TY 2024 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) Melissa LaCasse...................................................................... Chairperson	2.00 ................. 0.00	X	X	0	0	0
(2) Amberlynn Esperanza...................................................................... Treasurer	2.00 ................. 0.00	X	X	0	0	0
(3) Jake Ward...................................................................... Vice Chairperson	2.00 ................. 0.00	X	X	0	0	0
(4) Jed Beach...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(5) Michael Cassata...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(6) Elizabeth Love...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(7) Charlotte Mace...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(8) Colin March...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(9) Meredith Mendelson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(10) Rob Pierson...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(11) Ian Swanberg...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(12) Susan Tapley...................................................................... Director	2.00 ................. 0.00	X		0	0	0
(13) Dan Belyea...................................................................... Past Director	2.00 ................. 0.00	X		0	0	0
(14) Heather Johnson...................................................................... Past Director	2.00 ................. 0.00	X		0	0	0
(15) Brian Whitney...................................................................... President	40.00 ................. 0.00		X	0	139,651	56,545
(16) Gregory N Lee...................................................................... Director of Finance & Administration	40.00 ................. 0.00		X	119,389	0	21,600

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

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

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

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

OMB No. 1545-0047

2024

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) 2024

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) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	9,813,047	14,371,752	34,470,111	20,727,064	28,877,346	108,259,320
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	9,813,047	14,371,752	34,470,111	20,727,064	28,877,346	108,259,320
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.						108,259,320

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(f) Total
7	Amounts from line 4..	9,813,047	14,371,752	34,470,111	20,727,064	28,877,346	108,259,320
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	378,252	25,565	392,679	696,274	736,872	2,229,642
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						110,488,962

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

4,118,287

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 2024 (line 6, column (f) divided by line 11, column (f)) .........

97.980 %

Public support percentage for 2023 Schedule A, Part II, line 14 ...............

98.230 %

16a

33 1/3% support test—2024. 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—2023. 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—2024. 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—2023. 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) 2024

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) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(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) 2020	(b) 2021	(c) 2022	(d) 2023	(e) 2024	(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 2024 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2023 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2024 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2023 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2024. 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—2023. 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) 2024

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) 2024

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) 2024

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) 2024

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 2024 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-2024	(iii) Distributable Amount for 2024
1 Distributable amount for 2024 from Section C, line 6
2 Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2024:
a From 2019.......
b From 2020.......
c From 2021.......
d From 2022.......
e From 2023.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2024 distributable amount
i Carryover from 2019 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2024 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2024 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2024, 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 2024. 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 2025. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2020.....
b Excess from 2021.....
c Excess from 2022.....
d Excess from 2023.....
e Excess from 2024.....

Schedule A (Form 990) (2024)

Schedule A (Form 990) 2024

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) 2024

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

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

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 ......... Right Arrow

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) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization Maine Technology Institute

Part I	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) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

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) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

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) (Rev. 1-2025)

Additional Data

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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

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) (Rev. 1-2025)

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
d	Equipment ....	28,278	15,032	13,246
e	Other .....	181,679	125,995	55,684
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				68,930

Schedule D (Form 990) (Rev. 1-2025)

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........	5,848,040	F
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	5,848,040

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	96,674








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	96,674
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) (Rev. 1-2025)

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) (Rev. 1-2025)

Additional Data

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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)
(Rev. January 2025)

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 instructions and the latest information.

OMB No. 1545-0047

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) Active Intelligence LLC 12 Moran Drive Rockland,ME04841	85-0863320		100,000	Drones Advancing Maine Agriculture.
(2) Add Salt AI Corporation 97 Swans Road Raymond,ME04071	99-2351267		25,000	AddSalt AI.
(3) Alivo Inc 82 Harriet Street South Portland,ME04106	93-1927310		75,000	Grant award for hybrid grant/loan request: Accelerating Alivo's Growth Through Strategic Investment in Customer Acquisition.
(4) All Inclusive Inc PO Box 9715-190 Portland,ME04101	01-0534749		20,000	Community Marketing Expansion: WJZP 107.9FM.
(5) ALM Ortho Inc 68 Mussey Rd Scarborough,ME04074	85-2379397		20,000	Regulatory Compliance and ISO 13485 Quality Initiatives,
(6) American Unagi LLC PO Box 253 Waldoboro,ME04572	47-2865308		20,000	Consulting services for Series B.
(7) Apogee Medical Inc 282 South Street Blue Hill,ME04614	92-3609551		50,000	Apogee Medical Inc.
(8) Apple Creek Farm LLC 538 Millay Rd Bowdoinham,ME04008	46-5645921		30,264	Innovative Equipment to Create Efficiencies and Support Expansion.
(9) Apriqot Inc 1 Woodspell Road Scarborough,ME04074	92-3612967		50,000	Apriqot: Improving the Health of Communities by Bringing Data to Life.
(10) Ateklo Inc 22 Pond St Orono,ME04473	93-2698313		25,000	Ateklo Founder Discovery Weekend.
(11) Bijou Corp 29 Knowlton St Camden,ME04843	85-3956948		56,300	Bijou Build Market Expansion Initiative: U.S. Growth & Entry into Australia and UK.; Public Relations consultants.
(12) Biofine Developments Northeast Inc 14-16 York St Portland,ME04101	83-3204250		150,000	Lincoln Biorefinery Financing Package Development.
(13) Bioscience Association of Maine PO Box 3362 Portland,ME04101	01-0500056		25,000	BioME Annual Sponsorship 2025; Maine Pavilion at the BIO International Convention 2025.
(14) Black Owned Maine 411 Congress St Portland,ME04101	85-2147883		66,770	Black Business Visibility and Marketing Support; Technology Adoption and Innovation in the Black Entrepreneurial Ecosystem.
(15) Black Travel Maine 91 Auburn Street Suite J PMB 1079 Portland,ME04103	92-2504660		10,000	2nd Annual Highlights of Maine Tour; 2nd Annual MLK Ski Weekend Trip.
(16) Bluesonde Technologies 100 Fore Street Portland,ME04101	99-3950637		106,500	Marketing assistance to establish brand identity and customer facing content for bluesonde technologies.; Market Research and Minimum Viable Product (MVP).; Minimum Viable Product (MVP) Development and Build.; Monitoring Buoy Fleet Development.
(17) bluShift Aerospace Inc 2 Pegasus St Ste 2 Brunswick,ME04011	47-2049924		160,000	Commercial Launch Licensing; bluShift Aerospace Fractional CFO and Financial Model Forecasting Independent Contractor.
(18) Bonsie Skin to Skin Babywear 71 Brackett Rd Brunswick,ME04011	84-3808778		5,040	Guided Makers.
(19) Boundless Diagnostics Inc 22 Parkway South 3455 Brewer,ME04412	99-0584160		50,000	Boundless Diagnostic Advances In Veterinary Care.
(20) Brems Barrels LLC 667 Congress St Apt 719 Portland,ME04101	60-1333471		25,000	DoorDash Self-Delivery Integration
(21) Business Continuity Management Professionals LLC 42 Schoolhouse Point Road Jonesboro,ME04648	45-1975013		25,000	CMMC Level 2 - NIST 800-171 Cloud Application Development Project.
(22) Business Evergreens LLC 499 A Ocean Street South Portland,ME04106	41-2670782		10,000	Business Evergreens.
(23) Carbon Craft Technologies LLC 12 Old Powerhouse Rd Falmouth,ME04105	33-3953886		11,000	Carbon Craft Technologys.
(24) Carver Shellfish 125 Black Duck Cove Road Beals,ME04611	04-3378076		97,500	Shellfish Wet Storage & Mussel Processing Equipment.
(25) CellField Technologies Inc 201 US Route 1 ste 116 Scarborough,ME04074	33-1424117		25,000	A Better Alternative for Drug Screening.
(26) Central Maine Growth Council 148 Middle Street Suite 148 Portland,ME04101	01-0546258		105,000	Dirigo Labs: Fostering Innovation & Collaboratively Supporting Maine-based Entrepreneurs; The Better Maine Conference.
(27) ClaimData Software 669 Gardiner Road Wales,ME04280	92-2382564		35,000	ClaimData Version 2: Enhancements & New Features.
(28) Climate Advisory LLC 1 Farewell Ave Unit 864 Cumberland,ME04021	00-4829410		25,000	Democratizing access to climate data and solutions through a freemium-based SaaS offering.
(29) Coastal Enterprises Inc 30 Federal Street Suite 100 Brunswick,ME04011	01-0347504	501(c)(3)	65,000	CEI Women's Business Center Propeller III and Automate IT.
(30) Codeweaving Inc 64 Beech Ridge Road Dresden,ME04342	26-0289299		33,220	Market and Scale SlicPix's Interactivity Studio; Market/Scale SlicPix.
(31) Cold Current Kelp LLC 37 Maine 236 Ste 205 Kittery,ME03904	87-4605580		25,000	Business Plan Consultant to Grow Cold Current Kelp; Business, Marketing, and Operations Consulting to Grow Cold Current Kelp.
(32) Connective Health Strategies LLC 63 Federal Street Portland,ME04101	86-1310307		100,000	Connective C-Suite Platform.
(33) CourseStorm Inc 148 Main St Orono,ME04473	45-2765501		67,000	Multi-channel sales increase.
(34) DeepCharge Inc 11 Folsom Dr Biddeford,ME04005	82-4651614		50,000	Charging Forward: Pioneering Sustainable Energy Tech in Maine with MTI.
(35) Deer Isle Oyster Company 396 Airport Road Stonington,ME04681	99-1005017		50,000	Plastic-Free Farming: Designing Sustainable Solutions for Aquaculture.
(36) DeFco Group LLC 7 Pleasant Street Suite 2 Portland,ME04101	00-3567013		85,000	Maine's Cloud Services.
(37) Defendify Inc 5 Moulton Street 5th Floor Portland,ME04101	82-1312017		150,000	24/7 Global Cybersecurity Operations Center in Maine.
(38) Design Crochet 32 Sherman Street Portland,ME04101	99-2945912		25,000	Expansion and Maintenance of Design Crochet's Flagship Product.
(39) Dirigo Sea Farm Inc 38 Frederick Drive Freeport,ME04032	99-1241908		75,000	Biodegradable Laundry Pods crafted from Maine kelp Dirigo Sea Farm production research and customer pilot.
(40) Dooryard 89 West Street Portland,ME04102	00-7628179		15,000	Dooryard business accelerator.
(41) Drip Payments Inc 118 State Street Unit R Portland,ME04101	99-0882940		25,000	Drip Payments - Range 1 Application.
(42) Eagle Point Energy Center LLC 29 Industrial Way Orrington,ME04474	99-1460535		250,000	Eagle Point Phase II Process Upgrade.
(43) Educate Maine 482 Congress St Suite 303 Portland,ME04101	20-3559947		10,000	Girls Who Code Summer camps (to include overnight camp experiences).
(44) EME Biofuels LLC 80 River Street Woodstock,VT05091	32-0714801		500,000	EME Biofuels.
(45) EmpoweRx Inc 188 Lucy Drive Mt Juliet,TN37122	82-3755003		21,000	Healthcare Workforce Marketplace.
(46) EmTech Care Labs 245 Main St 2nd Floor Cambridge,ME02142	86-1531599		90,000	Product Piloting and Marketing.
(47) Entrepreneurship for All Inc 175 Cabot Street Suite 310 Lowell,MA01850	47-1858182		100,000	Establishing EforAll in Maine.
(48) Environmental & Energy Technology Council of Maine (E2Tech) 300 High Street Portland,ME04101	56-2344993	501(c)(3)	37,500	MOU.
(49) Even Keel Inc 970 Baxter Boulevard Portland,ME04103	32-0708558		106,000	Building the Even Keel Way of Selling.
(50) FarmDrop L3C 136 East Blue Hill Rd Blue Hill,ME04614	82-5125516		20,000	FarmDrop Strategic Plan 2024
(51) Finer Points LLC dba Shelby Trained PO Box 576 Cumberland,ME04021	20-4805269		30,000	T3 Shelby Trained Software.
(52) Gel Hydration Technologies Inc Bangor Innovation Center 40 Johnson St Bangor,ME04401	47-5198032		50,000	Palatability and beta testing of gel hydration products.
(53) GenoTyping Center of America Inc 10 Water Street Suite 215 Waterville,ME04901	46-1341326		150,000	Quality Systems Improvement and Revenue Acceleration Project.
(54) Glidden Point Oysters 637 River Road Edgecomb,ME04556	01-0487593		5,250	Sales Software Implementation - Activate.
(55) Godfrey Forest Arizona LLC PO Box 903 10 Atlantic Ave Ste 25 Marblehead,MA01945	00-4464671		490,000	Godfrey Forest Maine OSB Mill.
(56) Grandy Organics LLC 34 Schoolhouse Rd Hiram,ME04041	01-0504056		250,000	Build out management team and automate production to make Grandy Organics a more resilient business.
(57) Grantx Inc Suite 409 100 Commercial Street Portland,ME04101	99-1756418		75,000	GRASP Maine: Accelerating Grant Discovery and AI Innovation; MVP Development Project.
(58) Graze LLC 48 Fox Hollow Lane Northport,ME04849	00-4888960		90,000	Graze 2025 Facility and Employee Expansion Plan.
(59) Great Northern Salmon Inc 112 Penobscot Avenue Millinocket,ME04462	88-3632516		250,000	Implementation of critical path initiatives to ensure construction start on schedule.
(60) Greater Portland Immigrant Welcome Center 24 Preble Street 4th Floor Portland,ME04101	82-2844735		129,064	Business Foundations Bootcamp Maine Immigrant Business Accelerator.
(61) Greenlight Maine Fund Inc 39 Steeple Chase Rd North Yarmouth,ME04097	82-3052488		62,500	Greenlight Maine/Greenlight Maine College Edition/Elevating Voices.
(62) Hancock Lumber Company Inc 1267 Poland Spring Road Casco,ME04015	01-0439755		990,000	Bethel Value Added.
(63) Heiwa Tofu Inc 1 Woodcrest Ave Camden,ME04843	47-2704306		56,750	Architectural and Engineering Support for Facility Expansion and Heiwa Tofu; Three Phase Upgrade at Heiwa Tofu.
(64) HMS Career Coaching 75 York Street Suite 2 Portland,ME04101	92-0971588		18,000	Career Catalyst: The Ultimate Guide to Finding and Landing Your Dream Job.
(65) Home Grown Fuels Inc 182A Katahdin Ave Millinocket,ME04462	99-4815257		25,000	Contract Manufacturing and Demand Generation.
(66) Hoot Pickleball LLC 53 Barton St Presque Isle,ME04769	99-3156706		25,000	Hoot Pickleball, LLC
(67) Huga Heat LLC 15 Bodge Street South Portland,ME04106	85-3757345		5,133	New Product Development/R&D.
(68) Huston and Company Wood Design 226 Log Cabin Road Arundel,ME04046	01-0437284		110,000	Outreach & Upgrades.
(69) Ignite Presque Isle 436 Main Street Presque Isle,ME04769	86-1274227		50,000	Ignite PI's Workforce Development Program.
(70) IN2FAB Technology LLC 6 Baysite Lane Falmouth,ME04105	81-1437786		49,928	Development of Semiconductor Security Software.
(71) Intripid Inc 2 Moonshadow Lane Cape Elizabeth,ME04107	87-4408727		50,000	Partner Onboarding & Management for Intripid Go-To-Market.
(72) IRON Digital Inc 95 Salem Street Portland,ME04102	88-0591917		100,000	IRON App.
(73) ISAR LLC 283 Goose Rocks Rd Kennebunkport,ME04046	33-1509711		25,000	Call Ball.
(74) Island Institute 386 Main Street PO Box 648 Rockland,ME04841	22-2786731	501(c)(3)	150,000	Sea Change: Electric Propulsion for Maine's Working Waterfronts.
(75) Izzy Lee's 79 Pittee Creek Way Yarmouth,ME04096	86-2518944		11,342	We are expanding our product line from baby accessories to kids and baby clothing. Our company brings awareness to pregnancy loss, stillbirth and infertility causes in honor of my daughter who was stillborn at 38 weeks pregnant.
(76) JGT2 Redevelopment LLC 1968 Shawnee Mission Pkwy Ste 200 Mission Woods,KS66205	93-3340270		16,000	Redevelopment of Androscoggin Mill at Jay Maine.
(77) Journey Enterprises 10 Sunset Lane Portland,ME04102	00-5667833		30,000	Website Upgrade.
(78) Joy Valley Furniture LLC 103 Seaborne Drive Yarmouth,ME04096	99-2824896		20,000	Rebuild Website and Digital Assets.
(79) Junior Achievement of Maine 585 Congress St Suite 306 Portland,ME04101	01-0275159		12,500	JA Titan JA's Maine Business Hall of Fame.
(80) Katherine Swann DBA Pen & Cob Farm 253 Leighton Point Rd Pembroke,ME04666	15-8827339		33,125	Pen & Cob Branding & Marketing; Specialty Food Production Facility Build-Out.
(81) Kelson Marine Co 2 Portland Fish Pier Suite 210 Portland,ME04101	85-0655970		25,000	Knotless Fishing Line Technology Development.
(82) Kind Mind 88 Depot Road Falmouth,ME04105	82-3366509		75,433	Kind Mind Team and Product 2025; Kind Mind: An evidence-based emotional learning program in Maine.
(83) Kingsbury Family Farm LLC PO Box 302 Mars Hill,ME04758	45-4117635		108,228	Optical Sorter software upgrades and implementation of drone sprayers ILO ground rigs.
(84) KinoTek Inc 22 Monument Square STE 201 Portland,ME04101	85-0886434		150,000	Kinotek - Continued Innovation and Expansion.
(85) Knew Level Living LLC 416 Mountfort Road N Yarmouth,ME04097	33-4931126		25,000	HAY - A Wholeness App.
(86) Leisure Group Tech 91 Auburn Street Suite J PMB 1079 Portland,ME04103	92-2975049		25,000	Leisure Group Tech Software.
(87) LiteracyTech Inc 999 Lisbon Street Unit 1763 Lewiston,ME04241	84-3893881		66,875	ReMo's Data Storytelling Project; ReMo's Read More! Initiative.
(88) Looma LLC 15 Phillips Road South Portland,ME04106	85-0900972		250,000	Addition of Volume Manufacturing to Looma's Services.
(89) Lyman Morse Technologies LLC 7 Alden St Camden,ME04843	83-3862583		150,000	Advanced Manufacturing and Training Center.
(90) Maine Aquaculture Innovation Center Inc 193 Clarks Cove Road Walpole,ME04573	01-0467869		46,388	Northeast Conference & Expo (NACE); Maine Aquaculture Research, Development and Education Summit; Catalyzing aquaculture business and workforce development in Washington County, Maine; Farmer-to-Farmer International Knowledge Exchange Maine Workshop
(91) Maine Black Chamber of Commerce 75 Park St Lewiston,ME04240	93-1791323		10,000	Maine Futures.
(92) Maine Canned Fish 46 Park Drive Topsham,ME04086	99-1686665		250,000	Maine Canned Fish Startup.
(93) Maine Center for Enterprise Development 68 Commercial St Portland,ME04101	01-0510641		234,382	2024 Maine Food Producers Showcase and Golden Fork Awards; FoodTech Maine; MOU.
(94) Maine Community Power Cooperative Inc 156 N Guilford Road Monson,ME04464	99-2493680		25,000	Cooperative Community Solar Management Platform.
(95) Maine Crisp Company Inc 20 Lithgow Street Winsolw,ME04901	47-2230470		82,500	Strengthening Maine Crisp Co. Inc. Resilience With Manufacturing Innovation.
(96) Maine Discovery Museum 74 Main Street Bangor,ME04401	01-0527022		7,500	2025 Maine Science Festival.
(97) Maine Electric Boat Company LLC 109 Cleaves Street Biddeford,ME04005	86-1237847		250,000	Electric Propulsion Workforce Training.
(98) Maine Fly Company LLC 81 Bridge Street Yarmouth,ME04096	83-3086294		7,500	New Site wrap up & optimization.
(99) Maine Garum Company 79 Bassick Road South Thomaston,ME04858	03-7626575		30,000	Fermentation-Integrated Fish Oil Recovery: Developing Scalable, Low-Impact Technology for Circular Seafood Processing in Maine.
(100) Maine Grains Inc 329 Water St Skowhegan,ME04976	80-0285401		250,000	Building capacity to manufacture upcycled nutritious grain cereals and snacks at Maine Grains.
(101) Maine International Trade Center 2 Portland Fish Pier Ste 204 Portland,ME04101	01-0509118	501(c)(3)	10,000	Events throughout the year.
(102) Maine Laboratories LLC 25 Main St Norridgewock,ME04957	88-2921641		122,393	Maine Laboratories Doubles in size to Support National PFAS Testing Backlog.
(103) Maine Mathematics and Science Alliance PO Box 2246 Augusta,ME04338	22-3181644		25,000	Maine State Science Fair and Maine Middle School Science & Engineering Fair.
(104) Maine Mollusks L3C 6 Balsam Circle Bristol,ME04554	87-1617001		29,865	Clam Aquaculture Engineering & Production: pioneer scalable, sustainable methods for underutilized shellfish species for Maine's Blue Economy.
(105) Maine Oar and Paddle Company 20 Water St Orono,ME04473	93-1419888		12,480	New website.
(106) Maine Ocean Farms LLC 753 River Rd Unit 1 Brunswick,ME04011	82-2123828		100,000	Maine Oyster Farm Electric Workboat Pilot Project.
(107) Maine Outdoor Brands PO Box 513 Portland,ME04112	82-2561027		82,500	Maine Outdoor Brands Financial Planning; Outdoor Industry Cluster Development.
(108) Maine Plywood USA 17 Lander Ave Bingham,ME04920	86-1422890		273,285	LEGAL COUNCIL: To determine whether or not to continue as an LLC or become a C-corp. In addition with the oncoming USDA loan and advising on raising money from Equity partners; Maine Plywood; Powering the next generation of sustainable plywood for Maine.
(109) Maine Space Corporation 87 Winthrop Street Suite 200 Augusta,ME04330	93-2136633		426,413	Building Maines Space Knowledge Cluster in Space Applications.
(110) Marine Microverse Institute LLC 15 Coleman Avenue Kittery Point,ME03905	42-2920005		20,500	Adaptable Rapid, Point-of-Need Fish DNA Authentication Technology to Combat Seafood Mislabeling.
(111) MedRhythms Inc 183 Middle St Portland,ME04101	47-4668808		150,000	General Support
(112) Memoro Inc 559A Congress Street Portland,ME04101	87-0899687		50,000	Memory Lane TV Deployment 2024-2025.
(113) Merrymeeting Shellfish Company LLC 1005 Foreside Road Topsham,ME04086	04-2743037		50,000	Next Phase Commercialization of the Oyster Pod In A Shellfish Hatchery.
(114) Midcoast Regional Redevelopment Authority 15 Terminal Road Suite 200 Brunswick,ME04011	14-2010196		69,097	TechPlace Incubator Economic Impact Upgrades Project.
(115) Mingle Healthcare Solutions Inc 219 Streaked Mountain Road South Paris,ME04821	47-3470046		150,000	Mingle Health COVID Recovery.
(116) MM Platform Co 47 Masonic Street Rockland,ME04841	92-2787659		120,000	Roamr - Accelerating a new economy of movement; Roamr Self-Service Administration Website.
(117) Mobile Price Card Inc 23 Water St Suite 205 Bangor,ME04401	47-5087127		20,000	Financial Statement Audit/Review.
(118) Moddik Inc 15 Phillips Road South Portland,ME04106	33-2441881		25,000	Market analysis and Partnership Exploration for Microfluidic Automation Platform.
(119) Nautical Farms LLC 70 Blueberry Mountain Drive Machias,ME04654	82-4185616		255,000	Digital Marketing & E-Commerce; Nautical Farms LLC Expansion.
(120) Navimental Inc 876 Hatchet Mtn Rd Hope,ME04847	33-1960157		24,309	Navimental - Pilot Program.
(121) Nearpeer Inc 63 Federal Street Portland,ME04101	82-1621129		170,000	Accelerating Nearpeer's growth with improves marketing positioning, messaging, and go-to-market materials.; Fueling Nearpeers national growth and Maine economic impact.
(122) NKENNE Inc 21 Briggs St Portland,ME04102	87-2337355		76,667	NKENNEAi: Providing Somali, Amharic, and Swahili AI Language Translations with TTT, STT, and TTS Technologies.
(123) Northern Maine Development Commission 11 West Presque Isle Rd Caribou,ME04736	22-2635303		10,000	NMDC Center for Business Growth Innovation Resource Center.
(124) NurtureTalk Inc 516 Rt 12A Langdon,NH03602	85-3974844		50,000	Mother of Fact: Leading the Future of Equitable and Trusted Nutrition Care for Maternal Health.
(125) Oak LLC 2 Pegasus St Ste 2 Brunswick,ME04011	93-2208601		75,000	vibeCheck Beta Ship & Ramp.
(126) Ocean Data Network Inc 183 Middle Street Suite 200 Portland,ME04101	86-2965738		24,350	Gulf of Maine F/V Weather Network.
(127) Ocean Innoc Eco Solutions LLC 21 Bowmore Lane Yarmouth,ME04096	33-2069338		6,250	EnergyOcean LLC - Gulf Coast Market Evaluation.
(128) Ocean Innov LLC 21 Bowmore Lane Yarmouth,ME04096	04-2985310		25,000	Creation of a Maine based Technical Sales Manager position to boost our reach to shipyards and boatyards (B2B) for the East Coast and Great Lakes areas
(129) Oceanfarmr USA Inc 68 Commercial Street Portland,ME04101	35-2785631		33,000	Oceanfarmr - Systemising Aquaculture farm Operations for optimisation and scale.
(130) OPAL Build LLC (dba NotchSB) 137 High St Belfast,ME04915	86-2697009		339,617	Creating Resiliency in Residential Housing Construction; OPAL Build - Unlocking Affordable Housing through Sustainability.
(131) Ostara LLC 23 Lobster Lane Vinalhaven,ME04863	33-2958676		15,000	General Support
(132) Our People Inc 63 Federal Street Portland,ME04101	82-2172170		150,000	OurPeople Answers AI.
(133) Paquin Holdings Inc DBA Cinder Wood Products 157 Pioneer Farm Way Ellsworth,ME04605	87-2838453		57,870	CWP Equipment and Capital Purchases & Video Production for Marketing; New Web Design and Development.
(134) ParaLabs Inc 40 Teaberry Lane Braintree,MA02184	99-4179460		25,000	AI Grant Writer.
(135) Pinebury LLC 45 Labbe Avenue Lewiston,ME04240	92-1270079		25,000	Pinebury Cycling Bib Shorts with Nuyarn Merino Wool.
(136) PK Floats Inc 32 Flyaway Drive Lincoln,ME04457	01-0538247		25,000	Amphibious Seaplane Float Development for Bushliner 1850 Aircraft.
(137) Point Pickleball LLC 15 Lily Pond Drive Camden,ME04843	99-1234349		80,000	Brand development & packaging design; Ecomm Website Development; Innovative & Sustainable Shoe Manufacturing.
(138) Portland Mattress MakersPortland Boat Mattress 25 Edwards Ave Biddeford,ME04005	01-0500283		20,000	Update exhisitng E-commerce site for our boat mattress site - BoatMattress.com.
(139) Prapela Inc 2 Main St STE 15-219 Biddeford,ME04005	83-0642463		49,250	Prapela - helping preemies with apnea - breathe better!
(140) Pumpspotting Inc 150 Rollingwood Road Eliot,ME03903	84-4427076		10,000	Building Solutions for Parents and Caregivers: A Conversation and Celebration with Founders; M&A Planning and Diligence & Capital Raise Sprint.
(141) Quick Solutions Network DBA The Dressing Chair LLC 64 Charlotte Rd Charlotte,ME04666	20-4484112		10,401	The Dressing Chair.
(142) Quill & Pigeon Inc 1309 Coffeen Avenue Ste 1200 Sheridan,WY82801	36-4847203		25,000	Quill & Pigeon Beta Launch.
(143) ReForm Composites Engineering LLC 135 Maine St Ste A275 Brunswick,ME04011	33-2016545		50,000	Establishing Continuous Fiber Reinforced Thermoplastic (CFRTP) Composite Engineering & Manufacturing Capabilities in Maine.
(144) ReGenerate Energy Holdings LLC 27 Fox Farm Road Stratton,ME04982	86-2767537		126,853	Biochar Production.
(145) Rely Intelligence Inc 37 Summer St Kennebunk,ME04043	33-2628355		25,000	General Support
(146) Robbins Lumber East Baldwin LLC PO Box 9 506 Main Street South Searsmont,ME04973	86-3728027		495,000	Better Utilization of the Eastern White Pine Resource through Implementation of Value-based Scanning.
(147) Roux Institute 100 Fore Street Portland,ME04101	04-1679980	501(c)(3)	560,000	BioIN Incubator and BioPILOT Lab, a collaboration between the Northeastern/Roux Institute and the University of Southern Maine.; Future of Healthcare Founder Residency; Life Science Impact Forum; Startup Solutions: Immigrant Welcome Center; The Maine Summer Accelerator at the Roux Institute.
(148) Saltwater Classroom 18 Trim Street Camden,ME04843	83-2687170		25,000	Development and Implementation of an Ocean Education Platform.
(149) Sappi North America Inc PO Box 9004 Westbrook,ME04098	23-2366983		495,000	Improvement of pulp and paper mill productivity when softwood chip ratio increases beyond 15% during the Copulp process at Somerset mill.
(150) SBD Technologies Inc 47 Litchfield Rd Freeport,ME04032	99-4082056		110,000	Formation of SBD Technology Inc Help creating a solid business case including financial modeling and position us to achieve the multi-year roadmap outlined.; SBD Technologies Product Launch.
(151) Scaled Carbon PBC 100 Fore St Portland,ME04101	99-3675013		25,000	Scaled Carbon Tracer Prototype Development.
(152) ScanDx LLC 16 Winterhaven Drive Orono,ME04473	02-1588123		16,000	Audible frequency spectrometric technique for bone sonometry.
(153) Sea Meadow Marine Foundation 123 Even Keel Road Yarmouth,ME04096	87-0873558		200,000	Development and Management of Working Waterfront Support Programs; Working Waterfront Support Programs. Infrastructure and Organizational Sustainability Improvement.
(154) Sea Potential LLC 553 Congress Street Suite A Portland,ME04101	81-1817755		50,000	Fresh water from waves.
(155) Seascale LLC 22 Knox Street Thomaston,ME04861	99-5031652		25,000	Customer Validation, Pilot Program and Value Added Processing Trials for the Maine Scallop Pot.
(156) Sebasticook Lumber 446 Hartland Rd St Albans,ME04971	81-2094398		75,000	Installation of a Gang Edger to increase low value log usage and price.
(157) Selkie Inc 57 Exchange Street Suite 401 Portland,ME04101	93-1642689		25,000	Selkie Part II.
(158) Service Corps of Retired Executives Association 100 Middle St 2nd Fl Portland,ME04101	52-1067290		50,000	MOU FY2024-2025.
(159) Shell Labs 33 Label Ave Portland,ME04101	99-3058272		50,000	Making Water Data Accessible & Actionable.
(160) Short Creek Meats LLC 6 Commerce Dr Kennebunk,ME04043	87-3798796		238,150	Mechanizing Short Creek Meats' Plant Operations to Address Labor Shortages.
(161) Singing Prairie Farms LLC 21 Holstein Lane Newcastle,ME04553	82-4681776		19,990	Brand Refresh with Pulp + Wire, CPG Packaging Agency Packaging Refresh for Singing Pastures.
(162) Skip LLC 10 Fulton St Rockland,ME04841	25-7752954		10,000	Refresh Skip Website Marketing Language and UX and Create Sales Funnels In Order to Increase B2C Paid Subscribers and Position Skip for B2B Expansion.
(163) SnoYak LLC 164 Wesserunsett Rd PO Box 72 Kingfield,ME04947	02-4644600		50,000	Mass Market Customer Discovery & Maine Manufacturing SnoYak Manufacturing and Sales Initiative.
(164) Somerset Economic Development Corporation 41 Court St Skowhegan,ME04976	01-0535534	501(c)(3)	3,000,000	Somerset Forest Recovery Program.
(165) Southpaw Packing Company Inc 247 Varney Mill Road Windham,ME04062	83-2668203		214,106	Southpaws Enrichment Project.
(166) Springworks Farm Maine Inc 347 Lisbon Street Lisbon,ME04250	47-3693160		150,000	Springworks Farm; Phase I Expansion.
(167) Startup Maine Inc 75 York Street Suite 2 Portland,ME04101	82-4792702		25,000	Startup Maine Week 2025.
(168) StokedPlastics Inc 64 River Locks Road Kennebunk,ME04043	93-4826189		75,000	StokedPlastics: Pioneering Plastic Recycling for a Greener Future.
(169) StopHazing Consulting LLC 148 Main St Orono,ME04473	47-1011411		5,700	Increasing Domestic Sales for Online Course, StandUp to Hazing.
(170) Stratton Lumber Inc PO Box 160 66 Fontaine Road Stratton,ME04982	01-0366009		990,000	Hurst Boiler, Grinder and Auto-wrapper.
(171) Strong Technologies LLC 18 Water Street Thomaston,ME04861	00-7964747		50,000	Speak AI.
(172) Survue 7 Wynmoor Dr Scarborough,ME04074	33-0720978		31,900	Product development of high margin, mass manufacturable AI enabled smart bike light.
(173) T&D Wood Energy LLC 36 Lefrancois Lane Sanford,ME04073	82-1251970		450,000	Acquiring two shuttered facilities and expanding existing facility to meet rapidly increasing demand.
(174) Tanbark Molded Fiber Products Inc 219 Anderson Street Suite 5 Portland,ME04097	88-0598822		499,317	Electricity Upgrade to expand Production Capacity Video Production for Marketing Assets.
(175) Teach Me Rx 3 High Point Rd Scarborough,ME04074	88-2151734		25,000	Pocket Nodules - Breast, Patient Education Tool.
(176) Tee Time LLC 29 Oak Hill Drive New Gloucester,ME04260	99-4739841		25,000	Tee Time App Development and Launch.
(177) The Fragrance Farm Inc 151 Searsmont Rd Appleton,ME04862	27-3379340		10,201	Glendarragh Lavender SEO & Online Push 2024.
(178) The Good Crust LLC 210 West Main Street Canaan,ME04924	85-3479754		250,000	Good Crust Builds Resilience with Infrastructure Expansion to Serve Schools.
(179) The Maine CoLab 6 Chesnut Hill Camden,ME04843	39-2426286		10,000	Expanding Maine's Innovation Ecosystem through the Maine CoLab.
(180) Thruhike Inc 1209 Orange Street New Castle,DE19801	92-0719334		50,000	General Support
(181) True North Development PO Box 330 Milo,ME04463	29-6880354		16,500	True North Development Branding / Marketing, PR and Website Project.
(182) Turning Acquisitions LLC 46 John Ellingwood Road Buckfield,ME04220	81-3896247		150,000	Expand WWTF's Reach with New Products and New Technology.
(183) TWIYO Inc 2 Pegasus St Ste 2 Brunswick,ME04011	92-1608526		25,000	3D-COAST (3-Dimensional Cultivation of Oysters Automated with Solar Tumbling).
(184) UNITEGPS LLC 391 Cottage Road South Portland,ME04106	46-5217071		55,000	AI-Powered Bus Routing: Transforming Student Transportation; Fundraising Preparation & Support.
(185) University of Maine System 5717 Corbett Hall Orono,ME04469	01-6000769	501(c)(3)	214,577	2nd Annual Maine Artificial Intelligence Conference; Maine Blue Economy Innovation Summit; Piloting Innovation in Wild Blueberry: Reducing harvest "shrink; The Windstorm Challenge; UMaine Student Symposium: Research and Creative Activity; Vision & Roadmap for Maine's Forest Sector.; Venturing Forth - Hybrid Project.
(186) Upstart Maine 20 Godfrey Drive Orono,ME04473	81-3181065		114,000	Strengthening the Bangor Region's Agri-Food Tech Entrepreneurial Ecosystem.
(187) VETRO Inc 12 Mountfort Street Suite 401 Portland,ME04101	85-0887949		150,000	The VETRO Workforce Development Project.
(188) Viable Gear Inc PO Box 10646 Portland,ME04103	88-3439211		50,000	Viable Gear & MTI Range 3.
(189) Washburn & Doughty Associates Inc 7 Enterprise Street PO Box 296 E Boothbay,ME04544	01-0347159		250,000	Hiring Initiatives: Human Resources Director, Project Manager and Hybrid Support Engineers; Purchase and Implementation of ERP System.
(190) Watermelon Pie LLC 37 Patterson Hill Road Belfast,ME04915	99-0681693		25,000	Premium feature enablement and expansion.
(191) WellSort Inc 62 Portland Road Ste 44 Kennebunk,ME04043	33-1584492		75,000	WellSort 2.0.
(192) Wild Ocean Aquaculture 72 Commercial Street Unit 15 Portland,ME04101	27-3022334		159,000	Innovation, Automation, and Diversification in a Regenerative Maine Aquaculture Company Wild Ocean Aquaculture, LLC - Fractional CFO resources - DWedick Financial Services, LLC.
(193) WR Allen Inc 267 Front Ridge Rd Orland,ME04927	83-1195131		127,970	IQF Wild Blueberry Bagging System.
(194) Zero Energy Homes LLC 400 Sewall Road PO Box 84 Southwest Harbor,ME04660	88-4049277		200,000	Zero Energy Homes: Investing in a New Forest Product for Maine.

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

187

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

Cat. No. 50055P

Schedule I (Form 990) Rev. 1-2025

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)
(2)
(3)
(4)
(5)
(6)
(7)

Part IV

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

Return Reference

Explanation

Part I, Line 2:

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

Schedule I (Form 990) Rev. 1-2025

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)
(Rev. January 2025)

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

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) (Rev. 1-2025)

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 ------------- 137,345	0 ------------- 2,000	0 ------------- 306	0 ------------- 18,479	0 ------------- 38,066	0 ------------- 196,196	0 ------------- 0

Schedule J (Form 990) (Rev. 1-2025)

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) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
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 instructions and the latest information.

OMB No. 1545-0047

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) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)
(Rev. January 2025)

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

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) (Rev. 1-2025)

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		48,520	100.000 %	Yes

Schedule R (Form 990) (Rev. 1-2025)

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	204,312	Amounts received
(2) State of Maine	C	10,672,513	Amounts received

Schedule R (Form 990) (Rev. 1-2025)

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) (Rev. 1-2025)

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) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	20,727,064	28,877,346
9	Program service revenue (Part VIII, line 2g) .........	1,069,425	876,429
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	696,274	736,872
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)	22,492,763	30,490,647
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	17,767,306	22,384,003
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)	1,336,576	1,432,186
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)....	2,880,426	6,131,272
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	21,984,308	29,947,461
19	Revenue less expenses. Subtract line 18 from line 12.......	508,455	543,186
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	29,202,613	22,477,274
21	Total liabilities (Part X, line 26).............	26,130,696	18,862,171
22	Net assets or fund balances. Subtract line 21 from line 20.....	3,071,917	3,615,103

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 28,614,493 including grants of $ 22,384,003 ) (Revenue $ 876,429 )
	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 expenses28,614,493

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	119,389	139,651	78,145

(A) Name and business address	(B) Description of services	(C) Compensation
Visible Logic 27 Rackleff St Portland,ME04103	Marketing/Website Management	108,925




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

1	Briefly describe the organization’s mission or most significant activities: Provides funding to subrecipients in the State of Maine.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	12
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	12
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	13
6	Total number of volunteers (estimate if necessary) .............	6	120
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	28,877,346

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.......		28,877,346

		Business Code
2a	Royalty Income	900099	546,626	546,626
b	Interest on Loans	900099	329,803	329,803
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		876,429

3 Investment income (including dividends, interest, and othersimilar amounts) ......			736,872			736,872
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.....			30,490,647	876,429	0	736,872

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	22,384,003	22,384,003
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
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 ...........	140,989	28,198	112,791
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........	970,573	848,092	122,481
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	35,648	35,648
9	Other employee benefits .......	205,612	170,320	35,292
10	Payroll taxes ...........	79,364	63,491	15,873
11	Fees for services (non-employees):
a	Management ......	243,681	139,995	103,686
b	Legal .........	63,991	63,991
c	Accounting ...........	58,658	29,329	29,329
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)	269,141	121,113	148,028
12	Advertising and promotion ....	1,220,486	793,316	427,170
13	Office expenses .......	16,327		16,327
14	Information technology ......	67,703	27,081	40,622
15	Royalties ..
16	Occupancy ...........	61,292	61,292
17	Travel ............	31,792		31,792
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	1,061		1,061
20	Interest ...........	6,236	6,236
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	99,515	99,515
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	Miscellaneous	3,728,242	3,551,225	177,017
b	Program Review	239,560	191,648	47,912
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	29,947,461	28,614,493	1,332,968	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 ........			300	1	300
2	Savings and temporary cash investments .........			16,695,064	2	10,071,618
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			50,794	4	161,207
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			7,524,604	7	6,040,869
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			169,872	9	202,201
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	209,957
b	Less: accumulated depreciation	10b	141,027	21,004	10c	68,930
11	Investments—publicly traded securities .				11
12	Investments—other securities. See Part IV, line 11 .....			4,557,443	12	5,848,040
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............			183,532	14	84,109
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			29,202,613	16	22,477,274

17	Accounts payable and accrued expenses .....	219,149	17	585,035
18	Grants payable ...		18
19	Deferred revenue .........	25,722,429	19	18,180,462
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	189,118	25	96,674
26	Total liabilities. Add lines 17 through 25..	26,130,696	26	18,862,171

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	3,071,917	27	3,615,103
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 ...........	3,071,917	32	3,615,103
33	Total liabilities and net assets/fund balances ........	29,202,613	33	22,477,274