2024-05-07T07:42:00-05:00 2023-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2022-07-01 010509118 Maine International Trade Center MAIN 2075417400 2 Portland Fish Pier 204 Portland ME 04101 Wade Merritt President 2075417400 2024-05-06 1 Wade Merritt 999009999 1 Barbara J McGuan CPA P00219457 2077752387 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Wade Merritt 2 Portland Fish Pier 204 Portland ME 04101 1769767 0 X www.mitc.com X 1996 ME To expand Maine's economy through increased international trade in goods and services, and related activities. 13 12 16 14 0 0 1459025 1576581 13853 185162 327 224 7800 7800 1481005 1769767 384728 409770 0 0 577440 591844 0 0 178564 518263 896219 1480431 1897833 574 -128066 1240638 2065967 254268 1207663 986370 858304 X To promote the expansion of Maine's economy through increased international trade in goods and services, and related activities. 0 0 773094 409770 169100 Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade partners and unique networking opportunities. Trade missions are particularly useful for first time exporters or companies having difficulty expanding into a particular country or market. The Trade Center arranges all details of the missions including transportation, translators, and business meetings. 94573 Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade Center's staff is committed to providing quality information and practical advice in selecting markets for our members' products and services. There are a number of resources we have available to the public in our Portland Trade Library, and on our website where trade news and current export data is listed. We have extensive internet research capabilities and on-line database services along with internet reference guides that provide our members with timely information on foreign markets. 81749 5600 Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the essentials in conducting international business or country/industry-specific regulations, to understanding the state and federal resources that are available for Maine's internationally active business. 252748 10462 Trade Shows and International Conferences:The Trade Center offers group trips and discounts on overseas trade show space through its alliance with other government agencies. This is a convenient way for members to participate in overseas shows and display products internationally. The Maine International Trade Center also hosts international conferences and incoming delegations from overseas. Trade Center members enjoy opportunities to network with foreign buyers, commercial representatives and visiting dignitaries. 252748 10462 1202164 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 35 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 ME X Patty Davis 2075417400 2 Portland Fish Pier 204 Portland ME 04101 Wade Merritt President 40.00 0.00 X X 0 109331 58594 Kevin Therrien Chair 1.00 0.00 X X 0 0 0 Adam Kennedy Vice Chair 1.00 0.00 X X 0 0 0 Jason Lundy Treasurer 1.00 0.00 X X 0 0 0 Barbara Raths Secretary 1.00 0.00 X X 0 0 0 Sheila Adams Director 1.00 0.00 X 0 0 0 Orlina Boteva Director 1.00 0.00 X 0 0 0 James Cabot Director 1.00 0.00 X 0 0 0 David Colter Director 1.00 0.00 X 0 0 0 Katie Jennette Director 1.00 0.00 X 0 0 0 Alyne Kemunto Cistone Director 1.00 0.00 X 0 0 0 Adrian Kendall Director 1.00 0.00 X 0 0 0 Bryon Williams Director 1.00 0.00 X 0 0 0 Raymond Kelley Past Director 1.00 0.00 X 0 0 0 Tony Caruso Past Director 1.00 0.00 X 0 0 0 0 109331 58594 0 0 1 0 0 100781 1401500 74300 1576581 Program Revenues 900099 185162 185162 185162 224 224 7800 0 7800 7800 7800 1769767 185162 0 8024 X 409770 409770 454755 143913 173860 136982 22035 3944 11407 6684 74763 13383 38703 22677 40291 7212 20858 12221 18070 18070 222340 199773 22567 11994 11994 49413 10330 39083 159704 159704 10013 265 9748 4453 4453 11267 11267 6056 6056 Trade Mission & Educati 397127 397127 Miscellaneous 5782 5782 1897833 1202164 517105 178564 X 361604 324464 500575 500233 150552 197854 10675 47746 148942 135392 217486 160463 68290 57023 803255 1240638 2065967 105945 173752 100983 144190 47340 889721 254268 1207663 X 982661 856595 3709 1709 986370 858304 1240638 2065967 -128066 0 X 0 1 X 1 0 X 1869542 1351997 1212064 1459025 1576581 7469209 1869542 1351997 1212064 1459025 1576581 7469209 7469209 13384 11186 8482 8127 8024 49203 7518412 367690 0.99350 0.99260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132145 75122 57023 85341 85341 0 57023 Due to consortiums 70054 Operating Lease Liability 819667 889721 2061130 291363 291363 1769767 0 1769767 2189196 291363 291363 1897833 0 1897833 1 Atlantic Laboratories 41 Cross Street Waldoboro ME 04572 010339245 5969 0 Trade Show & International Conferences Bean Maine Lobster 29 Gordon Drive Rockland ME 04841 811946837 10000 0 Trade Show & International Conferences Bristol Seafood LLC 5 Portland Fish Pier Portland ME 04102 464329815 5726 0 Trade Show & International Conferences Casco Bay Molding Ltd 32 Smada Dr Sanford ME 04073 010533425 6943 0 Trade Show & International Conferences Deepwater Buoyancy 394 Hill Street Biddeford ME 04005 464290494 23688 0 Trade Show & International Conferences; E-Commerce & Digital Marketing Defendify 5 Moulton St 5th Floor Portland ME 04101 821312017 9461 0 E-Commerce & Digital Marketing Demers Food Group Inc 95 Main St 2nd Fl Auburn ME 04211 821761285 15000 0 Export Marketing Assistance Fox Inc 1504 Happytown Rd Orland ME 04472 814761162 10000 0 E-Commerce & Digital Marketing Greenhead Lobster LLC 38 Ocean St Stonington ME 04681 010515454 6964 0 Trade Show & International Conferences Highbyte Inc 52 Alder St Portland ME 04101 832030203 10000 0 Trade Show & International Conferences Elizer LLC 667 Congress St Ste 601 Portland ME 04101 833803283 16088 0 Consulting Services Kelson Marine 2 Portland Fish Pier Ste 210 Portland ME 04101 850655970 19419 0 Trade Show & International Conferences; E-Commerce & Digital Marketing Mallard Enterprises 9 Triplet Trail Bridgton ME 04009 853621241 6492 0 Export Skills Development; Trade Show & International Conferences Montalvo Corp 50 Hutcherson Dr Gorham ME 04038 010344406 10000 0 Trade Show & International Conferences Orono Spectral Solutions 25 Freedom Pkwy Unit 2 Hermon ME 04401 201477938 11361 0 Trade Show & International Conferences; International Business Development Orpc Inc 254 Commercial St Ste 11913 Portland ME 04101 800421551 8015 0 Trade Show & International Conferences; International Business Development Outlook Surgical Endoscopy Systems 3210 Mulligan Dr Bloomington IL 61704 814053613 7458 0 Trade Show & International Conferences Owl's Head Solutions Inc 4 Nabby Cove Rd South Thomaston ME 04858 454819912 7653 0 Trade Show & International Conferences Prapela Inc 7 Main St Ste 15-219 Biddeford ME 04005 830642463 9750 0 Trade Show & International Conferences Salmonics Llc 74 Orion St Ste 1 Brunswick ME 04011 853760004 13254 0 Trade Show & International Conferences; Export Skills Development Sterizign Precision Technologies LLC 74 Orion St Brunswick ME 04011 812017185 8715 0 Trade Show & International Conferences Vetro Inc 215 Commercial St 5th Floor Portland ME 04101 850887949 10000 0 Trade Show & International Conferences Virostat Inc 8 Spiller Dr Westbrook ME 04092 010426984 7550 0 Trade Show & International Conferences Volk Paxit Inc 11 Morin St Biddeford ME 04005 862550938 10000 0 Trade Show & International Conferences Xodus Group Inc 4 Houston Center 1221 Lamar St Houston TX 77010 990362636 20419 0 Consulting Services Maine Center For Entrepreneurs 38 Commercial St Building C Portland ME 04101 010510641 7485 0 Trade Show & International Conferences 0 26 Part I, Line 2: The process used for the disbursement of grant funds to US Based organizations require that the business complete and submit the appropriate Grant Applications to Maine International Trade Center (MITC) for review using standardized forms. The applications are reviewed by the MITC staff member who is responsible for management of the Grant Funds, currently that is the President of the Trade Center. In the specific case of SBA STEP Grants, the application is then sent to the MITC Grant Committee, which currently consists of three representatives assigned by the Trade Center President, their duty is to verify that the Grant application approved by MITC meets the SBA STEP Guidelines as determined by the Grant Awarded, currently the committee consists of the MITC Board Member, MEP President, and Director, U.S. Commercial Services located in Portland, ME. Once an application is approved, the business is then authorized to attend the Trade Mission/Trade Show or Training with the understanding that upon return they will be required to complete a post event survey and submit receipts as supporting backup for the amount of reimbursement they are requesting. The grant receipts are then reviewed by Finance and kept for supporting backup. On a quarterly basis MITC submits to the Grant issuing organization (SBA, etc) a request for reimbursement based on the fully executed Grants that were used in that quarter. Once funding is received by the grant issuing organization the authorization is then given by the President to reimburse the company for their expenses. 0 0 0 0 0 0 0 0 0 Wade Merritt President 0 102654 0 0 0 6677 0 32053 0 26541 0 167925 0 0 Part I, Line 3 Wade Merritt, President is compensated by the State of Maine. The methods used to determine his compensation are not known by the Organization at the time of this filing. Form 990, Part VI, Section A, line 6 The Board of Directors shall consist of twelve directors - seven directors elected from the membership, and five directors appointed by the Governor. Form 990, Part VI, Section A, line 7a Members qualified to vote shall elect seven directors from among the members. Form 990, Part VI, Section B, line 11b The prepared Form 990 is reviewed by the Director of Finance and President of MITC, and the Board Treasurer if available. Questions, if any, are collected from the group and asked of the outside tax preparer. Once the questions, if any, are answered to the satisfaction of the President, authorization is given to prepare the final document for signature and submission. The President and/or Board Treasurer make note to the Board Finance Committee at the next Board meeting that the 990 was reviewed and submitted. Form 990, Part VI, Section B, line 15 Wade Merritt, President is compensated by the State of Maine. The methods used to determine his compensation are not known the organization at the time of filing. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents and financial statements available to the public upon request. Form 990, Part IX, line 11g Consulting: Program service expenses 199,773. Management and general expenses 22,567. Fundraising expenses 0. Total expenses 222,340. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Maine International Trade Center 2 Portland Fish Pier, Suite 204 Portland, ME 04101 EIN: 01-0509118 Maine International Trade Center is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). State of Maine State House Station Augusta ME 04333 ME Government 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 State of Maine O 275223 FMV