EIN 01-0409428

Scarborough Economic Dev Corporation

IRS 501(c) type
501(c)(3)
Num. employees
2
State
Year formed
1985
Most recent tax filings
2023-06-01
Description
Scarborough Economic Dev Corporation supports economic and business development to improve the quality of life in Scarborough, Maine by expanding the town's tax and employment base. The corporation encourages and assists businesses to physically locate within the town. In 2022/2023, they provided direct assistance to 62 local and potential local businesses, while approximately 845 others were provided with various forms of aid.
Total revenues
$281,178
2023
Total expenses
$279,838
2023
Total assets
$61,698
2023
Num. employees
2
2023

Program areas at Scarborough Economic Dev Corporation

Sedco encourages and assists the physical location of businesses within the town of Scarborough, Maine. In 2022/2023, 62 local and potential local businesses were provided with direct assistance by the town and approximately 845 others were provided with various assistance.

Personnel at Scarborough Economic Dev Corporation

NameTitleCompensation
Karen MartinPresident$116,528
Jonathan CrasnickChairperson$0
James HartleyTreasurer$0
Rick ShinaySecretary and Clerk$0
Travis KennedyVice Chair$0
...and 2 more key personnel

Financials for Scarborough Economic Dev Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$281,133
Program services$0
Investment income and dividends$45
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$281,178

Form 990s for Scarborough Economic Dev Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-03990View PDF
2022-062022-11-14990View PDF
2021-062021-11-05990View PDF
2020-062021-04-01990View PDF
2019-062020-01-29990View PDF
...and 9 more Form 990s

Organizations like Scarborough Economic Dev Corporation

OrganizationLocationRevenue
Lake Francis Case Development CorporationChamberlain, SD$254,858
Mitchell Area Development CorporationMitchell, SD$530,993
Skyway Marina DistrictSaint Petersburg, FL$95,782
First District Development CompanyWatertown, SD$430,953
Downtown Statesville Development CorporationStatesville, NC$239,570
Harbor DistrictMilwaukee, WI$790,285
Greater Winston-Salem Development CorporationWinstonsalem, NC$791,137
Wichita Downtown Development CorporationWichita, KS$905,514
StartUp HutchHutchinson, KS$245,442
Tahoe Prosperity CenterIncline Village, NV$531,461
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
December 31, 2023
Updated personnel
Identified 2 new personnel
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donations
General information
Address
PO Box 6487
Scarborough, ME 04070
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
sedcomaine.com/ 
Phone
(207) 883-4893
IRS details
EIN
01-0409428
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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