Auburn Business Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237273463 ✦ Auburn, ME ✦ Designated as a 501(c)(4)

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Overview

What is Auburn Business Development Corporation?

The Auburn Business Development Corporation is a nonprofit organization situated in Auburn, Maine. Their primary mission lies in fostering business and economic growth within the city. More specifically, they strive to stimulate job creation by promoting industrial and commercial development and expansion in Auburn, Maine. Their activities extend beyond just job creation, as they actively work towards the development and betterment of the local business sector.

Is Auburn Business Development Corporation legitimate?

Auburn Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Auburn Business 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Auburn Business Development Corporation?

The Auburn Business Development Corporation strives to foster job creation by encouraging industrial and commercial development and expansion. Their primary objective is to stimulate business and economic growth within their sphere of influence. The corporation actively promotes and supports various business ventures, contributing to the overall economic development of their community.

Who is the CEO of Auburn Business Development Corporation?

Michelle Ritcheson Presi is the President of Auburn Business Development Corporation.

What is the revenue of Auburn Business Development Corporation?

Auburn Business Development Corporation's revenue in 2022 was $111,784.

Who are the executives of Auburn Business Development Corporation and what are their salaries?


Here are 11 key members and their salaries:


Paul Gardner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Cote (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Pierson Esq (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Rioux (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lunt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Murphy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darcie Beaudin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Tassanari (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Sellinger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Fletcher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Ritcheson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Auburn Business Development Corporation?

Auburn Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Auburn Business Development Corporation

Auburn Business Development Corporation, in its mission, is dedicated to fostering job creation in a proactive manner. The organization achieves this goal by stimulating industrial and commercial development, as well as expansion, within its realm. By doing so, Auburn Business Development Corporation contributes to the promotion of economic growth and development in the broader community.

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Impact




October, 2024

Auburn Business Development Corporation plays a vital role in promoting job creation and fostering economic growth in the city of Auburn, Maine. By stimulating industrial and commercial development and expansion, it enhances the local economy, which directly impacts employment opportunities for residents. The organization actively engages with businesses to support their growth, contributing to a more robust and sustainable community. Its efforts not only drive business investment but also improve the overall quality of life for Auburn's citizens through increased job availability and community revitalization initiatives. Through targeted initiatives, the corporation significantly influences the local economic landscape, ensuring a prosperous future for Auburn.




This information is meant to be a general summary of Auburn Business Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$111,784 (2022)
Expenses
$95,854 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $64,992
  • Program Service Revenue: $46,792
  • Gross Receipts: $111,784

Assets and Liabilities:

  • Total Assets: $998,000
  • Total Liabilities: $1,024,237
  • Net Assets: -$26,237

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GAIN ON DISCONTINUED O

Revenue

$46,792

Organization Details

Founding Year

1972

Principal Officer

Michelle Ritcheson Presi

Main Address

PO BOX 642, AUBURN, ME, 042120642

NTEE Category

Code: S31 - Community improvement

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