Sanford Regional Economic Growth Council
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sanford, ME
- Founding
- 08/2010
- Data as of
- 06/2023
- EIN
- 27-2534189
Organization Overview
Sanford Regional Economic Growth Council is located in Sanford, ME. The organization was established in 2010. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Sanford Regional Economic Growth Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Sanford Regional Economic Growth Council generated $172.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $172.3k during the year ending 06/2023. While expenses have increased by 2.2% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE SANFORD REGIONAL ECONOMIC GROWTH COUNCIL (SREGC) IS A PARTNERSHIP OF THE CITY OF SANFORD, THE SANFORD-SPRINGVALE CHAMBER OF COMMERCE AND THE INDUSTRIAL DEVELOPMENT CORPORATION OF SANFORD. THE ORGANIZATION IS CHARTERED TO BE THE LEADING ECONOMIC DEVELOPMENT ORGANIZATION IN CENTRAL YORK COUNTY AND IS UNDERTAKING A COMPREHENSIVE STRATEGY TO INCREASE THE PROSPERITY OF ITS CITIZENS AND ENHANCE THE AREA'S ECONOMY. THE SREGC ECONOMIC DEVELOPMENT MISSION ALIGNS COMMUNITY INTERESTS WITH ESTABLISHED BUSINESS IMPERATIVES. WHILE THE ORGANIZATION DOES NOT CREATE PRODUCTS OR DEVELOP MARKETS IT IS COMPRISED OF AN EXPERIENCED SEVEN-MEMBER BOARD OF DIRECTORS AND STAFF WHO WORK TO CONNECT THE BUSINESS COMMUNITY WITH THE MOST EFFECTIVE PROGRAMS AND RESOURCES AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hardison Secretary | 2 | $0 | |
Michael Ralston Treasurer | 2 | $0 | |
Steve Buck Director | 2 | $0 | |
Keith Mcbride Executive Di | 40 | $107,505 | |
Will Armitage Chair | 2 | $0 | |
Caitlin Grant Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $172,284 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,284 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $155,681 |
| Professional fees and other payments to independent contractors | $9,772 |
| Occupancy, rent, utilities, and maintenance | $600 |
| Printing, publications, postage, and shipping | $415 |
| Other expenses | $5,816 |
| Total expenses | $172,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |