Mission
THE SCARBOROUGH ECONOMIC DEVELOPMENT CORPORATION (SEDCO) DEVELOPS, SUPPORTS AND PROMOTES SUSTAINABLE ECONOMIC DEVELOPMENT PRACTICES LEADING TO A HEALTHY, DIVERSE AND RESILIENT LOCAL ECONOMY FOR THE SCARBOROUGH COMMUNITY.
Public Charity
SCARBOROUGH ECONOMIC DEV CORP
SCARBOROUGH ECONOMIC DEV CORP is a nonprofit organization categorized as Public Charity based in SCARBOROUGH, ME. Its most recent IRS filing (2025) reports revenue of $324K, expenses of $338K, total assets of $53K.
EIN: 010409428
SCARBOROUGH, ME
Urban & Community Economic Development
NTEE: S31
Latest filing: 2025
Total Revenue$324K
Total Expenses$338K
Total Assets$53K
Grant Records0
Filing Years2020–2025
Where $100 goes at Scarborough Economic Dev Corp
How Scarborough Economic Dev Corp divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$92
Programs
the work itself
$8
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $92 for programs
$92
In order to fulfull the mission, sedco 1.Develops and advocates for economic policies and programs which support the town's comprehensive plan 2.Assists in the attraction, establishment, retention and…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Allen Paul
DIRECTOR
Hellen Cella
TREASURER
James Hartley
DIRECTOR
Jason Perkins
CHAIRPERSON
Jonathan Crasnick
EXECUTIVE DIRECTOR
Karen Martin
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $324K | $338K | $53K |
| 2024 | $296K | $296K | $67K |
| 2023 | $281K | $280K | $62K |
| 2021 | $251K | $251K | $58K |
| 2020 | $249K | $259K | $53K |
Between 2020 and 2025, reported annual revenue grew from $249K to $324K (+30%), with total assets most recently reported at $53K.
Interactive year-over-year charts and full filing details available with membership.