Wentworth Economic Development Corporation Inc

Organization Overview

Wentworth Economic Development Corporation Inc is located in Wolfeboro, NH. The organization was established in 1996. 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. As of 12/2021, Wentworth Economic Development Corporation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wentworth Economic Development Corporation Inc 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 12/2021, Wentworth Economic Development Corporation Inc generated $327.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $289.7k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FOUNDED FOR THE SOLE PURPOSE OF PROMOTING ECONOMIC GROWTH IN THE EASTERN LAKES REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF ECONOMIC GROWTH TO CREATE AND RETAIN EMPLOYMENT OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS THROUGH THE USE OF THE ORGANIZATION'S LOAN FUNDS, BUSINESS ADVISING SERVICES, GRANTS, MARKETING OPPORTUNITIES, AS WELL AS, SUPPORTING AND/OR FACILITATING VARIOUS ECONOMIC DEVELOPMENT INITIATIVES IN THE REGION OR IN INDIVIDUAL COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Denise Roy-Palmer
Executive Director
$61,628
Mary Collins
President
$0
Megan Ryder
Vice President
$0
Daniel Mills
Past President
$0
Gail Patriquin
Secretary
$0
Dan Osetek
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $55,469
All other contributions, gifts, grants, and similar amounts not included above$185,023
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$240,492
Total Program Service Revenue$86,978
Investment income $335
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $327,805

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Wentworth Economic Development Corporation Inc has recieved totaling $122,160.

Awarding OrganizationAmount
Belknap County Economic Development Council Inc

Laconia, NH

PURPOSE: MICROENTERPRISE TECHNICAL ASSISTANCE

$108,932
$13,210
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$18
View Grant Recipient Profile

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