Civic Intelligence

New Bedford Economic Development Council Inc.

990 • Fiscal year 2015 • EIN 04-3244024

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 15, 2015

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

0.35x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

1.05x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

46th percentile

1.6%

Higher net margin than 46% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

39th percentile

-1.4%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

28%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$5,344,440

Down $77,093 (-1.4%) from 2014

Net Assets

Up

$3,448,310

Up $29,149 (+0.9%) from 2014

Liabilities

Down

$1,896,130

Down $106,242 (-5.3%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin46th percentile

Revenue

Up

$1,811,658

Up $391,625 (+28%) from 2014

Expenses

Up

$1,782,509

Up $370,135 (+26%) from 2014

Net Income

Up

$29,149

Up $21,490 (+281%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2015

Assets$5,344,440
Liabilities$1,896,130
Net Assets$3,448,310
Open 2015 Filing

Operations Trend

Revenue Growth83rd 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

2015

Revenue$1,811,658
Expenses$1,782,509
Net Income$29,149
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 15, 2015
Return Version
2014v5.0
Gross Receipts
$1,811,658
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$4,215,276$3,484,768▼ $730,508
Savings and Temporary Cash Investments$689,957$1,498,921▲ $808,964
Pledges and Grants Receivable$157,237$158,953▲ $1,716
Accounts Receivable$88,500$88,500→ $0
Cash and Non-Interest-Bearing Accounts$132,370$72,575▼ $59,795
Land, Buildings, and Equipment, Net$45,196$34,949▼ $10,247
Prepaid Expenses and Deferred Charges$8,134$5,774▼ $2,360
Total Assets$5,421,533$5,344,440▼ $77,093
Other Assets Total$84,863--
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,013,009$861,120▼ $151,889
Unsecured Notes Loans Payable$882,005$744,120▼ $137,885
Deferred Revenue-$160,532-
Accounts Payable and Accrued Expenses$32,358$130,358▲ $98,000
Grants Payable$75,000--
Total Liabilities$2,002,372$1,896,130▼ $106,242
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,326,628$3,242,249▼ $84,379
Temporarily Rstr Net Assets$121,585$150,108▲ $28,523
Unrestricted Net Assets$-29,052$55,953▲ $85,005
Total Net Assets Fund Balance$3,419,161$3,448,310▲ $29,149
Total Liabilities and Net Assets / Fund Balance$5,421,533$5,344,440▼ $77,093

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,949$119,693$154,642
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Anthony R SapienzaPresident
Joseph NaumanVice President
Craig DutraDirector
Elizabeth Isherwood-MooreDirector
Helena DaSilva HughesDirector
Paul L VigeantDirector
Carol PimentelClerk
David SlutzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,463,594
Program Service Revenue
$347,240
Investment Income
$624
Other Revenue
$200
Change in Net Assets
$29,149

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,811,658
Total Revenue per Audited Statements
$1,811,658
Total Revenue per Form 990
$1,811,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,127,045
Salaries, Compensation, and Employee Benefits$623,193
Grants and Similar Amounts Paid$32,271
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$929,956--$929,956
Other Salaries and Wages$348,317$123,376-$471,693
Other Employee Benefits$75,705$26,841-$102,546
Interest$46,240--$46,240
Payroll Taxes$27,338$9,683-$37,021
Grants to Domestic Orgs$32,271--$32,271
Conferences and Meetings$19,871--$19,871
Other Expenses$19,639--$19,639
Depreciation Depletion$16,693--$16,693
Advertising$13,350--$13,350
Occupancy$12,600--$12,600
Insurance$12,331--$12,331
Pension Plan Contributions$8,831$3,102-$11,933
Fees for Services Accounting-$10,750-$10,750
Office Expenses-$6,242-$6,242
Fees for Services Other$4,871--$4,871
Fees for Services Legal$1,527$2,207-$3,734
Total Functional Expenses$1,600,308$182,201$0$1,782,509

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,782,509
Total Expenses per Audited Statements$1,782,509
Total Expenses per Form 990$1,782,509
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Downtown New Bedford IncNew Bedford, MA501c6Support$12,500
Community Ec Devel Ctr SE MANew Bedford, MA501c3Support$8,500
South End Business Assoc IncNew Bedford, MA501c6Support$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 overall 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

Filer Name
New Bedford Economic Development Council Inc
EIN
04-3244024
Address
1213 Purchase Street, New Bedford, MA 02740

Signing Officer

Name
Anthony R Sapienza
Title
President
Signed
2015-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony R Sapienza
Formed
1998
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
10

Preparer

Firm
Leatham & Associates CPAs
Address
492 Pleasant Street, New Bedford, MA 02740
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 480 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/BOYAmt032358
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0130358
IRS990/AccountsReceivableGrp/BOYAmt088500
IRS990/AccountsReceivableGrp/EOYAmt088500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To foster business growth, greater employment and economic development in the Greater New Bedford area.
IRS990/AdvertisingGrp/ProgramServicesAmt013350
IRS990/AdvertisingGrp/TotalAmt013350
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0929956
IRS990/AllOtherExpensesGrp/TotalAmt0929956
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Deborah Trombly
IRS990/BooksInCareOfDetail/PhoneNum05089913122
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01213 Purchase St
IRS990/BooksInCareOfDetail/USAddress/CityNm0New Bedford
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002740
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0132370
IRS990/CashNonInterestBearingGrp/EOYAmt072575
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt019871
IRS990/ConferencesMeetingsGrp/TotalAmt019871
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01463594
IRS990/CYGrantsAndSimilarPaidAmt032271
IRS990/CYInvestmentIncomeAmt0624
IRS990/CYOtherExpensesAmt01127045
IRS990/CYOtherRevenueAmt0200
IRS990/CYProgramServiceRevenueAmt0347240
IRS990/CYRevenuesLessExpensesAmt029149
IRS990/CYSalariesCompEmpBnftPaidAmt0623193
IRS990/CYTotalExpensesAmt01782509
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01811658
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0160532
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt016693
IRS990/DepreciationDepletionGrp/TotalAmt016693
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/ExpenseAmt0852503
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010750
IRS990/FeesForServicesAccountingGrp/TotalAmt010750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02207
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01527
IRS990/FeesForServicesLegalGrp/TotalAmt03734
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04871
IRS990/FeesForServicesOtherGrp/TotalAmt04871
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/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/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
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/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/PersonNm7Elizabeth Isherwood-Moore
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt01463594
IRS990/GrantAmt095794
IRS990/GrantsPayableGrp/BOYAmt075000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt032271
IRS990/GrantsToDomesticOrgsGrp/TotalAmt032271
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01811658
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt012331
IRS990/InsuranceGrp/TotalAmt012331
IRS990/InterestGrp/ProgramServicesAmt046240
IRS990/InterestGrp/TotalAmt046240
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0624
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0624
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0119693
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045196
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034949
IRS990/LandBldgEquipCostOrOtherBssAmt0154642
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/BOYAmt01013009
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0861120
IRS990/NetAssetsOrFundBalancesBOYAmt03419161
IRS990/NetAssetsOrFundBalancesEOYAmt03448310
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt012600
IRS990/OccupancyGrp/TotalAmt012600
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06242
IRS990/OfficeExpensesGrp/TotalAmt06242
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt084863
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026841
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt075705
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0102546
IRS990/OtherExpensesGrp/Desc0Communications
IRS990/OtherExpensesGrp/Desc1Quest Center expenses
IRS990/OtherExpensesGrp/Desc2Dues
IRS990/OtherExpensesGrp/Desc3Special projects
IRS990/OtherExpensesGrp/ProgramServicesAmt019307
IRS990/OtherExpensesGrp/ProgramServicesAmt16794
IRS990/OtherExpensesGrp/ProgramServicesAmt24667
IRS990/OtherExpensesGrp/ProgramServicesAmt319639
IRS990/OtherExpensesGrp/TotalAmt019307
IRS990/OtherExpensesGrp/TotalAmt16794
IRS990/OtherExpensesGrp/TotalAmt24667
IRS990/OtherExpensesGrp/TotalAmt319639
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0200
IRS990/OtherRevenueTotalAmt0200
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0123376
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0348317
IRS990/OtherSalariesAndWagesGrp/TotalAmt0471693
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04215276
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03484768
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09683
IRS990/PayrollTaxesGrp/ProgramServicesAmt027338
IRS990/PayrollTaxesGrp/TotalAmt037021
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03102
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08831
IRS990/PensionPlanContributionsGrp/TotalAmt011933
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03326628
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03242249
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0157237
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0158953
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08134
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05774
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/RelatedOrExemptFuncIncomeAmt0233753
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113654
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt299833
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0233753
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113654
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt299833
IRS990/ProgSrvcAccomActy2Grp/Desc0The Council continues to be actively involved with the emerging wind energy industry.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0747805
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0343324
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0755231
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0914165
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt029500
IRS990/PYInvestmentIncomeAmt0696
IRS990/PYOtherExpensesAmt0739808
IRS990/PYOtherRevenueAmt01500
IRS990/PYProgramServiceRevenueAmt0503672
IRS990/PYRevenuesLessExpensesAmt07659
IRS990/PYSalariesCompEmpBnftPaidAmt0643066
IRS990/PYTotalExpensesAmt01412374
IRS990/PYTotalRevenueAmt01420033
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt029149
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0689957
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01498921
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01463593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0914165
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0718473
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0519923
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0402750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04018904
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0623
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0696
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01542
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01665
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05432
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0347441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0505172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0528260
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0481280
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0598659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02460812
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0696
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01665
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05432
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt06479716
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01811034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01419337
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01246733
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01001203
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01001409
IRS990ScheduleA/Total509Grp/TotalAmt06479716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01811657
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01420033
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01247639
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01002745
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01003074
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06485148
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt034949
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119693
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0154642
IRS990ScheduleD/ExpensesSubtotalAmt01782509
IRS990ScheduleD/RevenueSubtotalAmt01811658
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034949
IRS990ScheduleD/TotalExpensesPerForm990Amt01782509
IRS990ScheduleD/TotalRevenuePerForm990Amt01811658
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01811658
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01782509
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/BusinessNameLine1Txt0South End Business Assoc Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Community Ec Devel Ctr SE MA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Downtown New Bedford Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0042784674
IRS990ScheduleI/RecipientTable/RecipientEIN1043371170
IRS990ScheduleI/RecipientTable/RecipientEIN2043232379
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0651 Orchard St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1181 Hillman St Bldg 9 Rm 203
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2105 Williams St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0New Bedford
IRS990ScheduleI/RecipientTable/USAddress/CityNm1New Bedford
IRS990ScheduleI/RecipientTable/USAddress/CityNm2New Bedford
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002740
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd102740
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd202740
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grantees must submit invoices to the Council at least annually detailing the qualifying expenditures for which they wish to be reimbursed.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0After 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Council's Board of Directors evaluates the Executive Director's performance annually before determining his compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors approves the overall compensation of all other employees as reflected in the annual budget. Officers who are Board Members are unpaid volunteers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Consultants - see Overflow Statement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6See Other Expenses - see Overflow Statement
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,344,440
Liabilities
$1,896,130
Net assets
$3,448,310
Revenue
$1,811,658
Expenses
$1,782,509
Net income
$29,149
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