NonprofitsNew Bedford Economic Development Council Inc

Public & Societal Benefit

New Bedford Economic Development Council Inc

NEW BEDFORD, MA

Total revenue

$3.6M

Total expenses

$3.5M

Net assets

$4.9M

Grants received

$343K

14 grants

EIN

043244024

Tax year

2023

Mission

To cultivate and promote a transparent, credible, and business-friendly environment, the nbedc works collaboratively with local, state, and federal partners to support creativity, sustainable growth, and private sector investment benefiting the citizens of new bedford.

Financials

FY 2023

Revenue

Contributions & grants$3.4M
Program service revenue$250K
Investment income$10K
Other revenue
Total revenue$3.6M

Expenses

Grants paid$1.5M
Salaries & benefits$985K
Fundraising
Other expenses$1.1M
Total expenses$3.5M
Total assets$5.7M
Net assets$4.9M

People

13 listed

NameRoleCompensation

DEREK SANTOS

EXECUTIVE DIRECTOR

Board

$170K

40 hrs/wk

CAROL PIMENTEL

CLERK

Board

1 hrs/wk

HELENA DASILVA HUGHES

DIRECTOR

Board

1.5 hrs/wk

LAURA DOUGLAS

DIRECTOR

Board

1.5 hrs/wk

ANTHONY R SAPIENZA

PRESIDENT

Board

3 hrs/wk

MELANIE EDWARDS-TAVARES

DIRECTOR

Board

1.5 hrs/wk

ROLAND GIROUX

DIRECTOR

Board

1.5 hrs/wk

DR RAYFORD KRUGER

DIRECTOR (UNTIL 10/2023)

Board

1.5 hrs/wk

DAVID MCCREADY

DIRECTOR

Board

1.5 hrs/wk

ELIZABETH ISHERWOOD

VICE PRESIDENT

Board

1.5 hrs/wk

DAVID SLUTZ

TREASURER

Board

2.5 hrs/wk

RAMON D SILVA

SENIOR LENDING OFFICER

Staff

$144K

40 hrs/wk

DEBORAH A TROMBLY

ACCOUNTANT

Staff

$121K

40 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$11K
CAPACITY BUILDING
2024
$10K
GENERAL SUPPORT
2024
$100K
ECONOMIC DEVELOPMENT
2022
$64K
THE NEW BEDFORD CHILDREN'S TEACHER LIBRARY
2022
$10K
GENERAL SUPPORT
2022
$50K
ARTS & CULTURE
2021
$15K
SUPPORT SERVICES
2021
$5K
FOR GENERAL SUPPORT
2020
$5K
GENERAL OPERATING, CREATION AND/OR PRESENTING SUPPORT
2020
$25K
CITY INNOVATION ECOSYSTEMS PROGRAM
2019
$29K
ECONOMIC DEVELOPMENT
2017

Funded by

$343K from 10 funders · 14 grants · 2017–2024

Bristol County Savings Charitable

$179K · 3 grants · 2017–2022

The Blackbaud Giving Fund

$20K · 2 grants · 2022–2024

Southcoast Hospitals Group Inc

$15K · 1 grant · 2021

The Schmidt Family Foundation

$11K · 1 grant · 2024

Rockland Trust Charitable Foundation

$10K · 2 grants · 2020–2021

Mightycause Charitable Foundation

$10K · 1 grant · 2020

Details

EIN043244024
NTEE codeW20
Subsection03
Ruling date1999-01
Formed1998
Employees8
Volunteers28
NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC — Mission, Financials & Grants Received | Grantivo