Edc 413works Inc
- Assets
- $309.3k
- Revenue
- $336.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1491313
Organization Overview
Edc 413works Inc is located in Springfield, MA. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Edc 413works 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 12/2022, Edc 413works Inc generated $336.0k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE QUALITY OF LIFE IN WESTERN MASSACHUSETTS BY PROMOTING ECONOMIC OPPORTUNITY AND GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST THE ECONOMIC DEVELOPMENT COUNCIL OF MA WITH ITS WORKING CITIES PROGRAM THE GOAL OF WHICH IS TO INCREASE THE LABOR FORCE PARTICIPATION OF VARIOUS CITIES IN WESTERN MASSACHUSETTS. THE PROGRAM AIMS TO IMPROVE WORKFORCE SYSTEMS, CREATE NEW FRAMEWORKS TO GUIDE THE WORKFORCE SYSTEM, INFLUENCE EMPLOYER HIRING AND WORKER ADVANCEMENT PRACTICES, AND IMPROVE THE EFFECTIVENESS OF TRAINERS WORKING TO ENHANCE THE SKILLS OF LOW-INCOME JOB SEEKERS. PROGRAM ACTIVITIES ARE AIMED AT HELPING LOCAL BUSINESSES TO BUILD ECONOMIC EQUITY, HIRE AND PROMOTE RESIDENTS FROM CDBG NEIGHBORHOODS IN HOLYOKE AND SPRINGFIELD AND CREATE BUSINESS OPPORTUNITIES FOR LOCAL, DIVERSE VENDORS.
ANCHOR COLLABORATIVE- EDC 413WORKS HAS PARTNERED WITH BAYSTATE HEALTH SYSTEM, WHICH IS ALSO A 501(C)(3) ORGANIZATION TO INCREASE LOCAL PROCUREMENT OPPORTUNITIES FOR WOMEN AND MINORITY OWNED BUSINESSES AND TO PROPEL HIRING AND CAREER PATHWAYS FOR MINORITY AND LOW INCOME POPULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Canavan President | OfficerTrustee | 1 | $0 |
Keith Nesbitt Treasurer | OfficerTrustee | 1 | $0 |
Anne Kandilis Clerk / Executive Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,400 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $336,025 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,874 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $287 |
| 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 | $0 |
| Insurance | $765 |
| All other expenses | $522 |
| Total functional expenses | $244,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,186 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $123 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $309,309 |
| Accounts payable and accrued expenses | $8,587 |
| Grants payable | $0 |
| Deferred revenue | $62,099 |
| 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 | $67,099 |
| Total liabilities | $137,785 |
| Net assets without donor restrictions | $171,524 |
| 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 | $309,309 |