Nonprofit · EIN 23-7104807
BREWER ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · BREWER, ME 04412
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $102,116 | $16,549 | $85,567 | $749,989 | $590 | $749,399 |
| December 31, 2023 | 990 | $8,907 | $14,917 | -$6,010 | $663,832 | $0 | $663,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $93,381
- Net rental income
- $8,735
- Net gain from sales of assets
- $93,222
- Other revenue
- $8,735
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,178
- Program services (functional)
- $16,549
Balance sheet and other
- Total assets, start of year
- $663,832
- Total assets, end of year
- $749,989
- Total liabilities, end of year
- $590
- Net assets, end of year
- $749,399
- Land, buildings and equipment
- $312,427
- Net assets without donor restrictions
- $749,399
- Gross receipts
- $398,894
- Employees
- 0
- 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 |
|---|---|---|---|
| TIM BROCHU | DIRECTOR Trustee or director | – | $0 |
| JOSEPH L FERRIS | SECRETARY Trustee or director, Officer | – | $0 |
| JAMES GEHRKE | DIRECTOR Trustee or director | – | $0 |
| CHRIS HERSEY | DIRECTOR Trustee or director | – | $0 |
| MICHAEL LEGASSE | DIRECTOR Trustee or director | – | $0 |
| FRANK MCGUIRE | PRESIDENT Trustee or director, Officer | – | $0 |
| PATRICIA PEASLEE | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM BROCHU | DIRECTOR Trustee or director | – | $0 |
| JOSEPH L FERRIS | SECRETARY Trustee or director, Officer | – | $0 |
| CHRIS HERSEY | DIRECTOR Trustee or director | – | $0 |
| MICHAEL LEGASSE | DIRECTOR Trustee or director | – | $0 |
| FRANK MCGUIRE | PRESIDENT Trustee or director, Officer | – | $0 |
| PATRICIA PEASLEE | TREASURER Trustee or director, Officer | – | $0 |
| RONALD ROOPE | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 878, BREWER, ME 04412-0878
- Principal officer (990 for 2024)
- FRANK MCGUIRE, 37 NOTTINGHAM WAY, BREWER, ME 04412
- Signed the 990
- PATRICIA PEASLEE, TREASURER
- Phone
- (207) 941-8890
- Return prepared by
- BBSC CPAS
Mission
TO STIMULATE ECONOMIC DEVELOPMENT IN THE CITY OF BREWER, MAINE.
Program accomplishments
- SALE OF COMMERICAL LOTS TO STIMULATE ECONOMIC DEVELOPMENT IN THE CITY OF BREWER, MAINE.Expenses $16,549
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
- 23-7104807
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $749,989
- Income (IRS master file)
- $398,894
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $102,116 | $16,549 | $749,989 | IRS |
| 990 | December 2023 | $8,907 | $14,917 | $663,832 | XML |
| 990 | December 2022 | $26,549 | $14,796 | $669,842 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 23-7104807).
Questions about BREWER ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of BREWER ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BREWER ECONOMIC DEVELOPMENT CORPORATION is 23-7104807.
- Is BREWER ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1971.
- Are donations to BREWER ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BREWER ECONOMIC DEVELOPMENT CORPORATION 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 BREWER ECONOMIC DEVELOPMENT CORPORATION 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 BREWER ECONOMIC DEVELOPMENT CORPORATION 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 BREWER ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names FRANK MCGUIRE.
- Who are the officers and directors of BREWER ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does BREWER ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $102,116, expenses of $16,549 and total assets of $749,989 at year end.
Other nonprofits in BREWER
- EASTERN MAINE HEALTHCARE SYSTEMS EIN 01-0211501 · last filed 990 for 2025
- EASTERN MAINE HEALTHCARE SYSTEMS EIN 01-0527066 · last filed 990 for 2025
- MERCY HOSPITAL EIN 01-0211534 · last filed 990 for 2025
- EASTERN MAINE HEALTHCARE SYSTEMS EIN 01-0372148 · last filed 990 for 2025
- MAINE COAST REGIONAL HEALTH FACILI DBA NORTHERN LIGHT MAINE COAST HOS EIN 01-0198331 · last filed 990 for 2025
- EASTERN MAINE HEALTHCARE SYSTEMS EIN 01-0459837 · last filed 990 for 2025
- EASTERN MAINE HEALTHCARE SYSTEMS EIN 84-3689003 · last filed 990 for 2025
- EASTERN MAINE HEALTHCARE SYSTEMS EIN 01-0263628 · last filed 990 for 2025