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Lewiston Development Corp FY2020 filing

IRS exemption revoked

Lewiston, MEUnknown exempt organizationEIN 01-6018803

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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

FY2020 · 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
72 mo
of spending, in cash
Looks good: 71.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$654K
58% of total assets
Fine: liabilities are 58% 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
−$583K
Spent
$34K
To programs
100%
Net assets
$475K
By yearFY2020–FY2022
Revenue
−$583K
FY2020
Revenue by fiscal year
FY2020−$583K
FY2021−$171K
FY2022$365K
Expenses
$34K
FY2020
Expenses by fiscal year
FY2020$34K
FY2021$11K
FY2022$650K
Net assets
$475K
FY2020
Net assets by fiscal year
FY2020$475K
FY2021$294K
FY2022$9K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on November 15, 2025
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

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% · $34K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 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 $34K of program spending, described in the organization's own filed words · FY2019.
01

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

$34Kprogram expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$583K
Ln 12
Investment incomeLn 3$2K
Money outPt IX
$34K
Ln 25
Programscol B$34K
Owns and owesPt X
$475K
net assets · Ln 32
Cash and savingsLn 1–2$201K
Total assetsLn 16$1.1M
LiabilitiesLn 26$654K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2K
Gains on assetsLn 7−$579K
Total revenueLn 12−$583K
Assets in detailPt X, end of year
CashLn 1$111K
SavingsLn 2$89K
Cash and savings togetherLn 1–2$201K
InvestmentsLn 11–13$16K
Land, buildings, equipmentLn 10c$659K
Total assetsLn 16$1.1M
LiabilitiesLn 26$654K
Net assetsLn 32$475K
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 FY20End FY20
Cash and savingsLn 1–2$180K$201K
InvestmentsLn 11–13$36K$16K
Land, buildings, equipmentLn 10c$1.4M$659K
Total assetsLn 16$1.8M$1.1M
LiabilitiesLn 26$693K$654K
Net assetsLn 32$1.1M$475K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$575
Accounting feesLn 11c$4K
Office expensesLn 13$750
OccupancyLn 16$19K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$5K
Total functional expensesLn 25$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $365K$650K−$285K$9K 990 PDF
FY2021 −$171K$11K−$181K$294K 990 PDF
FY2020 Viewing −$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 FY2020 990 (4 parts)
Part VIII · Statement of revenue −$582,684 across 5 lines filed
VIII-3 Investment incomeExcluded from tax $1,965$1,965
VIII-6 Net rental income or lossRelated to mission $13,956$13,956
VIII-7 Net gain or loss on sales of assetsRelated to mission −$578,953−$578,953
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$19,652−$19,652
VIII-12 Total revenueRelated to mission −$584,649 · Unrelated business $0 · Excluded from tax $1,965−$582,684
Part IX · Statement of functional expenses $33,542 across 6 lines filed
IX-11b Legal fees$575
IX-11c Accounting fees$4,190
IX-13 Office expenses$750
IX-16 Occupancy$19,236
IX-23 Insurance$4,171
IX-24 Other expenses (24a–d)$4,620
IX-25 Total functional expenses$33,542
Part X · Balance sheet $1,128,513 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $26,384$111,361
X-2 Savings and temporary cash investmentsStart of year $153,987$89,424
X-4 Accounts receivableStart of year $186,003$252,528
X-9 Prepaid expenses and deferred chargesStart of year $1,372$0
X-10c Land, buildings and equipment, netStart of year $1,379,737$658,882
X-13 Program-related investmentsStart of year $35,971$16,318
X-16 Total assetsStart of year $1,783,454$1,128,513
X-17 Accounts payable and accrued expensesStart of year $96,313$90,141
X-25 Other liabilitiesStart of year $3,568$3,568
X-26 Total liabilitiesStart of year $692,535$653,820
X-27 Net assets without donor restrictionsStart of year $1,090,919$474,693
X-32 Total net assets or fund balancesStart of year $1,090,919$474,693
X-33 Total liabilities and net assetsStart of year $1,783,454$1,128,513
Part XI · Reconciliation of net assets $474,693 net assets at year end
XI-1 Total revenue−$582,684
XI-2 Total expenses$33,542
XI-3 Revenue less expenses−$616,226
XI-4 Net assets at start of year$1,090,919
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$474,693

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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