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Filing year 2024

INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES

Falmouth, Maine·EIN 83-1372987·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$8.2M
Total assets
$0
Total expenses
$49.2M
Reported officers
4

Executive compensation

Form 990-PF · Part VIII · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide.

Board Member/executive Director
Unclassified
$391k
$422k
Chief Operating Officer
Above 90th percentile
$338k
$364k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES equaled 0.8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
0.8%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$49.1M

Itemized grants

1

Median grant

$49.1M

RecipientLocationPurposeAmount
NORTHEASTERN UNIVERSITY PORTLAND CAMPUS DEVELOPMENT FUNDBOSTON, MATO CONTRIBUTE PROJECT DEVELOPMENT COSTS, LAND, AND OTHER ASSETS GATHERED OVER YEARS TO CONSTRUCT NEW BUILDING TO BE USED BY THE UNIVERSITY.$49.1M

Down 11%
from 2023

From $440k in 2023 to $391k in 2024.

$440k
2023
$391k
2024
In today's dollarsEst.
Down 14% in real terms$491k to $422k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Operating Officer pay fell 23% from 2023 to 2024, while revenue fell 46%.

$440k in 2023 to $338k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES reported revenue and expenses across 2 filing years.

RevenueExpenses
$15M
$47k
2023
$8.2M
$49.2M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Comparable philanthropy, voluntarism & grantmaking organizations in Maine pay their highest-earning executive a median of $12,000.

25th percentile
$4k
Median
$12,000
75th percentile
$38k
90th percentile
$119k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 194 organizations across 194 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maine
FAQ

Common questions about INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES

What does the Chief Operating Officer of INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES earn?

In 2024, the Chief Operating Officer of INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES received $337,500 in total compensation. This pay is in the top 10% for Chief Operating Officer roles among Philanthropy, Voluntarism & Grantmaking organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Operating Officer pay at INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations nationwide, the 2024 pay of the Chief Operating Officer at INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES falls in the top 10%. In 2024, the highest total compensation at INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES equaled 0.8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES's revenue and expenses?

In 2024, INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES reported $8.2M in total revenue and $49.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.