2024-05-14T08:56:13-00:00 2023-06-30 043383155 RHR Smith & Company 3 Old Orchard Rd Buxton ME 04093 990 2022-07-01 222635303 Northern Maine Development Commission NORT 2074988736 11 West Presque Isle Road Caribou ME 04736 Robert Clark Executive Director 2074988736 2024-05-14 true Robert Clark XXX-XX-XXXX true Ronald Smith P01481996 2079294606 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Robert Clark PO Box 427 Fort Fairfield ME 04742 12637728 false X www.nmdc.org X 1969 ME To serve the northern Maine region with effective regional community planning and economic development. 24 24 23 52 0 25140487 8780055 1424909 3444204 2352 1063 1300422 412406 27868170 12637728 34216 0 0 1157939 65075 0 0 24950125 3965506 26142280 4030581 1725890 8607147 19059929 27286195 6620369 6239488 12439560 21046707 To serve the northern Maine region with effective regional community planning and economic development. false false 171909 Other Grants- Various marketing and development grants which all enhance the image of Northern Maine, and to develop a strong agriculture and manufacturing business image. Beginning in FY21 this program also facilitated Maine Economic Recovery Grants to small businesses through the Coronavirus Relief Funds federal award program. 2486691 Community Fund- Provides support for all the areas of program services to the Agency. 1334209 Revolving 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. 3992809 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 23 true false false false false false false false false false false false false X 24 24 false false false false true true false true true true false true true true true true true true true false ME X Robert Clark 2074935759 11 West Presque Isle Rd Caribou ME 04736 Robert Clark Executive Director 040.00 X 152510 0 0 Gary Picard Chair 001.00 X X 0 0 0 Sandra Fournier Chair 001.00 X X 0 0 0 Norman Fournier Treasurer 001.00 X X 0 0 0 Kelly Garrison Director 001.00 X 0 0 0 Jim Gardner Director 001.00 X 0 0 0 Michelle Bernier Director 001.00 X 0 0 0 Diane Hines Director 001.00 X 0 0 0 Max Lynds Director 001.00 X 0 0 0 David Cyr Director 001.00 X 0 0 0 Cyr Martin Director 001.00 X 0 0 0 Suzie Paradis Vice Chair 001.00 X X 0 0 0 Royden Hunt Director 001.00 X 0 0 0 Steve Pelletier Treasurer 001.00 X 0 0 0 Galen Weibley Secretary 001.00 X 0 0 0 Patricia Sutherland Director 001.00 X 0 0 0 Donna Turner Director 001.00 X 0 0 0 Penny Thompson Director 001.00 X 0 0 0 Lana Voisine Director 001.00 X 0 0 0 Martin Dionne Director 001.00 X 0 0 0 Kevin Bouchard Director 001.00 X 0 0 0 Kim Denbow Director 001.00 X 0 0 0 William Dobbins Director 001.00 X 0 0 0 Luke Dyer Director 001.00 X 0 0 0 James Gehring Director 001.00 X 0 0 0 Alan Mulherin Director 001.00 X 0 0 0 John Sutherland Director 001.00 X 0 0 0 152510 1 false false false 93611 8679748 6696 6696 8780055 Administrative Services 29743 29743 Interest Earned on Loan Funds 638595 638595 Financial Services 2768826 2768826 Contract Income 7040 7040 3444204 1063 1063 412406 412406 412406 12637728 3856610 1063 0 0 0 0 0 0 65075 65075 0 0 0 0 0 0 0 0 45341 45341 0 1061905 1061905 0 0 0 19656 19656 0 0 133284 133284 0 37772 37772 0 Direct Program Expenses 32519 32519 Indirect cost 492035 492035 Rural Development Reserve 4862 4862 2138132 2138132 4030581 3992809 37772 0 4996878 2684856 745750 797516 120983 12051486 24090832 18792 37789 2280851 1929116 383768 351735 65739 19059929 27286195 1175471 731321 251856 251856 5193042 5256311 6620369 6239488 X 2379301 5174788 10060259 15871919 12439560 21046707 19059929 27286195 8607147 X false true X true true true X 1418906 1876077 29044888 25140487 8780055 66260413 1418906 1876077 29044888 25140487 8780055 66260413 66260413 1788 2606 3432 2352 1063 11241 471909 695203 2196985 1300422 412406 5076925 71348579 7826329 0.92870 0.92040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 1728528 1403472 325056 552323 525644 26679 351735 Financial derivatives and other financial products Closely-held equity interests Federal income taxes X 12637728 12637728 12637728 4030581 4030581 4030581 X 2 The Commission is exempt from federal income taxes under Section 501c 3 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 recorded in the financial statements. Under that guidance, the Commission may recognize the tax benefit from an uncertain tax 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, 2023. 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 2020. Community Block Grant 43 410325 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 Gary Picard - 328 Thomas St Suite 101 Madawaska, ME 04756 Nancy Troeger - 51 Main St Suite 1 Van Buren, ME 04785