Eastern Maine Development Corporation

Organization Overview

Eastern Maine Development Corporation is located in Bangor, ME. The organization was established in 1994. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Eastern Maine Development Corporation employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Maine Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Eastern Maine Development Corporation generated $64.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $61.0m during the year ending 09/2021. While expenses have increased by 51.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINE PTAC PROGRAM THE FEDERAL PROCUREMENT TECHNICAL ASSISTANCE PROGRAM PTAP WAS SET UP UNDER TITLE 10, UNITED STATES CODE, CHAPTER 142 IN 1985. IT IS IMPLEMENTED IN MAINE THROUGH THE MAINE PROCUREMENT TECHNICAL ASSISTANCE CENTER PTAC. PTAC IS A STATEWIDE PROGRAM WHICH OFFERS PROCUREMENT TECHNICAL ASSISTANCE SERVICES TO MAINE BUSINESSES ON ISSUES RELATED TO GOVERNMENT CONTRACTING. DURING 2021, MAINE PTAC STAFF SPONSORED 52 OUTREACH EVENTS, INCLUDING TRAINING WORKSHOPS, AND PARTICIPATED IN 57 NON-SPONSORED OUTREACH EVENTS. THE PROGRAM ALSO PROVIDES ONE-ON-ONE COUNSELING AND A BID MATCH SERVICE TO THE 1,235 ACTIVE CLIENTS AND SUPPLIES THEM WITH RELEVANT INFORMATION ABOUT GOVERNMENT CONTRACTING THROUGH NEWSLETTERS, ONLINE TRAINING, SOCIAL MEDIA PLATFORMS AND A WEBSITE WWW.MAINEPTAC.ORG. CLIENTS ASSISTED BY THE MAINE PTAC HAVE REPORTED OVER 39,423 GOVERNMENT PRIME AND SUBCONTRACT AWARDS WORTH OVER 2.488 BILLION DURING 2021.


WORKFORCE SERVICES PROGRAM EMDC PROVIDED AN EXTENSIVE ARRAY OF WORKFORCE DEVELOPMENT SERVICES TO ECONOMICALLY DISADVANTAGED ADULTS, AT-RISK YOUTH, DISLOCATED WORKERS, SEASONAL AND MIGRANT FARMWORKERS AND INDIVIDUALS RE-ENTERING THE WORKFORCE FROM INCARCERATION AND/OR SUBSTANCE USE DISORDER RECOVERY SERVICES THROUGHOUT PENOBSCOT, PISCATAQUIS, WASHINGTON AND HANCOCK COUNTIES. EMDC INVESTED IN DIRECT WORKFORCE SERVICES TO 679 INDIVIDUALS THROUGH A NUMBER OF FUNDING PROGRAMS INCLUDING US DEPARTMENT OF LABORS WORKFORCE INNOVATION AND OPPORTUNITY ACT WIOA AND US DEPARTMENT OF LABORS NATIONAL DISLOCATED WORKER GRANT NDWG-OPIOID. THESE SERVICES ARE DELIVERED AT NO COST TO PARTICIPANTS WHO MEET THE ELIGIBILITY CRITERIA FOR THE FOLLOWING PROGRAMS AND INCLUDE OCCUPATIONAL SKILLS TRAINING, ON-THE-JOB TRAINING OJT, WORK EXPERIENCE, BASIC EDUCATION SKILLS, EMPLOYABILITY SERVICES AND SUPPORTIVE SERVICES.


BUSINESS LENDING PROGRAM EMDC HAS SEVERAL LOAN FUNDS AND OFFERS FINANCING FOR A WIDE VARIETY OF BUSINESS NEEDS, INCLUDING EQUIPMENT, REAL ESTATE, WORKING CAPITAL, BUSINESS ACQUISITION AND REFINANCING. THROUGH OUR LENDING PROGRAMS, EMDC OFFERS LOANS FROM 10,000 TO 5,000,000. SINCE THE INCEPTION OF THE PROGRAM IN THE EARLY 1980S, EMDC HAS DISBURSED OVER 92 MILLION TO OVER 861 COMPANIES, LEVERAGING OVER 281 MILLION IN OTHER PRIVATE AND PUBLIC FUNDS, WHILE CREATING AND/OR RETAINING OVER 8390 JOBS. IN FISCAL YEAR 2021, EMDC - PROVIDED 38 LOANS TO 36 BUSINESS -LOANED 5,076,100 -CREATED /RETAINED 242 JOBS - LEVERAGED AN ADDITIONAL 5,009,803 - PROVIDED CAPITAL IN 8 OF THE 16 COUNTIES OF MAINE


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Board, Officers & Key Employees

Name (title)Compensation
Lee Umphrey
President
$115,507
Dan Tremble
Chairman
$0
Sven Bartholomew
Vice Chair
$0
Scott Adkins
Secretary-Treasurer
$0
Edmond Bearor ESQ
Director
$0
Jerilyn M Bowers
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Campbell Environmental Consulting
Brownfields Consultant
$130,517
Elan
Brownfields Consultant
$111,543
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$84,671
Fundraising events$0
Related organizations$0
Government grants $63,020,848
All other contributions, gifts, grants, and similar amounts not included above$13,451
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$63,118,970
Total Program Service Revenue$892,787
Investment income $709
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $293,222
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $64,676,194

Grants Awarded

Over the last fiscal year, Eastern Maine Development Corporation has awarded $502,336 in support to 4 organizations.

Grant RecipientAmount

NORTHERN MAINE DEVELOPMENT COMMISSION

Org PageRecipient Profile

Caribou, ME

PURPOSE: PTAC pass-through grant

$270,700

SUNRISE COUNTY ECONOMIC COUNCIL

Org PageRecipient Profile

Machias, ME

PURPOSE: PTAC pass-through grant

$157,026

FOUR DIRECTIONS DEVELOPMENT CORPORATION

Org PageRecipient Profile

Orono, ME

PURPOSE: PTAC pass-through grant

$67,081

ASSOCIATION OF PROCUREMENT TECHNICAL ASSISTANCE CENTER

Org PageRecipient Profile

Gallatin, TN

PURPOSE: PTAC pass-through grant

$7,529
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Eastern Maine Development Corporation has recieved totaling $5,000.

Awarding OrganizationAmount
Harnum Family Foundation

Bangor, ME

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

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