Nonprofit · EIN 23-7362584
SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · HINGHAM, MA 02043
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $215,241 | $272,036 | -$56,795 | $172,900 | $35,000 | $137,900 |
| December 31, 2024 | 990 | $273,553 | $223,825 | $49,728 | $240,535 | $27,000 | $213,535 |
| December 31, 2023 | 990 | $410,918 | $419,642 | -$8,724 | $176,302 | $225,459 | -$49,157 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $210,000
- of which government grants
- $130,000
- Program service revenue
- $0
- Investment income
- $5,241
- Net gain from sales of assets
- $1,678
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Program services (functional)
- $187,271
- Management and general (functional)
- $24,565
- Fundraising (functional)
- $60,200
Balance sheet and other
- Total assets, start of year
- $240,535
- Total assets, end of year
- $172,900
- Total liabilities, end of year
- $35,000
- Net assets, end of year
- $137,900
- Publicly traded securities
- $125,731
- Net assets without donor restrictions
- $137,900
- Gross receipts
- $240,555
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1951
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY CAHILL | PRESIDENT Officer | 15 | $0 | $203,462 | $3,469 |
| JILL DONOVAN | CHAMBER DIRECTOR OF DEVELO Highest-paid employee | 20 | $0 | $110,006 | $31,729 |
| DAVID ELLIS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DARLENE HOLLYWOOD | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| APRIL ANDERSEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JUDI BARRETT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RYAN BRISTOL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JEFF CHARNEL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH CARROLL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GABE CROCKER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BULMAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DANI DEMARCO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARK FLAHERTY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DEAN HILDRETH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KIM KROHA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY KELLEHER | TRUSTEE Trustee or director | 1 | $0 |
| NICHOLE LANGLEY | TRUSTEE Trustee or director | 1 | $0 |
| PATRICE MAY | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL MURPHY | TRUSTEE Trustee or director | 1 | $0 |
| MARK OLIVIERI | TRUSTEE Trustee or director | 1 | $0 |
| JOHN PICARD | TRUSTEE Trustee or director | 1 | $0 |
| BOB RUZZO | TRUSTEE Trustee or director | 1 | $0 |
| SAUL SCHRADER | TRUSTEE Trustee or director | 1 | $0 |
| BOB TERRAVECCHIA | TRUSTEE Trustee or director | 1 | $0 |
| RICK WELCH | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER FORMAN | PRESIDENT & TREASURER Officer | 15 | $0 | $184,313 | $7,108 |
| JULIE WILLIAMS | CHAMBER VICE PRESIDENT Highest-paid employee | 0 | $0 | $106,520 | $30,346 |
| JILL DONOVAN | CHAMBER DIRECTOR OF DEVELOPMENT Highest-paid employee | 20 | $0 | $100,983 | $30,325 |
| PETER TEDESCHI | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID ELLIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACQUELINE COLLINS | CLERK/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICTORIA MAGUIRE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUDY BARRETT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JILL BERESFORD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BOSCO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH CARROLL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GABE CROCKER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN GREGORY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DENVER GIBBS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DEAN HILDRETH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DARLENE HOLLYWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN IREDALE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY KELLEHER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NICHOLE LANGLEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PATRICE MAY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN MURPHY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID NICHOLS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN O'DAY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL RUH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WINTHROP SARGENT JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT TERRAVECCHIA JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH YOTTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER FORMAN | PRESIDENT & TREASURER Officer | 15 | $0 | $178,348 | $6,642 |
| PETER TEDESCHI | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID ELLIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JACQUELINE COLLINS | CLERK/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VICTORIA MAGUIRE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JUDY BARRETT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JILL BERESFORD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL BOSCO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH CARROLL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GABE CROCKER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN GREGORY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DENVER GIBBS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DEAN HILDRETH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DARLENE HOLLYWOOD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOHN IREDALE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY KELLEHER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NICHOLE LANGLEY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PATRICE MAY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN MURPHY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID NICHOLS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN O'DAY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL RUH | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WINTHROP SARGENT JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT TERRAVECCHIA JR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH YOTTS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 POND PARK RD STE 101, HINGHAM, MA 02043-4367
- Principal officer (990 for 2025)
- TIMOTHY CAHILL, 4 POND PARK SUITE 101, HINGHAM, MA 02043
- Signed the 990
- TIMOTHY CAHILL, PRESIDENT
- Phone
- (617) 479-1111
- Return prepared by
- GERALD T REILLY & COMPANY
Mission
THE ORGANIZATION WORKS CLOSELY WITH THE SOUTH SHORE CHAMBER OF COMMERCE, A RELATED PARTY TO PROMOTE A STRONGER REGIONAL ECONOMY AND TO PROMOTE COMMUNITY DEVELOPMENT FOR SUSTAINABLE GROWTH.
Program accomplishments
- TO PROMOTE ECONOMIC DEVELOPMENT AND SUSTAINABLE COMMUNITY GROWTH IN THE GREATER SOUTH SHORE OF MASSACHUSETTS.Expenses $187,271
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
- 23-7362584
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $172,900
- Income (IRS master file)
- $240,555
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $215,241 | $272,036 | $172,900 | XML |
| 990 | December 2024 | $273,553 | $223,825 | $240,535 | XML |
| 990 | December 2023 | $410,918 | $419,642 | $176,302 | XML |
| 990 | December 2022 | $178,133 | $162,021 | $167,761 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | September 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 23-7362584).
Questions about SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION is 23-7362584.
- Is SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1974.
- Are donations to SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH SHORE 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 SOUTH SHORE 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 SOUTH SHORE 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 SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names TIMOTHY CAHILL.
- Who are the officers and directors of SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $215,241, expenses of $272,036 and total assets of $172,900 at year end.
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