Public Charity

NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC

Based in NEW BEDFORD, MA, NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC operates as a Public Charity. The organization reported $2.7M in revenue, $2.4M in expenses, $7.1M in total assets for fiscal year 2025. Imperigo tracks 8 reported grant relationships connected to this organization totaling approximately $143K.

EIN: 043244024 NEW BEDFORD, MA Government & Public Administration NTEE: W20 Latest filing: 2025
Total Revenue$2.7M
Total Expenses$2.4M
Total Assets$7.1M
Grant Records8
Funding Total$143K
Filing Years2021–2025

Mission

TO CULTIVATE AND PROMOTE A TRANSPARENT, CREDIBLE, AND BUSINESS-FRIENDLY ENVIRONMENT, THE NBEDC WORKS COLLABORATIVELY WITH LOCAL, STATE, AND FEDERAL PARTNERS TO SUPPORT CREATIVITY, SUSTAINABLE GROWTH, AND PRIVATE SECTOR INVESTMENT BENEFITING THE CITIZENS OF NEW BEDFORD.

Where $100 goes at New Bedford Economic Development Council Inc

How New Bedford Economic Development Council Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$85 Programs the work itself
$15 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $85 for programs

$85
The council is a nonprofit organization, organized to promote, create and strengthen economic development opportunities and a business-friendly environment in the city of New Bedford, massachusetts (the city)
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Anthony R Sapienza
CLERK Carol Pimentel
DIRECTOR David Mccready
TREASURER David Slutz
ACCOUNTANT Deborah A Trombly
EXECUTIVE DIRECTOR Derek Santos

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$63,500 1 grant
General Support
$54,763 6 grants
Research & Policy
$25,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.7M $2.4M $7.1M
2024 $3.6M $3.5M $5.7M
2023 $3.4M $4.3M $5.6M
2022 $2.9M $2.0M $6.3M
2021 $2.4M $1.8M $5.0M

Between 2021 and 2025, reported annual revenue grew from $2.4M to $2.7M (+11%), with total assets most recently reported at $7.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NEW BEDFORD ECONOMIC DEVELOPMENT COUNCIL INC

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