Overview

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Est.

1998

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The New Bedford Economic Development Council Inc, identified by EIN 04-3244024, is a nonprofit organization dedicated to fostering business growth, enhancing employment opportunities, and promoting economic development in the Greater New Bedford area. With an operating budget of $2.1 million and total revenue of $3.6 million for the 2024 filing year, the organization focuses on public administration, community and economic development, as well as arts and culture. The Council does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit their website at www.nbedc.org.

Mission Statement

TO FOSTER BUSINESS GROWTH, GREATER EMPLOYMENT AND ECONOMIC DEVELOPMENT IN THE GREATER NEW BEDFORD AREA.
Revenues
$3.6M
Expenses
$3.5M
Net Income:
+$78.2K
Assets
$5.7M
Liabilities
$889.3K
Net Assets:
+$4.9M
Operating Budget
$2.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$10.5K
Largest grant received
$11K
M
Margo Saulnier
Employee
M
Marianella Perry
Employee
H
Hendrick Hernandez-Resto
Employee

Frequently Asked Questions

What is NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC’s budget?
In 2024, NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC reported an annual operating budget of around $2.1 million. More detailed financial information is available to registered users.
What causes does NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC support?
NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC supports work in Arts and culture, Community and economic development, and Public administration.
Where does NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC operate?
NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC is headquartered in NEW BEDFORD, MA.
Who funded NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC recently?
In 2024, NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC received grants from THE SCHMIDT FAMILY FOUNDATION, THE BLACKBAUD GIVING FUND, and BRISTOL COUNTY SAVINGS CHARITABLE FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC received in 2024?
The largest grant to NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC in 2024 exceeds $11 thousand.
What is NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC’s reliance on government grants?
NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC relied on government grants for more than 75% of their total revenue in 2024.