Overview
What is Somerset Economic Development Corporation?
The Somerset Economic Development Corporation, situated in Skowhegan, Maine, serves as a crucial resource for local businesses and governments. With a dedicated team of just two individuals, this nonprofit organization plays a significant role in facilitating access to economic assistance, grants, and loans, primarily aiding in job growth and retention. By promoting economic development, they cater to over 400 clients in the county, working tirelessly to stimulate and enhance their economic well-being.
Official website here: www.somersetcounty-me.org
Is Somerset Economic Development Corporation legitimate?
Somerset Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $90,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,655
For more financial information, click here
What is the mission statement of Somerset Economic Development Corporation?
The Somerset Economic Development Corporation's mission is centered around assisting local businesses and governments in securing economic aid, grants, and loans, primarily for the purpose of fostering job growth and retention. Their primary objective is to promote economic development, serving over 400 clients in this capacity. By providing this service, they aim to contribute to the overall economic well-being of the community.
Official website here: www.somersetcounty-me.org
Who is the CEO of Somerset Economic Development Corporation?
Christian Savage is the Treasurer of Somerset Economic Development Corporation.
Official website here: www.somersetcounty-me.org
What is the revenue of Somerset Economic Development Corporation?
Somerset Economic Development Corporation's revenue in 2022 was $1,217,524.
Official website here: www.somersetcounty-me.org
Who are the executives of Somerset Economic Development Corporation and what are their salaries?
The average compensation at Somerset Economic Development Corporation during 2022 was $50,728. There are 2 employees and 18 volunteers at Somerset Economic Development Corporation.
Here are 19 key members and their salaries:
- Christian Savage (Executive Director)
- Vicki Alward (Treasurer) [Trustee/Director]
- Tim Curtis (Director)
- Destiny Demo (Vice President) [Trustee/Director]
- Michelle Flewelling (Director)
- Jeff Hewett (Director)
- Sam Hight (Director)
- Ernie Hilton (Director)
- Cyp Johnson (Director)
- Jeff Mcgown (President) [Trustee/Director]
- Kathryn Ruth (Secretary) [Trustee/Director]
- Don Skillings (Director)
- Steve Steward (Director)
- Russell Walters (Director)
- Larry Warren (Director)
- Dick Wilette (Director)
- David Dorr (Director)
- Patrick Dore (Loan Committee Member) [Trustee/Director]
- Kenneth Lexier (Loan Committee Member) [Trustee/Director]
Official website here: www.somersetcounty-me.org
Where can I find the form 990 for Somerset Economic Development Corporation?
The Somerset Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.somersetcounty-me.org
Learn more at the official website: www.somersetcounty-me.org
Mission Statement of Somerset Economic Development Corporation
The Somerset Economic Development Corporation is committed to aiding county businesses and local governments in their pursuit of economic assistance, grants, and loans. This nonprofit organization specifically focuses on fostering job growth and retention for over 400 clients. By offering such assistance, Somerset Economic Development Corporation plays a significant role in promoting economic development within its community.
Impact
This information is meant to be a general summary of Somerset Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Somerset Economic Development Corporation plays a crucial role in boosting job growth and retention in Somerset County. Through their efforts to assist businesses and local governments in accessing economic assistance, grants, and loans, they directly contribute to the economic development of the region. With a focus on serving over 400 clients, Somerset Economic Development Corporation actively promotes economic growth in Skowhegan, ME, and surrounding areas. Their impact is tangible in the form of job creation, business expansion, and overall prosperity for the community they serve.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN ADMINISTRATION
Revenue
$670
Organization Details
Founding Year
1999
Phone
(207) 747-0166
Principal Officer
Christian Savage
Main Address
41 COURT STREET, SKOWHEGAN, ME, 04976
Website
www.somersetcounty-me.org
NTEE Category
Code: W20 - Public benefit
If you are a representative of Somerset Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.