TY 2023 Form 990

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

OMB No. 1545-0047

2023

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) 2023

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) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	26,624,852	9,813,047	14,371,752	34,470,111	20,727,064	106,006,826
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	26,624,852	9,813,047	14,371,752	34,470,111	20,727,064	106,006,826
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.						106,006,826

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
7	Amounts from line 4..	26,624,852	9,813,047	14,371,752	34,470,111	20,727,064	106,006,826
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	418,970	378,252	25,565	392,679	696,274	1,911,740
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						107,918,566

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

3,693,386

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 2023 (line 6, column (f) divided by line 11, column (f)) .........

98.230 %

Public support percentage for 2022 Schedule A, Part II, line 14 ...............

98.040 %

16a

33 1/3% support test—2023. 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—2022. 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—2023. 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—2022. 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) 2023

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) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(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) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(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 2023 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2022 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2023 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2022 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2023. 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—2022. 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) 2023

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) 2023

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) 2023

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) 2023

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 2023 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-2023	(iii) Distributable Amount for 2023
1 Distributable amount for 2023 from Section C, line 6
2 Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2023:
a From 2018.......
b From 2019.......
c From 2020.......
d From 2021.......
e From 2022.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2023 distributable amount
i Carryover from 2018 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2023 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2023 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2023, 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 2023. 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 2024. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2019.....
b Excess from 2020.....
c Excess from 2021.....
d Excess from 2022.....
e Excess from 2023.....

Schedule A (Form 990) (2023)

Schedule A (Form 990) 2023

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) 2023

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

2023

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) (2023)

Schedule B (Form 990) (2023) 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) (2023)

Schedule B (Form 990) (2023)

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) (2023)

Schedule B (Form 990) (2023)

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) (2023)

Additional Data

Software ID:
Software Version:

- TIN:

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.
right arrow

Attach to Form 990.
right arrow

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

OMB No. 1545-0047

2022

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 July 25, 2006, 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 right arrow

Number of states where property subject to conservation easement is located right arrow

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
right arrow

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

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 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

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 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

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

Cat. No. 52283D

Schedule D (Form 990) 2022

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 right arrow

Permanent endowment right arrow

Term endowment right arrow

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	39,548	322
d	Equipment ....	132,580	111,898	20,682
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).)..				21,004

Schedule D (Form 990) 2022

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........	4,557,443	F
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	4,557,443

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
Subscription Based Lease Obligation	189,118








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	189,118
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) 2022

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) 2022

Additional Data

Software ID:
Software Version:

- 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

2023

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) Abundance Works LLC 2 Myrtle Ave Bar Harbor,ME04609	83-0821678		10,000	The Profit Decoder Masterclass, in collaboration with Maine Center for Entrepreneurs (MCE), is aimed at addressing one of the biggest pain points for innovators and entrepreneurs in Maine's innovation ecosystem - profitability. Understanding profitability is crucial for success, yet it remains a challenge for the vast majority of businesses. This masterclass will give participants the tools and knowledge they need to engage with their financials without complex spreadsheets, math, or accounting.
(2) Acadian Composite Materials 126 US RT 1 Woolwich,ME04555	85-3294686		140,000	Acadian Composite Materials disrupts the construction industry by creating a long-lasting and high performance structural insulated panel ("SIP") from recycled single-use beverage bottles. EcoSIP fabricates SIPs through its proprietary composite technology process. EcoSIP is a cost-effective alternative to typical "stick frame" building shells, with a lower cost of materials and construction time. EcoSIP also provides superior performance in terms of insulation value and ultimately energy savings. Furthermore, EcoSIP is completely made in Aroostook County, expanding the product line of an existing business. EcoSIP will help make Maine a leader in green building technology.
(3) Alivo Inc 82 Harriet Street South Portland,ME04106	93-1927310		25,000	Our project encompasses 3 main goals: 1) to validate our the value proposition of the product, 2) to create and execute a go-to-market strategy, and 3) to understand the regulatory environment and put up the necessary safeguards to protect the company.
(4) ALM Ortho Inc 68 Mussey Road Scarborough,ME04074	85-2379397		100,000	ALM Ortho is a FDA registered orthopedic implant company that produces custom, 3D titanium-printed patient-specific orthopedic implants used for critical medical indications. We have licensed patented technology from U. Maine for implantable osseointegrated devices for amputees that are far superior to the existing FDA approved device (our prevents infections, theirs doesn't).
(5) Amply Energy Inc 51 Blanchard Rd Cumberland,ME04021	87-2647313		50,000	Amply Energy builds software to help heat pump installers sell better designed heat pump systems faster. Today, heat pump installers need to decide between doing it fast and doing it right. With Amply's software, we eliminate that tradeoff. MTI's funding will help us invest in important improvements to our UX/UI to make it easier and more intuitive to use Amply's software, as well as automating and streamlining more of their fragmented workflow.
(6) Apriqot Inc 1 Woodspell Rd Scarborough,ME04074	92-3612967		25,000	Our technology is a platform, constructed with a highly detailed model of the local community, offers unique advantages. It integrates local-level data, operates as a data frame for small-area estimates, produces estimates at any shape or scale, and ensures data security through its synthetic model. The platform's ability to provide customized local data enables more timely and informed decision-making.
(7) Atlantic Cookie Company LLC 11 Washington Avenue Scarborough,ME04074	20-3009598		25,000	Atlantic Cookie Company was founded in 2011. Our cookie the "Shuckie" was modeled after the Chinese Fortune Cookie; we feel there are missed opportunities in the seafood industry from restaurants, hotels and hospitality venues, weddings and cruise lines that the fortune cookie doesn't target. Our cookie is similar to a scallop that is hinged with a "Quotie" inside. You "Shuck It, Read It, Eat It, Love It!". The quoties can be customized to brand market. We are seeking an MTI Range 2 grant along with $49,000 from CEI for engineering, logistics (ERP and CRM) system, e-commerce website, and marketing strategy.
(8) Biofine Developments Northeast Inc 14 York St Portland,ME04101	83-3204250		339,148	Biofine Developments Northeast (BDNE) owns a proprietary technology that enables the economic conversion of waste ligno/cellulosic feedstocks into third-party verified co2 negative bioproducts. Currently, BDNE is working to finance an industrial biorefinery in Lincoln, ME (BMP-1) and requests MTI's assistance, via a $400k loan, to finalize required pre-development work stream. Each pre-development work stream culminates in a deliverable required by BMP-1's prospective investors. The $400k MTI loan is the final remaining capital required of the $1.66 million dollar budget to finalize the deliverables required to close on financing for BMP-1.
(9) Bioscience Association of Maine 28 Maple St Suite 302 Portland,ME04101	01-0500056		10,000	Each year, we offer our members and friends a way to support the life sciences industry in Maine, while simultaneously receiving a broad range of brand exposure. We have updated our annual sponsorship packages to focus on both virtual and in-person events as well as a myriad of educational programs and other benefits. This sponsorship will help us to fulfill our mission, and will promote MTI throughout our community. MTI was also a BioME Annual Sponsor in 2020, 2021, 2022 and 2023. Thank you for helping us to continue delivering value to Maine's growing life sciences industry. We've been reaching out for sponsorships this month - other than MTI, Jackson Laboratory, Roux Institute, FocusMaine, M&T Bank, LGC Clinical Diagnostics, Consigli, Marsh McLennan Agency, SMRT, Yokogawa Fluid Imaging Technologies, KMA Human Resources, Maine DECD, University of Maine and Cianbro have confirmed sponsorship so far in 2024.
(10) Black Travel Maine 10 Water St 10 Waterville,ME04901	92-2504660		20,000	We need new branding to represent our new mission of inclusivity. Our website needs to be completely redesigned and updated, including SEO, new graphics and a well produced welcome video on our homepage. We would like to refresh our current social media pages with a new layout and some new and updated video content. We also need more social media pages set-up for X, Linkedin, Pinterest, TikTok along a digital marketing strategy.
(11) bluShift Aerospace Inc 2 Pegasus Street Suite 2 Brunswick,ME04011	47-2049924		253,000	bluShift seeks funding of its Seed round to realize FAA licensing of its launch vehicle, future Maine launch site, construction of its suborbital rocket Starless Rogue and achieving a successful launch with paying customer experiments, from students from schools within Maine and across the United States.
(12) Coastal Enterprises Inc 30 Federal Street Suite 100 Brunswick,ME04011	01-0347504	501(c)(3)	66,000	CEI Women's Business Center Propeller III and Automate IT
(13) Codeweaving Inc 64 Beech Ridge Road Dresden,ME04342	26-0289299		34,965	We would like to incorporate a subsidiary business called "SlicPix" to operate in the e-commerce segment. This will give us the possibility to create an exit strategy specific for this segment as well as have the ability to use our patented technology in our other market segments.
(14) Compotech Inc 55 Baker Blvd Brewer,ME04412	45-3644973		500,000	Compotech has developed the next generation of expeditionary and modular military shelters. MINATORS can be assembled by a small group of soldiers, providing the comforts of a permanent shelter with the mobility and modularity of a temporary shelter. Compotech is seeking funding for MINATORS manufacturing equipment.
(15) Compounding Solutions LLC 258 Goddard Rd Lewiston,ME04240	01-0528909		100,000	Compounding Solutions is a custom thermoplastic compounder designing and supplying cutting-edge material technologies to medical device manufacturers globally. Our plastic compounds are used in existing devices and new devices to improve patient care and often times enable procedures that were previously not possible. We seek supportive funding to aid in the development of our compound additive technologies which reduce thermoplastic coefficient of friction, either by way of hydrophobic or hydrophilic surface interactions. These additive technologies can furthermore provide protection against thrombosis which ultimately provides patient comfort during medical procedures and reduces the risk of infections. Compounding Solutions aims to optimize our friction reduction and anti-fouling additive packages per polymer type and bring these material technologies forth to our medical device customers to use in a variety of high value applications.
(16) Croft L3C Croft Group 65 Tillson Avenue Rockland,ME04841	88-3097125		150,000	Croft manufactures high performance wall, floor, and roof panels for all building types with a focus on speed, quality, and sustainability. Our buildings utilize local straw and timber as primary construction materials, both carbon-storing materials which sequester carbon at levels unmatched by any other building system in the United States. Additionally we construct our panels with a proprietary compression system that produces exceptionally high building performance in a fraction of the time it takes with conventional methods. We are seeking additional resources from MTI in order to support our growth, which includes further development of our proprietary compression system, expansion into a new factory space, and growing the team.
(17) DealPoint Corporation 5 Seacoast Terrace Kittery,ME03904	92-0518956		25,000	DealPoint Corporation, a Maine corporation founded in 2022, developed DEALPOINT as an advanced messaging platform which allows merchants, primarily small and mid-size businesses, to connect with customers utilizing geo-targeting and data management solutions. Merchants are in complete control of their messaging and how to distribute offers to customers.
(18) DeepCharge Inc 11 Folsom Drive Biddeford,ME04005	82-4651614		50,000	DeepCharge is a pioneering technology startup that has developed innovative wireless charging solutions. Our breakthrough technology combines wireless power transmission with advanced AI capabilities, enabling intelligent charging and efficient energy management. By leveraging AI algorithms, our wireless charging systems optimize power delivery, adapt to user preferences, and provide real-time monitoring and diagnostics. We are seeking funding from MTI to support the manufacturing of our cutting-edge wireless charging products in Maine, while fostering innovation and creating high-tech job opportunities within the state. With MTI's support, we aim to accelerate the adoption of AI-driven wireless charging technology, revolutionizing how devices are powered and enhancing the user experience.
(19) Dewey Inc 26 School St Ste 2 Yarmouth,ME04096	85-3698715		75,000	Dewey is a subscription-based SaaS learning platform and program featuring multimedia, multilingual resources in wellbeing and academic achievement for parents and caregivers of school age children. Dewey is looking for Range 3 funding of $75,000 to support the development and implementation of our Summer 2023 deliverables of MathCamp and Fambassador programs.
(20) Diggables Inc 74 South St Yarmouth,ME04096	92-2192527		50,000	Our company launched a buckwheat-based snack ("Diggables") in June 2023. We have seen strong consumer interest locally, and we are already in 60 retail stores in less than 2 months. We will continue to build out our local sales, but the next phase of our development will be to build distribution and sales networks that extend into the Boston and New York metropolitan region and surrounding communities. We are hoping that Barry Wilfand - a MERC consultant - can help us build these distribution and sales networks and related marketing efforts. A more detailed scope of work will be submitted separately.
(21) Downeast Institute for Applied Research Reseach and Education Beals,ME04649	01-0452403	501(c)(3)	162,895	This project will support a collaborative effort of 3 hatcheries, NOAA's Milford Lab and others working to develop consistently successful hatchery methods to raise sea scallops. This innovation is needed to enable sea scallop aquaculture in Maine to reach a scale of significance to Maine's economy, allowing farms to create secure jobs and raise capital. The current practice of capturing spat from the wild to grow out on farms will limit the growth and success of this emerging aquaculture opportunity. Our innovation will result in at least one commercial scallop hatchery in Maine that can serve the needs of the industry and help support future growth.
(22) Efficient Surgical Apps Inc 62 Providence St South Portland,ME04106	86-2527666		25,000	JotLogs' innovation is a unique software-as-a-service product that optimizes clinical documentation using advanced machine learning. Our user-friendly platform allows healthcare providers to reduce time spent on paperwork and focus more on patient care. By offering insightful data visualization tools and ensuring data security with robust protocols, we enhance both efficiency and trust in our service. As we continue to refine and expand our services, we are seeking both funding and strategic business advice. Financial support will accelerate product development, market expansion, and support ongoing research. In addition, we're interested in gaining insights from seasoned experts in healthcare and tech sectors to ensure our product's continued relevance and competitive edge.
(23) Election Bridge Inc 100 Fore St Portland,ME04101	88-2639737		75,000	CIVA is revolutionizing civic engagement by creating a digital bridge between small to medium-sized organizations and governmental processes. Utilizing state-of-the-art AI and geospatial technology, our platform streamlines access to crucial funding opportunities, resources, and policy-making channels. We are seeking both financial investment and strategic advice to scale our successful pilot projects in Maine and Georgia, aiming to expand our reach across New England and the Southeast. Our vision is powered by a strong team with deep expertise in government, organizational development, and technology. Together, we're setting the stage for a more transparent, efficient, and participatory society.
(24) EmTech Care Labs Inc 411 Congress St Portland,ME04101	86-1531599		30,825	Marketing support for the product: 1. Develop consumer friendly messaging for the product. 2. Create digital assets including flyers, product teaser/explainer videos, etc. for both the website as well as social media campaigns. 3. Update the company website. 4. Manage social media calendar, including newsletters, community development, etc. (this can be go beyond the project timeframe, so optional for this project).
(25) Entrepreneurship for All 175 Cabot St Ste 310 Lowell,MA01850	47-1858182		150,000	EforAll Maine: Expanding inclusive entrepreneurship
(26) Environmental & Energy Technology Council of Maine PO Box 8517 Portland,ME04104	56-2344993	501(c)(3)	25,000	The Maine Technology Institute (MTI) and the Environmental and Energy Technology Council of Maine (E2Tech) share common goals, including the development of a diverse and talented cohort of subject matter experts within MTI's Environmental Technology Board, more quality MTI deal now within the sector, and the encouragement and support of individual entrepreneurs and businesses within the State of Maine toward sustainable economic growth. The purpose of this agreement is to specify the services and support to be exchanged between MTI and E2Tech, in exchange for funding from MTI in the amount of $25,000 to E2Tcch.
(27) ESM Global Products LLC 10a Gleckler Rd Portland,ME04103	83-4617402		15,000	ESM Global Productions (ESM Global) is developing NKENNE AI, the world's first artificial intelligence (AI) and machine learning (ML) enhanced African language database. Two commercial products will result: a licensed back-end engine to power translation software, and the NKENNE app, an African language self-learning program, available as single or group licenses to individuals and businesses wanting to learn African languages.
(28) Five Pillars Butchery House of Meat 119 Bangor Road Unity,ME04989	82-1674401		55,000	Culturally Significant Meat Processing in Maine
(29) Fork Food Lab 95 Darling Ave South Portland,ME04106	45-4116596		500,000	Fork Food Lab 2.0
(30) Fresh Pickins Farm LLC 29 Linnell Rd Windham,ME04062	45-4934809		6,000	Strategy consulting to accomplish the following objectives: - Development of a content marketing strategy that will guide the execution of asset production - Planning the execution of all content creation that will support tactical marketing effortsMarketing support to dive campaign goals: - Launch of a Digital Asset Management platform to optimize marketing operations - Ongoing support to execute on tactical marketing efforts
(31) Gel Hydration Technologies Inc 40 Johnson St Bangor,ME04401	47-5198032		25,000	Gel Hydration Technologies Inc., is a ME based biotech manufacturing company in Bangor, ME. Our goal is to manufacture edible gel products for animals and address hydration issues for animals on the go. The MTI award of 25k will be used to get our factory operational and being to pay our employees.
(32) Go Lab Inc 137 High Street Belfast,ME04915	82-1220447		990,000	Capital Support for First U.S. Wood Fiber Insulation Plant, GO Lab, Inc. Madison, Maine.
(33) Good Shepherd Food Bank 3121 Hotel Road Auburn,ME04210	22-2986809		500,000	Investing in Maine's first at scale green vegetable processing supply chain.
(34) Goodfocus LLC 5 Guptil Avenue Freeport,ME04032	26-4084019		8,595	I am seeking someone with extensive leadership experience in the SaaS market, particularly with products relating to HR, to be a fractional co-CEO. The core goals are to create short and medium term strategic plans to improve our product/market fit, to identify untapped markets and to prepare for further rounds of funding - loans, investment, grants.
(35) Greater Portland Immigrant Welcome Center 24 Preble Street Portland,ME04101	82-2844735		105,500	Maine Immigrant Business Accelerator
(36) Greenlight Maine Fund Inc 39 Steeple Chase Rd North Yarmouth,ME04097	82-3052488		75,000	Promote and invest in innovation, entrepreneurship, and growing Maine's economy by promoting businesses in pitch competitions where they are awarded thousands of dollars to scale and create jobs.
(37) Gulf of Maine Research Institute 350 Commercial Street Portland,ME04101	01-0504905		220,000	The goal of the summit is to bring together blue economy start-up founders, investors, and resource providers to discuss emerging investment trends, acquisition activity, showcase promising blue economy startups and early-stage companies, and highlight the programs that are supporting the growth of the sector within Maine and beyond. We held our first event earlier this year, you can view the agenda here, and are very excited to bring the program to Maine as a partnership between Blue Venture Forum (out of Rhode Island) and GMRI/Gulf of Maine Ventures. We hope that this may end up being a regular event.
(38) Halo Med LLC 10 Birch Ln Scarborough,ME04074	85-0542184		60,000	SimKit needs to target its marketing and advertising to reach our customer base. We want to work with a marketing firm to target physicians through an advertising campaign.
(39) Health Economy LLC 31A Indian Ridge Rd Yarmouth,ME04096	56-2378206		6,675	The funding I am seeking is for a public relations professional to oversee publicizing the results of our research on the program's impact on people's attitudes toward poverty. We have conducted this research and are currently analyzing the data.
(40) Health For Mankind 254 Commercial St Portland,ME04101	87-1934104		30,000	Diabimetrics aims to transform diabetes management for minority communities by bridging accessibility and affordability gaps. Our success vision includes reducing diabetes-related complications, establishing market leadership, and serving as an educational and community-building tool. Continuously innovating, we aim to stay ahead in tech and medical advancements, with aspirations to expand our platform to manage other chronic conditions, ultimately enhancing the overall health of minority populations.
(41) Hey Freya Co 9 Silver St Portland,ME04101	88-0726820		6,600	The project we wish to pursue through MERC pertains to our overall brand positioning and go-to-market strategy, specifically efforts to accelerate and improve our customer acquisition and retention. We are seeking assistance with content development, ongoing customer engagement, and partnership collaborations through MERC. MERC's funds will support digital content creation, customer service, and partnership identification. These funds will also support cross-promotion efforts on social media, beginning with Instagram and Facebook, the two most prominently used platforms for our target demographic (women ages 25 to 45).
(42) Holy Donut Inc 1189 Portland Rd Arundel,ME04046	45-4046257		100,000	Potato Donut Manufacturing
(43) Home Grown Fuels LLC 182A Katahdin Ave Millinocket,ME04462	87-4779267		15,000	Home Grown Fuels received a phase 1 award from USDA for PFAS remediation of contaminated soils found on Maine farmland. We are planting hemp and two native grasses in soil with known PFAS contamination and taken from Machias, Presque Isle and Arundel. We are applying our biochar made/sourced by Home Grown Fuels to enhance the phytoremediation capabilities making the plants grow bigger, faster, stronger and thus crating a larger root base to pull more chemicals from the soil. Plants and soil will be shipped to UAlbany to study if chemicals were pulled soil and into the plant. The contaminated plants will be remediated in our gasification system at temperatures that break down the PFAS bonds. The bioremediations circle will be complete. We would like to apply for phase two funding and take our process from the indoor grow house to the farmland and begin working with farmers.
(44) Hound Bio Inc 74 Orion St Brunswick,ME04011	87-4942030		50,000	The field of mRNA therapeutics is limited by the fact that mRNA is inherently unstable. Traditional mRNA formats have a half life of minutes to a few hours depending on the test conditions. Hound Bio is going to explore mRNA formats that have extended stability with the potential to extend mRNA half-life to a day or more. This is a crucial step in the development of Hound Bio's cellular therapy for the treatment of canine cancer.
(45) InnoMetrix Inc 620 Feylers Corner Rd Waldoboro,ME04572	93-2727924		11,750	Steve Bailey and Dave Phillips are building InnoMetrix, an Innovation Performance Management software solution, that allows large enterprises to connect the dots between innovation and performance. We are approaching MVP with our solution and are engaging MTI for grant/financial and advisory assistance. There is a growing market for solutions like InnoMetrix and we have pilot project interest from prospects. We are excited to build a Maine-based company that provides career opportunities for Maine people.
(46) Island Institute PO Box 648 Rockland,ME04841	22-2786731	501(c)(3)	200,000	Sea Change: Electric Propulsion for Maine's Working Waterfronts
(47) JL Rich Timber Harvesting LLC 47 Westford Hill Rd Hodgdon,ME04730	47-5053746		500,000	New Cut to Length Operation
(48) JRKT Inc 28 East Grand Ave Old Orchard Beach,ME04064	92-3621912		50,000	We sell a personalized, a.i. powered career advisor to companies of around 100 employees and more. The problem they have is a lack of scalable solutions to solve employee engagement and retention issues, and we are addressing that with breakthroughs in artificial intelligence and automation. Our solution is different from current alternatives because it leverages large language models to make for a superior end user experience.
(49) JuryDat LLC 179 Pine St Portland,ME04102	93-1471721		25,000	JuryDat is a software platform (I'm the founder/creator/operator) which houses juror data more specifically the likely political views on about 140 hit button issues. Public data which is very costly to an individual attorney for an individual case and difficult to get their hands on. The software has a voir dire component which allows for note taking on a juror live in court, rating, ranking, color coding the jury pool. The data exposes underlying bias' of jurors allowing the attorney to select the most unbiased jury possible. JuryDat gives the gift of time and information. It has been used successfully in numerous civil and criminal cases. I need funding to keep data updated (need to purchase new data yearly as the likely views change and need to update software and features.
(50) Kennebec Lumber Co PO Box 288 Solon,ME04979	01-0527516		202,000	Flooring Mill Technology Upgrade
(51) Kennebunk Counseling LLC 62 Portland Rd Kennebunk,ME04043	83-2752081		25,000	Balanced Card Sorts offers simple, upstream solutions that help student and employees clarify, vocalize, and take meaningful action toward their wellness, career, and work-life balance goals, while offering their institution timely data insights to inform programs and interventions. We are seeking a Range 1 grant award.
(52) KinoTek LLC 22 Monument Sq Ste 201 Portland,ME04101	83-2336739		1,000,000	Kinotek is a B2B SaaS platform that uses AI-driven technology deliver fast, objective human movement metrics. It is a disruptor in the $420 billion musculoskeletal health market where clinicians currently rely on a plastic ruler to measure range-of-motion and mobility. Since FDA registration and market launch in August 2022, sales have reached $245k ARR across 31 states. Kinotek is seeking funding $2M in funding to accelerate sales to $1M ARR and Series A. MVF has already committed to matching up to $1M, so our actual raise is $1M via Convertible Note at a 20% discount, $18M cap, and 8% interest.
(53) Kit NA Brewing Inc 65 Hanover St Portland,ME04101	92-3612573		7,982	As more craft non-alcoholic beers enter an increasingly competitive marketplace, Kit NA Brewing needs an updated packaging identity system to solidify its seat on the shelf as a legitimate contender. This packaging redesign project will provide Kit with an updated look of its packaging (inclusive of cans and cartons) that will flow throughout the rest of the brand and be a fully aligned brand refresh. Included within this project is research (competitive and brand audits), updated can and carton designs, research for validation of those designs, and finalized digital files for print. This refresh will become the foundation of the Kit brand.
(54) Leisure Group Tech 91 Auburn St Portland,ME04103	92-2975049		45,000	Our Leisure Group Tech software is designed to allow you to plan and coordinate events of all types and sizes. Our software is designed to streamline the event planning process. Our software is user-friendly, efficient, and customizable, providing a seamless experience for all users. With our software, you can focus on delivering exceptional travel and event experiences for your clients while we take care of the administrative tasks. We are committed to making our software available to everyone include those located in rural areas and from the the BIPOC communities interested in starting local businesses from home. I am seeking MTI funding to help us with the redevelopment of our software to multi tenant software for commercialization so we can offer software as a service (SaaS) to the millions of other event professionals around the World.
(55) Lowry Aeration Systems Inc 39 Eisenhower Dr Westbrook,ME04092	01-0405542		6,900	Rebranding, marketing and PR for growth.
(56) Maine Aquaculture Innovation Center 193 Clarks Cove Road Walpole,ME04573	01-0467869		5,900	See Part IV Supplemental Information
(57) Maine Center for Entrepreneurs (V) PO Box 8628 Portland,ME04104	01-0510641		100,000	MCE is seeking matching funding to support an application to EDA's Build to Scale Program to establish a Maine Bioscience Cluster Initiative to serve Maine's emerging life sciences innovators. MCE will scale our existing Top Gun and Cultivator programs and develop specific curricula to serve biosciences companies from "idea stage" to startup, and through scale-up. MCE will partner with TechPlace and the Union River Center for Innovation to host a Top Gun like accelerator at each location annually. In addition, we will hire a "Bioinnovate Champion" to support, nuture, and educate bioscience researchers and entrepreneurs on taking their innovation from the lab to the market. Finally, MCE will work with established bioscience companies to help them gain marketshare, expand markets, and become more profitable.
(58) Maine Discovery Museum 74 Main Street Bangor,ME04401	01-0527022		7,500	The Maine Science Festival (MSF), which launched in 2015, is the first and only science festival in Maine and an independently funded program of the Maine Discovery Museum. Since conception, we've had 10,000 people join us every year at the MSF, where we showcase the science (and technology) happening in Maine, using the format and structure of an arts or music festival. We produce public science events - forums, workshops, talks, art exhibits, film screenings, and hands-on activities - that focus on the science happening and being used in Maine. We bring Maine science to the public.
(59) Maine Fly Company 1385 North Rd North Yarmouth,ME04097	83-3086294		25,000	It is estimated that more than 3 million pairs of waders are purchased annually by fly fishing anglers. The lifespan of waders falls in the 35-year range. Current day waders take centuries to biodegrade. There is no current dedicated product line sold today using locally sewn repurposed waders. Maine Fly Company is in a strong, yet time sensitive position to offer soft good to anglers with positive environmental impacts nationally made from these repurposed waders.
(60) Maine International Trade Center 2 Portland Fish Pier Suite 204 Portland,ME04101	01-0509118	501(c)(3)	11,500	Members Supporting Members (MSM) brings Maine's international business community together. Our impact is evident in the success of Maine companies entering and doing business in markets around the globe, which supports Maine jobs and strengthens our economy. Working together helps everyone grow and prosper.
(61) Maine Laboratories LLC 25 Main St Norridgewock,ME04957	88-2921641		50,000	Maine Laboratories is a startup analytical testing facility that strictly focuses on per-and polyfluoroalkyl substances (PFAS) testing and sample collection. Maine Laboratories is excited to build a Biotechnology company in the middle of central Maine. We believe providing stable jobs in the sciences working on the PFAS problem that is affecting so many Maine residents will encourage younger people to remain and pursue careers in the state of Maine, particularly central Maine. This grant application if for 50k in funding to support our office space expansion. Once complete, we will move our Lab Tech office space out of our primary lab space, opening up room to double our equipment. Doubling our equipment allows Maine Laboratories to scale up in sample volume, provides security against system maintenance or downtime, and provides capacity to develop additional methods and sampling techniques without affecting our turn around time commitment.
(62) Maine Mathematics & Science Alliance 343 Water Street Augusta,ME04330	22-3181644		25,000	Maine State Science Fair (MSSF) - We support high school educators year-round in their quest to bring students to MSSF. This event, held each spring, gives students the opportunity to share their STEM passions with peers, judges, and the general public. The 2023 event convened 195 students and their families from 22 schools in 8 counties. 112 volunteers from 54 Maine businesses and institutions served as judges, encouraging students while selecting winners for categories, special awards, and scholarships. The event offered over $775,000 in financial aid to 11th- and 12th-grade participants. Our partner is The Jackson Laboratory, which manages logistics for the event. (Note: dates and participant numbers entered below only reflect this event).
(63) Maine Outdoor Brands Inc PO Box 513 Portland,ME04102	82-2561027		76,910	Outdoor Industry Cluster Development
(64) Maine Plywood USA 17 Lander Street Bingham,ME04920	86-1422890		559,215	Maine Plywood is building the only plywood mill in North America to manufacture Plywood underlayment. It will also be the ONLY plywood mill in New England. This plant is being built to replace the Multiply plywood plant that burnt down.
(65) Maine Shellfish Technologies LLC 8 Indian Woods Road Scarborough,ME04074	81-0913605		14,460	We are developing a new version of a lobster meat extractor for lobster processors. This new process is utilizing existing technologies we have developed that will greatly simplify the current process and cut $500K from the cost of the machine making it easier to market and sell. To do this we will be eliminating the vision guided lasers that cut the shell. We will be replacing this technology with parallel gripping cutters that will cut the shell when they enter the meat extractor. The consulting project we are seeking assistance with is re programing the vision guided robot front end of the machine to de-clump and orient product entering the meat extractor. In addition, the meat extractor itself will require reprograming to operate the parallel grippers, new waste shell reject system, and breaker bar.
(66) Maine Small Business Development Center Research Service Center 96 Falmouth Street P O Box 9300 Portland,ME04101	01-6000769		100,000	MTI will provide MSBDC with funding in the amount of $100,000 to be paid in two semi-annual installments upon receipt of semi-annual reports to assist the MSBDC in its mission to assist and support Maine's entrepreneurs and small business owners, especially in the technology clusters.
(67) Maine Space Grant Consortium 87 Winthrop St Suite 200 Augusta,ME04330	01-0532411		7,500	President of STEM Engagement, will be our morning keynote speaker on Monday, November 6. Mr. Kincaid will share his thoughts about the Future of Space, NASA's plans for engaging the nation in the future of space (Moon and beyond and on Earth), the importance of STEM engagement to ensure the nation's leadership role in its future in space, and a few words on how a small state like Maine can play a significant role.
(68) Monroe Infrared Technology Inc PO Box 522 Brunswick,ME04011	01-0477748		25,000	ADEPT is the proprietary software platform Monroe Infrared Technology developed to deliver meaningful safety and actionable post-inspection data to our utility clients. Electric utility structure inspections entail sUAS (drone) high-resolution visual and/or infrared data collection, professional inspection by experienced licensed journeyman linemen to identify potential faults and issues, client deliverable via secure online dashboard with all pertinent GIS, GPS, FLOC ID Numbers, inspector comments identifying issues & a severity rating, plus links to every accompanying photos. The deliverable can be completely customized to each client's particular needs, including complete estimate of labor required and materials list for identified repair needs to a mobile friendly GIS dashboard for the lineman on the ground.
(69) ND Evergreen LLC 24 Portland St Old Town,ME04468	86-2534714		495,000	ND Paper Rumford Division PM15 Rebuild
(70) Nearpeer Inc 63 Federal Street Portland,ME04101	82-1621129		50,000	This is an application for MTI to participate in our current bridge investment opportunity to accelerate Nearpeer's growth.
(71) NEC Group 384 Harold L Dow Hwy Eliot,ME03903	92-0512647		25,000	Our technology streamlines the engineering process and production methods of a low volume sportscar chassis. This allows for our company to quickly design a safe, easily manufacturable structure. By shortening the development process for a baseline chassis, we can better focus on integrating bespoke features onto the vehicle to provide a premium ownership experience for our customers. By receiving funding we will be able to finish our rolling chassis prototype and begin marketing, testing, and pre-production deliverables.
(72) NetGreen Capital LLC 53 Barton St Presque Isle,ME04769	88-2145321		15,933	NetGreen Capital LLC operates netgreen.com which is a crowdfunding platform. Netgreen.com helps find investors (both retail and accredited) for farms that utilize sustainable and regenerative agriculture. NetGreen Capital LLC is seeking funding to successfully operate and fund its first 2 investor campaigns for REINE Corporation.
(73) New England Karting Challenge 290 Crowell Hill Road Vassalboro,ME04989	83-1174803		25,000	The innovation for which we wish to seek Range I Grant funding is a fully electric powertrain for competition go-karts. Through customer discovery, we have learned that prospective racers are not starting their Motorsports journeys in go-kart racing because they are apprehensive about maintaining a competition gasoline engine, which can be temperamental at best. Developing an electric, zero-maintenance, zero-emissions kart powertrain will help newcomers enter the sport and will serve as an economic engine to the numerous businesses that directly or indirectly support racing activities throughout Maine and New England.
(74) New England Ocean Cluster LLC 68 Commercial St Bldg C Fl 2 Portland,ME04101	37-1820751		99,700	This Innovation Ecosystem application is to support 3 of the 5 projects in New England Ocean Cluster's Transforming the Blue Economy program. This portfolio of projects focuses on advancing and modernizing Maine's ocean focused industries into the value add economy and best practices to grow revenue. These are economic development focused projects that educate and engage entrepreneurs, business leaders and community members while bridging the gap to the research and capacity needed to solve for the unique challenges each new product or company faces when developing something new.
(75) North Spore LLC 921 Riverside St Portland,ME04103	47-1865078		500,000	We are seeking funding to further expand our digital marketing and sales team, as well as create a human resources department. We are in a rapid growth and hiring phase as we begin to take advantage of our new manufacturing facility and scale up our successful, innovative products. These investments will ensure more continued growth, create a number of well-paid and specialized jobs, and contribute to the personnel infrastructure we need to stay on our trajectory and fully support our growing revenues, brand and team.
(76) Northeastern University 360 Huntington Avenue 130 BV Boston,MA02115	04-1679980		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 Intelligence, Data and Computer Science, Sustainability, and The Modernization of Natural Resources. Two key components of this program are our 13 week accelerator program and our year long startup residency.
(77) Northern Spent Grains LLC Diggables 74 South St Yarmouth,ME04096	92-2192527		12,150	Diggables has made strong progress in getting interest from out-of-state retailers and distributors throughout the Northeast for our buckwheat snacks. After the products get on store shelves, it will be important to incentivize shoppers in these new markets to try these new snacks. Since these new retailers will be farther from home, I am hoping that an experienced consultant can help identify and implement a strategy that can't rely on local relationships. Couponing, manufacturer's cash back incentives, and other monetary incentives may be more effective.
(78) Ocean Approved Inc 20 Pomerleau St Biddeford,ME04005	20-5004644		7,198	A consultant that can help us find a cost-effective way to dry Maine grown kelp in large quantities. The previous drying partners Atlantic Sea Farms has worked with do not have the capacity and are too costly to dry seaweed this year. Rescale Supply specializes in connecting business with co-packers to assist companies in producing their products to the desired spec at the desired price point.
(79) Ocean Data Network Inc 183 Middle St Ste 200 Portland,ME04101	89-2965738		24,350	Ocean Data Network's core competency is sub-surface oceanographic data collection in collaboration with the fishing industry which we offer to customers ranging from the Navy to blue economy financiers with a data collection as-a-service model. For this project we are expanding our offering to include surface weather stations that integrate with each fishing vessel's wheelhouse electronics systems giving captains real time temperature, barometric pressure, and wind speed/direction while also recording and sending weather data in real time via satellite internet to forecasters. Feeding this additional data stream into local forecasts will create a safer operating environment for all maritime stakeholders. This is a project we've done the technical development on over the past year and we are confident that we can integrate the technology with fishing vessels along the Maine coast. We are looking for funding to procure the hardware necessary to establish the network.
(80) Ocean's Balance PO Box 2150 S Portland,ME04106	81-2787981		135,714	We operate an innovative seaweed dehydrator for use in processing harvested seaweed by both our own company and by other seaweed farms. Ours is an in-demand, differentiated solution to the aquaculture industry-wide roadblocks related to processing very large volumes of farmed kelp during a short harvest season. With additional technology and support from MTI, we will be able to further automate and make efficient this important process that addresses a major untapped commercial opportunity that Maine is ideally positioned to capture. Our solution is different from current alternatives because our dehydrator is energy efficient, low temperature, and automated and allows for processing high volumes of seaweed in a short amount of time. There is also an integrated milling system that allows for the kelp to be milled to any particle size after dehydrating, which is a requirement by virtually all buyers.
(81) Opolis Optics LLC 662 San Juan Ave Venice,CA90291	85-0665626		25,000	For the StokedPlastic collection, Opolis founder James Merrill worked with the manufacturing and research labs at the University of Southern Maine to develop a patent-pending blend of recycled Polyethylene Terephthalate (rPET) made from ocean and landfill plastic water bottles. The combination of durability and surface refinement Opolis is achieving with rPET was previously only achieved with virgin plastics. Eventually, this technology will be used to make other durable goods. This work with recycled plastic water bottles is industry-leading and has the opportunity to do a massive amount of good in the world.
(82) Orono Spectral Solutions 25 Freedom Parkway Unit 2 Hermon,ME04401	20-1477938		6,000	Developing the financial information and other details of the project.
(83) Our Katahdin PO Box 293 Millinocket,ME04462	47-2382072	501(c)(3)	128,829	Our Katahdin is pioneering a new model for rural industrial parks by transforming its 1,400-acre former mill site in Millinocket into a 21st century industrial park that is (a) community-owned, (b) focused on the future of bio-based and digital economies and (c) powered by renewable energies.
(84) Our People Inc 110 Marginal Way Unit 741 Portland,ME04101	82-2172170		300,000	OurPeople.com provides employee communications and operations software to the hourly workforce in businesses of all sizes across the US and the UK.
(85) Pact App Inc 2 Pegasus St 115 B Brunswick,ME04011	86-3213287		25,000	Our innovation is Fwego, a SaaS solution for the travel industry that streamlines destination management for travel businesses and their customers. Our platform centralizes communication, booking, coordination, schedules, and payments, freeing valuable time for travel industry professionals to focus on sales and deliver outstanding customer experiences. We seek access to funding to develop our platform further and expand our reach. Additionally, we seek business advice from experienced professionals to help us achieve our goals and maximize our impact.
(86) Paramount Planet Product 42 Mill St Orono,ME04473	83-0523561		7,500	We need assistance with organizing our accounting to suit our National Science Foundation federal grant requirements.
(87) Parity Healthcare Analytics Inc 7302 Gateway Circle Scarborough,ME04074	85-2847422		75,000	We created a unique software as a service solution for family birthing centers who need a method for tracking and reporting the acuity based nurse to patient staffing ratios in their units. The funding we seek will provide us the ability to automate reporting and analytics for our customers as well as drive growth through a new website, digital marketing strategies, and additional industry conferences that our target customers attend.
(88) Peaks Renewables Inc 10825 E Geddes Ave Suite 410 Centennial,CO80112	84-4473769		50,000	Peaks Renewables, Inc. ("Peaks"), a subsidiary of Summit Utilities, Inc. ("Summit"), is planning to construct an anaerobic digestion facility in Clinton, ME. Peaks intends to develop, build, and operate the anaerobic digestion facility, collecting and processing dairy cow into renewable natural gas ("RNG"). Dairy farms typically manage manure by storing it year-round in large open-air lagoons, accessing it when needed to spread on fields as fertilizer. In these lagoons, the manure decomposes, creating harmful greenhouse gases (GHGs) such as methane and carbon dioxide. Unless captured, these gases enter the atmosphere. Peaks anticipates that the digester facility will prevent the release of thousands of metric tons of carbon dioxide equivalents annually. This project is consistent with the goals of Maine's Climate Action Plan. Capturing emissions from dairy cow manure and using it as renewable energy contributes to the achievement of Maine's climate goals and agricultural goals.
(89) PragmaClin Research US Inc 100 Fore St Portland,ME04101	35-2814741		50,000	PragmaClin has developed PRIMS, a digital tool for assessing, analyzing and rating Parkinson's disease progression. PRIMS uses depth cameras to capture movement data and surveys to capture patient-reported data. All data is analyzed and scored using machine learning software. We need to gather user and payer feedback on the potential uptake of PRIMS in the market, determine what reimbursement codes the system will fall under, and develop a reimbursement strategy for the US market. We will hire a consultant to deliver these services. We will also travel to Indianapolis to attend a health conference to demo the solution, present PRIMS to users and payers, and enter a pitch competition.
(90) ProsperityME PO Box 8013 Portland,ME04101	80-0362127		250,000	Individual Development Account Program
(91) Pumpspotting Inc 150 Rollingwood Rd Eliot,ME03903	84-4427076		253,000	Pumpspotting is making the world more inclusive for feeding families. Our tech-enabled solution helps companies provide baby-feeding support to their employees, customers, patients, and guests. We are raising our Series Seed2 Round to support our growing enterprise customers and build out technology to expand into the healthcare market.
(92) Radiolife Co 2810 N Church St Wilmington,DE19802	86-1682073		30,000	Radiolife is developing its flagship medical device, Cube Scan, to sell to healthcare providers and diagnostic laboratories. The problem with current diagnostic technology and systems is that they are expensive and slow they rely on reagents, which are expensive and require a biochemical reaction to occur to analyze each sample such as in an RT-PCR diagnostic test. Radiolife seeks funding to continue developing Cube Scan to address this problem by using radiofrequency signatures identified in patient samples combined with AI modeling and deliver accurate and cost-effective diagnostic test results in under 20 seconds without reagents. Our solution is different from current alternatives because it's smaller, cheaper, faster, and has the potential to be non-invasive. Additionally, Radiolife's innovation can be deployed in a variety of settings, including point-of-care and low-resource environments, making it versatile and adaptive to different customer and community needs.
(93) ReEnergy Biomass Maine LLC 159 Wolf Rd Ste 301 Albany,NY12205	86-2999891		216,216	Biochar Production
(94) Relax LLC 101 Cianbro Sq Pittsfield,ME04967	61-1963671		54,500	Relaxx App is innovating in ways that other mindfulness and meditation apps have yet to explore. Our app not only provides valuable resources to individuals seeking to improve their mindfulness journey, but it also offers a unique solution for employers to promote essential mindfulness regarding safety, health, and overall well-being in the workplace. As the first mindfulness app to offer a real business ROI, we're breaking new ground and providing businesses with an innovative way to support their employees' mental, emotional, and jobsite health.
(95) ReVert Technologies Inc 74 Orion St Brunswick,ME04011	83-4091447		50,000	ReVert engineers, designs, programs, and manufactures IoT power adapters that are managed by an AI to automatically turn unused and underutilized appliances off and on, saving energy and reducing carbon emissions for people, businesses, and our planet.
(96) RMT Tech LLC 36 Runnells St Portland,ME04103	87-0923410		25,768	ReachMyTeach, developed by a student-teacher team in Maine, reduces accessibility barriers in school-home communications and supports reaching all families through email, text, WhatsApp and more, with seamless two-way translation in over 130 languages. ReachMyTeach also offers access to live on-demand interpreters through video calls and district-wide alerts in one convenient platform.
(97) Robbins Lumber East Baldwin LLC PO Box 9 Searsmont,ME04973	86-3728027		495,000	Better Utilization of the Eastern White Pine Resource through Implementation of Value-based Scanning
(98) RockStep Solutions Inc 48 Free Street STE 200 Portland,ME04101	46-3850239		1,000,000	RockStep develops and delivers SaaS solutions for managing data and operations for drug discovery and life sciences research. The company seeks $1M in equity investment from MTI to accelerate sales revenue growth through.
(99) Roux Institute 360 Huntington Ave 130 BV Boston,MA02115	04-1679980	501(c)(3)	550,000	The goal of the proposed BioIN Incubator and BioPILOT Lab initiatives is to create a pilot incubator and prototyping space for life science companies. Our hypothesis is that leases for turnkey wet lab space and access to capital equipment and scientific experts will facilitate success and growth of startup companies, leading to job and revenue growth in Maine's burgeoning bioeconomy.
(100) Safely Styled LLC PO Box 91 Bangor,ME04401	84-3943922		25,000	Safely Styled, LLC is seeking a $25,000 MTI grant to manufacture the only hair accessories designed to be safe for baby and toddler girls ages 0 to 3 years to place in their mouths as their hair starts to grow. Safely Styled hair accessories are non-toxic and food grade (FDA compliant), washable, reusable, stylish, and most importantly do not present a choking hazard. Safely Styled, LLC has a pending non-provisional utility patent to protect the right to sell these innovative hair accessories across the U.S. Market research demonstrates there is a place and significant desire in the market for hair accessories that are safe to be placed in a child's mouth as they grow, learn, and explore.
(101) Salmonics LLC 74 Orion St Ste 1 Brunswick,ME04011	00-6767094		5,639	Salmonics develops and manufactures products targeted for use in the veterinary and human health sectors, which require verifiable quality system procedures. Diversifying our customer base is a component of our strategic plan. Establishing documented procedures and retaining records of our quality management system (QMS) processes will demonstrate our commitment to a formal quality management system. ISO 13485 is the international standard for medical devices. It is routinely used by suppliers to medical device manufacturers and other regulated biomedical companies around the world. We have, together with MMEP and a selected consultant, developed a SOW which outlines an implementation plan to incorporate ISO 13485 requirements into our existing QMS.
(102) Saltwater Classroom 18 Trim St Camden,ME04843	83-2687170		25,000	To further our goal of creating a global network of learners with lifelong commitment to ocean stewardship, we are designing an online ocean education platform that will connect students to their communities and the natural world through hands-on learning experiences. The accessible nature of our app will reduce financial and geographic barriers to ocean literacy, creating a more diverse network of ocean-focused learners and problem solvers. We are seeking funding to support the creation of our immersive and innovative ocean education app.
(103) Selkie 57 Exchange St Portland,ME04101	93-1642689		25,000	At Selkie, we seek to revolutionize the relationship between consumers and brands. We will establish a seamless bridge that: - Empowers individuals to control and monetize their digital data - Enables brands to build direct relationships with consumers and deliver personalized experiences based on consent-based data
(104) Senscio Systems Inc 215 Ayer Rd Unit 797 Harvard,MA01451	26-4277771		100,000	Senscio is the leading remote Chronic Health Management company, serving members with complex chronic health conditions. Leveraging Medicare billing codes, Senscio provides chronic care management and remote patient monitoring services through managed and partnered medical practices.
(105) Service Corps of Retired Executives Association 22 Rear Free St Portland,ME04101	52-1067290		50,000	MOU 2022-2024
(106) Shellfish Solutions 91 Water St Castine,ME04421	82-3973177		6,000	Help with a part-time CFO.
(107) Shucks Maine Lobster LLC 15 Myrtle Drive West Gardiner,ME04345	01-0539128		400,000	Shucks Maine Lobster has become an internationally award winning Maine Lobster processor of innovative value-added products utilizing state of the art HPP technology. We currently have 60 employees in a 26,000 SF facility. Shucks is on the verge of significant growth with immediate plans to expand into a new state of the art Gorham facility; dramatically increase its product line; add 20 new jobs; and sign new agreements with two major players in the Maine Lobster industry. This growth is based on the purchase of a new state of the art HPP machine that will increase production by 50%.
(108) SledTRX LLC 11 Primrose St Winslow,ME04901	86-2495092		15,000	We are looking for individuals with expertise in software development, mobile app development, and database management. By collaborating with talented developers, we aim to improve the functionality, user experience, and scalability of our platform. If you are passionate about snowmobiling and interested in joining a dynamic team, we welcome your assistance in helping us take SledTRX to the next level.
(109) Small Enterprise Growth Fund Maine Venture Fund PO Box 63 Newport,ME04953	01-0547239		10,000	We are requesting $10,000 in sponsorship for the Maine Startup Challenge.
(110) Spreading Good Inc 58 Free Range Lane Yarmouth,ME04096	88-3368119		50,000	Harvest Maine makes healthy snacks from farm seconds and agricultural by-products, thereby generating greater profitability for Maine farms and helping reduce some of the food waste that is so prevalent throughout the food system. We seek a $50k grant from MTI to help our young business scale to a size that makes our business model profitable and supports our growth into multiple lines of healthy snacks that create a viable secondary market for agricultural products that are underutilized or going to waste.
(111) St Germain 846 Main St Westbrook,ME04092	01-0474787		50,000	Updating existing Sentry EHS software to new architecture, because current architecture is becoming obsolete. Sentry EHS helps our clients achieve and maintain compliance with EHS regulations.
(112) Startup Maine Inc 1 Upper Falls Road 602 Biddeford,ME04005	82-4792702		25,000	See Part IV Supplemental Information
(113) Sustainable Sea Products 5 Winding Way Portland,ME04106	92-4007173		33,000	Sustainable Sea Products (SSP) is a Maine-based company that specializes in creating environmentally friendly molded fiber packaging and paper products made from locally sourced seaweed and kelp. Our mission is to support local industries and communities while reducing the environmental impact of traditional packaging and paper production. Our primary goals include developing a sustainable line of molded fiber packaging and paper products, expanding our market reach, and contributing positively to the environment and local economies. In order to do so, we are seeking funding for the research and development of our products and patenting our idea.
(114) Tanbark Molded Fiber Products 34 Spring Hill Road Saco,ME04072	88-0598822		984,215	Hybrid Molded Fiber clamshell pilot project, Tanbark Medical Materials Market, Debt Financing to purchase equipment to increase capacity by 200%
(115) The Jackson Laboratory Sponsored Programs 600 Main Street Bar Harbor,ME04609	01-0211513		10,000	The Maine Biomedical Innovation and Technology conference (BIT) is a new program focused on current and emerging biomedical research and how these activities advance the Maine economy in line with the state's 10-year economic development plan.
(116) Tootie's Tempeh Inc 10 Westpoint Ln 202 Biddeford,ME04005	84-3429008		25,000	MTI has supported us with 2 previous grants to develop and scale equipment to innovate tempeh fermentation to be plastics-free, a first for commercial tempeh-making in the US. We are now applying for a 3rd innovation grant to automate a key production step in the plastics-free fermentation process: bean panning. With proof of concept already completed, we will work with partners at the Advanced Manufacturing Center (AMC) at UMaine to design, prototype and build a piece of equipment that will reduce production time from 3 to 5 minutes per pan to less than 20 seconds per pan.
(117) Turning Acquisitions LLC 46 John Ellington Rd Buckfield,ME04220	81-3896247		230,000	Expand WWTF's Reach with New Products and New Technology
(118) UNAR Labs LLC 795 Congress Street Portland,ME04102	82-3199429		10,000	Gaining access to digital graphical information such as graphs, charts, and maps, is one of the biggest challenges to success for people who are blind or visually-impaired (BVI). The visually rendered nature of graphic content means that BVI people are unable to perceive this critical information, resulting in negative impacts on their educational progress, employment opportunities, navigational efficiency, and myriad other activities of daily living (ADLs). Consider for instance a blind student who needs to work on class assignments or take a standard aptitude test (SAT) in STEM curriculum. Accomplishing tasks such as answering a question based on a bar graph are often difficult (or impossible) without graphic access, forcing the student to rely on a sighted-individual for assistance. UNAR Labs will address this major unmet need by providing BVI people with real-time access to digital text and graphical materials via development of an novel information access solution.
(119) University of Maine Office of Strategic Partnerships Innovation Resources and Engagement Orono,ME04469	01-6000769	501(c)(3)	239,128	The university of Maine has a variety of activities that are funded by MTI
(120) UpStart Maine Inc 20 Godfrey Drive Orono,ME04473	81-3181065		136,500	Strengthening the Bangor Region's Agri-Food Tech Entrepreneurial Ecosystem
(121) Viable Gear PO Box 10646 Portland,ME04104	88-3439211		10,000	Viable Gear is using seaweed to replace plastic in the aquaculture and fishing industry. Viable Gear is a current recipient of a NOAA SBIR Phase I and will be applying to the NOAA SBIR Phase II that should be opening up soon.
(122) Visual Access Technology 45 Intervale Road Freeport,ME04032	06-1322399		25,000	The project consists of licensing Advantage Point to high school administrators, students and their families, providing both college selections and career guidance/opportunities for students in their post-secondary life in Maine. In addition, businesses that are providing jobs and training will be offered an opportunity to subscribe to Advantage Point so they can be featured in the students search results and obtain metrics to help evaluate their messaging.
(123) WAVED Medical LLC 20 Godfrey DR Suite 201 Unit 12 Orono,ME04473	88-3311220		10,000	WAVED Medical is developing an image-based risk assessment product for mammography to identify women whose breast tissue composition puts them at higher risk for developing invasive cancer. More high-risk patients can be identified in a screening setting, generating more preventive care. We are seeking to submit an NIH STTR Phase II to NCI in Sept. 2024.
(124) WaveWise LLC 59 Glen Rd Yarmouth,ME04096	93-3928792		25,000	We are developing a ocean farming technology that creates a dynamic system for seaweed farms. Our technology would expand locations available to farmers because it protects farms from storms. This device improves nutrient access and decreases UV damage on plants make it grow faster and at a higher premium. We are also developing a software integration that is a user-friendly application designed to streamline farmers' interactions with the system, a secure database server for data management and machine learning and growth sensors to facilitate ocean monitoring and tracking of marine growth.
(125) Whole Trees LLC 800 Williamson St Madison,WI53703	20-8661540		725,000	Partnering to Repurpose and Reopen: Bringing innovative inventory systems, sales strategy and production processes to existing Maine facility to meet proven East Coast demand for the Original Mass Timber.
(126) Wicked Wild LLC 674 County Rd Lubec,ME04652	87-2133788		10,000	Wicked Wild will use SBIR funds to quantify the feasibility of Maine wild blueberry manufactured into wellness shots. There are many types of wellness shots available today, and demand is strong, but wild blueberry has not been offered yet.
(127) Wild Vision Systems 45 Brooklyn Rd Frankfort,ME04438	88-3701346		50,700	We have designed an a smart trapping system that leverages AI and IoT to autonomously identify and capture invasive animals. Invasive animals are decimating ecosystems and agriculture and so far, traditional trapping and monitoring tools have not been able to keep up with this growing problem. Our innovation has been awarded the US Fish and Wildlife Services' Theodore Roosevelt Genius Prize for Innovation in recognition of our potential to provide a novel and scalable solution to this landscape-scale problem.
(128) Wildwood Oyster Co 177 High St Portland,ME04101	82-4688091		5,275	I would like help from a consultant to help take the spreadsheets we currently use to track POs, costing, and profitability, combined with our Quickbooks data to create a forecasting model and cash flow spreadsheet. These systems we use have gotten us to where we are now, and we need to retool them to support 5x future growth.
(129) Wright Energy Storage Technologies Inc 112 Prince St 2nd Fl New York,NY10012	88-0893338		59,025	The objective of this project is to collaborate with ME MEP on a multiphase project to develop and implement a quality system, based on the ISO-9000 standard, to enable the growth of WEST from start-up to a fully operational company in support of projected growth, including a focus on Manufacturing (in Maine) and engagement with our external Manufacturing partners (in Maine and elsewhere). This request covers phase 1 which is to create the framework and level one documents.

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

121

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

Cat. No. 50055P

Schedule I (Form 990) 2023

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) Various Projects	23	744,148
(1)
(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.
Form 990, Schedule I, Part II: Maine Aquaculture Innovation Center	This networking event was hosted by Maine Aquaculture Innovation Center (MAIC) for the first time in 2021 for aquaculture educators, with funding from a USDA funded project. In 2022, it was expanded to encompass Seafood Educators more generally - not just aquaculture - and Keri Kaczor at Maine Sea Grant joined the coordination team. SEA Maine provided some funding to support our 2022 in-person meeting held in May, 2022. Our last event was a Zoom-based virtual meeting held in October 2022. This year we will be holding an in-person meeting on October 6th, 2023, at the University of Maine Cooperative Extension offices in Waldoboro. In addition to networking, the agenda will include presentations from capacity-building workforce development projects funded by SEA Maine. A key barrier to incorporating seafood into curricula, that we hear frequently from educators from K-grey, is that they do not know enough about seafood production (whether wild harvest or aquaculture), and they do not know what it "looks like". We would like to take this opportunity to take a group of up to 49 educators into the field by chartering the Damariscotta River Trippers boat Teciani. We are requesting MTI Sponsorship to help support this field experience for seafood educators.
Form 990, Schedule I, Part II: Startup Maine, Inc	We would like to request funding from MTI in the amount of $20,000 to support the effort and thought leadership needed to develop an ecosystem strategic plan for the organization. The process will include listening sessions, meeting with ecosystem partners, reviewing Startup Maine and MxG's work completed to-date, compare efforts to benchmark organizations and explore best practices in other states. This sponsorship will also support and enable the monthly Startup Maine meetup events, and Maine Technology Institute would receive marketing recognition through the end of the year. The monthly event series' goal is to convene audiences such as entrepreneurs, remote workers, service providers, investors, job seekers, and entrepreneurial support organizations. We anticipate the findings of the ecosystem strategic planning exercise will inform Startup Maine's strategic 5 year plan, and Startup Maine will explore an MTI Ecosystem application to support these efforts at the conclusion of the visioning process. The mission of Startup Maine is to serve as a convener, educator and catalyst of Maine's entrepreneurial ecosystem. We do this by elevating and inspiring Maine's entrepreneurial ecosystem by convening people for events and educational programming that promote collaboration among Maine's various entrepreneurial resources and draw from national and international examples. This will be on full display at this year's conference.

Schedule I (Form 990) 2023

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
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

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

OMB No. 1545-0047

2023

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 ............

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) 2023

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 ------------- 119,968	0 ------------- 0	0 ------------- 0	0 ------------- 10,557	0 ------------- 42,949	0 ------------- 173,474	0 ------------- 0

Schedule J (Form 990) 2023

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.

Schedule J (Form 990) 2023

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.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

Maine Technology Institute

Employer identification number

01-0529871

Return Reference	Explanation
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 16 Middle St, Ste 201 Portland, ME 04101-5163 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) 2023

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.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

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) 2023

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 16 Middle St Ste 201 Portland,ME041015163 45-2908148	Research & Development	ME	Maine Technology Institute	C		48,539	100.000 %	Yes

Schedule R (Form 990) 2023

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	184,126	Amounts received
(2) State of Maine	C	9,128,400	Amounts received

Schedule R (Form 990) 2023

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) 2023

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) 2023

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	34,470,111	20,727,064
9	Program service revenue (Part VIII, line 2g) .........	1,295,660	1,069,425
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	392,679	696,274
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)	36,158,450	22,492,763
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	31,365,685	17,767,306
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)	1,082,475	1,336,576
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)....	3,050,488	2,880,426
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	35,498,648	21,984,308
19	Revenue less expenses. Subtract line 18 from line 12.......	659,802	508,455
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	22,300,505	29,202,613
21	Total liabilities (Part X, line 26).............	19,737,043	26,130,696
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,563,462	3,071,917

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 20,757,125 including grants of $ 17,767,306 ) (Revenue $ 1,069,425 )
	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 expenses20,757,125

(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)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) Jake Ward...................................................................... Secretary	2.00 ................. 0.00	X	X	0	0	0
(2) Amberlynn Esperanza...................................................................... Treasurer	2.00 ................. 0.00	X	X	0	0	0
(3) Melissa LaCasse...................................................................... Chair	2.00 ................. 0.00	X	X	0	0	0
(4) Jed Beach...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(5) Dan Belyea...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(6) Michael Cassata...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(7) Heather Johnson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(8) Meredith Mendelson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(9) Rob Pierson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(10) Ian Swanberg...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(11) Susan Tapley...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(12) John Pavan...................................................................... Past Director	2.00 ................. 0.00	X		0	0	0
(13) Brian Whitney...................................................................... President	40.00 ................. 0.00		X	0	119,968	53,506
(14) Gregory N Lee...................................................................... Director of Finance & Administration	40.00 ................. 0.00		X	115,233	0	17,601

(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)						(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title

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 2023 (Part V, line 2a) ......	5	12
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

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	115,233	119,968	71,107

(A) Name and business address	(B) Description of services	(C) Compensation
Merrit Carey 132 Pleasant St Yarmouth,ME04096	Marketing Services	124,197




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

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	20,727,064

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.......		20,727,064

		Business Code
2a	Royalty Income	900099	677,684	677,684
b	Interest on Loans	900099	391,322	391,322
c	Miscellaneous Revenue	900099	419	419
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		1,069,425

3 Investment income (including dividends, interest, and othersimilar amounts) ......			696,274			696,274
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
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
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			22,492,763	1,069,425	0	696,274

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	17,023,158	17,023,158
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	744,148	744,148
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 ...........	132,834	26,567	106,267
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........	907,610	795,228	112,382
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	46,813	40,908	5,905
9	Other employee benefits .......	177,832	149,369	28,463
10	Payroll taxes ...........	71,487	51,471	20,016
11	Fees for services (non-employees):
a	Management ......	334,850	202,342	132,508
b	Legal .........	72,584	57,109	15,475
c	Accounting ...........	41,850		41,850
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)	242,244		242,244
12	Advertising and promotion ....	633,367	494,262	139,105
13	Office expenses .......	13,370		13,370
14	Information technology ......	78,862		78,862
15	Royalties ..
16	Occupancy ...........	80,450		80,450
17	Travel ............	6,300		6,300
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	504		504
20	Interest ...........	6		6
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	12,534		12,534
23	Insurance ...	23,587		23,587
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	1,080,853	1,030,502	50,351
b	Program Review	259,065	142,061	117,004
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	21,984,308	20,757,125	1,227,183	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 ........			58,703	1	481,093
2	Savings and temporary cash investments .........			10,649,700	2	16,214,271
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			884,367	4	50,794
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 ...........			6,236,805	7	7,524,604
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			163,759	9	169,872
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	298,445
b	Less: accumulated depreciation	10b	277,441	29,950	10c	21,004
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			4,009,600	12	4,557,443
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............			267,621	14	183,532
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			22,300,505	16	29,202,613

17	Accounts payable and accrued expenses .....	190,203	17	219,149
18	Grants payable ...		18
19	Deferred revenue .........	19,277,177	19	25,722,429
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 ..		23
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	269,663	25	189,118
26	Total liabilities. Add lines 17 through 25..	19,737,043	26	26,130,696

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	2,563,462	27	3,071,917
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 ...........	2,563,462	32	3,071,917
33	Total liabilities and net assets/fund balances ........	22,300,505	33	29,202,613