Civic Intelligence

Northern Maine Development Commission Inc.

990 • Fiscal year 2021 • EIN 22-2635303

Jul 01, 2020 to Jun 30, 2021 • Filed on May 10, 2022

Organization Profilewww.nmdc.org

View Organization Page

11 West Presque Isle RoadCaribou, ME 04736

(207) 498-8736

Siviq Scores

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

Liabilities / Assets

74th percentile

0.49x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

54th percentile

0.31x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

56th percentile

15%

Higher net margin than 56% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

15th percentile

$110,683

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

95th percentile

71%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

850%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Flat

$20,810,299

Flat from 2021

Net Assets

Flat

$10,713,670

Flat from 2021

Liabilities

Flat

$10,096,629

Flat from 2021

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin56th percentile

Revenue

Flat

$32,269,814

Flat from 2021

Expenses

Flat

$27,464,834

Flat from 2021

Net Income

Flat

$4,804,980

Flat from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$30M$20M$10M$0Assets 2012: $11,956,238Liabilities 2012: $5,776,510Net Assets 2012: $6,179,7282012Assets 2013: $13,654,576Liabilities 2013: $7,994,414Net Assets 2013: $5,660,1622013Assets 2014: $13,488,238Liabilities 2014: $7,120,786Net Assets 2014: $6,367,4522014Assets 2015: $13,252,402Liabilities 2015: $7,340,718Net Assets 2015: $5,911,6842015Assets 2016: $13,058,860Liabilities 2016: $7,434,498Net Assets 2016: $5,624,3622016Assets 2017: $13,237,129Liabilities 2017: $7,201,832Net Assets 2017: $6,035,2972017Assets 2018: $12,379,225Liabilities 2018: $6,705,473Net Assets 2018: $5,673,7522018Assets 2019: $11,857,176Liabilities 2019: $6,213,088Net Assets 2019: $5,644,0882019Assets 2020: $12,146,172Liabilities 2020: $6,390,728Net Assets 2020: $5,755,4442020Assets 2021: $20,810,299Liabilities 2021: $10,096,629Net Assets 2021: $10,713,6702021Assets 2021: $20,810,299Liabilities 2021: $10,096,629Net Assets 2021: $10,713,6702021Assets 2022: $19,059,929Liabilities 2022: $6,620,369Net Assets 2022: $12,439,5602022Assets 2023: $27,286,195Liabilities 2023: $6,239,488Net Assets 2023: $21,046,7072023

Highlighted filing

2021

Assets$20,810,299
Liabilities$10,096,629
Net Assets$10,713,670
Open 2021 Filing

Operations Trend

Revenue Growth99th percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2012: $5,891,557Expenses 2012: $6,231,955Net Income 2012: -$340,3982012Revenue 2013: $6,593,708Expenses 2013: $6,990,046Net Income 2013: -$396,3382013Revenue 2014: $8,456,571Expenses 2014: $7,749,281Net Income 2014: $707,2902014Revenue 2015: $6,852,610Expenses 2015: $7,224,717Net Income 2015: -$372,1072015Revenue 2016: $4,576,756Expenses 2016: $4,864,078Net Income 2016: -$287,3222016Revenue 2017: $3,008,770Expenses 2017: $2,597,835Net Income 2017: $410,9352017Revenue 2018: $2,673,671Expenses 2018: $3,035,216Net Income 2018: -$361,5452018Revenue 2019: $2,999,105Expenses 2019: $3,028,769Net Income 2019: -$29,6642019Revenue 2020: $3,395,037Expenses 2020: $3,283,681Net Income 2020: $111,3562020Revenue 2021: $32,269,814Expenses 2021: $27,464,834Net Income 2021: $4,804,9802021Revenue 2021: $32,269,814Expenses 2021: $27,464,834Net Income 2021: $4,804,9802021Revenue 2022: $27,868,170Expenses 2022: $26,142,280Net Income 2022: $1,725,8902022Revenue 2023: $12,637,728Expenses 2023: $4,030,581Net Income 2023: $8,607,1472023

Highlighted filing

2021

Revenue$32,269,814
Expenses$27,464,834
Net Income$4,804,980
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 10, 2022
Return Version
2020v4.2
Gross Receipts
$32,269,814
Mission and Program Overview

Mission

To serve the northern Maine region with effective regional community planning and economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,982,231$15,259,736▲ $7,277,505
Cash and Non-Interest-Bearing Accounts$2,920,500$4,558,969▲ $1,638,469
Land, Buildings, and Equipment, Net$486,265$426,654▼ $59,611
Pledges and Grants Receivable$277,892$400,386▲ $122,494
Accounts Receivable$28,345$39,427▲ $11,082
Prepaid Expenses and Deferred Charges$26,550$22,495▼ $4,055
Total Assets$12,146,172$20,810,299▲ $8,664,127
Other Assets Total$424,389$102,632▼ $321,757
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,119,104$9,660,693▲ $3,541,589
Accounts Payable and Accrued Expenses$233,582$350,632▲ $117,050
Deferred Revenue$38,042$85,304▲ $47,262
Total Liabilities$6,390,728$10,096,629▲ $3,705,901
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,365,211$7,130,557▲ $765,346
Net Assets Without Donor Restrictions$-609,767$3,583,113▲ $4,192,880
Total Net Assets Fund Balance$5,755,444$10,713,670▲ $4,958,226
Total Liabilities and Net Assets / Fund Balance$12,146,172$20,810,299▲ $8,664,127

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$408,912$1,319,616$1,728,528
Equipment$17,742$504,545$522,287
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert ClarkExecutive DirectorFT$110,683$110,683

Board Members and Trustees

NameTitle
Gary PicardChair
Aubrie MichaudVice Chair
Clarissa SabattisDirector
Cyr MartinDirector
Denis GagneDirector
Dennis MarkerDirector
Diane HinesDirector
Donna TurnerDirector
Galen WeiblyDirector
Lana VoisineDirector
Marian AndersonDirector
Martin DionneDirector
Max LyndsDirector
Michael TweedieDirector
Mitch ButlerDirector
Patricia SutherlandDirector
Paul DudleyDirector
Ryan E PelletierDirector
Sandra FournierDirector
Steve PelletierDirector
Suzie ParadisDirector
Walter ElliottDirector
Nancy TroegerSecretary
Norman FournierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$28,891,642
Program Service Revenue
$1,177,755
Investment Income
$3,432
Other Revenue
$2,196,985
All Other Contributions
$2,866,558
Change in Net Assets
$4,804,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,269,814
Revenue Not Reported on Form 990
$153,246
Total Revenue per Audited Statements
$32,423,060
Total Revenue per Form 990
$32,269,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,204,593
Salaries, Compensation, and Employee Benefits$1,157,633
Grants and Similar Amounts Paid$102,608
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$3,172,480--$3,172,480
Other Salaries and Wages$1,157,633--$1,157,633
Office Expenses$543,687--$543,687
Other Expenses$153,246--$153,246
Interest$146,843--$146,843
Grants to Domestic Orgs$102,608--$102,608
Depreciation Depletion$63,218--$63,218
Travel$18,514--$18,514
Total Functional Expenses$27,464,834$0$0$27,464,834

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,464,834
Total Expenses per Audited Statements$27,464,834
Total Expenses per Form 990$27,464,834
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Coastal EnterprisesBrunswick, ME501c3Sbdc 20-21$67,048
AvcogAuburn, ME501c3Sbdc 20-21$23,061
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
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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 6 7A

“The Board of Directors must ratify all contracts, grants, committee members, changes to policies, etc. They provide general guidance. Members are appointed to represent the towns who pay dues.”

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

“The 990 is reviewed by the Finance Committee and makes recommendations to the Executive Board on the acceptance of the report. The report is highlighted for the Executive Board by the Finance Director and a vote is taken for their acceptance.”

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

“Officers sign a conflict of interest policy annually to ensure compliance with the policy. Additionally, Board members are asked if they have a conflict with any agenda item before the meeting starts and if so, they declare it.”

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

“It is the policy of NMDC that if a raise exceeds 3 it must be approved by the Board. Only merit raises are given. The Board approves the salary budget. Supervisors suggest the percentage of the raise, but it is approved by the Executive Director and Finance Director, and the Board if it exceeds 3. The Executive Director reviews the Finance Director and the Board reviews the Executive Director.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Form 990, Part VI, Section A, Line 9

“Aubrie Michaud, PO Box 110, St. Agatha, ME 04772, Gary Picard 328 Thomas St Suite 101 Madawaska, Me 04756 Nancy Troeger 51 Main St suite 1 Van Buren, ME 04785”

Filing and Contact Details

Filer

Filer Name
Northern Maine Development Commission
EIN
22-2635303
Phone
2074988736
Address
11 West Presque Isle Road, Caribou, ME 04736

Signing Officer

Name
Robert Clark
Title
Executive Director
Signed
2022-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Clark
Formed
1969
Legal Domicile
Me
Voting Board Members
24
Independent Board Members
24
Employees
16
Volunteers
50

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

“The Commission 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 recognized in the financial statements. Under that guidance, the Commission may recognize the tax benefit from an uncertain 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 the Commission 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 June 30, 2021. Accordingly, no provision for income taxes has been made. The Commission files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Commission is generally no longer subject to examination by the Internal Revenue Service for years before 2018.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Robert Clark
IRS990/Form990PartVIISectionAGrp/PersonNm1Gary Picard
IRS990/Form990PartVIISectionAGrp/PersonNm2Aubrie Michaud
IRS990/Form990PartVIISectionAGrp/PersonNm3Norman Fournier
IRS990/Form990PartVIISectionAGrp/PersonNm4Nancy Troeger
IRS990/Form990PartVIISectionAGrp/PersonNm5Marian Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm6Mitch Butler
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Dudley
IRS990/Form990PartVIISectionAGrp/PersonNm8Walter Elliott
IRS990/Form990PartVIISectionAGrp/PersonNm9Sandra Fournier
IRS990/Form990PartVIISectionAGrp/PersonNm10Denis Gagne
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
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IRS990/ProgSrvcAccomActy3Grp/Desc0Revolving Loan Fund- Financing to local businesses involved in agriculture or manufacturing, to assist in the creation of jobs and strengthen the economy in Northern Maine.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,810,299
Liabilities
$10,096,629
Net assets
$10,713,670
Revenue
$32,269,814
Expenses
$27,464,834
Net income
$4,804,980
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$27.3$6.24$21.0$12.6$4.03$8.61
2022Summary only. Only limited summary data is available for this year.$19.1$6.62$12.4$27.9$26.1$1.73
2021Detailed filing. Detailed filing data is available for this year.$20.8$10.1$10.7$32.3$27.5$4.80
2021Summary only. Only limited summary data is available for this year.$20.8$10.1$10.7$32.3$27.5$4.80
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$6.39$5.76$3.40$3.28$0.11
2019Summary only. Only limited summary data is available for this year.$11.9$6.21$5.64$3.00$3.03$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$6.71$5.67$2.67$3.04$0.36
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$7.20$6.04$3.01$2.60$0.41
2016Detailed filing. Detailed filing data is available for this year.$13.1$7.43$5.62$4.58$4.86$0.29
2015Detailed filing. Detailed filing data is available for this year.$13.3$7.34$5.91$6.85$7.22$0.37
2014Detailed filing. Detailed filing data is available for this year.$13.5$7.12$6.37$8.46$7.75$0.71
2013Summary only. Only limited summary data is available for this year.$13.7$7.99$5.66$6.59$6.99$0.40
2012Summary only. Only limited summary data is available for this year.$12.0$5.78$6.18$5.89$6.23$0.34