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Nonprofiteer
← GREATER NEW BEDFORD INDUSTRIAL FOUNDATION DELTAST

Form 990 for tax year 2023

Filed by GREATER NEW BEDFORD INDUSTRIAL FOUNDATION DELTAST.

Totals

Total revenue
$101,449
Total expenses
$126,956
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$84,795
Investment income
$16,654
Other revenue
$0
Total assets, end of year
$698,998
Total liabilities, end of year
$4,699
Net assets or fund balances, end of year
$694,299
Program services expenses (Part IX)
$121,887
Management and general expenses
$5,069
Fundraising expenses
$0
Program service expenses (Part III)
$121,887

Program services were 96.0% 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.

  • 2a · Program service revenue: Park security and maint

    total $84,795 · related or exempt $84,795

  • 3 · Investment income

    total $16,654 · related or exempt $16,654

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $50,000 · program services $50,000

  • 11c · Fees: accounting

    total $475 · management and general $475

  • 13 · Office expenses

    total $809 · management and general $809

  • 19 · Conferences, conventions and meetings

    total $1,567 · management and general $1,567

  • 22 · Depreciation, depletion and amortization

    total $2,453 · program services $2,453

  • 23 · Insurance

    total $4,217 · program services $1,999 · management and general $2,218

  • 24a · Other expenses: Park maintenance

    total $67,435 · program services $67,435

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,719 · end of year $33,742

  • 2 · Savings and temporary cash investments

    beginning of year $818,737 · end of year $624,681

  • 4 · Accounts receivable

    beginning of year $13,025 · end of year $12,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,985 · end of year $2,244

  • 10a · Land, buildings and equipment: cost or other basis

    $71,341

  • 10b · Land, buildings and equipment: accumulated depreciation

    $45,410

  • 10c · Land, buildings and equipment, net

    beginning of year $28,384 · end of year $25,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,044 · end of year $4,699

  • 18 · Grants payable

    beginning of year $145,000

  • 27 · Net assets without donor restrictions

    beginning of year $719,806 · end of year $694,299

Mission and programs · 2023

Mission

Dedicated to bringing jobs to New Bedford and Dartmouth and focused on facilitating the development and expansion of businesses and the creation of jobs within the New Bedford Business Park, managing and improving the park and acting as an advocate for its tenants.

  • Dedicated to bringing jobs to New Bedford and Dartmouth and focused on facilitating the development and expansion of businesses and the creation of jobs within the New Bedford Business Park, managing and improving the park and acting as an advocate for tenants of the New Bedford Business Park.

    Expenses $121,887 · Revenue $84,795

As filed on the 2023 return.

Listed in Part VII

  • Stephen Neuger

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Kevin Carando

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Stephanie Poyant-Moran

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Jeffrey Pagliuca

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Peter Anthony

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • David Cabral

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Elizabeth Isherwood

    Chairman

    Total calculated
    $0
    Hours/week
    2.25 + 2.25 related

  • Michael Tavares

    Secretary

    Total calculated
    $0
    Hours/week
    0.35 + 0.35 related

  • Jeff Vancura

    Treasurer

    Total calculated
    $0
    Hours/week
    1.2 + 1.2 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 May 2026
IRS schema version
2023v6.0
Source object
202641559349301064

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