Eastern Maine Development Corporation
Provide educational and other economic development services to governments and businesses in eastern Maine
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$11.8M
+1.5% YoY
Annual Giving
$1.4M
+923.3% YoY
Grant Count
66
+2100.0% YoY
Avg Grant Size
$22K
-53.5% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,762,497 | $11,588,285 | $11,057,915 |
| Revenue | $10,533,418 | $6,477,472 | $11,157,433 |
| Expenses | $10,111,339 | $6,672,882 | $10,616,424 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | $-762 | $49 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Eastern Maine Development Corporation fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dennis Damon | Chairman | 2 | — |
| Laura Sanborn | Secretary-Treasurer | 2 | — |
| Tim Pease | Director | 2 | — |
| Elizabeth Russell | Vice Chair | 2 | — |
| Denise M Buzzelli | Director | 2 | — |
| Dr Steven R Cunningham | Director | 2 | — |
| Michael Donahue | Director | 2 | — |
| Wayne Erkkinen | Director | 2 | — |
| James S Gillway | Director | 2 | — |
| Jarrod Guimond | Director | 2 | — |
| EJ Roach | Director | 2 | — |
| Scott Adkins | Director | 2 | — |
| Jessica Masse | Director | 2 | — |
| Patrick McGowan | Director | 2 | — |
| Dan Tremble | Director | 2 | — |
| Jose Saavedra | Director | 2 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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