Nonprofit · EIN 01-0347504
COASTAL ENTERPRISES INC
Tax-exempt · BRUNSWICK, ME 04011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $19,896,255 | $23,228,135 | -$3,331,880 | $166,561,368 | $110,155,283 | $56,406,085 |
| September 30, 2024 | 990 | $39,919,564 | $23,726,709 | $16,192,855 | $151,608,145 | $91,871,150 | $59,736,995 |
| September 30, 2023 | 990 | $22,641,314 | $18,685,864 | $3,955,450 | $125,867,837 | $82,323,697 | $43,544,140 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $8,977,304
- of which government grants
- $6,854,147
- Program service revenue
- $4,008,755
- Investment income
- $5,155,229
- Net rental income
- $200
- Net gain from sales of assets
- $3,455,990
- Other revenue
- $1,754,967
Expenses
- Grants and similar amounts paid
- $2,229,628
- Compensation of officers, directors and key employees
- $1,220,465
- Other salaries and wages
- $6,703,339
- Salaries, compensation and benefits (total)
- $8,843,402
- Professional fundraising fees
- $0
- Legal fees
- $121,465
- Accounting fees
- $414,215
- Occupancy
- $256,158
- Travel
- $177,872
- Depreciation
- $218,347
- Program services (functional)
- $17,722,189
- Management and general (functional)
- $5,047,996
- Fundraising (functional)
- $457,950
Balance sheet and other
- Total assets, start of year
- $151,608,145
- Total assets, end of year
- $166,561,368
- Total liabilities, end of year
- $110,155,283
- Net assets, end of year
- $56,406,085
- Land, buildings and equipment
- $5,526,268
- Net assets without donor restrictions
- $37,669,201
- Net assets with donor restrictions
- $18,736,884
- Gross receipts
- $20,427,377
- Employees
- 79
- Volunteers
- 21
- Year formed
- 1977
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH BIEMANN | CHIEF EXECUTIVE OFFICER Officer | 40 | $260,315 | $38,582 |
| TERESA JANKOVIC | CFO Officer | 40 | $236,704 | $34,391 |
| KEITH BISSON | PRESIDENT Officer | 40 | $242,308 | $12,046 |
| JENNIFER SPORZYNSKI | CHIEF PROGRAM OFFICER Highest-paid employee | 40 | $153,248 | $48,256 |
| DANIEL WALLACE | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $165,446 | $23,791 |
| COLLEEN IPPOLITO | CHIEF PEOPLE OFFICER/SECRETARY Officer | 40 | $120,828 | $47,518 |
| BENJAMIN KRAMER | TREASURER Officer | 40 | $117,810 | $46,937 |
| LAURA BUXBAUM | SVP, POLICY & RESOURCE DEVT(OUTGOING) Highest-paid employee | 40 | $121,882 | $40,904 |
| CYNTHIA MURPHY | SENIOR DIRECTOR, SPECIAL PROJECTS Highest-paid employee | 40 | $116,788 | $25,110 |
| THOMAS P BURNHAM | DIRECTOR OF LOAN QUALITY A Highest-paid employee | 40 | $113,910 | $24,491 |
| ADLER PRIOLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA TENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH MATTINGLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| C SHAWN YARDLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE VAN DUSEN GODSCHALK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES J RUDELITCH ESQ | DIRECTOR Trustee or director | 1 | $0 |
| DAN BELYEA | DIRECTOR Trustee or director | 1 | $0 |
| DARRELL INGRAM | DIRECTOR (AS OF 06/2025) Trustee or director | 1 | $0 |
| DEBBY MILLER | DIRECTOR Trustee or director | 1 | $0 |
| DEVIN COOK | DIRECTOR Trustee or director | 1 | $0 |
| DHIVYA SINGARAM | DIRECTOR (AS OF 06/2025) Trustee or director | 1 | $0 |
| FRANCIS LUTZ | DIRECTOR Trustee or director | 1 | $0 |
| JASON PARENT | DIRECTOR Trustee or director | 1 | $0 |
| JEANNETTE ANDRE | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA DAVIS | OUTGOING DIRECTOR Trustee or director | 1 | $0 |
| KEVIN LEWIS | OUTGOING DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW LEWIS | DIRECTOR (AS OF 06/2025) Trustee or director | 1 | $0 |
| MIRIAM L SHARK | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| RHIANNON HAMPSON | DIRECTOR (AS OF 06/2025) Trustee or director | 1 | $0 |
| SAFIYA KHALID | OUTGOING DIRECTOR Trustee or director | 1 | $0 |
| SEAN DUNDON | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN HAMMOND | OUTGOING DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH BIEMANN | CHIEF EXECUTIVE OFFICER Officer | 40 | $258,235 | $38,095 |
| KEITH BISSON | PRESIDENT Officer | 40 | $219,647 | $10,975 |
| TERESA JANKOVIC | CFO/TREASURER Officer | 40 | $185,027 | $20,815 |
| DANIEL WALLACE | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $154,214 | $22,028 |
| JENNIFER SPORZYNSKI | SVP, WORKFORCE & BUSINESS DEVELOPMENT Highest-paid employee | 40 | $127,305 | $46,541 |
| COLLEEN IPPOLITO | SVP, HR AND OFFICE ADMIN/SECRETARY Officer | 40 | $113,504 | $49,548 |
| LAURA BUXBAUM | SVP, POLICY & RESOURCE DEVELOPMENT Highest-paid employee | 40 | $111,783 | $50,356 |
| THOMAS P BURNHAM | DIRECTOR OF LOAN QUALITY A Highest-paid employee | 40 | $107,416 | $24,803 |
| KELSIE BOUCHARD | DIRECTOR, CEI NOTES AND PORTFOLIO MANAGEMENT Highest-paid employee | 40 | $107,432 | $21,250 |
| ADLER PRIOLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA T BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH MATTINGLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| C SHAWN YARDLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE VAN DUSEN GODSCHALK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES J RUDELITCH ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHIP NEWELL | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN BELYEA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBY MILLER | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVIN COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANCIS LUTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IAN YAFFE | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON PARENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANNETTE ANDRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN DORRER | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSHUA DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRYSTAL WILLIAMS | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRIAM L SHARK | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SAFIYA KHALID | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT G KENNEY | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN DUNDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN HAMMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH BIEMANN | CHIEF EXECUTIVE OFFICER Officer | 40 | $219,437 | $39,816 |
| KEITH BISSON | PRESIDENT Officer | 39 | $222,590 | $10,176 |
| COLLEEN IPPOLITO | SVP, HUMAN RESOURCES AND OFFICE ADMINISTRATION Highest-paid employee | 40 | $120,744 | $46,322 |
| JENNIFER SPORZYNSKI | SVP, WORKFORCE & BUSINESS Highest-paid employee | 40 | $116,982 | $47,327 |
| DANIEL WALLACE | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $119,391 | $44,389 |
| LAURA BUXBAUM | SVP, PUBLIC POLICY & RESOU Highest-paid employee | 39 | $108,303 | $49,937 |
| THOMAS P BURNHAMTHOMAS P BURNHAM | DIRECTOR OF LOAN QUALITY AND COMPLIANCE Highest-paid employee | 40 | $104,930 | $22,584 |
| TERESA JANKOVIC | OUTSOURCED CFO Officer | 40 | $106,550 | $0 |
| ADLER PRIOLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA T BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH MATTINGLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIANA WARNER | OUTGOING DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE VAN DUSEN GODSCHALK | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES J RUDELITCH ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHIP NEWELL | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| DEBBY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEVIN COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| IAN YAFFE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON PARENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANNETTE ANDRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN DORRER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRYSTAL WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIRIAM L SHARK | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SAFIYA KHALID | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT G KENNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN DUNDON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN HAMMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 FEDERAL ST, BRUNSWICK, ME 04011-1510
- Principal officer (990 for 2024)
- ELISABETH BIEMANN, 30 FEDERAL STREET, BRUNSWICK, ME 04011
- Signed the 990
- ELISABETH BIEMANN, CEO
- Phone
- (207) 504-5900
- Website
- WWW.CEIMAINE.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
CEI INTEGRATES FINANCING, SMALL BUSINESS AND INDUSTRY EXPERTISE, AND POLICY SOLUTIONS TO GROW A VIBRANT FUTURE FOR PEOPLE AND COMMUNITIES WITH LOW INCOME IN MAINE AND RURAL REGIONS.
Program accomplishments
- TO HELP CREATE OPPORTUNITIES FOR COMMUNITIES AND INDIVIDUALS, ESPECIALLY THOSE WITH LOW INCOMES, BY DEVELOPING AND ADMINISTERING PROGRAMS AND MOBILIZING FUNDS TO STIMULATE ECONOMIC ACTIVITY THROUGH INVESTMENT, TECHNICAL ASSISTANCE, EDUCATION AND TRAINING PRIMARILY IN SMALL BUSINESSES, AFFORDABLE HOUSING AND COMMUNITY FACILITIES.Expenses $17,722,189 · grants $2,229,628 · revenue $5,763,522
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 01-0347504
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1978
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $166,561,368
- Income (IRS master file)
- $20,427,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $19,896,255 | $23,228,135 | $166,561,368 | XML |
| 990 | September 2024 | $39,919,564 | $23,726,709 | $151,608,145 | XML |
| 990 | September 2023 | $22,641,314 | $18,685,864 | $125,867,837 | XML |
| 990 | September 2022 | $13,614,519 | $12,902,636 | $113,144,533 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0347504).
Questions about COASTAL ENTERPRISES INC
- What is the EIN of COASTAL ENTERPRISES INC?
- The employer identification number (EIN) of COASTAL ENTERPRISES INC is 01-0347504.
- Is COASTAL ENTERPRISES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to COASTAL ENTERPRISES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COASTAL ENTERPRISES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COASTAL ENTERPRISES INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COASTAL ENTERPRISES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COASTAL ENTERPRISES INC?
- The 990 for the year ended September 30, 2025 names ELISABETH BIEMANN.
- Who are the officers and directors of COASTAL ENTERPRISES INC?
- The 990 for the year ended September 30, 2025 lists 32 people; 10 received compensation from the organization, the highest $260,315 (ELISABETH BIEMANN, CHIEF EXECUTIVE OFFICER).
- How much revenue does COASTAL ENTERPRISES INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $19,896,255, expenses of $23,228,135 and total assets of $166,561,368 at year end.
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