Civic Intelligence

Freeport Economic Development Corp

EIN 01-0376892 • 501(c)6 • Freeport, ME

Profile

Promotion of economic development

30 Main StreetFreeport, ME 04032

www.freeportecon.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

90th percentile

33%

Higher net margin than 90% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

82nd percentile

22%

Faster asset growth than 82% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-58%

Faster revenue growth than 10% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$109,003

Up $19,949 (+22%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$109,003

Up $19,949 (+22%) from 2024

Revenue

Down

$60,176

Down $82,834 (-58%) from 2024

Expenses

Down

$40,226

Down $121,226 (-75%) from 2024

Net Income

Up

$19,950

Up $38,392 (+208%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2012: $48,746Liabilities 2012: $02012Assets 2013: $49,554Liabilities 2013: $0Net Assets 2013: $49,5542013Assets 2014: $62,252Liabilities 2014: $0Net Assets 2014: $62,2522014Assets 2015: $74,793Liabilities 2015: $0Net Assets 2015: $74,7932015Assets 2016: $72,809Liabilities 2016: $0Net Assets 2016: $72,8092016Assets 2017: $72,057Liabilities 2017: $0Net Assets 2017: $72,0572017Assets 2018: $70,335Liabilities 2018: $0Net Assets 2018: $70,3352018Assets 2019: $69,105Liabilities 2019: $0Net Assets 2019: $69,1052019Assets 2020: $39,702Liabilities 2020: $0Net Assets 2020: $39,7022020Assets 2021: $40,087Liabilities 2021: $0Net Assets 2021: $40,0872021Assets 2022: $78,730Liabilities 2022: $0Net Assets 2022: $78,7302022Assets 2023: $110,829Liabilities 2023: $3,333Net Assets 2023: $107,4962023Assets 2024: $89,054Net Assets 2024: $89,0542024Assets 2025: $109,003Net Assets 2025: $109,0032025

Highlighted filing

2025

Assets$109,003
Liabilities-
Net Assets$109,003

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2012: $6Expenses 2012: $41,951Net Income 2012: -$41,9452012Revenue 2013: $149,214Expenses 2013: $148,406Net Income 2013: $8082013Revenue 2014: $98,502Expenses 2014: $85,804Net Income 2014: $12,6982014Revenue 2015: $101,502Expenses 2015: $88,961Net Income 2015: $12,5412015Revenue 2016: $95,015Expenses 2016: $94,388Net Income 2016: $6272016Revenue 2017: $95,026Expenses 2017: $95,778Net Income 2017: -$7522017Revenue 2018: $95,024Expenses 2018: $96,746Net Income 2018: -$1,7222018Revenue 2019: $100,022Expenses 2019: $101,252Net Income 2019: -$1,2302019Revenue 2020: $100,024Expenses 2020: $129,427Net Income 2020: -$29,4032020Revenue 2021: $115,009Expenses 2021: $114,624Net Income 2021: $3852021Revenue 2022: $120,837Expenses 2022: $82,194Net Income 2022: $38,6432022Revenue 2023: $142,212Expenses 2023: $113,444Net Income 2023: $28,7682023Revenue 2024: $143,010Expenses 2024: $161,452Net Income 2024: -$18,4422024Revenue 2025: $60,176Expenses 2025: $40,226Net Income 2025: $19,9502025

Highlighted filing

2025

Revenue$60,176
Expenses$40,226
Net Income$19,950

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$1.09$0.60$0.40$0.20
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.89$1.43$1.61$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.07$1.42$1.13$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.00$0.79$1.21$0.82$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.00$0.40$1.15$1.15$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.00$1.29$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.00$0.69$1.00$1.01$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$0.95$0.97$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.00$0.72$0.95$0.96$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.00$0.73$0.95$0.94$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.00$0.75$1.02$0.89$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.99$0.86$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$1.49$1.48$0.01
2012Summary only. Only limited summary data is available for this year.$0.49$0.00$0.00$0.42$0.42
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$143,010
Mission and Program Overview

Mission

Promotion of economic development

Program Services

DescriptionGrantsExpenses
THE CORPORATION HAS DEVELOPED SPECIAL EVENTS, MARKETING BROCHURES, AND OTHER ADVERTISING TO MARKET THE TOWN OF FREEPORT AS A FAVORABLE BUSINESS LOCATION.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRETT RICHARDSON THRU 63024Executive DiFT$93,323$9,332$102,655
MARY DAVISPresident-$0--
DAN BACONVice Preside-$0--
CANDICE RINALDITreasurer-$0--
KEN SPARTADirector-$0--
JASON SULHAMDirector-$0--
MARK MALONEDirector-$0--
LEANNE BARSCHDORF-NICHOLSDirector-$0--
REBECCA DOTEN LIZOTTEDirector-$0--
SARAH B TRACYDirector-$0--
STEFANIE MILLETTEDirector-$0--
JAMES HENDRICKSDirector-$0--
NIKKI YANOK-SCHNEIDERDirector-$0--
TAWNI WHITNEYDirector-$0--
SOPHIA WILSONEx Officio-$0--
DAN PILTCHTown Council-$0--
Filing and Contact Details

Filer

Filer Name
Freeport Economic Development Corp
EIN
01-0376892
Phone
2078654743
Address
30 MAIN STREET, FREEPORT, ME 04032

Signing Officer

Name
Mary Davis
Title
President
Phone
2078654743
Signed
2025-01-15

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
Amy Chasse
Phone
2077732986
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 79 information technology 1,970 conferences/meetings 878 insurance 1,399 dues & memberships 1,425 miscellaneous 1,697 economic dev services 5,000 total 12,448

Form 990-ez, Part II, Line 24

Inventories for sale or use 0 125 prepaid expenses and deferred charges 667 246 total 667 371

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,333 0

Raw XML Appendix158 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MARY DAVIS
IRS990EZ/BooksInCareOfDetail/PhoneNum02078654743
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt030 MAIN STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FREEPORT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd004032
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0110162
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt088683
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0143000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-18442
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01166
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0110829
IRS990EZ/Form990TotalAssetsGrp/EOYAmt089054
IRS990EZ/GrossReceiptsAmt0143010
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt010
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0107496
IRS990EZ/NetAssetsOrFundBalancesEOYAmt089054
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0107496
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt089054
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt101.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt111.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt121.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt131.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt141.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1540.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt130
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt140
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt1593323
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt09332
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MARY DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DAN BACON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CANDICE RINALDI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KEN SPARTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JASON SULHAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MARK MALONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6LEANNE BARSCHDORF-NICHOLS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7REBECCA DOTEN LIZOTTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8SARAH B TRACY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9STEFANIE MILLETTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JAMES HENDRICKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11NIKKI YANOK-SCHNEIDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12TAWNI WHITNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13SOPHIA WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm14DAN PILTCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm15BRETT RICHARDSON THRU 63024
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt12DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13EX OFFICIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt14TOWN COUNCIL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt15EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0667
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0371
IRS990EZ/OtherExpensesTotalAmt012448
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTION OF ECONOMIC DEVELOPMENT
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE CORPORATION HAS DEVELOPED SPECIAL EVENTS, MARKETING BROCHURES, AND OTHER ADVERTISING TO MARKET THE TOWN OF FREEPORT AS A FAVORABLE BUSINESS LOCATION.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0147838
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03333
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0161452
IRS990EZ/TotalRevenueAmt0143010
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FREEPORTECON.COM
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 79 INFORMATION TECHNOLOGY 1,970 CONFERENCES/MEETINGS 878 INSURANCE 1,399 DUES & MEMBERSHIPS 1,425 MISCELLANEOUS 1,697 ECONOMIC DEV SERVICES 5,000 TOTAL 12,448
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 0 125 PREPAID EXPENSES AND DEFERRED CHARGES 667 246 TOTAL 667 371
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,333 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY DAVIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02078654743
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEPORT ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0010376892
ReturnHeader/Filer/PhoneNum02078654743
ReturnHeader/Filer/USAddress/AddressLine1Txt030 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0FREEPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004032
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010440155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUNYON KERSTEEN OUELLETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 LONG CREEK DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004106
ReturnHeader/PreparerPersonGrp/PhoneNum02077732986
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY CHASSE
ReturnHeader/ReturnTs02025-01-15T16:10:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • <$500k nonprofits