Fairfield Economic Development Corporation in Fairfield, Maine (ME)
Table of contents:
| Fairfield Economic Development Corporation | |
| Employer Identification Number (EIN) | 043380096 |
| Name of Organization | Fairfield Economic Development Corporation |
| In Care of Name | Paul Tessier |
| Address | 19 Lawrence Ave, Fairfield, ME 04937 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Business promotion (chamber of commerce, business league, etc.), Attracting new industry or retaining industry in an area |
| Subsection | Charitable Organization |
| Ruling Date | 07/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2010 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $8,752 |
| Amount of Income | $7,321 |
| Form 990 Revenue Amount | $7,321 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2010: $7,321 (it was $7,321 in 2011)
| Fairfield Economic Development Corporation: | $7,321 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2010: $8,752 (it was $8,752 in 2011)
| Fairfield Economic Development Corporation: | $8,752 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2011: $10,525
| Fairfield Economic Development Corporation: | $10,525 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2011: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 0.0%
| Fairfield Economic Development Corporation: | 0.0% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $7,321 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $7,305 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $16 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $10,525 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $10,525 |
| Balance Sheet (for 2011) | |
| Total assets | $8,752 |
| Total liabilities | $1,420,858 |
| Tax-exempt bond liabilities | $1,345,179 |
| Secured mortgages and notes payable to unrelated third parties | $75,679 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Total net assets or fund balances | $-1,412,106 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $32,023 |
| Gifts, grants, contributions, and membership fees received | $22,362 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $9,661 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | Indian Township Passamaquoddy Development Agency | PO BOX 301, Princeton, ME 04668-0301 | ME | 2014-07 | $336,850 |
| 3 | The Downeast Heritage Museum | 39 Union St, Calais, ME 04619-1819 | ME | 1999-03 | $319,453 |
| 4 | Creative Portland Corporation | 142 High St Ste 201, Portland, ME 04101-5807 | ME | 2010-05 | $236,413 |
| 5 | Foundation For A Strong Maine Economy | 125 Community Drive, Augusta, ME 04330-8156 | ME | 2014-08 | $146,050 |
| 6 | Cei Investment Notes Inc | PO BOX 268 36 WATER ST, Wiscasset, ME 04578 | ME | 2008-09 | $97,944 |
| 7 | Thomas M Teague Biotechnology Center Of Maine Corporation | 19 Lawrence Ave, Fairfield, ME 04937-1220 | ME | 2004-05 | $58,146 |
| 8 | Waterville Development Corporation | 44 Elm Street, Waterville, ME 04901 | ME | 2004-03 | $20,000 |
| 9 | Us Kenya Somalia Cross Border Traders Association | P O Box 7255, Lewiston, ME 04243 | ME | 2014-02 | $7,705 |
| 10 | Greater Portland Economic Development Corporation, Gpedc | 443 Congress Street, Portland, ME 04101-3531 | ME | 2012-01 | $167 |
| 11 | Altrupreneurial Leadership Center Of North America | 32 Route 1, Robbinston, ME 04667 | ME | 2012-02 | $0 |
| 12 | Bowndoinham Community Development Initiative-Bodi | 182 Ridge Rd, Bowdoinham, ME 04008 | ME | 2013-11 | $0 |
| 13 | Brewer Development Corporation | 120 N Main St, Brewer, ME 04412-2012 | ME | 2014-07 | $0 |
| 14 | Bridgton Economic Development Corporation | Po Box 130, Bridgton, ME 04009 | ME | 2011-08 | $0 |
| 15 | Calais Downtown Revitalization Coalition | 195 Main St, Calais, ME 04619 | ME | 2013-11 | $0 |
| 16 | Castine Community Partners Inc | Po Box 32, Castine, ME 04421 | ME | 2012-10 | $0 |
| 17 | Ellsworth Business Development Corporation | 1 City Hall Plz, Ellsworth, ME 04605-1942 | ME | 2014-12 | $0 |
| 18 | Indian Township Development Authority Inc | PO BOX 301, Princeton, ME 04668-0301 | ME | 2005-03 | $0 |
| 19 | Knox Waldo Regional Economic Development Council | 424 Winthrop St, Hallowell, ME 04347-3032 | ME | 2011-04 | $0 |
| 20 | Lake Region Development Council | Po Box 236, Bridgton, ME 04009 | ME | 2002-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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