Civic Intelligence

New Bedford Economic Development Council Inc.

990 • Fiscal year 2014 • EIN 04-3244024

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 20, 2014

Organization Profilewww.nbedc.org

View Organization Page

1213 Purchase StreetNew Bedford, MA 02740

(508) 991-3122

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.37x

Higher debt load relative to assets than 65% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

1.41x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

11th percentile

-7.8%

Faster asset growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

71st percentile

14%

Faster revenue growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$5,421,533

Down $457,775 (-7.8%) from 2013

Net Assets

Up

$3,419,161

Up $7,659 (+0.2%) from 2013

Liabilities

Down

$2,002,372

Down $465,434 (-19%) from 2013

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin41st percentile

Revenue

Up

$1,420,033

Up $172,394 (+14%) from 2013

Expenses

Up

$1,412,374

Up $170,609 (+14%) from 2013

Net Income

Up

$7,659

Up $1,785 (+30%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,466,157Liabilities 2011: $1,845,359Net Assets 2011: $3,620,7982011Assets 2012: $5,699,924Liabilities 2012: $2,294,296Net Assets 2012: $3,405,6282012Assets 2013: $5,879,308Liabilities 2013: $2,467,806Net Assets 2013: $3,411,5022013Assets 2014: $5,421,533Liabilities 2014: $2,002,372Net Assets 2014: $3,419,1612014Assets 2015: $5,344,440Liabilities 2015: $1,896,130Net Assets 2015: $3,448,3102015Assets 2016: $5,205,757Liabilities 2016: $1,734,213Net Assets 2016: $3,471,5442016Assets 2017: $4,623,547Liabilities 2017: $1,142,830Net Assets 2017: $3,480,7172017Assets 2018: $4,485,919Liabilities 2018: $995,519Net Assets 2018: $3,490,4002018Assets 2019: $4,374,786Liabilities 2019: $872,444Net Assets 2019: $3,502,3422019Assets 2020: $4,424,515Liabilities 2020: $916,423Net Assets 2020: $3,508,0922020Assets 2021: $5,015,436Liabilities 2021: $856,998Net Assets 2021: $4,158,4382021Assets 2022: $6,271,809Liabilities 2022: $1,231,508Net Assets 2022: $5,040,3012022Assets 2023: $5,597,517Liabilities 2023: $1,472,939Net Assets 2023: $4,124,5782023Assets 2024: $5,744,138Liabilities 2024: $889,260Net Assets 2024: $4,854,8782024

Highlighted filing

2014

Assets$5,421,533
Liabilities$2,002,372
Net Assets$3,419,161
Open 2014 Filing

Operations Trend

Revenue Growth71st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $989,0872011Expenses 2012: $1,217,9152012Revenue 2013: $1,247,639Expenses 2013: $1,241,765Net Income 2013: $5,8742013Revenue 2014: $1,420,033Expenses 2014: $1,412,374Net Income 2014: $7,6592014Revenue 2015: $1,811,658Expenses 2015: $1,782,509Net Income 2015: $29,1492015Revenue 2016: $1,512,972Expenses 2016: $1,489,738Net Income 2016: $23,2342016Revenue 2017: $999,457Expenses 2017: $990,284Net Income 2017: $9,1732017Revenue 2018: $1,234,881Expenses 2018: $1,225,198Net Income 2018: $9,6832018Revenue 2019: $1,215,666Expenses 2019: $1,203,724Net Income 2019: $11,9422019Revenue 2020: $1,273,044Expenses 2020: $1,267,294Net Income 2020: $5,7502020Revenue 2021: $2,421,458Expenses 2021: $1,771,112Net Income 2021: $650,3462021Revenue 2022: $2,890,059Expenses 2022: $2,008,196Net Income 2022: $881,8632022Revenue 2023: $3,383,460Expenses 2023: $4,299,183Net Income 2023: -$915,7232023Revenue 2024: $3,626,061Expenses 2024: $3,547,853Net Income 2024: $78,2082024

Highlighted filing

2014

Revenue$1,420,033
Expenses$1,412,374
Net Income$7,659
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 20, 2014
Return Version
2013v3.1
Gross Receipts
$1,420,033
Mission and Program Overview

Mission

To foster business growth, greater employment and economic development in the greater new bedford area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,529,704$4,215,276▲ $685,572
Savings and Temporary Cash Investments$2,152,290$689,957▼ $1,462,333
Pledges and Grants Receivable$88,773$157,237▲ $68,464
Cash and Non-Interest-Bearing Accounts$38,664$132,370▲ $93,706
Accounts Receivable$17,502$88,500▲ $70,998
Land, Buildings, and Equipment, Net$47,160$45,196▼ $1,964
Prepaid Expenses and Deferred Charges$5,215$8,134▲ $2,919
Total Assets$5,879,308$5,421,533▼ $457,775
Other Assets Total-$84,863-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,172,251$1,013,009▼ $159,242
Unsecured Notes Loans Payable$1,250,000$882,005▼ $367,995
Grants Payable-$75,000-
Accounts Payable and Accrued Expenses$45,555$32,358▼ $13,197
Total Liabilities$2,467,806$2,002,372▼ $465,434
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,354,937$3,326,628▼ $28,309
Temporarily Rstr Net Assets$94,142$121,585▲ $27,443
Unrestricted Net Assets$-37,577$-29,052▲ $8,525
Total Net Assets Fund Balance$3,411,502$3,419,161▲ $7,659
Total Liabilities and Net Assets / Fund Balance$5,879,308$5,421,533▼ $457,775

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,684$105,772$136,456
Leasehold Improvements$14,512$2,247$16,759
Other Assets Org$84,863--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Anthony R SapienzaPresident
Joseph NaumanVice President
Barbara GrunkemeyerDirector
Craig DutraDirector
Helena DaSilva HughesDirector
Paul L VigeantDirector
Peter SelleyDirector
Carol PimentelClerk
David SlutzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$914,165
Program Service Revenue
$503,672
Investment Income
$696
Other Revenue
$1,500
Change in Net Assets
$7,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,420,033
Total Revenue per Audited Statements
$1,420,033
Total Revenue per Form 990
$1,420,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$739,808
Salaries, Compensation, and Employee Benefits$643,066
Grants and Similar Amounts Paid$29,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$393,635$105,889-$499,524
All Other Expenses$289,442--$289,442
Fees for Services Other$225,756--$225,756
Other Employee Benefits$67,502$18,158-$85,660
Interest$55,518--$55,518
Payroll Taxes$36,300$9,765-$46,065
Grants to Domestic Orgs$29,500--$29,500
Travel$20,250--$20,250
Conferences and Meetings$4,197$12,266-$16,463
Depreciation Depletion$14,515--$14,515
Office Expenses$13,138--$13,138
Occupancy$12,600--$12,600
Fees for Services Legal$12,070--$12,070
Fees for Services Accounting$11,421$601-$12,022
Pension Plan Contributions$9,312$2,505-$11,817
Insurance-$11,758-$11,758
Advertising$5,733--$5,733
Other Expenses$3,550--$3,550
Total Functional Expenses$1,251,432$160,942$0$1,412,374

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,412,374
Total Expenses per Audited Statements$1,412,374
Total Expenses per Form 990$1,412,374
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
04-3232379-501c6Support$12,500
04-2784674-501c6Support$8,500
04-3371170-501c3Support$8,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“After management has reviewed the federal and state information returns, the President or Treasurer, acting on behalf of the Board of Directors, reviews and signs the returns.”

Conflict of interest policy compliance Part VI line 12C

“The Council's Conflict of Interest Policy prohibits all Council employees, officers or their families or agents from participating in the selection, award or administration of a contract supported by federal funds if a real or apparent conflict of interest exists.”

CEO executive director top management comp Part VI line 15A

“The Council's Board of Directors evaluates the Executive Director's performance annually before determining his compensation.”

Other officer or key employee compensation Part VI line 15B

“The Board of Directors approves the compensation of all other employees as reflected in the annual budget. Officers who are Board Members are unpaid volunteers.”

Governing documents etc available to public Part VI line 19

“The Massachusetts Secretary of State's office makes available to the public on its website copies of all organizational corporate documents, including the Annual Reports to the Secretary, the Articles of Incorporation and the Corporate Bylaws.”

Filing and Contact Details

Filer

EIN
04-3244024

Signing Officer

Name
Anthony R Sapienza
Title
President
Signed
2014-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony R Sapienza
Formed
1998
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
8

Preparer

Preparer
Douglas Leatham
Phone
5089965282
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Consultants - see Overflow Statement”

List of other expenses Part IX line 24E

“See Other Expenses - see Overflow Statement”

Raw XML AppendixShowing 400 of 496 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt045555
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt032358
IRS990/AccountsReceivableGrp/BOYAmt017502
IRS990/AccountsReceivableGrp/EOYAmt088500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To foster business growth, greater employment and economic development in the Greater New Bedford area.
IRS990/AdvertisingGrp/ProgramServicesAmt05733
IRS990/AdvertisingGrp/TotalAmt05733
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0289442
IRS990/AllOtherExpensesGrp/TotalAmt0289442
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Deborah Trombly
IRS990/BooksInCareOfDetail/PhoneNum05089913122
IRS990/BooksInCareOfDetail/USAddress/AddressLine101213 Purchase Street
IRS990/BooksInCareOfDetail/USAddress/City0New Bedford
IRS990/BooksInCareOfDetail/USAddress/State0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode002740
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt038664
IRS990/CashNonInterestBearingGrp/EOYAmt0132370
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt012266
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04197
IRS990/ConferencesMeetingsGrp/TotalAmt016463
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0914165
IRS990/CYGrantsAndSimilarPaidAmt029500
IRS990/CYInvestmentIncomeAmt0696
IRS990/CYOtherExpensesAmt0739808
IRS990/CYOtherRevenueAmt01500
IRS990/CYProgramServiceRevenueAmt0503672
IRS990/CYRevenuesLessExpensesAmt07659
IRS990/CYSalariesCompEmpBnftPaidAmt0643066
IRS990/CYTotalExpensesAmt01412374
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01420033
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014515
IRS990/DepreciationDepletionGrp/TotalAmt014515
IRS990/Desc0Provided economic development services to businesses located in the New Bedford area of Massachusetts, primarily through the offering of low-interest rate loans funded by federal grants and related program income involving Revolving Loan Funds. The Council also provides management services for the New Bedford Redevelopment Authority.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt0863125
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0601
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt011421
IRS990/FeesForServicesAccountingGrp/TotalAmt012022
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt012070
IRS990/FeesForServicesLegalGrp/TotalAmt012070
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0225756
IRS990/FeesForServicesOtherGrp/TotalAmt0225756
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Anthony R Sapienza
IRS990/Form990PartVIISectionAGrp/PersonNm1Joseph Nauman
IRS990/Form990PartVIISectionAGrp/PersonNm2David Slutz
IRS990/Form990PartVIISectionAGrp/PersonNm3Carol Pimentel
IRS990/Form990PartVIISectionAGrp/PersonNm4Craig Dutra
IRS990/Form990PartVIISectionAGrp/PersonNm5Helena DaSilva Hughes
IRS990/Form990PartVIISectionAGrp/PersonNm6Paul L Vigeant
IRS990/Form990PartVIISectionAGrp/PersonNm7Peter Selley
IRS990/Form990PartVIISectionAGrp/PersonNm8Barbara Grunkemeyer
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Clerk
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0914165
IRS990/GrantAmt029500
IRS990/GrantsPayableGrp/EOYAmt075000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt029500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt029500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01420033
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt011758
IRS990/InsuranceGrp/TotalAmt011758
IRS990/InterestGrp/ProgramServicesAmt055518
IRS990/InterestGrp/TotalAmt055518
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0696
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0696
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0108019
IRS990/LandBldgEquipBasisNetGrp/BOYAmt047160
IRS990/LandBldgEquipBasisNetGrp/EOYAmt045196
IRS990/LandBldgEquipCostOrOtherBssAmt0153215
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To foster business growth, greater employment and economic development in the Greater New Bedford area.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01172251
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01013009
IRS990/NetAssetsOrFundBalancesBOYAmt03411502
IRS990/NetAssetsOrFundBalancesEOYAmt03419161
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt012600
IRS990/OccupancyGrp/TotalAmt012600
IRS990/OfficeExpensesGrp/ProgramServicesAmt013138
IRS990/OfficeExpensesGrp/TotalAmt013138
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt084863
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018158
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt067502
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085660
IRS990/OtherExpensesGrp/Desc0Communications
IRS990/OtherExpensesGrp/Desc1Quest Center expenses
IRS990/OtherExpensesGrp/Desc2Dues
IRS990/OtherExpensesGrp/Desc3Special projects
IRS990/OtherExpensesGrp/ProgramServicesAmt022679
IRS990/OtherExpensesGrp/ProgramServicesAmt19632
IRS990/OtherExpensesGrp/ProgramServicesAmt214682
IRS990/OtherExpensesGrp/ProgramServicesAmt33550
IRS990/OtherExpensesGrp/TotalAmt022679
IRS990/OtherExpensesGrp/TotalAmt19632
IRS990/OtherExpensesGrp/TotalAmt214682
IRS990/OtherExpensesGrp/TotalAmt33550
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0TIF income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01500
IRS990/OtherRevenueTotalAmt01500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0105889
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0393635
IRS990/OtherSalariesAndWagesGrp/TotalAmt0499524
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03529704
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04215276
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09765
IRS990/PayrollTaxesGrp/ProgramServicesAmt036300
IRS990/PayrollTaxesGrp/TotalAmt046065
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02505
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09312
IRS990/PensionPlanContributionsGrp/TotalAmt011817
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03354937
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03326628
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt088773
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0157237
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05215
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08134
IRS990/PrincipalOfficerNm0Anthony R Sapienza
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0Loan interest income
IRS990/ProgramServiceRevenueGrp/Desc1Loan fees
IRS990/ProgramServiceRevenueGrp/Desc2Management & consulting
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0261671
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt156001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2186000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0261671
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt156001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2186000
IRS990/ProgSrvcAccomActy2Grp/Desc0The Council is actively involved with the emerging wind energy industry and provides support for New Bedford's Wind Energy Center.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0388307
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0718473
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt030636
IRS990/PYInvestmentIncomeAmt0906
IRS990/PYOtherExpensesAmt0547068
IRS990/PYOtherRevenueAmt085534
IRS990/PYProgramServiceRevenueAmt0442726
IRS990/PYRevenuesLessExpensesAmt05874
IRS990/PYSalariesCompEmpBnftPaidAmt0664061
IRS990/PYTotalExpensesAmt01241765
IRS990/PYTotalRevenueAmt01247639
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07659
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02152290
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0689957
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0914165
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0718473
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0519923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0402750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0510803
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03066114
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0696
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01542
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01665
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02633
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0505172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0528260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0481280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0598659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0396549
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02509920
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0696
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02633
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07442
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99680
IRS990ScheduleA/PublicSupportTotal509Amt05576034
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01419337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01246733
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01001203
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01001409
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0907352
IRS990ScheduleA/Total509Grp/TotalAmt05576034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01420033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01247639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01002745
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01003074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0909985
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05583476
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt030684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105772
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0136456
IRS990ScheduleD/ExpensesSubtotalAmt01412374
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt014512
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02247
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016759
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt084863
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Repossessed real estate
IRS990ScheduleD/RevenueSubtotalAmt01420033
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045196
IRS990ScheduleD/TotalBookValueOtherAssetsAmt084863
IRS990ScheduleD/TotalExpensesPerForm990Amt01412374
IRS990ScheduleD/TotalRevenuePerForm990Amt01420033
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01420033
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01412374
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt08500
IRS990ScheduleI/RecipientTable/CashGrantAmt18500
IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c6
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501c6
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10South End Business Assoc Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11Community Ec Devel Ctr SE MA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12Downtown New Bedford Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0042784674
IRS990ScheduleI/RecipientTable/RecipientEIN1043371170
IRS990ScheduleI/RecipientTable/RecipientEIN2043232379
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10651 Orchard St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11181 Hillman St Bldg 9 Rm 203
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12105 Williams St
IRS990ScheduleI/RecipientTable/USAddress/City0New Bedford
IRS990ScheduleI/RecipientTable/USAddress/City1New Bedford
IRS990ScheduleI/RecipientTable/USAddress/City2New Bedford
IRS990ScheduleI/RecipientTable/USAddress/State0MA
IRS990ScheduleI/RecipientTable/USAddress/State1MA
IRS990ScheduleI/RecipientTable/USAddress/State2MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode002740
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode102740
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode202740
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grantees must be recommended by the City of New Bedford, and then submit invoices to the Council quarterly detailing the qualifying expenditures for which they wish to be reimbursed.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,421,533
Liabilities
$2,002,372
Net assets
$3,419,161
Revenue
$1,420,033
Expenses
$1,412,374
Net income
$7,659
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.74$0.89$4.85$3.63$3.55$0.08
2023Detailed filing. Detailed filing data is available for this year.$5.60$1.47$4.12$3.38$4.30$0.92
2022Detailed filing. Detailed filing data is available for this year.$6.27$1.23$5.04$2.89$2.01$0.88
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$0.86$4.16$2.42$1.77$0.65
2020Detailed filing. Detailed filing data is available for this year.$4.42$0.92$3.51$1.27$1.27$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.37$0.87$3.50$1.22$1.20$0.01
2018Detailed filing. Detailed filing data is available for this year.$4.49$1.00$3.49$1.23$1.23$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.62$1.14$3.48$1.00$0.99$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.21$1.73$3.47$1.51$1.49$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.34$1.90$3.45$1.81$1.78$0.03
2014Detailed filing. Detailed filing data is available for this year.$5.42$2.00$3.42$1.42$1.41$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$2.47$3.41$1.25$1.24$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$2.29$3.41$1.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.47$1.85$3.62$0.99