THE MAINE HERITAGE POLICY CENTER

EIN: 223888250 501(c)(3) Education

PORTLAND, ME

Total Revenue
$1,946,538
Total Expenses
$1,731,079
Total Assets
$891,365
Net Assets
$642,704
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
ME
Principal Officer
MATTHEW GAGNON
Phone
2073212550
Tax Period
2024-01-01 to 2024-12-31

THE MAINE HERITAGE POLICY CENTER, founded in 2002, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 11% surplus.

Mission

TO FORMULATE AND PROMOTE CONSERVATIVE PUBLIC POLICIES BASED ON THE PRINCIPLES OF FREE ENTERPRISE; LIMITED, CONSTITUTIONAL GOVERNMENT; INDIVIDUAL FREEDOM; AND TRADITIONAL AMERICAN VALUES.

Program Service Accomplishments

Program 1
Expenses: $660,363

EDUCATION MAINE POLICY INSTITUTE CONDUCTS RESEARCH AND HAS DEVELOPED PROGRAMS FOCUSED ON DETERMINING HOW TO PROVIDE MAINE STUDENTS WITH THE BEST POSSIBLE EDUCATION AND THE HIGHEST LEVEL OF ACADEMIC...

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EDUCATION MAINE POLICY INSTITUTE CONDUCTS RESEARCH AND HAS DEVELOPED PROGRAMS FOCUSED ON DETERMINING HOW TO PROVIDE MAINE STUDENTS WITH THE BEST POSSIBLE EDUCATION AND THE HIGHEST LEVEL OF ACADEMIC PREPARATION POSSIBLE, SO THAT MAINE STUDENTS MAY PROSPER IN THE COMPETITIVE, GLOBAL ECONOMY. MPIS RESEARCH-BASED EDUCATION PROGRAM IS DESIGNED TO IDENTIFY THE ELEMENTS NECESSARY TO BUILD AN EDUCATION SYSTEM THAT EFFECTIVELY MEETS THE NEEDS AND CHALLENGES OF THE INDIVIDUAL STUDENT WITH THE PARENT IN CONTROL OF EDUCATION DECISIONS FOR HIS OR HER CHILD. WE BELIEVE THE MODELS FOR PRIMARY AND SECONDARY EDUCATION THAT ARE USED IN MAINE ARE OUTDATED, AND THAT THE EXISTING EDUCATION SYSTEM IS NOT ADEQUATELY RESPONSIVE TO THE CONCERNS OR INTERESTS OF PARENTS. MPIS LEADERSHIP IS WORKING TO GUARANTEE THAT PARENTS HAVE GREATER ROLES IN DETERMINING THEIR CHILDS EDUCATIONAL GOALS AND THE PROGRAMS AVAILABLE, SO THAT PARENTS CAN SELECT THE BEST INDIVIDUALIZED TEACHING AND LEARNING OPTIONS FOR THEIR CHILDREN. THE LONG-TERM VISION IS TO IMPROVE THE OUTCOMES FOR THE GREATEST NUMBER OF STUDENTS BY ENSURING THAT STUDENTS RECEIVE HIGH-QUALITY PRIMARY AND SECONDARY SCHOOL INSTRUCTION, AND ARE PREPARED TO FUNCTION EFFECTIVELY IN COLLEGES, UNIVERSITIES, OR VOCATIONAL TRAINING PROGRAMS.

Program 2
Expenses: $311,926

ECONOMICS AND TAXATION MAINE POLICY INSTITUTE PROMOTES GREATER PROSPERITY FOR WORKING MAINE FAMILIES. LIMITED GOVERNMENT, LOW TAXES AND REASONABLE AND LIMITED GOVERNMENT REGULATIONS ARE THE KEY...

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ECONOMICS AND TAXATION MAINE POLICY INSTITUTE PROMOTES GREATER PROSPERITY FOR WORKING MAINE FAMILIES. LIMITED GOVERNMENT, LOW TAXES AND REASONABLE AND LIMITED GOVERNMENT REGULATIONS ARE THE KEY INGREDIENTS ON WHICH MAINE POLICY FOCUSES TO CREATE A VIBRANT PRIVATE SECTOR AND A STRONG, GROWING, AND SUSTAINABLE ECONOMY. MAINE POLICY WORKS TO REVERSE MAINES ECONOMIC AND DEMOGRAPHIC DECLINE BY PROMOTING POLICY INITIATIVES THAT REINVIGORATE MAINES ECONOMY AND LIFT PEOPLE OUT OF POVERTY. LIBERTY FOCUSED AND FREE MARKET IDEAS HELP ADVANCE THESE CORE PRINCIPLES THROUGH SOUND RESEARCH, AGGRESSIVE OUTREACH, EDUCATION, AND THE PROMOTION OF A CLEAR POLICY AGENDA THAT HELPS SHIFT PUBLIC OPINION AND ESTABLISH ENDURING CHANGE IN OUR STATE.

Program 3
Expenses: $301,401

HEALTH CARE MAINE POLICY INSTITUTE HAS A VISION THAT EVERYONE IN MAINE SHOULD HAVE ACCESS TO COMPREHENSIVE PRIVATE HEALTH INSURANCE COVERAGE AND HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE PROVIDERS...

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HEALTH CARE MAINE POLICY INSTITUTE HAS A VISION THAT EVERYONE IN MAINE SHOULD HAVE ACCESS TO COMPREHENSIVE PRIVATE HEALTH INSURANCE COVERAGE AND HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE PROVIDERS. MAINE POLICY PROMOTES POLICIES THAT GIVE INDIVIDUALS GREATER PERSONAL RESPONSIBILITY OVER THEIR OWN HEALTH AND OFFERS MEANINGFUL INCENTIVES FOR CITIZENS TO IMPROVE THEIR OWN HEALTH LONG TERM. MAINE POLICYS SUPPORTERS BELIEVE THAT MAINE SHOULD HAVE GREATER COMPETITION AND MORE INNOVATION IN HEALTH CARE WITH NUMEROUS CHOICES FOR INSURANCE CARRIERS AND HEALTH CARE PLANS AVAILABLE TO CITIZENS. MAINE POLICY SUPPORTS INNOVATION AND POLICIES THAT HARNESS PERSONAL INCENTIVES TO LOWER HEALTH CARE SPENDING, REWARD CLIENT VALUE, AND PROMOTE COMPETITION BETWEEN HEALTH CARE PROVIDERS. MAINE POLICY SUPPORTS TRANSPARENCY AND GREATER ACCESSIBILITY FOR CITIZENS TO PRICING AND OTHER FINANCIAL AND OUTCOME-DATA THAT IS RELATED TO THE PROVISION OF HEALTH CARE SERVICES. MAINE POLICY ALSO BELIEVES THAT MAINES BUSINESS OWNERS NEED TO BE ENCOURAGED TO HELP THEIR EMPLOYEES TAKE GREATER OWNERSHIP WITH THEIR HEALTH CARE, SO THAT EMPLOYEES HAVE A VESTED INTEREST IN BEING PRUDENT PATIENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,935,062
Program Service Revenue $9,171
Investment Income $13,340
Other Revenue $-11,035
TOTAL REVENUE $1,946,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,011,272
Fundraising Expenses $266,554
Program Expenses $1,392,548
Other Expenses $719,807
TOTAL EXPENSES $1,731,079

Year-over-Year Comparison

2024 2023 Change
Revenue $1,946,538 $1,699,340 +0.1%
Expenses $1,731,079 $1,409,240 +0.2%
Net Income $215,459 $290,100 -0.3%
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
11
Independent Members
11
Employees
13
Volunteers
N/A

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
$284,107
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW GAGNON CEO 40.00
Officer
$275,339 $8,768 $284,107
WILLIAM BOESCHENSTEIN TREASURER 0.20
Officer Director
$0 $0 $0
LARRY RUBINSTEIN DD DIRECTOR 0.20
Director
$0 $0 $0
SUSAN DENCH DIRECTOR 0.20
Director
$0 $0 $0
TIMOTHY BRYANT ESQ SECRETARY 0.20
Officer Director
$0 $0 $0
SCOTT FORREY DIRECTOR 0.20
Director
$0 $0 $0
JEFFREY KANE DIRECTOR 0.20
Director
$0 $0 $0
JASON ONEY DIRECTOR 0.20
Director
$0 $0 $0
CHRISTOPHER A PIERCE DIRECTOR 0.20
Director
$0 $0 $0
THE HONORABLE DEBRA PLOWMAN DIRECTOR 0.20
Director
$0 $0 $0
THE HONORABLE AMY VOLK DIRECTOR 0.20
Director
$0 $0 $0
SCOTT WELLMAN CHAIRMAN/PRE 0.20
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
2024 $1,946,538 $1,731,079 $891,365 $215,459
2023 $1,699,340 $1,409,240 $693,463 $290,100
2022 $1,063,765 $1,017,008 $363,655 $46,757
2021 $1,075,647 $940,028 $318,158 $135,619
2020 $688,189 $655,594 $188,791 $32,595
2019 $639,746 $674,147 $123,221 $-34,401
2018 $599,535 $717,288 $121,916 $-117,753
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