Nonprofit · EIN 01-0535770
ORONO ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ORONO, ME 04473
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | -$411,486 | $23,151 | -$434,637 | $272,436 | $0 | $272,436 |
| June 30, 2024 | 990 | $78,914 | $37,180 | $41,734 | $698,861 | $0 | $698,861 |
| June 30, 2023 | 990 | $250,713 | $16,919 | $233,794 | $641,532 | $0 | $641,532 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,322
- Program service revenue
- $0
- Investment income
- -$422,808
- Net gain from sales of assets
- -$436,326
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,447
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,140
- Accounting fees
- $800
- Depreciation
- $5,381
- Program services (functional)
- $23,151
Balance sheet and other
- Total assets, start of year
- $698,861
- Total assets, end of year
- $272,436
- Total liabilities, end of year
- $0
- Net assets, end of year
- $272,436
- Publicly traded securities
- $225,382
- Net assets without donor restrictions
- $272,436
- Gross receipts
- $69,840
- Employees
- 0
- Year formed
- 2000
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BASS | TREASURER Trustee or director, Officer | 1 | $0 |
| NANCY PRISK | DIRECTOR Trustee or director | 1 | $0 |
| GEOFFREY GORDON | DIRECTOR Trustee or director | 1 | $0 |
| JAMES GERRITY | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LAUREN ROSS | DIRECTOR Trustee or director | 1 | $0 |
| DAVE PICKERING | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| STEPHANIE WELCOMER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PARKER | DIRECTOR Trustee or director | – | $0 |
| JACOB BAKER | SECRETARY Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BASS | TREASURER Trustee or director, Officer | 1 | $0 |
| MARK ERHARDT | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| GEOFFREY GORDON | DIRECTOR Trustee or director | 1 | $0 |
| LORIE OSHER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID PICKERING | DIRECTOR Trustee or director | 1 | $0 |
| STEVENSON SHEPPARD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID THOMPSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEPHAINE WELCOMER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BASS | TREASURER Trustee or director, Officer | – | $0 |
| MARK ERHARDT | VICE PRESIDE Trustee or director, Officer | – | $0 |
| GEOFFREY GORDON | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE OSHER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID PICKERING | DIRECTOR Trustee or director | 1 | $0 |
| STEVENSON SHEPPARD | PRESIDENT Trustee or director, Officer | – | $0 |
| DAVID THOMPSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEPHANIE WELCOMER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 335, ORONO, ME 04473-0335
- Mailing address (990-N for 2021)
- PO Box 335, Orono ME 04473
- Principal officer (990 for 2024)
- ROBERT BASS, PO BOX 335, ORONO, ME 04473
- Signed the 990
- ROBERT BASS, TREASURER
- Phone
- (207) 944-7554
- Return prepared by
- FREEMAN & ASSOCIATES CPAS
Mission
ENHANCE ECONOMIC DEVELOPMENT IN THE GREATER ORONO, ME AREA BY ATTRACTING NEW BUSINESSES AND CREATING NEW JOBS.
Program accomplishments
- 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.Expenses $23,151 · grants $10,447
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0535770
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $272,436
- Income (IRS master file)
- $69,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | -$411,486 | $23,151 | $272,436 | XML |
| 990 | June 2024 | $78,914 | $37,180 | $698,861 | XML |
| 990 | June 2023 | $250,713 | $16,919 | $641,532 | XML |
| 990-N for 2021 | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Robert N Bass Jr | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Robert Bass | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 01-0535770).
Questions about ORONO ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ORONO ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ORONO ECONOMIC DEVELOPMENT CORPORATION is 01-0535770.
- Is ORONO ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2001.
- Are donations to ORONO ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does ORONO ECONOMIC DEVELOPMENT CORPORATION 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 ORONO ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ORONO ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ORONO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBERT BASS.
- Who are the officers and directors of ORONO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does ORONO ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of -$411,486, expenses of $23,151 and total assets of $272,436 at year end.
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All nonprofits in ORONO · Maine · Community improvement and capacity building