ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC
Pub 78

ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC
Pub 78

Springfield, MA, US
501(c)
EIN
04-3237124
Regional Funder

ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC
Pub 78

Springfield, MA, US
501(c)
EIN
04-3237124
Regional Funder

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$1,800,175

Cash & Equivalents
46%
Other Assets
38%
Receivables (Non-Related)
15%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)

$1,248,870

Other Liabilities
65%
Deferred Revenue
22%
Payables & Accruals
14%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,089,252
$824,046
-24%
Receivables (Non-Related)
$137,879
$263,218
+91%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$4,639
$20,093
+333%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,618
$3,367
-7%
Other Assets
$456,213
$689,451
+51%
Total Assets
$1,691,601
$1,800,175
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$150,904
$168,606
+12%
Grants Payable
-
-
-
Deferred Revenue
$423,011
$269,976
-36%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$598,841
$810,288
+35%
Total Liabilities
$1,172,756
$1,248,870
+6%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$518,845
$551,305
+6%
Net assets
2023
2024
Change
Net assets
+$518,845
+$551,305
+6%
Balance Sheet
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)