Nonprofit · EIN 01-0248224
MAINE CREDIT UNION LEAGUE
Tax-exempt · PORTLAND, ME 04104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,606,396 | $2,504,302 | $102,094 | $4,073,725 | $185,859 | $3,887,866 |
| December 31, 2023 | 990 | $1,960,888 | $1,829,949 | $130,939 | $3,941,430 | $156,242 | $3,785,188 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,057,711
- Investment income
- $172,651
- Other revenue
- $376,034
Expenses
- Grants and similar amounts paid
- $17,009
- Compensation of officers, directors and key employees
- $180,668
- Other salaries and wages
- $757,946
- Salaries, compensation and benefits (total)
- $1,136,332
- Professional fundraising fees
- $0
- Occupancy
- $45,584
- Travel
- $40,264
Balance sheet and other
- Total assets, start of year
- $3,941,430
- Total assets, end of year
- $4,073,725
- Total liabilities, end of year
- $185,859
- Net assets, end of year
- $3,887,866
- Net assets without donor restrictions
- $3,867,304
- Net assets with donor restrictions
- $20,562
- Gross receipts
- $2,606,396
- Employees
- 8
- Volunteers
- 12
- Year formed
- 1938
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRIS WESCOTT | CFO Officer | 1 | $0 | $407,420 | $59,672 |
| ROBERT CAVERLY | VP GOVERMENTAL AFFAIRS Highest-paid employee | 40 | $179,490 | $0 | $22,615 |
| ELISE BALDACCI | PRESIDENT Officer | 40 | $156,422 | $0 | $24,246 |
| JENNIFER BURKE | VP OUTREACH Highest-paid employee | 40 | $129,958 | $0 | $15,623 |
| JOHN A DOE | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOSEPH GERVAIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JASON LINDSTROM | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BASIL CLOSSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOANN BISSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT CHRETIEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN CUMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID DESJARDINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE DEVINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LUKE LABBE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE MARQUIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK SAMSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TODD MASON | PRESIDENT/CEO Officer | 40 | $0 | $664,053 | $52,511 |
| CRIS WESCOTT | SVP - ACCOUNTING & FINANCE Officer | 40 | $0 | $459,819 | $62,299 |
| CHERYL LANCASTER | FORMER KEY EMPLOYEE Former | 1 | $0 | $141,926 | $21,595 |
| DAVID DESJARDINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN A DOE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTINE DEVINE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BASIL CLOSSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOANN BISSON | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SCOTT CHRETIEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAN CUMMINGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH GERVAIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LUKE LABBE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JASON LINDSTROM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JULIE MARQUIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK SAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1236, PORTLAND, ME 04104-5024
- Principal officer (990 for 2024)
- CRIS WESCOTT, PO BOX 1236, PORTLAND, ME 041045024
- Signed the 990
- CRIS WESCOTT, CFO
- Phone
- (207) 773-5671
- Website
- MAINECUL.ORG
- Return prepared by
- WIPFLI LLP
Mission
HELP CREDIT UNIONS SUCCEED AND IMPROVE THE FINANCIAL LIVES OF THEIR MEMBERS.
Program accomplishments
- HELP CREDIT UNIONS SUCCEED AND IMPROVE THE FINANCIAL LIVES OF THEIR MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0248224
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,073,725
- Income (IRS master file)
- $2,606,396
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,606,396 | $2,504,302 | $4,073,725 | XML |
| 990 | December 2023 | $1,960,888 | $1,829,949 | $3,941,430 | XML |
| 990 | December 2022 | $1,880,069 | $1,686,509 | $3,759,148 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0248224).
Questions about MAINE CREDIT UNION LEAGUE
- What is the EIN of MAINE CREDIT UNION LEAGUE?
- The employer identification number (EIN) of MAINE CREDIT UNION LEAGUE is 01-0248224.
- Is MAINE CREDIT UNION LEAGUE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1970.
- Are donations to MAINE CREDIT UNION LEAGUE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAINE CREDIT UNION LEAGUE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAINE CREDIT UNION LEAGUE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE CREDIT UNION LEAGUE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAINE CREDIT UNION LEAGUE?
- The 990 for the year ended December 31, 2024 names CRIS WESCOTT.
- Who are the officers and directors of MAINE CREDIT UNION LEAGUE?
- The 990 for the year ended December 31, 2024 lists 16 people; 3 received compensation from the organization.
- How much revenue does MAINE CREDIT UNION LEAGUE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,606,396, expenses of $2,504,302 and total assets of $4,073,725 at year end.
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