1. Directory
  2. Maine
  3. Somerset Economic Development Corporation
EIN 01-0535534

Somerset Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Skowhegan
State
Maine
Year formed
1999
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
To assist county businesses and local governments in accessing Economic assistance, grants and loans for job growth and retention. Promote ecnomic Development to 400 +/- clients. We assist county businesses and local governments in accessing Economic assistance, grants and loans for job growth and retention. Promote Economic Development to 400+/- clients.
Also known as...
Somerset Economic Development Economic Development
Total revenues
$551,464
2023
Total expenses
$556,851
2023
Total assets
$3,234,142
2023
Num. employees
2
2023

Program areas at Somerset Economic Development Corporation

To assist county businesses and local governments in accessing Economic assistance, grants and loans for job growth and retention. Promote Economic Development to 400 +/- clients.

Who funds Somerset Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United States Endowment ForestryEconomic Development Administration$13,530

Personnel at Somerset Economic Development Corporation

NameTitleCompensation
Christian SavageExecutive Director$90,800
Don SkillingsVice President$0
Destiny DemoPresident$0
Vicki AlwardTreasurer$0
Kathryn RuthSecretary$0
...and 2 more key personnel

Financials for Somerset Economic Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$486,715
Program services$1,120
Investment income and dividends$62,029
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$1,600
Total revenues$551,464

Form 990s for Somerset Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990View PDF
2022-122023-10-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-18990View PDF
2019-122021-04-02990View PDF
...and 11 more Form 990s

Organizations like Somerset Economic Development Corporation

OrganizationLocationRevenue
New England Trade Adjustment AssistanceNorth Billerica, MA$1,068,719
Taos County Economic Development CorpTaos, NM$309,481
Steuben County Economic Development CorporationAngola, IN$537,646
North Carolinas Eastern Economic Development CorporationEdenton, NC$2,617,071
Tye Economic Development CorporationTye, TX$278,606
Fort Belknap Community Economic Develop Ment CorporationFort Belknap, MT$529,461
Catskill Revitalization CorporationArkville, NY$1,031,643
Kodiak Economic Development CorporationKodiak, AK$270,259
Long Island Development CorporationHauppauge, NY$623,735
St Lawrence County Ida - Local Development CorporationCanton, NY$372,645
Data update history
December 26, 2024
Updated personnel
Identified 1 new personnel
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 2 new personnel
November 26, 2023
Used new vendors
Identified 1 new vendor, including
August 17, 2023
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 fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
41 CT St
Skowhegan, ME 04976
County
Somerset County, ME
Website URL
somerseteconomicdevelopment.com/ 
Phone
(207) 474-0166
IRS details
EIN
01-0535534
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Somerset Economic Development Corporation has new information, or want to find more organizations like Somerset Economic Development Corporation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy