Coos Economic Development Corporation

Organization Overview

Coos Economic Development Corporation is located in Lancaster, NH. The organization was established in 1997. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Coos Economic Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coos Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Coos Economic Development Corporation generated $907.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $264.4k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC GROWTH THAT FOSTERS A STRONG AND DIVERSE WORKFORCE, SUSTAINABLE EMPLOYMENT AND A THRIVING BUSINESS ENVIRONMENT AS THE REGIONAL DEVELOPMENT CORPORATION OF COOS COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EFFORTS TO PROMOTE ECONOMIC GROWTH THAT FOSTERS A STRONG AND DIVERSE WORKFORCE, SUSTAINABLE EMPLOYMENT AND THRIVING BUSINESS ENVIRONMENTS THROUGHOUT COOS COUNTY.


CONTINUATION OF THE NORTH COUNTRY CELL SERVICE INITIATIVE PROJECT THAT BENEFITS BOTH THE PUBLIC AND PRIVATE SECTORS TO BRING EXPANDED AND IMPROVED CELLULAR AND HIGH-SPEED BROADBAND SERVICE TO UNDERSERVED AREAS OF COOS COUNTY.


CONTINUATION OF A 2006 CDBG GRANT PROJECT WHICH PURCHASED A WOOD-BURNING TURBINE FOR THE PURPOSE OF CREATING JOBS AND PROVIDING LOWER COST ENERGY FOR A FURNITURE MANUFACTURING FACILITY.


OTHER MINOR PROGRAMS WITHIN ORGANIZATION THAT SUPPORT ITS MISSION.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Colby
Secretary
$0
Glenn Coppelman
President
$0
Brian Hoffman
Vice Preside
$0
Carol Miller
Treasurer
$0
Ruby Berryman
Director
$0
Hannah Campbell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$728,764
Government grants $109,945
All other contributions, gifts, grants, and similar amounts not included above$29,750
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$868,459
Total Program Service Revenue$48,008
Investment income $818
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$14,161
Net Income from Fundraising Events $3,827
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $906,951

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Coos Economic Development Corporation has recieved totaling $58,000.

Awarding OrganizationAmount
Belknap County Economic Development Council Inc

Laconia, NH

PURPOSE: MICROENTERPRISE TECHNICAL ASSISTANCE

$29,000
$19,000
New Hampshire Charitable Foundation

Concord, NH

PURPOSE: For operating support

$10,000
View Grant Recipient Profile

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