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SOUTH EASTERN ECONOMIC DEVELOPMENT CORPORATION

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Public IRS 990 nonprofit record

SOUTH EASTERN ECONOMIC DEVELOPMENT CORPORATION

EIN 04-2772952 · Homeowners & Tenants Associations (L50)

What they do

SEEDS MISSION is to ASSIST SMALL BUSINESSES to START-UP, EXPAND and CREATE NEW JOBS. SEED WAS CERTIFIED IN 1982 BY THE U.S. SBA to PACKAGE SBA 504 LOANS. SEED ALSO MAKES LOANS AS A CDFI UNDER THE U.S. DEPARTMENT of TREASURY, & EDA U.S. DEPARTMENT of COMMERCE, and A SBA MICRO LENDER and PROVIDES TECHNICAL ASSISTANCE.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $92.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders38 people are listed in the latest report.

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

Money made simple

46.10%of revenue went to mission work92.5% of expenses · Program services
$49.84spent for every $100 of revenueRevenue covered expenses this year.
3.74%of revenue went to management and office costs7.5% of expenses
$11.51in assets for every $1 spent this yearSome assets cannot be spent right away.
53.0%of its money came from giftsOther money may come from services or investments.

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  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 $308,389 for SUSAN MURRAY (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

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.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,554,165
Mission workProgram services$2,560,49946.10% of revenue92.5% of expenses
ManagementOffice and general costs$207,9163.74% of revenue7.5% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$2,785,75050.16% of revenueShown in gray on the chart
Total expenses$2,768,41549.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 92.5% mission · 7.5% management · 0.0% fundraisingTotal expenses: 49.84% of revenue
2023Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 56.31% of revenue
2022Expense mix: 93.3% mission · 6.7% management · 0.0% fundraisingTotal expenses: 51.42% of revenue
2021Expense mix: 93.4% mission · 6.6% management · 0.0% fundraisingTotal expenses: 72.23% of revenue
2020Expense mix: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 25.99% of revenue
2019Expense mix: 98.8% mission · 1.2% management · 0.0% fundraisingTotal expenses: 92.54% of revenue

Money in and money out

Revenue$5,554,165
Expenses$2,768,415
Annual surplus $2,785,750 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,560,499 · 92.5% of expenses
Management and office costs$207,916 · 7.5% of expenses
See all reported dollar amounts
Revenue$5,554,165
Expenses$2,768,415
Assets$31,874,408
Income$5,554,165
Contributions$2,943,367
Mission work (program services)$2,560,499
Management and general$207,916
Accounting fees$25,971
People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation
SUSAN MURRAYEXECUTIVE DI · 40 hrs/week $308,389Base $292,451 · Other $15,938
LISA M HOLMESSR VP LENDIN · 40 hrs/week $208,514Base $182,194 · Other $26,320
LAURIE DRISCOLLVP COMMERCIA · 40 hrs/week $188,843Base $177,386 · Other $11,457
ANGELA LAPERRIEREVP BUSINESS · 40 hrs/week $178,354Base $169,776 · Other $8,578
TAMARAH BACONVP COMMERCIA · 40 hrs/week $163,153Base $154,730 · Other $8,423
JOHN SILVA2ND VICE CHA · 2 hrs/week $2

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 (38)

SUSAN MURRAYEXECUTIVE DI

LISA M HOLMESSR VP LENDIN

LAURIE DRISCOLLVP COMMERCIA

ANGELA LAPERRIEREVP BUSINESS

TAMARAH BACONVP COMMERCIA

JOHN SILVA2ND VICE CHA

KEITH BROYLESDIRECTOR

WILLIAM ASH JRDIRECTOR

LORRAINE TRAVERSTREASURER

MARIA GOOCH-SMITHDIRECTOR

MICHAEL OSULLIVANDIRECTOR

PAMELA LABRECHEDIRECTOR

PATRICK J GAUGHANDIRECTOR

PAUL RUOCCODIRECTOR

PAUL S MEDEIROSDIRECTOR

RACHEL BARRETTDIRECTOR

REBECCA COLLINSDIRECTOR

RICHARD SHAFERCLERK

STEPHEN PECKDIRECTOR

ALLYSON BRAINSONDIRECTOR

CHRISTOPHER COONEYDIRECTOR

APRIL LYNCHDIRECTOR

BRADFORD P EGANDIRECTOR

BRIAN GRIFFINDIRECTOR

CARL W TABERCHAIR

CATHERINE FEERICK1ST VICE CHA

CHARLES DEBEVOISEDIRECTOR

CHARLES DWYERPAST CHAIR

CHERYL MCCORMICKASSIST CLERK

JOSEPH ORLANDODIRECTOR

CRYSTAL DACRUZDIRECTOR

DEBORAH PANNULLODIRECTOR

DORIS DE LOS SANTOSDIRECTOR

EDWARD F SOUSAASSIST TREAS

JAMES HANLONDIRECTOR

JAMES HORRIGANDIRECTOR

JEFFREY PINEAULTDIRECTOR

JOHNNY CHARLESDIRECTOR

About this charity

Recognized since
January 1983
Location
80 DEAN ST, TAUNTON, MA 02780-2713
County
Bristol
In care of
SUSAN MURRAY
Primary officer
SUSAN MURRAY, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
October 1, 2024
Return type
990
Tax preparer
SANDERS WALSH & EATON CPAS LLC
NTEE classification
Homeowners & Tenants Associations (L50)
IRS tax category
Homeowners & Tenants Associations

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

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