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Cumberland Economic Development Cor

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474730548 ✦ Cumberland, MD ✦ Designated as a 501(c)(3)

Overview

What is Cumberland Economic Development Cor?

Cumberland Economic Development Corporation (CEDC) is a nonprofit organization situated in Cumberland, Maryland, specifically at 118 Baltimore Street Suite 202. Their primary mission is to support economic and community development in Allegany County, with an initial focus on Cumberland city. This involves engaging in charitable and educational activities, with a specific aim to revitalize the city's urban core. The Baltimore Street Access Project, led by CEDC and the City of Cumberland, strives to enhance the city's intermodal transportation system, improve connectivity, install fiber optic cable, promote residential and commercial redevelopment, and replace outdated underground infrastructure. The project is part of a broader revitalization effort for Cumberland's urban core.


Official website here: www.choosecumberland.org

Is Cumberland Economic Development Cor legitimate?

Cumberland Economic Development Cor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland Economic Development Cor submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,239

For more financial information, click here


Official website here: www.choosecumberland.org

What is the mission statement of Cumberland Economic Development Cor?

The Cumberland Economic Development Corporation (CEDC) is committed to engaging in charitable and educational initiatives, with a primary focus on supporting economic and community development. Initially, their efforts are centered around Allegany County, Maryland, specifically the city of Cumberland. Their mission involves revitalizing the urban core, enhancing connectivity through initiatives like reintroducing automobile and bicycle traffic on Baltimore Street, installing fiber optic cable, promoting residential and commercial redevelopment, and replacing outdated underground infrastructure. These actions aim to improve the overall economic and community development of the city.


Official website here: www.choosecumberland.org

Who is the CEO of Cumberland Economic Development Cor?

Matthew Miller is the Executive Di of Cumberland Economic Development Cor.


Official website here: www.choosecumberland.org

What is the revenue of Cumberland Economic Development Cor?

Cumberland Economic Development Cor's revenue in 2023 was $2,871,616.


Official website here: www.choosecumberland.org

Who are the executives of Cumberland Economic Development Cor and what are their salaries?

Here are 10 key members and their salaries:

    Matthew Miller (Executive Di)
  • Compensation: $88,838
  • Related: $0
  • Other: $0

    • Dr Cynthia Bambara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dustin Freas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Getty (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Hutcherson (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Kurtz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Martz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Morriss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffery Silka (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.choosecumberland.org

    Where can I find the form 990 for Cumberland Economic Development Cor?

    The Cumberland Economic Development Cor’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.choosecumberland.org

    Learn more at the official website: www.choosecumberland.org

    Mission Statement of Cumberland Economic Development Cor

    Cumberland Economic Development Corporation (CEDC) is an organization dedicated to engaging in charitable and educational endeavors, with a specific focus on supporting economic development and community development in Allegany County, Maryland. Initially, their efforts are concentrated on the city of Cumberland. Their mission is threefold: firstly, they aim to rejuvenate the urban core of the city by improving connectivity of the intermodal transportation system, introducing fiber optic cable, promoting residential and commercial redevelopment, and replacing underdeveloped infrastructure. Secondly, they are involved in a broader economic and community development revitalization effort for Cumberland's urban core. Lastly, CEDC works to contribute to the overall development of Allegany County, with an initial focus on Cumberland. Their activities are geared towards enhancing the economic and community growth of the area, ultimately aiming to improve the lives of its residents.

    Impact

    This information is meant to be a general summary of Cumberland Economic Development Cor. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Cumberland Economic Development Cor's impact is primarily focused on supporting economic development and community development in Allegany County, Maryland, with a specific initial focus on the city of Cumberland. One key project they are involved in is the Baltimore Street Access Project, which aims to revitalize the city's urban core. This project includes reintroducing automobile and bicycle traffic on Baltimore Street, introducing fiber optic cable along the street to complete the downtown fiber loop, installing sprinkler infrastructure in buildings to promote redevelopment, and replacing outdated underground infrastructure. Overall, this organization's efforts contribute to a broader economic and community development revitalization initiative for Cumberland's urban core.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $-12,016
  • Program Service Revenue: $0
  • Gross Receipts: $3,383,736

    • Assets and Liabilities:
  • Total Assets: $1,770,451
  • Total Liabilities: $144,137
  • Net Assets: $1,626,314
  • Organization Details

    Founding Year

    2015

    Principal Officer

    Matthew Miller

    Main Address

    118 BALTIMORE STREET SUITE 202, CUMBERLAND, MD, 21502

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Cumberland Economic Development Cor and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.