SOUTHERN MAINE FINANCE AGENCY: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SOUTHERN MAINE FINANCE AGENCY (EIN 01-0472964)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2012-12-11
IRS object ID: 201223469349300422
Schema version: 2011v1.2
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	2012-12-11T14:38:12-06:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	010440155	EIN

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	2011-07-01	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	2012-12-07	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	THOMAS EMERY	Name
PTIN	P00532592	PTIN
Phone	2077732986	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	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	340076	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	15	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	33267	ContributionsGrantsPriorYear
Contributions Grants Current Year	24497	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	256817	ProgramServiceRevenuePriorYear
Program Service Revenue CY	315514	ProgramServiceRevenueCY
Investment Income Prior Year	0	InvestmentIncomePriorYear
Investment Income Current Year	65	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	290084	TotalRevenuePriorYear
Total Revenue Current Year	340076	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	187378	SalariesEtcPriorYear
Salaries Etc Current Year	188047	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	999	TotalFundrsngExpCurrentYear
Other Expense Prior Year	209076	OtherExpensePriorYear
Other Expenses Current Year	251959	OtherExpensesCurrentYear
Total Expenses Prior Year	396454	TotalExpensesPriorYear
Total Expenses Current Year	440006	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-106370	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-99930	RevenuesLessExpensesCY
Total Assets BOY	4053538	TotalAssetsBOY
Total Assets EOY	4505415	TotalAssetsEOY
Total Liabilities BOY	1087288	TotalLiabilitiesBOY
Total Liabilities EOY	1639095	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2966250	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2866320	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	303969	Expense
Revenue	315514	Revenue
Description	THE CORPORATION SERVICED LOANS MADE IN PRIOR YEARS AND MADE NEW LOANS TO COMPANIES THAT PROVIDE JOBS WITHIN THE COMMUNITIES OF BIDDEFORD, SACO AND YORK COUNTY, MAINE.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	7470	Expense
Grants	0	Grants
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	311439	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	1	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
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 (11 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
DON BALLUTE
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
CHUCK BATES
DIRECTOR	0.50	X		0	0	0
ALAN CASAVANT
DIRECTOR	0.50	X		0	0	0
MARSTON LOVELL
DIRECTOR	0.50	X		0	0	0
WILLIAM O ARMITAGE II
EXECUTIVE DIRECTOR	40.00		X	83885	0	12837

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	83885	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	12837	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	4293	AllOtherContributions
Total Contributions	24497	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INTEREST INCOME	900099	288807	288807
LOAN FEE INCOME	900099	26707	26707

Field	Value	IRS element (for citing)
Total Program Service Revenue	315514	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	65	TotalRevenueColumn
Exclusion	$65	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	340076	TotalRevenueColumn
Related Or Exempt Function Income	315514	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$65	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	99890	Total
Program Services	19978	ProgramServices
Management And General	78913	ManagementAndGeneral
Fundraising	999	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	63864	Total
Program Services	45597	ProgramServices
Management And General	18267	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	1864	Total
Program Services	1331	ProgramServices
Management And General	533	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	10884	Total
Program Services	7771	ProgramServices
Management And General	3113	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	11545	Total
Program Services	8243	ProgramServices
Management And General	3302	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	1521	Total
Program Services	1013	ProgramServices
Management And General	508	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	9100	Total
Program Services	6059	ProgramServices
Management And General	3041	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	7254	Total
Program Services	4830	ProgramServices
Management And General	2424	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	9331	Total
Program Services	8083	ProgramServices
Management And General	1248	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	9039	Total
Program Services	6019	ProgramServices
Management And General	3020	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	21924	Total
Program Services	14598	ProgramServices
Management And General	7326	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	5125	Total
Program Services	3413	ProgramServices
Management And General	1712	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	25522	Total
Program Services	25522	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	492	Total
Program Services	328	ProgramServices
Management And General	164	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	5875	Total
Program Services	3912	ProgramServices
Management And General	1963	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral	FundraisingFundraising
BAD DEBTS	135477	135477
ANNUAL PROGRAM FEE	15212	15212
REPAIRS AND MAINTENANCE	2783	1853	930
MISCELLANEOUS	1711	1139	572	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	1593	Total
Program Services	1061	ProgramServices
Management And General	532	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	440006	Total
Program Services	311439	ProgramServices
Management And General	127568	ManagementAndGeneral
Fundraising	999	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	674198	BOY
EOY	696591	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	14179	BOY
EOY	70477	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	4009	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	3359553	BOY
EOY	3729691	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	4256	BOY
EOY	3786	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	61245	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	60384	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	1352	BOY
EOY	861	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	4053538	BOY
EOY	4505415	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	15247	BOY
EOY	10679	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	820240	BOY
EOY	1330427	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	251801	BOY
EOY	297989	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1087288	BOY
EOY	1639095	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	662099	BOY
EOY	575777	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2304151	BOY
EOY	2290543	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2966250	BOY
EOY	2866320	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4053538	BOY
EOY	4505415	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-99930	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	1	FederalGrantAuditRequired
Federal Grant Audit Performed	1	FederalGrantAuditPerformed

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	173072	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	28004	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	263997	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	33267	CurrentTaxYearMinus1Year
Current Tax Year	24497	CurrentTaxYear
Total	522837	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	173072	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	28004	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	263997	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	33267	CurrentTaxYearMinus1Year
Current Tax Year	24497	CurrentTaxYear
Total	522837	Total

Field	Value	IRS element (for citing)
Public Support Total170	522837	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	24671	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2923	CurrentTaxYearMinus3Years
Current Tax Year	65	CurrentTaxYear
Total	27659	Total

Field	Value	IRS element (for citing)
Total Support	550496	TotalSupport
Gross Receipts From Admissions Etc	1345924	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.94980	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.89860	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	$968	DirectContactLegislatorsAmount
Rallies Demonstrations	0	RalliesDemonstrations
Other Activities	0	OtherActivities
Total Lobbying Expenditures IIB	968	TotalLobbyingExpendituresIIB
Not Described In501c3	0	NotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

Field	Value	IRS element (for citing)
Identifier	EXPLANATION OF LOBBYING ACTIVITIES:	Identifier
Return Reference	PART II-B, LINE 1:	ReturnReference
Explanation	DURING THE YEAR, THE EXECUTIVE DIRECTOR SPOKE TO VARIOUS STATE COMMITTEES AND/OR LEGISLATORS, CITY COUNCILS, AND OUR FEDERAL CONGRESSIONAL DELEGATION.	Explanation

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	61245	OtherCostOrOtherBasis
Depreciation	60384	Depreciation
Book Value	861	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	861	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
CITY OF BIDDEFORD MICRO LOAN PGM PAYABLE	$257,400
CITY OF BIDDEFORD SMALL BUS. DEVELOP LOAN PGM PAYABLE	$40,589

Field	Value	IRS element (for citing)
Total Of Amounts	297989	TotalOfAmounts
Total Revenue	340076	TotalRevenue
Total Expenses	440006	TotalExpenses
Excess Or Deficit For Year	-99930	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-99930	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	340076	TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F990	0	RevenueNotRptdF990
Revenue Subtotal	340076	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	340076	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	440006	TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F990	0	ExpensesNotRptdF990
Expenses Subtotal	440006	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	440006	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	THE CORPORATION FOLLOWS 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 FOLLOWING 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, 2009 THROUGH 2012.	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 INSTITUTION.	Relationship
Amount Of Transaction	108333	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 $324,998. 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)

Return ReferenceReturnReference	ExplanationExplanation
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.
FORM 990, PART VI, SECTION B, LINE 12C	THIS POLICY IS REVIEWED AND SIGNED BY THE BOARD OF DIRECTORS AT EACH ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 15A	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 C, LINE 19	THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2(C) - AUDIT OVERSIGHT:	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.