Freeport Economic Development Corp
- Assets
- $78.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Freeport, ME
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 01-0376892
Organization Overview
Freeport Economic Development Corp is located in Freeport, ME. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport Economic Development Corp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Freeport Economic Development Corp generated $120.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $82.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION HAS DEVELOPED SPECIAL EVENTS, MARKETING BROCHURES, AND OTHER ADVERTISING TO MARKET THE TOWN OF FREEPORT AS A FAVORABLE BUSINESS LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Mcbride Executive Di | 40 | $53,788 | |
Dan Bacon Vice Preside | 1 | $0 | |
Mary Davis President | 1 | $0 | |
Candice Rinaldi Treasurer | 1 | $0 | |
Jason Sulham Director | 1 | $0 | |
Mark Malone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,827 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,837 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $69,065 |
| Professional fees and other payments to independent contractors | $609 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,520 |
| Total expenses | $82,194 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,903 |
| Other assets | $0 |
| Total assets | $78,730 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,730 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine State Chamber Of Commerce Augusta, ME | $923,733 | $2,213,591 |
Dartmouth Regional Technology Center Inc Lebanon, NH | $5,511,627 | $2,160,751 |
New England Apple Council Inc Goffstown, NH | $795,628 | $1,773,754 |
Maine Oil Dealers Association Brunswick, ME | $1,645,866 | $1,757,717 |
University Of Maine Pulp And Paper Foundation Orono, ME | $31,514,138 | $1,541,694 |
Pope Memorial Spca Of Concord Merrimack County Concord, NH | $5,304,139 | $1,435,100 |
New Hampshire Bankers Association Concord, NH | $1,878,135 | $1,082,708 |
Associated Builders And Contractors Inc Concord, NH | $1,404,762 | $1,170,910 |
Maine Automobile Dealers Association Inc Augusta, ME | $2,325,139 | $1,081,224 |
Greater Manchester Chamber Of Commerce Manchester, NH | $764,279 | $1,070,211 |
Hampton Beach Area Chamber Of Commerce Hampton, NH | $686,290 | $1,006,773 |
Greater Concord Chamber Of Commerce Concord, NH | $655,907 | $665,660 |