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Lewiston Development Corp

IRS exemption revoked

Lewiston, MEUnknown exempt organizationEIN 01-6018803

To promote job creation by stimulating industry and commercial development in lewiston, maine

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $361K a year · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$365K
+314% vs prior year
Spent
$650K
To programs
100%
Net assets
$9K
By yearFY2020–FY2022
Revenue
$365K
FY2022▲ +314%
Revenue by fiscal year
FY2020−$583K
FY2021−$171K
FY2022$365K
Expenses
$650K
FY2022▲ ×62
Expenses by fiscal year
FY2020$34K
FY2021$11K
FY2022$650K
Net assets
$9K
FY2022▼ -97%
Net assets by fiscal year
FY2020$475K
FY2021$294K
FY2022$9K

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on November 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $650K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Frank Carr
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Deyling
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ian Pullen
President
$0Pt VII · Sec A
See Lewiston Development Corp executive salaries →

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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

Stimulates industry and commercial development to create jobs in Lewiston, Maine.

Provided by the organization

This section is blank until Lewiston Development Corp claims this page.

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1 program service account for $650K of program spending, described in the organization's own filed words · FY2021.
01

Promote business and economic development in the city of lewiston, maine

$650Kprogram expense

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By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$365K
Ln 12
Fees for servicesLn 2g$517K
Investment incomeLn 3$2
Money outPt IX
$650K
Ln 25
Programscol B$650K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$22K
LiabilitiesLn 26$13K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$517K
Investment incomeLn 3$2
Gains on assetsLn 7−$145K
Total revenueLn 12$365K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$22K
LiabilitiesLn 26$13K
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$104K$19K
Land, buildings, equipmentLn 10c$608K$0
Total assetsLn 16$951K$22K
LiabilitiesLn 26$658K$13K
Net assetsLn 32$294K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$5K
Office expensesLn 13$502
Other expenses (24a–d)Ln 24$645K
Total functional expensesLn 25$650K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $365K$650K−$285K$9K 990 PDF
FY2021 −$171K$11K−$181K$294K 990 PDF
FY2020 −$583K$34K−$616K$475K 990 PDF

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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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $364,857 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $516,703$516,703
VIII-3 Investment incomeExcluded from tax $2$2
VIII-6 Net rental income or lossRelated to mission −$6,420−$6,420
VIII-7 Net gain or loss on sales of assetsRelated to mission −$142,059 · Excluded from tax −$3,369−$145,428
VIII-12 Total revenueRelated to mission $368,224 · Unrelated business $0 · Excluded from tax −$3,367$364,857
Part IX · Statement of functional expenses $649,756 across 3 lines filed
IX-11c Accounting fees$4,582
IX-13 Office expenses$502
IX-24 Other expenses (24a–d)$644,672
IX-25 Total functional expenses$649,756
Part X · Balance sheet $21,845 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $18,842$15,328
X-2 Savings and temporary cash investmentsStart of year $84,910$3,747
X-4 Accounts receivableStart of year $239,709$2,770
X-10c Land, buildings and equipment, netStart of year $607,799$0
X-16 Total assetsStart of year $951,260$21,845
X-17 Accounts payable and accrued expensesStart of year $25,060$13,080
X-19 Deferred revenueStart of year $5,291$0
X-25 Other liabilitiesStart of year $97,846$0
X-26 Total liabilitiesStart of year $657,598$13,080
X-27 Net assets without donor restrictionsStart of year $293,662$8,765
X-32 Total net assets or fund balancesStart of year $293,662$8,765
X-33 Total liabilities and net assetsStart of year $951,260$21,845
Part XI · Reconciliation of net assets $8,765 net assets at year end
XI-1 Total revenue$364,857
XI-2 Total expenses$649,756
XI-3 Revenue less expenses−$284,899
XI-4 Net assets at start of year$293,662
XI-9 Other changes in net assets$2
XI-10 Net assets at end of year$8,765

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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