Scarborough Economic Dev Corp

Community development organization based in Scarborough, ME. 2 employees. Exempt under §501(c)(3).

MissionTHE SCARBOROUGH ECONOMIC DEVELOPMENT CORPORATION (SEDCO) DEVELOPS, SUPPORTS AND PROMOTES SUSTAINABLE ECONOMIC DEVELOPMENT PRACTICES LEADING TO A HEALTHY, DIVERSE AND RESILIENT LOCAL ECONOMY FOR THE SCARBOROUGH COMMUNITY.

EIN
01-0409428
State
ME
Sector
Community development
Budget band
$250K–$500K
Latest filing
TY 2023
Records
1 officers · 5 years

Financial snapshot · TY 2023

$296K
Total revenue
$296K
Total expenses
$67K
Net assets

Financial health · TY 2023

37
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
11
2 months of expenses
Program efficiency
81
82.2% spent on programs
Revenue diversity
0
Mix of program fees, grants & contributions

Leadership compensation

Karen Martin
EXECUTIVE DI
$133,462
93th percentile vs. peers

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Scarborough Economic Dev Corp Executive Compensation | 990 Data | DoubleNine