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Massachusetts Economic Development Foundation Inc

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

EIN: 043451191 ✦ Watertown, MA ✦ Designated as a 501(c)(3)

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Overview

What is Massachusetts Economic Development Foundation Inc?

The Massachusetts Economic Development Foundation is a nonprofit organization committed to fostering economic growth and awareness in Massachusetts. Their primary focus is promoting the state as an ideal business destination, achieving this through various marketing strategies and initiatives. They also organize educational programs centered around economic matters, aiming to educate the community. In addition to these efforts, they offer services that contribute to job creation, further bolstering the state's economic development.


Official website here: www.massecon.com

Is Massachusetts Economic Development Foundation Inc legitimate?

Massachusetts Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Economic Development Foundation Inc submitted a form 990EZ, 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.


Official website here: www.massecon.com

What is the mission statement of Massachusetts Economic Development Foundation Inc?

The Massachusetts Economic Development Foundation serves to promote and educate the community about economic development in Massachusetts. It actively markets the state as an ideal location for business, organizes educational programs related to the economy, and offers services that contribute to job creation. By doing so, the foundation aims to stimulate economic growth and development in the community.


Official website here: www.massecon.com

Who is the CEO of Massachusetts Economic Development Foundation Inc?

Peter Abair is the Executive Director of Massachusetts Economic Development Foundation Inc.


Official website here: www.massecon.com

What is the revenue of Massachusetts Economic Development Foundation Inc?

Massachusetts Economic Development Foundation Inc's revenue in 2022 was $31,410.


Official website here: www.massecon.com

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


Here are 5 key members and their salaries:


Stephen Flavin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Scott (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Mcgeough (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Sullivan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Abair (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.massecon.com

Where can I find the form 990EZ for Massachusetts Economic Development Foundation Inc?

Massachusetts Economic Development Foundation Inc's most recent form 990EZ 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 Economic Development Foundation Inc

Massachusetts Economic Development Foundation, in its mission, works towards promoting and educating the community about economic development within Massachusetts. This organization serves as a catalyst, marketing Massachusetts as an attractive destination for business ventures. Additionally, it hosts a variety of educational programs that focus on economic matters, aiming to foster an environment conducive to job creation. The Massachusetts Economic Development Foundation provides services that not only enhance but also bolster economic growth, thereby contributing to the betterment of the community as a whole.

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Impact




October, 2024

The Massachusetts Economic Development Foundation Inc plays a vital role in fostering a vibrant economic environment within the state. By actively promoting and marketing Massachusetts as a prime business location, it attracts new businesses and investments, enhancing the overall economic landscape.

Through its educational programs, the Foundation equips community members, businesses, and local leaders with valuable knowledge and resources related to economic development. This empowerment fosters a deeper understanding of economic challenges and opportunities, ultimately contributing to informed decision-making that can lead to sustainable growth.

Moreover, the services provided by the Foundation are crucial for boosting job creation. By connecting various stakeholders and facilitating collaborations, it helps to create an ecosystem that nurtures existing businesses while encouraging new enterprises to flourish. This comprehensive approach not only improves the economic indicators but also strengthens the community as a whole.

In summary, the Massachusetts Economic Development Foundation Inc significantly impacts the state's economy by marketing Massachusetts as a business-friendly destination, providing essential education, and implementing services aimed at job creation and community improvement.




This information is meant to be a general summary of Massachusetts Economic Development Foundation 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
$31,410 (2022)
Expenses
$32,158 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $31,410

Assets and Liabilities:

  • Total Assets: $42,060
  • Total Liabilities: $31,302
  • Net Assets: $10,758

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Organization Details

Principal Officer

Peter Abair

Main Address

101 WALNUT STREET, WATERTOWN, MA, 02472

NTEE Category

Code: S20 - Community improvement

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