EIN 87-2102698

Medomak Exchange

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Waldoboro
State
Year formed
2021
Most recent tax filings
2023-12-01
Description
Medomak Exchange fosters community and charity in Waldoboro, ME, with thrift shop and food pantry support.
Total revenues
$209,658
2023
Total expenses
$110,368
2023
Total assets
$110,294
2023
Num. employees
4
2023

Program areas at Medomak Exchange

Waldoboro free clothing closet - receiving, cleaning, sorting, displaying all season, all ages clothing for local residents. In 2023, closet served 6368 individuals. Estimated volunteer hours 2300, consisting of 24 volunteers.
Medomak Exchange also provides space for the waldoboro food pantry to operate. In 2022 Medomak Exchange and food pantry volunteers constructed a walk in cooler. Medomak Exchange pays utilities, maintenance and other building expenses.
Good things thrift & craft shop - receiving, sorting, occasionally repairing, displaying, selling or distributing household items to local residents. Paid manager and assistant manager lead a team of volunteers. Leasehold improvements to site in 2022 included construction of a third garage bay and foundation for building expansion.

Personnel at Medomak Exchange

NameTitleCompensation
Lynne Hunter BeachAssistant Manager Good Things Thrift Craft$1,320
Teresa StredManager Good Things Thrift Craft Shop$11,080
Peggy DavisPresident$0
Mary Ann GuernseySecretary$0
Ron DavisTreasurer$0

Financials for Medomak Exchange

RevenuesFYE 12/2023
Total grants, contributions, etc.$58,583
Program services$23,298
Investment income and dividends$600
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,900
Net gain from sale of non-inventory assets$54,745
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$70,532
Miscellaneous revenues$0
Total revenues$209,658

Form 990s for Medomak Exchange

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-16990EZView PDF
Data update history
January 17, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 5, 2025
Used new vendors
Identified 1 new vendor, including
January 8, 2024
Posted financials
Added Form 990EZ for fiscal year 2022
January 7, 2024
Updated personnel
Identified 9 new personnel
June 2, 2022
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human servicesHunger
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
101 Butter PT
Waldoboro, ME 04572
County
Lincoln County, ME
Phone
(207) 841-3027
IRS details
EIN
87-2102698
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P20: Human Service Organizations
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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