philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

South Park Development Corporation

Lewiston, ME501(c)(6)EIN 01-0424895Revenue $67K in FY2025

On file with the IRS27 Pine St, 04240-7204 · Lewiston, METax-exempt since 0000

Tell your story. Claim this org

Business Development - we continue to see activity in business expansion, as reflected on our return. This is creating employment opportunities and increased tax base. These are the objects of our programs. A population of about 60,000 in the lewiston and surrounding area benefit from our efforts.

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
256 mo
of spending, in cash
Looks good: 256.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
+90% vs prior year
Spent
$41K
To programs
0%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$67K
FY2025▲ +90%
Tap a bar for its year
Revenue by fiscal year
FY2021$45K
FY2022$52K
FY2023$59K
FY2024$35K
FY2025$67K
Expenses
$41K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021$46K
FY2022$43K
FY2023$44K
FY2024$44K
FY2025$41K
Net assets
$1.6M
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.6M
FY2025$1.6M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $41K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Brian Kaenrath
Vice Pres./D
$0Pt VII · Sec A
$0Pt VII · Sec A
Nathan Libby
Secretary/Di
$0Pt VII · Sec A
Tracy Roy
Director
$0Pt VII · Sec A
Carl Sheline
President/Di
$0Pt VII · Sec A
See South Park Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters business growth, creating jobs and boosting the local tax base for 60,000 residents.

Questions for South Park Development Corporation

Tap to ask. South Park Development Corporation sees how many people are interested.

Your first name shows with your question. South Park Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2024
01

We are seeing more activity in business expansion in our area as reflected on our return. This is creating employment opportunities and increased property tax base. Both are among the objects of our program. A population of about 60,000 in the lewiston and surrounding area, benefit from our efforts.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$67K
Ln 12
Other incomeLn 4–11$40K
Investment incomeLn 3$27K
Money outPt IX
$41K
Ln 25
Managementcol C$41K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$877K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$27K
Other incomeLn 4–11$40K
Total revenueLn 12$67K
Assets in detailPt X, end of year
SavingsLn 2$877K
Cash and savings togetherLn 1–2$877K
Land, buildings, equipmentLn 10c$700K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$854K$877K
Land, buildings, equipmentLn 10c$700K$700K
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$198$198
Accounting feesLn 11c$2K$2K
OccupancyLn 16$4K$4K
Other expenses (24a–d)Ln 24$36K$36K
Total functional expensesLn 25$41K$0$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $67K$41K$26K$1.6M 990 PDF
FY2024 $35K$44K−$9K$1.6M 990 PDF
FY2023 $59K$44K$15K$1.6M 990 PDF
FY2022 $52K$43K$9K$1.5M 990 PDF
FY2021 $45K$46K−$303$1.5M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $67,475 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year −$5,823$27,150
I-11 Other revenuePrior year $41,320$40,325
I-12 Total revenuePrior year $35,497$67,475
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $44,137$41,084
I-18 Total expensesPrior year $44,137$41,084
I-19 Revenue less expensesPrior year −$8,640$26,391
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $67,475 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $27,150$27,150
VIII-6 Net rental income or lossRelated to mission $40,325$40,325
VIII-12 Total revenueRelated to mission $40,325 · Excluded from tax $27,150$67,475
Part IX · Statement of functional expenses $41,084 across 4 lines filed
IX-11b Legal feesManagement $198$198
IX-11c Accounting feesManagement $1,795$1,795
IX-16 OccupancyManagement $3,521$3,521
IX-24 Other expenses (24a–d)Management $35,570$35,570
IX-25 Total functional expensesPrograms $0 · Management $41,084 · Fundraising $0$41,084
Part X · Balance sheet $1,580,298 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $853,662$877,100
X-4 Accounts receivable$2,953
X-10c Land, buildings and equipment, netStart of year $700,245$700,245
X-16 Total assetsStart of year $1,553,907$1,580,298
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,553,907$1,580,298
X-33 Total liabilities and net assetsStart of year $1,553,907$1,580,298
Part XI · Reconciliation of net assets $1,580,298 net assets at year end
XI-1 Total revenue$67,475
XI-2 Total expenses$41,084
XI-3 Revenue less expenses$26,391
XI-4 Net assets at start of year$1,553,907
XI-10 Net assets at end of year$1,580,298

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.