New Milford Economic Development Corporation

Organization Overview

New Milford Economic Development Corporation is located in New Milford, CT. The organization was established in 2012. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Milford 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 09/2022, New Milford Economic Development Corporation generated $57.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.3% each year . All expenses for the organization totaled $68.2k during the year ending 09/2022. While expenses have increased by 15.9% per year over the past 5 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 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

THE PRINCIPAL OBJECTIVE OF THE ORGANIZATION IS TO BENEFIT THE COMMUNITY BY INCREASING EMPLOYMENT OPPORTUNITIES AND THE ESTABLISHMENT AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF NEW MILFORD.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$55,000
Total Program Service Revenue$1,631
Membership dues$0
Investment income $0
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$821
Total Revenue$57,452

Grants Recieved

Over the last fiscal year, we have identified 2 grants that New Milford Economic Development Corporation has recieved totaling $7,000.

Awarding OrganizationAmount
F B Heron Foundation

New Milford, CT

PURPOSE: GENERAL SUPPORT

$5,000
Savings Bank Of Danbury Foundation Inc

Danbury, CT

PURPOSE: EXEMPT PURPOSES

$2,000
View Grant Recipient Profile

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