Civic Intelligence

Strafford Economic Development Corporation

990 • Fiscal year 2020 • EIN 04-3367947

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 16, 2021

Organization ProfileWWW.SEDCNH.ORG
Cocheco Falls Millworks 100 Main StDover, NH 03820

(603) 749-2211

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.31x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

4.87x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

51st percentile

4.6%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

34th percentile

$132,341

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

13th percentile

-4.3%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-3.1%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$12,221,278

Down $553,974 (-4.3%) from 2019

Net Assets

Up

$8,410,073

Up $36,116 (+0.4%) from 2019

Liabilities

Down

$3,811,205

Down $590,090 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin51st percentile

Revenue

Down

$782,378

Down $24,970 (-3.1%) from 2019

Expenses

Up

$746,262

Up $28,985 (+4.0%) from 2019

Net Income

Down

$36,116

Down $53,955 (-60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $8,260,908Liabilities 2010: $2,184,817Net Assets 2010: $6,076,0912010Assets 2011: $7,763,022Liabilities 2011: $1,676,408Net Assets 2011: $6,086,6142011Assets 2012: $8,863,827Liabilities 2012: $2,043,218Net Assets 2012: $6,820,6092012Assets 2013: $9,411,562Liabilities 2013: $1,964,175Net Assets 2013: $7,447,3872013Assets 2014: $10,399,873Liabilities 2014: $2,848,827Net Assets 2014: $7,551,0462014Assets 2015: $11,275,747Liabilities 2015: $3,611,200Net Assets 2015: $7,664,5472015Assets 2016: $11,546,347Liabilities 2016: $3,731,591Net Assets 2016: $7,814,7562016Assets 2017: $11,008,581Liabilities 2017: $3,047,471Net Assets 2017: $7,961,1102017Assets 2018: $12,518,833Liabilities 2018: $4,234,947Net Assets 2018: $8,283,8862018Assets 2019: $12,775,252Liabilities 2019: $4,401,295Net Assets 2019: $8,373,9572019Assets 2020: $12,221,278Liabilities 2020: $3,811,205Net Assets 2020: $8,410,0732020Assets 2021: $13,973,125Liabilities 2021: $3,424,092Net Assets 2021: $10,549,0332021Assets 2022: $15,973,160Liabilities 2022: $5,225,262Net Assets 2022: $10,747,8982022Assets 2023: $17,556,099Liabilities 2023: $5,167,837Net Assets 2023: $12,388,2622023Assets 2024: $18,165,028Liabilities 2024: $5,611,889Net Assets 2024: $12,553,1392024

Highlighted filing

2020

Assets$12,221,278
Liabilities$3,811,205
Net Assets$8,410,073
Open 2020 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $840,2572010Revenue 2011: $623,948Expenses 2011: $613,425Net Income 2011: $10,5232011Expenses 2012: $504,1152012Revenue 2013: $1,129,296Expenses 2013: $502,518Net Income 2013: $626,7782013Revenue 2014: $776,893Expenses 2014: $673,234Net Income 2014: $103,6592014Revenue 2015: $751,303Expenses 2015: $637,803Net Income 2015: $113,5002015Revenue 2016: $1,257,891Expenses 2016: $1,107,682Net Income 2016: $150,2092016Revenue 2017: $808,014Expenses 2017: $661,658Net Income 2017: $146,3562017Revenue 2018: $1,034,054Expenses 2018: $711,278Net Income 2018: $322,7762018Revenue 2019: $807,348Expenses 2019: $717,277Net Income 2019: $90,0712019Revenue 2020: $782,378Expenses 2020: $746,262Net Income 2020: $36,1162020Revenue 2021: $2,860,903Expenses 2021: $721,943Net Income 2021: $2,138,9602021Revenue 2022: $872,934Expenses 2022: $674,069Net Income 2022: $198,8652022Revenue 2023: $2,431,823Expenses 2023: $791,459Net Income 2023: $1,640,3642023Revenue 2024: $1,104,639Expenses 2024: $939,762Net Income 2024: $164,8772024

Highlighted filing

2020

Revenue$782,378
Expenses$746,262
Net Income$36,116
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 16, 2021
Return Version
2020v4.0
Gross Receipts
$782,378
Mission and Program Overview

Mission

The organization was established for the purpose of maintaining, improving, and revitalizing the local economic and industrial base and to ensure the retention and creation of high quality employment opportunities for the residents of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,048,933$10,831,816▼ $1,217,117
Cash and Non-Interest-Bearing Accounts$652,316$1,347,316▲ $695,000
Accounts Receivable$53,110$24,760▼ $28,350
Land, Buildings, and Equipment, Net$12,767$9,125▼ $3,642
Prepaid Expenses and Deferred Charges$8,126$8,261▲ $135
Total Assets$12,775,252$12,221,278▼ $553,974
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,350,117$3,578,843▼ $771,274
Other Liabilities-$187,438-
Accounts Payable and Accrued Expenses$48,880$39,856▼ $9,024
Deferred Revenue$2,298$5,068▲ $2,770
Total Liabilities$4,401,295$3,811,205▼ $590,090
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,193,957$8,230,073▲ $36,116
Net Assets With Donor Restrictions$180,000$180,000→ $0
Total Net Assets Fund Balance$8,373,957$8,410,073▲ $36,116
Total Liabilities and Net Assets / Fund Balance$12,775,252$12,221,278▼ $553,974

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,125$59,172$68,297
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis MccannExecutive DiFT$132,341$132,341

Board Members and Trustees

NameTitle
Timothy DarganPresident
Dana LynchDirector
Lisa StanleyDirector
Marcella PerryDirector
Mark WentworthDirector
Michael NyeDirector
Thomas DumaisSecretary/tr
Samuel ReidVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$782,018
Investment Income
$360
Other Revenue
$0
Change in Net Assets
$36,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$782,378
Total Revenue per Audited Statements
$782,378
Total Revenue per Form 990
$782,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,125
Other Expenses$368,137
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,772$41,943-$209,715
Interest$137,346--$137,346
Current Officers, Directors, Trustees, and Key Employees$105,873$26,468-$132,341
Payroll Taxes$20,778$5,195-$25,973
Fees for Services Accounting$14,969$3,742-$18,711
Office Expenses$17,309--$17,309
Occupancy$12,922$3,230-$16,152
Information Technology$11,254$2,813-$14,067
Other Employee Benefits$8,077$2,019-$10,096
Fees for Services Other$8,760$140-$8,900
Insurance$5,130$1,282-$6,412
Other Expenses$5,474$1,537-$5,474
Fees for Services Legal$5,019--$5,019
Depreciation Depletion$3,642--$3,642
Travel$1,759--$1,759
Total Functional Expenses$657,893$88,369$0$746,262

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$746,262
Total Expenses per Audited Statements$746,262
Total Expenses per Form 990$746,262
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Nh Np Enterprise Relief Grant$187,438
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 treasurer of the organziation reviews the form 990, with accompanying forms and schedules, on behalf of the governing body before it is signed and filed.”

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

“All officers, board members, and key employees are regularly asked to disclose their business and investment holdings and transactions, including other family members, that could give rise to potential conflicts of interest.”

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

“The governing body of the organization has established a compensation committee to monitor and recommend salary guidelines for its key employees, including the executive director, utilizing comparative compensation data and other resources.”

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

“The governing body of the organization has established a compensation committee to monitor and recommend salary guidelines for its key employees including the executive director, utilizing comparative compensation data and other resources.”

Form 990, Page 6, Part VI, Line 19

“The organization makes available its governing document, conflict of interest policy, and audited financial statemetns to the general public by providing copies upon request or by inspection at its main office.”

Filing and Contact Details

Filer

Filer Name
Strafford Economic Development
EIN
04-3367947
Phone
6037492211
Address
COCHECO FALLS MILLWORKS 100 MAIN ST, DOVER, NH 03820

Signing Officer

Name
Timothy Dargan
Title
President
Phone
6037492211
Signed
2021-03-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Dargan
Formed
1997
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
4

Preparer

Firm
Murphy Powers & Wilson Cpas Pc
Address
ONE MERRILL INDUSTRIAL DRIVE, HAMPTON, NH 03842-1942
Preparer
Michael J Murphy
Phone
6039268063
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization was established for the purpose of maintaining, improving, and revitalizing the local economic and industrial base and to ensure the retention and creation of high quality employment opportunities for the residents of the community.”

Raw XML AppendixShowing 400 of 425 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt048880
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt039856
IRS990/AccountsReceivableGrp/BOYAmt053110
IRS990/AccountsReceivableGrp/EOYAmt024760
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0DENNIS MCCANN EXECUTIVE DIRECTOR
IRS990/BooksInCareOfDetail/PhoneNum06037492211
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0COCHECO FALLS MILLWORKS 100 MAIN
IRS990/BooksInCareOfDetail/USAddress/CityNm0DOVER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd003820
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0652316
IRS990/CashNonInterestBearingGrp/EOYAmt01347316
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026468
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0105873
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0132341
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0360
IRS990/CYOtherExpensesAmt0368137
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0782018
IRS990/CYRevenuesLessExpensesAmt036116
IRS990/CYSalariesCompEmpBnftPaidAmt0378125
IRS990/CYTotalExpensesAmt0746262
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0782378
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt02298
IRS990/DeferredRevenueGrp/EOYAmt05068
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03642
IRS990/DepreciationDepletionGrp/TotalAmt03642
IRS990/Desc0THE ORGANIZATION ORIGINATED FOUR ADDITIONAL ECONOMIC DEVELOPMENT LOANS FOR AREA BUSINESSES DURING THE FISCAL YEAR ENDED DECEMBER 31, 2020, ADDING 1,300,000 IN NEW LENDING TO ITS LOAN PORTFOLIO.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0180000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0180000
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0657893
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03742
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt014969
IRS990/FeesForServicesAccountingGrp/TotalAmt018711
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05019
IRS990/FeesForServicesLegalGrp/TotalAmt05019
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0140
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt08760
IRS990/FeesForServicesOtherGrp/TotalAmt08900
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS MCCANN
IRS990/Form990PartVIISectionAGrp/PersonNm1TIMOTHY DARGAN
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS DUMAIS
IRS990/Form990PartVIISectionAGrp/PersonNm3DANA LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL NYE
IRS990/Form990PartVIISectionAGrp/PersonNm5MARCELLA PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm6SAMUEL REID
IRS990/Form990PartVIISectionAGrp/PersonNm7LISA STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK WENTWORTH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0132341
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0782378
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02813
IRS990/InformationTechnologyGrp/ProgramServicesAmt011254
IRS990/InformationTechnologyGrp/TotalAmt014067
IRS990/InsuranceGrp/ManagementAndGeneralAmt01282
IRS990/InsuranceGrp/ProgramServicesAmt05130
IRS990/InsuranceGrp/TotalAmt06412
IRS990/InterestGrp/ProgramServicesAmt0137346
IRS990/InterestGrp/TotalAmt0137346
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0360
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0360
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt059172
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012767
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09125
IRS990/LandBldgEquipCostOrOtherBssAmt068297
IRS990/LegalDomicileStateCd0NH
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04350117
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03578843
IRS990/NetAssetsOrFundBalancesBOYAmt08373957
IRS990/NetAssetsOrFundBalancesEOYAmt08410073
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08193957
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08230073
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03230
IRS990/OccupancyGrp/ProgramServicesAmt012922
IRS990/OccupancyGrp/TotalAmt016152
IRS990/OfficeExpensesGrp/ProgramServicesAmt017309
IRS990/OfficeExpensesGrp/TotalAmt017309
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02019
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08077
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010096
IRS990/OtherExpensesGrp/Desc0PROVISION FOR NON-PERFORM
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SBA GUARANTEE FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01537
IRS990/OtherExpensesGrp/ProgramServicesAmt0100000
IRS990/OtherExpensesGrp/ProgramServicesAmt125659
IRS990/OtherExpensesGrp/ProgramServicesAmt26150
IRS990/OtherExpensesGrp/ProgramServicesAmt35474
IRS990/OtherExpensesGrp/TotalAmt0100000
IRS990/OtherExpensesGrp/TotalAmt125659
IRS990/OtherExpensesGrp/TotalAmt27687
IRS990/OtherExpensesGrp/TotalAmt35474
IRS990/OtherLiabilitiesGrp/EOYAmt0187438
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt041943
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0167772
IRS990/OtherSalariesAndWagesGrp/TotalAmt0209715
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012048933
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010831816
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05195
IRS990/PayrollTaxesGrp/ProgramServicesAmt020778
IRS990/PayrollTaxesGrp/TotalAmt025973
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08126
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08261
IRS990/PrincipalOfficerNm0TIMOTHY DARGAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/BusinessCd3561499
IRS990/ProgramServiceRevenueGrp/BusinessCd4561499
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SALE OF TAX CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2GRANTS
IRS990/ProgramServiceRevenueGrp/Desc3FEES AND COMMISSIONS ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc4OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0721310
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt48858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0721310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48858
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0424
IRS990/PYOtherExpensesAmt0361304
IRS990/PYProgramServiceRevenueAmt0806924
IRS990/PYRevenuesLessExpensesAmt090071
IRS990/PYSalariesCompEmpBnftPaidAmt0355973
IRS990/PYTotalExpensesAmt0717277
IRS990/PYTotalRevenueAmt0807348
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt036116
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0782018
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0259,446
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt019000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0321088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0499000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0874088
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0721310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0750044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0691929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0678395
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0714465
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03556143
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03431794
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt042060
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt037304
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt021037
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0114619
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt044426
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0259446
IRS990ScheduleA/PrivateFoundation170Ind0X
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.18640
IRS990ScheduleA/PublicSupportPY170Pct00.18760
IRS990ScheduleA/PublicSupportTotal170Amt0874088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0321088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0499000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0874088
IRS990ScheduleA/TotalSupportAmt04689677
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09125
IRS990ScheduleD/EquipmentGrp/DepreciationAmt059172
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068297
IRS990ScheduleD/ExpensesSubtotalAmt0746262
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0187438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NH NP ENTERPRISE RELIEF GRANT
IRS990ScheduleD/RevenueSubtotalAmt0782378
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09125
IRS990ScheduleD/TotalExpensesPerForm990Amt0746262
IRS990ScheduleD/TotalLiabilityAmt0187438
IRS990ScheduleD/TotalRevenuePerForm990Amt0782378
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0782378
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0746262
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER OF THE ORGANZIATION REVIEWS THE FORM 990, WITH ACCOMPANYING FORMS AND SCHEDULES, ON BEHALF OF THE GOVERNING BODY BEFORE IT IS SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS, BOARD MEMBERS, AND KEY EMPLOYEES ARE REGULARLY ASKED TO DISCLOSE THEIR BUSINESS AND INVESTMENT HOLDINGS AND TRANSACTIONS, INCLUDING OTHER FAMILY MEMBERS, THAT COULD GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY OF THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE TO MONITOR AND RECOMMEND SALARY GUIDELINES FOR ITS KEY EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, UTILIZING COMPARATIVE COMPENSATION DATA AND OTHER RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BODY OF THE ORGANIZATION HAS ESTABLISHED A COMPENSATION COMMITTEE TO MONITOR AND RECOMMEND SALARY GUIDELINES FOR ITS KEY EMPLOYEES INCLUDING THE EXECUTIVE DIRECTOR, UTILIZING COMPARATIVE COMPENSATION DATA AND OTHER RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMETNS TO THE GENERAL PUBLIC BY PROVIDING COPIES UPON REQUEST OR BY INSPECTION AT ITS MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012775252
IRS990/TotalAssetsEOYAmt012221278
IRS990/TotalAssetsGrp/BOYAmt012775252
IRS990/TotalAssetsGrp/EOYAmt012221278
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt088369
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0657893
IRS990/TotalFunctionalExpensesGrp/TotalAmt0746262
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04401295
IRS990/TotalLiabilitiesEOYAmt03811205
IRS990/TotalLiabilitiesGrp/BOYAmt04401295
IRS990/TotalLiabilitiesGrp/EOYAmt03811205
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08373957
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08410073
IRS990/TotalProgramServiceExpensesAmt0657893
IRS990/TotalProgramServiceRevenueAmt0782018
IRS990/TotalReportableCompFromOrgAmt0132341
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0782378
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0782378
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012775252
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012221278
IRS990/TravelGrp/ProgramServicesAmt01759
IRS990/TravelGrp/TotalAmt01759
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 ATLANTIC AVE
IRS990/USAddress/CityNm0DOVER
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003820
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.SEDCNH.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY DARGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06037492211
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-16

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,221,278
Liabilities
$3,811,205
Net assets
$8,410,073
Revenue
$782,378
Expenses
$746,262
Net income
$36,116
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.2$5.61$12.6$1.10$0.94$0.16
2023Detailed filing. Detailed filing data is available for this year.$17.6$5.17$12.4$2.43$0.79$1.64
2022Detailed filing. Detailed filing data is available for this year.$16.0$5.23$10.7$0.87$0.67$0.20
2021Detailed filing. Detailed filing data is available for this year.$14.0$3.42$10.5$2.86$0.72$2.14
2020Detailed filing. Detailed filing data is available for this year.$12.2$3.81$8.41$0.78$0.75$0.04
2019Detailed filing. Detailed filing data is available for this year.$12.8$4.40$8.37$0.81$0.72$0.09
2018Detailed filing. Detailed filing data is available for this year.$12.5$4.23$8.28$1.03$0.71$0.32
2017Detailed filing. Detailed filing data is available for this year.$11.0$3.05$7.96$0.81$0.66$0.15
2016Detailed filing. Detailed filing data is available for this year.$11.5$3.73$7.81$1.26$1.11$0.15
2015Detailed filing. Detailed filing data is available for this year.$11.3$3.61$7.66$0.75$0.64$0.11
2014Detailed filing. Detailed filing data is available for this year.$10.4$2.85$7.55$0.78$0.67$0.10
2013Detailed filing. Detailed filing data is available for this year.$9.41$1.96$7.45$1.13$0.50$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.86$2.04$6.82$0.50
2011Summary only. Only limited summary data is available for this year.$7.76$1.68$6.09$0.62$0.61$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$2.18$6.08$0.84