Mid-Coast Economic Development Council is located in Wiscasset, ME. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Mid-Coast Economic Development Council 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 undefined, Mid-Coast Economic Development Council generated $167.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $170.0k during the year ending undefined. While expenses have increased by 5.1% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
REGIONAL MARKETING & TOURISM PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patricia Cloutier Treasurer | 2 | $0 | |
Cory King President | 3 | $0 | |
Tom Peaco Vice President | 2 | $0 | |
Ralph G Harvey Secretary | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $167,233 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $15 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $167,248 |
Statement of Expenses | |
---|---|
Total expenses | $170,013 |
Balance Sheet | |
---|---|
Total assets | $107,416 |
Total liabilities | $55,169 |
Net assets or fund balances | $52,247 |