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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Southern Maine Finance Agency

Southern Maine Finance Agency

Fiscal year ending 2023. Filed on May 9, 2024.

20 Pomerleau Street
Suite 300
Biddeford, Maine 04005

Southern Maine Finance Agency (EIN: 01-0472964) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, Southern Maine Finance Agency, a 501(c)(3) charitable organization, reported compensation for 1 out of 5 total employees. Among the employees shown here, the average compensation is $154,009. The highest compensated employee at Southern Maine Finance Agency is William O Armitage II with fiscal year 2023 compensation of $154,009. Southern Maine Finance Agency changed its name from Biddeford-Saco Area Economic Development Corporation in 2021.

Revenue, expenses, and employee compensation

Revenue

$719,081

Expenses

$757,888

Employee compensation

$392,617
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William O Armitage II
President
$154,009
$122,444 No related comp$31,565

Benchmark Employee Compensation

Non-Employee Board Members

Alan Casavant
Director
Andy Kany
Director
Ayn Hanselmann
Director
Betty Olsen
Director
Bob Georgitis
Director
Dick Hodgdon
Director
Greg Mitchell
Director
Jan Williams
Chair
Keith Jacques
Secretary
Keith McBride
Director
Lorraine Boston
Vice Chair
Marshall Archer
Director

Mission Statement

TO PROMOTE SUSTAINABLE ECONOMIC PROSPERITY THROUGH REGIONAL BUSINESS LENDING, TARGETING UNDERSERVED MARKETS.

Revisions to this organization profile

May 9, 2024:
2023 Southern Maine Finance Agency 990 filed
January 13, 2023:
2022 Southern Maine Finance Agency 990 filed
May 16, 2022:
2021 Southern Maine Finance Agency 990 filed

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