Nonprofit · EIN 06-1092685
SHELTON ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SHELTON, CT 06484
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $378,893 | $389,230 | -$10,337 | $222,684 | $154,721 | $67,963 |
| December 31, 2023 | 990 | $409,603 | $414,427 | -$4,824 | $302,389 | $224,089 | $78,300 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $377,294
- of which government grants
- $319,244
- Program service revenue
- $0
- Investment income
- $1,599
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $223,996
- Salaries, compensation and benefits (total)
- $273,517
- Professional fundraising fees
- $0
- Accounting fees
- $16,200
- Occupancy
- $20,029
- Travel
- $2,142
- Depreciation
- $1,912
- Program services (functional)
- $283,431
- Management and general (functional)
- $105,799
Balance sheet and other
- Total assets, start of year
- $302,389
- Total assets, end of year
- $222,684
- Total liabilities, end of year
- $154,721
- Net assets, end of year
- $67,963
- Land, buildings and equipment
- $6,093
- Net assets without donor restrictions
- $57,769
- Net assets with donor restrictions
- $10,194
- Gross receipts
- $378,893
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- CT
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL GRIMMER | PRESIDENT Trustee or director, Officer | 1 | $132,902 |
| WILLIAM PARTINGTON | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| PATRICK CAREY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MICHELLE KAWALAUTZKI | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ALBERTO MARTINS | TREASURER Trustee or director, Officer | 1 | $0 |
| FRED RUGGIO | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL GRIMMER | PRESIDENT Officer | – | $0 |
| WILLIAM PARTINGTON | BOARD CHAIR Trustee or director, Officer | – | $0 |
| PATRICK CAREY | VICE CHAIR Trustee or director, Officer | – | $0 |
| ALBERTO MARTINS | TREASURER Trustee or director, Officer | – | $0 |
| MICHELLE KAWALAUTZKI | VICE CHAIR Trustee or director, Officer | – | $0 |
| FRED RUGGIO | SECRETARY Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 25 BROOK ST STE 203, SHELTON, CT 06484-2332
- Principal officer (990 for 2024)
- SHEILA O'MALLEY, 25 BROOK STREET STE 203, SHELTON, CT 06484
- Signed the 990
- SHEILA O'MALLEY, PRESIDENT
- Phone
- (203) 924-2521
- Website
- WWW.SHELTONEDC.COM
- Return prepared by
- APICELLA TESTA & COMPANY PC
Mission
ADVANCE THE ECONOMIC DEVELOPMENT AND PUBLIC WELFARE OF THE CITY OF SHELTON BY INCREASING EMPLOYMENT OPPORTUNITIES AND EXPANDING BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA.
Program accomplishments
- PROMOTE ECONOMIC DEVELOPMENT BY FACILITATING SITE STUDIES, MAPS, SOIL TESTING, UTILITY IMPROVEMENTS, ETCExpenses $283,431
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 | Not 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
- 06-1092685
- 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
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $222,684
- Income (IRS master file)
- $378,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $378,893 | $389,230 | $222,684 | XML |
| 990 | December 2023 | $409,603 | $414,427 | $302,389 | XML |
| 990 | December 2022 | $513,356 | $534,227 | $314,497 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 06-1092685).
Questions about SHELTON ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SHELTON ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SHELTON ECONOMIC DEVELOPMENT CORPORATION is 06-1092685.
- Is SHELTON ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SHELTON ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHELTON 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 SHELTON ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHELTON ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHELTON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SHEILA O'MALLEY.
- Who are the officers and directors of SHELTON ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $132,902 (PAUL GRIMMER, PRESIDENT).
- How much revenue does SHELTON ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $378,893, expenses of $389,230 and total assets of $222,684 at year end.
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