EIN 01-0509118

Maine International Trade Center (MITC)

IRS 501(c) type
501(c)(3)
Num. employees
16
State
Year formed
1996
Most recent tax filings
2023-06-01
NTEE code, primary
Description
The Mission of the Maine International Trade Center to promote the expansion of Maine's economy through increased international trade in goods and services, and related activities.
Total revenues
$1,769,767
2023
Total expenses
$1,897,833
2023
Total assets
$2,065,967
2023
Num. employees
16
2023

Program areas at MITC

Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade partners and unique networking opportunities. Trade missions are particularly useful for first time exporters or companies having difficulty expanding into a particular country or market. The Trade Center arranges all details of the missions including transportation, translators, and business meetings.
Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the essentials in conducting international business or country/industry-specific regulations, to understanding the state and federal resources that are available for Maine's internationally active business.
Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade Center's staff is committed to providing quality information and practical advice in selecting markets for our members' products and services. There are a number of resources we have available to the public in our Portland Trade Library, and on our website where trade news and current export data is listed. We have extensive internet research capabilities and on-line database services along with internet reference guides that provide our members with timely information on foreign markets.
Trade Shows and International Conferences:The Trade Center offers group trips and discounts on overseas trade show space through its alliance with other government agencies. This is a convenient way for members to participate in overseas shows and display products internationally. The Maine International Trade Center also hosts international conferences and incoming delegations from overseas. Trade Center members enjoy opportunities to network with foreign buyers, commercial representatives and visiting dignitaries.

Grants made by MITC

GranteeGrant descriptionAmount
Maine Center for EntrepreneursTrade Show & International Conferences$7,485

Personnel at MITC

NameTitleCompensation
Wade MerrittPresident$0
Barbara RathsSecretary$0
Jason LundyTreasurer$0
Kevin TherrienChair$0
Adam KennedyVice Chair$0
...and 2 more key personnel

Financials for MITC

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,576,581
Program services$185,162
Investment income and dividends$224
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$7,800
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,769,767

Form 990s for MITC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-07990View PDF
2022-062023-03-09990View PDF
2021-062022-04-03990View PDF
2020-062021-05-25990View PDF
2019-062020-10-21990View PDF
...and 9 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 1 new personnel
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 23, 2021
Updated personnel
Identified 13 new personnel
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsResearch centersCharities
Issues
Science and technologyForeign affairsInternational developmentBusiness and industry
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
2 Portland Fish Pier 204
Portland, ME 04101
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
mitc.com/ 
Phone
(207) 541-7400
Facebook page
MaineInternationalTradeCenter 
Twitter profile
@meintltradectr 
IRS details
EIN
01-0509118
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
5416: Professional, Scientific, and Technical Services
Parent/child status
Independent
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