33
Somerset Economic Development Corporation
Public Benefit · Skowhegan, Maine
41 Court Street, Skowhegan, ME 04976-1863
EIN: 010535534· Founded: Oct 2000· 26 years active· Filing Year: 2023
Annual Revenue
$551K
Total Expenses
$557K
Total Assets
$3.2M
Program Spending
0%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$91K
16.3% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$11K
Total Payroll
$102K
18% of total expenses
Where the Money Goes
0%
Programs: 0%
Payroll: 18%
Other overhead: 100%
Program Revenue$1K (0%)
Total Expenses$557K (100%)
Payroll$102K (18%)
Overhead (non-program)100%
Trust Score Breakdown
Program Spending Ratio
0% of expenses go to programs
Revenue & Stability
$551K annual revenue
Executive Compensation
$91K total officer comp (16.3% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$3.2M in assets
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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.