Nonprofit · EIN 23-7307277
BANGOR TARGET AREA DEVELOPMENT CORPORATION
Tax-exempt · BANGOR, ME 04402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $385,956 | $388,316 | -$2,360 | $1,575,248 | $210,222 | $1,365,026 |
| December 31, 2024 | 990 | $324,689 | $355,960 | -$31,271 | $1,629,291 | $235,842 | $1,393,449 |
| December 31, 2023 | 990 | $326,106 | $318,749 | $7,357 | $1,667,460 | $251,260 | $1,416,200 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $322,077
- Investment income
- $63,879
- Net gain from sales of assets
- $51,844
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $43,200
- Salaries, compensation and benefits (total)
- $46,937
- Professional fundraising fees
- $0
- Legal fees
- $6,305
- Depreciation
- $102,994
- Program services (functional)
- $357,472
- Management and general (functional)
- $30,844
Balance sheet and other
- Total assets, start of year
- $1,629,291
- Total assets, end of year
- $1,575,248
- Total liabilities, end of year
- $210,222
- Net assets, end of year
- $1,365,026
- Land, buildings and equipment
- $1,142,415
- Publicly traded securities
- $388,565
- Net assets without donor restrictions
- $1,365,026
- Gross receipts
- $435,442
- Employees
- 1
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY MCKAY | EXECUTIVE DIRECTOR Officer | 20 | $43,200 |
| EVAN RICHERT | DIRECTOR Trustee or director | 1 | $0 |
| JAKE WARD | DIRECTOR Trustee or director | 1 | $0 |
| TYLER COLLINS | TREASURER Trustee or director, Officer | 1 | $0 |
| EJ ROACH | DIRECTOR Trustee or director | 1 | $0 |
| STEVE BOLDUC | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MITCH STONE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN MACKAY | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN HAMMOND | DIRECTOR Trustee or director | 1 | $0 |
| MIKE PULLEN | DIRECTOR Trustee or director | 1 | $0 |
| KRISTI TRAFTON | CORPORATE CLERK Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY MCKAY | EXECUTIVE DIRECTOR Officer | 20 | $44,219 |
| EVAN RICHERT | DIRECTOR Trustee or director | 1 | $0 |
| JAKE WARD | DIRECTOR Trustee or director | 1 | $0 |
| TYLER COLLINS | DIRECTOR Trustee or director | 1 | $0 |
| EJ ROACH | DIRECTOR Trustee or director | 1 | $0 |
| STEVE BOLDUC | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MITCH STONE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN MACKAY | DIRECTOR Trustee or director | 1 | $0 |
| SNO BARRY | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER MORIN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE PULLEN | DIRECTOR Trustee or director | 1 | $0 |
| KRITI TRAFTON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY MCKAY | EXECUTIVE DIRECTOR Officer | 20 | $43,663 |
| EVAN RICHERT | DIRECTOR Trustee or director | 1 | $0 |
| JAKE WARD | DIRECTOR Trustee or director | 1 | $0 |
| RICK FOURNIER | TREASURER Trustee or director, Officer | 2 | $0 |
| CYNTHIA M MEHNERT | CORPORATE CLERK Trustee or director, Officer | 2 | $0 |
| STEVE BOLDUC | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MITCH STONE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SUSAN MACKAY | DIRECTOR Trustee or director | 1 | $0 |
| SNO BARRY | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA FARRELL | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER MORIN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE PULLEN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 262, BANGOR, ME 04402-0262
- Principal officer (990 for 2025)
- STEVE BOLDUC, 73 HARLOW ST, BANGOR, ME 04401
- Signed the 990
- STEVE BOLDUC, PRESIDENT
- Phone
- (207) 907-5099
- Return prepared by
- HAVERLOCK ESTEY & CURRAN LLC
Mission
PROMOTING INDUSTRY IN BANGOR
Program accomplishments
- RENTAL OF FACILITIES FOR INCUBATION OF INFORMATION TECHNOLOGY AND RESEARCH BUSINESSES.Expenses $357,472 · revenue $322,077
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 | 990 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
- 23-7307277
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,575,248
- Income (IRS master file)
- $435,442
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $385,956 | $388,316 | $1,575,248 | XML |
| 990 | December 2024 | $324,689 | $355,960 | $1,629,291 | XML |
| 990 | December 2023 | $326,106 | $318,749 | $1,667,460 | XML |
| 990 | December 2022 | $290,646 | $343,424 | $1,647,470 | 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 23-7307277).
Questions about BANGOR TARGET AREA DEVELOPMENT CORPORATION
- What is the EIN of BANGOR TARGET AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BANGOR TARGET AREA DEVELOPMENT CORPORATION is 23-7307277.
- Is BANGOR TARGET AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1974.
- Are donations to BANGOR TARGET AREA DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BANGOR TARGET AREA 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 BANGOR TARGET AREA DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANGOR TARGET AREA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BANGOR TARGET AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names STEVE BOLDUC.
- Who are the officers and directors of BANGOR TARGET AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $43,200 (RODNEY MCKAY, EXECUTIVE DIRECTOR).
- How much revenue does BANGOR TARGET AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $385,956, expenses of $388,316 and total assets of $1,575,248 at year end.
Other nonprofits in BANGOR
- PENOBSCOT COMMUNITY HEALTH CENTER EIN 01-0514750 · last filed 990 for 2024
- HUSSON UNIVERSITY EIN 01-0271210 · last filed 990 for 2025
- PENQUIS C A P INC EIN 01-6023748 · last filed 990 for 2025
- LIFEFLIGHT OF MAINE LLC EIN 01-0518516 · last filed 990 for 2025
- COMMUNITY HEALTH AND COUNSELING SERVICES EIN 01-0211483 · last filed 990 for 2025
- BANGOR YOUNG MENS CHRISTIAN ASSOCIATION EIN 01-0211485 · last filed 990 for 2025
- OHI EIN 01-0362709 · last filed 990 for 2025
- UNITED CEREBRAL PALSY OF NORTHEASTERN MAINE EIN 23-7193853 · last filed 990 for 2025