Civic Intelligence

Greater New Bedford

EIN 04-3306335 • 501(c)3 • New Bedford, MA

Profile

Meet the workforce needs of employers and support economic development in greater new bedford.

25 Elm StreetNew Bedford, MA 02740

www.masshiregreaternewbedford.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.31x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

24th percentile

-6.4%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

89th percentile

39%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.7%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,934,372

Up $538,130 (+39%) from 2023

Liabilities

Up

$1,782,635

Up $903,958 (+103%) from 2023

Net Assets

Down

$151,737

Down $365,828 (-71%) from 2023

Revenue

Up

$5,700,799

Up $152,016 (+2.7%) from 2023

Expenses

Up

$6,066,627

Up $449,752 (+8.0%) from 2023

Net Income

Down

-$365,828

Down $297,736 (-437%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,854,566Liabilities 2010: $1,181,537Net Assets 2010: $673,0292010Assets 2011: $929,605Liabilities 2011: $388,830Net Assets 2011: $540,7752011Assets 2012: $783,553Liabilities 2012: $294,474Net Assets 2012: $489,0792012Assets 2013: $718,495Liabilities 2013: $330,844Net Assets 2013: $387,6512013Assets 2014: $635,075Liabilities 2014: $289,005Net Assets 2014: $346,0702014Assets 2015: $640,833Liabilities 2015: $368,572Net Assets 2015: $272,2612015Assets 2016: $561,863Liabilities 2016: $307,592Net Assets 2016: $254,2712016Assets 2017: $490,816Liabilities 2017: $254,412Net Assets 2017: $236,4042017Assets 2018: $534,833Liabilities 2018: $312,703Net Assets 2018: $222,1302018Assets 2019: $1,030,367Liabilities 2019: $773,042Net Assets 2019: $257,3252019Assets 2020: $878,151Liabilities 2020: $595,670Net Assets 2020: $282,4812020Assets 2021: $1,194,439Liabilities 2021: $660,346Net Assets 2021: $534,0932021Assets 2022: $1,114,287Liabilities 2022: $528,630Net Assets 2022: $585,6572022Assets 2023: $1,396,242Liabilities 2023: $878,677Net Assets 2023: $517,5652023Assets 2024: $1,934,372Liabilities 2024: $1,782,635Net Assets 2024: $151,7372024

Highlighted filing

2024

Assets$1,934,372
Liabilities$1,782,635
Net Assets$151,737

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $7,202,5772010Expenses 2011: $5,432,6812011Expenses 2012: $4,187,2712012Revenue 2013: $3,599,472Expenses 2013: $3,700,902Net Income 2013: -$101,4302013Revenue 2014: $3,640,166Expenses 2014: $3,681,747Net Income 2014: -$41,5812014Revenue 2015: $4,328,666Expenses 2015: $4,402,473Net Income 2015: -$73,8072015Revenue 2016: $3,455,037Expenses 2016: $3,473,027Net Income 2016: -$17,9902016Revenue 2017: $3,643,020Expenses 2017: $3,660,887Net Income 2017: -$17,8672017Revenue 2018: $3,175,613Expenses 2018: $3,189,887Net Income 2018: -$14,2742018Revenue 2019: $3,223,933Expenses 2019: $3,188,738Net Income 2019: $35,1952019Revenue 2020: $3,242,120Expenses 2020: $3,216,964Net Income 2020: $25,1562020Revenue 2021: $3,887,016Expenses 2021: $3,635,404Net Income 2021: $251,6122021Revenue 2022: $4,498,189Expenses 2022: $4,446,625Net Income 2022: $51,5642022Revenue 2023: $5,548,783Expenses 2023: $5,616,875Net Income 2023: -$68,0922023Revenue 2024: $5,700,799Expenses 2024: $6,066,627Net Income 2024: -$365,8282024

Highlighted filing

2024

Revenue$5,700,799
Expenses$6,066,627
Net Income-$365,828

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.93$1.78$0.15$5.70$6.07$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.88$0.52$5.55$5.62$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.11$0.53$0.59$4.50$4.45$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.66$0.53$3.89$3.64$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.60$0.28$3.24$3.22$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.77$0.26$3.22$3.19$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.31$0.22$3.18$3.19$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.25$0.24$3.64$3.66$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.31$0.25$3.46$3.47$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.37$0.27$4.33$4.40$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.29$0.35$3.64$3.68$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.33$0.39$3.60$3.70$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.29$0.49$4.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.39$0.54$5.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$1.18$0.67$7.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$5,700,799
Mission and Program Overview

Mission

Coordinator of workforce development training. The workforce board's mission is to provide leadership and oversight for the local workforce development system by securing and allocating public and private funds to programs and initiatives that develop a skilled and educated workforce, meet the workforce needs of employers and support economic development in greater new bedford.

Coordinator of workforce development and trainingmasshire creates and sustains powerful connections between businesses and job seekers through a statewide network of employment professionals. Masshire is a business-led, policy-setting board that oversees workforce development initiatives in the ten-community region stretching from dartmouth to wareham, ma. The board oversees the new bedford career center operated jointly by equus workforce solutions and the masshire department of career services (mdcs) under the workforce investment and opportunity act (wioa). Significant activities include adult, youth, and dislocated worker programs and industry specific training programs including manufacturing, marine, healthcare, early childhood education, and clean energy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$973,861$969,236▼ $4,625
Intangible Assets-$602,170-
Cash and Non-Interest-Bearing Accounts$379,290$343,663▼ $35,627
Land, Buildings, and Equipment, Net$40,040$0▼ $40,040
Prepaid Expenses and Deferred Charges$3,051$19,303▲ $16,252
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,396,242$1,934,372▲ $538,130
Liabilities
Accounts Payable and Accrued Expenses$404,733$659,882▲ $255,149
Other Liabilities$0$602,170▲ $602,170
Deferred Revenue$473,944$520,583▲ $46,639
Total Liabilities$878,677$1,782,635▲ $903,958
Net Assets / Fund Balance
Total Net Assets Fund Balance$517,565$151,737▼ $365,828
Total Liabilities and Net Assets / Fund Balance$1,396,242$1,934,372▲ $538,130
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SlutzChair
Duarte SilvaVice Chair
Aaron PolanskyBoard Member
Bernice JensenBoard Member
Bonnie MelloBoard Member
Charles QuinnBoard Member
Christopher RezendesBoard Member
Corinn WilliamsBoard Member
David a CabralBoard Member
Derek SantosBoard Member
Dr Laura DouglasBoard Member
Ed Anthes-washburnBoard Member
Haskell Kennedy IiiBoard Member
Helena Dasilva HughesBoard Member
Jane McardleBoard Member
Jean BreaultBoard Member
Jeff GlassmanBoard Member
Jennifer PatnaudeBoard Member
John FernandesBoard Member
Jose BahenaBoard Member
Margarita GrahamBoard Member
Michael TavaresBoard Member
Michael WatsonBoard Member
Michael WilliamsBoard Member
Nelson AbreuBoard Member
Pam KuechlerBoard Member
Ron MelbourneBoard Member
Sara CunhaBoard Member
Shannon FinningBoard Member
Stephen MerrillBoard Member
Steven WhiteBoard Member
Steven a BeauregardBoard Member
Tracy SilviaBoard Member
Victor PereiraBoard Member
Wendy SavaryBoard Member
Yvonne TobeyBoard Member
Jeffrey PelletierAssistant Treasurer
Lisa LemieuxSecretary
Carl TaborTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,623,568
Program Service Revenue
$63,934
Investment Income
$13,297
Other Revenue
$0
Change in Net Assets
$-365,828

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,700,799
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,700,799
Total Revenue per Form 990
$5,700,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,125,439
Salaries, Compensation, and Employee Benefits$941,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$824,451$-52,331-$772,120
Other Salaries and Wages$457,596$142,377-$599,973
Other Expenses$300,349$0-$300,349
Current Officers, Directors, Trustees, and Key Employees$114,036$124,436-$238,472
All Other Expenses$208,191--$208,191
Other Employee Benefits$210,018$-107,275-$102,743
Advertising$68,821$26,347-$95,168
Occupancy-$93,498-$93,498
Fees for Services Management$21,482$55,555-$77,037
Information Technology$10,845$53,563-$64,408
Fees for Services Accounting-$28,500-$28,500
Conferences and Meetings$11,327$2,768-$14,095
Insurance-$9,562-$9,562
Total Functional Expenses$5,686,807$379,820$0$6,066,627

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,066,627
Total Expenses per Audited Statements$6,066,627
Total Expenses per Form 990$6,066,627
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberPeople Acting in Community Endeavors - TrainingNo$109,400
-Board MemberBristol Community College - TrainingNo$49,201
-Board MemberLifestream - TrainingNo$48,640
-Board MemberOld Colony Regional Vocational Technical High School - TrainingNo$14,306
-Board MemberGreater New Bedford Resional Vocational Technical High School - TrainingNo$11,500
-Board ChairMoby Dick Brewing - MeetingsNo$2,943
-Board MemberBaycoast Bank - FeesNo$2,691
-Board MemberUniversity of Massachusetts Dartmouth - CateringNo$1,013
-Board MemberReliable Bus Lines - TransportationNo$540
-Board MemberImmigrants Assistance Center - TrainingNo$300
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$602,170
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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 A, Line 1A

The mayor of the city of new bedford appoints the member of the governing body according to the bylaws of the workforce board

Form 990, Part VI, Section A, Line 7A

The mayor of the city of new bedford elects the member of the governing body according to the bylaws of the workforce board.

Form 990, Part VI, Section B, Line 11B

Form reviewed by management and presented to board of directors

Form 990, Part VI, Section B, Line 12C

The organization does not have a procedure in place that regularly checks or monitors the conflict of interest policy. All members and staff sign a conflict of interest form describing the nature of and actions to be taken if a conflict is perceived. Members that see a conflict during votes at the committee or board meetings will abstain from those votes indicated in meeting minutes.

Form 990, Part VI, Section B, Line 15

All compensations for ceo, top management, and other officers are reviewed by independent persons. Data is compared with contemporaneous substantiation of the deliberation and decision. Board members are not compensated.

Form 990, Part VI, Section C, Line 18

Made available on website or upon request

Form 990, Part VI, Section C, Line 19

Governing documents are made available online or per request

Filing and Contact Details

Filer

Filer Name
Greater New Bedford
EIN
04-3306335
Phone
5089791504
Address
25 ELM STREET, NEW BEDFORD, MA 02740
Doing Business As
Masshire Gnb Workforce Board

Signing Officer

Name
Michael Santos
Title
Executive Director
Phone
5089791504
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Santos
Formed
1996
Legal Domicile
Ma
Voting Board Members
39
Independent Board Members
39
Employees
0
Volunteers
0

Preparer

Firm
Hague Sahady & Co Pc CPA
Address
126 PRESIDENT AVE, FALL RIVER, MA 02720
Preparer
Bruce N Hague
Phone
5086757889
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Memberships: program service expenses 181. Management and general expenses 19,366. Fundraising expenses 0. Total expenses 19,547. Subscriptions: program service expenses 63. Management and general expenses 0. Fundraising expenses 0. Total expenses 63. Equipment: program service expenses 17,249. Management and general expenses 51,431. Fundraising expenses 0. Total expenses 68,680. Miscellaneous: program service expenses 49,939. Management and general expenses 1,583. Fundraising expenses 0. Total expenses 51,522. General and administrative: program service expenses 757,019. Management and general expenses -124,711. Fundraising expenses 0. Total expenses 632,308.

Raw XML AppendixShowing 400 of 680 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/ActivityOrMissionDesc0COORDINATOR OF WORKFORCE DEVELOPMENT AND TRAININGMASSHIRE CREATES AND SUSTAINS POWERFUL CONNECTIONS BETWEEN BUSINESSES AND JOB SEEKERS THROUGH A STATEWIDE NETWORK OF EMPLOYMENT PROFESSIONALS. MASSHIRE IS A BUSINESS-LED, POLICY-SETTING BOARD THAT OVERSEES WORKFORCE DEVELOPMENT INITIATIVES IN THE TEN-COMMUNITY REGION STRETCHING FROM DARTMOUTH TO WAREHAM, MA. THE BOARD OVERSEES THE NEW BEDFORD CAREER CENTER OPERATED JOINTLY BY EQUUS WORKFORCE SOLUTIONS AND THE MASSHIRE DEPARTMENT OF CAREER SERVICES (MDCS) UNDER THE WORKFORCE INVESTMENT AND OPPORTUNITY ACT (WIOA). SIGNIFICANT ACTIVITIES INCLUDE ADULT, YOUTH, AND DISLOCATED WORKER PROGRAMS AND INDUSTRY SPECIFIC TRAINING PROGRAMS INCLUDING MANUFACTURING, MARINE, HEALTHCARE, EARLY CHILDHOOD EDUCATION, AND CLEAN ENERGY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD MEMBER
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