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NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC
NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC
NEW BEDFORD, MA, US
•
501(c)(3)
•
EIN
04-3244024
•
WWW.NBEDC.ORG
•
•
BIPOC Led
NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC
NEW BEDFORD, MA, US
•
501(c)(3)
•
EIN
04-3244024
•
WWW.NBEDC.ORG
•
•
BIPOC Led
Overview
Programs
990s
Income Statement
Balance Sheet
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Funding
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Grants Received
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Grants Given
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Income Statement
Fiscal Year: 2024
Revenues in
2024
$3,626,061
Government Grants
77%
Contributions
16%
Program Services
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in
2024
$3,547,853
Grants
41%
Salaries & Benefits
28%
Fees to Service Providers
23%
Other
6%
Offices, Occupancy & IT
2%
Interest
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$397,772
$568,709
+43%
Government Grants
$2,727,470
$2,796,893
+3%
Fundraising Events
$0
$0
-
Program Services
$246,743
$250,380
+1%
Membership Dues
$0
$0
-
Investments
$11,475
$10,079
-12%
Other
$0
$0
-
Total Revenues
$3,383,460
$3,626,061
+7%
Expenses
2023
2024
Change
Grants
$1,347,290
$1,450,840
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$836,070
$985,464
+18%
Fees to Service Providers
$84,434
$825,922
+878%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$93,442
$74,041
-21%
Interest
$3,961
$8,854
+124%
Depreciation
$5,976
$4,542
-24%
Other
$1,928,010
$198,190
-90%
Total Expenses
$4,299,183
$3,547,853
-17%
Net income
2023
2024
Change
Net income
-$915,723
+$78,208
-109%
Functional Expenses
Summary
2023
2024
Change
Program
$3,011,149
$3,348,148
+11%
Admin
$1,288,034
$199,705
-84%
Fundraising
$0
$0
-
Total Expenses
$4,299,183
$3,547,853
-17%
Income Statement