Form 990 for tax year 2023
Filed by EASTERN MAINE DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $10,533,418
- Total expenses
- $10,111,339
- Contributions and grants received
- $9,626,734
- Grants paid
- $0
- Program service revenue
- $782,040
- Investment income
- $0
- Other revenue
- $124,644
- Total assets, end of year
- $11,762,497
- Total liabilities, end of year
- $1,529,865
- Net assets or fund balances, end of year
- $10,232,632
- Program services expenses (Part IX)
- $9,226,958
- Management and general expenses
- $884,381
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,226,958
Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$105,283
-
1e · Government grants (contributions)
$9,170,942
-
1f · All other contributions, gifts and grants
$350,509
-
2a · Program service revenue: Contracts
total $346,414 · related or exempt $346,414
-
2b · Program service revenue: Interest Loan Fees
total $435,282 · related or exempt $435,282
-
2c · Program service revenue: Rent Income
total $344 · related or exempt $344
-
11a · Other revenue: Gain on sale of Loans
total $10,922 · related or exempt $10,922
-
11b · Other revenue: Financial Services
total $66,863 · related or exempt $66,863
-
11d · All other revenue
total $46,859 · related or exempt $46,859
-
11e · Other revenue, total
$124,644
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,234,695 · program services $3,778,809 · management and general $455,886
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $330,250 · program services $259,841 · management and general $70,409
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $118,579 · program services $114,216 · management and general $4,363
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $25,288 · program services $24,160 · management and general $1,128
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total -$20,000 · program services -$20,000
-
23 · Insurance
total $0
-
24a · Other expenses: SMM Pass-through
total $1,414,818 · program services $1,414,818
-
24b · Other expenses: Participant Costs
total $1,085,481 · program services $1,085,481
-
24c · Other expenses: Subcontracts
total $1,419,666 · program services $1,419,666
-
24d · Other expenses: Admin Expenditures
total $1,098,754 · program services $746,159 · management and general $352,595
-
24e · All other expenses
total $403,808 · program services $403,808
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $324,510 · end of year $277,522
-
2 · Savings and temporary cash investments
beginning of year $2,196,638 · end of year $2,468,741
-
4 · Accounts receivable
beginning of year $1,068,530 · end of year $1,737,096
-
7 · Other notes and loans receivable
beginning of year $7,881,053 · end of year $7,261,721
-
9 · Prepaid expenses and deferred charges
beginning of year $19,707 · end of year $17,417
-
10a · Land, buildings and equipment: cost or other basis
$251,925
-
10b · Land, buildings and equipment: accumulated depreciation
$251,925
-
15 · Other assets
beginning of year $97,847
-
17 · Accounts payable and accrued expenses
beginning of year $1,011,959 · end of year $868,288
-
19 · Deferred revenue
beginning of year $190,885 · end of year $61,798
-
23 · Secured mortgages and notes payable
beginning of year $960,159 · end of year $599,779
-
27 · Net assets without donor restrictions
beginning of year $2,326,819 · end of year $3,134,169
-
28 · Net assets with donor restrictions
beginning of year $7,098,463 · end of year $7,098,463
Mission and programs · 2023
Mission
Provide educational and other economic development services to governments and businesses in eastern Maine
Activities or mission (Part I)
Economic Development
-
Municipal Planning The Municipal Planning Assistance Program MPAP was set up under the Maines Department of Agriculture Conservation and Forestry. It is implemented through EMDCs Regional Planning Commission RPC. The RPC provides municipal technical assistance services as well as comprehensive plan and land use ordinance development services to all towns within the Penobscot and Piscataquis and some of Waldo Counties. During 2023 the RPC staff provided technical assistance to 14 municipalities ranging from land use queries, ordinance development, code enforcement guidance, and MRSA Title 30-A interpretation. Also included were a range of coastal climate workshops to 13 coastal towns within the Penobscot River estuary. The RPC provided comprehensive planning development services to 5 municipalities totaling 96,500 in contractual services during 2023.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dennis Damon
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Laura Sanborn
Secretary-Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Tim Pease
Director
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth Russell
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Denise M Buzzelli
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dr Steven R Cunningham
Director
- Total calculated
- $0
- Hours/week
- 2
-
Michael Donahue
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wayne Erkkinen
Director
- Total calculated
- $0
- Hours/week
- 2
-
James S Gillway
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jarrod Guimond
Director
- Total calculated
- $0
- Hours/week
- 2
-
EJ Roach
Director
- Total calculated
- $0
- Hours/week
- 2
-
Scott Adkins
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jessica Masse
Director
- Total calculated
- $0
- Hours/week
- 2
-
Patrick McGowan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dan Tremble
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jose Saavedra
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$98,750
-
$98,750
-
Four Directions Development Corp
$60,000
-
$50,000
-
The Beauty Artist
$25,000
-
Frugal Mainer LLC
$25,000
-
Cardtastic Collectibles and More
$25,000
-
AC Training LLC
$25,000
-
Mis Primeros Pasos My First Steps
$25,000
-
Moosabec Medical
$25,000
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511899349300111
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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