Civic Intelligence

Piscataquis County Economic Development Council

990 • Fiscal year 2020 • EIN 01-0521521

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

Organization Profilewww.pcedc.org
50 Mayo StreetDover Foxcroft, ME 04426

(207) 564-3668

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.08x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

51st percentile

6.6%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

47th percentile

5.1%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-33%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$690,853

Up $33,281 (+5.1%) from 2019

Net Assets

Up

$671,028

Up $16,843 (+2.6%) from 2019

Liabilities

Up

$19,825

Up $16,438 (+485%) from 2019

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin51st percentile

Revenue

Down

$253,834

Down $122,747 (-33%) from 2019

Expenses

Down

$236,991

Down $133,872 (-36%) from 2019

Net Income

Up

$16,843

Up $11,125 (+195%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$800K$600K$400K$200K$0Assets 2011: $128,311Liabilities 2011: $2,280Net Assets 2011: $126,0312011Assets 2012: $191,432Liabilities 2012: $419Net Assets 2012: $191,0132012Assets 2013: $212,647Liabilities 2013: $1,497Net Assets 2013: $211,1502013Assets 2014: $499,433Liabilities 2014: $3,776Net Assets 2014: $495,6572014Assets 2015: $537,827Liabilities 2015: $3,055Net Assets 2015: $534,7722015Assets 2016: $606,543Liabilities 2016: $2,909Net Assets 2016: $603,6342016Assets 2017: $595,877Liabilities 2017: $2,343Net Assets 2017: $593,5342017Assets 2018: $652,382Liabilities 2018: $2,479Net Assets 2018: $649,9032018Assets 2019: $657,572Liabilities 2019: $3,387Net Assets 2019: $654,1852019Assets 2020: $690,853Liabilities 2020: $19,825Net Assets 2020: $671,0282020Assets 2021: $741,779Liabilities 2021: $17,698Net Assets 2021: $724,0812021Assets 2022: $712,478Liabilities 2022: $4,767Net Assets 2022: $707,7112022Assets 2023: $716,616Liabilities 2023: $3,443Net Assets 2023: $713,1732023Assets 2024: $711,589Liabilities 2024: $13Net Assets 2024: $711,5762024

Highlighted filing

2020

Assets$690,853
Liabilities$19,825
Net Assets$671,028
Open 2020 Filing

Operations Trend

Revenue Growth18th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $206,4472011Expenses 2012: $123,1092012Revenue 2013: $327,732Expenses 2013: $307,595Net Income 2013: $20,1372013Revenue 2014: $556,313Expenses 2014: $271,806Net Income 2014: $284,5072014Revenue 2015: $158,184Expenses 2015: $119,069Net Income 2015: $39,1152015Revenue 2016: $372,934Expenses 2016: $304,072Net Income 2016: $68,8622016Revenue 2017: $346,332Expenses 2017: $357,078Net Income 2017: -$10,7462017Revenue 2018: $450,619Expenses 2018: $394,250Net Income 2018: $56,3692018Revenue 2019: $376,581Expenses 2019: $370,863Net Income 2019: $5,7182019Revenue 2020: $253,834Expenses 2020: $236,991Net Income 2020: $16,8432020Revenue 2021: $245,939Expenses 2021: $192,886Net Income 2021: $53,0532021Revenue 2022: $222,036Expenses 2022: $238,406Net Income 2022: -$16,3702022Revenue 2023: $453,026Expenses 2023: $447,564Net Income 2023: $5,4622023Revenue 2024: $465,378Expenses 2024: $466,975Net Income 2024: -$1,5972024

Highlighted filing

2020

Revenue$253,834
Expenses$236,991
Net Income$16,843
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.1
Gross Receipts
$253,834
Mission and Program Overview

Mission

Promoting economic development and generating jobs in Piscataquis County, Maine

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$319,229$353,511▲ $34,282
Other Notes and Loans Receivable, Net$335,000$335,000→ $0
Land, Buildings, and Equipment, Net$3,343$2,342▼ $1,001
Total Assets$657,572$690,853▲ $33,281
Liabilities
Mortgage Notes Payable Secured by Investment Property-$16,925-
Accounts Payable and Accrued Expenses$3,387$2,900▼ $487
Total Liabilities$3,387$19,825▲ $16,438
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$582,261$590,893▲ $8,632
Net Assets With Donor Restrictions$71,924$80,135▲ $8,211
Total Net Assets Fund Balance$654,185$671,028▲ $16,843
Total Liabilities and Net Assets / Fund Balance$657,572$690,853▲ $33,281

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,342$5,638$7,980
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Denise BuzzelliPresident
Tom GoulletteVice President
Jack ClukeyDirector
James MacomberDirector
Jenny WardDirector
Kathy WhiteDirector
Michelle McmahonDirector
Paul StearnsDirector
Scott MoultonDirector
Thelma ReaganSecretary
Lucas ButlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$212,852
Program Service Revenue
$28,997
Investment Income
$121
Other Revenue
$11,864
All Other Contributions
$40,000
Change in Net Assets
$16,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,724
Salaries, Compensation, and Employee Benefits$115,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,173$54,172-$108,345
Other Expenses$93,219$1,253-$93,219
Fees for Services Accounting-$7,464-$7,464
Occupancy-$7,430-$7,430
Payroll Taxes$3,461$3,461-$6,922
Insurance-$3,837-$3,837
All Other Expenses-$3,282-$3,282
Office Expenses-$2,179-$2,179
Advertising-$1,069-$1,069
Depreciation Depletion-$1,001-$1,001
Travel-$573-$573
Fees for Services Legal-$417-$417
Total Functional Expenses$150,853$86,138$0$236,991
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Organizations process to review form 990 financial statements are compiled by and reviewed by appropriate officers.”

Form 990, Part VI, Section C, Line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Piscataquis County Economic Development Council
EIN
01-0521521
Phone
2075643668
Address
50 Mayo Street, Dover Foxcroft, ME 04426

Signing Officer

Name
John Shea
Title
Executive Director
Signed
2021-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Buzzelli
Formed
1997
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
12

Preparer

Firm
RHR Smith & Company CPA's
Address
3 Old Orchard Road, Buxton, ME 04093
Preparer
Ronald Smith
Phone
2079294606
Supplemental Narrative

Financial Statement Notes

X 2

“PCEDC is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, PCEDC may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of PCEDC and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the year ended December 31, 2020. Accordingly, no provision for income taxes has been made. PCEDC files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. PCEDC is generally no longer subject to examination by the Internal Revenue Service for years before 2017.”

Raw XML Appendix399 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03387
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02900
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Promoting economic development and generating jobs in Piscataquis County, Maine
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01069
IRS990/AdvertisingGrp/TotalAmt01069
IRS990/AllOtherContributionsAmt040000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03282
IRS990/AllOtherExpensesGrp/TotalAmt03282
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Donna Hathaway
IRS990/BooksInCareOfDetail/PhoneNum02075647684
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0360 Vaughn Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Dover Foxcroth
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004426
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0319229
IRS990/CashNonInterestBearingGrp/EOYAmt0353511
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0212852
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0121
IRS990/CYOtherExpensesAmt0121724
IRS990/CYOtherRevenueAmt011864
IRS990/CYProgramServiceRevenueAmt028997
IRS990/CYRevenuesLessExpensesAmt016843
IRS990/CYSalariesCompEmpBnftPaidAmt0115267
IRS990/CYTotalExpensesAmt0236991
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0253834
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01001
IRS990/DepreciationDepletionGrp/TotalAmt01001
IRS990/Desc0Business attraction and retention by assisting businesses to stay competitive and expand.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt071924
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt080135
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0150853
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07464
IRS990/FeesForServicesAccountingGrp/TotalAmt07464
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0417
IRS990/FeesForServicesLegalGrp/TotalAmt0417
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0Denise Buzzelli
IRS990/Form990PartVIISectionAGrp/PersonNm1Tom Goullette
IRS990/Form990PartVIISectionAGrp/PersonNm2Thelma Reagan
IRS990/Form990PartVIISectionAGrp/PersonNm3Lucas Butler
IRS990/Form990PartVIISectionAGrp/PersonNm4James Macomber
IRS990/Form990PartVIISectionAGrp/PersonNm5Scott Moulton
IRS990/Form990PartVIISectionAGrp/PersonNm6Jack Clukey
IRS990/Form990PartVIISectionAGrp/PersonNm7Jenny Ward
IRS990/Form990PartVIISectionAGrp/PersonNm8Kathy White
IRS990/Form990PartVIISectionAGrp/PersonNm9Paul Stearns
IRS990/Form990PartVIISectionAGrp/PersonNm10Michelle Mcmahon
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0172852
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0253834
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt011
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt03837
IRS990/InsuranceGrp/TotalAmt03837
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05638
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03343
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02342
IRS990/LandBldgEquipCostOrOtherBssAmt07980
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt011864
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt011864
IRS990/MissionDesc0Promoting economic development and generating jobs in Piscataquis County, Maine
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt016925
IRS990/NetAssetsOrFundBalancesBOYAmt0654185
IRS990/NetAssetsOrFundBalancesEOYAmt0671028
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0582261
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0590893
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt07430
IRS990/OccupancyGrp/TotalAmt07430
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02179
IRS990/OfficeExpensesGrp/TotalAmt02179
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc1RLF Programs Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01253
IRS990/OtherExpensesGrp/ProgramServicesAmt093219
IRS990/OtherExpensesGrp/TotalAmt01253
IRS990/OtherExpensesGrp/TotalAmt193219
IRS990/OtherRevenueTotalAmt011864
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt054172
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt054173
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108345
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0335000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0335000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03461
IRS990/PayrollTaxesGrp/ProgramServicesAmt03461
IRS990/PayrollTaxesGrp/TotalAmt06922
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Denise Buzzelli
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt028997
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt028997
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0370969
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0133
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0256077
IRS990/PYOtherRevenueAmt05479
IRS990/PYRevenuesLessExpensesAmt05718
IRS990/PYSalariesCompEmpBnftPaidAmt0114786
IRS990/PYTotalExpensesAmt0370863
IRS990/PYTotalRevenueAmt0376581
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt016843
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt040861
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0370969
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0450500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0346205
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0372829
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01753355
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0121
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0133
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0254
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028997
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011864
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05479
IRS990ScheduleA/OtherIncome170Grp/TotalAmt017343
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99010
IRS990ScheduleA/PublicSupportPY170Pct00.99670
IRS990ScheduleA/PublicSupportTotal170Amt01753355
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0212852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0370969
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0450500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0346205
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0372829
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01753355
IRS990ScheduleA/TotalSupportAmt01770952
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02342
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07980
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PCEDC is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, PCEDC may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of PCEDC and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the year ended December 31, 2020. Accordingly, no provision for income taxes has been made. PCEDC files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. PCEDC is generally no longer subject to examination by the Internal Revenue Service for years before 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02342
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organizations process to review form 990 financial statements are compiled by and reviewed by appropriate officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0657572
IRS990/TotalAssetsEOYAmt0690853
IRS990/TotalAssetsGrp/BOYAmt0657572
IRS990/TotalAssetsGrp/EOYAmt0690853
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0212852
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086138
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0150853
IRS990/TotalFunctionalExpensesGrp/TotalAmt0236991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03387
IRS990/TotalLiabilitiesEOYAmt019825
IRS990/TotalLiabilitiesGrp/BOYAmt03387
IRS990/TotalLiabilitiesGrp/EOYAmt019825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0654185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0671028
IRS990/TotalProgramServiceExpensesAmt0150853
IRS990/TotalProgramServiceRevenueAmt028997
IRS990/TotalRevenueGrp/ExclusionAmt0121
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt040861
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253834
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0657572
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0690853
IRS990/TravelGrp/ManagementAndGeneralAmt0573
IRS990/TravelGrp/TotalAmt0573
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 Mayo St
IRS990/USAddress/CityNm0Dover Foxcroft
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004426
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.pcedc.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John Shea
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Piscataquis County Economic Development Council
ReturnHeader/Filer/BusinessNameControlTxt0PISC
ReturnHeader/Filer/EIN0010521521
ReturnHeader/Filer/PhoneNum02075643668
ReturnHeader/Filer/USAddress/AddressLine1Txt050 Mayo Street
ReturnHeader/Filer/USAddress/CityNm0Dover Foxcroft
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004426
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RHR Smith & Company CPA's
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 Old Orchard Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Buxton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004093
ReturnHeader/PreparerPersonGrp/PhoneNum02079294606
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ronald Smith
ReturnHeader/ReturnTs02021-11-13T12:14:58-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0John
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shea
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$690,853
Liabilities
$19,825
Net assets
$671,028
Revenue
$253,834
Expenses
$236,991
Net income
$16,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.12$0.00$7.12$4.65$4.67$0.02
2023Detailed filing. Detailed filing data is available for this year.$7.17$0.03$7.13$4.53$4.48$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.12$0.05$7.08$2.22$2.38$0.16
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.42$0.18$7.24$2.46$1.93$0.53
2020Detailed filing. Detailed filing data is available for this year.$6.91$0.20$6.71$2.54$2.37$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.58$0.03$6.54$3.77$3.71$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.52$0.02$6.50$4.51$3.94$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.02$5.94$3.46$3.57$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.03$6.04$3.73$3.04$0.69
2015Detailed filing. Detailed filing data is available for this year.$5.38$0.03$5.35$1.58$1.19$0.39
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.99$0.04$4.96$5.56$2.72$2.85
2013Detailed filing. Detailed filing data is available for this year.$2.13$0.01$2.11$3.28$3.08$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.00$1.91$1.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.02$1.26$2.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $500k-$1M nonprofits