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Maine Center Ventures

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

EIN: 820987230 ✦ Orono, ME ✦ Designated as a 501(c)(3)

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Overview

What is Maine Center Ventures?

Maine Center Ventures is a nonprofit organization that provides substantial financial support to the University of Maine's Graduate School of Business and the University of Maine School of Law, which are part of the University of Maine Graduate & Professional Center. Their primary mission is to foster growth and development in these graduate programs by funding key positions, expanding enrollment, and addressing the needs of students, ultimately benefiting the State of Maine's employers. They achieve this by engaging with Maine enterprises and employers to identify training requirements, creating experiential learning opportunities for students, and establishing incubator and accelerator programs. This collaborative approach helps the University of Maine Graduate & Professional Center remain relevant and responsive to the needs of its students and the broader community.


Official website here: www.umainecenter.org/maine-center-ventures/

Is Maine Center Ventures legitimate?

Maine Center Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Center Ventures 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.umainecenter.org/maine-center-ventures/

What is the mission statement of Maine Center Ventures?

Maine Center Ventures' mission is to support and promote the University of Maine's Graduate & Professional Center. They achieve this through fundraising, marketing, and engaging with local businesses and employers. The objective is to identify and address training needs, create meaningful educational experiences for students, and establish incubator and accelerator programs. This initiative aims to bridge the gap between academic knowledge and real-world application, thereby preparing students for their professional careers.


Official website here: www.umainecenter.org/maine-center-ventures/

Who is the CEO of Maine Center Ventures?

Ryan Low is the Director of Maine Center Ventures. The CEO's salary of Maine Center Ventures is $0 and their total compensation is $248,374.


Official website here: www.umainecenter.org/maine-center-ventures/

What is the revenue of Maine Center Ventures?

Maine Center Ventures's revenue in 2022 was $1,458,388.


Official website here: www.umainecenter.org/maine-center-ventures/

Who are the executives of Maine Center Ventures and what are their salaries?

There 15 volunteers at Maine Center Ventures.


Here are 16 key members and their salaries (Maine Center Ventures's CEO's salary is $0 and their total compensation is $248,374):


Joan Ferrini-Mundy (Director)
  • Compensation: $0
  • Related: $502,345
  • Other: $31,507
Dannel Malloy (Chair, Board Of Directors)
  • Compensation: $0
  • Related: $496,875
  • Other: $30,840
Glenn Cummings (Director (Resigned June 2022))
  • Compensation: $0
  • Related: $286,878
  • Other: $62,372
Ryan Low (Treasurer)
  • Compensation: $0
  • Related: $242,922
  • Other: $63,645
James Thelen (Secretary (Resigned June 2022))
  • Compensation: $0
  • Related: $242,803
  • Other: $60,200
Leigh Saufley (Director)
  • Compensation: $0
  • Related: $263,753
  • Other: $38,270
Theresa Sutton (Ceo)
  • Compensation: $0
  • Related: $190,497
  • Other: $57,877
Samantha Warren (Secretary)
  • Compensation: $0
  • Related: $131,782
  • Other: $51,941
Alexa Dayton (Coo)
  • Compensation: $0
  • Related: $108,064
  • Other: $49,643
Patricia Riley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Monks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Boyson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Eames (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Donnelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Edmondson (Director (Appointed In June 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
James Erwin (Director (Appointment Ended May 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.umainecenter.org/maine-center-ventures/

Where can I find the form 990 for Maine Center Ventures?

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


Official website here: www.umainecenter.org/maine-center-ventures/

Learn more at the official website: www.umainecenter.org/maine-center-ventures/

Mission Statement of Maine Center Ventures

Maine Center Ventures, a supporting organization, is dedicated to boosting the University of Maine's Graduate & Professional Center. Their mission is multifaceted, encompassing fundraising, marketing, and engaging with Maine businesses and employers. Their primary goal is to identify and address the training needs of the center's students. By fostering these relationships, they aim to create valuable experiential learning opportunities for students. Furthermore, Maine Center Ventures is committed to establishing incubator and accelerator programs, providing a nurturing environment for innovative ideas and entrepreneurs to grow and flourish.

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Impact




October, 2024

Maine Center Ventures plays a pivotal role in enhancing the educational landscape within the University of Maine Graduate & Professional Center. By facilitating substantial funding from local foundations, MCV has directly supported key programs such as the Graduate School of Business and the School of Law. This funding has enabled the recruitment and retention of essential faculty, allowing these programs to expand their offerings and better serve their students.

MCV's focus on engaging with Maine enterprises and employers ensures that the educational needs of the community are met. Through identifying training needs and fostering partnerships, MCV creates experiential education opportunities that prepare students for the workforce. Additionally, the development of incubator and accelerator programs promotes innovation and entrepreneurship, directly benefiting Maine's economy.

Overall, Maine Center Ventures significantly impacts the growth and sustainability of higher education in Maine, driving both academic excellence and economic development.




This information is meant to be a general summary of Maine Center Ventures. 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
$1,458,388 (2022)
Expenses
$1,898,218 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$34,188
  • Program Service Revenue: $1,686
  • Gross Receipts: $3,956,741

Assets and Liabilities:

  • Total Assets: $1,669,534
  • Total Liabilities: $500,081
  • Net Assets: $1,169,453

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Executive education courses

Revenue

$1,686

Organization Details

Founding Year

2017

Principal Officer

Ryan Low

Main Address

c/o UMS BOT 15 Estabrooke Drive, Orono, ME, 04469

NTEE Category

Code: B11 - Education

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