SKOWHEGAN ECONOMIC DEVELOPMENT CORPORATION

SKOWHEGAN, ME | Somerset County
Economic Development

Overview

SKOWHEGAN ECONOMIC DEVELOPMENT CORPORATION
04-3364974
225 WATER ST
SKOWHEGAN, ME 04976
Somerset County

Mission Statement info

TO FOSTER, ENCOURAGE AND ASSIST IN THE LOCATION, SETTLEMENT OR RESETTLEMENT OF INDUSTRY AND RECREATIONAL, AGRICULTURAL, AND OTHER BUSINESS ENTERPRISES IN THE TOWN OF SKOWHEGAN AND IN THE COUNTY OF SOMERSET.

Founded info
Not reported
Total Employees info
0
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
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
400
Area development, redevelopment of renewal
403
Attracting new industry or retaining industry in an area
-
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
$155.6K
Revenue
$29.1K
Assets
$1.9M
Exempt Ruling Date info
1998-01
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
225 WATER ST
SKOWHEGAN, ME 04976
Somerset County
FIPS Geocoded Address info
NA
MSA/CBSA info
23
State info
025
County info
9667.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Not located in a CBSA.
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Neither
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 5.92%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
9667.00 Somerset County
Population
Total Population 4,223 50,520
Total Households 1,842 21,321
Income
Median Family Income (Census*) $48,984 $44,256
Median Family Income (2019 FFIEC) $64,800 N/A
Tract Income Percentage 89.28% N/A
Below Poverty Level 21.9% 20.4%
Unemployment Level 9.5% 6.6%
Housing
Total Housing Units 2,077 30,868
Total Owner-Occupied Units 54.7% 76.1%
Total Renter-Occupied Units 34.0% 23.9%
Total Vacant Units 11.3% 6.7%
* 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
Jeff Hewett
Executive Director
Principal Officer info
Not reported by nonprofit.
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.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.