Nonprofit · EIN 87-2102698
MEDOMAK EXCHANGE
Tax-exempt · WALDOBORO, ME 04572
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $516,075 | $155,313 | $360,762 | $386,672 | $0 | $386,672 |
| December 31, 2023 | 990 | $209,658 | $110,368 | $99,290 | $110,294 | -$264 | $110,558 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $140,011
- Program service revenue
- $127,464
- Investment income
- $248,600
- Net gain from sales of assets
- $244,216
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $69,986
- Salaries, compensation and benefits (total)
- $75,790
- Professional fundraising fees
- $0
- Legal fees
- $650
- Accounting fees
- $6,823
- Occupancy
- $22,822
- Travel
- $2,366
- Depreciation
- $7,252
- Program services (functional)
- $148,203
- Management and general (functional)
- $7,110
Balance sheet and other
- Total assets, start of year
- $110,294
- Total assets, end of year
- $386,672
- Total liabilities, end of year
- $0
- Net assets, end of year
- $386,672
- Land, buildings and equipment
- $202,096
- Net assets without donor restrictions
- $383,693
- Net assets with donor restrictions
- $2,979
- Gross receipts
- $568,073
- Employees
- 6
- Volunteers
- 43
- Year formed
- 2021
- 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 |
|---|---|---|---|
| PEGGY DAVIS | PRESIDENT Trustee or director, Officer | 12 | $0 |
| RON DAVIS | TREASURER Trustee or director, Officer | 10 | $0 |
| PAM POST | SECRETARY Trustee or director, Officer | 3 | $0 |
| GALE HENRY | BOARD MEMBER Trustee or director | 3 | $0 |
| JAN VISSER | BOARD MEMBER Trustee or director | 2 | $0 |
| MARY BISCHOFF | BOARD MEMBER Trustee or director | 2 | $0 |
| JANN MINZY | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXA STARK | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PEGGY DAVIS | PRESIDENT Trustee or director, Officer | 12 | $0 |
| RHONDA COLLAMORE | VICE PRESIDE Trustee or director, Officer | 6 | $0 |
| RON DAVIS | TREASURER Trustee or director, Officer | 10 | $0 |
| MARY ANN GUERNSEY | SECRETARY Trustee or director, Officer | 2 | $0 |
| NANCY DUNCAN | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBORAH STOUT | BOARD MEMBER Trustee or director | 5 | $0 |
| JAN VISSER | BOARD MEMBER Trustee or director | 1 | $0 |
| MARY BISCHOFF | BOARD MEMBER Trustee or director | 1 | $0 |
| JANN MINZY | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 101 BUTTER PT, WALDOBORO, ME 04572-6143
- In care of
- % PEGGY DAVIS
- Mailing address (990-N for 2021)
- 101 Butter Point, Waldoboro ME 04572
- Principal officer (990 for 2024)
- PEGGY DAVIS
- Principal officer (990-N for 2021)
- Peggy P Davis, 101 Butter Point, Waldoboro ME 04572
- Signed the 990
- PEGGY DAVIS, PRESIDENT
- Phone
- (207) 841-3027
- Website
- WWW.MEDOMAKEXCHANGE.ORG
- Return prepared by
- RUNYON KERSTEEN OUELLETTE
Mission
MEDOMAK EXCHANGE VISION: A TOWN WHERE PEOPLE LIVE, WORK AND PLAY TOGETHER IN AND OUT OF THEIR NEIGHBORHOODS AND SOCIAL GROUPS - WHERE THERE'S A COMMON EFFORT FOR EVERYONE TO BE SEEN, HEARD, ABLE TO FEEL LIKE THEY BELONG, CAN CONTRIBUTE AND BE VALUED FOR THEIR CONTRIBUTION - A CULTURE WHERE KINDNESS, CREATIVITY AND GENEROSITY FLOW. THE SITE MANAGEMENT TEAM EXISTS TO DEVELOP AND MAINTAIN THE PHYSICAL SPACES OF MEDOMAK EXCHANGE (THE GOOD THINGS THRIFT & CRAFT SHOP, THE FREE CLOTHING CLOSET AND FOOD PANTRY BARN, AND THE MEDOMAK HOUSE) IN ALIGNMENT WITH THE OVERALL VISION, PROVIDING AN ENVIRONMENT FOR GATHERINGS, PROGRAMS AND ACTIVITIES WHICH ENCOURAGE SHARING AND BUILDING COMMUNITY RESILIENCE.
Program accomplishments
- THE PURPOSE OF THE WALDOBORO FREE CLOTHING CLOSET IS TWO-FOLD: TO OFFER THE COMMUNITY A DIGNIFIED, COST-FREE CLOTHES SHOPPING EXPERIENCE AND TO PROVIDE AN ENVIRONMENTALLY FRIENDLY OPTION FOR THE COMMUNITY TO DONATE STILL- WEARABLE CLOTHING FOR THOSE IN NEED. THE STORE CONTRIBUTES TO THE FINANCIAL, EMOTIONAL, PHYSICAL AND ENVIRONMENTAL WELL-BEING OF THE MIDCOAST MAINE COMMUNITY, AS WELL AS TO THE OVERALL GOALS OF MEDOMAK EXCHANGE, ITS SPONSORING ORGANIZATION.Expenses $7,410
- GOOD THINGS THRIFT & CRAFT SHOP EXISTS TO OFFER OUR COMMUNITY A FRIENDLY SHOPPING SPACE WHERE HOUSEHOLD GOODS AND FURNITURE ARE RECIRCULATED AFFORDABLY AND LOCAL ARTISANS ARE SUPPORTED BY HAVING RETAIL DISPLAY SPACE TO SELL THEIR CRAFTS. AS A PROGRAM OF MEDOMAK EXCHANGE, IT IS AN INTEGRAL PART OF THE LARGER VISION TO SHARE AND BUILD COMMUNITY RESILIENCE. ALL PROCEEDS GENERATED THROUGH GOOD THINGS GO TO MEDOMAK EXCHANGE FOR THE SUPPORT OF THE SHOP AND ITS OTHER PROGRAMS.Expenses $133,383 · revenue $127,464
- HOLDING SPACE FOR WALDOBORO ARE PEOPLE OF ALL INCOME LEVELS TO SHARE AND BUILD COMMUNITY RESILIENCE.Expenses $7,410
- THE MEDOMAK HOUSE: THE MEDOMAK HOUSE EXISTS TO BE A GATHERING SPACE FOR THE PEOPLE OF THE WALDOBORO AREA AND BEYOND TO CONNECT, SHARE AND BUILD COMMUNITY RESILIENCE. THROUGH MEETINGS, COURSES AND OCCASIONAL RETREATS, PROGRAMS WILL BE OFFERED TO EDUCATE AND EMPOWER PERSONS TO EXPRESS MORE STRONGLY AND EFFECTIVELY THEIR NATURAL CAPACITIES TO BE CREATIVE, GENEROUS AND KIND. SPACE WILL BE MADE AVAILABLE FOR MEETINGS OR COURSES BY OTHERS WHO SHARE A VISION OF STRENGTHENING BENEFICIAL COMMUNITY CONNECTIONS.
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
- 87-2102698
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P28)
- Assets (IRS master file)
- $386,672
- Income (IRS master file)
- $568,073
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $516,075 | $155,313 | $386,672 | XML |
| 990 | December 2023 | $209,658 | $110,368 | $110,294 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Peggy P Davis | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2102698).
Questions about MEDOMAK EXCHANGE
- What is the EIN of MEDOMAK EXCHANGE?
- The employer identification number (EIN) of MEDOMAK EXCHANGE is 87-2102698.
- Is MEDOMAK EXCHANGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MEDOMAK EXCHANGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDOMAK EXCHANGE 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 MEDOMAK EXCHANGE 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 MEDOMAK EXCHANGE 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 MEDOMAK EXCHANGE?
- The 990 for the year ended December 31, 2024 names PEGGY DAVIS.
- Who are the officers and directors of MEDOMAK EXCHANGE?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MEDOMAK EXCHANGE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $516,075, expenses of $155,313 and total assets of $386,672 at year end.
Other nonprofits in WALDOBORO
- WALDOBORO LIONS FOUNDATION EIN 46-1200251 · last filed 990-PF for 2023
- MIDCOAST CONSERVANCY EIN 22-2658964 · last filed 990 for 2025
- WALDO THEATER INC EIN 01-0459306 · last filed 990 for 2024
- COASTAL CHRISTIAN SCHOOL INC EIN 01-0373373 · last filed 990 for 2025
- WALDOBORO PUBLIC LIBRARY EIN 01-0329748 · last filed 990 for 2025
- LINNELL FOUNDATION EIN 04-2625173 · last filed 990-PF for 2024
- WALDOBORO FOOD PANTRY EIN 38-3985265 · last filed 990 for 2025
- MEDOMAK VALLEY ALL SPORTS BOOSTERS EIN 03-0451827 · last filed 990 for 2025