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Nonprofit · EIN 04-2772952

SOUTH EASTERN ECONOMIC DEV CORP

Tax-exempt · TAUNTON, MA 02780

Financials

$4.8M$2.5M2022$4.5M$2.5M2023$5.6M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of SOUTH EASTERN ECONOMIC DEV CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$5,554,165$2,768,415$2,785,750$31,874,408$7,495,862$24,378,546
September 30, 2024990$4,521,283$2,545,918$1,975,365$28,678,587$7,085,792$21,592,795
September 30, 2023990$4,796,656$2,466,355$2,330,301$24,718,206$5,100,776$19,617,430
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$2,943,367
of which government grants
$2,853,657
Program service revenue
$2,445,060
Investment income
$165,738
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,910,369
Salaries, compensation and benefits (total)
$2,271,181
Professional fundraising fees
$0
Legal fees
$11,703
Accounting fees
$25,971
Occupancy
$67,739
Travel
$20,595
Depreciation
$30,335
Program services (functional)
$2,560,499
Management and general (functional)
$207,916

Balance sheet and other

Total assets, start of year
$28,678,587
Total assets, end of year
$31,874,408
Total liabilities, end of year
$7,495,862
Net assets, end of year
$24,378,546
Land, buildings and equipment
$728,180
Net assets without donor restrictions
$5,943,994
Net assets with donor restrictions
$18,434,552
Gross receipts
$5,554,165
Employees
16
Volunteers
50
Year formed
1982
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SUSAN MURRAYEXECUTIVE DI
Highest-paid employee
40$292,451$15,938
LISA M HOLMESSR VP LENDIN
Highest-paid employee
40$182,194$26,320
LAURIE DRISCOLLVP COMMERCIA
Highest-paid employee
40$177,386$11,457
ANGELA LAPERRIEREVP BUSINESS
Highest-paid employee
40$169,776$8,578
TAMARAH BACONVP COMMERCIA
Highest-paid employee
40$154,730$8,423
JOHN SILVA2ND VICE CHA
Trustee or director, Officer
2$2$0
CHARLES DWYERPAST CHAIR
Trustee or director, Officer
1$0$0
CARL W TABERCHAIR
Trustee or director, Officer
2$0$0
LORRAINE TRAVERSTREASURER
Trustee or director, Officer
2$0$0
EDWARD F SOUSAASSIST TREAS
Trustee or director, Officer
2$0$0
CATHERINE FEERICK1ST VICE CHA
Trustee or director, Officer
2$0$0
WILLIAM ASH JRDIRECTOR
Trustee or director
1$0$0
RICHARD SHAFERCLERK
Trustee or director
2$0$0
DEBORAH PANNULLODIRECTOR
Trustee or director
1$0$0
KEITH BROYLESDIRECTOR
Trustee or director
1$0$0
23 more people on this return
NameTitleHours / weekCompensation
JOHNNY CHARLESDIRECTOR
Trustee or director
1$0
CHRISTOPHER COONEYDIRECTOR
Trustee or director
1$0
BRADFORD P EGANDIRECTOR
Trustee or director
1$0
PATRICK J GAUGHANDIRECTOR
Trustee or director
1$0
MARIA GOOCH-SMITHDIRECTOR
Trustee or director
1$0
JAMES HANLONDIRECTOR
Trustee or director
1$0
JAMES HORRIGANDIRECTOR
Trustee or director
1$0
CHERYL MCCORMICKASSIST CLERK
Trustee or director
2$0
PAUL S MEDEIROSDIRECTOR
Trustee or director
1$0
APRIL LYNCHDIRECTOR
Trustee or director
1$0
BRIAN GRIFFINDIRECTOR
Trustee or director
1$0
REBECCA COLLINSDIRECTOR
Trustee or director
1$0
JOSEPH ORLANDODIRECTOR
Trustee or director
1$0
MICHAEL O'SULLIVANDIRECTOR
Trustee or director
1$0
CRYSTAL DACRUZDIRECTOR
Trustee or director
1$0
DORIS DE LOS SANTOSDIRECTOR
Trustee or director
1$0
ALLYSON BRAINSONDIRECTOR
Trustee or director
1$0
PAMELA LABRECHEDIRECTOR
Trustee or director
1$0
STEPHEN PECKDIRECTOR
Trustee or director
1$0
JEFFREY PINEAULTDIRECTOR
Trustee or director
1$0
PAUL RUOCCODIRECTOR
Trustee or director
1$0
CHARLES DEBEVOISEDIRECTOR
Trustee or director
1$0
RACHEL BARRETTDIRECTOR
Trustee or director
1$0
990 for the year ended September 30, 2024: 38 people
NameTitleHours / weekCompensationOther / benefits
SUSAN MURRAYEXECUTIVE DI
Highest-paid employee
40$284,567$10,401
LISA M HOLMESSR VP LENDIN
Highest-paid employee
40$186,795$17,539
LAURIE DRISCOLLVP COMMERCIA
Highest-paid employee
40$165,404$4,464
ANGELA LAPERRIEREVP BUSINESS
Highest-paid employee
40$154,169$4,369
TAMARAH BACONVP COMMERCIA
Highest-paid employee
40$149,955$4,264
CHARLES DWYERPAST CHAIRMA
Trustee or director, Officer
2$0$0
CARL W TABERCHAIR
Trustee or director, Officer
2$0$0
LORRAINE TRAVERSTREASURER
Trustee or director, Officer
2$0$0
EDWARD F SOUSAASST TREASUR
Trustee or director, Officer
2$0$0
CATHERINE FEERICKFIRST VICE C
Trustee or director, Officer
2$0$0
JOHN SILVASECOND VICE
Trustee or director, Officer
2$0$0
WILLIAM J ASHDIRECTOR
Trustee or director
1$0$0
RICHARD SHAFERCLERK
Trustee or director
1$0$0
DEBORAH PANULLODIRECTOR
Trustee or director
1$0$0
KEITH BROYLESDIRECTOR
Trustee or director
1$0$0
JOHNNY CHARLESDIRECTOR
Trustee or director
1$0$0
CHRISTOPHER COONEYDIRECTOR
Trustee or director
1$0$0
BRADFORD P EGANDIRECTOR
Trustee or director
1$0$0
PATRICK J GAUGHANDIRECTOR
Trustee or director
1$0$0
MARIA GOOCH-SMITHDIRECTOR
Trustee or director
1$0$0
JAMES HANLONDIRECTOR
Trustee or director
1$0$0
JAMES HORRIGANDIRECTOR
Trustee or director
1$0$0
CHERYL A MCCORMICKASSISTANT CL
Trustee or director
1$0$0
PAUL S MEDEIROSDIRECTOR
Trustee or director
1$0$0
JENNIFER MENARDDIRECTOR
Trustee or director
1$0$0
BRIAN GRIFFINDIRECTOR
Trustee or director
1$0$0
REBECCA COLLINSDIRECTOR
Trustee or director
1$0$0
JOSEPH ORLANDODIRECTOR
Trustee or director
1$0$0
MICHAEL O'SULLIVANDIRECTOR
Trustee or director
1$0$0
CRYSTAL DACRUZDIRECTOR
Trustee or director
1$0$0
DORIS DE LOS SANTOSDIRECTOR
Trustee or director
1$0$0
ALLYSON BRAINSONDIRECTOR
Trustee or director
1$0$0
PAMELA LABRECHEDIRECTOR
Trustee or director
1$0$0
STEPHEN PECKDIRECTOR
Trustee or director
1$0$0
JEFFREY PINEAULTDIRECTOR
Trustee or director
1$0$0
PAUL RUOCCODIRECTOR
Trustee or director
1$0$0
CHARLES DEBEVOISEDIRECTOR
Trustee or director
1$0$0
RACHEL BARRETTDIRECTOR
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 35 people
NameTitleHours / weekCompensationOther / benefits
LISA M HOLMESSR VP LENDIN
Highest-paid employee
40$231,162$27,387
SUSAN MURRAYEXECUTIVE DI
Highest-paid employee
40$219,638$14,635
LAURIE DRISCOLLVP COMMERCIA
Highest-paid employee
40$151,734$14,606
TAMARAH BACONVP COMMERCIA
Highest-paid employee
40$129,534$10,906
ANGELA LAPERRIEREVP BUSINESS
Highest-paid employee
40$123,420$10,722
CHARLES DWYERCHAIRMAN
Trustee or director, Officer
2$0$0
CARL W TABERVICE CHAIR
Trustee or director, Officer
2$0$0
CATHERINE FEERICKVICE CHAIR
Trustee or director, Officer
2$0$0
LORRAINE TRAVERSTREASURER
Trustee or director, Officer
2$0$0
EDWARD F SOUSAASST TREASUR
Trustee or director, Officer
2$0$0
RICHARD SHAFERCLERK
Trustee or director, Officer
2$0$0
JOHN SILVAASSIST CLERK
Trustee or director, Officer
2$0$0
WILLIAM J ASHDIRECTOR
Trustee or director
1$0$0
ROCHELLE BLEASEDIRECTOR
Trustee or director
1$0$0
KEITH BROYLESDIRECTOR
Trustee or director
1$0$0
TIMOTHY P CAHILLDIRECTOR
Trustee or director
1$0$0
JOHNNY CHARLESDIRECTOR
Trustee or director
1$0$0
CHRISTOPHER COONEYDIRECTOR
Trustee or director
1$0$0
CARMEN DIAZ-JUSINODIRECTOR
Trustee or director
1$0$0
CHARLES DEBEVOISEDIRECTOR
Trustee or director
1$0$0
BRADFORD P EGANDIRECTOR
Trustee or director
1$0$0
PATRICK J GAUGHANDIRECTOR
Trustee or director
1$0$0
MARIA GOOCH-SMITHDIRECTOR
Trustee or director
1$0$0
JAMES HANLONDIRECTOR
Trustee or director
1$0$0
JAMES HORRIGANDIRECTOR
Trustee or director
1$0$0
RICK KIDDERDIRECTOR
Trustee or director
1$0$0
ROSEMARIE S LOPESDIRECTOR
Trustee or director
1$0$0
CHERYL A MCCORMICKDIRECTOR
Trustee or director
1$0$0
PAUL S MEDEIROSDIRECTOR
Trustee or director
1$0$0
JENNIFER MENARDDIRECTOR
Trustee or director
1$0$0
GERARD NADEAUDIRECTOR
Trustee or director
1$0$0
STEPHEN PECKDIRECTOR
Trustee or director
1$0$0
JEFFREY P PINEAULTDIRECTOR
Trustee or director
1$0$0
REBECCA COLLINSDIRECTOR
Trustee or director
1$0$0
PAUL RUOCCODIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
80 DEAN ST, TAUNTON, MA 02780-2713
Principal officer (990 for 2024)
SUSAN MURRAY, 80 DEAN STREET, TAUNTON, MA 02780
Signed the 990
SUSAN MURRAY, EXECUTIVE DIRECTOR
Phone
(508) 822-1020
Return prepared by
SANDERS WALSH & EATON CPAS LLC

Mission

SEED'S 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.

990 for the year ended September 30, 2025

Program accomplishments

  • 5SBA 504 PROGRAM: PACKAGING, CLOSING AND SERVICING OF SBA 504 LOANS TO SMALL BUSINESS IN MASSACHUSETTS AND RHODE ISLAND.
    Expenses $301,328 · revenue $1,091,157
  • MICRO LOAN PROGRAM INCLUDING SBA MICRO LOANS AND TECHNICAL ASSISTANCE AND MA TECHNICAL ASSISTANCE. UNDERWRITING, CLOSING AND SERVICING OF LOANS UP TO 50,000 TO SMALL BUSINESSES FOR WORKING CAPITAL FURNITURE AND FIXTURES AND EQUIPMENT. ADMINISTRATION OF TECHNICAL ASSISTANCE PROGRAM FOR START-UP AND EXISTING SMALL BUSINESSES IN CONJUNCTION WITH THE SBA MICRO LOAN PROGRAM. THEPROGRAM INCLUDES EIGHT COUNTIES FROM BOSTON TO THE CAPE AND ISLANDS IN MASSACHUSETTS, AND ALL OF RHODE ISLAND.
    Expenses $804,243 · revenue $170,477
  • REVOLVING LOAN FUND PROGRAM: UNDERWRITING, CLOSING AND SERVICING OF LOANS UP TO 200,000 UNDER THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) REVOLVING LOAN FUND PROGRAM AND THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND (CDFI) UNDER THE U.S. DEPARTMENT OF TREASURY, AND SEED FUND AND RI FUND. THESE LOANS ARE MADE IN CONJUNCTION WITH BANK AND OTHER FINANCING TO SMALL BUSINESSES IN SOUTHEASTERN MASSACHUSETTS AND RHODE ISLAND.
    Expenses $1,418,434 · revenue $1,147,395
  • OTHER PROGRAM SERVICES
    Expenses $36,494 · revenue $36,031

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
04-2772952
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1983
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$31,874,408
Income (IRS master file)
$5,554,165

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$5,554,165$2,768,415$31,874,408XML
990September 2024$4,521,283$2,545,918$28,678,587XML
990September 2023$4,796,656$2,466,355$24,718,206XML
990September 2022$3,149,450$2,274,791$21,191,120IRS
990September 2021–––IRS
990September 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2772952).

Questions about SOUTH EASTERN ECONOMIC DEV CORP

What is the EIN of SOUTH EASTERN ECONOMIC DEV CORP?
The employer identification number (EIN) of SOUTH EASTERN ECONOMIC DEV CORP is 04-2772952.
Is SOUTH EASTERN ECONOMIC DEV CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1983.
Are donations to SOUTH EASTERN ECONOMIC DEV CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTH EASTERN ECONOMIC DEV CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTH EASTERN ECONOMIC DEV CORP due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTH EASTERN ECONOMIC DEV CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of SOUTH EASTERN ECONOMIC DEV CORP?
The 990 for the year ended September 30, 2025 names SUSAN MURRAY.
Who are the officers and directors of SOUTH EASTERN ECONOMIC DEV CORP?
The 990 for the year ended September 30, 2025 lists 38 people; 6 received compensation from the organization, the highest $292,451 (SUSAN MURRAY, EXECUTIVE DI).
How much revenue does SOUTH EASTERN ECONOMIC DEV CORP have?
On its 990 for the year ended September 30, 2025 it reported revenue of $5,554,165, expenses of $2,768,415 and total assets of $31,874,408 at year end.

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