Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 01-0376892 • 501(c)6 • Freeport, ME
Profile
Promotion of economic development
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
82nd percentile
Faster asset growth than 82% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
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
Most recent year
2025 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.
Promotion of economic development
| Description | Grants | Expenses |
|---|---|---|
| THE CORPORATION HAS DEVELOPED SPECIAL EVENTS, MARKETING BROCHURES, AND OTHER ADVERTISING TO MARKET THE TOWN OF FREEPORT AS A FAVORABLE BUSINESS LOCATION. | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BRETT RICHARDSON THRU 63024 | Executive Di | FT | $93,323 | $9,332 | $102,655 |
| MARY DAVIS | President | - | $0 | - | - |
| DAN BACON | Vice Preside | - | $0 | - | - |
| CANDICE RINALDI | Treasurer | - | $0 | - | - |
| KEN SPARTA | Director | - | $0 | - | - |
| JASON SULHAM | Director | - | $0 | - | - |
| MARK MALONE | Director | - | $0 | - | - |
| LEANNE BARSCHDORF-NICHOLS | Director | - | $0 | - | - |
| REBECCA DOTEN LIZOTTE | Director | - | $0 | - | - |
| SARAH B TRACY | Director | - | $0 | - | - |
| STEFANIE MILLETTE | Director | - | $0 | - | - |
| JAMES HENDRICKS | Director | - | $0 | - | - |
| NIKKI YANOK-SCHNEIDER | Director | - | $0 | - | - |
| TAWNI WHITNEY | Director | - | $0 | - | - |
| SOPHIA WILSON | Ex Officio | - | $0 | - | - |
| DAN PILTCH | Town Council | - | $0 | - | - |
“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”
“Inventories for sale or use 0 125 prepaid expenses and deferred charges 667 246 total 667 371”
“Accounts payable and accrued expenses 3,333 0”
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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MARY DAVIS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2078654743 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 30 MAIN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FREEPORT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | ME |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 04032 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 110162 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 88683 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 143000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -18442 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1166 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 110829 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 89054 |
| IRS990EZ/GrossReceiptsAmt | 0 | 143010 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 10 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 107496 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 89054 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 107496 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 89054 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 9 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 10 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 11 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 12 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 13 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 14 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 15 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 10 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 11 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 12 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 13 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 14 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 15 | 93323 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 9332 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARY DAVIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAN BACON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CANDICE RINALDI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KEN SPARTA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JASON SULHAM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MARK MALONE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | LEANNE BARSCHDORF-NICHOLS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | REBECCA DOTEN LIZOTTE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | SARAH B TRACY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | STEFANIE MILLETTE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 10 | JAMES HENDRICKS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 11 | NIKKI YANOK-SCHNEIDER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 12 | TAWNI WHITNEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 13 | SOPHIA WILSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 14 | DAN PILTCH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 15 | BRETT RICHARDSON THRU 63024 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 10 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 11 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 12 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 13 | EX OFFICIO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 14 | TOWN COUNCIL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 15 | EXECUTIVE DI |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 667 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 371 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 12448 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTION OF ECONOMIC DEVELOPMENT |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE CORPORATION HAS DEVELOPED SPECIAL EVENTS, MARKETING BROCHURES, AND OTHER ADVERTISING TO MARKET THE TOWN OF FREEPORT AS A FAVORABLE BUSINESS LOCATION. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 147838 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3333 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 161452 |
| IRS990EZ/TotalRevenueAmt | 0 | 143010 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.FREEPORTECON.COM |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | INVENTORIES FOR SALE OR USE 0 125 PREPAID EXPENSES AND DEFERRED CHARGES 667 246 TOTAL 667 371 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,333 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARY DAVIS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2078654743 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-01-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FREEPORT ECONOMIC DEVELOPMENT CORP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FREE |
| ReturnHeader/Filer/EIN | 0 | 010376892 |
| ReturnHeader/Filer/PhoneNum | 0 | 2078654743 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 30 MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FREEPORT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ME |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 04032 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 010440155 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RUNYON KERSTEEN OUELLETTE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 20 LONG CREEK DR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SOUTH PORTLAND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ME |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 04106 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2077732986 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-01-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | AMY CHASSE |
| ReturnHeader/ReturnTs | 0 | 2025-01-15T16:10:44-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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