2026-08-17T04:36:09-00:00 2025-09-30 043383155 RHR Smith & Company CPA's 3 Old Orchard Road Buxton ME 04093 990 2024-10-01 010281875 Eastern Maine Development Corporation EAST 2079426389 40 Harlow Street Bangor ME 04401 Lee Umphrey President 2079426389 2026-08-17 true Danielle N O'Neill P02481791 2079294606 2026-08-17 2024 2025-03-06 01:10:19Z Lee Umphrey 40 Harlow Street Bangor ME 04401 12893217 false X www.emdc.org X 1967 ME Economic Development 12 12 264 0 9626734 11465629 782040 1310215 0 124644 117373 10533418 12893217 0 0 4234695 4574296 0 0 5876644 7730481 10111339 12304777 422079 588440 11762497 13156721 1529865 2057428 10232632 11099293 X Provide educational and other economic development services to governments and businesses in eastern Maine false false Municipal Planning The Municipal Planning Assistance Program MPAP was set up under the Maines Department of Agriculture Conservation and Forestry. It is implemented through EMDCs Regional Planning Commission RPC. The RPC provides municipal technical assistance services as well as comprehensive plan and land use ordinance development services to all towns within the Penobscot and Piscataquis and some of Waldo Counties. During 2023 the RPC staff provided technical assistance to 14 municipalities ranging from land use queries, ordinance development, code enforcement guidance, and MRSA Title 30-A interpretation. Also included were a range of coastal climate workshops to 13 coastal towns within the Penobscot River estuary. The RPC provided comprehensive planning development services to 5 municipalities totaling 96,500 in contractual services during 2023. 11183038 11183038 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 11 0 true 264 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false ME X Ashley Bubar 2079426389 40 Harlow Street Bangor ME 04011 X Dennis Damon Chairman 002.00 X X 0 0 0 Laura Sanborn Secretary-Treasurer 002.00 X X 0 0 0 Tim Pease Director 002.00 X 0 0 0 Elizabeth Russell Vice Chair 002.00 X X 0 0 0 Denise M Buzzelli Director 002.00 X 0 0 0 Dr Steven R Cunningham Director 002.00 X 0 0 0 Michael Donahue Director 002.00 X 0 0 0 Wayne Erkkinen Director 002.00 X 0 0 0 James S Gillway Director 002.00 X 0 0 0 Jarrod Guimond Director 002.00 X 0 0 0 EJ Roach Director 002.00 X 0 0 0 Scott Adkins Director 002.00 X 0 0 0 Jessica Masse Director 002.00 X 0 0 0 Patrick McGowan Director 002.00 X 0 0 0 Dan Tremble Director 002.00 X 0 0 0 Jose Saavedra Director 002.00 X 0 0 0 false false false 37500 11181982 246147 11465629 Contracts 541900 832914 832914 Interest Loan Fees 523000 477301 477301 1310215 Financial Services 76858 76858 40515 40515 117373 12893217 1427588 0 0 0 0 0 0 4574296 4043182 531114 0 0 0 0 0 0 0 0 270553 176430 94123 0 0 0 0 0 140875 127768 13107 0 0 36742 32324 4418 0 0 0 SMM Pass-through 1883678 1883678 Participant Costs 2539084 2539084 Subcontracts 927153 927153 Admin Expenditures 1347843 868866 478977 584553 584553 12304777 11183038 1121739 0 277522 592717 2468741 2730351 1737096 990599 7261721 8814804 17417 28250 251925 251925 11762497 13156721 868288 1056910 61798 599779 628315 372203 1529865 2057428 X 3134169 4000830 7098463 7098463 10232632 11099293 11762497 13156721 588440 278221 X false true X true true true X 9209261 5591466 5627216 9626734 11465629 41520306 892787 980061 805936 782040 1310215 4771039 10102048 6571527 6433152 10408774 12775844 46291345 46291345 709 49 2247 3005 0 709 49 2247 3005 0 370506 65822 45082 124644 117373 723427 10473263 6637398 6480481 10533418 12893217 47017777 0.98450 0.97860 0.00010 0.00530 X false 251925 251925 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Line of Credit 372203 372203 X 13265751 94313 278221 372534 12893217 12893217 12399090 94313 94313 12304777 12304777 XI 2d Cash match revenue from loans required for federal grants. XI 4b Loan recoveries included in total expenses on the audited financial statements but shown in revenue on the Form 990. XII 2d Net of cash match expense required for federal grant programs and loan recoveries revenue. X 2 The Development Corporation 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 Development Corporation 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 Development Corporation 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 September 30, 2025. Accordingly, no provision for income taxes has been made. The Development Corporation files its forms 990 including a 990-T for nonrelated business income of rental income in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Development Corporation is generally no longer subject to examination by the Internal Revenue Service for years before 2022. Form 990, Part III, Line 4d Program Service Expenses 0, Grants and allocations 0, Revenue 0 Community Development Technical assistance is provided to businesses and communities for planning, business services preparation of business plans, marketing, second stage business planning, loan financing, access to technology, and climate resiliency. A total of 1,157 business and 542 community encounters were performed. The Community Impact Lending department provided technical assistance through a total of 708 encounters and approved 1,715,120 in loans to16 clients. Housing EMDC received a new grant in 2023 to perform a pilot project to assess housing stock and needs. Equity Impact Investments We are working to develop the EMDC Equity Center which will house the immigrant Welcome Center, regional project development, staffing for Piscataquis County economic development and the Recreation Economy for Rural Community program, and a childcare center for those receiving workforce and ESL training by EMDC. Broadband EMDC received 185,000 in funds for Year two of the Regional and Tribal Broadband Partners program. Form 990, Part III, Line 4d Program Service Expenses 0, Grants and allocations 0, Revenue 0 APEX Maine APEX Program The Federal Procurement Technical Assistance Program PTAP was set up under Title 10, United States Code, Chapter 142 in 1985. It is implemented in Maine through the Maine APEX Accelerator Program. Maine APEX is a statewide program which offers procurement technical assistance services to Maine Businesses on issues related to government contracting. During 2023, Maine APEX staff sponsored 38 outreach events, including training workshops, and participated in 63 non-sponsored outreach events. The program also provides one-on-one counseling and a Bid Match service to the 1,217 active clients and supplies them with relevant information about government contracting through newsletters, online training, social media platforms and a website www.maineapex.com. Clients assisted by Maine APEX have reported over 2,459 government prime and subcontract awards worth over 2.359 billion during 2023. Form 990, Part III, Line 4d Program Service Expenses 11,183,038, Grants and allocations 0, Revenue 0 Workforce Services Program EMDC provided an extensive array of workforce development services to economically disadvantaged adults, at-risk youth, dislocated workers, seasonal and migrant farmworkers and individuals re entering the workforce from incarceration and/or substance use disorder recovery services throughout Penobscot, Piscataquis, Washington and Hancock counties. EMDC invested in direct workforce services to 754 individuals through a number of funding programs including US Department of Labors Workforce Innovation and Opportunity Act WIOA and US Department of Labors National Dislocated Worker Grant NDWG-Opioid. 85 of the individuals served during the FY23 period were enrolled in our Opioid National Dislocated Worker Grant ONDWG. These services are delivered at no cost to participants who meet the eligibility criteria for the following programs and include Occupational Skills Training, On-the-Job Training OJT, Work Experience, Basic Education Skills, Employability Services and Supportive Services. Form 990, Part VI, Section B, Line 11b The Form 990 is provided to the Board of Directors for consent before filing Form 990, Part VI, Section B, Line 12c The monitoring is applied consistently and conflicts of interest that arise are handled immediately with disciplinary or discharge action taken. The directors are required to read and sign a copy of the conflict of interest policy at each Board of Directors meeting. Form 990, Part VI, Section B, Line 15 The Board of Directors set the compensation for the President and appoints a sub-committee made up of directors to review the Presidents performance. The sub-committee makes recommendations to the Board for salary increases and sets performance goals accordingly. The President is responsible for reviewing the performance of key employees, establishing pay and setting performance goals. The organization uses comparable data for its industry group and locale to set its pay structure Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are available to the public upon request