SHELTON ECONOMIC DEVELOPMENT CORP

Address
475 HOWE AVE STE 202
SHELTON, CT 06484
Contact
Website: http://www.sheltonedc.com
Phone: +1 (203) 924-2521
Nonprofit
NTEE: S30 - Economic Development
EIN: 06-1092685

Mission

PROMOTE ECONOMIC GROWTH IN THE COMMUNITY
 20162015201420132012
Basic features of the organization
Year of formation1983
Metropolitan statistical area5483
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$166,245.00    
Sum of reportable (W2/1099) compensation$166,245.00$132,139.00$126,003.00  
Number of employees665  
Number of people compensated >$100k111  
Personnel
Grant, Daivd
TitleVICE CHAIRVICE CHAIR   
Name of key/compensated personDAIVD GRANTDAIVD GRANT   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Grant, David
Title  VICE CHAIR  
Name of key/compensated person  DAVID M GRANT  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Grimmer, Paul
TitlePRESIDENT    
Name of key/compensated personPAUL GRIMMER    
Position of compensated person
Current officerTrue    
Reportable compensation from org$166,245.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Matto, Ralph
Title  SECRETARY  
Name of key/compensated person  RALPH MATTO  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Partington, William
TitleBOARD CHAIRTREASURERTREASURER  
Name of key/compensated personWILLIAM PARTINGTONWILLIAM PARTINGTONWILLIAM PARTINGTON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Ryan, James
Title PRESIDENTPRESIDENT  
Name of key/compensated person JAMES E RYANJAMES E RYAN  
Position of compensated person
Current officer TrueTrue  
Reportable compensation from org $132,139.00$126,003.00  
Other comp, non-reportable, from org and related orgs $45,310.00$35,304.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Schaible, Kenneth
Title BOARD CHAIRBOARD CHAIR  
Name of key/compensated person KENNETH SCHAIBLEKENNETH SCHAIBLE  
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrue  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROMOTE ECONOMIC GROWTH IN THE COMMUNITYPROMOTE ECONOMIC GROWTH IN THE COMMUNITYPROMOTE ECONOMIC GROWTH IN THE COMMUNITY  
Program service expenses, total$346,167.00$151,864.00$43,370.00  
Programs, including revenue & expenses
PROMOTE ECONOMIC DEVELOPMENT BY FACILITATING SITE STUDIES, MAPS, SOIL TESTING, UTILITY IMPROVEMENTS ,ETC
Program expenses$205,172.00$151,073.00$43,370.00  
Program descriptionPROMOTE ECONOMIC DEVELOPMENT BY FACILITATING SITE STUDIES, MAPS, SOIL TESTING, UTILITY IMPROVEMENTS ,ETCPROMOTE ECONOMIC DEVELOPMENT BY FACILITATING SITE STUDIES, MAPS, SOIL TESTING, UTILITY IMPROVEMENTS ,ETCPROMOTE ECONOMIC DEVELOPMENT BY FACILITATING SITE STUDIES, MAPS, SOIL TESTING, UTILITY IMPROVEMENTS ,ETC  
Financial data
Revenue
Total revenue$478,372.00$537,583.00$383,082.00  
Revenue from contributions (total)$478,154.00$537,518.00$376,463.00$350,854.00$356,511.00
Revenue from noncash contributions$16,332.00$21,310.00$19,621.00  
Investment income, current yr$218.00$65.00$584.00  
Total revenue from grants, etc., current yr$478,154.00$537,518.00$376,463.00  
Total unrelated business revenue$0.00$0.00$0.00  
Other revenue, current yr$0.00$0.00$6,035.00  
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$478,636.00$537,880.00$383,082.00  
Sources of contributions
Revenue from gov't grants$414,942.00$431,731.00$287,730.00  
Revenue from all other contributions$63,212.00$105,787.00$88,733.00  
Other types of revenue
Miscellaneous revenue (total)  $6,035.00  
Income from dividends, interest, and similar investments$482.00$362.00$584.00  
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$499,913.00$530,181.00$401,776.00  
Total functional expenses: program service $346,167.00$151,864.00$43,370.00  
Total functional expenses: management and general$153,746.00$378,317.00$358,406.00  
Total functional expenses: fundraising$0.00$0.00$0.00  
Fees for services
Legal fees (total)$2,902.00$5,019.00$5,412.00  
Fundraising service fees (total)$0.00$0.00$0.00  
Assets and liabilities
Total assets$340,219.00$392,607.00$277,025.00$257,212.00$286,220.00
Total assets, beginning of year$392,607.00$356,025.00$257,212.00  
Total liabilities$110,070.00$179,144.00$71,178.00$55,877.00$63,543.00
Total liabilities, beginning of year$140,917.00$149,964.00$55,877.00  
Pledges & accounts receivable, net$70,000.00    
Unrestricted net assets, end of yr$212,829.00$197,063.00$205,847.00  
Temporarily restricted net assets$17,320.00$16,400.00   
Net assets$230,149.00$213,463.00$205,847.00  
Net assets, beginning of year$251,690.00$206,061.00$201,335.00  
Other assets$2,350.00$2,250.00$2,250.00  
Other financial variables
Revenue less expenses-$21,541.00$7,402.00-$18,694.00  
Savings & temp cash investment$230,864.00$272,174.00$252,859.00  
Accounts receivable, net$22,033.00$102,580.00$7,948.00  
Prepaid expenses & deferred charges$11,600.00$11,600.00$11,600.00  
Accounts payable & accrued expenses$16,050.00$33,600.00$5,111.00  
Deferred revenue$94,020.00$145,544.00$66,067.00  
Total net assets or fund balances$230,149.00$213,463.00$205,847.00  
Depreciation, depletion, amortization$3,382.00$1,402.00$1,312.00  
Governance and accountability
Number of voting members444949  
Number of independent voting members4433  
Cash accounting  True  
Accrual accountingTrueTrue   
Tax year start date2016-01-012015-01-012014-01-01  
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Business transaction with entity ownerTrueTrueTrue  
Business transaction with employeeTrueTrueTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990  
Date e-filing submitted2017-11-202016-12-222015-08-12  
IRS schema version2016v3.02015v2.12014v5.0  
Filing identifier201742859349300229201631599349300203201511359349308151  
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