Civic Intelligence

Strafford Economic Development Corporation

990 • Fiscal year 2023 • EIN 04-3367947

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 11, 2024

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

61st percentile

0.29x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

2.13x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

94th percentile

67%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

50th percentile

$180,250

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

61st percentile

9.9%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

179%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$17,556,099

Up $1,582,939 (+9.9%) from 2022

Net Assets

Up

$12,388,262

Up $1,640,364 (+15%) from 2022

Liabilities

Down

$5,167,837

Down $57,425 (-1.1%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin94th percentile

Revenue

Up

$2,431,823

Up $1,558,889 (+179%) from 2022

Expenses

Up

$791,459

Up $117,390 (+17%) from 2022

Net Income

Up

$1,640,364

Up $1,441,499 (+725%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2023

Assets$17,556,099
Liabilities$5,167,837
Net Assets$12,388,262
Open 2023 Filing

Operations Trend

Revenue Growth96th 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

2023

Revenue$2,431,823
Expenses$791,459
Net Income$1,640,364
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 11, 2024
Return Version
2023v5.0
Gross Receipts
$2,431,823
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$13,679,732$14,311,023▲ $631,291
Cash and Non-Interest-Bearing Accounts$1,435,413$3,215,374▲ $1,779,961
Accounts Receivable$14,551$14,588▲ $37
Prepaid Expenses and Deferred Charges$9,378$9,373▼ $5
Land, Buildings, and Equipment, Net$7,821$5,741▼ $2,080
Total Assets$15,973,160$17,556,099▲ $1,582,939
Other Assets Total$826,265--
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,188,590$5,112,085▲ $1,923,495
Other Liabilities$2,000,000--
Accounts Payable and Accrued Expenses$36,672$53,665▲ $16,993
Deferred Revenue-$2,087-
Total Liabilities$5,225,262$5,167,837▼ $57,425
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,532,546$10,776,146▲ $1,243,600
Net Assets With Donor Restrictions$1,215,352$1,612,116▲ $396,764
Total Net Assets Fund Balance$10,747,898$12,388,262▲ $1,640,364
Total Liabilities and Net Assets / Fund Balance$15,973,160$17,556,099▲ $1,582,939

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,741$68,250$73,991
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis MccannExecutive DiFT$175,000$5,250$180,250
Dennis MccannExecutive Director-$175,000$5,250$180,250
Zachery PalmerDirectorFT$20,615-$20,615

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
$1,453,737
Program Service Revenue
$952,411
Investment Income
$25,675
Other Revenue
$0
All Other Contributions
$42,915
Change in Net Assets
$1,640,364

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$42,915Loan Value
Total Noncash Contributions1$42,915-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,431,823
Total Revenue per Audited Statements
$2,431,823
Total Revenue per Form 990
$2,431,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$413,665
Other Expenses$377,794
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$156,492$39,123-$195,615
Other Salaries and Wages$141,337$35,334-$176,671
Interest$142,507--$142,507
Payroll Taxes$21,953$5,488-$27,441
Fees for Services Accounting$21,155$5,289-$26,444
Occupancy$13,816$3,454-$17,270
Information Technology$11,662$2,916-$14,578
Other Employee Benefits$11,150$2,788-$13,938
Office Expenses$8,697--$8,697
Fees for Services Legal$7,579--$7,579
Fees for Services Other$6,775$166-$6,941
Insurance$4,802$1,200-$6,002
Travel$4,625--$4,625
Other Expenses$4,020$1,578-$4,020
All Other Expenses$3,732--$3,732
Depreciation Depletion$2,080--$2,080
Total Functional Expenses$694,123$97,336$0$791,459

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$791,459
Total Expenses per Audited Statements$791,459
Total Expenses per Form 990$791,459
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
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
2024-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Dargan
Formed
1997
Legal Domicile
Nh
Voting Board Members
9
Independent Board Members
9
Employees
5

Preparer

Firm
Murphy Powers & Wilson Cpas Pc
Address
1 MERRILL INDUSTRIAL DR UNIT 1, HAMPTON, NH 03842
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 460 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/BOYAmt036672
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt053665
IRS990/AccountsReceivableGrp/BOYAmt014551
IRS990/AccountsReceivableGrp/EOYAmt014588
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/AllOtherContributionsAmt042915
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03732
IRS990/AllOtherExpensesGrp/TotalAmt03732
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/BOYAmt01435413
IRS990/CashNonInterestBearingGrp/EOYAmt03215374
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt039123
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0156492
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0195615
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01453737
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt025675
IRS990/CYOtherExpensesAmt0377794
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0952411
IRS990/CYRevenuesLessExpensesAmt01640364
IRS990/CYSalariesCompEmpBnftPaidAmt0413665
IRS990/CYTotalExpensesAmt0791459
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02431823
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0true
IRS990/DeferredRevenueGrp/EOYAmt02087
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02080
IRS990/DepreciationDepletionGrp/TotalAmt02080
IRS990/Desc0THE ORGANIZATION ORIGINATED EIGHT ADDITIONAL ECONOMIC DEVELOPMENT LOANS FOR AREA BUSINESSES DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023, ADDING 1,742,455 IN NEW LENDING TO ITS LOAN PORTFOLIO.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01215352
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01612116
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0694123
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05289
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt021155
IRS990/FeesForServicesAccountingGrp/TotalAmt026444
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt07579
IRS990/FeesForServicesLegalGrp/TotalAmt07579
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0166
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06775
IRS990/FeesForServicesOtherGrp/TotalAmt06941
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt710.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt95.00
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/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt05250
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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS MCCANN
IRS990/Form990PartVIISectionAGrp/PersonNm1ZACHERY PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm2TIMOTHY DARGAN
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS DUMAIS
IRS990/Form990PartVIISectionAGrp/PersonNm4DANA LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL NYE
IRS990/Form990PartVIISectionAGrp/PersonNm6MARCELLA PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm7SAMUEL REID
IRS990/Form990PartVIISectionAGrp/PersonNm8LISA STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm9MARK WENTWORTH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0175000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt01410822
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02431823
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02916
IRS990/InformationTechnologyGrp/ProgramServicesAmt011662
IRS990/InformationTechnologyGrp/TotalAmt014578
IRS990/InsuranceGrp/ManagementAndGeneralAmt01200
IRS990/InsuranceGrp/ProgramServicesAmt04802
IRS990/InsuranceGrp/TotalAmt06002
IRS990/InterestGrp/ProgramServicesAmt0142507
IRS990/InterestGrp/TotalAmt0142507
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt025675
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025675
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt068250
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07821
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05741
IRS990/LandBldgEquipCostOrOtherBssAmt073991
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/BOYAmt03188590
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05112085
IRS990/NetAssetsOrFundBalancesBOYAmt010747898
IRS990/NetAssetsOrFundBalancesEOYAmt012388262
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09532546
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010776146
IRS990/NoncashContributionsAmt042915
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03454
IRS990/OccupancyGrp/ProgramServicesAmt013816
IRS990/OccupancyGrp/TotalAmt017270
IRS990/OfficeExpensesGrp/ProgramServicesAmt08697
IRS990/OfficeExpensesGrp/TotalAmt08697
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0826265
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02788
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011150
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013938
IRS990/OtherExpensesGrp/Desc0PROVISION FOR NON-PERFORM
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3WEB MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01578
IRS990/OtherExpensesGrp/ProgramServicesAmt0100000
IRS990/OtherExpensesGrp/ProgramServicesAmt125429
IRS990/OtherExpensesGrp/ProgramServicesAmt26312
IRS990/OtherExpensesGrp/ProgramServicesAmt34020
IRS990/OtherExpensesGrp/TotalAmt0100000
IRS990/OtherExpensesGrp/TotalAmt125429
IRS990/OtherExpensesGrp/TotalAmt27890
IRS990/OtherExpensesGrp/TotalAmt34020
IRS990/OtherLiabilitiesGrp/BOYAmt02000000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035334
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0141337
IRS990/OtherSalariesAndWagesGrp/TotalAmt0176671
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt013679732
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt014311023
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05488
IRS990/PayrollTaxesGrp/ProgramServicesAmt021953
IRS990/PayrollTaxesGrp/TotalAmt027441
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09378
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09373
IRS990/PrincipalOfficerNm0TIMOTHY DARGAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEES AND COMMISSIONS ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0918329
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0918329
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212826
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt042222
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0319
IRS990/PYOtherExpensesAmt0305258
IRS990/PYProgramServiceRevenueAmt0830393
IRS990/PYRevenuesLessExpensesAmt0198865
IRS990/PYSalariesCompEmpBnftPaidAmt0368811
IRS990/PYTotalExpensesAmt0674069
IRS990/PYTotalRevenueAmt0872934
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01640364
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02431823
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0252,668
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01453737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02121803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt019000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03656762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0918329
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0756954
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0699311
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0721310
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0750044
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03845948
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04176624
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt059757
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt073758
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt039789
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt042060
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt037304
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0252668
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47150
IRS990ScheduleA/PublicSupportPY170Pct00.39700
IRS990ScheduleA/PublicSupportTotal170Amt03656762
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01453737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt042222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02121803
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt019000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03656762
IRS990ScheduleA/TotalSupportAmt07755378
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/BookValueAmt05741
IRS990ScheduleD/EquipmentGrp/DepreciationAmt068250
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt073991
IRS990ScheduleD/ExpensesSubtotalAmt0791459
IRS990ScheduleD/RevenueSubtotalAmt02431823
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05741
IRS990ScheduleD/TotalExpensesPerForm990Amt0791459
IRS990ScheduleD/TotalRevenuePerForm990Amt02431823
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02431823
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0791459
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DENNIS MCCANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0180250
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0NOTE RECEIVABLE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0LOAN VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt042915
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
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/TotalAssetsBOYAmt015973160
IRS990/TotalAssetsEOYAmt017556099
IRS990/TotalAssetsGrp/BOYAmt015973160
IRS990/TotalAssetsGrp/EOYAmt017556099
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01453737
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097336
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0694123
IRS990/TotalFunctionalExpensesGrp/TotalAmt0791459
IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,556,099
Liabilities
$5,167,837
Net assets
$12,388,262
Revenue
$2,431,823
Expenses
$791,459
Net income
$1,640,364
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