NonprofitsSouth Eastern Economic Dev Corp

South Eastern Economic Dev Corp

TAUNTON, MA

Total revenue

$4.5M

Total expenses

$2.5M

Net assets

$21.6M

Grants received

EIN

042772952

Tax year

2023

Mission

Seed's mission is to assist small businesses to start-up, expand and create new jobs. Seed was certified in 1982 by the u.s. Sba to package sba 504 loans. Seed also makes loans as a cdfi under the u.s. Department of treasury, & eda u.s. Department of commerce, and a sba micro lender and provides technical assistance.

Programs

3 programs

Micro loan program including sba micro loans and technical assistance and ma technical assistance. Underwriting, closing and servicing of loans up to 50,000 to small businesses for working capital furniture and fixtures and equipment. Administration of technical assistance program for start-up and existing small businesses in conjunction with the sba micro loan program. The program includes eight counties from boston to the cape and islands in massachusetts, and all of rhode island.

Expenses: $907K

Revolving loan fund program: underwriting, closing and servicing of loans up to 200,000 under the u.s. Economic development administration (eda) revolving loan fund program and the community development financial institution fund (cdfi) under the u.s. Department of treasury, and seed fund and ri fund. These loans are made in conjunction with bank and other financing to small businesses in southeastern massachusetts and rhode island.

Expenses: $1.0M

Other program services

Expenses: $120K

Financials

FY 2023

Revenue

Contributions & grants$2.3M
Program service revenue$2.1M
Investment income$176K
Other revenue
Total revenue$4.5M

Expenses

Grants paid
Salaries & benefits$2.1M
Fundraising
Other expenses$449K
Total expenses$2.5M
Total assets$28.7M
Net assets$21.6M

People

38 listed

NameRoleCompensation

JOHN SILVA

SECOND VICE

Board

2 hrs/wk

WILLIAM J ASH

DIRECTOR

Board

1 hrs/wk

RICHARD SHAFER

CLERK

Board

1 hrs/wk

DEBORAH PANULLO

DIRECTOR

Board

1 hrs/wk

KEITH BROYLES

DIRECTOR

Board

1 hrs/wk

JOHNNY CHARLES

DIRECTOR

Board

1 hrs/wk

CHRISTOPHER COONEY

DIRECTOR

Board

1 hrs/wk

BRADFORD P EGAN

DIRECTOR

Board

1 hrs/wk

PATRICK J GAUGHAN

DIRECTOR

Board

1 hrs/wk

MARIA GOOCH-SMITH

DIRECTOR

Board

1 hrs/wk

JAMES HANLON

DIRECTOR

Board

1 hrs/wk

JAMES HORRIGAN

DIRECTOR

Board

1 hrs/wk

CHERYL A MCCORMICK

ASSISTANT CL

Board

1 hrs/wk

PAUL S MEDEIROS

DIRECTOR

Board

1 hrs/wk

JENNIFER MENARD

DIRECTOR

Board

1 hrs/wk

BRIAN GRIFFIN

DIRECTOR

Board

1 hrs/wk

REBECCA COLLINS

DIRECTOR

Board

1 hrs/wk

JOSEPH ORLANDO

DIRECTOR

Board

1 hrs/wk

MICHAEL O'SULLIVAN

DIRECTOR

Board

1 hrs/wk

CRYSTAL DACRUZ

DIRECTOR

Board

1 hrs/wk

DORIS DE LOS SANTOS

DIRECTOR

Board

1 hrs/wk

ALLYSON BRAINSON

DIRECTOR

Board

1 hrs/wk

PAMELA LABRECHE

DIRECTOR

Board

1 hrs/wk

STEPHEN PECK

DIRECTOR

Board

1 hrs/wk

JEFFREY PINEAULT

DIRECTOR

Board

1 hrs/wk

PAUL RUOCCO

DIRECTOR

Board

1 hrs/wk

CHARLES DEBEVOISE

DIRECTOR

Board

1 hrs/wk

CHARLES DWYER

PAST CHAIRMA

Board

2 hrs/wk

RACHEL BARRETT

DIRECTOR

Board

1 hrs/wk

CARL W TABER

CHAIR

Board

2 hrs/wk

LORRAINE TRAVERS

TREASURER

Board

2 hrs/wk

EDWARD F SOUSA

ASST TREASUR

Board

2 hrs/wk

CATHERINE FEERICK

FIRST VICE C

Board

2 hrs/wk

SUSAN MURRAY

EXECUTIVE DI

Staff

$285K

40 hrs/wk

LISA M HOLMES

SR VP LENDIN

Staff

$187K

40 hrs/wk

LAURIE DRISCOLL

VP COMMERCIA

Staff

$165K

40 hrs/wk

ANGELA LAPERRIERE

VP BUSINESS

Staff

$154K

40 hrs/wk

TAMARAH BACON

VP COMMERCIA

Staff

$150K

40 hrs/wk

Details

EIN042772952
Subsection04
Ruling date1983-04
Formed1982
Employees15
Volunteers53
SOUTH EASTERN ECONOMIC DEV CORP — Mission, Financials & Grants Received | Grantivo