Form 990 for tax year 2025
Filed by SOUTH SHORE ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $215,241
- Total expenses
- $272,036
- Contributions and grants received
- $210,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,241
- Other revenue
- $0
- Total assets, end of year
- $172,900
- Total liabilities, end of year
- $35,000
- Net assets or fund balances, end of year
- $137,900
- Program services expenses (Part IX)
- $187,271
- Management and general expenses
- $24,565
- Fundraising expenses
- $60,200
- Program service expenses (Part III)
- $187,271
Program services were 68.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$130,000
-
1f · All other contributions, gifts and grants
$80,000
-
3 · Investment income
total $3,563 · excluded $3,563
-
7a · Gross sales of assets other than inventory
securities $26,992
-
7b · Less cost or other basis and sales expenses
securities $25,314
-
7c · Gain or loss
securities $1,678
-
7d · Net gain or loss
total $1,678 · excluded $1,678
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $162,500 · program services $86,900 · management and general $15,400 · fundraising $60,200
-
11c · Fees: accounting
total $6,000 · management and general $6,000
-
11f · Fees: investment management
total $1,285 · management and general $1,285
-
13 · Office expenses
total $1,579 · management and general $1,579
-
24a · Other expenses: LOCAL & REGIONAL INITIA
total $100,371 · program services $100,371
-
24b · Other expenses: CREDIT CARD PROCESSING
total $301 · management and general $301
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $129,623 · end of year $3,297
-
2 · Savings and temporary cash investments
beginning of year $56,418 · end of year $43,872
-
11 · Investments: publicly traded securities
beginning of year $54,494 · end of year $125,731
-
25 · Other liabilities
beginning of year $27,000 · end of year $35,000
-
27 · Net assets without donor restrictions
beginning of year $213,535 · end of year $137,900
Mission and programs · 2025
Mission
THE ORGANIZATION WORKS CLOSELY WITH THE SOUTH SHORE CHAMBER OF COMMERCE, A RELATED PARTY TO PROMOTE A STRONGER REGIONAL ECONOMY AND TO PROMOTE COMMUNITY DEVELOPMENT FOR SUSTAINABLE GROWTH.
Activities or mission (Part I)
TO PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER SOUTH SHORE OF MASSACHUSETTS.
-
TO PROMOTE ECONOMIC DEVELOPMENT AND SUSTAINABLE COMMUNITY GROWTH IN THE GREATER SOUTH SHORE OF MASSACHUSETTS.
Expenses $187,271
As filed on the 2025 return.
Listed in Part VII
-
DAVID ELLIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
DARLENE HOLLYWOOD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
APRIL ANDERSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JUDI BARRETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RYAN BRISTOL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF CHARNEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH CARROLL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GABE CROCKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL BULMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DANI DEMARCO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK FLAHERTY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DEAN HILDRETH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KIM KROHA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY KELLEHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
NICHOLE LANGLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PATRICE MAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL MURPHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK OLIVIERI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN PICARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BOB RUZZO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SAUL SCHRADER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BOB TERRAVECCHIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICK WELCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TIMOTHY CAHILL
PRESIDENT
- Total calculated
- $206,931
- From this org
- $0
- From related orgs
- $203,462
- Other
- $3,469
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $203,462 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $3,469 related
- Filer's total
- $0 + $206,931 related
-
JILL DONOVAN
CHAMBER DIRECTOR OF DEVELO
- Total calculated
- $141,735
- From this org
- $0
- From related orgs
- $110,006
- Other
- $31,729
- Hours/week
- 20 + 20 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART 1, QUESTION 3:
- TIMOTHY CAHILL'S COMPENSATION IS PAID BY A RELATED PARTY, THE SOUTH SHORE CHAMBER OF COMMERCE. HIS COMPENSATION IS APPROVED BY THE BOARD AND COMPENSATION COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SOUTH SHORE CHAMBER OF COMMERCE INC
501(C)6 · PROMOTE EXPANSION AND GROWTH OF BUSINESS IN SOUTH SHORE MASSACHUSETTS · MA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 7 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202612399349300126
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