Meriden Economic Development Corp
- Assets
- $345.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Meriden, CT
- Founding
- 09/1979
- Data as of
- 06/2024
- EIN
- 06-1007618
Organization Overview
Meriden Economic Development Corp is located in Meriden, CT. The organization was established in 1979. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meriden Economic Development Corp 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 06/2024, Meriden Economic Development Corp generated $25.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $31.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROMOTE ECONOMIC HEALTH MERIDEN AREA, BUSINESS DEVELOPMENT, PROPERTY DEVELOPMENT TO ATTRACT BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Welsh President/dir | 1 | $0 | |
Imran Saeed Treasurer/dir | 1 | $0 | |
Frank W Ridley Secretary/dir | 1 | $0 | |
Dan Quesnel Vice Pres/dir | 1 | $0 | |
Sam Uddin Director | 0.5 | $0 | |
Maria Campos Harlow Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $10,616 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,916 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,469 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,841 |
| Total expenses | $31,310 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $256,288 |
| Other assets | $0 |
| Total assets | $345,379 |
| Total liabilities | $0 |
| Net assets or fund balances | $345,379 |
Grants Awarded
Over the last fiscal year, Meriden Economic Development Corp has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FREINDS MERIDEN PUB LIBRARY | | | $10,000 |
CT MAIN ST CENTER | | | $25,000 |