NonprofitsNorth Shore Alliance For Economic Development Inc

Community Improvement & Capacity Building

North Shore Alliance For Economic Development Inc

SALEM, MA

Total revenue

$178K

Total expenses

$145K

Net assets

$55K

Grants received

EIN

264232076

Tax year

2024

Mission

North Shore Alliance for Economic Development, Inc. was formed by business and institutional officials to create increased economic opportunity in the thirty communities that comprise Boston's North Shore.

Programs

3 programs

In FY 2025, the Alliance commissioned UMass Amherst Gloucester Marine Station to prepare a Northeast Massachusetts Climatetech Conference Summary Report (held on March 26, 2025) and a Northeast Massachusetts Climatetech Consortium Fact Sheet. The UMass Donahue Institute was commissioned to produce the Future of Work - High Demand Occupations in the Region Report and worked in partnership with the Alliance and the MassHire North Shore Workforce Board on the 2025 North Shore High Demand Occupations: Healthcare and Social Assistance Career Pathways. The Alliance will use and share the clear and compelling data from these reports to advance its economic development efforts that promote economic sustainability.

The Alliance represented the regional business community in collaborative, long-range workforce skills, transportation and land use by the following means: North Shore Small Business Diversity Directory, Priority Development Site Listing Website Landing Page Video and Updated Community Photo Library, Quarterly Economic Development Directors & Community Planners Meetings and the Alliance Policymakers Series.

The Alliance supports regional business recruitment, retention, growth and coordination with the following activities: Convening quarterly meeting of City/Town Planners and Economic/Community Development Directors; offering Partnership initiatives with MOBD and promoting regional activities through Alliance Weekly Newsletter, website, calendar of regional events & forums and social media; and developing and fostering regional partnerships.The Alliance business support in FY25 included small business workshops offerings ranging from topics including (Starting a Business, Managing Financials and Cashflow, AI, Marketing, Sales, Social Media, Business Contracts, Networking, Succession Planning, Non-Profit Series, Business Plans), Small Business State Webinar Resource Series, Minority Resource Showcase for Minority and Diverse Owned Businesses, Climatetech Conference and introductions to State and Federal Resources.The North Shore Alliance for Economic Development focused its FY25 efforts on the Future of Work including the Youth Labor Market and High Demand Occupations in the region, Climatetech, Revitalization and Small Business Support to the 30 communities (including four gateway Cities) it serves through its existing/expanded offerings, new program initiatives and strategic regional partnerships. The Alliance's FY25 REDO Grant aligned its work to support and compliment the Commonwealth's Partnership for Growth and Partnership for Recovery priorities.Our FY25 REDO Grant work focused on five (5) areas: Regional Competitiveness -Economic Data, Small Business Technical Assistance/Support/Equity/Competitiveness, Workforce Development/Talent Pipeline, Regional Revitalization and Regional Communication and Promotion.Programs and reports to support these five areas included: Northeast Massachusetts Climatetech Conference and Conference Report, Northeast Massachusetts Consortium Fact Sheet, Future of Work: High Demand Occupations in the Region Report; Future of Work: Youth Labor Market Blueprint; Resource Showcase for Minority Owned & Diverse Businesses, Small Business State Resource Webinar Series, Small Business Technical Assistance Workshops/Webinars, MOBD Partnership Initiatives, Priority Development Site Listing website landing page, Program Partnerships, Quarterly Economic Development Directors & Community Planners Meetings, Alliance Policymakers Series, and Alliance Website/Weekly Electronic Newsletters/Social Media.The Alliance's REDO Grant funding for FY25 totaled $100,000 to continue its impactful work on the North Shore and lower Merrimack Valley that has benefitted the region. Working with the 30 communities, including four Gateway Cities, municipal leaders, strategic partners, businesses and our partners in state government, EOED, EOHLC and MOBD, the Alliance will continue to help the region and its businesses to meet its challenges.

Financials

FY 2024

Revenue

Contributions & grants$178K
Program service revenue
Investment income$79
Other revenue
Total revenue$178K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$145K
Total expenses$145K
Total assets$55K
Net assets$55K

People

18 listed

NameRoleCompensation

Mayor Michael Cahill

President/Director

Board

0

Jim Cowdell

Vice Chair/Director

Board

0

President John Keenan

Treasurer/Director

Board

0

Beth Debski

Clerk/Director

Board

0

Mayor Ted Bettencourt

Director

Board

0

Mayor Dominick Pangallo

Director

Board

0

Mayor Jared Nicholson

Director

Board

0

Annie Harris

Director

Board

0

Ed O'Sullivan

Director

Board

0

Michael Harrington

Director

Board

0

Elizabeth O'Hara

Director

Board

0

Kurt T Steinberg Ed D

Director

Board

0

Michael Wheeler

Director

Board

0

David Morales

Director

Board

0

President William A Heineman EdD

Director

Board

0

Jo Broderick

Director

Board

0

President Brian Pellinen

Director

Board

0

Sue Howland

Director

Board

0

Details

EIN264232076
NTEE codeS41
Subsection06
Ruling date2013-09
Formed2008
Employees0
Volunteers14
NORTH SHORE ALLIANCE FOR ECONOMIC DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo