial role in fostering a vibrant startup ecosystem, facilitating the creation of new businesses and supporting the growth of existing ones. By channeling investments into local ventures, Maine Angels directly contributes to job creation, innovation, and overall economic development in communities across the region. Their efforts not only bolster individual enterprises but also enhance the collective strength of Maine’s entrepreneurial environment, ensuring a more sustainable and prosperous future for the area.




This information is meant to be a general summary of Maine Angels. 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
$59,138 (2022)
Expenses
$51,582 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38
  • Program Service Revenue: $38,400
  • Gross Receipts: $59,138

Assets and Liabilities:

  • Total Assets: $89,709
  • Total Liabilities: $0
  • Net Assets: $89,709

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Organization Details

Principal Officer

Eliza Ginn

Main Address

PO Box 9715, Portland, ME, 04104

NTEE Category

Code: S41 - Community improvement

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