Nonprofit · EIN 01-0472964
SOUTHERN MAINE FINANCE AGENCY
Tax-exempt · BIDDEFORD, ME 04005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $878,782 | $849,942 | $28,840 | $8,072,098 | $2,353,500 | $5,718,598 |
| June 30, 2024 | 990 | $1,401,365 | $761,997 | $639,368 | $7,874,799 | $2,185,041 | $5,689,758 |
| June 30, 2023 | 990 | $719,081 | $757,888 | -$38,807 | $7,492,339 | $2,441,949 | $5,050,390 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $65,838
- of which government grants
- $65,838
- Program service revenue
- $772,343
- Investment income
- $40,601
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $187,667
- Other salaries and wages
- $239,979
- Salaries, compensation and benefits (total)
- $495,877
- Professional fundraising fees
- $0
- Legal fees
- $8,175
- Accounting fees
- $18,759
- Travel
- $6,484
- Depreciation
- $1,974
- Program services (functional)
- $421,153
- Management and general (functional)
- $428,789
Balance sheet and other
- Total assets, start of year
- $7,874,799
- Total assets, end of year
- $8,072,098
- Total liabilities, end of year
- $2,353,500
- Net assets, end of year
- $5,718,598
- Land, buildings and equipment
- $12,178
- Net assets without donor restrictions
- $427,594
- Net assets with donor restrictions
- $5,291,004
- Gross receipts
- $878,782
- Employees
- 4
- Volunteers
- 18
- Year formed
- 1992
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM O ARMITAGE II | PRESIDENT Officer | 40 | $148,017 | $29,625 |
| WAYNE MORPHEW | VP, BUSINESS Highest-paid employee | 40 | $107,132 | $21,464 |
| JAN WILLIAMS | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICK OLSEN | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| BETTY OLSON | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| REBECCA JACOBS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KEITH JACQUES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEITH MCBRIDE | DIRECTOR Institutional trustee | 0.5 | $0 | $0 |
| TRACEY DESJARDINS | DIRECTOR Institutional trustee | 0.5 | $0 | $0 |
| AYN HANSELMANN | DIRECTOR Institutional trustee | 0.5 | $0 | $0 |
| ANDY KANY | DIRECTOR Institutional trustee | 0.5 | $0 | $0 |
| BOB GEORGITIS | DIRECTOR Institutional trustee | 0.5 | $0 | $0 |
| DICK HODGDON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOUGLAS EDWARDS | DIRECTOR Institutional trustee | 0.5 | $0 | $0 |
| RENEE FAHIE | DIRECTOR Institutional trustee | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD ST PIERRE | DIRECTOR Institutional trustee | 1 | $0 |
| STEPHANIE CARVER | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM O ARMITAGE II | PRESIDENT Officer | 40 | $134,443 | $30,466 |
| JAN WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICK OLSEN | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| BETTY OLSON | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KEITH JACQUES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MARSHALL ARCHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KEITH MCBRIDE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TRACEY DESJARDINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AYN HANSELMANN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY KANY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BOB GEORGITIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAUL SCHUMACHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LORRAINE BOSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REBECCA JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DICK HODGDON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM O ARMITAGE II | PRESIDENT Officer | 40 | $122,444 | $31,565 |
| JAN WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LORRAINE BOSTON | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RICK OLSEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KEITH JACQUES | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALAN CASAVANT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARSHALL ARCHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GREG MITCHELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BETTY OLSEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY KANY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PAUL SCHUMACHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AYN HANSELMANN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BOB GEORGITIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DICK HODGDON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TRACEY DESJARDINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| REBECCA JACOBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH MCBRIDE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20 POMERLEAU STREET STE 300, BIDDEFORD, ME 04005-9457
- Principal officer (990 for 2024)
- WILLIAM O ARMITAGE II, 20 POMERLEAU STREET, SUITE 300, BIDDEFORD, ME 04005
- Signed the 990
- WILLIAM O ARMITAGE II, PRESIDENT
- Phone
- (207) 282-1748
- Website
- SMFAMAINE.ORG
- Return prepared by
- RUNYON KERSTEEN OUELLETTE
Mission
TO PROMOTE SUSTAINABLE ECONOMIC PROSPERITY THROUGH REGIONAL BUSINESS LENDING, TARGETING UNDERSERVED MARKETS.
Program accomplishments
- THE CORPORATION SERVICES LOANS MADE IN PRIOR YEARS AND MADE NEW LOANS TO COMPANIES LOCATED IN, AND THAT PROVIDED JOBS, WITHIN YORK COUNTY AND THE STATE OF MAINE.Expenses $421,153 · revenue $772,343
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0472964
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $8,072,098
- Income (IRS master file)
- $878,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $878,782 | $849,942 | $8,072,098 | IRS |
| 990 | June 2024 | $1,401,365 | $761,997 | $7,874,799 | IRS |
| 990 | June 2023 | $719,081 | $757,888 | $7,492,339 | XML |
| 990 | June 2022 | $658,421 | $618,482 | $7,727,125 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 01-0472964).
Questions about SOUTHERN MAINE FINANCE AGENCY
- What is the EIN of SOUTHERN MAINE FINANCE AGENCY?
- The employer identification number (EIN) of SOUTHERN MAINE FINANCE AGENCY is 01-0472964.
- Is SOUTHERN MAINE FINANCE AGENCY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to SOUTHERN MAINE FINANCE AGENCY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHERN MAINE FINANCE AGENCY 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 SOUTHERN MAINE FINANCE AGENCY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN MAINE FINANCE AGENCY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHERN MAINE FINANCE AGENCY?
- The 990 for the year ended June 30, 2025 names WILLIAM O ARMITAGE II.
- Who are the officers and directors of SOUTHERN MAINE FINANCE AGENCY?
- The 990 for the year ended June 30, 2025 lists 17 people; 2 received compensation from the organization, the highest $148,017 (WILLIAM O ARMITAGE II, PRESIDENT).
- How much revenue does SOUTHERN MAINE FINANCE AGENCY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $878,782, expenses of $849,942 and total assets of $8,072,098 at year end.
Other nonprofits in BIDDEFORD
- HEART OF BIDDEFORD EIN 34-2003673 · last filed 990 for 2025
- HILLS BEACH COMMUNITY CENTER INC EIN 84-4246823 · last filed 990-EZ for 2026
- MAINE ACUPUNCTURE SOCIETY EIN 34-2015611 · last filed 990-N for 2025
- IRAQI COMMUNITY CENTER IN MAINE EIN 88-1547094 · last filed 990-N for 2024
- UNIVERSITY OF NEW ENGLAND EIN 01-0211810 · last filed 990 for 2025
- PUFFIN BAY FOUNDATION EIN 99-1989779 · last filed 990-PF for 2025
- PERMANENT ARCHIVE FUND EIN 93-1921930 · last filed 990 for 2024
- ARCHIVE SUSTAINING FOUNDATION EIN 93-1674828 · last filed 990 for 2024
All nonprofits in BIDDEFORD · Maine · Community improvement and capacity building