EqualityMaine Foundation

EIN: 010515357 501(c)(3) Human Services

Portland, ME

Total Revenue
$718,365
Total Expenses
$526,132
Total Assets
$649,917
Net Assets
$649,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
ME
Phone
2077613732
Tax Period
2022-10-01 to 2023-09-30

EqualityMaine Foundation, founded in 1998, is a small nonprofit in the Human Services sector that reported $718K in total revenue in fiscal year 2022. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 27% operating margin.

Mission

EQUALITYMAINE FOUNDATION WORKS TO PROTECT AND ADVANCE FULL EQUALITY FOR ALL LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER MAINERS BY CREATING AN INCLUSIVE AND INTERSECTIONAL MOVEMENT THROUGH COMMUNITY BUILDING, EDUCATION, ENGAGEMENT AND COLLABORATION.

Program Service Accomplishments

Program 1
Expenses: $391,751 Revenue: $29,006

Community based organizing: Resources are used to educate the public about LGBT+ issues; the organization's reach and engagement throughout Maine increases, and communication strategies are enhanced...

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Community based organizing: Resources are used to educate the public about LGBT+ issues; the organization's reach and engagement throughout Maine increases, and communication strategies are enhanced in order to reach new broader audiences.Network for Older Adults: a statewide program that supports, connects, and advocates with LGBTQ+ older adults. Regular programming and resources are provided for LGBTQ+ older adults in need of support and community across the state.New Leaders Project: year-round programming for LGBTQ+ youth and young adults from around the state.

Program 2

Annual awards banquet: Dinner and awards program to recognize and honor people who have made a difference in the journey for full equality for gay, lesbian, bisexual and transgender people. Other...

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Annual awards banquet: Dinner and awards program to recognize and honor people who have made a difference in the journey for full equality for gay, lesbian, bisexual and transgender people. Other events are also held during the year for similar purposes. Most of these activities are reported as special event activities with contributions received included as contributions in Part VIII.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $596,699
Program Service Revenue $29,006
Investment Income $6,043
Other Revenue $86,617
TOTAL REVENUE $718,365

Expense Breakdown

Grants Paid $4,500
Salaries & Benefits $258,760
Fundraising Expenses $77,684
Program Expenses $391,751
Other Expenses $262,872
TOTAL EXPENSES $526,132

Year-over-Year Comparison

2022 2021 Change
Revenue $718,365 $478,916 +0.5%
Expenses $526,132 $517,758 +0.0%
Net Income $192,233 $-38,842 -5.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$49,000
Total Directors
7
$49,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gia Drew Executive Director 39.50
$80,077 $14,697 $94,774
Michael Coon Pres/PY E.D. 39.50
Officer Director
$49,000 $0 $49,000
Joanne Lewis Director 2.00
Director
$0 $0 $0
Teresa Cloutier Treasurer 2.00
Officer Director
$0 $0 $0
Barbara Wood Vice President 2.00
Officer Director
$0 $0 $0
Dicle Turkoglu Director 2.00
Director
$0 $0 $0
Andre Chasse Director 2.00
Director
$0 $0 $0
Jace Viner Secretary 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $718,365 $526,132 $649,917 $192,233
2022 $478,916 $517,758 $444,353 $-38,842
2021 $797,319 $478,507 $527,657 $318,812
2020 $438,887 $424,494 $262,660 $14,393
2019 $543,434 $443,591 $213,023 $99,843
2018 $386,287 $371,306 $113,551 $14,981
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