Industrial Development Corporation of Sanford
Development Corporation which has developed and manages a business park in Sanford. Works to recruite new companies to located in the business park.
Industrial Development Corporation of Sanford at a glance
In short: Industrial Development Corporation of Sanford gave $25K across 1 grant in 2024 (avg $25K), mostly in Maine. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $25,000
- +0.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $25,000
- +0.0% vs 2023
- Median grant
- $25,000
- Total assets
- $5,251,629
- +13.5% vs 2023
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Industrial Development Corporation of Sanford funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was City of Sanford Maine ($25K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Industrial Development Corporation of Sanford gives
- Giving grew 25% 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 $20K (2021) to $30K (2020). In 2024 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Sanford Maine Sanford, ME | Support SREGC | $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 |
|---|---|---|---|---|---|---|
| 2024 | $5,251,629 | $138,754 | $40,233 | $25,000 | 1 | $106,766 |
| 2023 | $4,625,739 | $102,452 | $37,485 | $25,000 | 1 | $102,452 |
| 2022 | $4,325,911 | $100,870 | $31,810 | $20,000 | 1 | $100,870 |
| 2021 | $4,575,365 | $97,729 | $34,148 | $20,000 | 1 | $97,729 |
| 2020 | $3,779,168 | $95,007 | $38,466 | $30,000 | 1 | $80,007 |
About Industrial Development Corporation of Sanford
Based on IRS filings
Industrial Development Corporation of Sanford is a public charity focused on Community Improvement & Capacity Building, based in Sanford, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $107K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Industrial Development Corporation of Sanford is led by David Nickerson, President since 2024 (on filings since 2020); none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Nickerson
President
Director → President, 2024
On filings since 2020
4 hrs/week
No compensation reported
David Jagger
Director
On filings since 2020
No compensation reported
Gordon Collins
Director
On filings since 2020
No compensation reported
Michael Ralston
Director
Vice President → Director, 2024
On filings since 2020
No compensation reported
Robert I Hardison
Director
President → Director, 2024
On filings since 2020
No compensation reported
Ted Hissong
Director
On filings since 2020
No compensation reported
Alex Shain
Director
New on the 2024 filing
No compensation reported
Edward J Titcomb
Secretary
On filings since 2020
1 hr/week
No compensation reported
Gwen Bedell Gadbois
Treasurer
On filings since 2020
4 hrs/week
No compensation reported
Allison Navia
Vice President
Director → Vice President, 2024
On filings since 2021
2 hrs/week
No compensation reported
Former officers (2)
- Former: Tom Cote (2022–2023) — Director
- Former: Richard Shaw (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 Industrial Development Corporation of Sanford
How much does Industrial Development Corporation of Sanford give each year?
Industrial Development Corporation of Sanford gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $25K across 1 grant.
How large is Industrial Development Corporation of Sanford?
Industrial Development Corporation of Sanford reported $5.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $139K.
What is Industrial Development Corporation of Sanford?
Industrial Development Corporation of Sanford is a public charity focused on Community Improvement & Capacity Building, based in Sanford, ME. It holds $5.3M in total assets as of 2024.
Where does Industrial Development Corporation of Sanford operate?
Industrial Development Corporation of Sanford has awarded grants in Maine.
What is Industrial Development Corporation of Sanford's EIN?
Industrial Development Corporation of Sanford's EIN (Employer Identification Number) is 01-6019454. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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