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 $3.6M in revenue, $3.5M in expenses, $5.7M in total assets for fiscal year 2024. Imperigo tracks 8 reported grant relationships connected to this organization totaling approximately $143K.

EIN: 043244024 NEW BEDFORD, MA Latest filing: 2024
Total Revenue$3.6M
Total Expenses$3.5M
Total Assets$5.7M
Grant Records8
Funding Total$143K
Filing Years2020–2024

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.

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

THE NEW BEDFORD CHILDREN'S TEACHER LIBRARY
$63,500 1 grant
CITY INNOVATION ECOSYSTEMS PROGRAM
$25,000 1 grant
GENERAL SUPPORT
$20,000 2 grants
SUPPORT SERVICES
$15,000 1 grant
UNRESTRICTED
$9,763 1 grant

Financial Trends

Year Revenue Expenses Assets
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
2020 $1.3M $1.3M $4.4M

Between 2020 and 2024, reported annual revenue grew from $1.3M to $3.6M (+185%), with total assets most recently reported at $5.7M.

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

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