{"success":true,"data":{"_id":10535770,"filings":[{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"Leasing a 55,000 square foot office building to a major corporation, which has created significant employment opportunities within the greater orono area.","year":2011,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2011-07-01T00:00:00","tax_period_end":"2012-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":15,"Number of independent voting members":15,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":477266,"Contributions":{"value":0},"Program revenue":{"value":413401,"Total revenue":413401},"Investment income":{"value":3865,"Investment income total":3865},"Other revenues":{"value":60000,"Other total":60000}},"Expenses":{"value":328808,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":328808,"Legal":460,"Accounting":1381,"Occupancy":2701,"Interest":190006,"Depreciation and depletion":133926,"Itemized Expenses":{"value":334,"VARIOUS":334}}},"Assets":{"value":4955392,"Savings and temp cash investments":168205,"Land, building, equipment":4171246,"Other assets":615941},"Liabilities":{"value":3899226,"Accounts payable, accrued":14226,"Secured mortgages and notes payable":3885000},"Fund balance":{"value":1056166},"Form990Details":{"program_service_accomplishments":[{"description":"LEASING A 55,000 SQUARE FOOT OFFICE BUILDING TO A MAJOR CORPORATION, WHICH HAS CREATED SIGNIFICANT EMPLOYMENT OPPORTUNITIES WITHIN THE GREATER ORONO AREA.","expense":328808}],"program_service_revenue_detail":[{"description":"BUSINESS RENT","total_revenue":413401,"related_or_exempt_function_income":413401}],"functional_expense_allocations":{"legal_fees":{"program_services":460,"total":460},"accounting_fees":{"program_services":1381,"total":1381},"occupancy":{"program_services":2701,"total":2701},"interest":{"program_services":190006,"total":190006},"depreciation_depletion":{"program_services":133926,"total":133926}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"backup_withholding_compliance":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_are_in_care_of":{"person_name":"ROBERT BASS","phone":"2079447554","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true}]},"ScheduleB":{"attached":false,"required":false},"ScheduleD":{"donor_advised_funds":{"disclosed_organization_legal_control":false,"disclosed_for_charitable_purposes":false},"conservation_easements":{"written_policy_monitoring":false,"section_170h_requirements_satisfied":false},"collections":{"solicited_assets_sale":false},"escrow_accounts":{"agent_trustee_etc":false,"included_on_financial_statements":false},"endowment_funds":{"held_by_unrelated_organizations":false,"held_by_related_organizations":false,"related_organizations_listed_schedule_r":false},"land_buildings_equipment":{"land":{"other_cost_or_other_basis":492360,"book_value":492360},"buildings":{"other_cost_or_other_basis":5223113,"book_value":3678886,"depreciation":1544227},"total_book_value":4171246},"other_assets":{"assets":[{"description":"LOAN ESCROW","book_value":615941}],"total_book_value":615941}},"source_xml":"201321359349303872_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"Leasing a 55,000 square foot office building to a major corporation, which has created significant employment opportunities within the greater orono area.","year":2013,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2013-07-01T00:00:00","tax_period_end":"2014-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":14,"Number of independent voting members":14,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":514673,"Contributions":{"value":0},"Program revenue":{"value":509078,"Total revenue":509078},"Investment income":{"value":1595,"Investment income total":1595},"Other revenues":{"value":4000,"Other total":4000}},"Expenses":{"value":314076,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":314076,"Legal":1097,"Accounting":1555,"Interest":170145,"Depreciation and depletion":133926,"Insurance":2362,"Itemized Expenses":{"value":4956,"ECONOMIC EVENT COSTS":3648,"ENGINEERING FEES":1051,"WEB HOSTING SERVICES":179,"POSTAGE":78},"All other expenses":35},"Functional Expenses":{"Program Service Expenses":314076,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":4690887,"Savings and temp cash investments":155785,"Accounts receivable":13758,"Land, building, equipment":3903394,"Other assets":617950},"Liabilities":{"value":3244955,"Secured mortgages and notes payable":3230000,"Other liabilities":14955},"Fund balance":{"value":1445932,"Unrestricted net assets":1445932},"Form990Details":{"program_service_accomplishments":[{"description":"LEASING A 55,000 SQUARE FOOT OFFICE BUILDING TO A MAJOR CORPORATION, WHICH HAS CREATED SIGNIFICANT EMPLOYMENT OPPORTUNITIES WITHIN THE GREATER ORONO AREA.","expense":314076}],"program_service_revenue_detail":[{"total_revenue":509078,"related_or_exempt_function_income":509078}],"functional_expense_allocations":{"legal_fees":{"program_services":1097,"total":1097},"accounting_fees":{"program_services":1555,"total":1555},"interest":{"program_services":170145,"total":170145},"depreciation_depletion":{"program_services":133926,"total":133926},"insurance":{"program_services":2362,"total":2362},"all_other_expenses":{"program_services":35,"total":35}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_in_care_of_detail":{"person_name":"ROBERT BASS","phone":"2078667968","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"person_name":"ARTHUR COMSTOCK","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"ARTHUR COMSTOCK"},{"person_name":"KATE DAWSON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"KATE DAWSON"},{"person_name":"GEOFF GORDON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GEOFF GORDON"},{"person_name":"PAUL MELROSE","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"PAUL MELROSE"},{"person_name":"ANDY PERKINS","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"ANDY PERKINS"},{"person_name":"JAY SHIELDS","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JAY SHIELDS"},{"person_name":"JUDY SULLIVAN","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JUDY SULLIVAN"},{"person_name":"DAVID THOMPSON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"DAVID THOMPSON"},{"person_name":"JANET WALDRON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JANET WALDRON"},{"person_name":"MICHAEL JONES","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"MICHAEL JONES"},{"person_name":"MICHELE GOLDMAN","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"MICHELE GOLDMAN"},{"person_name":"STEVENSON SHEPPARD","title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"STEVENSON SHEPPARD"},{"person_name":"MARK ERHARDT","title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"MARK ERHARDT"},{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"ROBERT BASS"},{"person_name":"PAUL RIECHMANN","title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"PAUL RIECHMANN"}]},"ScheduleB":{"attached":false,"required":false},"ScheduleD":{"land_buildings_equipment":{"land":{"other_cost_or_other_basis":492360,"book_value":492360},"buildings":{"other_cost_or_other_basis":5223113,"book_value":3411034,"depreciation":1812079},"total_book_value":3903394},"other_assets":{"assets":[{"description":"LOAN ESCROW WITH TOWN","book_value":617950}],"total_book_value":617950},"other_liabilities":{"liabilities":[{"description":"DUE TO/FROM GENERAL FUND","amount":14955}],"total_liability":14955}},"source_xml":"201502299349303285_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, maine area by attracting new businesses and creating new jobs.","primary_activities":"Leasing a 55,000 square foot office buiding to a major corporation, which has created significant employment opportunities within the greater orono area.","year":2010,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2078662021","type":"990","principal_officer":"ANDREW PERKINS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2010-07-01T00:00:00","tax_period_end":"2011-06-30T00:00:00","address":"C/O TOWN OF ORONO PO BOX 130, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":15,"Number of independent voting members":15,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":557276,"Contributions":{"value":0},"Program revenue":{"value":551824,"Total revenue":551824},"Investment income":{"value":5452,"Investment income total":5452},"Other revenues":{"value":0}},"Expenses":{"value":486542,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":486542,"Legal":8916,"Accounting":1162,"Occupancy":11088,"Interest":331450,"Depreciation and depletion":133926}},"Assets":{"value":5210202,"Savings and temp cash investments":292228,"Land, building, equipment":4305172,"Other assets":612802},"Liabilities":{"value":4302494,"Accounts payable, accrued":97494,"Secured mortgages and notes payable":4205000},"Fund balance":{"value":907708},"Form990Details":{"program_service_accomplishments":[{"description":"LEASING A 55,000 SQUARE FOOT OFFICE BUIDING TO A MAJOR CORPORATION, WHICH HAS CREATED SIGNIFICANT EMPLOYMENT OPPORTUNITIES WITHIN THE GREATER ORONO AREA.","expense":486542,"revenue":545833}],"program_service_revenue_detail":[{"description":"BUSINESS RENT","total_revenue":551824,"related_or_exempt_function_income":551824}],"functional_expense_allocations":{"legal_fees":{"program_services":8916,"total":8916},"accounting_fees":{"program_services":1162,"total":1162},"occupancy":{"program_services":11088,"total":11088},"interest":{"program_services":331450,"total":331450},"depreciation_depletion":{"program_services":133926,"total":133926}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"backup_withholding_compliance":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ANDREW PERKINS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_are_in_care_of":{"person_name":"ANDREW PERKINS","phone":"2078667968","address_line1":"167 KELLEY ROAD","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true}]},"ScheduleB":{"attached":false,"required":false},"ScheduleD":{"donor_advised_funds":{"disclosed_organization_legal_control":false,"disclosed_for_charitable_purposes":false},"conservation_easements":{"written_policy_monitoring":false,"section_170h_requirements_satisfied":false},"collections":{"solicited_assets_sale":false},"escrow_accounts":{"agent_trustee_etc":false,"included_on_financial_statements":false},"endowment_funds":{"held_by_unrelated_organizations":false,"held_by_related_organizations":false,"related_organizations_listed_schedule_r":false},"land_buildings_equipment":{"land":{"other_cost_or_other_basis":492360,"book_value":492360},"buildings":{"other_cost_or_other_basis":5223113,"book_value":3812812,"depreciation":1410301},"total_book_value":4305172},"other_assets":{"assets":[{"description":"LOAN ESCROW","book_value":612802}],"total_book_value":612802}},"source_xml":"201201359349301365_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"The organization has been working with local vendors, potential customers, the maine farmland trust and university of maine students to investigate the feasibility of a \"food hub\" in the orono region. Also the organization has been sponsor and organizer of the \"big gig\" events. These events provide a forum for local innovators and entrepreneurs to present possible new business ventures which would be located in the greater orono region.\n\nExpenses oedc: liability insurance 2,542 postage 88 web hosting services 179 bank fees 29 registration fees 35 event costs 33,307 other operating costs 182 total 36,362\n\nEnhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","year":2015,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990EZ","tax_period_begin":"2015-07-01T00:00:00","tax_period_end":"2016-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true},"Revenues":{"value":8766,"Investment income":{"value":2516,"Investment income total":2516}},"Expenses":{"value":39103,"Total professional fundraising expense":{"value":2741,"Fees to independent contractors":2741},"Other expenses":{"value":36362,"Itemized Expenses":36362},"Functional Expenses":{"Program Service Expenses":39103}},"Assets":{"value":358334,"Savings and temp cash investments":358334},"Liabilities":{"value":10333,"Sum of Total Liabilities":10333},"Fund balance":{"value":348001},"Form990Details":{"officers_directors_key_employees":[{"person_name":"STEVENSON SHEPPARD","title":"PRESIDENT","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"STEVENSON SHEPPARD"},{"person_name":"MARK ERHARDT","title":"VICE PRESIDE","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"MARK ERHARDT"},{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"ROBERT BASS"},{"person_name":"PAUL RIECHMANN","title":"SECRETARY","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"PAUL RIECHMANN"},{"person_name":"RYAN LOW","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"RYAN LOW"},{"person_name":"MIKE JONES","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"MIKE JONES"},{"person_name":"GEOFF GORDON","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"GEOFF GORDON"},{"person_name":"PAUL MELROSE","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"PAUL MELROSE"},{"person_name":"GUY WHITTEN","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"GUY WHITTEN"},{"person_name":"STEPHAINE WELCOMER","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"STEPHAINE WELCOMER"},{"person_name":"JAY SHIELDS","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"JAY SHIELDS"},{"person_name":"JUDY SULLIVAN","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"JUDY SULLIVAN"},{"person_name":"DAVID THOMPSON","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"DAVID THOMPSON"},{"person_name":"KATE DAWSON","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"KATE DAWSON"}]},"ScheduleB":{"attached":false},"source_xml":"201623019349200602_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"Leasing a 55,000 square foot office building to a major corporation, which has created significant employment opportunities within the greater orono area. Oedc's board of directors voted to list the property for sale on december 11, 2014 in order to better focus on core mission objectives. The property was sold on may 7, 2015.","year":2014,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2014-07-01T00:00:00","tax_period_end":"2015-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":14,"Number of independent voting members":14,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":12288,"Contributions":{"value":0},"Program revenue":{"value":476888,"Total revenue":{"value":476888,"BUSINESS RENT":446638,"FOOD HUB PROGRAM":24000,"BIG GIG":6250}},"Investment income":{"value":-464600,"Investment income total":4019,"Net investment gain":-468619},"Other revenues":{"value":0}},"Expenses":{"value":1089177,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":1089177,"Legal":990,"Interest":729522,"Depreciation and depletion":111605,"Insurance":1050,"Itemized Expenses":{"value":241991,"REAL ESTATE TAXES":146925,"TIF SUBSIDY REFUND":72728,"MAINTENANCE":15182,"SPECIAL EVENT COSTS":7156},"All other expenses":4019},"Functional Expenses":{"Program Service Expenses":1089177,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":369333,"Savings and temp cash investments":369333},"Liabilities":{"value":290,"Accounts payable, accrued":290},"Fund balance":{"value":369043,"Unrestricted net assets":369043},"Form990Details":{"program_service_accomplishments":[{"description":"LEASING A 55,000 SQUARE FOOT OFFICE BUILDING TO A MAJOR CORPORATION, WHICH HAS CREATED SIGNIFICANT EMPLOYMENT OPPORTUNITIES WITHIN THE GREATER ORONO AREA. OEDC'S BOARD OF DIRECTORS VOTED TO LIST THE PROPERTY FOR SALE ON DECEMBER 11, 2014 IN ORDER TO BETTER FOCUS ON CORE MISSION OBJECTIVES. THE PROPERTY WAS SOLD ON MAY 7, 2015.","expense":1082021}],"program_service_revenue_detail":[{"total_revenue":446638,"related_or_exempt_function_income":446638},{"total_revenue":24000,"related_or_exempt_function_income":24000},{"total_revenue":6250,"related_or_exempt_function_income":6250}],"functional_expense_allocations":{"legal_fees":{"program_services":990,"total":990},"interest":{"program_services":729522,"total":729522},"depreciation_depletion":{"program_services":111605,"total":111605},"insurance":{"program_services":1050,"total":1050},"all_other_expenses":{"program_services":4019,"total":4019}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_in_care_of_detail":{"person_name":"ROBERT BASS","phone":"2078663629","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"person_name":"RYAN LOW","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"RYAN LOW"},{"person_name":"MIKE JONES","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"MIKE JONES"},{"person_name":"GEOFF GORDON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GEOFF GORDON"},{"person_name":"PAUL MELROSE","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"PAUL MELROSE"},{"person_name":"GUY WHITTEN","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GUY WHITTEN"},{"person_name":"STEPHAINE WELCOMER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"STEPHAINE WELCOMER"},{"person_name":"JAY SHIELDS","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JAY SHIELDS"},{"person_name":"JUDY SULLIVAN","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JUDY SULLIVAN"},{"person_name":"DAVID THOMPSON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"DAVID THOMPSON"},{"person_name":"KATE DAWSON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"KATE DAWSON"},{"person_name":"STEVENSON SHEPPARD","title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"STEVENSON SHEPPARD"},{"person_name":"MARK ERHARDT","title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"MARK ERHARDT"},{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"ROBERT BASS"},{"person_name":"PAUL RIECHMANN","title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true,"name":"PAUL RIECHMANN"}]},"ScheduleB":{"attached":false,"required":false},"ScheduleN":{"successor_relationships":{"director_of_successor":false,"employee_of_successor":false,"owner_of_successor":false,"received_compensation":false},"dispositions":[{"business_name_line1":"LE SPRINGER INC","ein":10532782,"irc_section":"CORP","distribution_date":"2015-05-07T00:00:00","description":"OFFICE BUILDING","fair_market_value":3500000,"method_of_fmv_determination":"SALES PRIC","address_line1":"15 MEADOW LANE","city":"BREWER","state":"ME","zip":"04412","name":"LE SPRINGER INC","address":"15 MEADOW LANE, BREWER, ME, 04412"}],"supplemental_information":[{"form_and_line_reference":"SCHEDULE N","explanation":"ON MAY 7, 2015 THE ORGANIZATION SOLD THE OFFICE BUILDING TO A 3RD PARTY THAT SPECIALIZES IN OPERATING COMMERCIAL REAL ESTATE. AS PART OF THE SALE THE BUYER AND TENANT AGREED TO CONTINUE THE LEASE AND THE TENANT AGREED TO CONTINUE OPERATING A CALL CENTER IN THE BUILDING AND EMPLOYING LOCAL RESIDENTS. THE ORGANIZATION IS USING THE PROCEEDS FROM THE SALE TO SEEK OUT NEW OPPORTUNITIES TO BRING NEW BUSINESSES AND/OR ENHANCE LOCAL BUSINESS IN AN EFFORT TO INCREASE EMPLOYMENT OPPORTUNITIES IN THE GREATER ORONO REGION."}]},"source_xml":"201523169349301007_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"Leasing a 55,000 square foot office building to a major corporation, which has created significant employment opportunities within the greater orono area.","year":2012,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2012-07-01T00:00:00","tax_period_end":"2013-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":14,"Number of independent voting members":14,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":509781,"Contributions":{"value":0},"Program revenue":{"value":495416,"Total revenue":495416},"Investment income":{"value":1365,"Investment income total":1365},"Other revenues":{"value":13000,"Other total":13000}},"Expenses":{"value":320612,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":320612,"Legal":1190,"Accounting":1579,"Interest":180338,"Depreciation and depletion":133926,"Insurance":2320,"Itemized Expenses":{"value":1259,"VARIOUS":1259}}},"Assets":{"value":5316471,"Savings and temp cash investments":647001,"Accounts receivable":15345,"Land, building, equipment":4037320,"Other assets":616805},"Liabilities":{"value":4071136,"Accounts payable, accrued":1579,"Secured mortgages and notes payable":3560000,"Unsecured notes loans payable":2000,"Other liabilities":507557},"Fund balance":{"value":1245335},"Form990Details":{"program_service_accomplishments":[{"description":"LEASING A 55,000 SQUARE FOOT OFFICE BUILDING TO A MAJOR CORPORATION, WHICH HAS CREATED SIGNIFICANT EMPLOYMENT OPPORTUNITIES WITHIN THE GREATER ORONO AREA.","expense":320612}],"program_service_revenue_detail":[{"description":"BUSINESS RENT","total_revenue":495416,"related_or_exempt_function_income":495416}],"functional_expense_allocations":{"legal_fees":{"program_services":1190,"total":1190},"accounting_fees":{"program_services":1579,"total":1579},"interest":{"program_services":180338,"total":180338},"depreciation_depletion":{"program_services":133926,"total":133926},"insurance":{"program_services":2320,"total":2320}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS","address_line1":"FOREST AVE","city":"ORONO","state":"ME","zip":"04473"},"audit_financial_statement_detail":{"accountant_compile_or_review":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_are_in_care_of":{"person_name":"ROBERT BASS","phone":"2078667968","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true}]},"ScheduleB":{"attached":false,"required":false},"ScheduleD":{"land_buildings_equipment":{"land":{"other_cost_or_other_basis":492360,"book_value":492360},"buildings":{"other_cost_or_other_basis":5223113,"book_value":3544960,"depreciation":1678153},"total_book_value":4037320},"other_assets":{"assets":[{"description":"LOAN ESCROW WITH TOWN","book_value":616805}],"total_book_value":616805},"other_liabilities":{"liabilities":[{"description":"DUE TO/FROM GENERAL FUND","amount":507557}],"total_liability":507557}},"source_xml":"201420139349300242_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"The organization has been working with local vendors, potential customers, the maine farmland trust and university of maine students to investigate the feasibility of a \"food hub\" in the orono region. Also the organization has been sponsor and organizer of the \"big gig\" events. These events provide a forum for local innovators and entrepreneurs to present possible new business ventures which would be located in the greater orono region.\n\nExpenses odec: liability insurance 2,641 postage 84 web hosting services 204 registration fees 35 event costs 11,592 community programs & proj 10,000 total 24,556\n\nEnhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","year":2016,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990EZ","tax_period_begin":"2016-07-01T00:00:00","tax_period_end":"2017-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true},"Revenues":{"value":22361,"Contributions":{"value":500,"Contributions from gifts and grants":500},"Investment income":{"value":10851,"Investment income total":10851}},"Expenses":{"value":26747,"Total professional fundraising expense":{"value":2191,"Fees to independent contractors":2191},"Other expenses":{"value":24556,"Itemized Expenses":24556},"Functional Expenses":{"Program Service Expenses":26747}},"Assets":{"value":364991,"Savings and temp cash investments":364991},"Fund balance":{"value":364991},"Form990Details":{"officers_directors_key_employees":[{"person_name":"STEVENSON SHEPPARD","title":"PRESIDENT","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"STEVENSON SHEPPARD"},{"person_name":"MARK ERHARDT","title":"VICE PRESIDE","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"MARK ERHARDT"},{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"ROBERT BASS"},{"person_name":"RYAN LOW","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"RYAN LOW"},{"person_name":"MIKE JONES","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"MIKE JONES"},{"person_name":"PAUL MELROSE","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"PAUL MELROSE"},{"person_name":"GUY WHITTEN","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"GUY WHITTEN"},{"person_name":"STEPHAINE WELCOMER","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"STEPHAINE WELCOMER"},{"person_name":"JAY SHIELDS","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"JAY SHIELDS"},{"person_name":"JUDY SULLIVAN","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"JUDY SULLIVAN"},{"person_name":"DAVID THOMPSON","title":"SECRETARY","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"DAVID THOMPSON"},{"person_name":"GERALD HAYMAN JR","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"GERALD HAYMAN JR"},{"person_name":"DAVID PICKERING","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"DAVID PICKERING"},{"person_name":"PAUL RECIHMANN","title":"DIRECTOR","average_hours_per_week_devoted_to_position":1.0,"compensation":0,"name":"PAUL RECIHMANN"}]},"ScheduleB":{"attached":false},"source_xml":"201713119349201236_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"The organization listed and sold its only commercial property at 3 godfrey drive in orono in 2015. The sale price allowed the organization to reimbursement the town of orono for the outstanding balance on their building bond, and to invest in a reserve for future projects. In 2016, the organization hired wbrc architects and engineers to recommend a final \"build-out\" plan for the maine technology park. In 2018, the organization purchased the taylor bait property at 153 taylor road with the intent to renovate the building and property as a public, four-season outdoor center. The renovation was completed in late 2022. Finally, the organization is currently involved in a feasibility study of vernal pool special area management (samp) for orono, as well as supporting redevelopment efforts related to an arts and cultural facility in downtown.","year":2023,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":8,"Number of independent voting members":8,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":78914,"Contributions":{"value":74162,"Other contributions":39662,"Grant revenue":34500},"Program revenue":{"value":0},"Investment income":{"value":4561,"Investment income total":4561},"Other revenues":{"value":191,"Other total":191}},"Expenses":{"value":37180,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":37180,"Legal":85,"Advertising":1088,"Office expenses":173,"Depreciation and depletion":16140,"Insurance":5949,"Itemized Expenses":{"value":11741,"REAL ESTATE TAXES":7474,"UTILTIES":2265,"FOOD AND BEVERAGE":1002,"MISCELLANEOUS":1000},"All other expenses":2004},"Functional Expenses":{"Program Service Expenses":37180,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":698861,"Non-interest bearing cash":14939,"Land, building, equipment":486157,"Investments publicly traded":197765},"Liabilities":{"value":0},"Fund balance":{"value":698861,"Net assets without donor restriction":698861},"Form990Details":{"program_service_accomplishments":[{"description":"THE ORGANIZATION LISTED AND SOLD ITS ONLY COMMERCIAL PROPERTY AT 3 GODFREY DRIVE IN ORONO IN 2015. THE SALE PRICE ALLOWED THE ORGANIZATION TO REIMBURSEMENT THE TOWN OF ORONO FOR THE OUTSTANDING BALANCE ON THEIR BUILDING BOND, AND TO INVEST IN A RESERVE FOR FUTURE PROJECTS. IN 2016, THE ORGANIZATION HIRED WBRC ARCHITECTS AND ENGINEERS TO RECOMMEND A FINAL \"BUILD-OUT\" PLAN FOR THE MAINE TECHNOLOGY PARK. IN 2018, THE ORGANIZATION PURCHASED THE TAYLOR BAIT PROPERTY AT 153 TAYLOR ROAD WITH THE INTENT TO RENOVATE THE BUILDING AND PROPERTY AS A PUBLIC, FOUR-SEASON OUTDOOR CENTER. THE RENOVATION WAS COMPLETED IN LATE 2022. FINALLY, THE ORGANIZATION IS CURRENTLY INVOLVED IN A FEASIBILITY STUDY OF VERNAL POOL SPECIAL AREA MANAGEMENT (SAMP) FOR ORONO, AS WELL AS SUPPORTING REDEVELOPMENT EFFORTS RELATED TO AN ARTS AND CULTURAL FACILITY IN DOWNTOWN.","expense":37180}],"functional_expense_allocations":{"legal_fees":{"program_services":85,"total":85},"advertising":{"program_services":1088,"total":1088},"office_expenses":{"program_services":173,"total":173},"depreciation_depletion":{"program_services":16140,"total":16140},"insurance":{"program_services":5949,"total":5949},"all_other_expenses":{"program_services":2004,"total":2004}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"donor_restricted_or_quasi_endowments":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false},"related_party_due_diligence":{"business_relationship_with_35_controlled_entity":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_in_care_of_detail":{"person_name":"ROBERT BASS","phone":"2079447554","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"ROBERT BASS"},{"person_name":"MARK ERHARDT","title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"MARK ERHARDT"},{"person_name":"GEOFFREY GORDON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GEOFFREY GORDON"},{"person_name":"LORIE OSHER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"LORIE OSHER"},{"person_name":"DAVID PICKERING","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"DAVID PICKERING"},{"person_name":"STEVENSON SHEPPARD","title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"STEVENSON SHEPPARD"},{"person_name":"DAVID THOMPSON","title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"DAVID THOMPSON"},{"person_name":"STEPHAINE WELCOMER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"STEPHAINE WELCOMER"}]},"ScheduleB":{"attached":true,"required":true},"ScheduleD":{"land_buildings_equipment":{"land":{"other_cost_or_other_basis":11230,"book_value":11230},"buildings":{"other_cost_or_other_basis":501624,"book_value":474927,"depreciation":26697},"total_book_value":486157}},"source_xml":"202422619349300712_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"The organization listed and sold its only commercial property at 3 godfrey drive in orono in 2015. The sale price allowed the organization to reimburse the town of orono for the outstanding balance on their building bond, and to invest in a reserve for future projects. In 2016, the organization hired wbrc architects and engineers to recommend a final \"build-out\" plan for the maine technology park. In 2018, the organization purchased the taylor bait property at 153 taylor road with the intent to renovate the building and property as a public, four-season outdoor center. The renovation was completed in late 2022. The organization is currently involved in a feasibility study of vernal pool special area management (samp) for orono, exploring redevelopment efforts related to an arts and cultural faciility in downtown, and working with the town of orono to repurpose certain town owned properties. On october 22, 2024, the organization successfully transferred (via donation and note receivable) the taylor road land and renovated building assets to the orono land trust for ongoing operations, stewardship, and public use.","year":2024,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2024-07-01T00:00:00","tax_period_end":"2025-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":10,"Number of independent voting members":10,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":-411486,"Contributions":{"value":11322,"Other contributions":11322},"Program revenue":{"value":0},"Investment income":{"value":-422808,"Investment income total":13518,"Net investment gain":-436326},"Other revenues":{"value":0}},"Expenses":{"value":23151,"Grant expense":{"value":10447,"Grants to domestic orgs":10447},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":12704,"Legal":1140,"Accounting":800,"Office expenses":204,"Depreciation and depletion":5381,"Insurance":1924,"Itemized Expenses":{"value":3255,"REAL ESTATE TAXES":2312,"EQUIPMENT RENTAL & MAINT":674,"UTILITIES":234,"BUSINESS REGISTRATION FEE":35}},"Functional Expenses":{"Program Service Expenses":23151,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":272436,"Non-interest bearing cash":2054,"Other net note and loans":45000,"Investments publicly traded":225382},"Liabilities":{"value":0},"Fund balance":{"value":272436,"Net assets without donor restriction":272436},"Form990Details":{"program_service_accomplishments":[{"description":"THE ORGANIZATION LISTED AND SOLD ITS ONLY COMMERCIAL PROPERTY AT 3 GODFREY DRIVE IN ORONO IN 2015. THE SALE PRICE ALLOWED THE ORGANIZATION TO REIMBURSE THE TOWN OF ORONO FOR THE OUTSTANDING BALANCE ON THEIR BUILDING BOND, AND TO INVEST IN A RESERVE FOR FUTURE PROJECTS. IN 2016, THE ORGANIZATION HIRED WBRC ARCHITECTS AND ENGINEERS TO RECOMMEND A FINAL \"BUILD-OUT\" PLAN FOR THE MAINE TECHNOLOGY PARK. IN 2018, THE ORGANIZATION PURCHASED THE TAYLOR BAIT PROPERTY AT 153 TAYLOR ROAD WITH THE INTENT TO RENOVATE THE BUILDING AND PROPERTY AS A PUBLIC, FOUR-SEASON OUTDOOR CENTER. THE RENOVATION WAS COMPLETED IN LATE 2022. THE ORGANIZATION IS CURRENTLY INVOLVED IN A FEASIBILITY STUDY OF VERNAL POOL SPECIAL AREA MANAGEMENT (SAMP) FOR ORONO, EXPLORING REDEVELOPMENT EFFORTS RELATED TO AN ARTS AND CULTURAL FACIILITY IN DOWNTOWN, AND WORKING WITH THE TOWN OF ORONO TO REPURPOSE CERTAIN TOWN OWNED PROPERTIES. ON OCTOBER 22, 2024, THE ORGANIZATION SUCCESSFULLY TRANSFERRED (VIA DONATION AND NOTE RECEIVABLE) THE TAYLOR ROAD LAND AND RENOVATED BUILDING ASSETS TO THE ORONO LAND TRUST FOR ONGOING OPERATIONS, STEWARDSHIP, AND PUBLIC USE.","expense":23151,"grants":10447}],"functional_expense_allocations":{"legal_fees":{"program_services":1140,"total":1140},"accounting_fees":{"program_services":800,"total":800},"office_expenses":{"program_services":204,"total":204},"depreciation_depletion":{"program_services":5381,"total":5381},"insurance":{"program_services":1924,"total":1924}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"donor_restricted_or_quasi_endowments":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false},"related_party_due_diligence":{"business_relationship_with_35_controlled_entity":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":true,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_in_care_of_detail":{"person_name":"ROBERT BASS","phone":"2079447554","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"ROBERT BASS"},{"person_name":"NANCY PRISK","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"NANCY PRISK"},{"person_name":"GEOFFREY GORDON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GEOFFREY GORDON"},{"person_name":"JAMES GERRITY","title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"JAMES GERRITY"},{"person_name":"LAUREN ROSS","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"LAUREN ROSS"},{"person_name":"DAVE PICKERING","title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"DAVE PICKERING"},{"person_name":"DAVID THOMPSON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"DAVID THOMPSON"},{"person_name":"STEPHANIE WELCOMER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"STEPHANIE WELCOMER"},{"person_name":"JOHN PARKER","title":"DIRECTOR","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JOHN PARKER"},{"person_name":"JACOB BAKER","title":"SECRETARY","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"JACOB BAKER"}]},"ScheduleB":{"attached":false,"required":false},"ScheduleI":{"grant_records_maintained":false,"reported_domestic_org_grants":10447,"reported_domestic_org_grants_program_services":10447,"grants":[{"ein":10417249,"irc_section":"501(C)","cash":9447,"purpose":"BUILDING OPERATIONS","valuation_method":"FMV","address_line1":"PO BOX 4","city":"ORONO","state":"ME","zip":"04473","name":"ORONO LAND TRUST","address":"PO BOX 4, ORONO, ME, 04473"}],"total_domestic_grants":10447,"total_domestic_program_services":10447,"detail_org_grants_total":9447,"detail_domestic_grants_total":9447,"grant_monitoring":{"claims_monitoring_procedures":false,"requires_financial_reports":false,"requires_narrative_reports":false,"conducts_site_visits":false,"conducts_field_audits":false,"requires_grant_agreements":false,"may_suspend_future_funding":false,"may_require_repayment":false}},"ScheduleN":{"successor_relationships":{"director_of_successor":true,"employee_of_successor":false,"owner_of_successor":false,"received_compensation":false},"dispositions":[{"business_name_line1":"ORONO LAND TRUST","ein":10417249,"irc_section":"501(C)(3)","distribution_date":"2024-10-22T00:00:00","description":"REAL ESTATE -TAYLOR RD","fair_market_value":480776,"method_of_fmv_determination":"NBV","address_line1":"PO BOX 4","city":"ORONO","state":"ME","zip":"04473","name":"ORONO LAND TRUST","address":"PO BOX 4, ORONO, ME, 04473"},{"business_name_line1":"ORONO LAND TRUST","ein":10417249,"irc_section":"501(C)(3)","distribution_date":"2024-10-22T00:00:00","description":"CASH","fair_market_value":9447,"method_of_fmv_determination":"FMV","address_line1":"PO BOX 4","city":"ORONO","state":"ME","zip":"04473","name":"ORONO LAND TRUST","address":"PO BOX 4, ORONO, ME, 04473"}]},"source_xml":"202513019349302156_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"The organization listed and sold its only commercial property at 3 godfrey drive in orono in 2015. The sale price allowed the organization to reimbursement the town of orono for the outstanding balance on their building bond, and to invest in a reserve for future projects. In 2016, the organization hired wbrc architects and engineers to recommend a final \"build-out\" plan for the maine technology park. In 2018, the organization purchased the taylor bait property at 153 taylor road with the intent to renovate the building and property as a public, four-season outdoor center. The renovation was completed in late 2022. Finally, the organization is currently involved in a feasibility study of vernal pool special area management (samp) for orono, as well as supporting redevelopment efforts related to an arts and cultural facility in downtown.","year":2022,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2022-07-01T00:00:00","tax_period_end":"2023-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":8,"Number of independent voting members":8,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":250713,"Contributions":{"value":242063,"Other contributions":70563,"Grant revenue":171500},"Program revenue":{"value":0},"Investment income":{"value":6250,"Investment income total":6250},"Other revenues":{"value":2400,"Other total":2400}},"Expenses":{"value":16919,"Grant expense":{"value":0},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":16919,"Legal":120,"Advertising":61,"Office expenses":163,"Depreciation and depletion":4027,"Insurance":5805,"Itemized Expenses":{"value":6743,"REAL ESTATE TAXES":3337,"UTILITIES":2787,"REPAIRS AND MAINTENANCE":619}},"Functional Expenses":{"Program Service Expenses":16919,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":641532,"Non-interest bearing cash":17056,"Land, building, equipment":481812,"Investments publicly traded":142664},"Liabilities":{"value":0},"Fund balance":{"value":641532,"Net assets without donor restriction":641532},"Form990Details":{"program_service_accomplishments":[{"description":"THE ORGANIZATION LISTED AND SOLD ITS ONLY COMMERCIAL PROPERTY AT 3 GODFREY DRIVE IN ORONO IN 2015. THE SALE PRICE ALLOWED THE ORGANIZATION TO REIMBURSEMENT THE TOWN OF ORONO FOR THE OUTSTANDING BALANCE ON THEIR BUILDING BOND, AND TO INVEST IN A RESERVE FOR FUTURE PROJECTS. IN 2016, THE ORGANIZATION HIRED WBRC ARCHITECTS AND ENGINEERS TO RECOMMEND A FINAL \"BUILD-OUT\" PLAN FOR THE MAINE TECHNOLOGY PARK. IN 2018, THE ORGANIZATION PURCHASED THE TAYLOR BAIT PROPERTY AT 153 TAYLOR ROAD WITH THE INTENT TO RENOVATE THE BUILDING AND PROPERTY AS A PUBLIC, FOUR-SEASON OUTDOOR CENTER. THE RENOVATION WAS COMPLETED IN LATE 2022. FINALLY, THE ORGANIZATION IS CURRENTLY INVOLVED IN A FEASIBILITY STUDY OF VERNAL POOL SPECIAL AREA MANAGEMENT (SAMP) FOR ORONO, AS WELL AS SUPPORTING REDEVELOPMENT EFFORTS RELATED TO AN ARTS AND CULTURAL FACILITY IN DOWNTOWN.","expense":16919}],"functional_expense_allocations":{"legal_fees":{"program_services":120,"total":120},"advertising":{"program_services":61,"total":61},"office_expenses":{"program_services":163,"total":163},"depreciation_depletion":{"program_services":4027,"total":4027},"insurance":{"program_services":5805,"total":5805}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":true,"deductible_contributions_of_art":false,"donor_restricted_or_quasi_endowments":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false},"related_party_due_diligence":{"business_relationship_with_35_controlled_entity":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_in_care_of_detail":{"person_name":"ROBERT BASS","phone":"2079447554","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"person_name":"ROBERT BASS","title":"TREASURER","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"ROBERT BASS"},{"person_name":"MARK ERHARDT","title":"VICE PRESIDE","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"MARK ERHARDT"},{"person_name":"GEOFFREY GORDON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GEOFFREY GORDON"},{"person_name":"LAURIE OSHER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"LAURIE OSHER"},{"person_name":"DAVID PICKERING","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"DAVID PICKERING"},{"person_name":"STEVENSON SHEPPARD","title":"PRESIDENT","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"STEVENSON SHEPPARD"},{"person_name":"DAVID THOMPSON","title":"SECRETARY","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"DAVID THOMPSON"},{"person_name":"STEPHANIE WELCOMER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"STEPHANIE WELCOMER"}]},"ScheduleB":{"attached":true,"required":true},"ScheduleD":{"land_buildings_equipment":{"land":{"other_cost_or_other_basis":11230,"book_value":11230},"buildings":{"other_cost_or_other_basis":481139,"book_value":470582,"depreciation":10557},"total_book_value":481812}},"ScheduleM":{"policies":{"any_property_that_must_be_held":false,"review_process_unusual_noncash_gifts":false,"third_parties_used":true},"noncash_contributions":{"other_noncash_contributions":[{"description":"BLDG MATERIALS","reported":true,"revenue_reported_on_990":33823,"contribution_count":1,"method_of_determining_revenues":"RETAIL SELLING VALUE"}]},"supplemental_information":[{"form_and_line_reference":"SCHEDULE M, PAGE 1, PART I, LINE 32B","explanation":"THE NONCASH CONTRIBUTIONS WERE RECEIVED BY THE ORGANIZATION'S FISCAL SPONSOR, PENOBSCOT VALLEY SKI CLUB, A 501(C)(3) ORGANIZATION FOR THE PURPOSE OF BEING USED TO MAKE IMPROVEMENTS TO THE BUILDING ON TAYLOR ROAD. NONCASH CONTRIBUTIONS PRIMARILY REPRESENT BUILDING MATERIALS THAT WERE USED IN THE RENOVATIONS."}]},"source_xml":"202441349349302734_public.xml"}],"Latest":{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Enhance economic development in the greater orono, me area by attracting new businesses and creating new jobs.","primary_activities":"The organization listed and sold its only commercial property at 3 godfrey drive in orono in 2015. The sale price allowed the organization to reimburse the town of orono for the outstanding balance on their building bond, and to invest in a reserve for future projects. In 2016, the organization hired wbrc architects and engineers to recommend a final \"build-out\" plan for the maine technology park. In 2018, the organization purchased the taylor bait property at 153 taylor road with the intent to renovate the building and property as a public, four-season outdoor center. The renovation was completed in late 2022. The organization is currently involved in a feasibility study of vernal pool special area management (samp) for orono, exploring redevelopment efforts related to an arts and cultural faciility in downtown, and working with the town of orono to repurpose certain town owned properties. On october 22, 2024, the organization successfully transferred (via donation and note receivable) the taylor road land and renovated building assets to the orono land trust for ongoing operations, stewardship, and public use.","year":2024,"name":"ORONO ECONOMIC DEVELOPMENT CORP","phone":"2079447554","type":"990","principal_officer":"ROBERT BASS","year_formation":2000,"state_legal_domicile":"ME","tax_period_begin":"2024-07-01T00:00:00","tax_period_end":"2025-06-30T00:00:00","address":"PO BOX 335, ORONO, ME, 04473, USA","city":"ORONO","state":"ME","country":"USA","zip_code":"04473"},"Governance":{"501c determination":true,"Number of voting members":10,"Number of independent voting members":10,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":-411486,"Contributions":{"value":11322,"Other contributions":11322},"Program revenue":{"value":0},"Investment income":{"value":-422808,"Investment income total":13518,"Net investment gain":-436326},"Other revenues":{"value":0}},"Expenses":{"value":23151,"Grant expense":{"value":10447,"Grants to domestic orgs":10447},"Total professional fundraising expense":{"value":0},"Benefits paid to members":{"value":0},"Salaries":{"value":0},"Other expenses":{"value":12704,"Legal":1140,"Accounting":800,"Office expenses":204,"Depreciation and depletion":5381,"Insurance":1924,"Itemized Expenses":{"value":3255,"REAL ESTATE TAXES":2312,"EQUIPMENT RENTAL & MAINT":674,"UTILITIES":234,"BUSINESS REGISTRATION FEE":35}},"Functional Expenses":{"Program Service Expenses":23151,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":272436,"Non-interest bearing cash":2054,"Other net note and loans":45000,"Investments publicly traded":225382},"Liabilities":{"value":0},"Fund balance":{"value":272436,"Net assets without donor restriction":272436},"Form990Details":{"program_service_accomplishments":[{"description":"THE ORGANIZATION LISTED AND SOLD ITS ONLY COMMERCIAL PROPERTY AT 3 GODFREY DRIVE IN ORONO IN 2015. THE SALE PRICE ALLOWED THE ORGANIZATION TO REIMBURSE THE TOWN OF ORONO FOR THE OUTSTANDING BALANCE ON THEIR BUILDING BOND, AND TO INVEST IN A RESERVE FOR FUTURE PROJECTS. IN 2016, THE ORGANIZATION HIRED WBRC ARCHITECTS AND ENGINEERS TO RECOMMEND A FINAL \"BUILD-OUT\" PLAN FOR THE MAINE TECHNOLOGY PARK. IN 2018, THE ORGANIZATION PURCHASED THE TAYLOR BAIT PROPERTY AT 153 TAYLOR ROAD WITH THE INTENT TO RENOVATE THE BUILDING AND PROPERTY AS A PUBLIC, FOUR-SEASON OUTDOOR CENTER. THE RENOVATION WAS COMPLETED IN LATE 2022. THE ORGANIZATION IS CURRENTLY INVOLVED IN A FEASIBILITY STUDY OF VERNAL POOL SPECIAL AREA MANAGEMENT (SAMP) FOR ORONO, EXPLORING REDEVELOPMENT EFFORTS RELATED TO AN ARTS AND CULTURAL FACIILITY IN DOWNTOWN, AND WORKING WITH THE TOWN OF ORONO TO REPURPOSE CERTAIN TOWN OWNED PROPERTIES. ON OCTOBER 22, 2024, THE ORGANIZATION SUCCESSFULLY TRANSFERRED (VIA DONATION AND NOTE RECEIVABLE) THE TAYLOR ROAD LAND AND RENOVATED BUILDING ASSETS TO THE ORONO LAND TRUST FOR ONGOING OPERATIONS, STEWARDSHIP, AND PUBLIC USE.","expense":23151,"grants":10447}],"functional_expense_allocations":{"legal_fees":{"program_services":1140,"total":1140},"accounting_fees":{"program_services":800,"total":800},"office_expenses":{"program_services":204,"total":204},"depreciation_depletion":{"program_services":5381,"total":5381},"insurance":{"program_services":1924,"total":1924}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"donor_restricted_or_quasi_endowments":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true},"principal_officer_detail":{"person_name":"ROBERT BASS"},"audit_financial_statement_detail":{"accountant_compile_or_review":false},"related_party_due_diligence":{"business_relationship_with_35_controlled_entity":false,"officer_mailing_address":false,"related_entity":false,"related_org_controlled_entity":false,"compensation_from_other_sources":false,"excess_benefit_transaction":false},"grant_due_diligence":{"grants_to_organizations":true,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_in_care_of_detail":{"person_name":"ROBERT BASS","phone":"2079447554","address_line1":"PO BOX 335","city":"ORONO","state":"ME","zip":"04473"},"officers_directors_key_employees":[{"person_name":"ROBERT BASS","title":"TREASURER","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"ROBERT BASS"},{"person_name":"NANCY PRISK","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"NANCY PRISK"},{"person_name":"GEOFFREY GORDON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"GEOFFREY GORDON"},{"person_name":"JAMES GERRITY","title":"VICE PRESIDE","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"JAMES GERRITY"},{"person_name":"LAUREN ROSS","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"LAUREN ROSS"},{"person_name":"DAVE PICKERING","title":"PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"DAVE PICKERING"},{"person_name":"DAVID THOMPSON","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"DAVID THOMPSON"},{"person_name":"STEPHANIE WELCOMER","title":"DIRECTOR","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"STEPHANIE WELCOMER"},{"person_name":"JOHN PARKER","title":"DIRECTOR","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"name":"JOHN PARKER"},{"person_name":"JACOB BAKER","title":"SECRETARY","reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true,"officer":true,"name":"JACOB BAKER"}]},"ScheduleB":{"attached":false,"required":false},"ScheduleI":{"grant_records_maintained":false,"reported_domestic_org_grants":10447,"reported_domestic_org_grants_program_services":10447,"grants":[{"ein":10417249,"irc_section":"501(C)","cash":9447,"purpose":"BUILDING OPERATIONS","valuation_method":"FMV","address_line1":"PO BOX 4","city":"ORONO","state":"ME","zip":"04473","name":"ORONO LAND TRUST","address":"PO BOX 4, ORONO, ME, 04473"}],"total_domestic_grants":10447,"total_domestic_program_services":10447,"detail_org_grants_total":9447,"detail_domestic_grants_total":9447,"grant_monitoring":{"claims_monitoring_procedures":false,"requires_financial_reports":false,"requires_narrative_reports":false,"conducts_site_visits":false,"conducts_field_audits":false,"requires_grant_agreements":false,"may_suspend_future_funding":false,"may_require_repayment":false}},"ScheduleN":{"successor_relationships":{"director_of_successor":true,"employee_of_successor":false,"owner_of_successor":false,"received_compensation":false},"dispositions":[{"business_name_line1":"ORONO LAND TRUST","ein":10417249,"irc_section":"501(C)(3)","distribution_date":"2024-10-22T00:00:00","description":"REAL ESTATE -TAYLOR RD","fair_market_value":480776,"method_of_fmv_determination":"NBV","address_line1":"PO BOX 4","city":"ORONO","state":"ME","zip":"04473","name":"ORONO LAND TRUST","address":"PO BOX 4, ORONO, ME, 04473"},{"business_name_line1":"ORONO LAND TRUST","ein":10417249,"irc_section":"501(C)(3)","distribution_date":"2024-10-22T00:00:00","description":"CASH","fair_market_value":9447,"method_of_fmv_determination":"FMV","address_line1":"PO BOX 4","city":"ORONO","state":"ME","zip":"04473","name":"ORONO LAND TRUST","address":"PO BOX 4, ORONO, ME, 04473"}]},"Ratings":{"Mission Deployment Rate":{"score":null},"Program Expense Ratio":{"score":1.0},"Fundraising Efficiency":{"score":null,"percentile":null},"Filing Consistency Score":{"score":1.0},"Grant Itemization Coverage":{"score":0.9042787403082224},"Independent Voting Board Pct":{"score":1.0},"Operating Margin":{"score":-1.0562619384377598,"percentile":0.07075535336528084},"Operating Reserve Ratio":{"score":11.76778540883763,"percentile":0.9091024860196002},"Liabilities to Assets Ratio":{"score":0.0,"percentile":0.8056604925352309},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":-0.20501083381603694,"percentile":0.10001165987760889},"Revenue Growth":{"score":-0.21820940927693686,"percentile":0.0852968730950135},"Asset Growth":{"score":-0.1485259585819353,"percentile":0.09543803531080867},"Foreign Oversight Score":{"score":null},"Major-Donor Itemization":{"score":null},"Related-Party Transparency":{"score":null},"Pay-Setting Controls":{"score":1.0,"weight":5,"atoms":{"Compensation committee":{"value":true},"Independent compensation consultant":{"value":true},"Form 990 of other organizations reviewed":{"value":true},"Written employment contract":{"value":true},"Compensation survey or study":{"value":true},"Board or committee approval":{"value":true}}},"Governance Policy Score":{"score":0.1111111111111111,"weight":5,"atoms":{"Conflict of interest policy":{"value":false},"Whistle blower policy":{"value":false},"Document retention policy":{"value":false},"Compensation process for CEO":{"value":false},"Compensation process for other employees":{"value":false},"Form 990 provided to governing body":{"value":false},"Minutes of governing body":{"value":true},"Audit committee":{"value":false},"Independent audit financial statements":{"value":false}}},"Categories":{"Financial Efficiency":{"score":1.0,"weight":45},"Transparency & Controls":{"score":0.9787286089573828,"weight":20},"Accountability":{"score":0.6296296296296297,"weight":14},"Sustainability":{"score":0.44819174947271395,"weight":13},"Growth":{"score":0.0932110202512107,"weight":8}},"Overall Score":{"score":0.7996156789911743,"percentile":0.6766286306135637}},"source_xml":"202513019349302156_public.xml"},"sector":"Public, Societal Benefit","donation_categories":[],"zakat_policy":null},"error":null}