The Institute, through a public and private partnership, shall encourage, promote, stimulate and support research and development activity leading to the commercialization of new products and services in Maine's technology-intensive industrial sectors to enhance the competitive position of those sectors and increase the likelihood that one or more of the sectors will support clusters of industrial activity and to create new jobs for Maine people. The Institute is one element of Maine's economic development strategy and will contribute to the long-term development of a statewide research, development and product deployment infrastructure.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Maine.
| Position | Total |
|---|---|
Director of Finance & Administration Median to 75th percentilevs Education peers nationwide | $133k $148k |
President 25th percentile to median | $54k $60k |
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 12 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at Maine Technology Institute equaled 0.6% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 19%
from 2022
From $111k in 2022 to $133k in 2023.
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.
Chief Financial Officer pay rose 19% from 2022 to 2023, while revenue fell 38%.
- Chief Executive Officer pay rose 1% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Maine Technology Institute
What does the Chief Financial Officer of Maine Technology Institute earn?
In 2023, the Chief Financial Officer of Maine Technology Institute received $132,834 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among Education organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Financial Officer pay at Maine Technology Institute compare with similar nonprofits?
Compared with the same role at Education organizations nationwide, the 2023 pay of the Chief Financial Officer at Maine Technology Institute falls between the median and the 75th percentile. In 2023, the highest total compensation at Maine Technology Institute equaled 0.6% of the organization's total expenses. The median for education organizations is 7%.
What are Maine Technology Institute's revenue and expenses?
In 2023, Maine Technology Institute reported $22.5M in total revenue and $22M in total expenses on its IRS Form 990.
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