Nonprofit · EIN 04-3367947
STRAFFORD ECONOMIC DEVELOPMENT CORPORATION
Also known as COCHECO FALLS MILLWORKS
Tax-exempt · DOVER, NH 03820
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,127,078 | $893,442 | $233,636 | $17,454,468 | $4,667,693 | $12,786,775 |
| December 31, 2024 | 990 | $1,104,639 | $939,762 | $164,877 | $18,165,028 | $5,611,889 | $12,553,139 |
| December 31, 2023 | 990 | $2,431,823 | $791,459 | $1,640,364 | $17,556,099 | $5,167,837 | $12,388,262 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $41,222
- of which government grants
- $41,222
- Program service revenue
- $1,044,749
- Investment income
- $41,107
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $193,500
- Other salaries and wages
- $292,813
- Salaries, compensation and benefits (total)
- $542,766
- Professional fundraising fees
- $0
- Legal fees
- $1,550
- Accounting fees
- $32,610
- Occupancy
- $17,587
- Travel
- $2,883
- Depreciation
- $902
- Program services (functional)
- $766,977
- Management and general (functional)
- $126,465
Balance sheet and other
- Total assets, start of year
- $18,165,028
- Total assets, end of year
- $17,454,468
- Total liabilities, end of year
- $4,667,693
- Net assets, end of year
- $12,786,775
- Land, buildings and equipment
- $3,449
- Net assets without donor restrictions
- $12,183,467
- Net assets with donor restrictions
- $603,308
- Gross receipts
- $1,127,078
- Employees
- 5
- Year formed
- 1997
- State of legal domicile
- NH
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS MCCANN | EXECUTIVE DI Officer | 50 | $193,500 | $5,805 |
| SUSANNAH CHANCE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| TIMOTHY DARGAN | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| THOMAS DUMAIS | SECRETARY/TR Trustee or director, Officer | 10 | $0 | $0 |
| DANA LYNCH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL NYE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARCELLA PERRY | FORMER DIREC Trustee or director | 5 | $0 | $0 |
| SAMUEL REID | VICE PRESIDE Trustee or director, Officer | 10 | $0 | $0 |
| LISA STANLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| HEATHER WARD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARK WENTWORTH | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS MCCANN | EXECUTIVE DI Officer | 50 | $192,000 | $5,760 |
| TIMOTHY DARGAN | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| THOMAS DUMAIS | SECRETARY/TR Trustee or director, Officer | 10 | $0 | $0 |
| DANA LYNCH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL NYE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARCELLA PERRY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SAMUEL REID | VICE PRESIDE Trustee or director, Officer | 10 | $0 | $0 |
| LISA STANLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| HEATHER WARD | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARK WENTWORTH | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENNIS MCCANN | EXECUTIVE DI Officer | 50 | $175,000 | $5,250 |
| ZACHERY PALMER | DIRECTOR Trustee or director | 40 | $20,615 | $0 |
| TIMOTHY DARGAN | PRESIDENT Trustee or director, Officer | 10 | $0 | $0 |
| THOMAS DUMAIS | SECRETARY/TR Trustee or director, Officer | 10 | $0 | $0 |
| DANA LYNCH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MICHAEL NYE | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARCELLA PERRY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| SAMUEL REID | VICE PRESIDE Trustee or director, Officer | 10 | $0 | $0 |
| LISA STANLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MARK WENTWORTH | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 MAIN ST STE 101, DOVER, NH 03820-3835
- In care of
- % STRAFFORD ECONOMIC DEVELOPMENT CO
- Principal officer (990 for 2025)
- TIMOTHY DARGAN, 33 ATLANTIC AVE, DOVER, NH 03820
- Signed the 990
- TIMOTHY DARGAN, PRESIDENT
- Phone
- (603) 749-2211
- Website
- WWW.SEDCNH.ORG
- Return prepared by
- MURPHY POWERS & WILSON CPAS PC
Mission
THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF MAINTAINING, IMPROVING, AND REVITALIZING THE LOCAL ECONOMIC AND INDUSTRIAL BASE AND TO ENSURE THE RETENTION AND CREATION OF HIGH QUALITY EMPLOYMENT OPPORTUNITIES FOR THE RESIDENTS OF THE COMMUNITY.
Program accomplishments
- THE ORGANIZATION ORIGINATED NINE ADDITIONAL ECONOMIC DEVELOPMENT LOANS FOR AREA BUSINESSES DURING THE FISCAL YEAR ENDED DECEMBER 31, 2025, ADDING 2,840,290 IN NEW LENDING TO ITS LOAN PORTFOLIO.Expenses $766,977 · revenue $1,127,078
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3367947
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $17,454,468
- Income (IRS master file)
- $1,127,078
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,127,078 | $893,442 | $17,454,468 | IRS |
| 990 | December 2024 | $1,104,639 | $939,762 | $18,165,028 | IRS |
| 990 | December 2023 | $2,431,823 | $791,459 | $17,556,099 | XML |
| 990 | December 2022 | $872,934 | $674,069 | $15,973,160 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 04-3367947).
Questions about STRAFFORD ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of STRAFFORD ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of STRAFFORD ECONOMIC DEVELOPMENT CORPORATION is 04-3367947.
- Is STRAFFORD ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to STRAFFORD ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STRAFFORD ECONOMIC DEVELOPMENT CORPORATION 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 STRAFFORD ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STRAFFORD ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of STRAFFORD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names TIMOTHY DARGAN.
- Who are the officers and directors of STRAFFORD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $193,500 (DENNIS MCCANN, EXECUTIVE DI).
- How much revenue does STRAFFORD ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,127,078, expenses of $893,442 and total assets of $17,454,468 at year end.
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All nonprofits in DOVER · New Hampshire · Community improvement and capacity building