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COASTAL ECONOMIC DEVELOPMENT CORPORATION

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Public IRS 990 nonprofit record

COASTAL ECONOMIC DEVELOPMENT CORPORATION

EIN 02-0511564 · Economic Development (S30)

What they do

to Encourage and Foster Regional Economic Development By Providing Gap Financing & Technical Assistance to Businesses So That They May Expand or Retain Employment, Primarily for The Benefit of Employees From Low to Moderate-income Households.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$79.64spent for every $100 of revenueRevenue covered expenses this year.
$30.50of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
10.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $76,105 for DANIEL GRAY (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$189,241
Expenses$150,713
Annual surplus $38,528 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$45,963 · 30.5% of expenses
Reported executive compensation (total)$103,662 · 68.8% of expenses
See all reported dollar amounts
Revenue$189,241
Expenses$150,713
Income$472,511
Contributions$20,000
Management and general$45,963
Executive compensation (total)$103,662
Accounting fees$13,494
People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DANIEL GRAYEXECUTIVE DIRECTOR · 40 hrs/week $76,105Base $58,251 · Other $17,854

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

DANIEL GRAYEXECUTIVE DIRECTOR

ANNE RUSSELLCHAIR

CHARLES WITHEEBOARD MEMBER

DANIEL DOLANVICE CHAIR

ED HAYESBOARD MEMBER

ELLEN LAVINTREASURER

JOHN GRANDMAISONBOARD MEMBER

NINA CUTTSBOARD MEMBER

STEPHEN FALZONEBOARD MEMBER

STEVE WITTBOARD MEMBER

TIM NOONISBOARD MEMBER

About this charity

Location
C/O Dan Gray 57 Main Street, Raymond, NH 03077
County
Rockingham
In care of
Daniel Gray
Primary officer
Daniel Gray, Executive Director

How to reach them

Filing and classification

Latest tax year
2021
Tax period began
July 1, 2021
Return type
990
Tax preparer
FRITZ DEGUGLIELMO LLC
NTEE classification
Economic Development (S30)
IRS tax category
Economic Development

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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