Moosehead Lake Region Economic Development Corp

Organization Overview

Moosehead Lake Region Economic Development Corp is located in Greenville, ME. The organization was established in 2015. 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. Moosehead Lake Region Economic Development Corp 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, Moosehead Lake Region Economic Development Corp generated $276.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $125.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PROMOTION OF THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC IN AND AROUND MOOSEHEAD LAKE, MAINE, THROUGH THE PROMOTION OF ECONOMIC DEVELOPMENT, FOSTERING ECONOMIC GROWTH AND FACILITATING JOB CREATION IN THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PROMOTION OF ECONOMIC DEVELOPMENT AND THE FACILITATION OF JOB CREATION AROUND THE MOOSEHEAD LAKE REGION IN THE STATE OF MAINE.


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Board, Officers & Key Employees

Name (title)Compensation
Donna Moreland
Secretary
$0
Eugene Murray
Treasurer
$0
Margarita Contrenti
President
$0
Woody Bartley
Vice President
$0
Karin Tilberg
Director
$0
Kevin Mcafee
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$163,929
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$163,929
Total Program Service Revenue$21,345
Investment income $22,779
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $67,999
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $262
Miscellaneous Revenue$0
Total Revenue $276,314

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Moosehead Lake Region Economic Development Corp has recieved totaling $20,000.

Awarding OrganizationAmount
Elmina B Sewall Foundation

Freeport, ME

PURPOSE: GENERAL OPERATING SUPPORT

$20,000
View Grant Recipient Profile

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