Nonprofit · EIN 23-7273463
AUBURN BUSINESS DEVELOPMENT CORP
Tax-exempt · AUBURN, ME 04212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $47,783 | $50,684 | -$2,901 | $93,389 | $82,750 | $10,639 |
| June 30, 2023 | 990 | $115,302 | $75,525 | $39,777 | $862,952 | $849,412 | $13,540 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $47,783
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $35
- Accounting fees
- $1,575
- Program services (functional)
- $47,724
- Management and general (functional)
- $2,960
Balance sheet and other
- Total assets, start of year
- $862,952
- Total assets, end of year
- $93,389
- Total liabilities, end of year
- $82,750
- Net assets, end of year
- $10,639
- Net assets without donor restrictions
- $10,639
- Gross receipts
- $47,783
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1972
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL GARDNER | BOARD MEMBER Trustee or director | 1 | $0 |
| DANIEL COTE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID PIERSON ESQ | BOARD MEMBER Trustee or director | 1 | $0 |
| BRUCE RIOUX | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE LUNT | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER MURPHY | BOARD MEMBER Trustee or director | 1 | $0 |
| DARCIE BEAUDIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID TASSANARI | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE SELLINGER | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE RITCHESON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KEVIN FLETCHER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL GARDNER | BOARD MEMBER Trustee or director | 1 | $0 |
| DANIEL COTE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID PIERSON ESQ | BOARD MEMBER Trustee or director | 1 | $0 |
| BRUCE RIOUX | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE LUNT | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER MURPHY | BOARD MEMBER Trustee or director | 1 | $0 |
| DARCIE BEAUDIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID TASSANARI | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE SELLINGER | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE RITCHESON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KEVIN FLETCHER | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 642, AUBURN, ME 04212-0642
- Mailing address (990-N for 2025)
- PO BOX 642, AUBURN ME 042120642
- Principal officer (990 for 2023)
- MICHELLE RITCHESON PRESI, PO BOX 642, AUBURN, ME 042120642
- Principal officer (990-N for 2025)
- MICHELLE RITCHESON PRESIDENT, PO BOX 642, AUBURN ME 042120642
- Signed the 990
- MICHELLE RITCHESON PRESIDENT, BOARD OF DIRECTORS
- Phone
- (207) 784-0161
- Return prepared by
- AUSTIN ASSOCIATES PA CPA'S
Mission
TO PROMOTE JOB CREATION BY STIMULATING INDUSTRIAL AND COMMERCIAL DEVELOPMENT AND EXPANSION IN THE CITY OF AUBURN, MAINE.
Program accomplishments
- PROMOTED BUSINESS AND ECONOMIC DEVELOPMENT IN THE CITY OF AUBURN, MAINEExpenses $47,724 · revenue $47,724
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990-N on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990-N on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7273463
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: MICHELLE RITCHESON PRESIDENT | June 30, 2026 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: MICHELLE RITCHESON PRESIDENT | June 30, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | June 2024 | $47,783 | $50,684 | $93,389 | IRS |
| 990 | June 2023 | $115,302 | $75,525 | $862,952 | XML |
| 990 | June 2022 | $111,784 | $95,854 | $998,000 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-7273463).
Questions about AUBURN BUSINESS DEVELOPMENT CORP
- What is the EIN of AUBURN BUSINESS DEVELOPMENT CORP?
- The employer identification number (EIN) of AUBURN BUSINESS DEVELOPMENT CORP is 23-7273463.
- Is AUBURN BUSINESS DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1973.
- Are donations to AUBURN BUSINESS DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AUBURN BUSINESS DEVELOPMENT CORP file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of AUBURN BUSINESS DEVELOPMENT CORP due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AUBURN BUSINESS DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended June 30, 2026.
- Who is the principal officer of AUBURN BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2024 names MICHELLE RITCHESON PRESI.
- Who are the officers and directors of AUBURN BUSINESS DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does AUBURN BUSINESS DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $47,783, expenses of $50,684 and total assets of $93,389 at year end.
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