Greater Portland Economic Development Corporation
- Assets
- $18.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 01/2012
- Data as of
- 06/2022
- EIN
- 45-2014706
Organization Overview
Greater Portland Economic Development Corporation is located in Portland, ME. The organization was established in 2012. 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. Greater Portland Economic Development Corporation 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, Greater Portland Economic Development Corporation generated $9.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (68.6%) each year. All expenses for the organization totaled $1.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,151 |
| Total expenses | $1,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,164 |
| Other assets | $0 |
| Total assets | $18,164 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,164 |