Grantmaking public charity · EIN 01-0529871
Maine Technology Institute
Portland, ME
Maine Technology Institute is a public charity that makes grants based in Portland, ME. On its Form 990 (Schedule I) for tax year 2024, it reported $22.4M in grants paid across 194 grants, with $22.5M in total assets. Its largest grants went to Somerset Economic Development Corporation, Hancock Lumber Company Inc and Stratton Lumber Inc.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Maine Technology Institute's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
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.
Grants as reported on its Form 990 for tax year 2024; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
Provides funding to subrecipients in the State of Maine.
As stated on its Form 990.
Largest grants, tax year 2024
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| Somerset Economic Development Corporation | Skowhegan, ME | Somerset Forest Recovery Program. | $3,000,000 |
| Hancock Lumber Company Inc | Casco, ME | Bethel Value Added. | $990,000 |
| Stratton Lumber Inc | Stratton, ME | Hurst Boiler, Grinder and Auto-wrapper. | $990,000 |
| Roux Institute | Portland, ME | BioIN Incubator and BioPILOT Lab, a collaboration between the Northeastern/Roux Institute and the University of Southern Maine.; Future of Healthcare Founder Re | $560,000 |
| EME Biofuels LLC | Woodstock, VT | EME Biofuels. | $500,000 |
| Tanbark Molded Fiber Products Inc | Portland, ME | Electricity Upgrade to expand Production Capacity Video Production for Marketing Assets. | $499,317 |
| Robbins Lumber East Baldwin LLC | Searsmont, ME | Better Utilization of the Eastern White Pine Resource through Implementation of Value-based Scanning. | $495,000 |
| Sappi North America Inc | Westbrook, ME | Improvement of pulp and paper mill productivity when softwood chip ratio increases beyond 15% during the Copulp process at Somerset mill. | $495,000 |
| Godfrey Forest Arizona LLC | Marblehead, MA | Godfrey Forest Maine OSB Mill. | $490,000 |
| T&D Wood Energy LLC | Sanford, ME | Acquiring two shuttered facilities and expanding existing facility to meet rapidly increasing demand. | $450,000 |
| Maine Space Corporation | Augusta, ME | Building Maines Space Knowledge Cluster in Space Applications. | $426,413 |
| OPAL Build LLC (dba NotchSB) | Belfast, ME | Creating Resiliency in Residential Housing Construction; OPAL Build - Unlocking Affordable Housing through Sustainability. | $339,617 |
| Maine Plywood USA | Bingham, ME | 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 | $273,285 |
| Nautical Farms LLC | Machias, ME | Digital Marketing & E-Commerce; Nautical Farms LLC Expansion. | $255,000 |
| Eagle Point Energy Center LLC | Orrington, ME | Eagle Point Phase II Process Upgrade. | $250,000 |
| Grandy Organics LLC | Hiram, ME | Build out management team and automate production to make Grandy Organics a more resilient business. | $250,000 |
| Great Northern Salmon Inc | Millinocket, ME | Implementation of critical path initiatives to ensure construction start on schedule. | $250,000 |
| Looma LLC | South Portland, ME | Addition of Volume Manufacturing to Looma's Services. | $250,000 |
| Maine Canned Fish | Topsham, ME | Maine Canned Fish Startup. | $250,000 |
| Maine Electric Boat Company LLC | Biddeford, ME | Electric Propulsion Workforce Training. | $250,000 |
| Maine Grains Inc | Skowhegan, ME | Building capacity to manufacture upcycled nutritious grain cereals and snacks at Maine Grains. | $250,000 |
| The Good Crust LLC | Canaan, ME | Good Crust Builds Resilience with Infrastructure Expansion to Serve Schools. | $250,000 |
| Washburn & Doughty Associates Inc | Boothbay, ME | Hiring Initiatives: Human Resources Director, Project Manager and Hybrid Support Engineers; Purchase and Implementation of ERP System. | $250,000 |
| Short Creek Meats LLC | Kennebunk, ME | Mechanizing Short Creek Meats' Plant Operations to Address Labor Shortages. | $238,150 |
| Maine Center for Enterprise Development | Portland, ME | 2024 Maine Food Producers Showcase and Golden Fork Awards; FoodTech Maine; MOU. | $234,382 |
The 25 largest of 194 grants listed on the return. Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Maine Technology Institute accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Maine Technology Institute's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Maine Technology Institute give each year?
For tax year 2024, it reported $22,384,003 in grants paid (194 grants). Giving can change from year to year.
What organizations has Maine Technology Institute funded?
Its largest grants in tax year 2024 went to Somerset Economic Development Corporation (ME), $3M, Hancock Lumber Company Inc (ME), $990K, Stratton Lumber Inc (ME), $990K, Roux Institute (ME), $560K and EME Biofuels LLC (VT), $500K.