2024-05-09T13:53:44-05:00 2023-06-30 061281956 Michael J Paolini CPA 174 Cherry Street Milford CT 06460 990 2022-07-01 061455545 South Central CT Regional Economic Dev Corp SOUT 2038213682 28 Orange Street New Haven CT 06510 virginia kozlowski Executive Director 2038213682 2024-05-15 1 virginia kozlowski XXX-XX-XXXX 0 P00907074 2038760445 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REX Development Virginia Kozlowski 28 Orange Street New Haven CT 06510 409755 0 X www.rexdevelopment.org X 1995 CT To Promote Economic Development in the South Central Region of Connecticut. 8 8 1 0 0 0 235860 409755 0 0 0 0 0 0 235860 409755 0 0 0 0 0 49682 0 0 0 273849 329741 273849 379423 -37989 30332 1610396 1645283 270705 275260 1339691 1370023 None 0 0 298104 The Organization promotes economic development in the south central region of Connecticut including the towns and cities of Bethany, Branford, East Haven, Guilford, Hamden, Madison, Meriden, Milford, New Haven, North Branford, North Haven, Orange, Wallingford, West Haven, and Woodbridge. 298104 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 CT X Virginia Kozlowski 2038213682 28 Orange Street New Haven CT 06510 X Mayor Justin Elicker Director 1.00 X X 0 0 0 Shelly Saczynski Director 0.00 X 0 0 0 First Selectman Jamie Cosgrove Director 0.00 X 0 0 0 First Selectman Michael Freda Director 0.00 X 0 0 0 John Emra Director 0.00 X 0 0 0 Vin Petrini Director 0.00 X 0 0 0 Albert Carbone Director 0.00 X 0 0 0 Joe Ferraiolo Director 0.00 X 0 0 0 0 0 0 0 0 0 0 0 103101 306654 409755 409755 0 0 0 45444 34083 11361 4238 3179 1059 213408 160056 53352 2800 2100 700 10497 10244 253 44658 44658 13667 10250 3417 8453 6340 2113 12427 9320 3107 8530 6398 2132 855 641 214 204 153 51 3137 2353 784 Telephone 4913 3685 1228 Utilities 2531 1898 633 Professional Developmen 2152 1614 538 Dues and Subscriptions 1509 1132 377 379423 298104 81319 0 264888 313302 136873 136873 230661 191271 977344 972344 31067 12849 12423 630 426 1610396 1645283 6053 10608 264652 264652 270705 275260 X 1339691 1370023 1339691 1370023 1610396 1645283 30332 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 103101 12849 12423 426 426 Refundable Advances 264652 264652 X Part X, Line 2: The Organization is a not-for-profit corporation exempt from federal income taxes under Section 501(c) (4) of the Internal Revenue Code. On January 1, 2009, the Organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely than not be sustained upon examination by taxing authorities. The Organization has analyzed tax positions taken for filing with the Internal Revenue Service and all state jurisdictions where it operates. The Organization believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in material adverse effects on the Organizations financial condition, results of operations or cash flows. Accordingly, the Organization has no recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions as of June 30, 2023. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Organization believes it is no longer subject to income tax examinations for years prior to 2016. The Organizations policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively. Form 990, Part VI, Section B, line 11b A copy of the Organization's 990 was provided to the governing body before it was filed. Form 990, Part VI, Section B, line 12c The Organization regularly monitors compliance with this policy through inquiry of its governing body. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available upon request.