2025-05-14T07:13:48-05:00 2024-06-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2023-07-01 010509118 Maine International Trade Center MAIN 2075417400 2 Portland Fish Pier 204 Portland ME 04101 Wade Merritt President 2075417400 2025-05-12 1 1 Joseph R Byrne P01289281 2077752387 2025-05-12 2023 2025-03-06 01:10:19Z Wade Merritt 2 Portland Fish Pier 204 Portland ME 04101 1934216 0 X www.mitc.com X 1996 ME To expand Maine's economy through increased international trade in goods and services, and related activities. 13 12 17 13 0 0 1576581 1798367 185162 127798 224 251 7800 7800 1769767 1934216 409770 704561 0 0 591844 584960 0 0 223349 896219 779485 1897833 2069006 -128066 -134790 2065967 1842642 1207663 1166959 858304 675683 X To promote the expansion of Maine's economy through increased international trade in goods and services, and related activities. 0 0 891569 704561 111276 Trade Missions:Each year the Trade Center organizes a gubernatorial trade mission, as well as smaller trade missions. The trade missions provide one-on-one meetings with potential foreign trade partners and unique networking opportunities. Trade missions are particularly useful for first time exporters or companies having difficulty expanding into a particular country or market. The Trade Center arranges all details of the missions including transportation, translators, and business meetings. 210341 10787 Trade Shows and International Conferences:The Trade Center offers group trips and discounts on overseas trade show space through its alliance with other government agencies. This is a convenient way for members to participate in overseas shows and display products internationally. The Maine International Trade Center also hosts international conferences and incoming delegations from overseas. Trade Center members enjoy opportunities to network with foreign buyers, commercial representatives and visiting dignitaries. 168561 5735 Programs and Seminars:The Trade Center's programs are designed to educate Maine companies in all areas of trade. The topics respond to issues of importance to our membership - ranging from the essentials in conducting international business or country/industry-specific regulations, to understanding the state and federal resources that are available for Maine's internationally active business. 127994 Technical Assistance & Trade Counseling:The Trade Center assists its members in researching new markets; reviewing trade regulations, tariffs and logistics, and in product sourcing. The Trade Center's staff is committed to providing quality information and practical advice in selecting markets for our members' products and services. There are a number of resources we have available to the public in our Portland Trade Library, and on our website where trade news and current export data is listed. We have extensive internet research capabilities and on-line database services along with internet reference guides that provide our members with timely information on foreign markets. 127994 1398465 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 57 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 X Patty Davis 2075417400 2 Portland Fish Pier 204 Portland ME 04101 Kevin Therrien Chair 1.00 0.00 X X 0 0 0 Jason Lundy Vice Chair & Treasurer 1.00 0.00 X X 0 0 0 Barbara Raths Secretary 1.00 0.00 X X 0 0 0 Sheila Adams Director 1.00 0.00 X 0 0 0 James Beaupre Director 1.00 0.00 X 0 0 0 James Cabot Director 1.00 0.00 X 0 0 0 Alyne Kemunto Cistone Director 1.00 0.00 X 0 0 0 David Colter Director 1.00 0.00 X 0 0 0 Katie Jennette Director 1.00 0.00 X 0 0 0 Adrian Kendall Director 1.00 0.00 X 0 0 0 Doug Sisko Director 1.00 0.00 X 0 0 0 Jonathan Wilcox Director 1.00 0.00 X 0 0 0 Orlina Boteva Past Director 1.00 0.00 X 0 0 0 Wade Merritt President 40.00 0.00 X X 0 109282 66577 0 109282 66577 0 0 1 0 0 99728 1621289 77350 1798367 Program Revenues 900099 127798 127798 127798 251 251 7800 0 7800 7800 7800 1934216 127798 0 8051 X 704561 704561 446245 133597 142509 170139 19314 5708 6197 7409 77859 23013 24980 29866 41542 12278 13329 15935 22580 22580 211240 195774 15466 18197 18197 38790 9831 28959 155600 155600 20066 8238 11828 3899 3899 14105 14105 5935 5935 Trade Mission & Educati 283369 283369 Miscellaneous 5704 5704 2069006 1398465 447192 223349 X 1251 1251 823446 717822 197854 308052 47746 14917 135392 31327 229732 174568 57023 55164 803255 714109 2065967 1842642 173752 281545 144190 91263 889721 794151 1207663 1166959 X 856595 675683 1709 0 858304 675683 2065967 1842642 X -134790 -47831 X 0 1 X 1 0 X 1351997 1212064 1459025 1576581 1798367 7398034 1351997 1212064 1459025 1576581 1798367 7398034 7398034 11186 8482 8127 8024 8051 43870 7441904 430214 0.99410 0.99350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132145 86844 45301 97587 87724 9863 55164 Due to Consortiums 60254 Operating Lease Liability 733897 794151 2203358 316973 316973 1886385 47831 47831 1934216 2385979 316973 316973 2069006 0 2069006 Part XI, Line 4b - Other Adjustments: Loss on Unfunded Prior Year Grant Receivable 47,831. 1 America Unagi Inc PO Box 81 Thomaston ME 04861 472865308 8000 0 Trade show & International conferences Bijou Corp 29 Knowlton St Camden ME 04843 853956948 9322 0 Trade show & International conferences Bixby & Co LLC 1 Sea Street Place Rockport ME 04841 462585642 5006 0 Trade show & International conferences; market research & diversification assistance Blue Barn LLC dba Bluet 15 Washington Ave Unit 9 Scarborough ME 04074 811044854 16227 0 Trade show & International conferences; market research & diversification assistance; e-commerce & digital marketing Blushift Aerospace Inc 2 Pegasus Street Suite 2 Brunswick ME 04011 472049924 5835 0 Training & industry events Bristol Seafood LLC 5 Portland Fish Pier Portland ME 04102 464329815 8213 0 Trade show & International conferences Cape Seafood LLC 84 Industrial Park Rd Saco ME 04072 455533855 7115 0 Trade show & International conferences Caron Engineering 116 Willie Hill Rd Wells ME 04090 010421391 13673 0 Trade show & International conferences; e-commerce & digital marketing Comfort Waters LLC dba Three Of Strong Spirits 35b Diamond St Portland ME 04101 825452448 15000 0 Market research & diversification assistance Compotech Inc 55 Baker Blvd Suite 203 Brewer ME 04412 453644973 28351 0 Trade show & International conferences Deepwater Buoyancy 394 Hill Street Biddeford ME 04005 464290494 26220 0 Trade show & International conferences Demers Food Group Inc 95 Main St 2nd Fl Auburn ME 04211 821761285 15000 0 Market research & diversification assistance Diggibles Inc 74 South St Yarmouth ME 04096 922192527 8093 0 Trade show & International conferences; compliance & certification assistance Douglas & Heather Donahue dba Balfour Farm LLC 461 Webb Rd Pittsfield ME 04967 464045593 12820 0 Trade show & International conferences Genotyping Center Of America 415 Water St Ellsworth ME 04605 461341326 10850 0 Trade show & International conferences Grimburg Less Lethal 3 Raven Ln Fryeburg ME 04037 831480736 15000 0 Market research & diversification assistance Highbyte Inc 52 Alder St Portland ME 04101 832030203 10000 0 Trade show & International conferences Immucell Corporation 56 Evergreen Drive Portland ME 04103 010382980 7500 0 Trade show & International conferences Jasper Wyman & Son 280 Main Street Milbridge ME 04658 010343273 15000 0 Trade show & International conferences Kelson Marine 2 Portland Fish Pier Ste 210 Portland ME 04101 850655970 20482 0 Trade show & International conferences; e-commerce & digital marketing; market research & diversification Maine Crisp Company Inc 20 Lithgow Street Winslow ME 04901 472230470 13774 0 Trade show & International conferences Maine Dayboat Scallops 26 Court Street Bath ME 04530 453013991 7667 0 Trade show & International conferences Maine Grains Inc 42 Court St Skowhegan ME 04976 800285401 13571 0 Market research & diversification assistance Mallard Enterprises 9 Triplet Trail Bridgton ME 04009 853621241 18000 0 Trade show & International conferences Montalvo Corp 50 Hutcherson Dr Gorham ME 04038 010344406 17269 0 Trade show & International conferences Navitour 104 Hall Street South Portland ME 04106 862580048 6000 0 E-commerce & digital marketing Ocean Renewable Power Company 254 Commercial St St 11913 Portland ME 04101 800421551 12500 0 Trade show & International conferences Ragged Coast Chocolates LLC 869 Main St Suite 500 Westbrook ME 04092 260175909 15000 0 Market research & diversification assistance Rapid Assault Tools 170 John Roberts Rd 18 South Portland ME 04106 030381252 14626 0 Trade show & International conferences Short Creek Meats LLC 6 Commerce Dr Kennebunk ME 04043 873798796 10966 0 Trade show & International conferences; market research & diversification assistance Singing Prairie Farms LLC Dba Singing Pastures 21 Holstein Lane Newcastle ME 04553 824681776 6330 0 Trade show & International conferences Sterizign Precision Technologies LLC 74 Orion St Brunswick ME 04011 812017185 5801 0 Trade show & International conferences Stone & Associates 18 Winter Street Kennebunk ME 04043 010525287 15000 0 Consulting services The Holy Donut 1189 Portland Rd Arundel ME 04046 454046257 5275 0 Market research & diversification assistance Vetro Inc 215 Commercial St 5th Floor Portland ME 04101 850887949 8000 0 Trade show & International conferences Washington Federal Strategies 102 Old Cape Road Kennebunkport ME 04046 552121155 5700 0 Trade show & International conferences Windward Ventures LLC dba Edward H Best Co 17 Dexter St Extension Thomaston ME 04861 920644075 5289 0 Trade show & International conferences Xodus Group Inc 4 Houston Center 1221 Lamar St Houston TX 77010 990362636 103453 0 Consulting services 0 38 Part I, Line 2: The process used for the disbursement of grant funds to US Based organizations require that the business complete and submit the appropriate Grant Applications to Maine International Trade Center (MITC) for review using standardized forms. The applications are reviewed by the MITC staff member who is responsible for management of the Grant Funds, currently that is the President of the Trade Center. In the specific case of SBA STEP Grants, the application is then sent to the MITC Grant Committee, which currently consists of three representatives assigned by the Trade Center President, their duty is to verify that the Grant application approved by MITC meets the SBA STEP Guidelines as determined by the Grant Awarded, currently the committee consists of the MITC Board Member, MEP President, and Director, U.S. Commercial Services located in Portland, ME. Once an application is approved, the business is then authorized to attend the Trade Mission/Trade Show or Training with the understanding that upon return they will be required to complete a post event survey and submit receipts as supporting backup for the amount of reimbursement they are requesting. The grant receipts are then reviewed by Finance and kept for supporting backup. On a quarterly basis MITC submits to the Grant issuing organization (SBA, etc) a request for reimbursement based on the fully executed Grants that were used in that quarter. Once funding is received by the grant issuing organization the authorization is then given by the President to reimburse the company for their expenses. 0 0 0 0 0 0 0 0 0 Wade Merritt President 0 109282 0 0 0 0 0 32124 0 34453 0 175859 0 0 Part I, Line 3 Wade Merritt, President is compensated by the State of Maine. The methods used to determine his compensation are not known by the Organization at the time of this filing. Form 990, Part VI, Section A, line 6 The Board of Directors shall consist of seventeen directors - eleven directors elected from the membership, and six directors appointed by the Governor. Form 990, Part VI, Section A, line 7a Members qualified to vote shall elect eleven directors from among the members. Form 990, Part VI, Section B, line 11b The prepared Form 990 is reviewed by the Director of Finance and President of MITC, and the Board Treasurer if available. Questions, if any, are collected from the group and asked of the outside tax preparer. Once the questions, if any, are answered to the satisfaction of the President, authorization is given to prepare the final document for signature and submission. The President and/or Board Treasurer make note to the Board Finance Committee at the next Board meeting that the 990 was reviewed and submitted. Form 990, Part VI, Section B, line 15 Wade Merritt, President is compensated by the State of Maine. The methods used to determine his compensation are not known the organization at the time of filing. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents and financial statements available to the public upon request. Form 990, Part IX, line 11g Consulting: Program service expenses 195,774. Management and general expenses 15,466. Fundraising expenses 0. Total expenses 211,240. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Maine International Trade Center 2 Portland Fish Pier, Suite 204 Portland, ME 04101 EIN: 01-0509118 Maine International Trade Center is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Loss on Unfunded Prior Year Grant Receivable -47,831. State of Maine State House Station Augusta ME 04333 ME Government 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 State of Maine O 308473 FMV