Nonprofit · EIN 01-0509118
MAINE INTERNATIONAL TRADE CENTER
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,915,257 | $1,932,443 | -$17,186 | $1,615,348 | $956,851 | $658,497 |
| June 30, 2024 | 990 | $1,934,216 | $2,069,006 | -$134,790 | $1,842,642 | $1,166,959 | $675,683 |
| June 30, 2023 | 990 | $1,769,767 | $1,897,833 | -$128,066 | $2,065,967 | $1,207,663 | $858,304 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,806,418
- of which government grants
- $1,551,879
- Membership dues
- $103,782
- Program service revenue
- $92,789
- Investment income
- $250
- Net rental income
- $15,800
- Other revenue
- $15,800
Expenses
- Grants and similar amounts paid
- $593,267
- Other salaries and wages
- $446,254
- Salaries, compensation and benefits (total)
- $565,996
- Professional fundraising fees
- $0
- Legal fees
- $752
- Accounting fees
- $32,180
- Occupancy
- $153,678
- Travel
- $25,998
- Depreciation
- $15,435
- Program services (functional)
- $1,284,577
- Management and general (functional)
- $475,257
- Fundraising (functional)
- $172,609
Balance sheet and other
- Total assets, start of year
- $1,842,642
- Total assets, end of year
- $1,615,348
- Total liabilities, end of year
- $956,851
- Net assets, end of year
- $658,497
- Land, buildings and equipment
- $47,019
- Net assets without donor restrictions
- $658,497
- Gross receipts
- $1,915,257
- Employees
- 15
- Volunteers
- 13
- Year formed
- 1996
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Wade Merritt | President Trustee or director, Officer | 40 | $0 | $124,589 | $71,657 |
| Kevin Therrien | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jason Lundy | Vice Chair & Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Barbara Raths | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sheila Adams | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Beaupre | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Cabot | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alyne Kemunto Cistone | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Colter | Director Trustee or director | 1 | $0 | $0 | $0 |
| Katie Jennette | Director Trustee or director | 1 | $0 | $0 | $0 |
| Adrian Kendall | Director Trustee or director | 1 | $0 | $0 | $0 |
| Doug Sisko | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jonathan Wilcox | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Wade Merritt | President Trustee or director, Officer | 40 | $0 | $109,282 | $66,577 |
| Kevin Therrien | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jason Lundy | Vice Chair & Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Barbara Raths | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sheila Adams | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Beaupre | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Cabot | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alyne Kemunto Cistone | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Colter | Director Trustee or director | 1 | $0 | $0 | $0 |
| Katie Jennette | Director Trustee or director | 1 | $0 | $0 | $0 |
| Adrian Kendall | Director Trustee or director | 1 | $0 | $0 | $0 |
| Doug Sisko | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jonathan Wilcox | Director Trustee or director | 1 | $0 | $0 | $0 |
| Orlina Boteva | Past Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Wade Merritt | President Trustee or director, Officer | 40 | $0 | $109,331 | $58,594 |
| Kevin Therrien | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Adam Kennedy | Vice Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jason Lundy | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Barbara Raths | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sheila Adams | Director Trustee or director | 1 | $0 | $0 | $0 |
| Orlina Boteva | Director Trustee or director | 1 | $0 | $0 | $0 |
| James Cabot | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Colter | Director Trustee or director | 1 | $0 | $0 | $0 |
| Katie Jennette | Director Trustee or director | 1 | $0 | $0 | $0 |
| Alyne Kemunto Cistone | Director Trustee or director | 1 | $0 | $0 | $0 |
| Adrian Kendall | Director Trustee or director | 1 | $0 | $0 | $0 |
| Bryon Williams | Director Trustee or director | 1 | $0 | $0 | $0 |
| Raymond Kelley | Past Director Trustee or director | 1 | $0 | $0 | $0 |
| Tony Caruso | Past Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 PORTLAND FISH PIER SUITE 404, PORTLAND, ME 04101-4698
- Principal officer (990 for 2024)
- Wade Merritt, 2 Portland Fish Pier 204, Portland, ME 04101
- Signed the 990
- Wade Merritt, President
- Phone
- (207) 541-7400
- Website
- www.mitc.com
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
To promote the expansion of Maine's economy through increased international trade in goods and services, and related activities.
Program accomplishments
- Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade partners and unique networking opportunities. Trade missions are particularly useful for first time exporters or companies having difficulty expanding into a particular country or market. The Trade Center arranges all details of the missions including transportation, translators, and business meetings.Expenses $696,504 · grants $593,267 · revenue $72,714
- Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade Center's staff is committed to providing quality information and practical advice in selecting markets for our members' products and services. There are a number of resources we have available to the public in our Portland Trade Library, and on our website where trade news and current export data is listed. We have extensive internet research capabilities and on-line database services along with internet reference guides that provide our members with timely information on foreign markets.Expenses $282,240
- Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the essentials in conducting international business or country/industry-specific regulations, to understanding the state and federal resources that are available for Maine's internationally active business.Expenses $211,397 · revenue $7,855
- Trade Shows and International Conferences:The Trade Center offers group trips and discounts on overseas trade show space through its alliance with other government agencies. This is a convenient way for members to participate in overseas shows and display products internationally. The Maine International Trade Center also hosts international conferences and incoming delegations from overseas. Trade Center members enjoy opportunities to network with foreign buyers, commercial representatives and visiting dignitaries.Expenses $94,436 · revenue $12,220
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
- 01-0509118
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q31)
- Assets (IRS master file)
- $1,615,348
- Income (IRS master file)
- $1,915,257
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,915,257 | $1,932,443 | $1,615,348 | XML |
| 990 | June 2024 | $1,934,216 | $2,069,006 | $1,842,642 | IRS |
| 990 | June 2023 | $1,769,767 | $1,897,833 | $2,065,967 | XML |
| 990 | June 2022 | $1,481,005 | $1,480,431 | $1,240,638 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 01-0509118).
Questions about MAINE INTERNATIONAL TRADE CENTER
- What is the EIN of MAINE INTERNATIONAL TRADE CENTER?
- The employer identification number (EIN) of MAINE INTERNATIONAL TRADE CENTER is 01-0509118.
- Is MAINE INTERNATIONAL TRADE CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to MAINE INTERNATIONAL TRADE CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAINE INTERNATIONAL TRADE CENTER 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 INTERNATIONAL TRADE CENTER 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 MAINE INTERNATIONAL TRADE CENTER 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 MAINE INTERNATIONAL TRADE CENTER?
- The 990 for the year ended June 30, 2025 names Wade Merritt.
- Who are the officers and directors of MAINE INTERNATIONAL TRADE CENTER?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does MAINE INTERNATIONAL TRADE CENTER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,915,257, expenses of $1,932,443 and total assets of $1,615,348 at year end.
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All nonprofits in PORTLAND · Maine · International, foreign affairs and national security