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Filing year 2024

MAINE AQUACULTURE INNOVATION CENTER

Walpole, Maine·EIN 01-0467869·NTEE K99Z · Food, Agriculture & Nutrition·501(c)(3)
Total revenue
$2.5M
Total assets
$4.1M
Total expenses
$1.4M
Reported officers
12
Mission

TO STRENGTHEN THE COMPETITIVE POSITION ON THE DEVELOPMENT AND COMMERCIALIZATION OF NEW MARKETABLE SPECIES OF FINFISH, SHELLFISH, AND SEA VEGETABLES BY DEVELOPING TECHNOLOGY TO LOWER INDUSTRY COST AND PROVIDE EDUCATION.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Food, Agriculture & Nutrition organizations nationwide.

Executive Director
Median to 75th percentile
$111k
$120k

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 11 unpaid individuals.

Browse compensation in Food, Agriculture & Nutrition

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MAINE AQUACULTURE INNOVATION CENTER equaled 8% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

This organization (2024)
8%
Sector median
8%
Middle half of sector
3% to 19%

Based on 2,784 food, agriculture & nutrition organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Climbed 22%
over 2 years

From $91k in 2022 to $111k in 2024.

$91k
2022
$104k
2023
$111k
2024
In today's dollarsEst.
Up 14% in real terms$105k to $120k

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

Director (Operational) pay rose 14% from 2022 to 2023, while revenue fell 38%.

$91k in 2022 to $104k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MAINE AQUACULTURE INNOVATION CENTER

What does the Chief Executive Officer of MAINE AQUACULTURE INNOVATION CENTER earn?

In 2024, the Chief Executive Officer of MAINE AQUACULTURE INNOVATION CENTER received $111,063 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Food, Agriculture & Nutrition organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MAINE AQUACULTURE INNOVATION CENTER compare with similar nonprofits?

Compared with the same role at Food, Agriculture & Nutrition organizations nationwide, the 2024 pay of the Chief Executive Officer at MAINE AQUACULTURE INNOVATION CENTER falls between the median and the 75th percentile. In 2024, the highest total compensation at MAINE AQUACULTURE INNOVATION CENTER equaled 8% of the organization's total expenses. The median for food, agriculture & nutrition organizations is 8%.

What are MAINE AQUACULTURE INNOVATION CENTER's revenue and expenses?

In 2024, MAINE AQUACULTURE INNOVATION CENTER reported $2.5M in total revenue and $1.4M in total expenses on its IRS Form 990.

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