Public Charity

SOUTH EASTERN ECONOMIC DEVELOPMENT CORPORATION

SOUTH EASTERN ECONOMIC DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in TAUNTON, MA. Its most recent IRS filing (2025) reports revenue of $5.6M, expenses of $2.8M, total assets of $31.9M.

EIN: 042772952 TAUNTON, MA Latest filing: 2025
Total Revenue$5.6M
Total Expenses$2.8M
Total Assets$31.9M
Grant Records0
Filing Years2021–2025

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.

Where $100 goes at South Eastern Economic Development Corporation

How South Eastern Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$94 Programs the work itself
$6 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 $94 for programs

$52
Revolving loan fund program
55% of program spending
$30
Micro loan program including sba micro loans and technical assistance and ma technical assistance
31% of program spending · Reported in the filing: 50,000 businesses
$11
5sba 504 program
12% of program spending · Reported in the filing: 504 loans

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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 Allyson Brainson
VP BUSINESS Angela Laperriere
DIRECTOR April Lynch
DIRECTOR Bradford P Egan
DIRECTOR Brian Griffin
CHAIR Carl W Taber

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $5.6M $2.8M $31.9M
2024 $4.5M $2.5M $28.7M
2023 $4.8M $2.5M $24.7M
2022 $3.1M $2.3M $21.2M
2021 $7.4M $1.9M $19.9M

Between 2021 and 2025, reported annual revenue declined from $7.4M to $5.6M (-25%), with total assets most recently reported at $31.9M.

Interactive year-over-year charts and full filing details available with membership.

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