Marlborough Economic Development

Community development organization based in Marlborough, MA. 7 employees. Exempt under §501(c)(6).

MissionTO ENHANCE THE POSITION, IMAGE, AND PERCEPTION OF MARLBOROUGH AS A DESIRABLE PLACE TO LIVE, WORK, VISIT AND INVEST IN BY PROMOTING CULTURAL, HISTORICAL, AND ECONOMIC PROGRAMS IN THE CITY.

EIN
20-4407846
State
MA
Sector
Community development
Budget band
$1M–$2.5M
Latest filing
TY 2023
Records
1 officers · 5 years

Financial snapshot · TY 2023

$1.0M
Total revenue
$1.0M
Total expenses
$1.5M
Net assets

Financial health · TY 2024

36
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
24
4.3 months of expenses
Program efficiency
65
76.1% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

Meredith Harris
EXECUTIVE DIRECTOR
$115,158
15th percentile vs. peers

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Marlborough Economic Development Executive Compensation | 990 Data | DoubleNine