Civic Intelligence

New Bedford Economic Development Council Inc.

990 • Fiscal year 2019 • EIN 04-3244024

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 17, 2019

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

0.20x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.72x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$168,589

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

29th percentile

-2.5%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-1.6%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$4,374,786

Down $111,133 (-2.5%) from 2018

Net Assets

Up

$3,502,342

Up $11,942 (+0.3%) from 2018

Liabilities

Down

$872,444

Down $123,075 (-12%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin43rd percentile

Revenue

Down

$1,215,666

Down $19,215 (-1.6%) from 2018

Expenses

Down

$1,203,724

Down $21,474 (-1.8%) from 2018

Net Income

Up

$11,942

Up $2,259 (+23%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2019

Assets$4,374,786
Liabilities$872,444
Net Assets$3,502,342
Open 2019 Filing

Operations Trend

Revenue Growth35th 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

2019

Revenue$1,215,666
Expenses$1,203,724
Net Income$11,942
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$1,215,666
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$3,002,251$2,846,205▼ $156,046
Savings and Temporary Cash Investments$1,101,750$1,160,181▲ $58,431
Pledges and Grants Receivable$168,113$126,342▼ $41,771
Cash and Non-Interest-Bearing Accounts$50,587$115,391▲ $64,804
Accounts Receivable$140,622$99,744▼ $40,878
Land, Buildings, and Equipment, Net$13,508$17,855▲ $4,347
Prepaid Expenses and Deferred Charges$9,088$9,068▼ $20
Total Assets$4,485,919$4,374,786▼ $111,133
Liabilities
Mortgage Notes Payable Secured by Investment Property$709,668$547,195▼ $162,473
Unsecured Notes Loans Payable$218,200$240,000▲ $21,800
Accounts Payable and Accrued Expenses$67,651$76,916▲ $9,265
Deferred Revenue-$8,333-
Total Liabilities$995,519$872,444▼ $123,075
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,307,824$3,309,215▲ $1,391
Unrestricted Net Assets$182,576$193,127▲ $10,551
Total Net Assets Fund Balance$3,490,400$3,502,342▲ $11,942
Total Liabilities and Net Assets / Fund Balance$4,485,919$4,374,786▼ $111,133

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,155$16,871$32,026
Leasehold Improvements$2,700$1,158$3,858
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek SantosExecutive DirectorFT$146,238$22,351$168,589
Ramon D SilvaLoan OfficerFT$106,918$10,627$117,545

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$887,988
Program Service Revenue
$314,674
Investment Income
$2,504
Other Revenue
$10,500
All Other Contributions
$73,835
Change in Net Assets
$11,942

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,215,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,215,666
Total Revenue per Form 990
$1,215,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$655,411
Other Expenses$387,502
Grants and Similar Amounts Paid$160,811
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$247,818$93,808-$341,626
Current Officers, Directors, Trustees, and Key Employees$163,569$18,223-$181,792
Grants to Domestic Orgs$160,811--$160,811
Other Employee Benefits$55,642$29,643-$85,285
Payroll Taxes$28,909$8,154-$37,063
Office Expenses$24,222$6,831-$31,053
Fees for Services Other$21,631$4,072-$25,703
Occupancy$22,584$2,772-$25,356
Travel$15,019$3,604-$18,623
Fees for Services Accounting$7,517$8,221-$15,738
Insurance$10,701$3,018-$13,719
Interest$11,661--$11,661
Conferences and Meetings$8,220$2,951-$11,171
Other Expenses$7,780$2,195-$9,975
Pension Plan Contributions$6,978$2,667-$9,645
Depreciation Depletion$5,326$1,502-$6,828
Total Functional Expenses$1,016,063$187,661$0$1,203,724

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,203,724
Total Expenses per Audited Statements$1,203,724
Total Expenses per Form 990$1,203,724
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$24,000
Co-creative CenterNew Bedford, MA501 (c) (3)Wicked Cool Places$15,500
Spicy Lime Thai CuisineNew Bedford, MA501 (c) (3)Wicked Cool Places Storefront Enhancement Grant$15,000
Downtown New Bedford IncNew Bedford, MA501 (c) (3)Economic Development Support$12,000
Community Foundation of Se MassNew Bedford, MA501 (c) (3)Superflat, Mass Cultural and Summer Program$11,225
3rd Eye Youth Unltd EmpowermentNew Bedford, MA-Wicked Cool Places$10,000
Umass DartmouthNorth Dartmouth, MA-Wicked Cool Places$10,000
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
2019-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony R Sapienza
Formed
1998
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
111 DURFEE STREET, FALL RIVER, MA 02720
Preparer
Ellen Sicard CPA
Phone
7813803520
Raw XML AppendixShowing 400 of 585 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt067651
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt076916
IRS990/AccountsReceivableGrp/BOYAmt0140622
IRS990/AccountsReceivableGrp/EOYAmt099744
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO FOSTER BUSINESS GROWTH, GREATER EMPLOYMENT AND ECONOMIC DEVELOPMENT IN THE GREATER NEW BEDFORD AREA.
IRS990/AllOtherContributionsAmt073835
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0DEBORAH TROMBLY
IRS990/BooksInCareOfDetail/PhoneNum05089913122
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01213 PURCHASE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW BEDFORD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002740
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt050587
IRS990/CashNonInterestBearingGrp/EOYAmt0115391
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018223
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0163569
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0181792
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02951
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt08220
IRS990/ConferencesMeetingsGrp/TotalAmt011171
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0887988
IRS990/CYGrantsAndSimilarPaidAmt0160811
IRS990/CYInvestmentIncomeAmt02504
IRS990/CYOtherExpensesAmt0387502
IRS990/CYOtherRevenueAmt010500
IRS990/CYProgramServiceRevenueAmt0314674
IRS990/CYRevenuesLessExpensesAmt011942
IRS990/CYSalariesCompEmpBnftPaidAmt0655411
IRS990/CYTotalExpensesAmt01203724
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01215666
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt08333
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01502
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05326
IRS990/DepreciationDepletionGrp/TotalAmt06828
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 SUPPORT FOR THE WIND ENERGY CENTER.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01016063
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08221
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt07517
IRS990/FeesForServicesAccountingGrp/TotalAmt015738
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04072
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt021631
IRS990/FeesForServicesOtherGrp/TotalAmt025703
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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/OfficerInd4X
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/OtherCompensationAmt922351
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1010627
IRS990/Form990PartVIISectionAGrp/PersonNm0HELENA DASILVA HUGHES
IRS990/Form990PartVIISectionAGrp/PersonNm1ELIZABETH ISHERWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN VASCONCELLOS
IRS990/Form990PartVIISectionAGrp/PersonNm3STEVEN KENYON
IRS990/Form990PartVIISectionAGrp/PersonNm4JONATHAN F MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm5ANTHONY R SAPIENZA
IRS990/Form990PartVIISectionAGrp/PersonNm6JOSEPH NAUMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID SLUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm8CAROL PIMENTAL
IRS990/Form990PartVIISectionAGrp/PersonNm9DEREK SANTOS
IRS990/Form990PartVIISectionAGrp/PersonNm10RAMON D SILVA
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/ReportableCompFromOrgAmt9146238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10106918
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4MAYOR EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10LOAN OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0814153
IRS990/GrantAmt0160811
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0160811
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0160811
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01215666
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03018
IRS990/InsuranceGrp/ProgramServicesAmt010701
IRS990/InsuranceGrp/TotalAmt013719
IRS990/InterestGrp/ProgramServicesAmt011661
IRS990/InterestGrp/TotalAmt011661
IRS990/InvestmentIncomeGrp/ExclusionAmt02504
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02504
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018029
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013508
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017855
IRS990/LandBldgEquipCostOrOtherBssAmt035884
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO FOSTER BUSINESS GROWTH, GREATER EMPLOYMENT AND ECONOMIC DEVELOPMENT IN THE GREATER NEW BEDFORD AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0709668
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0547195
IRS990/NetAssetsOrFundBalancesBOYAmt03490400
IRS990/NetAssetsOrFundBalancesEOYAmt03502342
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02772
IRS990/OccupancyGrp/ProgramServicesAmt022584
IRS990/OccupancyGrp/TotalAmt025356
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06831
IRS990/OfficeExpensesGrp/ProgramServicesAmt024222
IRS990/OfficeExpensesGrp/TotalAmt031053
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029643
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055642
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085285
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc1NBEDC PROJECTS GRANT EX
IRS990/OtherExpensesGrp/Desc2DUES & MEMBERSHIP
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02195
IRS990/OtherExpensesGrp/ProgramServicesAmt0120000
IRS990/OtherExpensesGrp/ProgramServicesAmt197675
IRS990/OtherExpensesGrp/ProgramServicesAmt27780
IRS990/OtherExpensesGrp/TotalAmt0120000
IRS990/OtherExpensesGrp/TotalAmt197675
IRS990/OtherExpensesGrp/TotalAmt29975
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0COMMUNITY INV TX CRDT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010500
IRS990/OtherRevenueTotalAmt010500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt093808
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0247818
IRS990/OtherSalariesAndWagesGrp/TotalAmt0341626
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03002251
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02846205
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08154
IRS990/PayrollTaxesGrp/ProgramServicesAmt028909
IRS990/PayrollTaxesGrp/TotalAmt037063
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02667
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06978
IRS990/PensionPlanContributionsGrp/TotalAmt09645
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03307824
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03309215
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0168113
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0126342
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09088
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09068
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/RelatedOrExemptFuncIncomeAmt0202774
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0202774
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25800
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0851941
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt038000
IRS990/PYInvestmentIncomeAmt0893
IRS990/PYOtherExpensesAmt0539344
IRS990/PYOtherRevenueAmt06750
IRS990/PYProgramServiceRevenueAmt0375297
IRS990/PYRevenuesLessExpensesAmt09683
IRS990/PYSalariesCompEmpBnftPaidAmt0647854
IRS990/PYTotalExpensesAmt01225198
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01234881
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt011942
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0325174
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01101750
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01160181
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0887988
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0851941
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0660596
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01150360
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01463593
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05014478
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02504
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0893
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0917
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0969
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0623
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0314674
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0375297
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0331544
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0362612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0347441
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01731568
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0893
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0917
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0969
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0623
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05906
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06750
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt06400
IRS990ScheduleA/OtherIncome509Grp/TotalAmt023650
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99560
IRS990ScheduleA/PublicSupportPY509Pct00.99750
IRS990ScheduleA/PublicSupportTotal509Amt06746046
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01202662
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01227238
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0992140
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01512972
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01811034
IRS990ScheduleA/Total509Grp/TotalAmt06746046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01215666
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01234881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0999457
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01513941
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01811657
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06775602
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt015155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016871
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032026
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01203724
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02700
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01158
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03858
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01215666
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017855
IRS990ScheduleD/TotalExpensesPerForm990Amt01203724
IRS990ScheduleD/TotalRevenuePerForm990Amt01215666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01215666
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01203724
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08500
IRS990ScheduleI/RecipientTable/CashGrantAmt124000
IRS990ScheduleI/RecipientTable/CashGrantAmt212000
IRS990ScheduleI/RecipientTable/CashGrantAmt315000
IRS990ScheduleI/RecipientTable/CashGrantAmt411225
IRS990ScheduleI/RecipientTable/CashGrantAmt515500
IRS990ScheduleI/RecipientTable/CashGrantAmt610000
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2ECONOMIC DEVELOPMENT SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3WICKED COOL PLACES STOREFRONT ENHANCEMENT GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPERFLAT, MASS CULTURAL AND SUMMER PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5WICKED COOL PLACES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6WICKED COOL PLACES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7WICKED COOL PLACES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,374,786
Liabilities
$872,444
Net assets
$3,502,342
Revenue
$1,215,666
Expenses
$1,203,724
Net income
$11,942
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