EIN 04-3237124

Economic Development Council (EDC)

IRS 501(c) type
501(c)(6)
Num. employees
58
Year formed
1994
Most recent tax filings
2023-12-01
NTEE code, primary
Description
EDC's mission is to deliver the services & business resources that will enable companies to thrive in Western Massachusetts while improving the region's economy & lifestyle through the creation of quality jobs and enhanced public and private investment.
Also known as...
Economic Development Council of Western Massachusetts
Total revenues
$4,185,047
2023
Total expenses
$4,186,634
2023
Total assets
$1,691,601
2023
Num. employees
58
2023

Program areas at EDC

Coordinated Economic Development activities with other business Development groups by providing staffing and other support services
Springfield works initiative is a catalytic, collective impact initiative of partners supported by the Economic Development Council. Each partner of this initiative has committed human and financial resources to govern and drive strategies to build Economic prosperity to the area through workforce Development. The goal is to figure out ways to align area-job seekers with employers and to help employers retain newly hired workers by setting up employee mentoring programs.
Supported regional Economic Development by researching local business needs, providing resources to businesses operating in or entering the region, and by promoting local tourism.

Who funds Economic Development Council (EDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Fund for Workforce SolutionsTo Support the Equip Workers for Success Program$125,000

Personnel at EDC

NameTitleCompensation
Richard SullivanPresident$363,287
Christopher RussellExecutive Director and SBD / Executive Director of Springfield Business Distric$253,453
Anne DewolfFinance Director and Edc / Manager of Data Research and Business Development$71,336
Anne KandilisInitiative Director and SPFLD Works$151,238
Sarah LacourVice President and Wadc$163,518

Financials for EDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$398,465
Program services$3,782,062
Investment income and dividends$4,520
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,185,047

Form 990s for EDC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-10-12990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s
Data update history
July 8, 2024
Received grants
Identified 1 new grant, including a grant for $125,000 from National Fund for Workforce Solutions
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 7 new personnel
December 26, 2023
Used new vendors
Identified 1 new vendor, including
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
1441 Main St 136
Springfield, MA 01103
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
westernmassedc.com/ 
Phone
(413) 755-1368
IRS details
EIN
04-3237124
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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