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Coastal Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020511564 ✦ Raymond, NH ✦ Designated as a 501(c)(3)

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Overview

What is Coastal Economic Development Corporation?

The Coastal Economic Development Corporation is a nonprofit organization situated in Raymond, New Hampshire. Their primary mission is to stimulate and promote regional economic growth by offering gap financing and technical assistance to businesses. This assistance helps these companies expand or maintain their employment, particularly benefiting employees from lower to moderate-income backgrounds. Based on the provided information, the organization has a small team of one individual.


Official website here: www.coastaledc.org

Is Coastal Economic Development Corporation legitimate?

Coastal Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coastal 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $76,105
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.coastaledc.org

What is the mission statement of Coastal Economic Development Corporation?

The Coastal Economic Development Corporation's mission is centered around promoting regional economic growth. They accomplish this by offering gap financing and technical assistance to local businesses. This support enables these businesses to expand or maintain their employment opportunities, with a particular focus on benefiting employees from lower to moderate-income households. By doing so, the corporation aims to contribute positively to the local economy and improve the livelihoods of a significant portion of the workforce.


Official website here: www.coastaledc.org

Who is the CEO of Coastal Economic Development Corporation?

Daniel Gray is the Board Member of Coastal Economic Development Corporation.


Official website here: www.coastaledc.org

What is the revenue of Coastal Economic Development Corporation?

Coastal Economic Development Corporation's revenue in 2021 was $189,241.


Official website here: www.coastaledc.org

Who are the executives of Coastal Economic Development Corporation and what are their salaries?

The average compensation at Coastal Economic Development Corporation during 2021 was $76,105. There is 1 employee at Coastal Economic Development Corporation.


Here are 11 key members and their salaries:


Tim Noonis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Witt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Falzone (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Withee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Grandmaison (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina Cutts (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Hayes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ellen Lavin (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Dolan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Russell (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Gray (Executive Director)
  • Compensation: $58,251
  • Related: $0
  • Other: $17,854


Official website here: www.coastaledc.org

Where can I find the form 990 for Coastal Economic Development Corporation?

Coastal Economic Development Corporation's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.coastaledc.org

Learn more at the official website: www.coastaledc.org

Mission Statement of Coastal Economic Development Corporation

Coastal Economic Development Corporation, as its name suggests, is dedicated to promoting economic growth in the region. Their mission is to accomplish this by offering gap financing and technical assistance to local businesses. This strategic approach allows these businesses to expand or maintain their operations, thereby creating or preserving employment opportunities primarily for individuals from low to moderate-income households. By facilitating business growth in this manner, Coastal Economic Development Corporation contributes significantly to the betterment of the local community.

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Impact




October, 2024

Coastal Economic Development Corporation plays a significant role in enhancing regional economic growth in Raymond, NH. By providing gap financing and technical assistance to businesses, it enables companies to expand their operations and retain valuable employees, particularly from low to moderate-income households. This support not only helps businesses to thrive but also creates job stability for workers, fostering community improvement and economic resilience. Through its efforts, Coastal Economic Development Corporation contributes to a stronger, more vibrant local economy, driving opportunities for individuals and families in the area.




This information is meant to be a general summary of Coastal Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$312,172 (2021)
Expenses
$291,899 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $110,004
  • Gross Receipts: $274,969

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Notes Rec.

Revenue

$110,004

Organization Details

Founding Year

1998

Principal Officer

Daniel Gray

Main Address

C/O Dan Gray 57 Main Street, Raymond, NH, 03077

NTEE Category

Code: S30 - Community improvement

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