Eastern Maine Development Corporation
Eastern Maine Development Corporation (EMDC) is a public charity based in Bangor, Maine. It provides economic development services to businesses, communities, and individuals in eastern Maine through business lending and advising, workforce development, community planning, and assistance with public and private funding.
Eastern Maine Development Corporation at a glance
- Total assets
- $13,156,721
- +11.9% vs 2024
- Revenue (2025)
- $12,893,217
- +22.4% vs 2024
- Expenses (2025)
- $12,304,777
- +21.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Eastern Maine Development Corporation
- Contact
Mailing address: 40 Harlow Street, Bangor, ME 04401
Phone: (207) 942-6389
Website: https://emdc.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Eastern Maine Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
77 grants across all recorded years
The most common grant size was under $50K: 64 grants of 77 (83%).
Geographic Focus
Where this funder awards grants
EMDC describes its work as serving eastern Maine. Its Economic Recovery Hub was created for Eastern Maine and Penobscot County and offered services to small businesses in six Maine counties. The organization’s 2024 filing describes workforce services in Penobscot, Piscataquis, Washington, and Hancock counties, and municipal planning assistance in Penobscot, Piscataquis, and some of Waldo County.
Grant Distribution by State
States
Cities
How Eastern Maine Development Corporation gives
- Giving grew 185% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $140K (2023) to $1.4M (2024). In 2024 it made 66 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Upstart Maine Inc Orono, ME | — | $98,750 |
| Maine Multicultural Center Brewer, ME | — | $98,750 |
| Four Directions Development Corp Orono, ME | — | $60,000 |
| NMDC Caibou, ME | — | $50,000 |
| Moosehead Lakeshore Journal Greenville, ME | — | $25,000 |
| Pro Weld Charlotte, ME | — | $25,000 |
| Bootleg Jerky Harrington, ME | — | $25,000 |
| Ranco Fisheries Walham, ME | — | $25,000 |
| The Village Kitchen Hermon, ME | — | $25,000 |
| Maine Camp Outfitters Sunset, ME | — | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $13,156,721 | $12,893,217 | $12,304,777 | — | — | — |
| 2024 | $11,762,497 | $10,533,418 | $10,111,339 | $1,432,621 | 66 | — |
| 2023 | $11,588,285 | $6,477,472 | $6,672,882 | $140,000 | 3 | $-762 |
| 2022 | $11,057,915 | $11,157,433 | $10,616,424 | $876,138 | 4 | $49 |
| 2021 | $11,518,769 | $64,676,194 | $61,045,869 | $502,336 | 4 | $293,931 |
| 2020 | $9,037,895 | $4,085,051 | $4,144,744 | $295,059 | 2 | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
EMDC’s stated mission is to provide educational and other economic development services to governments and businesses in eastern Maine. Its work includes municipal planning, business and community technical assistance, workforce services, and help with government contracting. The organization also provides loans and business advising, and supports communities with planning, infrastructure, resilience, and grant management.
EMDC’s website describes the Economic Recovery Hub as a program offering technical assistance, grants, and entrepreneurial training to eligible small businesses through partner organizations. A February 2025 announcement said EMDC had awarded more than $1 million in grants to small businesses through the program. The Hub page states that its application window is closed; the 2025 application period is past.
One reported recipient, UpStart Maine Inc., received $98,750 in 2024. UpStart Maine describes its mission as providing education and outreach and increasing public awareness in support of entrepreneurial programs in the Greater Bangor economic region to stimulate business innovation and entrepreneurship.
Grantmaking
IRS filing data reports 66 grants totaling $1,432,621 in 2024, an average of about $21,706 per grant. For 2023, it reports three grants totaling $140,000. The 2025 filing lists a grant count of zero. Separately, EMDC reported in February 2025 that it had awarded more than $1 million to small businesses through the Economic Recovery Hub. The Hub’s application window is now closed, and the announced 2025 application period has passed.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Dennis Damon as chairman, Elizabeth Russell as vice chair, and Laura Sanborn as secretary-treasurer. It lists Tim Pease, Denise M Buzzelli, Dr Steven R Cunningham, Michael Donahue, Wayne Erkkinen, James S Gillway, and Jarrod Guimond as directors. EMDC’s February 2025 announcement identifies Lee Umphrey as president and CEO.
Eastern Maine Development Corporation is led by Dennis Damon, Chairman since 2024 (on filings since 2020); none of the 16 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dennis Damon
Chairman
Director → Chairman, 2024
On filings since 2020
2 hrs/week
No compensation reported
Dan Tremble
Director
Chairman → Director, 2024
On filings since 2020
2 hrs/week
No compensation reported
Denise M Buzzelli
Director
On filings since 2020
2 hrs/week
No compensation reported
James S Gillway
Director
On filings since 2020
2 hrs/week
No compensation reported
Jarrod Guimond
Director
On filings since 2020
2 hrs/week
No compensation reported
Michael Donahue
Director
On filings since 2020
2 hrs/week
No compensation reported
Scott Adkins
Director
Secretary-Treasurer → Director, 2024
On filings since 2020
2 hrs/week
No compensation reported
Steven R Cunningham
Director
On filings since 2020
2 hrs/week
No compensation reported
Wayne Erkkinen
Director
On filings since 2020
2 hrs/week
No compensation reported
EJ Roach
Director
On filings since 2024
2 hrs/week
No compensation reported
Jessica Masse
Director
On filings since 2024
2 hrs/week
No compensation reported
Jose Saavedra
Director
On filings since 2024
2 hrs/week
No compensation reported
Patrick McGowan
Director
On filings since 2024
2 hrs/week
No compensation reported
Tim Pease
Director
On filings since 2024
2 hrs/week
No compensation reported
Laura Sanborn
Secretary-Treasurer
Director → Secretary-Treasurer, 2022
On filings since 2020
2 hrs/week
No compensation reported
Elizabeth Russell
Vice Chair
Director → Vice Chair, 2024
On filings since 2022
2 hrs/week
No compensation reported
Former officers (8)
- Former: Lee Umphrey (2020–2023) — President
- Former: Sven Bartholomew (2020–2023) — Director
- Former: Jean Mellett (2021–2023) — Director
- Former: Edmond Bearor Esq. (2020–2021) — Director
- Former: Jerilyn M Bowers (2020–2021) — Director
- Former: Richard Campbell (2020–2021) — Director
- Former: Susan Hammond (2020–2021) — Director
- Former: Lisa Larson (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Eastern Maine Development Corporation
How large is Eastern Maine Development Corporation?
Eastern Maine Development Corporation reported $13.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $12.9M.
What does Eastern Maine Development Corporation fund?
EMDC’s stated mission is to provide educational and other economic development services to governments and businesses in eastern Maine. Its work includes municipal planning, business and community technical assistance, workforce services, and help with government contracting. See mission & focus areas ↑
How do I apply for a grant from Eastern Maine Development Corporation?
Eastern Maine Development Corporation has no public application process in the sources Grantable reviewed. Check emdc.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Eastern Maine Development Corporation make grants?
EMDC describes its work as serving eastern Maine. Its Economic Recovery Hub was created for Eastern Maine and Penobscot County and offered services to small businesses in six Maine counties. The organization’s 2024 filing describes workforce services in Penobscot, Piscataquis, Washington, and Hancock counties, and municipal planning assistance in Penobscot, Piscataquis, and some of Waldo County.
What is Eastern Maine Development Corporation's EIN?
Eastern Maine Development Corporation's EIN (Employer Identification Number) is 01-0281875. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 7, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 8, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Eastern Maine Development Corporation funds
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Figures come from Eastern Maine Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Eastern Maine Development Corporation down — hundreds of funders to go?