NonprofitsSouthern Maine Finance Agency

Community Improvement & Capacity Building

Southern Maine Finance Agency

BIDDEFORD, ME

Total revenue

$1.4M

Total expenses

$762K

Net assets

$5.7M

Grants received

EIN

010472964

Tax year

2023

Mission

To promote sustainable economic prosperity through regional business lending, targeting underserved markets.

Financials

FY 2023

Revenue

Contributions & grants$686K
Program service revenue$679K
Investment income$36K
Other revenue
Total revenue$1.4M

Expenses

Grants paid
Salaries & benefits$441K
Fundraising
Other expenses$321K
Total expenses$762K
Total assets$7.9M
Net assets$5.7M

People

15 listed

NameRoleCompensation

WILLIAM O ARMITAGE II

PRESIDENT

Board

$134K

40 hrs/wk

JAN WILLIAMS

CHAIR

Board

1 hrs/wk

RICK OLSEN

VICE-CHAIR

Board

0.5 hrs/wk

BETTY OLSON

TREASURER

Board

0.5 hrs/wk

KEITH JACQUES

SECRETARY

Board

1 hrs/wk

MARSHALL ARCHER

DIRECTOR

Board

0.5 hrs/wk

KEITH MCBRIDE

DIRECTOR

Board

0.5 hrs/wk

TRACEY DESJARDINS

DIRECTOR

Board

0.5 hrs/wk

AYN HANSELMANN

DIRECTOR

Board

0.5 hrs/wk

ANDY KANY

DIRECTOR

Board

0.5 hrs/wk

BOB GEORGITIS

DIRECTOR

Board

0.5 hrs/wk

PAUL SCHUMACHER

DIRECTOR

Board

0.5 hrs/wk

LORRAINE BOSTON

DIRECTOR

Board

1 hrs/wk

REBECCA JACOBS

DIRECTOR

Board

1 hrs/wk

DICK HODGDON

DIRECTOR

Board

0.5 hrs/wk

Details

EIN010472964
NTEE codeS20
Subsection03
Ruling date1993-08
Formed1992
Employees6
Volunteers19
SOUTHERN MAINE FINANCE AGENCY — Mission, Financials & Grants Received | Grantivo