Form 990 for tax year 2022
Filed by EASTERN MAINE DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $6,477,472
- Total expenses
- $6,672,882
- Contributions and grants received
- $5,627,216
- Grants paid
- $881,235
- Program service revenue
- $805,936
- Investment income
- -$762
- Other revenue
- $45,082
- Total assets, end of year
- $11,588,285
- Total liabilities, end of year
- $2,163,003
- Net assets or fund balances, end of year
- $9,425,282
- Program services expenses (Part IX)
- $5,599,410
- Management and general expenses
- $1,073,472
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,599,410
Program services were 83.9% 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
$25,250
-
1e · Government grants (contributions)
$5,568,451
-
1f · All other contributions, gifts and grants
$33,515
-
2a · Program service revenue: Contracts
total $248,017 · related or exempt $248,017
-
2b · Program service revenue: Interest Loan Fees
total $505,894 · related or exempt $505,894
-
2c · Program service revenue: Rent Income
total $5,522 · related or exempt $5,522
-
2d · Program service revenue: Loan Recoveries
total $46,503 · related or exempt $46,503
-
3 · Investment income
total $2,247 · excluded $2,247
-
7b · Less cost or other basis and sales expenses
other assets $3,009
-
7c · Gain or loss
other assets -$3,009
-
7d · Net gain or loss
total -$3,009
-
11a · Other revenue: Gala
total $26,250 · related or exempt $26,250
-
11b · Other revenue: Conference
total $1,900 · related or exempt $1,900
-
11c · Other revenue: Sponsorship
total $3,000 · related or exempt $3,000
-
11d · All other revenue
total $13,932 · related or exempt $13,932
-
11e · Other revenue, total
$45,082
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $881,235 · program services $881,235
-
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 $2,487,956 · program services $1,871,615 · management and general $616,341
-
8 · Pension plan contributions
total $941,741 · program services $941,741
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,246 · management and general $3,246
-
11c · Fees: accounting
total $29,096 · management and general $29,096
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $137,257 · program services $137,257
-
12 · Advertising and promotion
total $8,574 · program services $986 · management and general $7,588
-
13 · Office expenses
total $118,630 · management and general $118,630
-
14 · Information technology
total $197,962 · management and general $197,962
-
15 · Royalties
total $0
-
16 · Occupancy
total $318,294 · program services $254,309 · management and general $63,985
-
17 · Travel
total $99,854 · program services $93,149 · management and general $6,705
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $26,234 · program services $26,234
-
20 · Interest
total $46,606 · program services $43,505 · management and general $3,101
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $20,000 · program services $20,000
-
23 · Insurance
total $20,418 · management and general $20,418
-
24a · Other expenses: DECD Pass-through
total $229,000 · program services $229,000
-
24b · Other expenses: Participant Costs
total $994,486 · program services $994,486
-
24c · Other expenses: Gala Expenses
total $72,104 · program services $72,104
-
24d · Other expenses: Loan Losses and Fees
total $1,225 · program services $1,225
-
24e · All other expenses
total $38,964 · program services $32,564 · management and general $6,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $264,951 · end of year $324,510
-
2 · Savings and temporary cash investments
beginning of year $1,949,323 · end of year $2,196,638
-
4 · Accounts receivable
beginning of year $920,267 · end of year $1,068,530
-
7 · Other notes and loans receivable
beginning of year $7,913,302 · end of year $7,881,053
-
9 · Prepaid expenses and deferred charges
beginning of year $10,072 · end of year $19,707
-
10a · Land, buildings and equipment: cost or other basis
$251,925
-
10b · Land, buildings and equipment: accumulated depreciation
$251,925
-
15 · Other assets
end of year $97,847
-
17 · Accounts payable and accrued expenses
beginning of year $319,712 · end of year $1,011,959
-
19 · Deferred revenue
beginning of year $28,768 · end of year $190,885
-
23 · Secured mortgages and notes payable
beginning of year $826,028 · end of year $960,159
-
27 · Net assets without donor restrictions
beginning of year $2,784,944 · end of year $2,326,819
-
28 · Net assets with donor restrictions
beginning of year $7,098,463 · end of year $7,098,463
Mission and programs · 2022
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.
Expenses $16,462
-
Brownfields Assessment and RLF Summary EMDC was awarded a brownfields assessment grant in 2022 for 500,000 to perform Phase I and II assessments to determine existing contamination at potential commercialization sites. In 2023, EMDC performed 13 Phase 1 and Phase 2 assessments in the four-county service area of Hancock, Penobscot, Piscataquis and Waldo counties. A total of 153 instances of technical assistance encounters were reported. EMDC was also awarded 1 million through a revolving loan fund grant to award loans and/or grants for cleanup projects. In 2023, loans and grants were given to two former paper mill sites located in Millinocket and Lincoln Penobscot County. EMDC will apply for an additional 3 million through a competitive process to expand the revolving loan fund program.
Expenses $69,496
-
Economic Recovery Implementation Hub program was launched July 2023 with the goal of providing technical assistance, entrepreneurial training, and grant funding to small businesses of less than 250 employees that started on or after January 1, 2020. EMDC collaborates with Spoke partners to reach the target audience Maine MultiCultural Center, Northern Maine Development Commission, Cooperative Development Institute, UpStart Maine, and Four Directions Development Corporation. From July to September 30, 2023, the Hub program provided direct technical assistance to 34 unique clients, including but not limited to marketing assistance, finding sources of funding, business plan assistance, location leads, and industry connections. Of these 34 businesses, 18 were women-owned, 8 were BIPOC-owned, and 1 was veteran-owned. 15 small businesses were awarded grants for a total of 424,000.
Expenses $513,814
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dan Tremble
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Laura Sanborn
Secretary-Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Sven Bartholomew
Director
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth Russell
Director
- 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
-
Dennis Damon
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
-
Jean Mellett
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lee Umphrey
President
- Total calculated
- $0
- Hours/week
- 40
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
-
Acadia Wilderness Lodge
$50,000
-
$50,000
-
Penobscot Bay Weddings & Events
$40,000
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202442269349300539
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.