Greater New Bedford Industrial Foundation Deltast
- Assets
- $520.4k
- Revenue
- $85.9k
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 07/1957
- Data as of
- 08/2021
- EIN
- 04-2186191
Organization Overview
Greater New Bedford Industrial Foundation Deltast is located in New Bedford, MA. The organization was established in 1957. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater New Bedford Industrial Foundation Deltast 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 08/2021, Greater New Bedford Industrial Foundation Deltast generated $85.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $160.1k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INDUSTRIAL DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS ARE NON-PROFIT 501(C)3 ENTITIES DEDICATED TO BRINGING JOBS TO NEW BEDFORD AND DARTMOUTH AND FOCUSED ON FACILITATING THE DEVELOPMENT AND EXPANSION OF BUSINESSES AND THE CREATION OF JOBS WITHIN THE NEW BEDFORD BUSINESS PARK, MANAGING AND IMPROVING THE PARK AND ACTING AS AN ADVOCATE FOR TENANTS OF THE NEW BEDFORD BUSINESS PARK.
THE FOUNDATIONS ARE NON-PROFIT 501(C)3 ENTITIES DEDICATED TO BRINGING JOBS TO NEW BEDFORD AND DARTMOUTH AND FOCUSED ON FACILITATING THE DEVELOPMENT AND EXPANSION OF BUSINESSES AND THE CREATION OF JOBS WITHIN THE NEW BEDFORD BUSINESS PARK, MANAGING AND IMPROVING THE PARK AND ACTING AS AN ADVOCATE FOR TENANTS OF THE NEW BEDFORD BUSINESS PARK.
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 |
|---|---|---|---|
Jeff Vancura Treasurer | OfficerTrustee | 1.2 | $0 |
David Cabral Vice Chair | OfficerTrustee | 0.3 | $0 |
Elizabeth Isherwood Chairman | OfficerTrustee | 2.25 | $0 |
Robert B Mitchell Secretary | OfficerTrustee | 0.35 | $0 |
Melvyn A Holland Chairman Emeritus | Trustee | 0.1 | $0 |
Raymond L Cebula Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $85,418 |
| Investment income | $455 |
| 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 | $85,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $6,968 |
| Fees for services: Accounting | $7,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,516 |
| Advertising and promotion | $0 |
| Office expenses | $497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,118 |
| Insurance | $4,344 |
| All other expenses | $69,882 |
| Total functional expenses | $160,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,111 |
| Savings and temporary cash investments | $210,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,166 |
| Prepaid expenses and deferred charges | $31,544 |
| Net Land, buildings, and equipment | $17,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,815 |
| Total assets | $520,448 |
| Accounts payable and accrued expenses | $10,566 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $10,566 |
| Net assets without donor restrictions | $509,882 |
| Net assets with donor restrictions | $0 |
| 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 | $520,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Connecticut Economic Resource New Haven, CT | $3,997,158 | $4,805,353 |