Totals
- Total revenue
- $721,224
- Total expenses
- $838,840
- Contributions and grants received
- $346,802
- Grants paid
- $0
- Program service revenue
- $374,251
- Investment income
- $171
- Other revenue
- $0
- Total assets, end of year
- $344,106
- Total liabilities, end of year
- $60,619
- Net assets or fund balances, end of year
- $283,487
- Program services expenses (Part IX)
- $652,390
- Management and general expenses
- $86,903
- Fundraising expenses
- $99,547
- Program service expenses (Part III)
- $652,390
Program services were 77.8% 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.
-
1b · Membership dues
$71,150
-
1e · Government grants (contributions)
$203,612
-
1f · All other contributions, gifts and grants
$72,040
-
2a · Program service revenue: Community development
total $327,000 · related or exempt $327,000
-
2b · Program service revenue: Conferences and events
total $47,251 · related or exempt $47,251
-
3 · Investment income
total $171 · related or exempt $171
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $142,289 · program services $69,639 · management and general $36,325 · fundraising $36,325
-
7 · Other salaries and wages
total $116,706 · program services $73,947 · fundraising $42,759
-
8 · Pension plan contributions
total $7,054 · program services $3,911 · management and general $405 · fundraising $2,738
-
9 · Other employee benefits
total $24,666 · program services $13,675 · management and general $1,614 · fundraising $9,377
-
10 · Payroll taxes
total $21,729 · program services $12,046 · management and general $1,335 · fundraising $8,348
-
11c · Fees: accounting
total $28,575 · management and general $28,575
-
11g · Fees: other
total $36,238 · program services $31,766 · management and general $4,472
-
12 · Advertising and promotion
total $3,140 · program services $2,931 · management and general $209
-
13 · Office expenses
total $12,644 · program services $7,535 · management and general $5,109
-
14 · Information technology
total $1,921 · management and general $1,921
-
16 · Occupancy
total $1,553 · management and general $1,553
-
17 · Travel
total $48,976 · program services $48,875 · management and general $101
-
20 · Interest
total $271 · management and general $271
-
23 · Insurance
total $2,201 · program services $1,651 · management and general $550
-
24a · Other expenses: Community development outrch
total $206,389 · program services $206,389
-
24b · Other expenses: Conference expense
total $178,078 · program services $178,078
-
24c · Other expenses: Payroll processing
total $1,381 · program services $1,070 · management and general $311
-
24d · Other expenses: Supplies
total $5,029 · program services $877 · management and general $4,152
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $443,036 · end of year $279,278
-
3 · Pledges and grants receivable
end of year $41,314
-
4 · Accounts receivable
beginning of year $1,100 · end of year $19,463
-
7 · Other notes and loans receivable
end of year $2,292
-
9 · Prepaid expenses and deferred charges
beginning of year $1,784 · end of year $1,759
-
17 · Accounts payable and accrued expenses
beginning of year $44,817 · end of year $60,619
-
27 · Net assets without donor restrictions
beginning of year $401,103 · end of year $263,487
-
28 · Net assets with donor restrictions
end of year $20,000
Mission and programs · 2023
Mission
To establish New Bedford as the leading ocean economy on the East Coast
-
The Organizaton works collaboratively with a range of privte sector, public sector, and academic partners to establish New Bedford as the leading ocean economy on the East Coast. Ocean economy encompasses ocean-based industries and the oceans ecosystems.
Expenses $652,390 · Revenue $374,251
As filed on the 2023 return.
Listed in Part VII
-
Jennifer Downing
Executive Director
- Total calculated
- $161,996
- From this org
- $142,289
- From related orgs
- $0
- Other
- $19,707
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,289
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $19,707
- Filer's total
- $161,996
-
Cassie Canastra
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mandi Costa
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthony R Sapienza
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin Rose
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Liz Wiley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel Pachter
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gordon Carr
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John Quinn
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dale Leavitt
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher Rezendes
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott Lima
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael Quinn
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John Bullard
President
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer J Menard
Treasurer and Clerk
- Total calculated
- $0
- Hours/week
- 1
-
Edward Anthes-Washburn
Vice President
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500379349301425
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.