Coastal Economic Development Corporation
Coastal Economic Development Corporation's assets plummeted to zero in 2021, raising questions about its financial stability.
EIN: 20511564 · Raymond, NH · NTEE: S30 · Updated: 2026-03-28
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Coastal Economic Development Corporation is mapped to EIN 20511564.
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12 stored filing years available.
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80% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $275K |
| Total Expenses | $151K |
| Program Spending | 80% |
| Transparency Score | 45/100 |
Search Intent Cockpit
Coastal Economic Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Coastal Economic Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Coastal Economic Development Corporation in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $189K and expenses of $151K.
Revenue and Expenses
Coastal Economic Development Corporation reported $189K in revenue and $151K in expenses, a surplus of $39K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Coastal Economic Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $121K (80%) |
Across stored filings, Coastal Economic Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade A | 12 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and Community Improvement context |
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Raymond, NH nonprofitsCommunity Improvement in New Hampshire
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Coastal Economic Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coastal Economic Development Corporation
Coastal Economic Development Corporation (EIN: 20511564) is a nonprofit organization based in Raymond, NH, classified under NTEE code S30. The organization reported total revenue of $275K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coastal Economic Development Corporation is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -16.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $189K |
| Total Expenses | $151K |
| Surplus / Deficit | +$39K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 20.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2021, Coastal Economic Development Corporation reported a surplus of $39K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2021), Coastal Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -39.4% | -48.4% | -100.0% |
| 2021 | -13.9% | -5.6% | -11.9% |
| 2020 | +39.1% | +17.7% | +5.4% |
| 2019 | -8.0% | +1.6% | +2.7% |
| 2018 | -33.0% | -17.7% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coastal Economic Development Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Coastal Economic Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of its former size and suggests either a fully volunteer-run leadership or compensation being reported under other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Coastal Economic Development Corporation's IRS 990 filings:
- Sudden and unexplained disappearance of all assets ($4.5M to $0) between 202106 and 202112.
- Consistent decline in revenue and assets over the past decade, indicating potential operational scaling back or financial distress.
- Reporting 0% officer compensation across all filings, which is highly unusual and may warrant further scrutiny.
- Latest reported assets are $0, raising concerns about financial stability and capacity.
Strengths
The following positive indicators were identified for Coastal Economic Development Corporation:
- Consistently reports 0% officer compensation, indicating resources are not being used for executive salaries.
- Maintained a positive net income in the most recent filing period (202112: Revenue $189,241, Expenses $150,713).
Frequently Asked Questions about Coastal Economic Development Corporation
Is Coastal Economic Development Corporation a legitimate charity?
Coastal Economic Development Corporation (EIN: 20511564) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $275K. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Coastal Economic Development Corporation spend its money?
Coastal Economic Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Coastal Economic Development Corporation tax-deductible?
Coastal Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 20511564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Coastal Economic Development Corporation's spending goes to programs?
Coastal Economic Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coastal Economic Development Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Coastal Economic Development Corporation is near average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coastal Economic Development Corporation located?
Coastal Economic Development Corporation is headquartered in Raymond, New Hampshire and files with the IRS under EIN 20511564. It is classified under NTEE code S30.
How many years of IRS 990 filings does Coastal Economic Development Corporation have?
Coastal Economic Development Corporation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $275K in total revenue.
What caused the dramatic decrease in Coastal Economic Development Corporation's assets from $4,541,991 in 202106 to $0 in 202112?
The filings do not provide an explanation for this significant and rapid asset reduction. It could indicate a major restructuring, asset transfer, or potential dissolution.
How does Coastal Economic Development Corporation sustain operations with $0 in reported assets?
With $0 in reported assets, the organization's ability to operate and fulfill its mission is severely constrained, relying solely on incoming revenue to cover immediate expenses, as seen in the 202112 period where revenue exceeded expenses.
Is the 0% officer compensation accurate, or is compensation being reported in other expense categories?
While consistently reported as 0%, it is uncommon for an organization of this scale (even at its reduced size) to have no compensated officers. Further review of detailed expense breakdowns would be needed to confirm if compensation is hidden elsewhere.
What is the long-term viability of Coastal Economic Development Corporation given its declining revenue and asset base?
The trend of declining revenue and the current lack of assets suggest significant challenges to the organization's long-term viability and capacity to achieve its mission effectively.
Filing History
IRS 990 filing history for Coastal Economic Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2021), Coastal Economic Development Corporation's revenue has declined by 84.4%, moving from $1.2M to $189K. Total assets decreased by 100% over the same period, from $6.3M to $0. Total functional expenses fell by 76.3%, from $635K to $151K. In its most recent filing year (2021), Coastal Economic Development Corporation reported a surplus of $39K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $189K | $151K | $0 | $0 | — | — |
| 2021 | $312K | $292K | $4.5M | $2.3M | — | — |
| 2020 | $363K | $309K | $5.2M | $3.0M | — | View 990 |
| 2019 | $261K | $263K | $4.9M | $2.7M | — | View 990 |
| 2018 | $283K | $259K | $4.8M | $2.6M | — | View 990 |
| 2017 | $423K | $314K | $5.2M | $3.0M | — | View 990 |
| 2016 | $589K | $559K | $6.6M | $4.5M | — | View 990 |
| 2015 | $603K | $592K | $7.1M | $5.1M | — | View 990 |
| 2014 | $1.1M | $1.1M | $7.4M | $5.3M | — | View 990 |
| 2013 | $597K | $673K | $7.7M | $5.6M | — | View 990 |
| 2012 | $795K | $598K | $7.4M | $4.9M | — | View 990 |
| 2011 | $1.2M | $635K | $6.3M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $189K, expenses of $151K, and assets of $0 (revenue -39.4% year-over-year).
- 2021: Revenue of $312K, expenses of $292K, and assets of $4.5M (revenue -13.9% year-over-year).
- 2020: Revenue of $363K, expenses of $309K, and assets of $5.2M (revenue +39.1% year-over-year).
- 2019: Revenue of $261K, expenses of $263K, and assets of $4.9M (revenue -8.0% year-over-year).
- 2018: Revenue of $283K, expenses of $259K, and assets of $4.8M (revenue -33.0% year-over-year).
- 2017: Revenue of $423K, expenses of $314K, and assets of $5.2M (revenue -28.2% year-over-year).
- 2016: Revenue of $589K, expenses of $559K, and assets of $6.6M (revenue -2.3% year-over-year).
- 2015: Revenue of $603K, expenses of $592K, and assets of $7.1M (revenue -44.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $7.4M (revenue +81.2% year-over-year).
- 2013: Revenue of $597K, expenses of $673K, and assets of $7.7M (revenue -24.9% year-over-year).
- 2012: Revenue of $795K, expenses of $598K, and assets of $7.4M (revenue -34.3% year-over-year).
- 2011: Revenue of $1.2M, expenses of $635K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coastal Economic Development Corporation:
Data Sources and Methodology
This transparency report for Coastal Economic Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.