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Eastern Maine Development Corporation

Eastern Maine Development Corporation

Bangor, ME, US
a.k.a EMDC
501(c)(3)
EIN
01-0281875
Regional Funder
Logo for "Eastern Maine Development Corporation"

Eastern Maine Development Corporation

Bangor, ME, US
a.k.a EMDC
501(c)(3)
EIN
01-0281875
Regional Funder

Overview

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Est.

1967

Fiscal Year Start

Oct 1

Organization Type

Grantseeker
AI Summary
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The Eastern Maine Development Corporation (EIN: 01-0281875) is dedicated to economic development, focusing on areas such as development finance, manufacturing, entrepreneurship, trade, and business promotion. With an operating budget of $10.1 million and total revenue of $10.5 million for the 2024 filing year, the organization is supported by significant funding from various sources, none of which constitute 50% or more of its revenue. More information can be found on their website at www.emdc.org.

Mission Statement

Economic Development
Revenues

$10.5M

Expenses

$10.1M

Net Income:
+$422.1K
Assets

$11.8M

Liabilities

$1.5M

Net Assets:
+$10.2M
Operating Budget

$10.1M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

3

Median grant size
$65K
Largest grant received
$100K
D
Denise M Buzzelli
Board Member
D
Dr Steven R Cunningham
Board Member
J
James S Gillway
Board Member

Frequently Asked Questions

What is Eastern Maine Development Corporation’s budget?
In 2024, Eastern Maine Development Corporation reported an annual operating budget of around $10.1 million. More detailed financial information is available to registered users.
What causes does Eastern Maine Development Corporation support?
Eastern Maine Development Corporation supports work in Business promotion, Entrepreneurship, Manufacturing, Trade, Economic development, and Development finance.
Where does Eastern Maine Development Corporation operate?
Eastern Maine Development Corporation is headquartered in Bangor, ME.
Who funded Eastern Maine Development Corporation recently?
In 2024, Eastern Maine Development Corporation received grants from The Miami Foundation, Elmina B. Sewall Foundation, and Maine Community Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant Eastern Maine Development Corporation received in 2024?
The largest grant to Eastern Maine Development Corporation in 2024 exceeds $100 thousand.
What is Eastern Maine Development Corporation’s reliance on government grants?
Eastern Maine Development Corporation relied on government grants for more than 85% of their total revenue in 2024.
Overview
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