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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Somerset Economic Development Corporation

Somerset Economic Development Corporation

Fiscal year ending 2024. Filed on May 7, 2025.

41 Court Street
Skowhegan, Maine 04976

Somerset Economic Development Corporation (EIN: 01-0535534) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Somerset Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 1 out of 2 total employees. Among the employees shown here, the average compensation is $95,865. The highest compensated employee at Somerset Economic Development Corporation is Christian Savage with fiscal year 2024 compensation of $95,865. Somerset Economic Development Corporation changed its name from Somerset Economic Development Economic Development in 2022.

Revenue, expenses, and employee compensation

Revenue

$439,678

Expenses

$529,531

Employee compensation

$114,821
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christian Savage
Executive Director
$95,865
$95,865 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

David Dorr
Director
Destiny Demo
President
Dick Willett
Director
Don Skillings
Vice President
Ernie Hilton
Director
Jeff McGown
Former President
Joel Stetkis
Director
Larry Warren
Director
Michelle Flewelling
Director
Russell Walters
Director
Sam Hight
Director
Steve Steward
Director

Mission Statement

TO ASSIST COUNTY BUSINESSES AND LOCAL GOVERNMENTS IN ACCESSING ECONOMIC ASSISTANCE, GRANTS AND LOANS FOR JOB GROWTH AND RETENTION. PROMOTE ECNOMIC DEVELOPMENT TO 400 +/- CLIENTS.

Revisions to this organization profile

May 7, 2025:
2024 Somerset Economic Development Corporation 990 filed
November 8, 2024:
2023 Somerset Economic Development Corporation 990 filed
October 13, 2023:
2022 Somerset Economic Development Corporation 990 filed

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