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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit New Bedford Economic Development Council Inc.

New Bedford Economic Development Council Inc.

Fiscal year ending 2024. Filed on May 8, 2025.

1213 Purchase Street
New Bedford, Massachusetts 02740

New Bedford Economic Development Council Inc. (EIN: 04-3244024) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, New Bedford Economic Development Council Inc., a 501(c)(3) charitable organization, reported compensation for 3 out of 8 total employees. Among the employees shown here, the average compensation is $164,767. The highest compensated employee at New Bedford Economic Development Council Inc. is Derek Santos with fiscal year 2024 compensation of $198,267.

Revenue, expenses, and employee compensation

Revenue

$3,626,061

Expenses

$3,547,853

Employee compensation

$985,464
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Derek Santos
Executive Director
$198,267
$170,141 No related comp$28,126
Ramon D Silva
Senior Lending Officer
$169,470
$144,388 No related comp$25,082
Deborah A Trombly
Accountant
$126,565
$120,886 No related comp$5,679

Benchmark Employee Compensation

Non-Employee Board Members

Anthony R Sapienza
President
Carol Pimentel
Clerk
David McCready
Director
David Slutz
Treasurer
Dr Rayford Kruger
Director (Until 10/2023)
Elizabeth Isherwood
Vice President
Helena Dasilva Hughes
Director
Laura Douglas
Director
Melanie Edwards-Tavares
Director
Roland Giroux
Director

Mission Statement

TO CULTIVATE AND PROMOTE A TRANSPARENT, CREDIBLE, AND BUSINESS-FRIENDLY ENVIRONMENT, THE NBEDC WORKS COLLABORATIVELY WITH LOCAL, STATE, AND FEDERAL PARTNERS TO SUPPORT CREATIVITY, SUSTAINABLE GROWTH, AND PRIVATE SECTOR INVESTMENT BENEFITING THE CITIZENS OF NEW BEDFORD.

Revisions to this organization profile

May 8, 2025:
2024 New Bedford Economic Development Council Inc. 990 filed
May 3, 2024:
2023 New Bedford Economic Development Council Inc. 990 filed
April 27, 2023:
2022 New Bedford Economic Development Council Inc. 990 filed

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