2024-11-15T12:10:43-06:00 2023-12-31 042713795 MEYERS BROTHERS KALICKA PC 330 WHITNEY AVE SUITE 800 HOLYOKE MA 01040 990 2023-01-01 043237124 ECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC ECON 4137551369 1441 MAIN STREET 136 SPRINGFIELD MA 01103 RICHARD SULLIVAN PRESIDENT 4137551369 2024-11-14 1 1 RUDY M D'AGOSTINO P00962620 4135368510 2024-11-14 2023 2024-10-15 13:58:12Z RICHARD SULLIVAN 1441 MAIN STREET 136 SPRINGFIELD MA 01103 4371502 0 X WWW.WESTERNMASSEDC.COM X 1994 MA REGIONAL ECONOMIC DEVELOPMENT 32 31 58 35 0 0 1092784 398465 4737765 3782062 579 4520 1000 0 5832128 4185047 159650 0 0 0 4692759 3809569 0 0 0 821621 377065 5674030 4186634 158098 -1587 1875666 1691601 1355234 1172756 520432 518845 TO STIMULATE AND FACILITATE A VIGOROUS REGIONAL ECONOMY, ENCOURAGING AND SUSTAINING CAPITAL INVESTMENT AND QUALITY JOB GROWTH. 0 0 COORDINATED ECONOMIC DEVELOPMENT ACTIVITIES WITH OTHER BUSINESS DEVELOPMENT GROUPS BY PROVIDING STAFFING AND OTHER SUPPORT SERVICES SUPPORTED REGIONAL ECONOMIC DEVELOPMENT BY RESEARCHING LOCAL BUSINESS NEEDS, PROVIDING RESOURCES TO BUSINESSES OPERATING IN OR ENTERING THE REGION, AND BY PROMOTING LOCAL TOURISM. 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. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 58 1 0 0 0 0 1 1 0 0 0 X 32 31 0 0 0 0 1 1 1 1 1 0 0 0 0 0 1 1 1 0 X RICK SULLIVAN 4137551369 1441 MAIN STREET SPRINGFIELD MA 01103 TRICIA CANAVAN CHAIR THRU 5/23 1.00 0.00 X X 0 0 0 CHRISTINA ROYAL V.CHAIR; CHAIR AS OF 5/23 1.00 0.00 X X 0 0 0 LISA MCCARTHY 2ND VICE CHAIR THRU 5/23 1.00 0.00 X X 0 0 0 STEVEN LOWELL TREASURER THRU 5/23 1.00 0.00 X X 0 0 0 KATIE ALLAN ZOBEL CLERK THRU 5/23 1.00 0.00 X X 0 0 0 CESAR RUIZ DIRECTOR/CLERK EFF 5/23 1.00 0.00 X X 0 0 0 GUS KIM DIRECTOR/ V.P EFF 5/23 1.00 0.00 X X 0 0 0 SAM SKURA 2ND VICE CHAIR EFF 5/23 1.00 0.00 X X 0 0 0 JAIMYE KELLEY TREASURER EFF 5/23 1.00 0.00 X X 0 0 0 GEORGE AWADY DIRECTOR 1.00 0.00 X 0 0 0 ALICIA BARTON DIRECTOR 1.00 0.00 X 0 0 0 PHILIP GONCALVES DIRECTOR 1.00 0.00 X 0 0 0 KRISTIN CARLSON DIRECTOR 1.00 0.00 X 0 0 0 ELLEN CUMMINGS DIRECTOR 1.00 0.00 X 0 0 0 KEVIN DAY DIRECTOR (END 11-23) 1.00 0.00 X 0 0 0 CHARLES D'AMOUR DIRECTOR 1.00 0.00 X 0 0 0 DANIEL GLANVILLE DIRECTOR 1.00 0.00 X 0 0 0 JIA BO DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN DAVIS DIRECTOR THRU 9/23 1.00 0.00 X 0 0 0 MARK KEROACK DIRECTOR 1.00 0.00 X 0 0 0 ROBERT BABCOCK DIRECTOR 1.00 0.00 X 0 0 0 DAVID CHASE SR DIRECTOR 1.00 0.00 X 0 0 0 RICHARD SWIFT DIRECTOR 1.00 0.00 X 0 0 0 DR JOHN COOK DIRECTOR 1.00 0.00 X 0 0 0 JAMES HUNT DIRECTOR 1.00 0.00 X 0 0 0 ROBERT SIMONE DIRECTOR 1.00 0.00 X 0 0 0 DANIEL BUTTERFIELD DIRECTOR 1.00 0.00 X 0 0 0 PETER CARMICHAEL DIRECTOR 1.00 0.00 X 0 0 0 SUE KRISTJANSSON DIRECTOR 1.00 0.00 X 0 0 0 DENA HALL DIRECTOR 1.00 0.00 X 0 0 0 DEBORAH BITSOLI DIRECTOR 1.00 0.00 X 0 0 0 ERIC WEINSTEIN DIRECTOR 1.00 0.00 X 0 0 0 SHAWN PACE DIRECTOR 1.00 0.00 X 0 0 0 HARRY DUMAY DIRECTOR 1.00 0.00 X 0 0 0 DANIEL MORIARTY DIRECTOR (BEG 1-23) 1.00 0.00 X 0 0 0 DANIEL FINNEGAN DIRECTOR 1.00 0.00 X 0 0 0 KUMBLE SUBBASWAMY DIRECTOR 1.00 0.00 X 0 0 0 RICHARD SULLIVAN PRESIDENT/CEO OF EDC 37.50 X 389429 0 37700 ANNE DEWOLF FINANCE DIRECTOR/EDC 37.50 X 78003 0 5850 DIANA SZYNAL PRESIDENT/SPFLD CHAMBER 37.50 X 117439 0 8808 MICHAEL BOLTON PRESIDENT/WMDC 37.50 X 162084 0 29559 ANDRZEJ WIDOR AIRPORT MGR/WMDC 37.50 X 145854 0 34652 ANNE KANDILIS INITIATIVE DIR/SPFLD WORKS 37.50 X 151238 0 26805 MARY KAY WYDRA PRESIDENT/C&VC 37.50 X 153138 0 18879 1197185 0 162253 7 0 1 0 0 398465 398465 CONTRACT SERVICE REV. 561499 2975107 2975107 MEMBERSHIP DUES 561499 669600 669600 PAYROLL PROCESSING 561499 74827 74827 OTHER EVENTS 561499 62528 62528 3782062 4520 4520 186455 186455 0 0 4185047 3707235 0 79347 510982 2653025 186239 206552 252771 27000 41449 19091 36753 48781 1644 5094 PROGRAM EXPENSES 148465 BAD DEBT EXPENSE 31660 DUES AND SUBSCRIPTIONS 6428 EVENT EXPENSE 5369 5331 4186634 558963 391057 619765 698195 40415 33895 141794 103984 4073 4639 100078 96460 626 3618 510030 456213 1875666 1691601 199861 150904 316330 423011 839043 598841 1355234 1172756 X 520432 518845 520432 518845 1875666 1691601 -1587 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 669600 20000 20000 42854 -22854 9847 9847 0 79731 76113 3618 10500 10500 0 3618 ROU ASSET, NET 258544 DUE FROM EDC413 197669 456213 ACCRUED PENSION PAYABLE 331142 LEASE LIABILITY 267699 598841 X 4371502 186455 186455 4185047 0 4185047 4373089 186455 186455 4186634 0 4186634 PART X, LINE 2: UNCERTAIN TAX POSITIONS A TAX POSITION IS DEEMED TO INCLUDE SUCH THINGS AS THE ORGANIZATION'S TAX EXEMPT STATUS, UNRELATED BUSINESS INCOME AND THE METHODOLOGIES FOR ALLOCATING EXPENSES TO UNRELATED BUSINESS INCOME STREAMS. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBLEASE RENTAL EXPENSES NETTED AGAINST INCOME 186,455. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBLEASE RENTAL EXPENSES NETTED AGAINST INCOME 186,455. X X X 0 0 0 RICHARD SULLIVAN PRESIDENT/CEO OF EDC 326217 0 63212 0 0 0 29700 0 8000 0 427129 0 0 0 MICHAEL BOLTON PRESIDENT/WMDC 158751 0 3333 0 0 0 12378 0 17181 0 191643 0 0 0 ANDRZEJ WIDOR AIRPORT MGR/WMDC 130854 0 15000 0 0 0 11091 0 23561 0 180506 0 0 0 ANNE KANDILIS INITIATIVE DIR/SPFLD WORKS 150238 0 1000 0 0 0 11343 0 15462 0 178043 0 0 0 MARY KAY WYDRA PRESIDENT/C&VC 139480 0 13658 0 0 0 11485 0 7394 0 172017 0 0 0 RICHARD SWIFT BOD RICHARD SWIFT IS CEO OF HEALTH NEW ENGLAND (HNE) & IS AN EDC BOARD MEMBER 211589 HEALTH NEW ENGLAND WAS THE MEDICAL INSURANCE PROVIDER OF EDC'S EMPLOYEES 0 FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION'S EXECUTIVE COMMITTEE HAS ALL OF THE POWERS OF THE DIRECTORS IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 APPROVAL BY EXISTING MEMBERS IS REQUIRED BEFORE AN ENTITY CAN BECOME A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE GOVERNING BODY MAY VOTE TO ACCEPT NEW MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL BY MEMBERS OF THE GOVERNING BODY IS REQUIRED TO ACCEPT NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DELEGATED REVIEW OF THE 990 TO THE ORGANIZATION'S CEO. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S OFFICERS/KEY EMPLOYEES, THE EXECUTIVE COMMITTEE USED A COMPARABILITY STUDY OF SIMILAR SIZE EXEMPT ORGANIZATIONS IN NEW ENGLAND. THE LAST FULL COMPENSATION STUDY DONE FOR THE CEO POSITION WAS IN 2014, WHEN THE CURRENT CEO WAS HIRED. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. EDC 413WORKS 1441 MAIN STREET SPRINGFIELD MA 01103 861491313 ECONOMIC DEVELOPMENT IN W MA MA 501(C)(3) LINE 12A, I EDC OF W MA 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 EDC413 WORKS INC D 197669 RECEIVABLE BASED ON EXP PAID