Overview
What is Economic Development Council Of Western Massachusetts Inc?
The Economic Development Council of Western Massachusetts Inc, located at 1441 Main Street, Springfield, MA 01103, is a dedicated nonprofit organization that plays a significant role in promoting regional economic development. With a team of 75 employees, they collaborate with other business development groups to facilitate economic growth activities. Their primary mission is to stimulate and support a robust regional economy, encouraging and maintaining capital investment and the creation of quality job opportunities. By providing staffing and other support services, the Economic Development Council of Western Massachusetts Inc acts as a catalyst for sustainable growth in the western region of Massachusetts.
Official website here: www.westernmassedc.com
Is Economic Development Council Of Western Massachusetts Inc legitimate?
Economic Development Council Of Western Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Economic Development Council Of Western Massachusetts 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: $510,982
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,653,025
For more financial information, click here
Official website here: www.westernmassedc.com
What is the mission statement of Economic Development Council Of Western Massachusetts Inc?
The Economic Development Council of Western Massachusetts Inc has a mission to stimulate and facilitate a robust regional economy. This is achieved by encouraging and sustaining capital investment and fostering quality job growth. The organization plays a crucial role in coordinating economic development activities with other business development groups, providing them with necessary staffing and support services. Their goal is to contribute significantly to the economic growth of the region, ensuring a thriving and prosperous community.
Official website here: www.westernmassedc.com
Who is the CEO of Economic Development Council Of Western Massachusetts Inc?
Richard Sullivan is the CEO of Economic Development Council Of Western Massachusetts Inc The CEO's salary of Economic Development Council Of Western Massachusetts Inc is $389,429 and their total compensation is $427,129.
Official website here: www.westernmassedc.com
What is the revenue of Economic Development Council Of Western Massachusetts Inc?
Economic Development Council Of Western Massachusetts Inc's revenue in 2023 was $4,185,047.
Official website here: www.westernmassedc.com
Who are the executives of Economic Development Council Of Western Massachusetts Inc and what are their salaries?
The average compensation at Economic Development Council Of Western Massachusetts Inc during 2023 was $54,552. There are 58 employees and 35 volunteers at Economic Development Council Of Western Massachusetts Inc.
Here are 44 key members and their salaries (Economic Development Council Of Western Massachusetts Inc's CEO's salary is $389,429 and their total compensation is $427,129):
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Official website here: www.westernmassedc.com
Where can I find the form 990 for Economic Development Council Of Western Massachusetts Inc?
Economic Development Council Of Western Massachusetts Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.westernmassedc.com
Learn more at the official website: www.westernmassedc.com
Mission Statement of Economic Development Council Of Western Massachusetts Inc
The Economic Development Council of Western Massachusetts Inc is committed to fostering a robust regional economy. Its mission is twofold: firstly, to stimulate economic growth by attracting and sustaining capital investment, and secondly, to promote the creation of quality job opportunities. The organization achieves this by coordinating its economic development activities with other business development groups. It provides essential staffing and support services to facilitate these activities, thereby contributing to the overall economic vitality of the region.
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Impact
October, 2024
The Economic Development Council of Western Massachusetts Inc plays a crucial role in enhancing the regional economy by coordinating efforts among various business development groups. Through staffing and support services, it fosters collaboration that stimulates economic growth. Its mission focuses on encouraging capital investment and creating quality job opportunities, which is vital for the region's prosperity.
By actively promoting a vigorous regional economy, the organization helps to attract new businesses, retain existing ones, and create a more robust job market. This multifaceted approach leads to improved community well-being and sustainable economic advancement, benefiting both businesses and residents in Springfield and the larger Western Massachusetts area. Through its initiatives, the council contributes significantly to community improvement and the overall economic landscape of the region.
This information is meant to be a general summary of Economic Development Council Of Western Massachusetts 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,520
- Program Service Revenue: $3,782,062
- Gross Receipts: $4,371,502
Assets and Liabilities:
- Total Assets: $1,875,666
- Total Liabilities: $1,355,234
- Net Assets: $520,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICE REV.
Revenue
$2,975,107
MEMBERSHIP DUES
Revenue
$669,600
PAYROLL PROCESSING
Revenue
$74,827
OTHER EVENTS
Revenue
$62,528
Organization Details
Founding Year
1994
Principal Officer
Richard Sullivan
Website
www.westernmassedc.comNTEE Category
Code: S30 - Community improvement
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