Grantmakers › Maine

Maine Technology Institute

Portland, ME · EIN 01-0529871. Reported 927 grants totalling $88.1M to 699 organizations across tax years 2020-2024, on Form 990 Schedule I.

Does this grantmaker accept applications?

Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.

Three things in the filing do bear on it:

1. What kind of organization it is. For Maine Technology Institute, the IRS classifies it under education rather than as a grantmaker (NTEE B29) -- it is an operating charity that also makes grants.
2. How spread out its giving is. 699 distinct organizations, with 3% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
3. How much its list changes. 21% of one year's grantees are funded again the next, across 4 year-to-year transitions. That is below the 56% median for grantmaking charities, and well below the 67% median for private foundations. It describes the organizations it already funds, not whether it would consider a new one.

How big are its grants?

The median reported grant is $31,900. Half of what it reported fell between $20,589 and $100,000; the smallest was $5,040 and the largest $3,000,000. If you are asking for materially more than the top of that range, you are asking the wrong organization.

Every organization it funded

All 699 recipients appear in its filings; the 250 largest are listed here. Years funded is the number of separate tax years in which the organization received a reported grant.

157 of 699 (22%) received money in more than one year over the 5 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.

What the money was for

Taken verbatim from the purpose column of its filings, largest first. This is the closest thing to a statement of what it funds, in its own words.

• Somerset Economic Development Corporation $3,000,000 · 2024
  Somerset Forest Recovery Program.
• Kinotek LLC $1,000,000 · 2023
  Kinotek is a B2B SaaS platform that uses AI-driven technology deliver fast, objective human movement metrics. It is a disruptor in the $420 billion musculoskeletal health market where clinicians currently rely on a plastic ruler to measure range-of-motion and mobility. Since FDA registration and market launch in August 2022, sales have reached $245k ARR across 31 states. Kinotek is seeking funding $2M in funding to accelerate sales to $1M ARR and Series A. MVF has already committed to matching up to $1M, so our actual raise is $1M via Convertible Note at a 20% discount, $18M cap, and 8% interest.
• Rockstep Solutions Inc $1,000,000 · 2023
  RockStep develops and delivers SaaS solutions for managing data and operations for drug discovery and life sciences research. The company seeks $1M in equity investment from MTI to accelerate sales revenue growth through.
• Go Lab Inc $990,000 · 2023
  Capital Support for First U.S. Wood Fiber Insulation Plant, GO Lab, Inc. Madison, Maine.
• Stratton Lumber Inc $990,000 · 2024
  Hurst Boiler, Grinder and Auto-wrapper.
• Tanbark Molded Fiber Products $984,215 · 2023
  Hybrid Molded Fiber clamshell pilot project, Tanbark Medical Materials Market, Debt Financing to purchase equipment to increase capacity by 200%

What kind of organizations it funds

By the activity category the IRS assigns each recipient, for the 43 of 699 recipients we could match to a registered organization. The categories are the IRS's, not ours -- Schedule I reports the recipient's EIN, so this is a lookup rather than a name match.

Giving by year

Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.

Where its money goes

93% of its giving went to organizations in Maine. Community foundations and federated funds are usually the most geographically bounded funders there are -- being outside the footprint is normally disqualifying in a way that a weak programme fit is not.

Down to the city

Funders that support the same organizations

These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are a sign of overlapping priorities and nothing more: they do not show that any of these funders would consider a new organization. Each page says what its filings show.

How to approach this grantmaker

1. Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
2. Check you are its size. The median reported grant is $31,900 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
3. Check you are in its geography. Its giving concentrates in Maine.
4. Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.

Where these numbers come from

Everything above is taken from Maine Technology Institute's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 5 returns (tax years 2020-2024). Grant figures are from its returns. Recipient classifications, the concentration and retention figures and the funders that support the same organizations are our own calculations from them, described in how we build this.

On its most recent return it told the IRS it made grants to 7 section 501(c)(3) organizations and 187 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.

Address of record on the latest return: 16 Middle St 201, Portland, ME, 04101.

EIN 01-0529871 · See the original filings on ProPublica · How we build this

Is something here wrong about your organization? Email [email protected] and we will correct it.