Piscataquis County Economic Development Council
- Assets
- $741.8k
- Revenue
- $245.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Dover Foxcroft, ME
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 01-0521521
Organization Overview
Piscataquis County Economic Development Council is located in Dover Foxcroft, ME. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Piscataquis County Economic Development Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piscataquis County Economic Development Council is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Piscataquis County Economic Development Council generated $245.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $192.9k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ECONOMIC DEVELOPMENT AND GENERATING JOBS IN PISCATAQUIS COUNTY, MAINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS ATTRACTION AND RETENTION BY ASSISTING BUSINESSES TO STAY COMPETITIVE AND EXPAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Shea Executive Director | Officer | 40 | $54,000 |
Thelma Reagan Secretary | OfficerTrustee | 1 | $0 |
Lucas Butler Vice President/treasurer | OfficerTrustee | 1 | $0 |
Denise Buzzelli President | OfficerTrustee | 1 | $0 |
Tom Goullette Director | Trustee | 1 | $0 |
James Macomber Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,005 |
| Total Program Service Revenue | $37,521 |
| Investment income | $100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,571 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,044 |
| Payroll taxes | $4,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160 |
| Fees for services: Accounting | $5,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $411 |
| Office expenses | $4,202 |
| Information technology | $915 |
| Royalties | $0 |
| Occupancy | $6,750 |
| Travel | $1,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,040 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,236 |
| Insurance | $4,283 |
| All other expenses | $1,443 |
| Total functional expenses | $192,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $335,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $741,779 |
| Accounts payable and accrued expenses | $17,698 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,698 |
| Net assets without donor restrictions | $625,614 |
| Net assets with donor restrictions | $98,467 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $741,779 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Piscataquis County Economic Development Council has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Harry E Davis Partnership For Childrens Oral Health Yarmouth, ME PURPOSE: Funding to develop an oral health profile for Piscaquis County | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monadnock Economic Development Corporation Keene, NH | $44,564,780 | $2,525,403 |
Sunrise County Economic Council Machias, ME | $3,070,902 | $3,332,067 |
Mount Desert 365 Northeast Harbor, ME | $10,254,728 | $159,519 |
Scarborough Economic Development Corp Scarborough, ME | $55,641 | $261,794 |
Piscataquis County Economic Development Council Dover Foxcroft, ME | $741,779 | $245,939 |
New Hampshire Alliance Of Regional Development Corporations Inc Conway, NH | $15,527 | $192,249 |
Friends Of Congress Square Park Portland, ME | $324,204 | $332,794 |
Alpha Loft Manchester, NH | $17,481 | $56,639 |
Colebrook Downtown Development Associatioon Inc Colebrook, NH | $0 | -$123,112 |
Keene Downtown Housing Corporation Keene, NH | $654,446 | $3,885 |
Newmarket Community Development Corp Newmarket, NH | $852,183 | $49,933 |
Greater Keene Chamber Of Commerce Foundation Keene, NH | $72,794 | $63,500 |