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Employer Identification Number 01-0409428

SCARBOROUGH ECONOMIC DEV CORP is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:SCARBOROUGH ECONOMIC DEV CORP
Employer identification number (EIN):01-0409428
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE MISSION OF SEDCO IS TO SUPPORT ECONOMIC AND BUSINESS DEVELOPMENT TO IMPROVE THE QUALITY OF LIFE IN SCARBOROUGH, MAINE, BY EXPANDING THE TOWNS TAX AND EMPLOYMENT BASE.
Number of Employees2
Number of Volunteers2
Year Formed1985

Organization Governance

Legal DomicileME
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2024-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 45
Investment Income from current yearUSD $ 50
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 296,372
Net assets / fund balances at end of fiscal yearUSD $ 48,503
Net assets / fund balances at beginning of fiscal yearUSD $ 48,361
Total liabilities at end of fiscal yearUSD $ 18,867
Total liabilities at beginning of fiscal yearUSD $ 13,337
Total assets at end of fiscal yearUSD $ 67,370
Total assets at beginning of fiscal yearUSD $ 61,698
Revenues less expenses for current yearUSD $ 142
Revenues less expenses for previous yearUSD $ 1,340
Total expenses for current yearUSD $ 296,230
Total expenses for previous yearUSD $ 279,838
Other expenses in current yearUSD $ 45,660
Other expenses in previous yearUSD $ 50,646
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 250,570
Employee salary and benefits paid in previous yearUSD $ 229,192
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 296,372
Total revenue in previous fiscal yearUSD $ 281,178
Contributions and grants from current yearUSD $ 296,322
Contributions and grants from previous yearUSD $ 281,133
2023-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 4
Investment Income from current yearUSD $ 45
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 281,178
Net assets / fund balances at end of fiscal yearUSD $ 48,361
Net assets / fund balances at beginning of fiscal yearUSD $ 47,021
Total liabilities at end of fiscal yearUSD $ 13,337
Total liabilities at beginning of fiscal yearUSD $ 8,620
Total assets at end of fiscal yearUSD $ 61,698
Total assets at beginning of fiscal yearUSD $ 55,641
Revenues less expenses for current yearUSD $ 1,340
Revenues less expenses for previous yearUSD $ 1,999
Total expenses for current yearUSD $ 279,838
Total expenses for previous yearUSD $ 259,795
Other expenses in current yearUSD $ 50,646
Other expenses in previous yearUSD $ 50,537
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 229,192
Employee salary and benefits paid in previous yearUSD $ 209,258
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 281,178
Total revenue in previous fiscal yearUSD $ 261,794
Contributions and grants from current yearUSD $ 281,133
Contributions and grants from previous yearUSD $ 261,790
2022-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 10
Investment Income from current yearUSD $ 4
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 261,794
Net assets / fund balances at end of fiscal yearUSD $ 47,021
Net assets / fund balances at beginning of fiscal yearUSD $ 45,022
Total liabilities at end of fiscal yearUSD $ 8,620
Total liabilities at beginning of fiscal yearUSD $ 13,306
Total assets at end of fiscal yearUSD $ 55,641
Total assets at beginning of fiscal yearUSD $ 58,328
Revenues less expenses for current yearUSD $ 1,999
Revenues less expenses for previous yearUSD $ 692
Total expenses for current yearUSD $ 259,795
Total expenses for previous yearUSD $ 250,646
Other expenses in current yearUSD $ 50,537
Other expenses in previous yearUSD $ 40,436
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 209,258
Employee salary and benefits paid in previous yearUSD $ 210,210
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 261,794
Total revenue in previous fiscal yearUSD $ 251,338
Contributions and grants from current yearUSD $ 261,790
Contributions and grants from previous yearUSD $ 251,328
2021-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 23
Investment Income from current yearUSD $ 10
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 251,338
Net assets / fund balances at end of fiscal yearUSD $ 45,022
Net assets / fund balances at beginning of fiscal yearUSD $ 44,330
Total liabilities at end of fiscal yearUSD $ 13,306
Total liabilities at beginning of fiscal yearUSD $ 8,817
Total assets at end of fiscal yearUSD $ 58,328
Total assets at beginning of fiscal yearUSD $ 53,147
Revenues less expenses for current yearUSD $ 692
Revenues less expenses for previous yearUSD $ -9,531
Total expenses for current yearUSD $ 250,646
Total expenses for previous yearUSD $ 258,562
Other expenses in current yearUSD $ 40,436
Other expenses in previous yearUSD $ 53,949
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 210,210
Employee salary and benefits paid in previous yearUSD $ 204,613
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 251,338
Total revenue in previous fiscal yearUSD $ 249,031
Contributions and grants from current yearUSD $ 251,328
Contributions and grants from previous yearUSD $ 249,008
2020-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 21
Investment Income from current yearUSD $ 23
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 249,031
Net assets / fund balances at end of fiscal yearUSD $ 44,330
Net assets / fund balances at beginning of fiscal yearUSD $ 53,861
Total liabilities at end of fiscal yearUSD $ 8,817
Total liabilities at beginning of fiscal yearUSD $ 9,090
Total assets at end of fiscal yearUSD $ 53,147
Total assets at beginning of fiscal yearUSD $ 62,951
Revenues less expenses for current yearUSD $ -9,531
Revenues less expenses for previous yearUSD $ 3,463
Total expenses for current yearUSD $ 258,562
Total expenses for previous yearUSD $ 250,149
Other expenses in current yearUSD $ 53,949
Other expenses in previous yearUSD $ 57,826
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 204,613
Employee salary and benefits paid in previous yearUSD $ 192,323
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 249,031
Total revenue in previous fiscal yearUSD $ 253,612
Contributions and grants from current yearUSD $ 249,008
Contributions and grants from previous yearUSD $ 253,591
2019-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 22
Investment Income from current yearUSD $ 21
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 253,612
Net assets / fund balances at end of fiscal yearUSD $ 53,861
Net assets / fund balances at beginning of fiscal yearUSD $ 50,398
Total liabilities at end of fiscal yearUSD $ 9,090
Total liabilities at beginning of fiscal yearUSD $ 7,042
Total assets at end of fiscal yearUSD $ 62,951
Total assets at beginning of fiscal yearUSD $ 57,440
Revenues less expenses for current yearUSD $ 3,463
Revenues less expenses for previous yearUSD $ -3,738
Total expenses for current yearUSD $ 250,149
Total expenses for previous yearUSD $ 251,494
Other expenses in current yearUSD $ 57,826
Other expenses in previous yearUSD $ 66,347
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 192,323
Employee salary and benefits paid in previous yearUSD $ 185,147
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 253,612
Total revenue in previous fiscal yearUSD $ 247,756
Contributions and grants from current yearUSD $ 253,591
Contributions and grants from previous yearUSD $ 247,734
2018-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 24
Investment Income from current yearUSD $ 22
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 247,756
Net assets / fund balances at end of fiscal yearUSD $ 50,398
Net assets / fund balances at beginning of fiscal yearUSD $ 54,136
Total liabilities at end of fiscal yearUSD $ 7,042
Total liabilities at beginning of fiscal yearUSD $ 7,409
Total assets at end of fiscal yearUSD $ 57,440
Total assets at beginning of fiscal yearUSD $ 61,545
Revenues less expenses for current yearUSD $ -3,738
Revenues less expenses for previous yearUSD $ -649
Total expenses for current yearUSD $ 251,494
Total expenses for previous yearUSD $ 228,263
Other expenses in current yearUSD $ 66,347
Other expenses in previous yearUSD $ 48,918
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 185,147
Employee salary and benefits paid in previous yearUSD $ 179,345
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 247,756
Total revenue in previous fiscal yearUSD $ 227,614
Contributions and grants from current yearUSD $ 247,734
Contributions and grants from previous yearUSD $ 227,590
2017-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 20
Investment Income from current yearUSD $ 24
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 227,614
Net assets / fund balances at end of fiscal yearUSD $ 54,136
Net assets / fund balances at beginning of fiscal yearUSD $ 54,785
Total liabilities at end of fiscal yearUSD $ 7,409
Total liabilities at beginning of fiscal yearUSD $ 8,990
Total assets at end of fiscal yearUSD $ 61,545
Total assets at beginning of fiscal yearUSD $ 63,775
Revenues less expenses for current yearUSD $ -649
Revenues less expenses for previous yearUSD $ -982
Total expenses for current yearUSD $ 228,263
Total expenses for previous yearUSD $ 234,433
Other expenses in current yearUSD $ 48,918
Other expenses in previous yearUSD $ 62,484
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 179,345
Employee salary and benefits paid in previous yearUSD $ 171,949
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 227,614
Total revenue in previous fiscal yearUSD $ 233,451
Contributions and grants from current yearUSD $ 227,590
Contributions and grants from previous yearUSD $ 233,431
2016-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 19
Investment Income from current yearUSD $ 20
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 233,451
Net assets / fund balances at end of fiscal yearUSD $ 54,785
Net assets / fund balances at beginning of fiscal yearUSD $ 55,767
Total liabilities at end of fiscal yearUSD $ 8,990
Total liabilities at beginning of fiscal yearUSD $ 16,480
Total assets at end of fiscal yearUSD $ 63,775
Total assets at beginning of fiscal yearUSD $ 72,247
Revenues less expenses for current yearUSD $ -982
Revenues less expenses for previous yearUSD $ 970
Total expenses for current yearUSD $ 234,433
Total expenses for previous yearUSD $ 234,023
Other expenses in current yearUSD $ 62,484
Other expenses in previous yearUSD $ 76,773
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 171,949
Employee salary and benefits paid in previous yearUSD $ 157,250
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 233,451
Total revenue in previous fiscal yearUSD $ 234,993
Contributions and grants from current yearUSD $ 233,431
Contributions and grants from previous yearUSD $ 234,974

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 010409428

USA Mailing Address
PO BOX 550
SCARBOROUGH
ME
040700550
Date first seen: 2013-11-06
Date last seen: 2021-11-05
USA Mailing Address
PO BOX 6487
SCARBOROUGH
ME
040706487
Date first seen: 2022-11-14
Date last seen: 2023-11-03
USA Mailing Address
PO BOX 6487
SCARBOROUGH
ME
04070
Date first seen: 2010-10-13
Date last seen: 2025-09-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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