Mission
Provide educational and other economic development services to governments and businesses in eastern Maine
Public Charity
Eastern Maine Development Corporation
Eastern Maine Development Corporation is a Public Charity headquartered in Bangor, ME. Financial data from the 2025 filing: $12.9M revenue, $12.3M expenses, $13.2M total assets. 8 publicly reported grants to this organization, totaling roughly $743K, appear in IRS filings.
EIN: 010281875
Bangor, ME
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$12.9M
Total Expenses$12.3M
Total Assets$13.2M
Grant Records8
Funding Total$743K
Filing Years2021–2025
Where $100 goes at Eastern Maine Development Corporation
How Eastern Maine Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$93
Programs
the work itself
$7
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $93 for programs
$93
Municipal Planning The Municipal Planning Assistance Program MPAP was set up under the Maines Department of Agriculture Conservation and Forestry
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
PROGRAM SUPPORT
$100,000
Economic Development
$30,200
For grant recipient's exempt purposes
$12,325
Project support of the Blue Hill Co-op
$5,000
PUBLIC, SOCIETAL BENEFIT
$281,000
Showing up to 5 of 8 total records — full history available with membership.
Officers & Directors
Director
Dan Tremble
Director
Denise M Buzzelli
Chairman
Dennis Damon
Director
Dr Steven R Cunningham
Director
Ej Roach
Vice Chair
Elizabeth Russell
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $12.9M | $12.3M | $13.2M |
| 2024 | $10.5M | $10.1M | $11.8M |
| 2023 | $6.5M | $6.7M | $11.6M |
| 2022 | $11.2M | $10.6M | $11.1M |
| 2021 | $64.7M | $61.0M | $11.5M |
Between 2021 and 2025, reported annual revenue declined from $64.7M to $12.9M (-80%), with total assets most recently reported at $13.2M.
Interactive year-over-year charts and full filing details available with membership.