Massachusetts Alliance For Economic Development Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043172007 ✦ Watertown, MA ✦ Designated as a 501(c)(6)

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Overview

What is Massachusetts Alliance For Economic Development Inc?

Massachusetts Alliance For Economic Development Inc, situated in Watertown, Massachusetts, is a nonprofit organization with a focus on promoting business growth and job creation within the state. They accomplish this by offering information services to companies considering expansion or relocation within Massachusetts. Their primary mission involves supporting the retention and expansion of existing businesses, thereby contributing to the state's economic base. With a team of only 4 employees, they provide essential programs and services that contribute to the success of businesses in Massachusetts.


Official website here: www.massecon.com

Is Massachusetts Alliance For Economic Development Inc legitimate?

Massachusetts Alliance For Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Alliance For Economic Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $176,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,291

For more financial information, click here


Official website here: www.massecon.com

What is the mission statement of Massachusetts Alliance For Economic Development Inc?

Massachusetts Alliance for Economic Development Inc. is committed to providing programs and services aimed at supporting the retention and growth of businesses and job opportunities within the state. Their mission is to act as a resource, offering information services to companies considering expanding in or relocating to Massachusetts. This initiative ultimately contributes to increased job creation and strengthens the local economic base.


Official website here: www.massecon.com

Who is the CEO of Massachusetts Alliance For Economic Development Inc?

Peter Abair is the Chairman of Massachusetts Alliance For Economic Development Inc.


Official website here: www.massecon.com

What is the revenue of Massachusetts Alliance For Economic Development Inc?

Massachusetts Alliance For Economic Development Inc's revenue in 2022 was $610,661.


Official website here: www.massecon.com

Who are the executives of Massachusetts Alliance For Economic Development Inc and what are their salaries?

The average compensation at Massachusetts Alliance For Economic Development Inc during 2022 was $92,472. There are 4 employees at Massachusetts Alliance For Economic Development Inc.


Here are 31 key members and their salaries:


Denise Mcgeough (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Sullivan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Scott (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geoff Howell (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorrian Cohen Fragola (Assistant Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephan Flavin (Immediate Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Begelfer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Rivera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Digiano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tiffany Gallo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Hollworth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Houllahan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Liss (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taidgh Mcclory (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Landry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Steele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Strunkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Platzman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Timilty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Vedovelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Buscone (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Conroy (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Pomponio (Former Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Abair (Executive Director)
  • Compensation: $176,597
  • Related: $0
  • Other: $0
Douglas Kehlhem (Senior Director)
  • Compensation: $111,195
  • Related: $0
  • Other: $0


Official website here: www.massecon.com

Where can I find the form 990 for Massachusetts Alliance For Economic Development Inc?

Massachusetts Alliance For Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.massecon.com

Learn more at the official website: www.massecon.com

Mission Statement of Massachusetts Alliance For Economic Development Inc

Massachusetts Alliance for Economic Development Inc is an organization committed to providing programs and services that support the retention and growth of businesses and jobs within Massachusetts. This mission is carried out through various information services, aimed at companies considering expansion or relocation within the state. By doing so, the organization contributes to job creation and strengthens the local economy. The ultimate goal of Massachusetts Alliance for Economic Development Inc is to promote Massachusetts as an attractive business destination, thereby fostering its economic base.

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Impact




October, 2024

Massachusetts Alliance for Economic Development Inc significantly impacts the state's economy by supporting the retention and growth of businesses and jobs. Through a range of targeted programs and services, it aids companies in their efforts to expand or relocate within Massachusetts. The organization focuses on marketing the state as a prime business destination, providing essential information and resources that enhance job creation and strengthen the economic base. This commitment to fostering a robust business environment not only contributes to community improvement but also ensures sustainable economic development across the region.




This information is meant to be a general summary of Massachusetts Alliance For Economic Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$610,661 (2022)
Expenses
$677,852 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $93
  • Program Service Revenue: $156,578
  • Gross Receipts: $610,661

Assets and Liabilities:

  • Total Assets: $473,460
  • Total Liabilities: $59,818
  • Net Assets: $413,642

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EVENTS

Revenue

$156,578

Organization Details

Founding Year

1993

Principal Officer

Peter Abair

Main Address

101 WALNUT STREET, WATERTOWN, MA, 02472

NTEE Category

Code: S40 - Community improvement

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