Civic Intelligence

New Bedford Economic Development Council Inc.

990 • Fiscal year 2018 • EIN 04-3244024

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 11, 2018

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

66th percentile

0.22x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.81x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

43rd percentile

0.8%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$168,008

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

32nd percentile

-3.0%

Faster asset growth than 32% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

24%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$4,485,919

Down $137,628 (-3.0%) from 2017

Net Assets

Up

$3,490,400

Up $9,683 (+0.3%) from 2017

Liabilities

Down

$995,519

Down $147,311 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin43rd percentile

Revenue

Up

$1,234,881

Up $235,424 (+24%) from 2017

Expenses

Up

$1,225,198

Up $234,914 (+24%) from 2017

Net Income

Up

$9,683

Up $510 (+5.6%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2018

Assets$4,485,919
Liabilities$995,519
Net Assets$3,490,400
Open 2018 Filing

Operations Trend

Revenue Growth77th 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

2018

Revenue$1,234,881
Expenses$1,225,198
Net Income$9,683
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 11, 2018
Return Version
2017v2.3
Gross Receipts
$1,234,881
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$3,296,665$3,002,251▼ $294,414
Savings and Temporary Cash Investments$973,964$1,101,750▲ $127,786
Pledges and Grants Receivable$57,022$168,113▲ $111,091
Accounts Receivable$89,750$140,622▲ $50,872
Cash and Non-Interest-Bearing Accounts$132,595$50,587▼ $82,008
Land, Buildings, and Equipment, Net$28,118$13,508▼ $14,610
Prepaid Expenses and Deferred Charges$7,383$9,088▲ $1,705
Total Assets$4,623,547$4,485,919▼ $137,628
Other Assets Total$38,050$0▼ $38,050
Liabilities
Mortgage Notes Payable Secured by Investment Property$904,090$709,668▼ $194,422
Unsecured Notes Loans Payable$163,110$218,200▲ $55,090
Accounts Payable and Accrued Expenses$35,630$67,651▲ $32,021
Deferred Revenue$40,000--
Total Liabilities$1,142,830$995,519▼ $147,311
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,372,651$3,307,824▼ $64,827
Unrestricted Net Assets$108,066$182,576▲ $74,510
Total Net Assets Fund Balance$3,480,717$3,490,400▲ $9,683
Total Liabilities and Net Assets / Fund Balance$4,623,547$4,485,919▼ $137,628

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,422$10,429$20,851
Leasehold Improvements$3,086$772$3,858
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek SantosExecutive DirectorFT$145,135$22,873$168,008
Ramon D SilvaLoan OfficerFT$103,572$10,406$113,978

Board Members and Trustees

NameTitle
Anthony R SapienzaPresident
Joseph NaumanVice President
Elizabeth Isherwood-mooreDirector
Helena Dasilva HughesDirector
John VasconcellosDirector
Steven KenyonDirector
Carol PimentalClerk
Jonathan F MitchellMayor Ex-officio
David SlutzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$851,941
Program Service Revenue
$375,297
Investment Income
$893
Other Revenue
$6,750
All Other Contributions
$133,000
Change in Net Assets
$9,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,234,881
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,234,881
Total Revenue per Form 990
$1,234,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$647,854
Other Expenses$539,344
Grants and Similar Amounts Paid$38,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$263,271$74,256-$337,527
Current Officers, Directors, Trustees, and Key Employees$137,476$38,775-$176,251
Other Employee Benefits$68,386$19,288-$87,674
Fees for Services Other$47,599$1,403-$49,002
Grants to Domestic Orgs$38,000--$38,000
Payroll Taxes$28,782$8,118-$36,900
Conferences and Meetings$27,250--$27,250
Depreciation Depletion$18,268--$18,268
Interest$17,604--$17,604
Office Expenses$12,350$2,896-$15,246
Fees for Services Accounting-$12,800-$12,800
Occupancy$12,600--$12,600
Insurance$12,380--$12,380
Other Expenses$12,023--$12,023
Advertising$10,851--$10,851
Pension Plan Contributions$7,412$2,090-$9,502
All Other Expenses$8,269--$8,269
Information Technology$4,809--$4,809
Fees for Services Legal$1,356--$1,356
Total Functional Expenses$1,065,572$159,626$0$1,225,198

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,225,198
Total Expenses per Audited Statements$1,225,198
Total Expenses per Form 990$1,225,198
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Ec Devel Ctr SeNew Bedford, MA501 (c) (3)Economic Development Support$17,000
Downtown New Bedford IncNew Bedford, MA501 (c) (3)Economic Development Support$12,500
South End Business Assoc IncNew Bedford, MA501 (c) (6)Economic Development Support$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
Subject to proxy tax
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, Part VI, Section B, Line 11B

“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.”

Form 990, Part VI, Section B, 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.”

Form 990, Part VI, Section B, Line 15

“The council's board of directors evaluates the executive director's performance annually before determining his compensation. 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.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available through guidestar.org and the commonwealth of massachusetts division of public charities, or upon request. Governing documents are available on line via the secretary for the commonwealth of massachusetts corporate database and upon request. The conflict of interest policy is available upon request.”

Filing and Contact Details

Filer

Filer Name
New Bedford Economic Development
EIN
04-3244024
Phone
5089913122
Address
1213 PURCHASE STREET, NEW BEDFORD, MA 02740

Signing Officer

Name
Anthony R Sapienza
Title
President
Phone
5089913122
Signed
2018-10-11
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
5
Volunteers
10

Preparer

Firm
Meyer Regan & Wilner Llp
Address
111 DURFEE STREET, FALL RIVER, MA 02720-2126
Preparer
Ellen E Sicard
Phone
5086796451
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The council, a non-profit organization operating under section 501(c)(3) of the internal revenue code and chapter 180 of the massachusetts general laws, is generally exempt from federal, state and local income taxes. Accordingly, no provision for income taxes is included in the financial statements. The council is not a private foundation. The council believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 545 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.

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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FOSTER BUSINESS GROWTH, GREATER EMPLOYMENT AND ECONOMIC DEVELOPMENT IN THE GREATER NEW BEDFORD AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0904090
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0709668
IRS990/NetAssetsOrFundBalancesBOYAmt03480717
IRS990/NetAssetsOrFundBalancesEOYAmt03490400
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt012600
IRS990/OccupancyGrp/TotalAmt012600
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02896
IRS990/OfficeExpensesGrp/ProgramServicesAmt012350
IRS990/OfficeExpensesGrp/TotalAmt015246
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt038050
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019288
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt068386
IRS990/OtherEmployeeBenefitsGrp/TotalAmt087674
IRS990/OtherExpensesGrp/Desc0NBEDC PROJECTS GRANT EX
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc2WIND ENERGY CENTER EXPE
IRS990/OtherExpensesGrp/Desc3QUEST CENTER EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0158749
IRS990/OtherExpensesGrp/ProgramServicesAmt1155637
IRS990/OtherExpensesGrp/ProgramServicesAmt222500
IRS990/OtherExpensesGrp/ProgramServicesAmt312023
IRS990/OtherExpensesGrp/TotalAmt0158749
IRS990/OtherExpensesGrp/TotalAmt1155637
IRS990/OtherExpensesGrp/TotalAmt222500
IRS990/OtherExpensesGrp/TotalAmt312023
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0COMMUNITY INV TX CRDT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06750
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06750
IRS990/OtherRevenueTotalAmt06750
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074256
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0263271
IRS990/OtherSalariesAndWagesGrp/TotalAmt0337527
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03296665
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03002251
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08118
IRS990/PayrollTaxesGrp/ProgramServicesAmt028782
IRS990/PayrollTaxesGrp/TotalAmt036900
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02090
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07412
IRS990/PensionPlanContributionsGrp/TotalAmt09502
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03372651
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03307824
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt057022
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0168113
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07383
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09088
IRS990/PrincipalOfficerNm0ANTHONY R SAPIENZA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT & CONSULTIN
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222782
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1149940
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1149940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22575
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0660596
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt033500
IRS990/PYInvestmentIncomeAmt0917
IRS990/PYOtherExpensesAmt0321362
IRS990/PYOtherRevenueAmt06400
IRS990/PYProgramServiceRevenueAmt0331544
IRS990/PYRevenuesLessExpensesAmt09173
IRS990/PYSalariesCompEmpBnftPaidAmt0635422
IRS990/PYTotalExpensesAmt0990284
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0999457
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt09683
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0382047
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0973964
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01101750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0851941
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0660596
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01150360
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01463593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0914165
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05040655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0893
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0917
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0969
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0623
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0696
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04098
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0375297
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0331544
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0362612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0347441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0505172
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01922066
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0893
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0917
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0969
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0696
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04098
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt06750
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06400
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013150
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99750
IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt06962721
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01227238
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0992140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01512972
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01811034
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01419337
IRS990ScheduleA/Total509Grp/TotalAmt06962721
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01234881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0999457
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01513941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01811657
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01420033
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06979969
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt010422
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010429
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020851
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01225198
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03086
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0772
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03858
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01234881
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COUNCIL, A NON-PROFIT ORGANIZATION OPERATING UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS, IS GENERALLY EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE COUNCIL IS NOT A PRIVATE FOUNDATION. THE COUNCIL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013508
IRS990ScheduleD/TotalExpensesPerForm990Amt01225198
IRS990ScheduleD/TotalRevenuePerForm990Amt01234881
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01234881
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01225198
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08500
IRS990ScheduleI/RecipientTable/CashGrantAmt117000
IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ECONOMIC DEVELOPMENT SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SOUTH END BUSINESS ASSOC INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1COMMUNITY EC DEVEL CTR SE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DOWNTOWN NEW BEDFORD INC
IRS990ScheduleI/RecipientTable/RecipientEIN0042784674

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,485,919
Liabilities
$995,519
Net assets
$3,490,400
Revenue
$1,234,881
Expenses
$1,225,198
Net income
$9,683
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