Plymouth Regional Economic Development Foundation Inc
- Assets
- $2.6m
- Revenue
- $454.4k
- Investments
- $2.3m
- Employees
- 0
- Location
- Plymouth, MA
- Founding
- 11/2002
- Data as of
- 06/2021
- EIN
- 04-3575807
Organization Overview
Plymouth Regional Economic Development Foundation Inc is located in Plymouth, MA. The organization was established in 2002. 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. Plymouth Regional 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 06/2021, Plymouth Regional Economic Development Foundation Inc generated $454.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $240.9k during the year ending 06/2021. While expenses have increased by 40.8% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Cole Economic Development Director | 35 | $119,563 | |
Edward Santos Director | 1 | $0 | |
William Hallisey President | 1 | $0 | |
Charles Wall Clerk Secretary | 1 | $0 | |
Kenneth Tavares Director | 1 | $0 | |
Jack Meehl Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $446 |
| Dividends & Interest | $54,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,752 |
| Capital Gain Net Income | $30,752 |
| Net ST Capital Gain | $235 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $369,078 |
| Total Revenue | $454,369 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $119,563 |
| Pension plans, employee benefits | $15,708 |
| Interest | $183 |
| Taxes | $10,572 |
| Depreciation | $0 |
| Occupancy | $21,600 |
| Travel, conferences, and meetings | $340 |
| Printing and publications | $821 |
| Other expenses | $69,907 |
| Total operating and administrative expenses | $240,894 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $240,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,760 |
| Savings and temporary cash investments | $208,681 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,926 |
| Total assets | $2,563,575 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,039 |
| Total liabilities | $1,039 |
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 |