South Shore Economic Development Corp

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

EIN: 237362584 ✦ Rockland, MA ✦ Designated as a 501(c)(4)

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Overview

What is South Shore Economic Development Corp?

The South Shore Economic Development Corp, located at 1050 Hingham Street, Rockland, MA 02370, is a nonprofit organization dedicated to fostering economic development and sustainable community growth in the Greater South Shore of Massachusetts. Its primary mission involves promoting economic progress within the region, working in collaboration with the South Shore Chamber of Commerce, a related party, to strengthen the regional economy and encourage community development for sustainable growth.

Is South Shore Economic Development Corp legitimate?

South Shore Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. South Shore Economic Development Corp 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 South Shore Economic Development Corp?

The South Shore Economic Development Corp's mission is centered around promoting economic development in the greater South Shore region of Massachusetts. They work in close collaboration with the South Shore Chamber of Commerce, another related party, to bolster the local economy and foster community development for sustainable growth. The organization's primary goal is to facilitate economic advancement and ensure sustainable community growth within the specified area.

Who is the CEO of South Shore Economic Development Corp?

Peter Forman is the Chairman of South Shore Economic Development Corp.

What is the revenue of South Shore Economic Development Corp?

South Shore Economic Development Corp's revenue in 2022 was $178,133.

Who are the executives of South Shore Economic Development Corp and what are their salaries?

There 24 volunteers at South Shore Economic Development Corp.


Here are 25 key members and their salaries:


Peter Tedeschi (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ellis (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Forman (President)
  • Compensation: $0
  • Related: $178,843
  • Other: $5,365
Jacqueline Collins (Clerk/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judi Barrett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Beresford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Bosco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Carroll (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gabe Crocker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan Gregory (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denver Gibbs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Hildreth (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darlene Hollywood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Iredale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Kelleher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nichole Langley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Maguire (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrice May (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nichols (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan O'Day (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Ruh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Winthrop Sargent Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Terravecchia Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Yotts (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for South Shore Economic Development Corp?

South Shore Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of South Shore Economic Development Corp

The South Shore Economic Development Corp, an organization with a close relationship with the South Shore Chamber of Commerce, is dedicated to fostering economic growth in the greater South Shore region of Massachusetts. Its mission is twofold: promoting economic development and facilitating sustainable community growth. The corporation works tirelessly to strengthen the regional economy and contribute to the overall well-being of the community, aiming for a harmonious and enduring development in the area.

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Impact




October, 2024

The South Shore Economic Development Corp plays a significant role in enhancing economic development and sustainable community growth in the Greater South Shore of Massachusetts. By collaborating closely with the South Shore Chamber of Commerce, it fosters a stronger regional economy and emphasizes community development. This partnership helps create job opportunities, supports local businesses, and promotes initiatives that lead to long-term sustainability and prosperity in the area. The organization is dedicated to improving the quality of life for residents while stimulating economic activity across the region.




This information is meant to be a general summary of South Shore Economic Development Corp. 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
$178,133 (2022)
Expenses
$162,021 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,301
  • Gross Receipts: $199,149

Assets and Liabilities:

  • Total Assets: $167,761
  • Total Liabilities: $216,334
  • Net Assets: -$48,573

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Organization Details

Founding Year

1951

Principal Officer

Peter Forman

Main Address

1050 HINGHAM STREET, ROCKLAND, MA, 02370

NTEE Category

Code: S30 - Community improvement

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