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Shelton Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$410k (2023)

Expenses
$414k (2023)

Total Assets
$302k (2023)

Total Liabilities
$224k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$409,603
Expenses
$414,427
Net Income
-$4,824
Net Assets
$78,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $408,392
99.7%
Program Services $0
Investment Income $1,211
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $215,208
51.9%
Assets/Debt
Total Assets $302,389
Total Liabilities $224,089
Net Assets $78,300
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $0 $0 $0
William Partington (Board Chair) $0 $0 $0
Patrick Carey (Vice Chair) $0 $0 $0
Alberto Martins (Treasurer) $0 $0 $0
Michelle Kawalautzki (Vice Chair) $0 $0 $0
Fred Ruggio (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$513,356
Expenses
$534,227
Net Income
-$20,871
Net Assets
$83,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $513,323
100.0%
Program Services $0
Investment Income $33
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $205,987
38.6%
Assets/Debt
Total Assets $314,497
Total Liabilities $231,373
Net Assets $83,124
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $0 $0 $0
William Partington (Board Chair) $0 $0 $0
Patrick Carey (Vice Chair) $0 $0 $0
Alberto Martins (Treasurer) $0 $0 $0
Michelle Kawalautzki (Vice Chair) $0 $0 $0
Fred Ruggio (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$559,919
Expenses
$590,709
Net Income
-$30,790
Net Assets
$103,995
Notable Sources of Revenue Percent of Total Revenue
Contributions $559,831
100.0%
Program Services $0
Investment Income $88
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $204,712
34.7%
Assets/Debt
Total Assets $225,396
Total Liabilities $121,401
Net Assets $103,995
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $0 $0 $0
William Partington (Board Chair) $0 $0 $0
Patrick Carey (Vice Chair) $0 $0 $0
Alberto Martins (Treasurer) $0 $0 $0
Michelle Kawalautzki (Vice Chair) $0 $0 $0
Fred Ruggio (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$421,968
Expenses
$409,704
Net Income
$12,264
Net Assets
$134,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $421,683
99.9%
Program Services $0
Investment Income $285
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $204,087
49.8%
Assets/Debt
Total Assets $225,928
Total Liabilities $91,143
Net Assets $134,785
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $114,962 $0 $0
William Partington (Board Chair) $0 $0 $0
Patrick Carey (Vice Chair) $0 $0 $0
Alberto Martins (Treasurer) $0 $0 $0
Michelle Kawalautzki (Vice Chair) $0 $0 $0
Fred Ruggio (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$335,900
Expenses
$426,469
Net Income
-$90,569
Net Assets
$122,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $334,759
99.7%
Program Services $0
Investment Income $1,141
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $210,055
49.3%
Assets/Debt
Total Assets $239,221
Total Liabilities $116,700
Net Assets $122,521
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $111,834 $0 $11,183
William Partington (Board Chair) $0 $0 $0
Patrick Carey (Vice Chair) $0 $0 $0
Alberto Martins (Treasurer) $0 $0 $0
Michelle Kawalautzki (Vice Chair) $0 $0 $0
Fred Ruggio (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$382,047
Expenses
$405,983
Net Income
-$23,936
Net Assets
$213,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $381,158
99.8%
Program Services $0
Investment Income $889
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $108,788
26.8%
Professional Fundraising Fees $0
Other Salaries and Wages $98,082
24.2%
Assets/Debt
Total Assets $304,250
Total Liabilities $91,160
Net Assets $213,090
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $108,788 $0 $0
William Partington (Board Chair) $0 $0 $0
Patrick Carey (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$421,613
Expenses
$414,737
Net Income
$6,876
Net Assets
$237,026
Notable Sources of Revenue Percent of Total Revenue
Contributions $421,106
99.9%
Program Services $0
Investment Income $507
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $111,558
26.9%
Professional Fundraising Fees $0
Other Salaries and Wages $94,771
22.9%
Assets/Debt
Total Assets $339,125
Total Liabilities $102,099
Net Assets $237,026
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $0 $0 $0
William Partington (Board Chair) $0 $0 $0
Daivd Grant (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$478,372
Expenses
$499,913
Net Income
-$21,541
Net Assets
$230,149
Notable Sources of Revenue Percent of Total Revenue
Contributions $478,154
100.0%
Program Services $0
Investment Income $482
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$264
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $166,245
33.3%
Professional Fundraising Fees $0
Other Salaries and Wages $99,551
19.9%
Assets/Debt
Total Assets $340,219
Total Liabilities $110,070
Net Assets $230,149
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Paul Grimmer (President) $166,245 $0 $0
William Partington (Board Chair) $0 $0 $0
Daivd Grant (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$537,583
Expenses
$530,181
Net Income
$7,402
Net Assets
$213,463
Notable Sources of Revenue Percent of Total Revenue
Contributions $537,518
100.0%
Program Services $0
Investment Income $362
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$297
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $219,100
41.3%
Assets/Debt
Total Assets $392,607
Total Liabilities $179,144
Net Assets $213,463
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James E Ryan (President) $132,139 $0 $45,310
Kenneth Schaible (Board Chair) $0 $0 $0
William Partington (Treasurer) $0 $0 $0
Daivd Grant (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$383,082
Expenses
$401,776
Net Income
-$18,694
Net Assets
$205,847
Notable Sources of Revenue Percent of Total Revenue
Contributions $376,463
98.3%
Program Services $0
Investment Income $584
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,035
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $205,846
51.2%
Assets/Debt
Total Assets $277,025
Total Liabilities $71,178
Net Assets $205,847
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James E Ryan (President) $126,003 $0 $35,304
Kenneth Schaible (Board Chair) $0 $0 $0
Ralph Matto (Secretary) $0 $0 $0
William Partington (Treasurer) $0 $0 $0
David M Grant (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$356,081
Expenses
$370,805
Net Income
-$14,724
Net Assets
$201,335
Notable Sources of Revenue Percent of Total Revenue
Contributions $350,854
98.5%
Program Services $0
Investment Income $867
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,360
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $200,770
54.1%
Assets/Debt
Total Assets $257,212
Total Liabilities $55,877
Net Assets $201,335

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$361,512
Expenses
$384,613
Net Income
-$23,101
Net Assets
$222,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $356,511
98.6%
Program Services $0
Investment Income $1,121
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,880
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $196,158
51.0%
Assets/Debt
Total Assets $286,220
Total Liabilities $63,543
Net Assets $222,677

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$373,043
Expenses
$386,051
Net Income
-$13,008
Net Assets
$267,678
Notable Sources of Revenue Percent of Total Revenue
Contributions $366,068
98.1%
Program Services $0
Investment Income $2,405
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,570
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $193,857
50.2%
Assets/Debt
Total Assets $343,832
Total Liabilities $76,154
Net Assets $267,678

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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