NonprofitsEastern Maine Development Corporation

Community Improvement & Capacity Building

Eastern Maine Development Corporation

BANGOR, ME

Total revenue

$10.5M

Total expenses

$10.1M

Net assets

$10.2M

Grants received

$627K

11 grants

EIN

010281875

Tax year

2023

Mission

Economic Development

Financials

FY 2023

Revenue

Contributions & grants$9.6M
Program service revenue$782K
Investment income
Other revenue$125K
Total revenue$10.5M

Expenses

Grants paid
Salaries & benefits$4.2M
Fundraising
Other expenses$5.9M
Total expenses$10.1M
Total assets$11.8M
Net assets$10.2M

People

16 listed

NameRoleCompensation

Dennis Damon

Chairman

Board

2 hrs/wk

Laura Sanborn

Secretary-Treasurer

Board

2 hrs/wk

Tim Pease

Director

Board

2 hrs/wk

Elizabeth Russell

Vice Chair

Board

2 hrs/wk

Denise M Buzzelli

Director

Board

2 hrs/wk

Dr Steven R Cunningham

Director

Board

2 hrs/wk

Michael Donahue

Director

Board

2 hrs/wk

Wayne Erkkinen

Director

Board

2 hrs/wk

James S Gillway

Director

Board

2 hrs/wk

Jarrod Guimond

Director

Board

2 hrs/wk

EJ Roach

Director

Board

2 hrs/wk

Scott Adkins

Director

Board

2 hrs/wk

Jessica Masse

Director

Board

2 hrs/wk

Patrick McGowan

Director

Board

2 hrs/wk

Dan Tremble

Director

Board

2 hrs/wk

Jose Saavedra

Director

Board

2 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$100K
PROGRAM SUPPORT
2024
$65K
General Operating Support
2024
$30K
Economic Development
2024
$75K
General Operating Support
2023
$5K
General Support
2022
$25K
General operating support
2020
$10K
Program Support Grant
2020
$6K
General Operating Support
2020
$5K
Project support of the Blue Hill Co-op
2020
$281K
PUBLIC, SOCIETAL BENEFIT
2019
$25K
Feasibility and market research for development of the Economic Opportunity Team
2018

Funded by

$627K from 9 funders · 11 grants · 2018–2024

National Philanthropic Trust

$281K · 1 grant · 2019

Elmina B Sewall Foundation

$165K · 3 grants · 2020–2024

The Miami Foundation Inc

$100K · 1 grant · 2024

Maine Community Foundation Inc

$30K · 1 grant · 2024

Maine Technology Institute

$25K · 1 grant · 2018

Machias Savings Bank Community

$10K · 1 grant · 2020

Bangor Savings Bank Foundation

$6K · 1 grant · 2020

Details

EIN010281875
NTEE codeS300
Subsection03
Ruling date1994-09
Formed1967
Employees264
EASTERN MAINE DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo