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Filing year 2023

SCARBOROUGH ECONOMIC DEV CORP

Scarborough, Maine·EIN 01-0409428·NTEE S31Z · Community Improvement & Capacity Building·3
Total revenue
$296k
Total assets
$67k
Total expenses
$296k
Reported officers
8
Mission

THE SCARBOROUGH ECONOMIC DEVELOPMENT CORPORATION (SEDCO) DEVELOPS, SUPPORTS AND PROMOTES SUSTAINABLE ECONOMIC DEVELOPMENT PRACTICES LEADING TO A HEALTHY, DIVERSE AND RESILIENT LOCAL ECONOMY FOR THE SCARBOROUGH COMMUNITY.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Maine.

Executive Di
75th to 90th percentile
$133k
$149k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at SCARBOROUGH ECONOMIC DEV CORP equaled 45% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
45%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,143 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SCARBOROUGH ECONOMIC DEV CORP

What does the Chief Executive Officer of SCARBOROUGH ECONOMIC DEV CORP earn?

In 2023, the Chief Executive Officer of SCARBOROUGH ECONOMIC DEV CORP received $133,462 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Maine, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SCARBOROUGH ECONOMIC DEV CORP compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Maine, the 2023 pay of the Chief Executive Officer at SCARBOROUGH ECONOMIC DEV CORP falls between the 75th and 90th percentiles. In 2023, the highest total compensation at SCARBOROUGH ECONOMIC DEV CORP equaled 45% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are SCARBOROUGH ECONOMIC DEV CORP's revenue and expenses?

In 2023, SCARBOROUGH ECONOMIC DEV CORP reported $296k in total revenue and $296k in total expenses on its IRS Form 990.

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