Connecticut · Nonprofit
NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION
NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION (Connecticut) receives grants from 3 organizations whose IRS filings report $80,500 to it, the largest being ION BANK FOUNDATION INC ($64,500). 2 of them have funded it in more than one year.
- Revenue FY2026
- $61k
- Funders on record
- 3
- Grants received
- $81k
- Net assets
- $62k
What Naugatuck Economic Development Corporation does
Mission
To promote economic development in the borough of naugatuck, connecticut
As stated on its FY2026 Form 990.
Program
Economic development in the borough of naugatuck connecticut
$37,916 spent100% of program spending
The program described on its FY2026 Form 990. Program spending in total: $37,916.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2025 to 2026, from $41k to $66k (+60%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 78% · 2018 77% · 2019 72% · 2020 76% · 2021 70% · 2022 74% · 2023 72% · 2024 75% · 2025 74% · 2026 53%. Grants only. Government contracts and fees sit inside program revenue.
100% of NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (77% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 10 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Rebecca Zandvliet
Chairman
As listed on its FY2026 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $1k → $19k.
From the IRS filings of NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION leans on a few funders — its largest provides 80% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2020 100% · 2021 100% · 2022 100% · 2023 59% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
81% of NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION's grant income comes from Connecticut funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 372 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 372 community improvement nonprofits under $100k, FY2026
Government funding NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $941k on record.
- Pass thru Grant Non-State$941k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
100% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION?
- NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION (Connecticut) receives grants from 3 organizations whose IRS filings report $80,500 to it, the largest being ION BANK FOUNDATION INC ($64,500). 2 of them have funded it in more than one year.
- How many funders does NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 3 organizations giving $80,500 in grants to NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION?
- ION BANK FOUNDATION INC is the largest funder on record, with $64,500 in grants. The full list of funders is on this page.
- How can an organization like NAUGATUCK ECONOMIC DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Naugatuck Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2017–2026), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing