Massachusetts Economic Development Foundation Inc
- Assets
- $42.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 10/1999
- Data as of
- 06/2022
- EIN
- 04-3451191
Organization Overview
Massachusetts Economic Development Foundation Inc is located in Watertown, MA. The organization was established in 1999. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Economic Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Massachusetts Economic Development Foundation Inc generated $31.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $32.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION MARKETS MASSACHUSETTS AS A PLACE TO DO BUSINESS, HOSTS EDUCATIONAL PROGRAMS RELATING TO THE ECONOMY AND PROVIDES SERVICES THAT ENHANCE JOB CREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Flavin Chairman | 1 | $0 | |
Michael Scott Clerk | 1 | $0 | |
Denise Mcgeough Vice Chair | 1 | $0 | |
Bonnie Sullivan Treasurer | 1 | $0 | |
Peter Abair Executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,410 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,410 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,158 |
| Total expenses | $32,158 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,795 |
| Other assets | $0 |
| Total assets | $42,060 |
| Total liabilities | $31,302 |
| Net assets or fund balances | $10,758 |