Civic Intelligence

Scarborough Economic Dev Corp

EIN 01-0409428 • 501(c)3 • Scarborough, ME

Profile

The 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.

PO Box 6487Scarborough, ME 04070

sedcomaine.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.28x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.06x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$133,462

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 45.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

67th percentile

9.2%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

5.4%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$67,370

Up $5,672 (+9.2%) from 2023

Liabilities

Up

$18,867

Up $5,530 (+41%) from 2023

Net Assets

Up

$48,503

Up $142 (+0.3%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin47th percentile

Revenue

Up

$296,372

Up $15,194 (+5.4%) from 2023

Expenses

Up

$296,230

Up $16,392 (+5.9%) from 2023

Net Income

Down

$142

Down $1,198 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2011: $48,304Liabilities 2011: $9,972Net Assets 2011: $38,3322011Assets 2012: $65,681Liabilities 2012: $7,449Net Assets 2012: $58,2322012Assets 2013: $66,496Liabilities 2013: $2,704Net Assets 2013: $63,7922013Assets 2014: $58,852Liabilities 2014: $4,055Net Assets 2014: $54,7972014Assets 2015: $72,247Liabilities 2015: $16,480Net Assets 2015: $55,7972015Assets 2016: $63,775Liabilities 2016: $8,990Net Assets 2016: $54,7852016Assets 2017: $61,545Liabilities 2017: $7,409Net Assets 2017: $54,1362017Assets 2018: $57,440Liabilities 2018: $7,042Net Assets 2018: $50,3982018Assets 2019: $62,951Liabilities 2019: $9,090Net Assets 2019: $53,8612019Assets 2020: $53,147Liabilities 2020: $8,817Net Assets 2020: $44,3302020Assets 2021: $58,328Liabilities 2021: $13,306Net Assets 2021: $45,0222021Assets 2022: $55,641Liabilities 2022: $8,620Net Assets 2022: $47,0212022Assets 2023: $61,698Liabilities 2023: $13,337Net Assets 2023: $48,3612023Assets 2024: $67,370Liabilities 2024: $18,867Net Assets 2024: $48,5032024

Highlighted filing

2024

Assets$67,370
Liabilities$18,867
Net Assets$48,503
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $227,545Expenses 2011: $225,008Net Income 2011: $2,5372011Revenue 2012: $257,087Expenses 2012: $237,187Net Income 2012: $19,9002012Revenue 2013: $176,727Expenses 2013: $171,167Net Income 2013: $5,5602013Revenue 2014: $189,925Expenses 2014: $198,920Net Income 2014: -$8,9952014Revenue 2015: $234,993Expenses 2015: $234,023Net Income 2015: $9702015Revenue 2016: $233,451Expenses 2016: $234,433Net Income 2016: -$9822016Revenue 2017: $227,614Expenses 2017: $228,263Net Income 2017: -$6492017Revenue 2018: $247,756Expenses 2018: $251,494Net Income 2018: -$3,7382018Revenue 2019: $253,612Expenses 2019: $250,149Net Income 2019: $3,4632019Revenue 2020: $249,031Expenses 2020: $258,562Net Income 2020: -$9,5312020Revenue 2021: $251,338Expenses 2021: $250,646Net Income 2021: $6922021Revenue 2022: $261,794Expenses 2022: $259,795Net Income 2022: $1,9992022Revenue 2023: $281,178Expenses 2023: $279,838Net Income 2023: $1,3402023Revenue 2024: $296,372Expenses 2024: $296,230Net Income 2024: $1422024

Highlighted filing

2024

Revenue$296,372
Expenses$296,230
Net Income$142
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$67,370
Liabilities
$18,867
Net assets
$48,503
Revenue
$296,372
Expenses
$296,230
Net income
$142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.67$0.19$0.49$2.96$2.96$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.62$0.13$0.48$2.81$2.80$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.09$0.47$2.62$2.60$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.45$2.51$2.51$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.53$0.09$0.44$2.49$2.59$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.09$0.54$2.54$2.50$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.07$0.50$2.48$2.51$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.62$0.07$0.54$2.28$2.28$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.64$0.09$0.55$2.33$2.34$0.01
2015Summary only. Only limited summary data is available for this year.$0.72$0.16$0.56$2.35$2.34$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.04$0.55$1.90$1.99$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.03$0.64$1.77$1.71$0.06
2012Summary only. Only limited summary data is available for this year.$0.66$0.07$0.58$2.57$2.37$0.20
2011Summary only. Only limited summary data is available for this year.$0.48$0.10$0.38$2.28$2.25$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$296,372
Mission and Program Overview

Mission

The 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$34,403$44,956▲ $10,553
Accounts Receivable$21,517$13,498▼ $8,019
Prepaid Expenses and Deferred Charges$715$5,055▲ $4,340
Land, Buildings, and Equipment, Net$5,063$3,861▼ $1,202
Total Assets$61,698$67,370▲ $5,672
Liabilities
Accounts Payable and Accrued Expenses$13,337$18,867▲ $5,530
Total Liabilities$13,337$18,867▲ $5,530
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,361$48,503▲ $142
Total Net Assets Fund Balance$48,361$48,503▲ $142
Total Liabilities and Net Assets / Fund Balance$61,698$67,370▲ $5,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,861$33,455$37,316
Other Land Buildings-$6,783$6,783
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen MartinExecutive DiFT$99,258$34,204$133,462

Board Members and Trustees

NameTitle
Jonathan CrasnickChairperson
Travis KennedyVice Chair
Allen PaulDirector
Hellen CellaDirector
Jason PerkinsDirector
Rick ShinaySecretary/cl
James HartleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$296,322
Program Service Revenue
$0
Investment Income
$50
Other Revenue
$0
All Other Contributions
$736
Change in Net Assets
$142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,570
Other Expenses$45,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$130,613$14,513-$145,126
Other Salaries and Wages$50,244$15,732-$65,976
Pension Plan Contributions$15,793$2,716-$18,509
Payroll Taxes$11,668$2,007-$13,675
Occupancy$7,325$1,555-$8,880
Other Employee Benefits$5,185$2,099-$7,284
Other Expenses$4,344$320-$4,664
Office Expenses$3,427$1,143-$4,570
Information Technology$3,197$670-$3,867
Insurance$2,096$445-$2,541
Fees for Services Accounting-$2,125-$2,125
Depreciation Depletion$1,010$192-$1,202
Travel$390$645-$1,035
Conferences and Meetings-$620-$620
Total Functional Expenses$243,445$52,785$0$296,230
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The organization's president reviews the form 990 with the tax preparer before filing.”

Form 990, Page 6, Part VI, Line 12C

“The organization's president and board of directors annually discuss the conflict of interest policy at a board meeting.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors conduct an annual review of the president.”

Form 990, Page 6, Part VI, Line 15B

“The president conducts an annual review of the sedco coordinator, the second organization's employee.”

Form 990, Page 6, Part VI, Line 19

“The organization makes it governing documents, conflict of interest policy, and reviewed financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Scarborough Economic Dev Corp
EIN
01-0409428
Phone
2078834893
Address
PO BOX 6487, SCARBOROUGH, ME 04070

Signing Officer

Name
Karen Martin
Title
Executive Director
Phone
2078834893
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Martin
Formed
1985
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
2

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
Amy Chasse
Phone
2077732986
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“In order to fulfill the mission, sedco 1.develops and advocates for economic policies and programs which support the town's comprehensive plan 2.assists in the attraction, establishment, retention and expansion of businesses in scarborough; 3.provides confidential assistance to any business considering starting, relocating or expanding within the town limits; 4.maintains and grows a comprehensive intelligence system for use by both the private and public sectors; 5.assesses the economic competitiveness of the town; 6.cultivates a network of local, regional, state, federal and international resources which can assist local businesses and municipal officials; and 7.assists town departments in planning and implementing economic development policies.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Accounting principles generally accepted in the united states of america requires management to evaluate tax positions taken by the corporation and recognize a tax liability if the corporation has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service and state taxing authorities. Sedco is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013337
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt018867
IRS990/AccountsReceivableGrp/BOYAmt021517
IRS990/AccountsReceivableGrp/EOYAmt013498
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AllOtherContributionsAmt0736
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0KAREN MARTIN
IRS990/BooksInCareOfDetail/PhoneNum02078834893
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 6487
IRS990/BooksInCareOfDetail/USAddress/CityNm0SCARBOROUGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ME
IRS990/BooksInCareOfDetail/USAddress/ZIPCd004070
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014513
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0130613
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0145126
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0620
IRS990/ConferencesMeetingsGrp/TotalAmt0620
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt08155
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0296322
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt050
IRS990/CYOtherExpensesAmt045660
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0142
IRS990/CYSalariesCompEmpBnftPaidAmt0250570
IRS990/CYTotalExpensesAmt0296230
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0296372
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0192
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01010
IRS990/DepreciationDepletionGrp/TotalAmt01202
IRS990/Desc0IN ORDER TO FULFILL THE MISSION, SEDCO 1.DEVELOPS AND ADVOCATES FOR ECONOMIC POLICIES AND PROGRAMS WHICH SUPPORT THE TOWN'S COMPREHENSIVE PLAN 2.ASSISTS IN THE ATTRACTION, ESTABLISHMENT, RETENTION AND EXPANSION OF BUSINESSES IN SCARBOROUGH; 3.PROVIDES CONFIDENTIAL ASSISTANCE TO ANY BUSINESS CONSIDERING STARTING, RELOCATING OR EXPANDING WITHIN THE TOWN LIMITS; 4.MAINTAINS AND GROWS A COMPREHENSIVE INTELLIGENCE SYSTEM FOR USE BY BOTH THE PRIVATE AND PUBLIC SECTORS; 5.ASSESSES THE ECONOMIC COMPETITIVENESS OF THE TOWN; 6.CULTIVATES A NETWORK OF LOCAL, REGIONAL, STATE, FEDERAL AND INTERNATIONAL RESOURCES WHICH CAN ASSIST LOCAL BUSINESSES AND MUNICIPAL OFFICIALS; AND 7.ASSISTS TOWN DEPARTMENTS IN PLANNING AND IMPLEMENTING ECONOMIC DEVELOPMENT POLICIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0243445
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02125
IRS990/FeesForServicesAccountingGrp/TotalAmt02125
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt034204
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0KAREN MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JONATHAN CRASNICK
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES HARTLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3TRAVIS KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm4RICK SHINAY
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON PERKINS
IRS990/Form990PartVIISectionAGrp/PersonNm6HELLEN CELLA
IRS990/Form990PartVIISectionAGrp/PersonNm7ALLEN PAUL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt099258
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/CL
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt08155
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0287431
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0296372
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0670
IRS990/InformationTechnologyGrp/ProgramServicesAmt03197
IRS990/InformationTechnologyGrp/TotalAmt03867
IRS990/InsuranceGrp/ManagementAndGeneralAmt0445
IRS990/InsuranceGrp/ProgramServicesAmt02096
IRS990/InsuranceGrp/TotalAmt02541
IRS990/InvestmentIncomeGrp/ExclusionAmt050
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt040238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05063
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03861
IRS990/LandBldgEquipCostOrOtherBssAmt044099
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt048361
IRS990/NetAssetsOrFundBalancesEOYAmt048503
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt048361
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt048503
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01555
IRS990/OccupancyGrp/ProgramServicesAmt07325
IRS990/OccupancyGrp/TotalAmt08880
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01143
IRS990/OfficeExpensesGrp/ProgramServicesAmt03427
IRS990/OfficeExpensesGrp/TotalAmt04570
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02099
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05185
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07284
IRS990/OtherExpensesGrp/Desc0SCARBOROUGH MRKTING PLAN
IRS990/OtherExpensesGrp/Desc1ANNUAL MEETING
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08003
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1320
IRS990/OtherExpensesGrp/ProgramServicesAmt08153
IRS990/OtherExpensesGrp/ProgramServicesAmt14344
IRS990/OtherExpensesGrp/TotalAmt08153
IRS990/OtherExpensesGrp/TotalAmt18003
IRS990/OtherExpensesGrp/TotalAmt24664
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015732
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt050244
IRS990/OtherSalariesAndWagesGrp/TotalAmt065976
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02007
IRS990/PayrollTaxesGrp/ProgramServicesAmt011668
IRS990/PayrollTaxesGrp/TotalAmt013675
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02716
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015793
IRS990/PensionPlanContributionsGrp/TotalAmt018509
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0715
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05055
IRS990/PrincipalOfficerNm0KAREN MARTIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0281133
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt045
IRS990/PYOtherExpensesAmt050646
IRS990/PYRevenuesLessExpensesAmt01340
IRS990/PYSalariesCompEmpBnftPaidAmt0229192
IRS990/PYTotalExpensesAmt0279838
IRS990/PYTotalRevenueAmt0281178
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0142
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034403
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044956
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0016000357
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0287431
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TOWN OF SCARBOROUGH ME
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0287431
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03861
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033455
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037316
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06783
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06783
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. SEDCO IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03861
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN ORDER TO FULFILL THE MISSION, SEDCO 1.DEVELOPS AND ADVOCATES FOR ECONOMIC POLICIES AND PROGRAMS WHICH SUPPORT THE TOWN'S COMPREHENSIVE PLAN 2.ASSISTS IN THE ATTRACTION, ESTABLISHMENT, RETENTION AND EXPANSION OF BUSINESSES IN SCARBOROUGH; 3.PROVIDES CONFIDENTIAL ASSISTANCE TO ANY BUSINESS CONSIDERING STARTING, RELOCATING OR EXPANDING WITHIN THE TOWN LIMITS; 4.MAINTAINS AND GROWS A COMPREHENSIVE INTELLIGENCE SYSTEM FOR USE BY BOTH THE PRIVATE AND PUBLIC SECTORS; 5.ASSESSES THE ECONOMIC COMPETITIVENESS OF THE TOWN; 6.CULTIVATES A NETWORK OF LOCAL, REGIONAL, STATE, FEDERAL AND INTERNATIONAL RESOURCES WHICH CAN ASSIST LOCAL BUSINESSES AND MUNICIPAL OFFICIALS; AND 7.ASSISTS TOWN DEPARTMENTS IN PLANNING AND IMPLEMENTING ECONOMIC DEVELOPMENT POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S PRESIDENT REVIEWS THE FORM 990 WITH THE TAX PREPARER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S PRESIDENT AND BOARD OF DIRECTORS ANNUALLY DISCUSS THE CONFLICT OF INTEREST POLICY AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS CONDUCT AN ANNUAL REVIEW OF THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT CONDUCTS AN ANNUAL REVIEW OF THE SEDCO COORDINATOR, THE SECOND ORGANIZATION'S EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND REVIEWED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt061698
IRS990/TotalAssetsEOYAmt067370
IRS990/TotalAssetsGrp/BOYAmt061698
IRS990/TotalAssetsGrp/EOYAmt067370
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0296322
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052785
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0243445
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013337
IRS990/TotalLiabilitiesEOYAmt018867
IRS990/TotalLiabilitiesGrp/BOYAmt013337
IRS990/TotalLiabilitiesGrp/EOYAmt018867
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt048361
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt048503
IRS990/TotalOtherCompensationAmt034204
IRS990/TotalProgramServiceExpensesAmt0243445
IRS990/TotalReportableCompFromOrgAmt099258
IRS990/TotalRevenueGrp/ExclusionAmt050
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0296372
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt061698
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt067370
IRS990/TravelGrp/ManagementAndGeneralAmt0645
IRS990/TravelGrp/ProgramServicesAmt0390
IRS990/TravelGrp/TotalAmt01035
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 6487
IRS990/USAddress/CityNm0SCARBOROUGH
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004070
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0HTTPS://SEDCOMAINE.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02078834893
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCARBOROUGH ECONOMIC DEV CORP
ReturnHeader/Filer/BusinessNameControlTxt0SCAR
ReturnHeader/Filer/EIN0010409428
ReturnHeader/Filer/PhoneNum02078834893
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 6487
ReturnHeader/Filer/USAddress/CityNm0SCARBOROUGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004070
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010440155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUNYON KERSTEEN OUELLETTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt020 LONG CREEK DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTH PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004106
ReturnHeader/PreparerPersonGrp/PhoneNum02077732986
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY CHASSE
ReturnHeader/ReturnTs02025-05-14T08:36:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits