TY 2021 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) Brian Whitney...................................................................... President	40.00 ................. 0.00		X	0	119,652	53,545
(2) Gregory N Lee...................................................................... Director of Finance & Administration	40.00 ................. 0.00		X	86,761	0	16,162
(3) Donna Cassese...................................................................... Chair	2.00 ................. 0.00	X	X	0	0	0
(4) Raymond Kelley...................................................................... Treasurer	2.00 ................. 0.00	X	X	0	0	0
(5) Jake Ward...................................................................... Secretary	2.00 ................. 0.00	X	X	0	0	0
(6) Sebastian Belle...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(7) Dan Belyea...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(8) Sarah Curran...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(9) Richard Ganong...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(10) Heather Johnson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(11) Meredith Mendelson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(12) Rosaire Pelletier...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(13) Ian Swanberg...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(14) Alexander Spaulding...................................................................... Past Vice Chair	2.00 ................. 0.00	X	X	0	0	0
(15) Stacey Huth...................................................................... Past Director	2.00 ................. 0.00	X		0	0	0

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2021

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	12,809,932	34,248,785	26,624,852	9,813,047	14,371,752	97,868,368
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	12,809,932	34,248,785	26,624,852	9,813,047	14,371,752	97,868,368
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..
6	Public support. Subtract line 5 from line 4.						97,868,368

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
7	Amounts from line 4..	12,809,932	34,248,785	26,624,852	9,813,047	14,371,752	97,868,368
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	712,641	1,174,564	418,970	378,252	25,565	2,709,992
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10						100,578,360

Gross receipts from related activities, etc. (see instructions) ..................

1,459,358

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2021 (line 6, column (f) divided by line 11, column (f)) .........

97.310 %

Public support percentage for 2020 Schedule A, Part II, line 14 ...............

96.520 %

16a

33 1/3% support test—2021. If the organization did not check the box on line 13, and line 14 is 33 1/3 % or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2020. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2021. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2020. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2021

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2017	(b) 2018	(c) 2019	(d) 2020	(e) 2021	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2021 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2020 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2021 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2020 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2021. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2020. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2021

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2021

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2021

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2021

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2021 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2021	(iii) Distributable Amount for 2021
1 Distributable amount for 2021 from Section C, line 6
2 Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2021:
a From 2016.......
b From 2017.......
c From 2018.......
d From 2019.......
e From 2020.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2021 distributable amount
i Carryover from 2016 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2021 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2021 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2022. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2017.....
b Excess from 2018.....
c Excess from 2019.....
d Excess from 2020.....
e Excess from 2021.....

Schedule A (Form 990) (2021)

Schedule A (Form 990) 2021

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization Maine Technology Institute

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization Maine Technology Institute		Employer identification number 01-0529871

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization Maine Technology Institute			Employer identification number 01-0529871
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2021)

Additional Data

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SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements	39,870	31,827	8,043
d	Equipment ....	153,982	130,770	23,212
e	Other .....	125,995	125,995	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				31,255

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........	2,443,176	F
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	2,443,176

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2021

Additional Data

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- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization
Maine Technology Institute

Employer identification number
01-0529871

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(h) Purpose of grant or assistance
(1) 40GRID Inc 45 Woodspell Rd Scarborough,ME04074	82-2271944		150,000	The most effective business-process-automation SaaS solution for field-service businesses.
(2) A & B Forestry inc 6 Martin Road Rumford,ME04276	01-0543549		22,080	Forestry Recovery Initiative
(3) A Bouchard Trucking Inc 1147 Frenchville Road Fort Kent,ME04743	01-0481182		16,897	Forestry Recovery Initiative
(4) AD Forestry Specialist 79 Lake View Drive Madison,ME04950	47-1668138		20,170	Forestry Recovery Initiative
(5) AS Madden Logging Inc PO Box 72 Greenbush,ME04418	51-0632961		24,080	Forestry Recovery Initiative
(6) AW Madden Inc PO Box 499 Milford,ME04461	01-0396475		28,353	Forestry Recovery Initiative
(7) Abundance Works LLC 2 Myrtle Ave Bar Harbor,ME04609	83-0821678		35,000	Forestry Recovery Initiative
(8) Accelera 215 Main Street Biddeford,ME04005	81-3057210		49,000	Our product is wearable technology that delivers stimulation patterns to the body in a safe and comfortable manner to support neurological function.
(9) Allagash Enterprises Inc 1037 Allagash Road Allagash,ME04774	41-2095179		18,272	Forestry Recovery Initiative
(10) A Chartier Trucking & Logging LLC 15 Whitman St Mexico,ME04257	82-0672671		17,080	Forestry Recovery Initiative
(11) AM2 LLC 384 Harold L Dow Hwy Unit 24 Eliot,ME03903	85-2502920		25,000	We have developed a process to create a molded structural monocoque as a survival cell for kit and replica vehicles.
(12) AMRO Systems LLC 58 Constitution Drive Westbrook,ME04092	84-3407031		45,000	Vxrtual is a web-based Extended Reality (XR) immersive experiences platform developed by Standard Magic that enables your online interactions to feel more present with one-click creation of virtual spaces to use for unique customer events, virtual training
(13) Atlantic Mussel Farms LLC 74 Orion St Brunswick,ME04011	87-1228228		24,750	Atlantic Mussel farms has developed a new design for a land based system to produce market size Blue Mussels.
(14) ATX Advisory LLC 118 Alfred St Biddeford,ME04005	46-1330949		120,000	Caliper is a fully managed Business Analytics platform that delivers cutting edge analytics to middle market companies.
(15) B Charette Logging Inc 134 South Perley Brook Road Fort Kent,ME04743	27-1445181		11,321	Forestry Recovery Initiative
(16) B Pelletier Logging Inc 562 Main Street St Francis,ME04774	27-0752022		15,955	Forestry Recovery Initiative
(17) Backwoods Inc PO Box 724 Houlton,ME04730	27-4166573		25,000	Forestry Recovery Initiative
(18) Balanced Forestry 84 Howes Road Montville,ME04941	30-0875964		13,951	Forestry Recovery Initiative
(19) Beaulieu Logging LLC 48 Beaulieu Lane Arundel,ME04046	46-3919072		23,991	Forestry Recovery Initiative
(20) BigNerve Inc 1508 Barton Rd Suite 114 Redlands,CA92373	47-2212256		25,000	Building an innovator incubator for the people of Maine
(21) BK Bouchard & Sons Inc 4641 Aroostook Road Eagle Lake,ME04739	20-2601053		15,915	Forestry Recovery Initiative
(22) bluShift Aerospace Inc 74 Orion Street 116 Brunswick,ME04011	47-2049924		150,000	Development of Starless Rogue - the first sub-orbital space launch vehicle powered by biofuel
(23) C & B Plourde Forestry Services 20 Ellis Road Embden,ME04958	82-2477505		16,897	Forestry Recovery Initiative
(24) C N A Trucking Inc PO Box 153 Fort Kent,ME04744	01-0530547		25,000	Forestry Recovery Initiative
(25) C Nadeau Logging Inc 1301 St John Road St John Plantation,ME04743	46-5717710		14,797	Forestry Recovery Initiative
(26) Chasse Logging LLC 845 North Perley Brook Rd Fort Kent,ME04743	47-4008071		12,969	Forestry Recovery Initiative
(27) Chattabot Inc 202 US Rte 1 Suite 203 Falmouth,ME04105	85-3415925		15,000	Digital Employees For Hospitality & Dental
(28) Chester Forest Products LLC 16 Access Road Lincoln,ME04457	01-0547640		31,264	Forestry Recovery Initiative
(29) Chris Richards Logging LLC PO Box 1441 Greenville,ME04441	81-4748837		18,272	Forestry Recovery Initiative
(30) Circa Labs Inc 16 Station Ave Brunswick,ME04011	84-3141787		25,000	Circa is an app designed to help residents stay in their homes by removing payment friction.
(31) City of Ellsworth 1 City Hall Plaza Ellsworth,ME046059998	01-6000027	Government	41,667	Union River Center for Innovation: Graduating All Companies from the Incubator
(32) Clean Maine Carbon LLC PO Box 400 Greenville,ME04441	82-2609239		25,000	Clean Maine Carbon's Biochar Initiative
(33) CB Logging 194 Fox Road New Canada,ME04743	27-2488063		15,955	Forestry Recovery Initiative
(34) Colin Bartlett Trucking Inc 82 School House Road Unit 4 Orient,ME04471	01-0375743		28,620	Forestry Recovery Initiative
(35) Community Shellfish Company LLC 656 Waldoboro Road Bremen,ME04551	30-0441699		100,000	Merroir.me responds to changing technology needs in direct producer-to-consumer marketing.
(36) Connors Trucking Inc 1814 Main Street St Francis,ME04774	27-2362420		14,933	Forestry Recovery Initiative
(37) C & M Logging Inc PO Box 334 Portage,ME04768	46-3916069		17,114	Forestry Recovery Initiative
(38) Corey Madden Logging Inc 6 Madden Drive Greenbush,ME04418	26-3902742		14,797	Forestry Recovery Initiative
(39) Crafted Downeast LLC 16 Turner Way Cutler,ME04626	83-4047605		10,163	Forestry Recovery Initiative
(40) Croft L3C Croft Group 27 Knoll Rd Owls Head,ME04854	88-3097125		25,000	Next-generation tooling for factory crafted, carbon-capture building envelopes.
(41) Cross Rock Logging Inc 1034 Allagash Road Allagash,ME04774	30-1201209		10,023	Forestry Recovery Initiative
(42) CTL Land Management Inc 142 Hopkins Road Washington,ME04574	01-0435097		50,065	Forestry Recovery Initiative
(43) Cureous Innovations Inc 60 Pineland Dr Ste 230 New Gloucester,ME04260	84-2928583		50,000	Health information technology company dedicated to improving health, wellness, and care experiences through sophisticated applications of data and technology.
(44) D Plourde Logging 570 West Main Street Fort Kent,ME04743	01-0471284		25,000	Forestry Recovery Initiative
(45) DI Manufacturing Solutions LLC 10 Mill Brook Rd 13 Saco,ME04072	86-1899617		25,000	Development funding on UV conveyor product and related testing and marketing needs.
(46) Danny Dubay Trucking Inc 222 St John Road Fort Kent,ME04743	46-1129818		23,496	Forestry Recovery Initiative
(47) Davis Forestry Products Inc PO Box 189 Danforth,ME04424	01-0490111		12,480	Forestry Recovery Initiative
(48) Davis Logging Inc PO Box 96 Danforth,ME04424	27-4427152		26,350	Forestry Recovery Initiative
(49) Dead Eye Trucking Inc 1664 St John Road St John Plantation,ME04743	20-5548131		12,480	Forestry Recovery Initiative
(50) Deep Gash Trucking Inc 96 Marquis Road Fort Kent,ME04743	46-2948504		20,760	Forestry Recovery Initiative
(51) Defendify 175 Lancaster Street Suite 216 Portland,ME04101	82-1312017		150,000	Defendify is an all-in-one SaaS-based cybersecurity platform with 13 cybersecurity tools in 1 seamless platform backed by support and expertise.
(52) DeLaite Trucking Inc PO Box 410 Lincoln,ME044570410	01-0411404		56,550	Forestry Recovery Initiative
(53) Deprey Harvesting Inc 42 Dumond Road New Canada,ME04743	83-0782428		10,023	Forestry Recovery Initiative
(54) Dewey Inc 26 School St Ste 2 Yarmouth,ME04096	85-3698715		25,000	Forestry Recovery Initiative
(55) DG Logging LLC 46 Pleasant Street Jackman,ME04945	83-2266728		17,114	Forestry Recovery Initiative
(56) Dimensional Timber LLC 791 Clinton Avenue Winslow,ME04901	84-3314959		25,000	Forestry Recovery Initiative
(57) Double H Contracting Inc PO Box 360 Milo,ME04463	20-8083541		25,000	Forestry Recovery Initiative
(58) Dove Tail Bat LLC PO Box 107 Monson,ME04464	46-3833705		31,620	Forestry Recovery Initiative
(59) DR Logging Inc PO Box 268 Fort Kent,ME04743	27-3706977		15,955	Forestry Recovery Initiative
(60) Drew Corporation PO Box 81 Center Lovell,ME04016	11-3775914		42,930	Forestry Recovery Initiative
(61) DTMC LLC PO Box 481 North Anson,ME04958	84-3864150		13,776	Forestry Recovery Initiative
(62) E J Carrier Inc PO Box 489 Jackman,ME04945	01-0329483		197,478	Forestry Recovery Initiative
(63) Elliott Jordan & Son Inc 381 Cave Hill Road Waltham,ME046058705	01-0288948		30,534	Forestry Recovery Initiative
(64) Epic Trucking Inc 26 Leopold Street Fort Kent,ME04743	35-2414971		17,879	Forestry Recovery Initiative
(65) ESM Global Products LLC 10a Gleckler Rd Portland,ME04103	83-4617402		50,000	NKENNE, the first African Language Learning app in market.
(66) Family Forestry LLC 30 Rider Road Brewer,ME04412	27-1170827		17,080	Forestry Recovery Initiative
(67) Farmhand Automation Inc 432 Elm St Ste F Biddeford,ME04005	83-4573015		250,000	Autonomous Electric Rover for Automated Carbon Free Farming
(68) First Light Innovations LLC 650 Cape Rd Standish,ME04084	88-0983367		18,620	Snow Scoop With Foot Propulsion
(69) Forerunner Industries Inc 548 Market St 93531 San Francisco,CA94104	83-3689645		100,000	Custom Flood Models/Maps and Additional Permit Types
(70) Franklin Forest Products Inc 386 Main St Canaan,ME04924	01-0509403		25,000	Forestry Recovery Initiative
(71) Gametiks LLC 9 East Ave Belfast,ME04915	87-1686941		25,000	Building the Facebook+Airbnb of the outdoor industry.
(72) Gardiner Logging Services Inc 16 Access Road Lincoln,ME04457	01-0434564		52,758	Forestry Recovery Initiative
(73) Gary M Pomeroy Logging Inc 1909 Hammond Street Hermon,ME04401	01-0412159		20,000	Forestry Recovery Initiative
(74) GCA Logging Inc 118 River Rd Avon,ME04966	04-0435334		149,220	Forestry Recovery Initiative
(75) General Lee Corp 407 South Perley Brook Road Fort Kent,ME04743	04-3386778		10,023	Forestry Recovery Initiative
(76) Gerald Pelletier Inc 350 Golden Road Millinocket,ME04462	01-0345040		72,240	Forestry Recovery Initiative
(77) Glen Bourgoin & Sons Trucking Inc PO Box 135 Frenchville,ME04745	01-0529002		13,951	Forestry Recovery Initiative
(78) Glen Luce Logging Inc PO Box 33 Turner,ME04282	26-3717153		10,000	Forestry Recovery Initiative
(79) Glen McKechnie & Sons Inc PO Box 100 Passadumkeag,ME04475	01-0508614		25,000	Forestry Recovery Initiative
(80) Glidden Point Oyster Co Inc 637 River Rd Edgecomb,ME04556	01-0487593		6,000	Oyster Hatchery Development
(81) Global Secure Shipping 20 Godfrey Drive Suite 217 Orono,ME04473	81-4513962		500,000	Establishing a Secure Composite Shipping Container Manufacturing Facility in Maine
(82) Go Lab Inc 137 High Street Belfast,ME04915	82-1220447		41,470	Forestry Recovery Initiative
(83) Goodfocus LLC 5 Guptil Avenue Freeport,ME04032	26-4084019		75,000	A unique game platform that companies use to improve their business processes and help find solutions to complex problems.
(84) GP Trucking 17 Paradis Ave Frenchville,ME04745	01-0440662		16,897	Forestry Recovery Initiative
(85) Granite Mountain Industries LLC 174 Cash St Suite 7 South Portland,ME04106	03-0381252		13,315	Environmental testing for hydraulic entry kit
(86) Grindstone Logging LLC 777 Grindstone Road Medway,ME04460	47-3344970		14,797	Forestry Recovery Initiative
(87) Ground Tek Inc 541 South Perley Brook Rd Fort Kent,ME04743	26-4762200		16,136	Forestry Recovery Initiative
(88) Grover Gundrilling LLC 59 Industrial Dr Oxford,ME04270	80-0800225		25,000	Developing a technology to machine medical components at rates that are several multiples quicker than the incumbent processes
(89) Gulf of Maine Research Institute 350 Commercial Street Portland,ME04101	01-0504905	501(c)(3)	100,000	GRMI Ventures EDA Build To Scale Application: Matching funds required
(90) Halo Med LLC 10 Birch Ln Scarborough,ME04074	85-0542184		43,119	Providing procedural training through simulation models delivered directly to the clinician.
(91) HANCO Inc PO Box 189 Danforth,ME04424	01-0463438		25,000	Forestry Recovery Initiative
(92) Hanington Brothers Inc 488 US RT 2 Macwahoc PLT,ME04451	01-0318889		99,480	Forestry Recovery Initiative
(93) Haslam Enterprises Inc 997 Eastbrook Road Eastbrook,ME04634	85-2433449		11,321	Forestry Recovery Initiative
(94) Health Economy LLC 7 Valley Rd Cape Elizabeth,ME04107	56-2378206		13,930	An innovative training for education and medical professionals who work with people living in poverty.
(95) Herbert L Hardy & Son Inc PO Box 164 Smyrna,ME04780	01-0386803		25,000	Forestry Recovery Initiative
(96) Highland Farms Logging LLC 104 Towles Hill Road Cornish,ME04020	47-1266512		13,776	Forestry Recovery Initiative
(97) Highland Logging Inc 39 Station Rd Wallagrass,ME04781	01-0481479		12,969	Forestry Recovery Initiative
(98) Huga Heat LLC 40 Homestead Rd Southport,ME04576	85-3757345		75,000	Scaling Maine-Based Huga Heated Cushion Manufacturing
(99) I R Averill Inc 832 Averill Road Prentiss Twp,ME04487	01-0318019		25,000	Forestry Recovery Initiative
(100) Ironwood Logging Inc 41 Pine Street Fort Kent,ME04743	27-2550440		20,589	Forestry Recovery Initiative
(101) J Soucy Logging Inc 37 Aroostook Rd Fort Kent,ME04743	81-3238114		20,589	Forestry Recovery Initiative
(102) J Voisine & Son Logging Inc 771 Aroostook Road Fort Kent,ME04743	37-1658800		21,748	Forestry Recovery Initiative
(103) JBO Logging Inc 99 Fox Rd New Canada,ME04743	20-4916795		12,969	Forestry Recovery Initiative
(104) JC Delimbing LLC 200 Violette Settlement Rd Fort Kent,ME04743	20-5696168		12,480	Forestry Recovery Initiative
(105) JG Logging Inc 80 Violette Settlement Rd Fort Kent,ME04743	26-1637386		7,846	Forestry Recovery Initiative
(106) Jim Daigle Trucking LLC 710 New Canada Rd New Canada,ME04743	38-2801352		13,638	Forestry Recovery Initiative
(107) Jeff D Hummel Jr d/b/a JBR Logging Inc Mapleton,ME04757	26-2596659		20,589	Forestry Recovery Initiative
(108) Jewell Development Company 5 Mayflower Drive Scarborough,ME04074	26-1630665		12,969	Forestry Recovery Initiative
(109) JJ Logging Inc 1115 Main Street St Francis,ME04774	81-2453727		9,041	Forestry Recovery Initiative
(110) JL Rich Timber Harvesting LLC 47 Westford Hill Rd Hodgdon,ME04730	47-5053746		14,797	Forestry Recovery Initiative
(111) JLO Logging Inc 597 Violette Settlement Rd Fort Kent,ME04743	82-5210382		20,589	Forestry Recovery Initiative
(112) JMM & Sons Logging Inc 70 Sunnyfield Dr Fort Kent,ME04743	81-2622364		25,000	Forestry Recovery Initiative
(113) John Khiel III Logging and Chipping Inc PO Box 85 Denmark,ME04022	01-0492263		177,190	Forestry Recovery Initiative
(114) Lozier Logging LLC 368 Charette Hill Road Fort Kent,ME04743	46-4789228		11,321	Forestry Recovery Initiative
(115) JRS Logging Inc 711 Frenchville Road Fort Kent,ME04743	01-0514279		17,552	Forestry Recovery Initiative
(116) K A Tuttle and Sons PO Box 47 New Limerick,ME04761	83-1534010		25,000	Forestry Recovery Initiative
(117) Kenneson Timber Inc 112 St John Rd Fort Kent,ME04743	47-4108448		20,589	Forestry Recovery Initiative
(118) KHT Trucking Inc 603 South Perley Brook Rd Fort Kent,ME04743	83-4377260		13,951	Forestry Recovery Initiative
(119) Kimball & Sons Logging & Trucking LLC 756 Megquier Hill Rd Poland,ME04274	47-4363273		20,760	Forestry Recovery Initiative
(120) Kind Mind LLC 88 Depot Rd Falmouth,ME04105	82-3366509		15,000	A social-emotional learning program that builds resilience within school communities, in a simple, transformative, and accessible way.
(121) KV Tooling Systems LLC 2459 North Belfast Ave Augusta,ME04330	47-2517393		19,213	Forestry Recovery Initiative
(122) L A Ridley Logging Inc 266 E Dixfield Rd Jay,ME04239	01-0423561		20,589	Forestry Recovery Initiative
(123) L&J Trucking Inc 160 Charette Road Fort Kent,ME04743	82-5158820		25,000	Forestry Recovery Initiative
(124) LaCasce Forestry and Logging 576 Oliver Hill Road Garland,ME04939	82-3745299		11,321	Forestry Recovery Initiative
(125) LaCasse & Weston Inc 219 Anderson St Ste 5 Portland,ME04101	01-0425496		126,548	An innovative thermoforming molded fiber machine that is much smaller, more versatile and efficient than what currently exists.
(126) LAS Logging LLC 148 Papermill Road Hampden,ME04444	83-1940820		21,748	Forestry Recovery Initiative
(127) Linkletter and Sons Inc PO Box 135 Athens,ME04912	01-0460997		85,032	Forestry Recovery Initiative
(128) Linkletter Trucking Inc PO Box 135 Athens,ME04912	01-0434069		25,000	Forestry Recovery Initiative
(129) Little Spike Trucking Inc 250 Violette Settlement Rd Fort Kent,ME04743	84-3227765		15,915	Forestry Recovery Initiative
(130) Louisiana-Pacific Corporation 414 Union St Ste 2000 Nashville,TN37219	93-0609074		100,000	To convert an existing OSB facility in Houlton, ME to a new SmartSide siding facility to support the ongoing market demand for the siding product line.
(131) Lyford Trucking Inc 6034 Bennoch Road LaGrange,ME04453	01-0513505		14,933	Forestry Recovery Initiative
(132) M Daigle & Sons Logging Inc PO Box 414 Fort Kent,ME04743	01-0489765		13,951	Forestry Recovery Initiative
(133) Madden Sustainable Forestry Inc 529 Main Road Milford,ME04461	27-2186998		25,000	Forestry Recovery Initiative
(134) Madden Timberlands Inc 92 Beechwood Ave Old Town,ME04468	01-0433502		31,264	Forestry Recovery Initiative
(135) Maine Cedar Store Inc PO Box 250 Portage,ME04768	46-5709819		11,321	Forestry Recovery Initiative
(136) Maine Center for Entrepreneurs (V) PO Box 8628 Portland,ME04104	01-0510641	501(c)(3)	100,000	Forestry Recovery Initiative
(137) Maine Fly Company 1385 North Rd North Yarmouth,ME04097	83-3086294		25,000	Scale and source local engineering expertise to continue to innovate various components and building equipment here in Maine.
(138) Maine Maritime Academy 1 Pleasant Street Castine,ME04420	01-6000724	501(c)(3)	50,000	Develop a functioning Shore Control Center with the use of MMA's vessels providing real-time data.
(139) Maine Plywood USA Maine Plywood USA Bingham,ME04920	86-1422890		13,638	Forestry Recovery Initiative
(140) Maine Wood Timber and Posts LLC 460 Smithfield Rd Belgrade,ME04917	86-1621912		33,160	Forestry Recovery Initiative
(141) Maine Woods Company LLC 92 Fish Lake Rd Portage Lake,ME04768	01-0517678		204,000	Forestry Recovery Initiative
(142) Margolin Family Farm and Processing 26 Salintas Dr Norway,ME04268	86-2848277		25,000	Forestry Recovery Initiative
(143) Marine Solar Point LLC 109 Cleaves St Biddeford,ME04005	82-4996856		25,000	Marine Solar Technologies has been developing an autonomous, solar powered, water-monitoring IoT buoy.
(144) Marquis Logging Inc 1075 Aroostook Rd Wallagrass,ME04781	81-2619386		11,987	Forestry Recovery Initiative
(145) Mathew McGary Logging PO Box 151 Island Falls,ME04747	57-1191903		18,272	Forestry Recovery Initiative
(146) MckGrif Logging Inc 109 Village Road Fort Kent,ME04743	85-0836482		11,005	Forestry Recovery Initiative
(147) Fortune Trucking LLC 235 Augusta Road Washington,ME04574	81-4800317		15,955	Forestry Recovery Initiative
(148) Memoro Inc 11 Dyke Farm Rd S Portland,ME04106	87-0899687		25,000	A multimedia-based, multi-sensory memory-stimulation therapeutic tool to combat a range of the negative symptomatic behavioral effects resulting from Alzheimers/dementia (e.g. sundowning syndrome, disorientation, anxiety, stress, loss of appetite, comb
(149) MGT Logging Inc PO Box 23 St Francis,ME04774	26-3856141		16,897	Forestry Recovery Initiative
(150) Dulac Timber Management PO Box 881 Greenville,ME04441	00-6684601		21,748	Forestry Recovery Initiative
(151) Midcoast Regional Redevelopment Authority 15 Terminal Road Suite 200 Brunswick,ME04011	14-2010196		100,000	Addition of Climate Control to TechPlace Manufacturing Incubator Facility
(152) MK Logging Inc PO Box 192 Frenchville,ME04745	82-1782374		19,431	Forestry Recovery Initiative
(153) Morin Forestry Inc PO Box 25 Fort Kent,ME04743	20-4933220		22,906	Forestry Recovery Initiative
(154) MustDeliver Inc 6 State St Ste 308 Bangor,ME04401	83-2332636		19,600	A digital freight marketplace serving independent owner operator drivers on one side and small to medium sized shippers on the other.
(155) Nadeau Trucking LLC 154 Main St St Francis,ME04774	45-3823914		10,023	Forestry Recovery Initiative
(156) NatureSims LLC 15 Creekside Ln Bath,ME04530	85-0677432		12,500	creating next-generation media products using virtual reality that combine the educational value of a nature documentary with the excitement and engagement of a video game.
(157) NaviTour 104 Hall Street S Portland,ME04106	86-2580048		25,000	A web platform and app that will help guides and their guests make the most out of all there is to do and see in Maine.
(158) NetGreen Capital LLC 53 Barton St Presque Isle,ME04769	88-2145321		25,000	Crowdfunding website which will give farmers who focus on sustainable agriculture and regenerative farming a new resource for generating capital.
(159) Neuright Inc 20 Godfrey Dr Orono,ME04473	83-2527540		50,000	A new medical device for a more sensitive diagnosis of peripheral neuropathy.
(160) Nichols Portland LLC 2400 Congress St Portland,ME04102	91-1497658		100,000	Evaluation of sintered powdered metal helical gears using non-destructive testing methods
(161) Nicols Brothers Logging PO Box 12 Mexico,ME04257	01-0404226		17,810	Forestry Recovery Initiative
(162) Nicols Brothers Trucking Inc PO Box 12 Mexico,ME04257	01-0431261		13,638	Forestry Recovery Initiative
(163) Normand Caron Logging Inc PO Box 203 Fort Kent Mills,ME04744	47-1128968		16,897	Forestry Recovery Initiative
(164) Normand Voisine & Sons Trucking Inc PO Box 54 Wallagrass,ME04781	46-5718747		17,879	Forestry Recovery Initiative
(165) North Hopes LLC 28 Lower Falls Rd Falmouth,ME04105	85-0560377		6,307	Hand warming sleeves using a deeper heating mechanism- Infrared
(166) North Shore Logging Inc 314 Walker Brook Rd Allagash,ME04774	47-5368306		25,000	Forestry Recovery Initiative
(167) Northeast Pellets LLC 53 Realty Road Ashland,ME04732	51-0561538		25,000	Forestry Recovery Initiative
(168) Northeast Tree Harvesting 305 Fuller Rd Easton,ME04740	82-3820113		21,350	Forestry Recovery Initiative
(169) Northeast Trucking Inc PO Box 813 Jackman,ME04945	01-0512870		19,431	Forestry Recovery Initiative
(170) Northern Spent Grains LLC Diggables 74 South St Yarmouth,ME04096	92-2192527		25,000	Extrusion/expansion technology to manufacture low-calorie, healthy snacks made from sustainably-sourced ingredients in Maine.
(171) Northern Timber Trucking Inc PO Box 153 Fort Kent Mills,ME04744	01-0412123		25,000	Forestry Recovery Initiative
(172) Northland Forest Services 711 St John Road Fort Kent,ME04743	26-2253514		25,000	Forestry Recovery Initiative
(173) Northwest Forest Management LLC PO Box 25 Sebago,ME04029	82-4108648		11,987	Forestry Recovery Initiative
(174) Ocean's Balance PO Box 2150 South Portland,ME04116	81-2787981		24,000	Develop a seaweed nutritional additive that will be specifically formulated to combat global hunger and malnutrition in developing nations.
(175) Omnic Data Inc 16 Station Ave Brunswick,ME04011	83-2515566		50,000	Determine if the market conditions exist and the technical requirements are achievable to support the development, production, and sale of blockchain secured digital assets versus traditional digital assets.
(176) Oprezo LLC 26 Oakland St Auburn,ME04210	87-3448173		6,000	A web application that helps customers create and use a custom gifting profile to ensure gifts align with the needs, interests, and ever-changing sizes of the individuals receiving the gifts.
(177) Optimum Imaging Diagnostics LLC 8 Science Park Rd Scarborough,ME04074	47-2851358		75,000	Rapid Diagnostic for identifying fungal pneumonia
(178) Orono Spectral Solutions 25 Freedom Parkway Unit 2 Hermon,ME04401	20-1477938		75,000	Enable expansion of ClearShotTM, a patented solid-state sampling device and proven technology platform.
(179) Ouellette Logging Inc 545 Aroostook Road Fort Kent,ME04743	36-4537639		12,969	Forestry Recovery Initiative
(180) OurShelves LLC 17 Jessies Lane Cumberland,ME04021	83-1229782		26,000	A digital platform, curator and connector of diverse children's books to families, teachers and librarians around the globe.
(181) Paradis Logging 1 Bean Corner Rd Wellington,ME04942	83-3951766		18,272	Forestry Recovery Initiative
(182) Peaks Renewables Inc 10825 E Geddes Ave Suite 410 Centennial,CO80112	84-4473769		50,000	To construct an anaerobic digestion facility in Clinton, ME.
(183) Pelletier Manufacturing Inc PO Box 859 Millinocket,ME04462	27-2374184		92,118	Forestry Recovery Initiative
(184) Pelletier Timber Harvesting Inc 293 Violette Settlement Road Fort Kent,ME04743	45-2080345		11,005	Forestry Recovery Initiative
(185) Pencilwrench LLC PO Box 3147 N Ft Myers,FL33918	82-4976013		198,249	A SaaS point & click tool that lets automobile technicians quickly compose accurate and comprehensive repair documentation.
(186) Peregrine Turbine Technologies LLC 29 South Point Dr Wiscasset,ME04578	45-5469226		250,000	A new technology for storing renewable, non-dispatchable power using Thermal Energy Storage technology coupled with Peregrine's breakthrough turbine engine technology which employs super-critical Carbon Dioxide and achieves world-record level efficiency.
(187) Perham Logging Corp 320 High Meadow Rd Perham,ME04766	22-3681848		17,552	Forestry Recovery Initiative
(188) Perley's Logging Inc PO Box 791 Ashland,ME04732	26-3972801		25,000	Forestry Recovery Initiative
(189) Portage Wood Products LLC 127 Fish Lake Rd Portage,ME04768	11-3782726		25,000	Forestry Recovery Initiative
(190) PronouncedHuman LLC 41 Merrill Rd Gray,ME04039	82-5277010		10,000	A mobile app for people who are transgender and nonbinary to document the gender transition journey while furthering our understanding of trans health.
(191) Pumpspotting Inc 150 Rollingwood Rd Eliot,ME03903	84-4427076		200,000	Pumpspotting is the complete breastfeeding support solution.
(192) R Levesque Logging Inc 185 Violette Settlement Road Fort Kent,ME04743	43-1958954		14,797	Forestry Recovery Initiative
(193) R Ouellette & Son Logging Inc 1908 Aroostook Road Wallagrass,ME04781	84-3228819		14,933	Forestry Recovery Initiative
(194) Randall Madden Trucking Inc PO Box 682 Milford,ME04461	01-0401886		29,359	Forestry Recovery Initiative
(195) Reader Forest Management LLC 55 Oak Street N Waterboro,ME04061	47-4608027		14,933	Forestry Recovery Initiative
(196) Real Time Reality Inc 695 Church Rd Bangor,ME04401	87-1720815		10,000	Ground the internet and Metaverse in reality through never before seen authentication and streaming services.
(197) Richard Wing & Son Logging Inc 80 Fort Hill Rd Standish,ME04084	01-0502579		25,000	Forestry Recovery Initiative
(198) Ricker Logging and Trucking LLC PO Box 178 Greenville Jct,ME04442	82-5141369		20,589	Forestry Recovery Initiative
(199) River's Edge Logging and Land Clearing LL 360 Folly Rd Sebago,ME04029	84-2009648		14,797	Forestry Recovery Initiative
(200) Robert E Palmer Logging & Trucking 30 River St S Paris,ME04281	45-3110820		7,077	Forestry Recovery Initiative
(201) Robert McBreairty & Sons Inc 260 St John Rd Fort Kent,ME04743	01-0356873		21,350	Forestry Recovery Initiative
(202) Robert W Libby & Sons Inc 172 Main St Cornish,ME04020	56-2306037		25,000	Forestry Recovery Initiative
(203) Rocky Mountain Timber 220 Walker Brook Rd Allagash,ME04774	85-0709526		10,023	Forestry Recovery Initiative
(204) Ropeless Systems Inc 6 Apostolic Way Biddeford,ME04005	85-3346776		50,000	Patent pending technology allows virtual buoys to be seen on a chart plotter without special ship maneuvers.
(205) Roux Institute 100 Fore Street Portland,ME04101	04-1679980	501(c)(3)	250,000	Roux Institute Venture Creation & Acceleration Platform is a set of robust, venture creation and acceleration programs designed to position Maine as the most exciting place to start a high-growth venture focused on Advanced Life Sciences, Artificial Intel
(206) S & S Logging Inc PO Box 95 Wallagrass,ME04781	27-3178345		15,955	Forestry Recovery Initiative
(207) S F Madden Inc PO Box 59 Greenbush,ME04418	01-0456635		21,810	Forestry Recovery Initiative
(208) Senscio Systems Inc 215 Ayer Rd Unit 797 Harvard,MA01451	26-4277771		75,000	A System of Care which delivers safe, reliable, affordable care to Chronic Disease patients while helping them achieve and maintain increasingly greater levels of health and independence, through daily engagement with a committed team of caregivers
(209) SK Transport Inc 34 S Perley Brook Rd Fort Kent,ME04743	83-4384963		16,897	Forestry Recovery Initiative
(210) SledTRX LLC 325 Main St Ste 218 Waterville,ME04901	86-2495092		8,000	Allow riders to have more ability to view the trail while riding, along with the benefiting the community with the landowner and local clubs relationships.
(211) Solve Finance Corp 63 Federal St Portland,ME04101	85-3436332		25,000	Debt Optimizer which combines your financial goals and consumer credit data and matches users with personalized strategies based on real-time market opportunities.
(212) Soul Being LP PO Box 7149 Scarborough,ME04070	32-0512544		100,000	Digital integrative health platform partners conventional and complimentary medicine in an easy-to-use, coordinated method for businesses and their employees and dependents.
(213) St Peter Trucking Inc 72 Chasse Road St Agatha,ME04772	83-1645259		20,589	Forestry Recovery Initiative
(214) Standard Biocarbon Corporation 2 Portland Fish Pier Ste 211 Portland,ME04101	84-4862244		25,000	Building a production facility for biocarbon (aka biochar) which will create Maine forest products using proven, sophisticated technology.
(215) Stored Solar Jonesboro LLC 62 Whitneyville Road Jonesboro,ME04648	81-4362454		42,516	Forestry Recovery Initiative
(216) T&D Wood Energy LLC 36 LaFrancios Ln Sanford,ME04073	82-1251970		45,792	Forestry Recovery Initiative
(217) Taggettville Trucking Inc PO Box 472 Fort Kent,ME04743	01-0525574		8,059	Forestry Recovery Initiative
(218) TDT Inc 45 Violette Hts Fort Kent,ME04743	81-3249434		12,969	Forestry Recovery Initiative
(219) Telson Inc 1800 E 4th St Unit 172 Austin,TX78702	61-2037667		25,000	Forestry Recovery Initiative
(220) The Humane Space Inc 102 Dodge Mountain Rd Rockland,ME04841	87-3400623		19,900	An app that feeds curiosity and encourages deep thinking.
(221) The Intellectualist LLC 1623 Central Ave Cheyenne,WY82001	47-4930808		25,000	Platform For The Monetization Of Content Creators And Influencers
(222) Theory and Principle LLC 48 Union Wharf Portland,ME04101	82-3731058		25,000	Product allows law firms and corporate legal departments to easily generate maps that track multi-jurisdictional data.
(223) Theriault Boys Inc PO Box 153 Fort Kent Mills,ME04744	01-0530552		25,000	Forestry Recovery Initiative
(224) Theriault Processing Inc 857 Caribou Road Fort Kent,ME04743	46-1178136		15,955	Forestry Recovery Initiative
(225) Thomas Logging & Forestry Inc 58 Butter Street Guilford,ME04443	47-2300630		25,000	Forestry Recovery Initiative
(226) Thompson Trucking Inc PO Box 206 Lincoln,ME04457	01-0328233		60,000	Forestry Recovery Initiative
(227) Tilson Technology Management 16 Middle St 4th Floor Portland,ME04101	01-0509537		100,000	Design and deployment of an ITSM API Platform that brings work orders into a central depository.
(228) Timber Down Logging Inc 70 Highland Ave Fort Kent,ME04743	61-1720530		22,788	Forestry Recovery Initiative
(229) Timber Meadow Forestry Inc PO Box 645 Dixfield,ME04224	45-0667375		14,933	Forestry Recovery Initiative
(230) Timberline Logging PO Box 83 Wallagrass,ME04781	01-0481096		18,272	Forestry Recovery Initiative
(231) Timmy M Guimond & Sons Logging Inc 399 Aroostook Road Fort Kent,ME04743	01-0516814		9,041	Forestry Recovery Initiative
(232) Tissue Plus LLC 61 Bacheller Street Lynn,MA01904	83-3271413		48,000	Forestry Recovery Initiative
(233) TN Nadeau Harvesting Inc 467 Frenchville Road Fort Kent,ME04743	47-4110642		22,906	Forestry Recovery Initiative
(234) Torque Inc 152 Mountain Rd Falmouth,ME04105	85-3834055		25,000	Code automation packages accessed from a public registry, product provides a single interface to easily manage even the most complex architectures.
(235) Town of East Millinocket 53 Main St East Millinocket,ME04430	01-6000149	Government	50,000	East Millinocket Mill Site Redevelopment
(236) Tree Free Heat LLC 325 Main St Ste 218 Waterville,ME04901	86-1397867		10,000	Portable fires in a tin that are the size of a candle for outdoor use.
(237) Treeline Inc PO Box 127 Lincoln,ME04457	01-0406928		250,000	Forestry Recovery Initiative
(238) Troy Voisine Logging Inc 60 North Chester Road Chester,ME04457	01-0507743		16,136	Forestry Recovery Initiative
(239) Trucking GH Inc PO Box 85 Fort Kent,ME04743	45-4406838		25,000	Forestry Recovery Initiative
(240) True Blue Logging Inc 100 South Shore Road Winterville,ME04739	46-5663939		20,589	Forestry Recovery Initiative
(241) University of Maine Office of Research Administration Orono,ME044695717	01-6000769	University	490,268	Forestry Recovery Initiative
(242) University of Southern Maine PO Box 9300 Portland,ME041049300	01-6000769	University	25,000	Forestry Recovery Initiative
(243) True Blue Logging Inc 100 South Shore Road Winterville,ME04739	46-5663939		170,000	Forestry Recovery Initiative
(244) Voisine Bros Inc PO Box 160 Fort Kent Mills,ME04744	01-0530440		38,528	Forestry Recovery Initiative
(245) WT Gardner & Sons Inc 16 Access Road Lincoln,ME04457	01-0327414		166,005	Forestry Recovery Initiative
(246) Warren Logging Inc 195 Warren Hill Rd Smithfield,ME04978	47-4403069		20,589	Forestry Recovery Initiative
(247) WDM Logging Inc PO Box 145 Wallagrass,ME04781	47-1124858		15,915	Forestry Recovery Initiative
(248) Western Maine Timberlands Inc 278 McNeil Road Fryeburg,ME04057	01-0523082		49,602	Forestry Recovery Initiative
(249) White Oak Inc 156 Main Street St Francis,ME04774	01-0438682		96,000	Forestry Recovery Initiative
(250) Zongo Technologies Inc 34 Rosemary Ln Freeport,ME04032	86-2312522		75,000	Build a BIPOC led technology company in Maine, driven by Maine talent to establish a flourishing Fintech industry in this state.

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

242

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2021

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) Forestry Recovery Initiative	37	549,411
(2) Innovation Grant	5	142,685
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

Part I, Line 2:

Award contracts are comprehensive and outline in detail the funded activities, timeline and budget. The organization requires that grant projects proceed on a schedule of agreed milestones. Periodic written reports and documentation, both narrative and financial, are required in order to establish satisfactory completion of milestones before additional payments are released. Material modifications of project timing, substance or expenditures must be approved by staff or, if significant, by the Board of Directors. Frequent communication and occasional site visits are also part of the monitoring process.

Schedule I (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2021

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1Brian Whitney President	(i) (ii)	0 ------------- 119,652	0 ------------- 0	0 ------------- 0	0 ------------- 10,625	0 ------------- 42,920	0 ------------- 173,197	0 ------------- 0

Schedule J (Form 990) 2021

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
Part I, Line 3	The Organization's top executive is compensated by the State of Maine, a related party. They are part of a bargaining unit and methodologies related to compensation are unknown at this time.
Part I, Line 7	In December 2021, the Organization paid out bonuses to staff based on their efforts while the entity changed their program structure, unrelated to any financial performance metric. The Organization received approval for the issuance of bonuses from the board while meeting in executive session.

Schedule J (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Return Reference	Explanation
Form 990, Part III, line 2	During FY22, the Organization began distributing awards for the Forestry Recovery Initiative, which used federal funds transferred from the State.
Form 990, Part VI, Section B, line 11b	The Director of Finance and Administration performs an initial review of the Form 990 with the external preparers and secondarily with the President of the Organization. A copy of the completed Form 990 and accompanying schedules is then provided to the Maine Technology Institute Finance Committee of the Board of Directors for review and discussion, followed by presentation at the monthly board meeting preceding the filing date.
Form 990, Part VI, Section B, line 12c	The Organization requires that all board members, paid and volunteer application reviewers and employees sign conflict of interest policy statements, which are kept on file by the Organization. The policy requires that an individual disclose a conflict of interest as soon as the circumstances arise; that board members, reviewers and employees recuse themselves from discussions and decisions whenever there is a real or perceived conflict of interest. Additionally, award applicants are asked to disclose parties who may have a conflict of interest reviewing their projects; volunteer review board and governing board members are posted on the MTI website for their information. Care is taken to eliminate anyone with a conflict from each step in the review and decision-making process.
Form 990, Part VI, Section B, line 15	The Organization's top executive is compensated by the State of Maine, a related party. They are part of a bargaining unit and methodologies related to compensation are unknown at this time. The President of the Organization periodically reviews and sets compensation for all staff, including the Organization's other officers. This may or may not include a formal review and comparability analysis and may or may not be discussed informally with members of the board.
Form 990, Part VI, Section C, line 19	The conflict of interest policy is available on the website. The financials are available upon request and are included in the annual report, which is posted on the website.
Form 990, Part X, Line 10: Land, Buildings, and Equipment	Section 1.263(a)-3(n) Election: Maine Technology Institute 8 Venture Avenue Brunswick, ME 04011 EIN: 01-0529871 The Maine Technology Institute is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)State of Maine State House Station Augusta,ME04333		ME		Government			No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) Maine Technology Holdings 8 Venture Avenue Brunswick Landing Brunswick,ME04011 45-2908148	Research & Development	ME	Maine Technology Institute	C		48,539	100.000 %	Yes

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

Yes

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) State of Maine	O	172,265	Amounts received
(2) State of Maine	C	8,308,005	Amounts received

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	9,813,047	14,371,752
9	Program service revenue (Part VIII, line 2g) .........	561,502	315,271
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	378,252	166,670
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	10,752,801	14,853,693
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	7,746,051	11,637,542
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	827,237	983,095
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	1,965,272	2,470,842
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	10,538,560	15,091,479
19	Revenue less expenses. Subtract line 18 from line 12.......	214,241	-237,786
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	20,192,850	19,619,742
21	Total liabilities (Part X, line 26).............	18,051,404	17,716,082
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,141,446	1,903,660

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 14,369,769 including grants of $ 11,637,542 ) (Revenue $ 315,271 )
	The 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 potential applicant and the Institute review eight different areas including: Team Ability, Innovation and Value Proposition, Customer and Market, Business/Organization Model, and Scope of Work/Budget. At this point the process may continue with the Institute or may be referred to a business partner. If the determination is to apply for support, the appropriate level of funding request will be determined, and the application will be submitted. The funding level will also determine the level of due diligence needed with the application. Funding levels may also help to determine the nature of the award. The Institute awards grants, loans and equity investments. Successful applicants who receive funds are also required to submit reporting on their projects for five years post award.Four funding levels are used in the application process, as follows:Range One Awards less than $25,000Range Two Awards between $25,000 and $100,000Range Three Awards between $100,000 and $250,000Range Four Awards over $250,000

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses14,369,769

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	86,761	119,652	69,707

(A) Name and business address	(B) Description of services	(C) Compensation
C&P Management Services LLC 82 Homestead Road Washington,ME04574	Technical Consulting Services	124,099




2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 1

1	Briefly describe the organization’s mission or most significant activities: Provides funding to subrecipients in the State of Maine.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	11
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	10
6	Total number of volunteers (estimate if necessary) .............	6	130
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	14,371,752

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		14,371,752

		Business Code
2a	Royalty Income	900099	159,421	159,421
b	Interest on Loans	900099	155,007	155,007
c	Miscellaneous Revenue	900099	843	843
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		315,271

3 Investment income (including dividends, interest, and othersimilar amounts) ......			25,565			25,565
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		223,963	7a
b	Less: cost or other basis and sales expenses		82,858	7b
c	Gain or (loss)		141,105	7c
d	Net gain or (loss).........			141,105			141,105
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			14,853,693	315,271	0	166,670

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	10,945,446	10,945,446
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	692,096	692,096
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	102,923	20,585	82,338
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	655,722	576,634	79,088
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	33,843	29,743	4,100
9	Other employee benefits .......	130,439	111,380	19,059
10	Payroll taxes ...........	60,168	43,321	16,847
11	Fees for services (non-employees):
a	Management ......	628,289	628,289
b	Legal .........	46,596	41,634	4,962
c	Accounting ...........	31,803		31,803
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	12,603		12,603
12	Advertising and promotion ....	575,683	498,598	77,085
13	Office expenses .......	30,373		30,373
14	Information technology ......	52,019		52,019
15	Royalties ..
16	Occupancy ...........	75,917		75,917
17	Travel ............	41,425		41,425
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	995		995
20	Interest ...........	523		523
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	17,379		17,379
23	Insurance ...	20,321		20,321
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	Bad Debt Expense	694,032	694,032
b	Miscellaneous Expense	154,873		154,873
c	Program Review	88,011	88,011
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	15,091,479	14,369,769	721,710	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			107,946	1	768,273
2	Savings and temporary cash investments .........			9,824,314	2	8,767,676
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			30,465	4	15,506
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			7,714,807	7	7,447,471
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			98,253	9	146,385
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	319,847
b	Less: accumulated depreciation	10b	288,592	41,033	10c	31,255
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			2,376,032	12	2,443,176
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			20,192,850	16	19,619,742

17	Accounts payable and accrued expenses .....	146,124	17	111,368
18	Grants payable ...		18
19	Deferred revenue .........	17,893,309	19	17,598,117
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	11,971	23	6,597
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	18,051,404	26	17,716,082

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	2,141,446	27	1,903,660
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	2,141,446	32	1,903,660
33	Total liabilities and net assets/fund balances ........	20,192,850	33	19,619,742