Easton Economic Development Corporation

Organization Overview

Easton Economic Development Corporation is located in Easton, MD. The organization was established in 2015. 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, Easton Economic Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Easton 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 12/2021, Easton Economic Development Corporation generated $592.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $536.8k during the year ending 12/2021. While expenses have increased by 15.2% 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DRIVE ECONOMIC VITALITY, SMART REDEVELOPMENT, AND BUSINESS FORMATION TO FOSTER A HEALTHY QUALITY OF LIFE FOR ALL GENERATIONS

Describe the Organization's Program Activity:

PROGRAM SERVICES TO FOSTER A HEALTHY QUALITY OF LIFE FOR ALL GENERATIONS.REVENUE ABOVE INCLUDES GRANT INCOME.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $581,102
All other contributions, gifts, grants, and similar amounts not included above$12,780
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$593,882
Total Program Service Revenue$518
Investment income $50
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,818
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $592,718

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Easton Economic Development Corporation has recieved totaling $7,205.

Awarding OrganizationAmount
Talbot County Arts Council Inc

Easton, MD

PURPOSE: COMMUNITY ARTS DEVELOPMENT

$7,200
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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