Nonprofit · EIN 45-2014706
GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION
Also known as GPEDC
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $6 | $1,211 | -$1,205 | $13,662 | $0 | $13,662 |
| June 30, 2024 | 990-EZ | $7 | $1,786 | -$1,779 | $14,867 | $0 | $14,867 |
| June 30, 2023 | 990-EZ | $8 | $1,526 | -$1,518 | $16,646 | $0 | $16,646 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Investment income
- $6
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $235
- Other expenses
- $976
Balance sheet and other
- Total assets, start of year
- $14,867
- Total assets, end of year
- $13,662
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,662
- Cash, savings and investments
- $13,662
- Gross receipts
- $6
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY WATSON | TREASURERSECRETARY | 0.5 | $0 |
| ADAM CAUSEY - FALMOUTH | BOARD MEMBER | 0 | $0 |
| KAREN MARTIN - SCARBOROUGH | PRESIDENT | 0.5 | $0 |
| MICHAEL MCGOVERN - CAPE ELIZABETH | BOARD MEMBER | 0 | $0 |
990-EZ for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY WATSON | TREASURERSECRETARY | 0.5 | $0 |
| ADAM CAUSEY - FALMOUTH | BOARD MEMBER | 0 | $0 |
| KAREN MARTIN - SCARBOROUGH | PRESIDENT | 0.5 | $0 |
| MICHAEL MCGOVERN - CAPE ELIZABETH | BOARD MEMBER | 0 | $0 |
| WILLIAM MANN - SOUTH PORTLAND | BOARD MEMBER | 0 | $0 |
| DANIEL STEVENSON - WESTBROOK | BOARD MEMBER | 0 | $0 |
990-EZ for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY MITCHELL - PORTLAND | PRESIDENT | 0.5 | $0 |
| THEO HOLTWIJK - FALMOUTH | DIRECTOR | 0 | $0 |
| KAREN MARTIN - SCARBOROUGH | SECRETARY-TREASURER | 0.5 | $0 |
| MATTHEW STURGIS - CAPE ELIZABETH | BOARD MEMBER | 0 | $0 |
| WILLIAM MANN - SOUTH PORTLAND | BOARD MEMBER | 0 | $0 |
| DANIEL STEVENSON - WESTBROOK | BOARD MEMBER | 0 | $0 |
| LORI PAULETTE | BOARD MEMBER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 389 CONGRESS STREET, PORTLAND, ME 04101-3566
- In care of
- % GREGORY WATSON
- Signed the 990-EZ
- GREGORY WATSON, TREASURERSECRETARY
- Website
- WWW.GPEDC.ORG
- Return prepared by
- Eshelman Accounting Services PA
Mission
SEE SCHEDULE O
Program accomplishments
- ATTRACTION AND BRANDING: CONTINUE TO MARKET THE GPEDC REGION THROUGH THE GPEDC WEB SITE AND USE OF REGION MARKETING MATERIALS
- BUSINESS RETENTION/EXPANSION: CONTINUE THE BUSINESS VISITATION PROGRAM IN THE REGION TO DETERMINE EXISTING BUSINESS NEEDS TO SUPPORT BUSINESS GROWTH AND JOB CREATION
- ENTERPRISE DEVELOPMENT: SUPPORT NEW BUSINESS ESTABLISHMENT BY CONNECTING BUSINESSES TO BUSINESS COUNSELING AND TECHNICAL ASSISTANCE, FINANCING AND WORKFORCE DEV PROGRAMS
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 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-2014706
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $13,662
- Income (IRS master file)
- $6
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $6 | $1,211 | $13,662 | IRS |
| 990-EZ | June 2024 | $7 | $1,786 | $14,867 | IRS |
| 990-EZ | June 2023 | $8 | $1,526 | $16,646 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 45-2014706).
Questions about GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION is 45-2014706.
- Is GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2012.
- Are donations to GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION 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 GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does GREATER PORTLAND ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $6, expenses of $1,211 and total assets of $13,662 at year end.
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All nonprofits in PORTLAND · Maine · Community improvement and capacity building