Civic Intelligence

Brewer Economic Development Corp

EIN 23-7104807 • 501(c)4 • Brewer, ME

Profile

To stimulate economic development in the city of brewer, maine.

PO Box 878Brewer, ME 04412-0878
Siviq Scores

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

Liabilities / Assets

43rd percentile

0.00x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.01x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

501(c)4 • $500k-$1M nonprofits • Source year 2024

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

1046%

Faster revenue growth than 99% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$749,989

Up $86,157 (+13%) from 2023

Liabilities

Up

$590

Up $590 from 2023

Net Assets

Up

$749,399

Up $85,567 (+13%) from 2023

Revenue

Up

$102,116

Up $93,209 (+1046%) from 2023

Expenses

Up

$16,549

Up $1,632 (+11%) from 2023

Net Income

Up

$85,567

Up $91,577 (+1524%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $902,547Liabilities 2010: $188,987Net Assets 2010: $713,5602010Assets 2011: $928,247Liabilities 2011: $238,700Net Assets 2011: $689,5472011Assets 2012: $1,083,827Liabilities 2012: $241,165Net Assets 2012: $842,6622012Assets 2013: $991,369Liabilities 2013: $185,000Net Assets 2013: $806,3692013Assets 2014: $953,914Liabilities 2014: $185,000Net Assets 2014: $768,9142014Assets 2015: $972,391Liabilities 2015: $215,705Net Assets 2015: $756,6862015Assets 2016: $927,279Liabilities 2016: $215,885Net Assets 2016: $711,3942016Assets 2017: $917,457Liabilities 2017: $166,928Net Assets 2017: $750,5292017Assets 2018: $822,970Liabilities 2018: $130,152Net Assets 2018: $692,8182018Assets 2019: $804,771Liabilities 2019: $128,056Net Assets 2019: $676,7152019Assets 2020: $666,789Liabilities 2020: $853Net Assets 2020: $665,9362020Assets 2021: $658,204Liabilities 2021: $115Net Assets 2021: $658,0892021Assets 2022: $669,842Liabilities 2022: $0Net Assets 2022: $669,8422022Assets 2023: $663,832Liabilities 2023: $0Net Assets 2023: $663,8322023Assets 2024: $749,989Liabilities 2024: $590Net Assets 2024: $749,3992024

Highlighted filing

2024

Assets$749,989
Liabilities$590
Net Assets$749,399

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2010: $48,6722010Expenses 2011: $45,2872011Expenses 2012: $55,1172012Revenue 2013: $10,899Expenses 2013: $47,192Net Income 2013: -$36,2932013Revenue 2014: $7,689Expenses 2014: $45,144Net Income 2014: -$37,4552014Revenue 2015: $64,429Expenses 2015: $48,157Net Income 2015: $16,2722015Revenue 2016: $7,722Expenses 2016: $53,014Net Income 2016: -$45,2922016Revenue 2017: $90,773Expenses 2017: $51,638Net Income 2017: $39,1352017Revenue 2018: -$18,654Expenses 2018: $39,057Net Income 2018: -$57,7112018Revenue 2019: $8,111Expenses 2019: $24,214Net Income 2019: -$16,1032019Revenue 2020: $7,719Expenses 2020: $18,498Net Income 2020: -$10,7792020Revenue 2021: $7,610Expenses 2021: $15,457Net Income 2021: -$7,8472021Revenue 2022: $26,549Expenses 2022: $14,796Net Income 2022: $11,7532022Revenue 2023: $8,907Expenses 2023: $14,917Net Income 2023: -$6,0102023Revenue 2024: $102,116Expenses 2024: $16,549Net Income 2024: $85,5672024

Highlighted filing

2024

Revenue$102,116
Expenses$16,549
Net Income$85,567

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.00$0.75$0.10$0.02$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$0.01$0.01$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$0.03$0.01$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$0.01$0.02$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.00$0.67$0.01$0.02$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.13$0.68$0.01$0.02$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.13$0.69$0.02$0.04$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.17$0.75$0.09$0.05$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.22$0.71$0.01$0.05$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.22$0.76$0.06$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.19$0.77$0.01$0.05$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.19$0.81$0.01$0.05$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.24$0.84$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.24$0.69$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.19$0.71$0.05
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 19, 2016
Return Version
2015v2.1
Gross Receipts
$215,166
Mission and Program Overview

Mission

To stimulate economic development in the city of brewer, maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$883,130$756,491▼ $126,639
Cash and Non-Interest-Bearing Accounts$70,784$158,909▲ $88,125
Savings and Temporary Cash Investments-$56,991-
Total Assets$953,914$972,391▲ $18,477
Liabilities
Mortgage Notes Payable Secured by Investment Property$185,000$214,640▲ $29,640
Accounts Payable and Accrued Expenses-$1,065-
Total Liabilities$185,000$215,705▲ $30,705
Net Assets / Fund Balance
Unrestricted Net Assets$768,914$756,686▼ $12,228
Total Net Assets Fund Balance$768,914$756,686▼ $12,228
Total Liabilities and Net Assets / Fund Balance$953,914$972,391▲ $18,477

Asset Categories

AssetBook ValueDepreciationBasis
Land$756,491-$756,491
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank McguirePresident
Chris HerseyDirector
Dale GrahamDirector
Jeff SanfordDirector
Jim DonnellyDirector
Michael LegasseDirector
Nancy RobertsDirector
Richard HawkinsDirector
Robert PlattDirector
Ronald RoopeDirector
Tim BrochuDirector
William HayesDirector
Joseph L FerrisSecretary
Patricia PeasleeTreasurer
Deborah MarstersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$64,429
Other Revenue
$0
Change in Net Assets
$16,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$11,315--$11,315
Fees for Services Other$8,060--$8,060
Fees for Services Accounting-$1,145-$1,145
Fees for Services Legal$903--$903
Other Expenses$331--$331
All Other Expenses-$306-$306
Total Functional Expenses$46,706$1,451$0$48,157
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorSale of LandNo$62,492
-DirectorConsultingNo$6,820
Michael LegasseOfficerAccounting ServicesNo$1,100
-OfficerLegal ServicesNo$359
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

The return is provided to and reviewed by the president and treasurer prior to filing.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request of the any board member.

Filing and Contact Details

Filer

Filer Name
Brewer Economic Development Corp
EIN
23-7104807
Phone
2079418890
Address
PO BOX 878, BREWER, ME 04412-0878

Signing Officer

Name
Patricia Peaslee
Title
Treasurer
Phone
2079418890
Signed
2016-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Mcguire
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
14
Employees
0

Preparer

Firm
Bbsc Cpas
Address
38 PARKWAY SOUTH, BREWER, ME 04412-1628
Preparer
Michael P Jones CPA
Phone
2079418890
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting 1,000 0 0 surveying 7,060 0 0

Raw XML Appendix344 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
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IRS990/BooksInCareOfDetail/PhoneNum02079418890
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt064429
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IRS990/DelegationOfMgmtDutiesInd0false
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDE
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1GROSS MINSKY & MOGUL PA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2CES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL LEGASSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01100
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1359
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt262492
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt36820
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ACCOUNTING SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LEGAL SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SALE OF LAND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3CONSULTING
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PATRICIA PEASLEE IS AN ACCOUNTANT EMPLOYED BY BBSC, CPAS AND SERVES AS AN OFFICER FOR THE REPORTING ENTITY. ALL TRANSACTIONS BETWEEN BBSC, CPAS AND THE REPORTING ENTITY ARE IN CONNECTION WITH PROVIDING ANNUAL ACCOUNTING AND TAX SERVICES TO THE REPORTING ENTITY IN THE ORDINARY COURSE OF BUSINESS. JOSEPH FERRIS IS A LOCAL ATTORNEY AND ALSO SERVES AS AN OFFICER FOR THE REPORTING ENTITY. ALL TRANSACTIONS BETWEEN GROSS, MINSKY, & MOGUL, PA AND THE REPORTING ENTITY RELATE TO PROVIDING LEGAL ADVICE AND SERVICES IN CONNECTION WITH VARIOUS TRANSACTIONS ENTERED INTO BY THE REPORTING ENTITY IN THE ORDINARY COURSE OF BUSINESS. MICHAEL LEGASSE IS A LOCAL BUSINESS OWNER AND SERVES AS A DIRECTOR FOR THE REPORTING ENTITY. THE PURCHASE OF LAND BY MICHAEL LEGASSE FROM THE REPORTING ENTITY FALLS WITHIN THE ORDINARY COURSE OF BUSINESS, AND WAS DEEMED TO BE TRANSACTED AT FAIR VALUE. TIM BROCHU IS AN ENGINEER AND PROJECT MANAGER EMPLOYED BY CES, INC. AND SERVES AS A DIRECTOR FOR THE REPORTING ENTITY. ALL TRANSACTIONS BETWEEN CES, INC. AND THE REPORTING ENTITY ARE IN CONNECTION WITH PROVIDING SURVEYING AND CONSULTING SERVICES TO THE REPORTING ENTITY IN THE ORDINARY COURSE OF BUSINESS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS PROVIDED TO AND REVIEWED BY THE PRESIDENT AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE UPON REQUEST OF THE ANY BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTING 1,000 0 0 SURVEYING 7,060 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0953914
IRS990/TotalAssetsEOYAmt0972391
IRS990/TotalAssetsGrp/BOYAmt0953914
IRS990/TotalAssetsGrp/EOYAmt0972391
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01451
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046706
IRS990/TotalFunctionalExpensesGrp/TotalAmt048157
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0185000
IRS990/TotalLiabilitiesEOYAmt0215705
IRS990/TotalLiabilitiesGrp/BOYAmt0185000
IRS990/TotalLiabilitiesGrp/EOYAmt0215705
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0768914
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0756686
IRS990/TotalProgramServiceExpensesAmt046706
IRS990/TotalRevenueGrp/ExclusionAmt07674
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056755
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt064429
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0953914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0972391
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0768914
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0756686
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt084 HARLOW STREET
IRS990/USAddress/CityNm0BANGOR
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004401
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA PEASLEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02079418890
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BREWER ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0BREW
ReturnHeader/Filer/EIN0237104807
ReturnHeader/Filer/PhoneNum02079418890
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 878
ReturnHeader/Filer/USAddress/CityNm0BREWER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd0044120878
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043389217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BBSC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt038 PARKWAY SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BREWER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0044121628
ReturnHeader/PreparerPersonGrp/PhoneNum02079418890
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL P JONES CPA
ReturnHeader/ReturnTs02016-09-19T07:47:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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