Orono Economic Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
ENHANCE ECONOMIC DEVELOPMENT IN THE GREATER ORONO, ME AREA BY ATTRACTING NEW BUSINESSES AND CREATING NEW JOBS.
- Income
- $-411,486
- Spending
- $23,151
- Employees
- 0
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $23,151 spent. THE ORGANIZATION LISTED AND SOLD ITS ONLY COMMERCIAL PROPERTY AT 3 GODFREY DRIVE IN ORONO IN 2015. THE SALE PRICE ALLOWED THE ORGANIZATION TO REIMBURSE THE TOWN OF ORONO FOR THE OUTSTANDING BALANCE ON THEIR BUILDING BOND, AND TO INVEST IN A RESERVE FOR FUTURE PROJECTS. IN 2016, THE ORGANIZATION HIRED WBRC ARCHITECTS AND ENGINEERS TO RECOMMEND A FINAL "BUILD-OUT" PLAN FOR THE MAINE TECHNOLOGY PARK. IN 2018, THE ORGANIZATION PURCHASED THE TAYLOR BAIT PROPERTY AT 153 TAYLOR ROAD WITH THE INTENT TO RENOVATE THE BUILDING AND PROPERTY AS A PUBLIC, FOUR-SEASON OUTDOOR CENTER. THE RENOVATION WAS COMPLETED IN LATE 2022. THE ORGANIZATION IS CURRENTLY INVOLVED IN A FEASIBILITY STUDY OF VERNAL POOL SPECIAL AREA MANAGEMENT (SAMP) FOR ORONO, EXPLORING REDEVELOPMENT EFFORTS RELATED TO AN ARTS AND CULTURAL FACIILITY IN DOWNTOWN, AND WORKING WITH THE TOWN OF ORONO TO REPURPOSE CERTAIN TOWN OWNED PROPERTIES. ON OCTOBER 22, 2024, THE ORGANIZATION SUCCESSFULLY TRANSFERRED (VIA DONATION AND NOTE RECEIVABLE) THE TAYLOR ROAD LAND AND RENOVATED BUILDING ASSETS TO THE ORONO LAND TRUST FOR ONGOING OPERATIONS, STEWARDSHIP, AND PUBLIC USE. THE ORGANIZATION LISTED AND SOLD ITS ONLY COMMERCIAL PROPERTY AT 3 GODFREY DRIVE IN ORONO IN 2015. THE SALE PRICE ALLOWED THE ORGANIZATION TO REIMBURSE THE TOWN OF ORONO FOR THE OUTSTANDING BALANCE ON THEIR BUILDING BOND, AND TO INVEST IN A RESERVE FOR FUTURE PROJECTS. IN 2016, THE ORGANIZATION HIRED WBRC ARCHITECTS AND ENGINEERS TO RECOMMEND A FINAL "BUILD-OUT" PLAN FOR THE MAINE TECHNOLOGY PARK. IN 2018, THE ORGANIZATION PURCHASED THE TAYLOR BAIT PROPERTY AT 153 TAYLOR ROAD WITH THE INTENT TO RENOVATE THE BUILDING AND PROPERTY AS A PUBLIC, FOUR-SEASON OUTDOOR CENTER. THE RENOVATION WAS COMPLETED IN LATE 2022. THE ORGANIZATION IS CURRENTLY INVOLVED IN A FEASIBILITY STUDY OF VERNAL POOL SPECIAL AREA MANAGEMENT (SAMP) FOR ORONO, EXPLORING REDEVELOPMENT EFFORTS RELATED TO AN ARTS AND CULTURAL FACIILITY IN DOWNTOWN, AND WORKING WITH THE TOWN OF ORONO TO REPURPOSE CERTAIN TOWN OWNED PROPERTIES. ON OCTOBER 22, 2024, THE ORGANIZATION SUCCESSFULLY TRANSFERRED (VIA DONATION AND NOTE RECEIVABLE) THE TAYLOR ROAD LAND AND RENOVATED BUILDING ASSETS TO THE ORONO LAND TRUST FOR ONGOING OPERATIONS, STEWARDSHIP, AND PUBLIC USE.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2001.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Maryland Economic Development Corporation (Baltimore, MD), EIN 52-1376562. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.