Nonprofit · EIN 14-2065342
SACO MAIN STREET INC
Tax-exempt · SACO, ME 04072
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $254,549 | $278,875 | -$24,326 | $29,857 | $6,609 | $23,248 |
| December 31, 2023 | 990 | $197,003 | $164,621 | $32,382 | $57,308 | $9,734 | $47,574 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $230,773
- of which government grants
- $131,750
- Program service revenue
- $21,732
- Investment income
- $354
- Net income from gaming
- $1,690
- Other revenue
- $1,690
Expenses
- Grants and similar amounts paid
- $1,812
- Compensation of officers, directors and key employees
- $64,274
- Other salaries and wages
- $34,589
- Salaries, compensation and benefits (total)
- $113,646
- Professional fundraising fees
- $0
- Legal fees
- $770
- Accounting fees
- $10
- Occupancy
- $11,892
- Travel
- $355
- Depreciation
- $101
- Program services (functional)
- $181,395
- Management and general (functional)
- $62,052
- Fundraising (functional)
- $35,428
Balance sheet and other
- Total assets, start of year
- $57,308
- Total assets, end of year
- $29,857
- Total liabilities, end of year
- $6,609
- Net assets, end of year
- $23,248
- Net assets without donor restrictions
- $23,248
- Gross receipts
- $254,549
- Employees
- 4
- Volunteers
- 30
- Year formed
- 2002
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE BOLTON | DIRECTOR Trustee or director | 1 | $0 |
| AMELIA FOSTER | DIRECTOR Trustee or director | 1 | $0 |
| TORIE GORMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHERYL GRAY | DIRECTOR Trustee or director | 1 | $0 |
| BETH GUMMERE | TREASURER Trustee or director, Officer | 2 | $0 |
| MELISSA MELIM | PRESIDENT Trustee or director, Officer | 2 | $0 |
| STEFA NORMANTAS | DIRECTOR Trustee or director | 1 | $0 |
| BROOKE PALMER | DIRECTOR Trustee or director | 1 | $0 |
| JOSHUA PARKS | CITY COUNCIL Trustee or director | 1 | $0 |
| JIM SWAIN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS TALBOT | VICE PRES Trustee or director, Officer | 1 | $0 |
| WENDY WEILER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE BOLTON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL BURMAN | DIRECTOR Trustee or director | 1 | $0 |
| AMELIA FOSTER | DIRECTOR Trustee or director | 1 | $0 |
| TORIE GORMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| BETH GUMMERE | TREASURER Trustee or director, Officer | 2 | $0 |
| MELISSA MELIM | PRESIDENT Trustee or director, Officer | 2 | $0 |
| STEFA NORMANTAS | DIRECTOR Trustee or director | 1 | $0 |
| BRAD PAUL | DIRECTOR Trustee or director | 1 | $0 |
| JIM SWAIN | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS TALBOT | VICE PRES Trustee or director, Officer | 1 | $0 |
| WENDY WEILER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 15 PEPPERELL SQ, SACO, ME 04072-3377
- Principal officer (990 for 2024)
- MELISSA MELIM, PO BOX 336, SACO, ME 04072
- Signed the 990
- BETH GUMMERE, TREASURER
- Phone
- (207) 286-3546
- Website
- WWW.SACOMAINSTREET.ORG
- Return prepared by
- SIMENSKY ENGSTROM & ASSOCIATES CPA'S
Mission
LESSEN THE BURDEN OF LOCAL GOVERNMENT BY WORKING WITH PLANNING AND DEVELOPMENT DIRECTORS AND LOCAL BUSINESSES TO REVITALIZE SACO'S MAIN STREET AND DOWNTOWN
Program accomplishments
- SACO MAIN STREET SUPPORTS OUR DOWNTOWN'S ECONOMIC AND CULTURAL VITALITY THROUGH CONCENTRATED EFFORTS IN THE AREAS OF DESIGN, ORGANIZATION, PROMOTION AND ECONOMIC REVITALIZATION, WHILE PROTECTING THE CITY'S UNIQUE HISTORIC CHARACTER. THIS APPROACH IS A COMPREHENSIVE, LONG-TERM, STRATEGY TAILORED TO THE LOCAL NEEDS AND OPPORTUNITIES OF THE COMMUNITY. THE SACO MAIN STREET ORGANIZATION IMPLEMENTS ANNUAL INITIATIVES FOR ECONOMIC GROWTH AND ORGANIZES COMMUNITY ENGAGEMENT ACTIVITIES INCLUDING FAMILY FRIENDLY EVENTS SUCH AS THE ANNUAL ART FESTIVAL & PUMPKIN HARVEST FESTIVAL DRAWING THOUSANDS OF PEOPLE TO THE DOWNTOWN. SMS ORGANIZES BEAUTIFICATION EFFORTS SUCH AS SEASONAL PLANTERS, FLAGS & BANNERS ON MAIN STREET, AND PARTICIPATES IN INITIATIVES TO INCREASE PEDESTRIAN FRIENDLINESS AND EXPANSION OF PUBLIC ART, IN AN EFFORT TO CONTRIBUTE TO THE OVERALL HEALTH AND WELL-BEING OF OUR COMMUNITY.Expenses $181,395 · grants $1,812
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-2065342
- 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
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $29,857
- Income (IRS master file)
- $254,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $254,549 | $278,875 | $29,857 | XML |
| 990 | December 2023 | $197,003 | $164,621 | $57,308 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $317,996 | $366,401 | $53,676 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 14-2065342).
Questions about SACO MAIN STREET INC
- What is the EIN of SACO MAIN STREET INC?
- The employer identification number (EIN) of SACO MAIN STREET INC is 14-2065342.
- Is SACO MAIN STREET INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to SACO MAIN STREET INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SACO MAIN STREET 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 SACO MAIN STREET INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SACO MAIN STREET INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SACO MAIN STREET INC?
- The 990 for the year ended December 31, 2024 names MELISSA MELIM.
- Who are the officers and directors of SACO MAIN STREET INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does SACO MAIN STREET INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $254,549, expenses of $278,875 and total assets of $29,857 at year end.
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