EIN 22-2635303

Northern Maine Development Commission (NMDC)

Name: Northern Maine Development Commission (NMDC) financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Caribou

State

Maine

Year formed

1969

Most recent tax filings

2023-06-01

NTEE code, primary

S30: Economic Development

Description

The Northern Maine Development Commission (NMDC) is a membership organization comprised of participating communities and counties in the Aroostook Washington Economic Development District. NMDC provides federal and state services at the regional and local levels. The Commission also will continue its outreach to northern Maine communities and its efforts to work with those communities to create the capacity needed to support development. NMDC also provides management and support for Aroostook County Tourism (ACT), Aroostook Municipal Association (AMA), and Aroostook Partnership.

Total revenues

$12,637,728

2023

Total expenses

$4,030,581

2023

Total assets

$27,286,195

2023

Num. employees

2023

Program areas at NMDC

Other Grants- Various marketing and development grants which all enhance the image of Northern Maine, and to develop a strong agriculture and manufacturing business image. Beginning in FY21 this program also facilitated Maine Economic Recovery Grants to small businesses through the Coronavirus Relief Funds federal award program.

Revolving Loan Fund- Financing to local businesses involved in agriculture or manufacturing, to assist in the creation of jobs and strengthen the economy in Northern Maine.

Community Fund- Provides support for all the areas of program services to the Agency.

Grants made by NMDC

Grantee	Grant description	Grant year	Amount
Coastal Enterprises (CEI)	SBDC 20-21	2022-06	$20,037
Androscoggin Valley Council of Governments (AVCOG)	SBDC 20-21	2022-06	$6,679

Personnel at NMDC

Name	Title	Compensation	Date of data
Robert Clark	Executive Director	$152,510	2024-05-14
Shawn Manter	Finance Director		2023-08-29
David Spooner	Loan Officer and Business Development Director		2023-08-29
Josh Nadeau	Commercial Loan Officer		2023-08-29
Judy Dinsmore	Office Manager		2023-08-29
...and 14 more key personnel

Financials for NMDC

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$8,780,055	$25,140,487	-65.1%
Program services	$3,444,204	$1,424,909	141.7%
Investment income and dividends	$1,063	$2,352	-54.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$412,406	$1,300,422	-68.3%
Total revenues	$12,637,728	$27,868,170	-54.7%

Form 990s for NMDC

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-14	990	View PDF
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-10	990	View PDF
2020-06	2021-05-26	990	View PDF
2019-06	2020-12-10	990	View PDF
...and 9 more Form 990s

Organizations like NMDC

Organization	Type	Location	Revenue
Gretna Economic Development Assn	501(c)(3)	Gretna, LA	$5,086,166
Ridc of Southwestern Pennsylvania Growth Fund	501(c)(3)	Pittsburgh, PA	$16,116,168
Delaware Technology Park	501(c)(3)	Newark, DE	$5,204,019
The Economic Development Partnership of Alabama Foundation	501(c)(3)	Birmingham, AL	$7,073,213
Genesee Gateway Local Development Corporation	501(c)(3)	Batavia, NY	$3,383,567
Dauphin County Economic Development Corporation	501(c)(3)	Harrisburg, PA	$8,129,437
Partnership for Economic Development of York County	501(c)(3)	York, PA	$9,874,409
Fac Center Local Development Corporation	501(c)(3)	Brooklyn, NY	$3,338,292
Seneca Improvements Corporation	501(c)(3)	Seneca, SC	$3,221,808
Anna Economic Development Corporation	501(c)(3)	Anna, TX	$5,599,438

Data update history

July 21, 2024

Updated personnel

Identified 6 new personnel

July 17, 2024

Posted financials

Added Form 990 for fiscal year 2023

September 25, 2023

Received grants

Identified 1 new grant, including a grant for $142,020 from Eastern Maine Development Corporation

August 29, 2023

Updated personnel

Identified 5 new personnel

August 12, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Operates donor advised fundsState / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 11 W Presque Isle Rd; Caribou, ME 04736
County: Aroostook County, ME
Website URL: nmdc.org/
Phone: (207) 498-8736
Facebook page: NMDC2

IRS details

EIN: 22-2635303
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1969
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S30: Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Northern Maine Development Commission (NMDC)

Program areas at NMDC

Grants made by NMDC

Personnel at NMDC

Financials for NMDC

Form 990s for NMDC

Organizations like NMDC

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