Civic Intelligence

Southern Maine Finance Agency

990 • Fiscal year 2016 • EIN 01-0472964

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileBSAEDC.ORG
190 Main Street PO Box 536Saco, ME 04072

(207) 282-1748

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.34x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.52x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

96th percentile

73%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$109,152

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

200%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$6,412,893

Up $1,032,390 (+19%) from 2015

Net Assets

Up

$4,224,762

Up $1,044,656 (+33%) from 2015

Liabilities

Down

$2,188,131

Down $12,266 (-0.6%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin96th percentile

Revenue

Up

$1,436,094

Up $958,163 (+200%) from 2015

Expenses

Up

$391,438

Up $1,658 (+0.4%) from 2015

Net Income

Up

$1,044,656

Up $956,505 (+1085%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,399,608Liabilities 2010: $1,326,988Net Assets 2010: $3,072,6202010Assets 2011: $4,053,538Liabilities 2011: $1,087,288Net Assets 2011: $2,966,2502011Assets 2012: $4,505,415Liabilities 2012: $1,639,095Net Assets 2012: $2,866,3202012Assets 2013: $4,569,976Liabilities 2013: $1,665,812Net Assets 2013: $2,904,1642013Assets 2014: $4,790,274Liabilities 2014: $1,698,319Net Assets 2014: $3,091,9552014Assets 2015: $5,380,503Liabilities 2015: $2,200,397Net Assets 2015: $3,180,1062015Assets 2016: $6,412,893Liabilities 2016: $2,188,131Net Assets 2016: $4,224,7622016Assets 2017: $6,769,398Liabilities 2017: $2,359,050Net Assets 2017: $4,410,3482017Assets 2018: $7,101,713Liabilities 2018: $2,230,116Net Assets 2018: $4,871,5972018Assets 2019: $7,991,541Liabilities 2019: $3,209,822Net Assets 2019: $4,781,7192019Assets 2020: $7,936,623Liabilities 2020: $3,002,725Net Assets 2020: $4,933,8982020Assets 2021: $7,914,539Liabilities 2021: $2,855,153Net Assets 2021: $5,059,3862021Assets 2022: $7,727,125Liabilities 2022: $2,632,864Net Assets 2022: $5,094,2612022Assets 2023: $7,492,339Liabilities 2023: $2,441,949Net Assets 2023: $5,050,3902023Assets 2024: $7,874,799Liabilities 2024: $2,185,041Net Assets 2024: $5,689,7582024

Highlighted filing

2016

Assets$6,412,893
Liabilities$2,188,131
Net Assets$4,224,762
Open 2016 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $321,6922010Revenue 2011: $290,084Expenses 2011: $396,454Net Income 2011: -$106,3702011Expenses 2012: $440,0062012Revenue 2013: $408,515Expenses 2013: $370,671Net Income 2013: $37,8442013Revenue 2014: $577,392Expenses 2014: $389,601Net Income 2014: $187,7912014Revenue 2015: $477,931Expenses 2015: $389,780Net Income 2015: $88,1512015Revenue 2016: $1,436,094Expenses 2016: $391,438Net Income 2016: $1,044,6562016Revenue 2017: $849,904Expenses 2017: $664,318Net Income 2017: $185,5862017Revenue 2018: $987,877Expenses 2018: $526,628Net Income 2018: $461,2492018Revenue 2019: $924,416Expenses 2019: $1,014,294Net Income 2019: -$89,8782019Revenue 2020: $828,928Expenses 2020: $676,749Net Income 2020: $152,1792020Revenue 2021: $753,911Expenses 2021: $584,411Net Income 2021: $169,5002021Revenue 2022: $658,421Expenses 2022: $618,482Net Income 2022: $39,9392022Revenue 2023: $719,081Expenses 2023: $757,888Net Income 2023: -$38,8072023Revenue 2024: $1,401,365Expenses 2024: $761,997Net Income 2024: $639,3682024

Highlighted filing

2016

Revenue$1,436,094
Expenses$391,438
Net Income$1,044,656
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,436,094
Mission and Program Overview

Mission

To promote sustainable, long-term economic prosperity for the biddeford-saco maine area.

To promote sustainable, long-term economic prosperity for the biddeford-saco maine area. The corporation is a catalyst for cooperation, teamwork, and mutual success through the: (1) creation and retention of quality jobs for the people of biddeford-saco targeting the low to moderate income population and (2) development and promotion of policies, projects and programs that will accomodate and capture new investment in biddeford-saco.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,510,022$5,500,223▲ $990,201
Savings and Temporary Cash Investments$681,701$574,880▼ $106,821
Pledges and Grants Receivable-$250,000-
Cash and Non-Interest-Bearing Accounts$158,157$64,695▼ $93,462
Accounts Receivable$18,767$13,678▼ $5,089
Prepaid Expenses and Deferred Charges$5,953$4,726▼ $1,227
Land, Buildings, and Equipment, Net$5,903$4,691▼ $1,212
Total Assets$5,380,503$6,412,893▲ $1,032,390
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,824,012$1,806,001▼ $18,011
Other Liabilities$361,932$366,339▲ $4,407
Accounts Payable and Accrued Expenses$14,453$15,791▲ $1,338
Total Liabilities$2,200,397$2,188,131▼ $12,266
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,655,356$3,666,570▲ $1,011,214
Unrestricted Net Assets$524,750$558,192▲ $33,442
Total Net Assets Fund Balance$3,180,106$4,224,762▲ $1,044,656
Total Liabilities and Net Assets / Fund Balance$5,380,503$6,412,893▲ $1,032,390

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,691$35,026$39,717
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William O Armitage IiExecutive DirectorFT$92,582$16,570$109,152

Board Members and Trustees

NameTitle
DAN D'ENTREMONTPresident
Maryanna ArsenaultVice President
Alan CasavantDirector
Charles GallowayDirector
Chuck BatesDirector
Daniel StevensonDirector
Eric GreenDirector
James F NimonDirector
Kevin RocheDirector
Lorraine BostonDirector
Paul SchumacherDirector
Richard HodgdonDirector
William MannDirector
Robert QuentinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$969,683
Program Service Revenue
$466,207
Investment Income
$204
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$1,044,656

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,436,094
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,436,094
Total Revenue per Form 990
$1,436,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$241,817
Other Expenses$149,621
Total Fundraising Expense$1,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$49,118$58,942$1,092$109,152
Other Salaries and Wages$89,453$15,772-$105,225
Interest$34,735--$34,735
Occupancy$18,870$6,852-$25,722
Payroll Taxes$12,864$2,268-$15,132
Fees for Services Accounting$8,033$2,917-$10,950
Other Employee Benefits$8,996$1,586-$10,582
Fees for Services Other$5,924$2,151-$8,075
Insurance$4,953$1,799-$6,752
Office Expenses$4,783$1,738-$6,521
Travel$4,425$1,607-$6,032
Depreciation Depletion$3,102$1,126-$4,228
Advertising$2,112$767-$2,879
Pension Plan Contributions$1,467$259-$1,726
Fees for Services Legal$930$337-$1,267
All Other Expenses$803$292-$1,095
Other Expenses$514$186-$700
Total Functional Expenses$285,807$104,539$1,092$391,438

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$391,438
Total Expenses per Audited Statements$391,438
Total Expenses per Form 990$391,438
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board Treasurer Is an Officer of the Saco & Biddeford Savings Institution.SACO & BIDDEFORD SAVINGS INSTITUTION IS A 1/3 PARTICIPANT IN A $1,500,000 LINE OF CREDIT ISSUED BY THE BIDDEFORD SAVINGS BANK WITH AN OUTSTANDING BALANCE OF $792,000. THE LINE IS SECURED BY LOANS RECEIVABLE IN THE FAME PROGRAM PORTFOLIO.No$264,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
City of Biddeford Micro Loan Pgm Payable$257,142
City of Biddeford Small Bus. Develop Loan Pgm Payable$109,197
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The cities of biddeford, me and saco, me and the sanford regional economic growth council each have two seats on the board, and the biddeford-saco chamber of commerce & industry, the kennebunk development corporation and the southern maine planning and development commission each have one seat on the board.”

Form 990, Part VI, Section B, Line 11

“A copy of this form 990 was provided to the board of directors and the executive director for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“This policy is reviewed and signed by the board of directors at each annual meeting.”

Form 990, Part VI, Section B, Line 15A

“The executive committee meets annually to review the executive director's performance and to approve his compensation package. Upon initial hiring and periodically over the years a more exhaustive review, including comparability data, is performed.”

Form 990, Part VI, Section C, Line 19

“Documents are made available to the public upon request whether by email, phone or in-person. Additionally, information regarding the organization can be found on the internet at guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Biddeford-saco Area Economic Development
EIN
01-0472964
Phone
2072821748
Address
190 MAIN STREET PO BOX 536, SACO, ME 04072

Signing Officer

Name
William O Armitage Ii
Title
Executive Director
Phone
2072821748
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William O Armitage Ii
Formed
1992
Legal Domicile
Me
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
22

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Thomas Emery
Phone
2077732986
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The executive committee acts as the audit committee. The process for the oversight of the audit and selection of the independent auditors did not change during the year.”

Financial Statement Notes

PART X, LINE 2:

“The edc follows the provisions of fasb asc 740-10 accounting for uncertainty of income taxes, which clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in an entity's financial statements. It also prescribes a recognition threshold of more likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. There was no cumulative effect on the edc's financial statements related to following this interpretation, and no interest or penalties related to uncertain tax positions were accrued. The edc is currently open to audit under the statute of limitations by the internal revenue service and state taxing authorities for the years ended june 30, 2013 through 2016.”

Raw XML AppendixShowing 400 of 511 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0964683
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01436094
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01799
IRS990/InsuranceGrp/ProgramServicesAmt04953
IRS990/InsuranceGrp/TotalAmt06752
IRS990/InterestGrp/ProgramServicesAmt034735
IRS990/InterestGrp/TotalAmt034735
IRS990/InvestmentIncomeGrp/ExclusionAmt0204
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0204
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt035026
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05903
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04691
IRS990/LandBldgEquipCostOrOtherBssAmt039717
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE SUSTAINABLE, LONG-TERM ECONOMIC PROSPERITY FOR THE BIDDEFORD-SACO MAINE AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01824012
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01806001
IRS990/NetAssetsOrFundBalancesBOYAmt03180106
IRS990/NetAssetsOrFundBalancesEOYAmt04224762
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06852
IRS990/OccupancyGrp/ProgramServicesAmt018870
IRS990/OccupancyGrp/TotalAmt025722
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01738
IRS990/OfficeExpensesGrp/ProgramServicesAmt04783
IRS990/OfficeExpensesGrp/TotalAmt06521
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01586
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08996
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010582
IRS990/OtherExpensesGrp/Desc0ANNUAL PROGRAM FEE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SMALL EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04820
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11120
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2186
IRS990/OtherExpensesGrp/ProgramServicesAmt018362
IRS990/OtherExpensesGrp/ProgramServicesAmt113277
IRS990/OtherExpensesGrp/ProgramServicesAmt23086
IRS990/OtherExpensesGrp/ProgramServicesAmt3514
IRS990/OtherExpensesGrp/TotalAmt018362
IRS990/OtherExpensesGrp/TotalAmt118097
IRS990/OtherExpensesGrp/TotalAmt24206
IRS990/OtherExpensesGrp/TotalAmt3700
IRS990/OtherLiabilitiesGrp/BOYAmt0361932
IRS990/OtherLiabilitiesGrp/EOYAmt0366339
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015772
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt089453
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105225
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04510022
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05500223
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02268
IRS990/PayrollTaxesGrp/ProgramServicesAmt012864
IRS990/PayrollTaxesGrp/TotalAmt015132
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0259
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01467
IRS990/PensionPlanContributionsGrp/TotalAmt01726
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0250000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05953
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04726
IRS990/PrincipalOfficerNm0WILLIAM O ARMITAGE II
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0393721
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172486
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0393721
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172486
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt079683
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt077
IRS990/PYOtherExpensesAmt0178992
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0398171
IRS990/PYRevenuesLessExpensesAmt088151
IRS990/PYSalariesCompEmpBnftPaidAmt0210788
IRS990/PYTotalExpensesAmt0389780
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0477931
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01044656
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0466207
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0681701
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0574880
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0969683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt079683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0225521
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt049361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt024497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01348745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0204
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt077
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0543
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01891694
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt01348745
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0969683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt079683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0225521
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt049361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt024497
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01348745
IRS990ScheduleA/TotalSupportAmt01349288
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt0882
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR AND/OR OTHER EMPLOYEES ATTENDED MEETINGS OF VARIOUS STATE COMMITTEES AND/OR LEGISLATORS, CITY COUNCILS, AND OUR FEDERAL CONGRESSIONAL DELEGATION TO PRESENT REPORTS OR UPDATES ON ACTIVITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt0882
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04691
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039717
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0391438
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0257142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1109197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CITY OF BIDDEFORD MICRO LOAN PGM PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CITY OF BIDDEFORD SMALL BUS. DEVELOP LOAN PGM PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01436094
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE EDC FOLLOWS THE PROVISIONS OF FASB ASC 740-10 ACCOUNTING FOR UNCERTAINTY OF INCOME TAXES, WHICH CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATISFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THERE WAS NO CUMULATIVE EFFECT ON THE EDC'S FINANCIAL STATEMENTS RELATED TO FOLLOWING THIS INTERPRETATION, AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. THE EDC IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2013 THROUGH 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,412,893
Liabilities
$2,188,131
Net assets
$4,224,762
Revenue
$1,436,094
Expenses
$391,438
Net income
$1,044,656
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.87$2.19$5.69$1.40$0.76$0.64
2023Detailed filing. Detailed filing data is available for this year.$7.49$2.44$5.05$0.72$0.76$0.04
2022Detailed filing. Detailed filing data is available for this year.$7.73$2.63$5.09$0.66$0.62$0.04
2021Detailed filing. Detailed filing data is available for this year.$7.91$2.86$5.06$0.75$0.58$0.17
2020Detailed filing. Detailed filing data is available for this year.$7.94$3.00$4.93$0.83$0.68$0.15
2019Detailed filing. Detailed filing data is available for this year.$7.99$3.21$4.78$0.92$1.01$0.09
2018Summary only. Only limited summary data is available for this year.$7.10$2.23$4.87$0.99$0.53$0.46
2017Detailed filing. Detailed filing data is available for this year.$6.77$2.36$4.41$0.85$0.66$0.19
2016Detailed filing. Detailed filing data is available for this year.$6.41$2.19$4.22$1.44$0.39$1.04
2015Detailed filing. Detailed filing data is available for this year.$5.38$2.20$3.18$0.48$0.39$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.79$1.70$3.09$0.58$0.39$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$1.67$2.90$0.41$0.37$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$1.64$2.87$0.44
2011Summary only. Only limited summary data is available for this year.$4.05$1.09$2.97$0.29$0.40$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$1.33$3.07$0.32