SCARBOROUGH ECONOMIC DEVELOPMENT CORP | SEDCO

SCARBOROUGH, ME | Cumberland County
Economic Development

Overview

SCARBOROUGH ECONOMIC DEVELOPMENT CORP | SEDCO
01-0409428
360 US-1
SCARBOROUGH, ME 04074
Cumberland County
(207) 883-4893

Mission Statement info

THE MISSION OF SEDCO IS TO SUPPORT ECONOMIC AND BUSINESS DEVELOPMENT TO IMPROVE THE QUALITY OF LIFE IN SCARBOROUGH, MAINE, BY EXPANDING THE TOWNS TAX AND EMPLOYMENT BASE.

Founded info
1985
Total Employees info
2
Total Volunteers info
Not reported
CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
S31

S - Community Improvement, Capacity Building

Urban & Community Economic Development

Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.

IRS Activity Codes info
403
Attracting new industry or retaining industry in an area
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$253.6K
Revenue
$253.6K
Assets
$63K
Exempt Ruling Date info
1988-10
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
360 US-1
SCARBOROUGH, ME 04074
Cumberland County
FIPS Geocoded Address info
38860
MSA/CBSA info
23
State info
005
County info
0173.04
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Portland-South Portland, ME
Combined Statistical Area info
Portland-Lewiston-South Portland, ME
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 7.78%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0173.04 Cumberland County
Population
Total Population 6,308 292,307
Total Households 2,707 120,644
Income
Median Family Income (Census*) $96,957 $73,072
Median Family Income (2019 FFIEC) $86,700 N/A
Tract Income Percentage 129.79% N/A
Below Poverty Level 7.0% 9%
Unemployment Level 2.7% 3.1%
Housing
Total Housing Units 3,343 144,470
Total Owner-Occupied Units 56.1% 69.3%
Total Renter-Occupied Units 24.9% 30.7%
Total Vacant Units 19.0% 6%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

9
Total Voting Members
in Governing Body
info
9
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Karen Martin
President
(207) 883-4893
Principal Officer info
Karen Martin
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

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