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Nonprofiteer
← SOUTH CENTRAL CONNECTICUT REGIONAL ECONOMIC DEVELOPEMENT CORPORATION

Form 990 for tax year 2023

Filed by SOUTH CENTRAL CONNECTICUT REGIONAL ECONOMIC DEVELOPEMENT CORPORATION.

Totals

Total revenue
$415,593
Total expenses
$467,205
Contributions and grants received
$415,158
Grants paid
$0
Program service revenue
$435
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,605,373
Total liabilities, end of year
$286,962
Net assets or fund balances, end of year
$1,318,411
Program services expenses (Part IX)
$389,179
Management and general expenses
$78,026
Fundraising expenses
$0
Program service expenses (Part III)
$389,179

Program services were 83.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $98,101

  • 1f · All other contributions, gifts and grants

    $317,057

  • 2a · Program service revenue: Miscellaneous

    total $435 · related or exempt $435

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $259,328 · program services $194,496 · management and general $64,832

  • 11c · Fees: accounting

    total $3,000 · program services $2,250 · management and general $750

  • 11g · Fees: other

    total $79,670 · program services $79,358 · management and general $312

  • 12 · Advertising and promotion

    total $76,676 · program services $76,676

  • 13 · Office expenses

    total $9,042 · program services $6,782 · management and general $2,260

  • 14 · Information technology

    total $3,204 · program services $2,403 · management and general $801

  • 16 · Occupancy

    total $11,865 · program services $8,899 · management and general $2,966

  • 17 · Travel

    total $2,536 · program services $1,902 · management and general $634

  • 19 · Conferences, conventions and meetings

    total $3,157 · program services $2,368 · management and general $789

  • 22 · Depreciation, depletion and amortization

    total $395 · program services $296 · management and general $99

  • 23 · Insurance

    total $3,633 · program services $2,725 · management and general $908

  • 24a · Other expenses: Telephone

    total $4,989 · program services $3,742 · management and general $1,247

  • 24b · Other expenses: Dues and Subscriptions

    total $3,934 · program services $2,950 · management and general $984

  • 24c · Other expenses: Utilities

    total $3,184 · program services $2,388 · management and general $796

  • 24d · Other expenses: Professional Developmen

    total $2,592 · program services $1,944 · management and general $648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $313,302 · end of year $232,594

  • 2 · Savings and temporary cash investments

    beginning of year $136,873 · end of year $136,873

  • 4 · Accounts receivable

    beginning of year $191,271 · end of year $270,097

  • 7 · Other notes and loans receivable

    beginning of year $972,344 · end of year $964,344

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,067

  • 10a · Land, buildings and equipment: cost or other basis

    $14,283

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,818

  • 10c · Land, buildings and equipment, net

    beginning of year $426 · end of year $1,465

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,608 · end of year $22,310

  • 25 · Other liabilities

    beginning of year $264,652 · end of year $264,652

  • 27 · Net assets without donor restrictions

    beginning of year $1,370,023 · end of year $1,318,411

Mission and programs · 2023

Mission

None

Activities or mission (Part I)

To Promote Economic Development in the South Central Region of Connecticut.

  • The Organization promotes economic development in the south central region of Connecticut including the towns and cities of Bethany, Branford, East Haven, Guilford, Hamden, Madison, Meriden, Milford, New Haven, North Branford, North Haven, Orange, Wallingford, West Haven, and Woodbridge.

    Expenses $389,179 · Revenue $435

As filed on the 2023 return.

Listed in Part VII

  • Mayor Justin Elicker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shelly Saczynski

    Director

    Total calculated
    $0
    Hours/week
    0

  • First Selectman Jamie Cosgrove

    Director

    Total calculated
    $0
    Hours/week
    0

  • First Selectman Michael Freda

    Director

    Total calculated
    $0
    Hours/week
    0

  • John Emra

    Director

    Total calculated
    $0
    Hours/week
    0

  • Vin Petrini

    Director

    Total calculated
    $0
    Hours/week
    0

  • Albert Carbone

    Director

    Total calculated
    $0
    Hours/week
    0

  • Joe Ferraiolo

    Director

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521349349300322

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