Merrimack Valley Economic Development Corporation

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

EIN: 043210262 ✦ Haverhill, MA ✦ Designated as a 501(c)(4)

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Overview

What is Merrimack Valley Economic Development Corporation?

The Merrimack Valley Economic Development Corporation, situated in Haverhill, Massachusetts, is a nonprofit organization committed to fostering regional economic growth. They achieve this by distributing revolving loan funds, which in turn stimulate economic expansion within the region. Their mission is to encourage local business development and contribute to the overall economic prosperity of the area.

Is Merrimack Valley Economic Development Corporation legitimate?

Merrimack Valley Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Merrimack Valley Economic Development Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Merrimack Valley Economic Development Corporation?

The Merrimack Valley Economic Development Corporation's mission is focused on fostering regional economic development. They accomplish this by distributing revolving loan funds, which in turn stimulates economic growth. This organization aims to contribute positively to the local economy, without providing specific details about its location.

Who is the CEO of Merrimack Valley Economic Development Corporation?

James Barnes is the Director of Merrimack Valley Economic Development Corporation.

What is the revenue of Merrimack Valley Economic Development Corporation?

Merrimack Valley Economic Development Corporation's revenue in 2023 was $136,514.

Who are the executives of Merrimack Valley Economic Development Corporation and what are their salaries?


Here are 17 key members and their salaries:


Thomas Abisalih (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Barnes (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Byers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Cashell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Colwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Doggett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Laplante (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Lindburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Mccarthy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Murphey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annie Schindler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Schwarz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Snow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Taintor (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martha Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerrard Whitten (Executive Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Merrimack Valley Economic Development Corporation?

Merrimack Valley Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Merrimack Valley Economic Development Corporation

Merrimack Valley Economic Development Corporation, abbreviated as MVEDC, is dedicated to fostering regional economic growth. This nonprofit organization achieves this mission by distributing revolving loan funds. These funds serve as a catalyst for economic stimulation, contributing to the overall development of the region. By providing these financial resources, MVEDC plays a crucial role in encouraging and supporting local businesses, ultimately contributing to a stronger and more prosperous economy.

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Impact




October, 2024

Merrimack Valley Economic Development Corporation stimulates regional economic growth in Haverhill, MA, by distributing revolving loan funds. These funds serve as a crucial financial resource for local businesses, allowing them to expand, innovate, and create jobs. By fostering a supportive economic environment, the organization plays a pivotal role in enhancing community development and improving the overall economic landscape of the Merrimack Valley region. Its efforts contribute to a more vibrant local economy, ultimately benefiting residents and businesses alike.




This information is meant to be a general summary of Merrimack Valley Economic Development Corporation. 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
$136,514 (2023)
Expenses
$134,648 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $133,590
  • Gross Receipts: $138,734

Assets and Liabilities:

  • Total Assets: $760,248
  • Total Liabilities: $74,401
  • Net Assets: $685,847

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Programs

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

PROGRAM SERVICE REVENUE

Revenue

$133,590

Organization Details

Founding Year

1993

Principal Officer

James Barnes

Main Address

160 MAIN STREET, HAVERHILL, MA, 018305000

NTEE Category

Code: S30 - Community improvement

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