Overview
What is Eastern Maine Development Corporation?
Eastern Maine Development Corporation is a vital nonprofit organization situated in Bangor, Maine. Primarily, they oversee the Maine Procurement Technical Assistance Center (PTAC), an initiative under the Federal Procurement Technical Assistance Program (PTAP), established in 1985. Their mission is to offer procurement technical assistance services to businesses in Maine, aiding them in navigating government contracting issues. In 2021, they organized 52 outreach events, including workshops, and participated in 57 additional events. They provide one-on-one counseling, a Bid Match service, and disseminate relevant information through various channels such as newsletters, online training, and their website. The impact of their assistance is significant, with their clients reporting over 39,423 government prime and subcontract awards worth over 2.488 billion during 2021. Overall, Eastern Maine Development Corporation plays a crucial role in fostering economic growth by supporting Maine businesses in government contracting.
Official website here: www.emdc.org
Is Eastern Maine Development Corporation legitimate?
Eastern Maine Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Maine Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,428,923
For more financial information, click here
What is the mission statement of Eastern Maine Development Corporation?
The Eastern Maine Development Corporation's mission is centered around economic development. They provide educational and other related services to both governments and businesses within their realm. Specifically, they oversee the Maine Procurement Technical Assistance Center (PTAC), which offers procurement technical assistance to Maine businesses regarding government contracting issues. In 2021, the PTAC program conducted 52 outreach events, participated in 57 non-sponsored events, and provided one-on-one counseling, a Bid Match service, and relevant information to over 1,235 active clients. These clients have reported significant success in securing government contracts, totaling over 2.488 billion in prime and subcontract awards during the same year.
Official website here: www.emdc.org
Who is the CEO of Eastern Maine Development Corporation?
Lee Umphrey is the Chairman of Eastern Maine Development Corporation.
Official website here: www.emdc.org
What is the revenue of Eastern Maine Development Corporation?
Eastern Maine Development Corporation's revenue in 2022 was $11,157,433.
Official website here: www.emdc.org
Who are the executives of Eastern Maine Development Corporation and what are their salaries?
The average compensation at Eastern Maine Development Corporation during 2022 was $14,288. There are 170 employees and 25 volunteers at Eastern Maine Development Corporation.
Here are 13 key members and their salaries:
- Dan Tremble (Chairman) [Trustee/Director]
- Laura Sanborn (Secretary-Treasurer) [Trustee/Director]
- Sven Bartholomew (Director)
- Elizabeth Russell (Director)
- Denise M Buzzelli (Director)
- Dr Steven R Cunningham (Director)
- Dennis Damon (Director)
- Michael Donahue (Director)
- Wayne Erkkinen (Director)
- James S Gillway (Director)
- Jarrod Guimond (Director)
- Jean Mellett (Director)
- Lee Umphrey (President)
Official website here: www.emdc.org
Where can I find the form 990 for Eastern Maine Development Corporation?
The Eastern Maine Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.emdc.org
Learn more at the official website: www.emdc.org
Mission Statement of Eastern Maine Development Corporation
Eastern Maine Development Corporation, abbreviated as EMDC, is an organization dedicated to economic development. Its mission is to provide educational and various other services to both governments and businesses in the eastern region of Maine. To accomplish this, EMDC implements the Federal Procurement Technical Assistance Program, known as Maine PTAC, which offers assistance related to government contracting. The program, established under Title 10, United States Code, Chapter 142 in 1985, offers various resources such as training workshops, one-on-one counseling, a Bid Match service, and relevant information about government contracting through newsletters, online training, social media platforms, and a website. In 2021, the program sponsored 52 outreach events and participated in 57 non-sponsored events, assisting 1,235 active clients with over 39,423 government prime and subcontract awards worth over 2.488 billion. By offering these services, EMDC aims to support the growth and success of businesses and governments in eastern Maine.
Impact
This information is meant to be a general summary of Eastern Maine Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Eastern Maine Development Corporation's impact is clearly demonstrated through the Maine PTAC program. This initiative, aimed at helping Maine businesses navigate government contracting, has been instrumental in providing procurement technical assistance services to numerous businesses. The program has facilitated outreach events, training workshops, and one-on-one counseling sessions, resulting in significant government prime and subcontract awards totaling over $2.488 billion in 2021. By offering these critical services, Eastern Maine Development Corporation is actively contributing to the economic development and growth of businesses in eastern Maine.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contracts
Revenue
$253,451
Interest Loan Fees
Revenue
$537,181
Rent Income
Revenue
$2,294
Loan Recoveries
Revenue
$187,135
Organization Details
Founding Year
1967
Phone
(207) 942-6389
Principal Officer
Lee Umphrey
Main Address
40 Harlow Street, Bangor, ME, 04401
Website
www.emdc.org
NTEE Category
Code: S300 - Community improvement
If you are a representative of Eastern Maine Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.