Maine · Nonprofit
SCARBOROUGH ECONOMIC DEV CORP
SCARBOROUGH ECONOMIC DEV CORP (Maine) receives grants from 3 organizations whose IRS filings report $3,500 to it, the largest being Saco & Biddeford Savings Charitable Foundation ($1,500). 2 of them have funded it in more than one year.
- Revenue FY2025
- $324k
- Funders on record
- 3
- Grants received
- $4k
- Net assets
- $-27364
What Scarborough Economic Dev Corp does
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.
As stated on its FY2025 Form 990.
Program
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 expansion of businesses in scarborough; 3.provides confidential assistance to any business considering starting, relocating or expanding within the town limits; 4.maintains and grows a comprehensive intelligence system for use by both the private and public sectors; 5.assesses the economic competitiveness of the town; 6.cultivates a network of local, regional, state, federal and international resources which can assist local businesses and municipal officials; and 7.assists town departments in planning and implementing economic development policies.
$289,716 spent$12,106 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $289,716.
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 2024 to 2025, from $67k to $53k (−21%).
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 97% · 2018 94% · 2019 94% · 2020 96% · 2021 99% · 2022 97% · 2023 97% · 2024 97% · 2025 96%. Grants only. Government contracts and fees sit inside program revenue.
96% of SCARBOROUGH ECONOMIC DEV CORP’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 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.
Chief executive
Karen Martin
Executive director
Board chair
Jonathan Crasnick
Chairperson
As listed on its FY2025 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $250 → $750.
From the IRS filings of SCARBOROUGH ECONOMIC DEV CORP’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
SCARBOROUGH ECONOMIC DEV CORP leans on a few funders — its largest provides 43% of grant income and the top three 100%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 100% · 2022 67% · 2023 67% — 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
100% of SCARBOROUGH ECONOMIC DEV CORP's grant income comes from Maine 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
SCARBOROUGH ECONOMIC DEV CORP's funding base is broadening — from 1 funders to 2 as grant income climbed.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Organizations like SCARBOROUGH ECONOMIC DEV CORP
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 Maine
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for SCARBOROUGH ECONOMIC DEV CORP: 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 SCARBOROUGH ECONOMIC DEV CORP?
- SCARBOROUGH ECONOMIC DEV CORP (Maine) receives grants from 3 organizations whose IRS filings report $3,500 to it, the largest being Saco & Biddeford Savings Charitable Foundation ($1,500). 2 of them have funded it in more than one year.
- How many funders does SCARBOROUGH ECONOMIC DEV CORP have?
- IRS filings report 3 organizations giving $3,500 in grants to SCARBOROUGH ECONOMIC DEV CORP, 2 of which have funded it in more than one year.
- Who is the largest funder of SCARBOROUGH ECONOMIC DEV CORP?
- Saco & Biddeford Savings Charitable Foundation is the largest funder on record, with $1,500 in grants. The full list of funders is on this page.
- How can an organization like SCARBOROUGH ECONOMIC DEV CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maine. 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 Scarborough Economic Dev →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), 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 14, 2026. What this page cannot tell you · view filing