Cumberland Economic Development Corporation
Cumberland Economic Development Corporation
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About this organization
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.
About
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 commercial 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, including the development of a 44,000 square foot building along Baltimore Street for purposes of a 48-room boutique hotel.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “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.”.
When explaining its duties, they were described as: “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.”.
- The state in which the non-profit is authorized to operate legally is MD.
- According to the filing, the address of the non-profit for the year 2020 is 60 PERSHING STREET, CUMBERLAND, MD, 21502.
- The non-profit has reported 0 employees on their form for the year 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$65,657.
- The CEO compensation strategy within the organization is determined through a thorough evaluation and endorsement by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 6 independent voting members.
- The organization was formed in 2015.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $272,035 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.