SOMERSET ECONOMIC DEVELOPMENT
Data sourced from IRS 990 public filings
SOMERSET ECONOMIC DEVELOPMENT TO ASSIST COUNTY BUSINESSES AND LOCAL GOVERNMENTS IN ACCESSING ECONOMIC ASSISTANCE, GRANTS AND LOANS FOR JOB GROWTH AND RETENTION. PROMOTE ECNOMIC DEVELOPMENT TO 400 +/- CLIENTS.
Local (City/County Level)
Low-Income/Economically Disadvantaged
Direct Service Delivery
Community & Economic Development
Workforce & Economic Opportunity
Education & Awareness
Annual Revenue
$439,678
Known Funders
2
Grants Received
3
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $439,678 | $529,531 | $6,147,385 |
| 2023 | $551,464 | $556,851 | $3,234,142 |
| 2022 | $1,217,524 | $130,299 | $3,148,019 |
| 2021 | $271,933 | $165,952 | $1,748,617 |
| 2020 | $172,433 | $164,877 | $1,099,586 |
| 2019 | $230,458 | $206,114 | $1,051,157 |
| 2018 | $247,105 | $173,182 | $920,396 |
| 2017 | $331,849 | $97,281 | $721,188 |
Top Funders
United States Endowment for Forestry
Greenville, SC
$291,000 (2021)
Maine Community Foundation Inc
Ellsworth, ME
$15,000 (2021)
United States Endowment for Forestry
Greenville, SC
$13,530 (2023)
Key Personnel
From 2024 IRS 990 filing
V
VICKI ALWARD
TREASURER
Officer
T
TIM CURTIS
DIRECTOR
D
DESTINY DEMO
PRESIDENT
Officer
M
MICHELLE FLEWELLING
DIRECTOR
S
SAM HIGHT
DIRECTOR
E
ERNIE HILTON
DIRECTOR
J
JEFF MCGOWN
PAST PRESIDENT
D
DON SKILLINGS
VICE PRESIDENT
Officer
S
STEVE STEWARD
DIRECTOR
R
RUSSELL WALTERS
DIRECTOR
Showing 10 of 15 key personnel.
Frequently Asked Questions
Other Nonprofits in Maine
MaineHealth$4,114,078,544
Eastern Maine Medical Center$1,111,539,205
Martin's Point Generations Advantage$745,845,935
MaineGeneral Health and Affiliates$702,078,233
THE JACKSON LABORATORY$652,542,607
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