Civic Intelligence

Greater Portland Economic Development Corporation

EIN 45-2014706 • 501(c)6 • Portland, ME

389 Congress StreetPortland, ME 04101

www.gpedc.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2025

Net Margin

1st percentile

-20083%

Higher net margin than 1% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2025

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2025

Asset Growth

39th percentile

-8.1%

Faster asset growth than 39% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

31st percentile

-14%

Faster revenue growth than 31% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$13,662

Down $1,205 (-8.1%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$13,662

Down $1,205 (-8.1%) from 2024

Operations
Liabilities / Revenue51st percentileNet Margin1st percentile

Revenue

Down

$6

Down $1 (-14%) from 2024

Expenses

Down

$1,211

Down $575 (-32%) from 2024

Net Income

Up

-$1,205

Up $574 (+32%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

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

$300K$200K$100K$0Assets 2011: $193,256Liabilities 2011: $0Net Assets 2011: $193,2562011Assets 2012: $289,273Liabilities 2012: $0Net Assets 2012: $289,2732012Assets 2013: $183,051Liabilities 2013: $0Net Assets 2013: $183,0512013Assets 2014: $176,564Liabilities 2014: $0Net Assets 2014: $176,5642014Assets 2015: $50,016Liabilities 2015: $0Net Assets 2015: $50,0162015Assets 2016: $59,676Liabilities 2016: $0Net Assets 2016: $59,6762016Assets 2017: $44,562Liabilities 2017: $0Net Assets 2017: $44,5622017Assets 2018: $27,068Liabilities 2018: $0Net Assets 2018: $27,0682018Assets 2019: $22,678Liabilities 2019: $0Net Assets 2019: $22,6782019Assets 2020: $21,006Liabilities 2020: $0Net Assets 2020: $21,0062020Assets 2021: $19,506Liabilities 2021: $0Net Assets 2021: $19,5062021Assets 2022: $18,164Liabilities 2022: $0Net Assets 2022: $18,1642022Assets 2023: $16,646Liabilities 2023: $0Net Assets 2023: $16,6462023Assets 2024: $14,867Liabilities 2024: $0Net Assets 2024: $14,8672024Assets 2025: $13,662Liabilities 2025: $0Net Assets 2025: $13,6622025

Highlighted filing

2025

Assets$13,662
Liabilities$0
Net Assets$13,662
Open 2025 Filing

Operations Trend

Revenue Growth31st percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $200,071Expenses 2011: $6,815Net Income 2011: $193,2562011Expenses 2012: $91,8852012Revenue 2013: $38,345Expenses 2013: $144,567Net Income 2013: -$106,2222013Revenue 2014: $167Expenses 2014: $6,654Net Income 2014: -$6,4872014Revenue 2015: $153Expenses 2015: $126,701Net Income 2015: -$126,5482015Revenue 2016: $30,043Expenses 2016: $20,383Net Income 2016: $9,6602016Revenue 2017: $11,133Expenses 2017: $26,247Net Income 2017: -$15,1142017Revenue 2018: $28Expenses 2018: $17,522Net Income 2018: -$17,4942018Revenue 2019: $21Expenses 2019: $4,411Net Income 2019: -$4,3902019Revenue 2020: $18Expenses 2020: $1,690Net Income 2020: -$1,6722020Revenue 2021: $25Expenses 2021: $1,525Net Income 2021: -$1,5002021Revenue 2022: $9Expenses 2022: $1,351Net Income 2022: -$1,3422022Revenue 2023: $8Expenses 2023: $1,526Net Income 2023: -$1,5182023Revenue 2024: $7Expenses 2024: $1,786Net Income 2024: -$1,7792024Revenue 2025: $6Expenses 2025: $1,211Net Income 2025: -$1,2052025

Highlighted filing

2025

Revenue$6
Expenses$1,211
Net Income-$1,205
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,662
Liabilities
$0
Net assets
$13,662
Revenue
$6
Expenses
$1,211
Net income
-$1,205
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.00$0.01$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.00$0.02$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.00$0.02$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.00$0.02$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.00$0.04$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.00$0.18$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.11$0.26$0.15
2016Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.30$0.20$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.00$1.27$1.27
2014Summary only. Only limited summary data is available for this year.$1.77$0.00$1.77$0.00$0.07$0.06
2013Summary only. Only limited summary data is available for this year.$1.83$0.00$1.83$0.38$1.45$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$0.00$2.89$0.92
2011Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$2.00$0.07$1.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$6
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
ATTRACTION AND BRANDING: CONTINUE TO MARKET THE GPEDC REGION THROUGH THE GPEDC WEB SITE AND USE OF REGION MARKETING MATERIALS-$0
BUSINESS RETENTION/EXPANSION: CONTINUE THE BUSINESS VISITATION PROGRAM IN THE REGION TO DETERMINE EXISTING BUSINESS NEEDS TO SUPPORT BUSINESS GROWTH AND JOB CREATION-$0
ENTERPRISE DEVELOPMENT: SUPPORT NEW BUSINESS ESTABLISHMENT BY CONNECTING BUSINESSES TO BUSINESS COUNSELING AND TECHNICAL ASSISTANCE, FINANCING AND WORKFORCE DEV PROGRAMS-$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GREGORY WATSONTreasurersecretary-$0--
ADAM CAUSEY - FALMOUTHBoard Member-$0--
KAREN MARTIN - SCARBOROUGHPresident-$0--
MICHAEL MCGOVERN - CAPE ELIZABETHBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Greater Portland Economic Development Corporation
EIN
45-2014706
In Care Of
% GREGORY WATSON
Address
389 CONGRESS STREET, PORTLAND, ME 04101

Signing Officer

Name
Gregory Watson
Title
Treasurersecretary
Signed
2025-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Eshelman Accounting Services PA
Address
PO Box 8612, Portland, ME 04104
Preparer
Mary B Eshelman CPA
Phone
2075414200
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountINSURANCE 976”

General explanation attachment

“Organizations mission: gpedc links private educational and public institutions in pursuit of sustainable economic prosperity on behalf of the communities of cape elizabeth, falmouth, portland, scarborough, south portland, and westbrook.”

Raw XML Appendix111 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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IRS990EZ/BooksInCareOfDetail/PhoneNum02078748683
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PORTLAND
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd004101
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KAREN MARTIN - SCARBOROUGH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MICHAEL MCGOVERN - CAPE ELIZABETH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURERSECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt0976
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0SEE SCHEDULE O
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1BUSINESS RETENTION/EXPANSION: CONTINUE THE BUSINESS VISITATION PROGRAM IN THE REGION TO DETERMINE EXISTING BUSINESS NEEDS TO SUPPORT BUSINESS GROWTH AND JOB CREATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2ENTERPRISE DEVELOPMENT: SUPPORT NEW BUSINESS ESTABLISHMENT BY CONNECTING BUSINESSES TO BUSINESS COUNSELING AND TECHNICAL ASSISTANCE, FINANCING AND WORKFORCE DEV PROGRAMS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
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IRS990EZ/WebsiteAddressTxt0WWW.GPEDC.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountINSURANCE 976
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATIONS MISSION: GPEDC LINKS PRIVATE EDUCATIONAL AND PUBLIC INSTITUTIONS IN PURSUIT OF SUSTAINABLE ECONOMIC PROSPERITY ON BEHALF OF THE COMMUNITIES OF CAPE ELIZABETH, FALMOUTH, PORTLAND, SCARBOROUGH, SOUTH PORTLAND, AND WESTBROOK.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1General explanation attachment
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/EIN0452014706
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ReturnHeader/Filer/USAddress/CityNm0PORTLAND
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004104
ReturnHeader/PreparerPersonGrp/PhoneNum02075414200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY B ESHELMAN CPA
ReturnHeader/ReturnTs02025-11-12T12:19:51-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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