New England Council Inc
- Assets
- $14.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Boston, MA
- Founding
- 09/1942
- Data as of
- 12/2022
- EIN
- 04-1661090
Organization Overview
New England Council Inc is located in Boston, MA. The organization was established in 1942. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, New England Council Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, New England Council Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.3m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, New England Council Inc has awarded 13 individual grants totaling $109,070. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW ENGLAND COUNCIL IS AN ALLIANCE OF BUSINESSES, ACADEMIC AND HEALTH INSTITUTIONS, AND PUBLIC AND PRIVATE ORGANIZATIONS THROUGHOUT NEW ENGLAND, FORMED TO PROMOTE ECONOMIC GROWTH AND A HIGH QUALITY OF LIFE IN THE NEW ENGLAND REGION. THE COUNCIL IS DEDICATED TO IDENTIFYING AND SUPPORTING FEDERAL PUBLIC POLICIES AND ARTICULATING THE VOICE OF ITS MEMBERSHIP REGIONALLY AND NATIONALLY ON IMPORTANT ISSUES FACING NEW ENGLAND. THE NEW ENGLAND COUNCIL IS ALSO COMMITTED TO WORKING WITH PUBLIC AND PRIVATE SECTOR LEADERS ACROSS THE REGION AND IN WASHINGTON THROUGH EDUCATIONAL PROGRAMS AND FORUMS FOR INFORMATION EXCHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL'S MEMBERSHIP REPRESENTS OVER 600 BUSINESS AND ORGANIZATIONS. THE COUNCIL HELD OVER 50 PROGRAMS THROUGHOUT THE YEAR FOR MEMBERS TO PARTICIPATE IN, EITHER IN-PERSON OR VIRTUALLY. THESE PROGRAMS INCLUDED EVENTS WITH MEMBERS OF CONGRESS FROM ALL SIX NEW ENGLAND STATES AND BEYOND, GOVERNORS, FEDERAL AGENCY OFFICIALS, FOREIGN AMBASSADORS, AND EXPERTS FROM WITHIN OUR MEMBERSHIP. THE COUNCIL HOSTED TWO SIGNATURE ANNUAL EVENTS, OUR TWO-DAY WASHINGTON LEADERS' CONFERENCE IN WASHINGTON, DC, IN MAY, AND OUR ANNUAL CELEBRATION IN BOSTON IN NOVEMBER, DURING WHICH THE COUNCIL PRESENTED ITS NEW ENGLANDER OF THE YEAR AWARDS. THE COUNCIL ADVOCATED AT THE FEDERAL LEVEL ON A WIDE ARRAY OF POLICY ISSUES IMPACTING THE REGION'S ECONOMIC WELL-BEING, AND PUBLISHED REGULAR ELECTRONIC NEWSLETTERS AND POLICY UPDATES TO KEEP MEMBERS APPRISED OF COUNCIL ACTIVITY AND KEY DEVELOPMENTS IN CONGRESS AND THE FEDERAL GOVERNMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John T Hailer Chairman | OfficerTrustee | 1 | $0 |
James T Brett President/ceo | OfficerTrustee | 40 | $889,087 |
John W Stadtler Treasurer | OfficerTrustee | 1 | $0 |
Patricia Jacobs Vice Chair | OfficerTrustee | 1 | $0 |
Joseph Baerlein Director | Trustee | 1 | $0 |
Keli J Armstrong PHD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,401,899 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,401,899 |
| Total Program Service Revenue | $2,693,759 |
| Investment income | $63,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,159,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,569 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,441,009 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $986,539 |
| Pension plan accruals and contributions | $34,376 |
| Other employee benefits | $127,652 |
| Payroll taxes | $117,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $135,056 |
| Fees for services: Lobbying | $14,003 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $157,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $258,699 |
| Travel | $104,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,157 |
| Insurance | $0 |
| All other expenses | $15,041 |
| Total functional expenses | $4,299,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,650,639 |
| Savings and temporary cash investments | $1,461,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $487,795 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,113 |
| Net Land, buildings, and equipment | $25,047 |
| Investments—publicly traded securities | $4,250,504 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,472,913 |
| Total assets | $14,430,831 |
| Accounts payable and accrued expenses | $120,875 |
| Grants payable | $0 |
| Deferred revenue | $45,326 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,458,851 |
| Total liabilities | $3,625,052 |
| Net assets without donor restrictions | $10,606,537 |
| Net assets with donor restrictions | $199,242 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,430,831 |
Grants Awarded
Over the last fiscal year, New England Council Inc has awarded $15,070 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE AMERICAN IRELAND FUND PURPOSE: SUPPORT INITIATIVES FOR IRISH COMMUNITIES. | $10,000 |
WHITTIER STREET HEALTH CENTER PURPOSE: SUPPORT EQUITABLE ACCESS TO HIGH QUALITY PATIENT-FOCUSED CARE, SOCIAL JUSTICES AND ECONOMIC EQUITY. | $5,070 |