Overview
What is Strafford Economic Development Corporation?
The Strafford Economic Development Corporation, based in Dover, New Hampshire, at 100 Main St, Cocheco Falls Millworks, is a nonprofit organization established with the mission to sustain, enhance, and revitalize the local economic and industrial landscape. During the fiscal year ending December 31, 2022, the corporation extended seven additional economic development loans to local businesses, contributing an additional 6,139,752 dollars to its loan portfolio. With a small team of 5 employees, the corporation aims to secure high-quality employment opportunities for the community's residents.
Official website here: www.sedcnh.org
Is Strafford Economic Development Corporation legitimate?
Strafford Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strafford 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: $170,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,630
For more financial information, click here
What is the mission statement of Strafford Economic Development Corporation?
The Strafford Economic Development Corporation was established with a mission to preserve, enhance, and revitalize the local economic and industrial sector. Its primary objective is to ensure the retention and creation of high-quality employment opportunities for the community's residents. To accomplish this, the organization provides financial aid through economic development loans, as demonstrated by issuing seven such loans during the fiscal year ending December 31, 2022, adding over 6 million dollars to its loan portfolio.
Official website here: www.sedcnh.org
Who is the CEO of Strafford Economic Development Corporation?
Timothy Dargan is the Executive Di of Strafford Economic Development Corporation.
Official website here: www.sedcnh.org
What is the revenue of Strafford Economic Development Corporation?
Strafford Economic Development Corporation's revenue in 2022 was $872,934.
Official website here: www.sedcnh.org
Who are the executives of Strafford Economic Development Corporation and what are their salaries?
The average compensation at Strafford Economic Development Corporation during 2022 was $66,566. There are 5 employees at Strafford Economic Development Corporation.
Here are 9 key members and their salaries:
- Dennis Mccann (Executive Di)
- Timothy Dargan (President) [Trustee/Director]
- Thomas Dumais (Secretary/Tr) [Trustee/Director]
- Dana Lynch (Director)
- Michael Nye (Director)
- Marcella Perry (Director)
- Samuel Reid (Vice Preside) [Trustee/Director]
- Lisa Stanley (Director)
- Mark Wentworth (Director)
Official website here: www.sedcnh.org
Where can I find the form 990 for Strafford Economic Development Corporation?
The Strafford Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sedcnh.org
Learn more at the official website: www.sedcnh.org
Mission Statement of Strafford Economic Development Corporation
Strafford Economic Development Corporation, established with a mission, strives to preserve, enhance, and revitalize the local economic and industrial landscape. Its primary objective is to secure and create high-quality employment opportunities for the community's residents. The organization serves as a vital catalyst for sustaining and growing the local economy, ensuring that businesses within the area flourish and provide ample employment prospects for the community's residents. During the fiscal year ending December 31, 2022, Strafford Economic Development Corporation contributed significantly to this mission by granting seven additional economic development loans to local businesses. These loans, totaling 6,139,752 dollars, were instrumental in expanding its loan portfolio, further solidifying its role in fostering economic growth and job creation within the community.
Impact
This information is meant to be a general summary of Strafford 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
Strafford Economic Development Corporation's impact is significant in Dover, NH, as it plays a crucial role in maintaining, improving, and revitalizing the local economic and industrial base. The organization's efforts directly contribute to the retention and creation of high-quality employment opportunities for the residents of the community. Additionally, in the fiscal year ended December 31, 2022, the organization originated seven additional economic development loans for area businesses, adding $6,139,752 in new lending to its loan portfolio. This demonstrates the tangible support and financial assistance provided by the organization to stimulate economic growth and development in the region.
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 INTEREST INCOME
Revenue
$756,954
FEES AND COMMISSIONS ON LOANS
Revenue
$36,297
OTHER INCOME
Revenue
$29,142
SALE OF TAX CREDITS
Revenue
$8,000
Organization Details
Founding Year
1997
Phone
(603) 749-2211
Principal Officer
Timothy Dargan
Main Address
COCHECO FALLS MILLWORKS 100 MAIN ST, DOVER, NH, 03820
Website
www.sedcnh.org
NTEE Category
Code: S400 - Community improvement
If you are a representative of Strafford 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.