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EIN 01-0472964

Southern Maine Finance Agency

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Biddeford
State
Maine
Year formed
1992
Most recent tax filings
2023-06-01
NTEE code, primary
S30: Economic Development
Description
To promote sustainable, long-term economic prosperity for the biddeford-saco Maine area. The corporation is a catalyst for cooperation, teamwork, and mutual success through the: (1) creation and retention of quality jobs for the people of biddeford-saco targeting the low to moderate income population and (2) development and promotion of policies, projects and programs that will accomodate and capture new investment in biddeford-saco. To promote sustainable, economic prosperity for the biddeford-saco Maine area.
Also known as...
Biddeford-Saco Area Economic Development Corporation
Total revenues
$719,081
2023
Total expenses
$757,888
2023
Total assets
$7,492,339
2023
Num. employees
5
2023

Program areas at Southern Maine Finance Agency

The corporation services loans made in prior years and made new loans to companies located in, and that provided jobs, within york county and the state of Maine.

Personnel at Southern Maine Finance Agency

NameTitleCompensation
William O. ArmitageExecutive Director$122,444
Troy HendricksonPortfolio Manager
Jan WilliamsBoard Chair / Chair / Treasurer$0
Lorraine BostonVice Chair / Vice - Chair / Chair / Vice President / Treasurer / Director$0
Rick OlsenTreasurer / Director$0
...and 5 more key personnel

Financials for Southern Maine Finance Agency

RevenuesFYE 06/2023
Total grants, contributions, etc.$157,948
Program services$524,318
Investment income and dividends$36,815
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
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$719,081

Form 990s for Southern Maine Finance Agency

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-09990View PDF
2022-062023-01-13990View PDF
2021-062022-05-16990View PDF
2020-062021-05-11990View PDF
2019-062021-02-05990View PDF
...and 9 more Form 990s
Data update history
July 20, 2024
Updated personnel
Identified 4 new personnel
July 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
20 Pomerleau St
Biddeford, ME 04005
Metro area
Portland-South Portland, ME
County
York County, ME
Website URL
smfamaine.org/ 
Phone
(207) 282-1748
IRS details
EIN
01-0472964
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1992
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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