Nonprofits›Somerset Economic Development Corporation

Public & Societal Benefit

Somerset Economic Development Corporation

SKOWHEGAN, ME

Website

Total revenue

$440K

Total expenses

$530K

Net assets

$1.5M

Grants received

$20K

2 grants

EIN

010535534

Tax year

2024

Mission

To assist county businesses and local governments in accessing economic assistance, grants and loans for job growth and retention. Promote ecnomic development to 400 +/- clients.

Financials

FY 2024

Revenue

Contributions & grants$356K
Program service revenue$1K
Investment income$80K
Other revenue$2K
Total revenue$440K

Expenses

Grants paid—
Salaries & benefits$115K
Fundraising—
Other expenses$415K
Total expenses$530K
Total assets$6.1M
Net assets$1.5M

People

15 listed

NameRoleCompensation

CHRISTIAN SAVAGE

EXECUTIVE DIRECTOR

Board

$96K

40 hrs/wk

TIM CURTIS

DIRECTOR

Board

—

0.25 hrs/wk

DESTINY DEMO

PRESIDENT

Board

—

0.25 hrs/wk

MICHELLE FLEWELLING

DIRECTOR

Board

—

0.25 hrs/wk

SAM HIGHT

DIRECTOR

Board

—

0.25 hrs/wk

ERNIE HILTON

DIRECTOR

Board

—

0.25 hrs/wk

JEFF MCGOWN

PAST PRESIDENT

Board

—

0.25 hrs/wk

VICKI ALWARD

TREASURER

Board

—

0.25 hrs/wk

STEVE STEWARD

DIRECTOR

Board

—

0.25 hrs/wk

RUSSELL WALTERS

DIRECTOR

Board

—

0.25 hrs/wk

LARRY WARREN

DIRECTOR

Board

—

0.25 hrs/wk

DICK WILLETT

DIRECTOR

Board

—

0.25 hrs/wk

DAVID DORR

DIRECTOR

Board

—

0.25 hrs/wk

JOEL STETKIS

DIRECTOR

Board

—

0.25 hrs/wk

DON SKILLINGS

VICE PRESIDENT

Board

—

0.25 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
United States Endowment for Forestry
$14K
Economic Development Administration
2023
Franklin Savings Bank Community
$6K
General Operating Support
2020

Funded by

$20K from 2 funders · 2 grants · 2020–2023

Franklin Savings Bank Community

$6K · 1 grant · 2020

Details

EIN010535534
NTEE codeW20
Subsection03
Ruling date2000-10
Formed1999
Employees2
Volunteers14
SOMERSET ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo