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Nonprofit · EIN 47-4730548

CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · CUMBERLAND, MD 21502

Financials

$1.7M$1.8M2023$595K$848K2024
Revenue Expenses · by fiscal year end
Financials of CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$594,736$848,095-$253,359$1,267,147$56,840$1,210,307
June 30, 2024990$1,669,654$1,832,302-$162,648$1,565,268$101,602$1,463,666
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$572,752
of which government grants
$123,288
Membership dues
$18,750
Program service revenue
$0
Investment income
$19,935
Other revenue
$2,049

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$101,521
Other salaries and wages
$135,442
Salaries, compensation and benefits (total)
$304,098
Professional fundraising fees
$0
Legal fees
$2,225
Accounting fees
$18,485
Occupancy
$7,782
Travel
$8,388
Program services (functional)
$728,529
Management and general (functional)
$119,566

Balance sheet and other

Total assets, start of year
$1,565,268
Total assets, end of year
$1,267,147
Total liabilities, end of year
$56,840
Net assets, end of year
$1,210,307
Net assets without donor restrictions
$1,025,871
Net assets with donor restrictions
$184,436
Gross receipts
$594,736
Employees
0
Year formed
2015
State of legal domicile
MD

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MATTHEW MILLEREXECUTIVE DI
Officer
40$101,521$25,428
DUSTIN FREASDIRECTOR
Trustee or director
2$0$0
KATHY GETTYTREASURER
Trustee or director, Officer
2$0$0
JONATHAN HUTCHERSONCHAIRMAN
Trustee or director, Officer
2$0$0
DAVID R JONESDIRECTOR
Trustee or director
2$0$0
BRIAN KURTZDIRECTOR
Trustee or director
2$0$0
MICHELE MARTZDIRECTOR
Trustee or director
2$0$0
RAY MORRISSDIRECTOR
Trustee or director
2$0$0
NATHAN PRICEDIRECTOR
Trustee or director
2$0$0
JEFFREY SILKADIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
MATTHEW MILLEREXECUTIVE DI
Officer
40$98,118$24,314
DR CYNTHIA BAMBARADIRECTOR
Trustee or director
2$0$0
DUSTIN FREASDIRECTOR
Trustee or director
2$0$0
KATHY GETTYTREASURER
Trustee or director, Officer
2$0$0
JONATHAN HUTCHERSONCHAIRMAN
Trustee or director, Officer
2$0$0
BRIAN KURTZDIRECTOR
Trustee or director
2$0$0
MICHELE MARTZDIRECTOR
Trustee or director
2$0$0
RAY MORRISSDIRECTOR
Trustee or director
2$0$0
NATHAN PRICEDIRECTOR
Trustee or director
2$0$0
JEFFERY SILKADIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
118 BALTIMORE ST STE 202, CUMBERLAND, MD 21502-3888
In care of
% MR SHAWN P HERSHBERGER
Principal officer (990 for 2024)
MATTHEW MILLER, 118 BALTIMORE STREET STE 202, CUMBERLAND, MD 21502
Signed the 990
MATTHEW MILLER, EXECUTIVE DIRECTOR
Phone
(301) 722-4173
Return prepared by
TURNBULL HOOVER & KAHL PA

Mission

TO ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS, AND SPECIFICALLY TO SUPPORT ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT IN ALLEGANY COUNTY, MARYLAND, WITH AN INITIAL FOCUS ON THE CITY OF CUMBERLAND.

990 for the year ended June 30, 2025

Program accomplishments

  • BALTIMORE STREET ACCESS PROJECT: THE PROJECT IS A CEDC AND CITY OF CUMBERLAND EFFORT TO REVITALIZE THE CITY'S URBAN CORE, AMONG OTHER THINGS, RE-INTRODUCING AUTOMOBILE AND BICYCLE TRAFFIC ONTO BALTIMORE STREET IN CUMBERLAND, MD, THEREBY IMPROVING CONNECTIVITY OF THE INTERMODAL TRANSPORTATION SYSTEM; INTRODUCING FIBER OPTIC CABLE ALONG BALTIMORE STREET, THEREBY COMPLETING THE DOWNTOWN FIBER LOOP; INSTALLING SPRINKLER INFRASTRUCTURE TO BUILDINGS ALONG BALTIMORE STREET, THEREBY PROMOTING RESIDENTIAL AND COMMERICAL REDEVELOPMENT; AND REPLACEMENT OF UNDERGROUND INFRASTRUCTURE THAT HAS NOT BEEN MATERIALLY IMPROVED SINCE BEFORE THE INSTALLATION OF THE PEDESTRIAN MALL. THIS PROJECT IS ALSO BEING UNDERTAKEN AS PART OF A MUCH BROADER ECONOMIC AND COMMUNITY DEVELOPMENT REVITALIZATION EFFORT FOR THE CITY OF CUMBERLAND'S URBAN CORE.
    Expenses $728,529

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-4730548
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
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,267,147
Income (IRS master file)
$594,736

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$594,736$848,095$1,267,147XML
990June 2024$1,669,654$1,832,302$1,565,268XML
990June 2023$2,871,616$489,227$1,770,451IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 47-4730548).

Questions about CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION is 47-4730548.
Is CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CUMBERLAND 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 CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 names MATTHEW MILLER.
Who are the officers and directors of CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $101,521 (MATTHEW MILLER, EXECUTIVE DI).
How much revenue does CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $594,736, expenses of $848,095 and total assets of $1,267,147 at year end.

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