Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
Maine Resource Development Corp
 
Number and street (or P.O. box number if mail is not delivered to street address)18 Lincoln Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Portland, ME04103
A Employer identification number

01-0358145
B Telephone number (see instructions)

(207) 774-2552
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$231,632J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 21,757
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 682,464 0 682,464
12 Total. Add lines 1 through 11........ 704,221 0 682,464
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,924 0 50,924 0
14 Other employee salaries and wages...... 379,639 0 379,639 0
15 Pension plans, employee benefits....... 75,992 0 75,992 0
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 22,616 0 22,616 0
c Other professional fees (attach schedule)....        
17 Interest............... 8,899 0 8,899 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 40,033 0 40,033 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 8,893 0 8,893
20 Occupancy.............. 33,641 0 33,641 0
21 Travel, conferences, and meetings....... 13,317 0 13,317 0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 70,080 0 48,510 21,570
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 704,034 0 682,464 21,570
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 704,034 0 682,464 21,570
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 187
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 21,545 32,655 32,655
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet155,007
Less: allowance for doubtful accounts bullet   130,837 155,007 155,007
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 11,452 7,879 7,879
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet508,865
Less: accumulated depreciation (attach schedule) bullet472,774 43,766 Click to see attachment36,091 36,091
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 207,600 231,632 231,632
Liabilities 17 Accounts payable and accrued expenses.......... 108,379 155,382
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 227,918 Click to see attachment204,750
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 336,297 360,132
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. -128,697 -128,500
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... -128,697 -128,500
31 Total liabilities and net assets/fund balances (see instructions). 207,600 231,632
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
-128,697
2
Enter amount from Part I, line 27a .....................
2
187
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10
4
Add lines 1, 2, and 3 ..........................
4
-128,500
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
-128,500
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 73,575 10,489 7.014491
2016 111,825 26,451 4.227628
2015 55,581 0 0.000000
2014 64,355    
2013 101,863    
2
Total of line 1, column (d) .....................
2
11.242119
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
2.248424
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
17,797
5
Multiply line 4 by line 3......................
5
40,015
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
0
7
Add lines 5 and 6........................
7
40,015
8
Enter qualifying distributions from Part XII, line 4,.............
8
21,570
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletME
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSarah Greene Telephone no.bullet (207) 774-2552

    Located atbullet18 Lincoln StreetPortlandME ZIP+4bullet04103
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    WILLIAM MCCULLOUGH PRESIDENT
    2.00     		0 0 0
    18 Lincoln Street
    Portland,ME04103
    DAVID WAGNER DIRECTOR
    2.00     		0 0 0
    18 Lincoln Street
    Portland,ME04103
    JERRY B KEENE FORMER EXECUTIVE DIRECTOR
    40.00     		50,924 0 0
    18 Lincoln Street
    Portland,ME04103
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Six bed residential care facility (PNMI Appendix F). Primarily supported by Maine DHHS. 454,667
    2 Independent living program assists mentally retarded persons in their pursuit of an optimal level of adjustment to community living, primarily funded by Maine DHHS. 249,366
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    18,068
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,068
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    18,068
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    271
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,797
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    890
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    21,570
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    21,570
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    21,570
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 101,863
    b From 2014...... 64,355
    c From 2015...... 55,581
    d From 2016...... 110,502
    e From 2017...... 73,051
    fTotal of lines 3a through e........ 405,352
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 405,352
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		101,863
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		303,489
    10 Analysis of line 9:
    a Excess from 2014.... 64,355
    b Excess from 2015.... 55,581
    c Excess from 2016.... 110,502
    d Excess from 2017.... 73,051
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		21,570 73,575 111,825 55,581 262,551
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		21,570 73,575 111,825 55,581 262,551
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		704,221 712,618 730,775 802,210 2,949,824
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		704,221 712,618 730,775 802,210 2,949,824
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aMaineCare - ILP         242,352
    bMaineCare         440,112
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 682,464
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    682,464
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1a DHHS funding for 6 bed RCF (PNMI Appendix F)
    1b DHHS funding for ILP program
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Maine Resource Development Corp
     
    Employer identification number

    01-0358145
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Maine Resource Development Corp
          		Employer identification number
    01-0358145
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ME DEPT OF HEALTH & HUMAN SERVICES
     
    11 STATE HOUSE STATION
     
    AUGUSTA, ME043330011

    		$ 21,757


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Maine Resource Development Corp
          		Employer identification number

    01-0358145
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Maine Resource Development Corp
          		Employer identification number

    01-0358145
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DATA PROCESSING FEES 9,651 0 9,651 0
    Legal and accounting 12,965 0 12,965 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    PRINTER 2011-06-16 392 392 SL 5.000000000000 0 0 0  
    ELECTRIC RANGE 2000-01-26 620 620 SL 7.000000000000 0 0 0  
    DISHWASHER 2001-03-29 490 490 SL 7.000000000000 0 0 0  
    SUMP PUMP 2010-06-01 995 995 SL 5.000000000000 0 0 0  
    FREEZER 1986-06-30 549 549 SL 8.000000000000 0 0 0  
    DISHWASHER 1986-07-10 410 410 SL 5.000000000000 0 0 0  
    TYPEWRITER 1987-07-12 135 135 SL 5.000000000000 0 0 0  
    BX VACUUM CLEANER 1988-02-22 150 150 SL 2.000000000000 0 0 0  
    TV, VIDEO & HEADPHONES 1999-10-25 620 620 SL 7.000000000000 0 0 0  
    Dryer 1992-07-01 394 394 SL 7.000000000000 0 0 0  
    WHEELCHAIR ACCESS RAMP 1994-12-09 3,860 3,860 SL 10.000000000000 0 0 0  
    REFRIGERATOR/FREEZER 2003-07-02 1,290 1,290 SL 7.000000000000 0 0 0  
    KITCHEN FLOOR 2003-03-14 1,350 1,350 SL 5.000000000000 0 0 0  
    FLOORING 2003-04-15 1,386 1,386 SL 5.000000000000 0 0 0  
    FLOORING 2003-04-28 2,426 2,426 SL 5.000000000000 0 0 0  
    FLOORING 2003-06-12 1,226 1,226 SL 5.000000000000 0 0 0  
    VARIOUS 1980-01-10 54 54 SL 5.000000000000 0 0 0  
    VACUUM CLEANER 1983-09-01 160 160 SL 5.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 1984-01-01 10,035 10,035 SL 25.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 1985-01-01 302 302 SL 25.000000000000 0 0 0  
    4 CHAIRS 1986-03-01 40 40 SL 3.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 1986-05-01 945 945 SL 15.000000000000 0 0 0  
    SHOWER DOORS 1986-06-01 220 220 SL 10.000000000000 0 0 0  
    MAINT. CONTRACT - FREEZER 1986-09-30 159 159 SL 7.000000000000 0 0 0  
    BUZZER 1986-12-24 121 121 SL 5.000000000000 0 0 0  
    ADDING MACHINE 1988-03-28 63 63 SL 5.000000000000 0 0 0  
    LIGHT FIXTURES 1988-04-04 182 182 SL 10.000000000000 0 0 0  
    CONSTRUCTION PROJECT 1988-11-01 111,544 110,304 SL 30.000000000000 1,240 0 1,240  
    ELECTRIC HOT WATER HEATER 1990-09-26 307 307 SL 5.000000000000 0 0 0  
    REPLACEMENT OF AIR COMPRESSOR 1991-04-22 989 989 SL 5.000000000000 0 0 0  
    ELECTRIC RANGE 1991-07-10 800 800 SL 10.000000000000 0 0 0  
    3 Beds 1992-07-01 201 201 SL 7.000000000000 0 0 0  
    Treadmill 1993-03-31 76 76 SL 7.000000000000 0 0 0  
    3 story ladder 1993-06-23 345 345 SL 7.000000000000 0 0 0  
    FUTON FURNITURE 1993-11-10 109 109 SL 7.000000000000 0 0 0  
    MICROWAVE OVEN 1994-03-21 110 110 SL 7.000000000000 0 0 0  
    FLOORING 2003-07-18 1,870 1,870 SL 5.000000000000 0 0 0  
    AIR CONDITIONER 1994-06-16 245 245 SL 7.000000000000 0 0 0  
    REPLACE MAIN BOARD 2008-04-01 335 335 SL 7.000000000000 0 0 0  
    COMPUTER PACKAGE 2004-05-10 1,576 1,576 SL 5.000000000000 0 0 0  
    ROOF GUTTER REPAIR & DOOR 2004-06-14 925 925 SL 5.000000000000 0 0 0  
    ELECTRICAL WORK 2006-08-18 875 875 SL 5.000000000000 0 0 0  
    ROOF REPAIR 2006-06-26 9,995 9,995 SL 5.000000000000 0 0 0  
    PAINTING 2007-02-26 8,000 8,000 SL 5.000000000000 0 0 0  
    CABINET DOOR & TRIM 2006-09-27 1,134 1,134 SL 5.000000000000 0 0 0  
    CABINET WORK, NEW BATHROOM 2006-08-21 800 800 SL 5.000000000000 0 0 0  
    ELECTRICAL WORK 1999-07-02 748 748 SL 5.000000000000 0 0 0  
    BUILDING LAUNDRY ROOM 2007-02-17 12,600 12,600 SL 5.000000000000 0 0 0  
    RENOVATIONS 2007-02-26 13,000 13,000 SL 5.000000000000 0 0 0  
    4 BEDSTANDS & 1 BUREAU 1999-07-14 855 855 SL 7.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 1985-01-01 5,942 5,942 SL 10.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 1978-10-31 24,168 24,168 SL 25.000000000000 0 0 0  
    BED FRAME & 2 MATTRESSES 1999-11-30 315 315 SL 7.000000000000 0 0 0  
    CARPET MACHINE & VACUUM CLEANER 2001-06-18 408 408 SL 7.000000000000 0 0 0  
    WASHING MACHINE 2001-07-31 440 440 SL 7.000000000000 0 0 0  
    HIDE-AWAY BED 1983-06-01 499 499 SL 8.000000000000 0 0 0  
    MOTION SENSORS, WALL, RAILING 2009-11-23 1,242 1,242 SL 5.000000000000 0 0 0  
    BED - BEDDING 1989-11-08 200 200 SL 5.000000000000 0 0 0  
    3 Beds 1993-05-28 210 210 SL 7.000000000000 0 0 0  
    DOOR HOLDERS/CLOSERS-MAGNETIC 1994-06-10 800 800 SL 5.000000000000 0 0 0  
    ELECTRICAL UPGRADE 1996-11-21 299 299 SL 10.000000000000 0 0 0  
    FLOOR COVERINGS 1998-12-07 4,965 4,965 SL 5.000000000000 0 0 0  
    FREEZER 2001-08-10 385 385 SL 7.000000000000 0 0 0  
    BUILDING IMPROVEMENT 1980-03-04 88 88 SL 25.000000000000 0 0 0  
    LAWN MOWER 1985-05-01 115 115 SL 5.000000000000 0 0 0  
    ALL BRAND VACUUM CLEANER 1987-06-30 210 210 SL 5.000000000000 0 0 0  
    MICROWAVE OVEN 1991-03-22 155 155 SL 5.000000000000 0 0 0  
    ALL BRAND VACUUM 1994-05-20 300 300 SL 7.000000000000 0 0 0  
    HARDWOOD FLOORING 2007-03-16 10,000 10,000 SL 5.000000000000 0 0 0  
    INSTALL 10 NEW LIGHT FIXTURES 2007-04-04 1,000 1,000 SL 5.000000000000 0 0 0  
    DECK MATERIALS 2007-04-13 5,000 5,000 SL 5.000000000000 0 0 0  
    LAND 1978-08-31 8,500   L   0 0 0  
    STOVE HOOD 2004-12-13 458 458 SL 7.000000000000 0 0 0  
    5 DINING ROOM CHAIRS 1999-09-08 806 806 SL 7.000000000000 0 0 0  
    RENOVATIONS 2007-06-01 3,000 3,000 SL 5.000000000000 0 0 0  
    FINAL PAYMENT FOR 1ST FLOOR RENOVATIONS 2007-03-30 4,000 4,000 SL 5.000000000000 0 0 0  
    DECK & RAILINGS 2007-06-11 3,000 3,000 SL 5.000000000000 0 0 0  
    PRINTER/FAX/SCANNER 2008-01-15 352 352 SL 5.000000000000 0 0 0  
    MAYTAG 2007-06-27 530 530 SL 7.000000000000 0 0 0  
    OFFICE FUTON 2007-04-09 478 478 SL 7.000000000000 0 0 0  
    FIRE PANEL & WIRING 2007-01-08 1,307 1,307 SL 5.000000000000 0 0 0  
    PLUMBING & FLOORING FOR DRYERS 2008-02-26 597 597 SL 5.000000000000 0 0 0  
    Driveway 2012-06-30 3,200 2,400 SL 8.000000000000 400 0 400  
    STAIRLIFT 2011-10-12 3,643 3,643 SL 5.000000000000 0 0 0  
    FREEZER 2011-07-25 815 815 SL 5.000000000000 0 0 0  
    FAX/SCANNER 2008-04-01 332 332 SL 5.000000000000 0 0 0  
    NOTEBOOK COMPUTER 2008-10-22 1,070 1,070 SL 5.000000000000 0 0 0  
    TWO SOFAS & CHAIR 2008-11-01 947 947 SL 7.000000000000 0 0 0  
    2 TWIN BEDS & FRAMES 2008-12-15 800 800 SL 7.000000000000 0 0 0  
    STOVE 2008-04-01 530 530 SL 7.000000000000 0 0 0  
    FIRE SUPPRESSION SYSTEM 2008-06-27 1,970 1,970 SL 7.000000000000 0 0 0  
    VELOCITY STABILIZER 1982-04-01 313 313 SL 25.000000000000 0 0 0  
    KITCHEN TABLE 2009-05-04 506 506 SL 7.000000000000 0 0 0  
    NEW FLOORING IN CLIENT BEDROOM 2009-03-03 1,139 1,139 SL 5.000000000000 0 0 0  
    FLOOR TRIM/METAL FIRE STRIP FOR CHIMNEY 2009-03-25 435 435 SL 5.000000000000 0 0 0  
    VACUUM CLEANER 1985-11-01 120 120 SL 5.000000000000 0 0 0  
    PICNIC TABLE 1989-05-17 75 75 SL 5.000000000000 0 0 0  
    2010 Chrysler Town & Country 2010-01-01 30,313 30,313 SL 4.000000000000 0 0 0  
    ELECTRICAL WORK 2009-12-16 5,822 5,822 SL 5.000000000000 0 0 0  
    DRYER 2002-02-07 420 420 SL 7.000000000000 0 0 0  
    REDO GROUT IN FF BATHROOM 2010-02-08 631 631 SL 5.000000000000 0 0 0  
    VARIOUS 1987-06-30 347 347 SL 5.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 2006-05-31 13,368 13,368 SL 5.000000000000 0 0 0  
    DISHWASHER 1983-06-01 789 789 SL 8.000000000000 0 0 0  
    KITCHEN TABLE & CHAIRS 2004-04-15 550 550 SL 7.000000000000 0 0 0  
    Steps 2012-06-30 2,200 881 SL 15.000000000000 147 0 147  
    VARIOUS 1987-06-30 205 205 SL 5.000000000000 0 0 0  
    BUILDING 1978-08-31 45,000 45,000 SL 25.000000000000 0 0 0  
    VARIOUS 1979-01-31 4,996 4,996 SL 8.000000000000 0 0 0  
    BUILDING IMPROVEMENT 1981-11-01 188 188 SL 25.000000000000 0 0 0  
    BUILDING IMPROVEMENTS 1983-02-01 2,000 2,000 SL 25.000000000000 0 0 0  
    WORD PROCESSOR 1988-06-30 825 825 SL 5.000000000000 0 0 0  
    SOA MERCHANDISE 1990-04-05 399 399 SL 5.000000000000 0 0 0  
    CAMCORDER VCR & TV 1990-06-27 1,376 1,376 SL 5.000000000000 0 0 0  
    COMPUTER HARDWARE SOFTWARE PRINTER 1991-04-12 2,503 2,503 SL 5.000000000000 0 0 0  
    APPLE COMPUTER HDE APE MAC CLASSIC II 40/4 68 1992-05-07 1,230 1,230 SL 5.000000000000 0 0 0  
    AIR CONDITIONER - 8000 PANASONIC 1992-06-29 400 400 SL 5.000000000000 0 0 0  
    COUCH 1992-06-30 339 339 SL 5.000000000000 0 0 0  
    PC6RE Copier 1993-04-15 1,124 1,124 SL 5.000000000000 0 0 0  
    3 - Three drawer files 1993-05-04 302 302 SL 7.000000000000 0 0 0  
    Software - WordPerfect 1993-06-11 375 375 SL 5.000000000000 0 0 0  
    Conference table 1993-06-16 280 280 SL 7.000000000000 0 0 0  
    Chair 1993-06-22 159 159 SL 7.000000000000 0 0 0  
    Apple laser printer 1993-06-28 741 741 SL 5.000000000000 0 0 0  
    Air conditioner - Quasar 1993-06-28 272 272 SL 7.000000000000 0 0 0  
    Computer 1995-06-21 2,500 2,500 SL 5.000000000000 0 0 0  
    Computer software 1995-06-26 356 356 SL 5.000000000000 0 0 0  
    REFRIGERATOR 1996-01-22 375 375 SL 7.000000000000 0 0 0  
    DESK 1998-08-01 180 180 SL 7.000000000000 0 0 0  
    Canon PC775 copier 1998-08-01 650 650 SL 5.000000000000 0 0 0  
    Computer/Printer 2001-04-05 2,128 2,128 SL 5.000000000000 0 0 0  
    Dell Computer 2002-06-30 1,586 1,586 SL 5.000000000000 0 0 0  
    Refrigerator 2002-06-30 175 175 SL 7.000000000000 0 0 0  
    Computer equipment 2002-07-01 210 210 SL 5.000000000000 0 0 0  
    Computer/printer 2006-06-30 3,078 3,078 SL 5.000000000000 0 0 0  
    Computer 2007-06-30 823 823 SL 5.000000000000 0 0 0  
    Software 2007-06-28 254 254 SL 5.000000000000 0 0 0  
    Laptop & printer 2008-06-26 730 730 SL 5.000000000000 0 0 0  
    Laptop & printer 2008-06-26 580 580 SL 5.000000000000 0 0 0  
    Copier 2008-06-28 600 600 SL 5.000000000000 0 0 0  
    Laptop 2010-06-30 2,295 2,295 SL 5.000000000000 0 0 0  
    DISHWASHER 2010-08-13 671 671 SL 7.000000000000 0 0 0  
    NEW PC, A/V, WARRANTY 2011-12-07 695 695 SL 5.000000000000 0 0 0  
    Convert Garage 2012-06-30 31,600 12,641 SL 15.000000000000 2,107 0 2,107  
    LAND IMPROVEMENTS 2006-06-12 440 440 SL 5.000000000000 0 0 0  
    ELECTRIC HEATERS 1995-11-27 348 348 SL 7.000000000000 0 0 0  
    VACUUM CLEANER 1995-12-22 236 236 SL 7.000000000000 0 0 0  
    BATHROOM REMODELING 1999-02-18 2,048 2,048 SL 5.000000000000 0 0 0  
    ELECTRICAL WORK 1999-02-18 989 989 SL 5.000000000000 0 0 0  
    PAINTING 2007-04-04 4,400 4,400 SL 5.000000000000 0 0 0  
    PAINTING 2007-05-17 5,000 5,000 SL 5.000000000000 0 0 0  
    NEW COMPUTER 2009-01-21 890 890 SL 5.000000000000 0 0 0  
    Ramp 2012-06-30 1,600 641 SL 15.000000000000 107 0 107  
    Laptop 2011-12-31 399 399 SL 5.000000000000 0 0 0  
    CARPENTRY 1999-03-05 998 998 SL 5.000000000000 0 0 0  
    REFINISH FLOOR 1999-04-28 525 525 SL 5.000000000000 0 0 0  
    Computer 2013-06-17 839 839 SL 5.000000000000 0 0 0  
    Freezer 2014-11-24 2,861 2,050 SL 5.000000000000 572 0 572  
    REWIRING AMPLIFLIER BOX 2006-08-01 2,376 2,376 SL 5.000000000000 0 0 0  
    CARPENTRY 2006-08-09 2,344 2,344 SL 5.000000000000 0 0 0  
    SWITCH BOX 2006-08-23 703 703 SL 5.000000000000 0 0 0  
    CABINET AROUND BOX 2006-09-27 314 314 SL 5.000000000000 0 0 0  
    FIRE EQUIPMENT 2008-08-20 655 655 SL 7.000000000000 0 0 0  
    Office air conditioner 2006-06-21 279 279 SL 7.000000000000 0 0 0  
    Refrigerator 2012-07-27 616 616 SL 5.000000000000 0 0 0  
    Computer 2015-03-03 750 450 SL 5.000000000000 150 0 150  
    Vehicle 2014-08-08 2,500 1,958 SL 5.000000000000 500 0 500  
    Computer 2016-01-28 665 321 SL 5.000000000000 133 0 133  
    2 dryers & washing machine 2015-11-09 3,529 1,883 SL 5.000000000000 706 0 706  
    Stove 2015-11-19 530 274 SL 5.000000000000 106 0 106  
    2008 Honda Element 2016-09-08 11,738 4,304 SL 5.000000000000 2,348 0 2,348  
    Dishwasher 2018-01-31 769 64 SL 5.000000000000 154 0 154  
    Refrigerator 2018-07-31 1,215   SL 5.000000000000 223 0 223  

    TY 2018 LandEtcSchedule2
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PRINTER 392 392 0  
    ELECTRIC RANGE 620 620 0  
    DISHWASHER 490 490 0  
    SUMP PUMP 995 995 0  
    FREEZER 549 549 0  
    DISHWASHER 410 410 0  
    TYPEWRITER 135 135 0  
    BX VACUUM CLEANER 150 150 0  
    TV, VIDEO & HEADPHONES 620 620 0  
    Dryer 394 394 0  
    WHEELCHAIR ACCESS RAMP 3,860 3,860 0  
    REFRIGERATOR/FREEZER 1,290 1,290 0  
    KITCHEN FLOOR 1,350 1,350 0  
    FLOORING 1,386 1,386 0  
    FLOORING 2,426 2,426 0  
    FLOORING 1,226 1,226 0  
    VARIOUS 54 54 0  
    VACUUM CLEANER 160 160 0  
    BUILDING IMPROVEMENTS 10,035 10,035 0  
    BUILDING IMPROVEMENTS 302 302 0  
    4 CHAIRS 40 40 0  
    BUILDING IMPROVEMENTS 945 945 0  
    SHOWER DOORS 220 220 0  
    MAINT. CONTRACT - FREEZER 159 159 0  
    BUZZER 121 121 0  
    ADDING MACHINE 63 63 0  
    LIGHT FIXTURES 182 182 0  
    CONSTRUCTION PROJECT 111,544 111,544 0  
    ELECTRIC HOT WATER HEATER 307 307 0  
    REPLACEMENT OF AIR COMPRESSOR 989 989 0  
    ELECTRIC RANGE 800 800 0  
    3 Beds 201 201 0  
    Treadmill 76 76 0  
    3 story ladder 345 345 0  
    FUTON FURNITURE 109 109 0  
    MICROWAVE OVEN 110 110 0  
    FLOORING 1,870 1,870 0  
    AIR CONDITIONER 245 245 0  
    REPLACE MAIN BOARD 335 335 0  
    START-UP COSTS 5,849 5,849 0  
    COMPUTER PACKAGE 1,576 1,576 0  
    ROOF GUTTER REPAIR & DOOR 925 925 0  
    ELECTRICAL WORK 875 875 0  
    ROOF REPAIR 9,995 9,995 0  
    PAINTING 8,000 8,000 0  
    CABINET DOOR & TRIM 1,134 1,134 0  
    CABINET WORK, NEW BATHROOM 800 800 0  
    ELECTRICAL WORK 748 748 0  
    BUILDING LAUNDRY ROOM 12,600 12,600 0  
    RENOVATIONS 13,000 13,000 0  
    4 BEDSTANDS & 1 BUREAU 855 855 0  
    BUILDING IMPROVEMENTS 5,942 5,942 0  
    BUILDING IMPROVEMENTS 24,168 24,168 0  
    BED FRAME & 2 MATTRESSES 315 315 0  
    CARPET MACHINE & VACUUM CLEANER 408 408 0  
    WASHING MACHINE 440 440 0  
    HIDE-AWAY BED 499 499 0  
    MOTION SENSORS, WALL, RAILING 1,242 1,242 0  
    BED - BEDDING 200 200 0  
    3 Beds 210 210 0  
    DOOR HOLDERS/CLOSERS-MAGNETIC 800 800 0  
    ELECTRICAL UPGRADE 299 299 0  
    FLOOR COVERINGS 4,965 4,965 0  
    FREEZER 385 385 0  
    BUILDING IMPROVEMENT 88 88 0  
    LAWN MOWER 115 115 0  
    ALL BRAND VACUUM CLEANER 210 210 0  
    MICROWAVE OVEN 155 155 0  
    ALL BRAND VACUUM 300 300 0  
    HARDWOOD FLOORING 10,000 10,000 0  
    INSTALL 10 NEW LIGHT FIXTURES 1,000 1,000 0  
    DECK MATERIALS 5,000 5,000 0  
    LAND 8,500 0 8,500  
    STOVE HOOD 458 458 0  
    5 DINING ROOM CHAIRS 806 806 0  
    RENOVATIONS 3,000 3,000 0  
    FINAL PAYMENT FOR 1ST FLOOR RENOVATIONS 4,000 4,000 0  
    DECK & RAILINGS 3,000 3,000 0  
    PRINTER/FAX/SCANNER 352 352 0  
    MAYTAG 530 530 0  
    OFFICE FUTON 478 478 0  
    FIRE PANEL & WIRING 1,307 1,307 0  
    PLUMBING & FLOORING FOR DRYERS 597 597 0  
    Driveway 3,200 2,800 400  
    STAIRLIFT 3,643 3,643 0  
    FREEZER 815 815 0  
    FAX/SCANNER 332 332 0  
    NOTEBOOK COMPUTER 1,070 1,070 0  
    TWO SOFAS & CHAIR 947 947 0  
    2 TWIN BEDS & FRAMES 800 800 0  
    STOVE 530 530 0  
    FIRE SUPPRESSION SYSTEM 1,970 1,970 0  
    VELOCITY STABILIZER 313 313 0  
    KITCHEN TABLE 506 506 0  
    NEW FLOORING IN CLIENT BEDROOM 1,139 1,139 0  
    FLOOR TRIM/METAL FIRE STRIP FOR CHIMNEY 435 435 0  
    VACUUM CLEANER 120 120 0  
    PICNIC TABLE 75 75 0  
    2010 Chrysler Town & Country 30,313 30,313 0  
    ELECTRICAL WORK 5,822 5,822 0  
    DRYER 420 420 0  
    REDO GROUT IN FF BATHROOM 631 631 0  
    VARIOUS 347 347 0  
    BUILDING IMPROVEMENTS 13,368 13,368 0  
    DISHWASHER 789 789 0  
    KITCHEN TABLE & CHAIRS 550 550 0  
    Steps 2,200 1,028 1,172  
    VARIOUS 205 205 0  
    BUILDING 45,000 45,000 0  
    VARIOUS 4,996 4,996 0  
    BUILDING IMPROVEMENT 188 188 0  
    BUILDING IMPROVEMENTS 2,000 2,000 0  
    WORD PROCESSOR 825 825 0  
    SOA MERCHANDISE 399 399 0  
    CAMCORDER VCR & TV 1,376 1,376 0  
    COMPUTER HARDWARE SOFTWARE PRINTER 2,503 2,503 0  
    APPLE COMPUTER HDE APE MAC CLASSIC II 40/4 68 1,230 1,230 0  
    AIR CONDITIONER - 8000 PANASONIC 400 400 0  
    COUCH 339 339 0  
    PC6RE Copier 1,124 1,124 0  
    3 - Three drawer files 302 302 0  
    Software - WordPerfect 375 375 0  
    Conference table 280 280 0  
    Chair 159 159 0  
    Apple laser printer 741 741 0  
    Air conditioner - Quasar 272 272 0  
    Computer 2,500 2,500 0  
    Computer software 356 356 0  
    REFRIGERATOR 375 375 0  
    DESK 180 180 0  
    Canon PC775 copier 650 650 0  
    Computer/Printer 2,128 2,128 0  
    Dell Computer 1,586 1,586 0  
    Refrigerator 175 175 0  
    Computer equipment 210 210 0  
    Computer/printer 3,078 3,078 0  
    Computer 823 823 0  
    Software 254 254 0  
    Laptop & printer 730 730 0  
    Laptop & printer 580 580 0  
    Copier 600 600 0  
    Laptop 2,295 2,295 0  
    DISHWASHER 671 671 0  
    NEW PC, A/V, WARRANTY 695 695 0  
    Convert Garage 31,600 14,748 16,852  
    LAND IMPROVEMENTS 440 440 0  
    ELECTRIC HEATERS 348 348 0  
    VACUUM CLEANER 236 236 0  
    BATHROOM REMODELING 2,048 2,048 0  
    ELECTRICAL WORK 989 989 0  
    PAINTING 4,400 4,400 0  
    PAINTING 5,000 5,000 0  
    NEW COMPUTER 890 890 0  
    Ramp 1,600 748 852  
    Laptop 399 399 0  
    CARPENTRY 998 998 0  
    REFINISH FLOOR 525 525 0  
    Computer 839 839 0  
    Freezer 2,861 2,622 239  
    REWIRING AMPLIFLIER BOX 2,376 2,376 0  
    CARPENTRY 2,344 2,344 0  
    SWITCH BOX 703 703 0  
    CABINET AROUND BOX 314 314 0  
    FIRE EQUIPMENT 655 655 0  
    Office air conditioner 279 279 0  
    Refrigerator 616 616 0  
    Computer 750 600 150  
    Vehicle 2,500 2,458 42  
    Computer 665 454 211  
    2 dryers & washing machine 3,529 2,589 940  
    Stove 530 380 150  
    2008 Honda Element 11,738 6,652 5,086  
    Dishwasher 769 218 551  
    Refrigerator 1,215 223 992  


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Total Mortgage Amount: 149,795

    Item No. 1
    Lender's Name City of Portland
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 8,448
    Balance Due 8,448
    Date of Note 2003-01
    Maturity Date  
    Repayment Terms No payments due
    Interest Rate 0.000000000000
    Security Provided by Borrower Mortgage
    Purpose of Loan Improvements
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name City of Portland
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 5,340
    Balance Due 5,340
    Date of Note 2006-05
    Maturity Date  
    Repayment Terms No payments due
    Interest Rate 0.000000000000
    Security Provided by Borrower Mortgage
    Purpose of Loan Improvements
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 3
    Lender's Name TD Bank
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 160,000
    Balance Due 149,795
    Date of Note 2017-03
    Maturity Date 2022-03
    Repayment Terms Monthly P&I
    Interest Rate 5.760000000000
    Security Provided by Borrower Mortgage
    Purpose of Loan Refinance
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 4
    Lender's Name MaineCare - Maine DHHS
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 141,887
    Balance Due 41,167
    Date of Note 2016-12
    Maturity Date 2019-12
    Repayment Terms 3% of MaineCare billings; cost report underpayments
    Interest Rate 0.000000000000
    Security Provided by Borrower Unsecured
    Purpose of Loan Cost of care overpayments
    Description of Lender Consideration  
    Consideration FMV  


    TY 2018 OtherExpensesSchedule
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Repairs and maintenance 11,713 0 11,713 0
    BANK CHARGES 355 0 355 0
    FOOD 37,957 0 37,957 0
    OFFICE SUPPLIES & EXPENSE 567 0 567 0
    SUPPLIES 6,110 0 6,110 0
    STAFF TRAINING 1,162 0 1,162 0
    MISCELLANEOUS 2,316 0 2,316 0
    Excess expenses alloc. to char. purp 0 0 -21,570 21,570
    Workers comp insurance 8,995 0 8,995 0
    Licenses & fees 540 0 540 0
    Dues & subscriptions 313 0 313 0
    Consultant fees 52 0 52 0


    TY 2018 OtherIncomeSchedule2
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MaineCare - ILP 242,352   242,352
    MaineCare 440,112   440,112


    TY 2018 OtherIncreasesSchedule
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Description Amount
    rounding 10


    TY 2018 TaxesSchedule
    Name:
    Maine Resource Development Corp
    EIN:
    01-0358145
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Service Provider Tax 40,033 0 40,033 0