SOUTHERN MAINE FINANCE AGENCY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SOUTHERN MAINE FINANCE AGENCY (EIN 01-0472964)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-04-24
IRS object ID: 201221159349300422
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-04-24T15:48:20-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RUNYON KERSTEEN OUELLETTE	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	20 LONG CREEK DRIVE	AddressLine1
City	SOUTH PORTLAND	City
State	ME	State
ZIP Code	04106	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	010472964	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	BIDDEFORD-SACO AREA ECONOMIC DEVELOPMENT	BusinessNameLine1
Business Name Line2	CORPORATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	BIDD	NameControl
Phone	2072821748	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	190 MAIN STREET PO BOX 536	AddressLine1
City	SACO	City
State	ME	State
ZIP Code	04072	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	WILLIAM O ARMITAGE II	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	2072821748	Phone
Date Signed	2012-04-24	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	THOMAS EMERY	Name
Phone	2077732986	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	WILLIAM O ARMITAGE II	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	190 MAIN STREET PO BOX 536	AddressLine1
City	SACO	City
State	ME	State
ZIP Code	04072	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	290084	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	BSAEDC.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1992	YearFormation
State Legal Domicile	ME	StateLegalDomicile
Activity Or Mission Description	TO PROMOTE SUSTAINABLE, LONG-TERM ECONOMIC PROSPERITY FOR THE BIDDEFORD-SACO MAINE AREA. THE CORPORATION IS A CATALYST FOR COOPERATION, TEAMWORK, AND MUTUAL SUCCESS THROUGH THE: (1) CREATION AND RETENTION OF QUALITY JOBS FOR THE PEOPLE OF BIDDEFORD-SACO TARGETING THE LOW TO MODERATE INCOME POPULATION AND (2) DEVELOPMENT AND PROMOTION OF POLICIES, PROJECTS AND PROGRAMS THAT WILL ACCOMODATE AND CAPTURE NEW INVESTMENT IN BIDDEFORD-SACO.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	11	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	11	NbrIndependentVotingMembers
Total Nbr Employees	3	TotalNbrEmployees
Total Nbr Volunteers	16	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	263997	ContributionsGrantsPriorYear
Contributions Grants Current Year	33267	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	294775	ProgramServiceRevenuePriorYear
Program Service Revenue CY	256817	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	558772	TotalRevenuePriorYear
Total Revenue Current Year	290084	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	196208	SalariesEtcPriorYear
Salaries Etc Current Year	187378	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	911	TotalFundrsngExpCurrentYear
Other Expense Prior Year	125484	OtherExpensePriorYear
Other Expenses Current Year	209076	OtherExpensesCurrentYear
Total Expenses Prior Year	321692	TotalExpensesPriorYear
Total Expenses Current Year	396454	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	237080	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-106370	RevenuesLessExpensesCY
Total Assets BOY	4399608	TotalAssetsBOY
Total Assets EOY	4053538	TotalAssetsEOY
Total Liabilities BOY	1326988	TotalLiabilitiesBOY
Total Liabilities EOY	1087288	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	3072620	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2966250	NetAssetsOrFundBalancesEOY
Mission Description	TO PROMOTE SUSTAINABLE, LONG-TERM ECONOMIC PROSPERITY FOR THE BIDDEFORD-SACO MAINE AREA.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	234694	Expense
Revenue	256817	Revenue
Description	THE CORPORATION SERVICED LOANS MADE IN PRIOR YEARS AND MADE NEW LOANS TO COMPANIES THAT PROVIDE JOBS WITHIN THE COMMUNITIES OF BIDDEFORD AND SACO MAINE.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	20739	Expense
Description	BIDDEFORD-SACO BUY LOCAL PROGRAM - A COLLABORATIVE EFFORT WORKING TO SHOWCASE THE BUSINESSES OF THE TWO COMMUNITIES AND ENCOURAGE A SHIFT IN THE LOCAL BUYING HABITS TO BOOST THE LOCAL ECONOMY.	Description

Field	Value	IRS element (for citing)
Total Program Service Expense	255433	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	1	LobbyingActivities
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	0	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	1	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	3	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	11	NbrVotingGoverningBodyMembers
Number Independent Voting Members	11	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	1	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	ME	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	WILLIAM O ARMITAGE II	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2072821748	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	190 MAIN STREET 3RD FLOOR/ PO BOX	AddressLine1
City	SACO	City
State	ME	State
ZIP Code	04072	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
ROBERT QUENTIN
PRESIDENT	1.00	X	X	0	0	0
MARYANNA ARSENAULT
VICE-PRESIDENT	0.50	X	X	0	0	0
PETER MORELLI
SECRETARY	0.50	X	X	0	0	0
DAN D'ENTREMONT
TREASURER	1.00	X	X	0	0	0
KIM DENNIS
DIRECTOR	0.50	X		0	0	0
PEG LEVASSEUR
DIRECTOR	0.50	X		0	0	0
DANIEL STEVENSON
DIRECTOR	0.50	X		0	0	0
MIKE KNOWLES
DIRECTOR	0.50	X		0	0	0
JEFF CHRISTENBURY
DIRECTOR	0.50	X		0	0	0
DON BALLUTE
DIRECTOR	0.50	X		0	0	0
JOANNE TWOMEY
DIRECTOR	0.50	X		0	0	0
WILLIAM O ARMITAGE II
EXECUTIVE DIRECTOR	40.00		X	79902	0	11595

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	79902	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	11595	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Government Grants	20204	GovernmentGrants
All Other Contributions	13063	AllOtherContributions
Total Contributions	33267	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INTEREST INCOME	900099	235964	235964
LOAN FEE INCOME	900099	20853	20853

Field	Value	IRS element (for citing)
Total Program Service Revenue	256817	TotalProgramServiceRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	290084	TotalRevenueColumn
Related Or Exempt Function Income	256817	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	91107	Total
Program Services	18221	ProgramServices
Management And General	71975	ManagementAndGeneral
Fundraising	911	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	72162	Total
Program Services	42785	ProgramServices
Management And General	29377	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1717	Total
Program Services	1018	ProgramServices
Management And General	699	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	10789	Total
Program Services	6397	ProgramServices
Management And General	4392	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	11603	Total
Program Services	6879	ProgramServices
Management And General	4724	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	1295	Total
Program Services	752	ProgramServices
Management And General	543	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	8200	Total
Program Services	4764	ProgramServices
Management And General	3436	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	6092	Total
Program Services	3539	ProgramServices
Management And General	2553	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	23309	Total
Program Services	22232	ProgramServices
Management And General	1077	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	6960	Total
Program Services	4043	ProgramServices
Management And General	2917	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	22974	Total
Program Services	13346	ProgramServices
Management And General	9628	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	7240	Total
Program Services	4206	ProgramServices
Management And General	3034	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	31931	Total
Program Services	31931	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2796	Total
Program Services	1624	ProgramServices
Management And General	1172	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	4930	Total
Program Services	2864	ProgramServices
Management And General	2066	ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
BAD DEBTS	65564	65564
ANNUAL PROGRAM FEE	21783	21783
REPAIRS AND MAINTENANCE	2600	1510	1090
MISCELLANEOUS	1164	676	488
DUES & MEMBERSHIPS	880	511	369

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1358	Total
Program Services	788	ProgramServices
Management And General	570	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	396454	Total
Program Services	255433	ProgramServices
Management And General	140110	ManagementAndGeneral
Fundraising	911	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	481435	BOY
EOY	674198	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	11368	BOY
EOY	14179	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	3042	BOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	3895191	BOY
EOY	3359553	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	5899	BOY
EOY	4256	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	61245	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	59893	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2673	BOY
EOY	1352	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	4399608	BOY
EOY	4053538	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	11047	BOY
EOY	15247	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	1070418	BOY
EOY	820240	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	245523	BOY
EOY	251801	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1326988	BOY
EOY	1087288	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	453090	BOY
EOY	662099	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2619530	BOY
EOY	2304151	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3072620	BOY
EOY	2966250	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4399608	BOY
EOY	4053538	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-106370	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	1	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	24987	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	173072	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	28004	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	263997	CurrentTaxYearMinus1Year
Current Tax Year	33267	CurrentTaxYear
Total	523327	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	24987	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	173072	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	28004	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	263997	CurrentTaxYearMinus1Year
Current Tax Year	33267	CurrentTaxYear
Total	523327	Total

Field	Value	IRS element (for citing)
Public Support Total170	523327	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	31455	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	24671	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2923	CurrentTaxYearMinus2Years
Total	59049	Total

Field	Value	IRS element (for citing)
Total Support	582376	TotalSupport
Gross Receipts From Admissions Etc	1275211	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.89860	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.85430	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	Volunteers
Paid Staff Or Management	1	PaidStaffOrManagement
Media Advertisements	0	MediaAdvertisements
Mailings Members	0	MailingsMembers
Publications Or Broadcast	0	PublicationsOrBroadcast
Grants Other Organizations	0	GrantsOtherOrganizations
Direct Contact Legislators	1	DirectContactLegislators
Direct Contact Legislators	$915	DirectContactLegislatorsAmount
Rallies Demonstrations	0	RalliesDemonstrations
Other Activities	0	OtherActivities
Total Lobbying Expenditures IIB	915	TotalLobbyingExpendituresIIB
Not Described In501c3	0	NotDescribedIn501c3

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	61245	OtherCostOrOtherBasis
Depreciation	59893	Depreciation
Book Value	1352	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1352	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	CITY OF BIDDEFORD MICRO LOAN PROGRAM PAYABLE	Description
Amount	$251,801	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	251801	TotalOfAmounts
Total Revenue	290084	TotalRevenue
Total Expenses	396454	TotalExpenses
Excess Or Deficit For Year	-106370	ExcessOrDeficitForYear
Total Adjustments	0	TotalAdjustments
Excess Or Deficit Per FS	-106370	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	290084	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	290084	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	290084	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	396454	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	396454	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	396454	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	Identifier
Return Reference	PART X:	ReturnReference
Explanation	EFFECTIVE JULY 1, 2009, THE ORGANIZATION ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS PROVIDED FOR IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THIS STATEMENT CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATISFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THERE WAS NO CUMULATIVE EFFECT ON THE CORPORATION'S FINANCIAL STATEMENTS RELATED TO ADOPTION OF THIS INTERPRETATION, AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. THE CORPORATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDED JUNE 30, 2008 THROUGH 2011.	Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	ROBERT QUENTIN	BusinessNameLine1

Field	Value	IRS element (for citing)
Relationship	BOARD PRESIDENT IS AN OFFICER OF THE SACO & BIDDEFORD SAVINGS BANK.	Relationship
Amount Of Transaction	199999	AmountOfTransaction
Description Of Transaction	SACO & BIDDEFORD SAVINGS INSTITUTION IS A 1/3 PARTICIPANT IN A $1,500,000 LINE OF CREDIT ISSUED BY THE BIDDEFORD SAVINGS BANK WITH AN OUTSTANDING BALANCE OF $599,998. THE LINE ISSECURED BY LOANS RECEIVABLE IN THE FAME PROGRAM PORTFOLIO.	DescriptionOfTransaction
Sharing Of Revenues	0	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	ExplanationExplanation	Return ReferenceReturnReference
FORM 990, PART VI, SECTION A, LINE 7A	THE CITIES OF BIDDEFORD, ME AND SACO, ME EACH HAVE TWO SEATS ON THE BOARD AND THE AREA CHAMBER OF COMMERCE HAS ONE SEAT.
FORM 990, PART VI, SECTION B, LINE 11	A COPY OF THIS FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR FOR REVIEW PRIOR TO FILING.
	THIS POLICY IS REVIEWED AND SIGNED BY THE BOARD OF DIRECTORS AT EACH ANNUAL MEETING.	FORM 990, PART VI, SECTION B, LINE 12C
	THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW THE EXECUTIVE DIRECTOR'S PERFORMANCE AND TO APPROVE HIS COMPENSATION PACKAGE. UPON INITIAL HIRING AND PERIODICALLY OVER THE YEARS A MORE EXHAUSTIVE REVIEW, INCLUDING COMPARABILITY DATA, IS PERFORMED.	FORM 990, PART VI, SECTION B, LINE 15A
	THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.	FORM 990, PART VI, SECTION C, LINE 19
	THE EXECUTIVE COMMITTEE ACTS AS THE AUDIT COMMITTEE. THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS DID NOT CHANGE DURING THE YEAR.	FORM 990, PART XII, LINE 2(C), OVERSIGHT OF AUDIT AND INDEPENDENT AUDITORS: