Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
62 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Promotes regional economic growth by providing local businesses with marketing services, newsletters, digital resources, and targeted mailing lists to expand their market reach.
Questions for North Central Massachusetts Development Corporation
Your first name shows with your question. North Central Massachusetts Development Corporation answers here, for everyone.
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To expand economic development in north central massachusetts by providing alternative lending opportunities to small businesses.
To expand economic development for businesses in north central massachusetts through marketing, newsletters, websites and mailing lists.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.5M | $3.5M |
| Land, buildings, equipmentLn 10c | $989 | $0 |
| Total assetsLn 16 | $6.8M | $6.6M |
| LiabilitiesLn 26 | $652K | $499K |
| Net assetsLn 32 | $6.1M | $6.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $332K | $174K | $157K | |
| Pension plan contributionsLn 8 | $16K | $8K | $7K | |
| Other employee benefitsLn 9 | $2K | $959 | $865 | |
| Payroll taxesLn 10 | $27K | $14K | $13K | |
| Legal feesLn 11b | $4K | $4K | ||
| Accounting feesLn 11c | $28K | $28K | ||
| Other fees for servicesLn 11g | $67K | $49K | $18K | |
| Office expensesLn 13 | $59K | $57K | $2K | |
| Information technologyLn 14 | $280 | $280 | ||
| OccupancyLn 16 | $42K | $26K | $16K | |
| TravelLn 17 | $8K | $4K | $4K | |
| InterestLn 20 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $989 | $989 | ||
| InsuranceLn 23 | $13K | $8K | $5K | |
| Other expenses (24a–d)Ln 24 | $80K | $80K | $132 | |
| Total functional expensesLn 25 | $681K | $425K | $256K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $676K | $681K | −$5K | $6.1M | 990 PDF |
| FY2024Filed with the IRS Aug 8, 2025 | $1.2M | $1.1M | $98K | $6.1M | 990 PDF |
| FY2023Filed with the IRS Jul 29, 2024 | $1.6M | $1.2M | $366K | $6.0M | 990 PDF |
| FY2022Filed with the IRS Jul 14, 2023 | $2.4M | $1.3M | $1.1M | $5.7M | 990 PDF |
| FY2021Filed with the IRS Feb 10, 2022 | $3.6M | $2.6M | $1.0M | $5.1M | 990 PDF |
| FY2020Filed with the IRS Feb 15, 2021 | $1.0M | $1.8M | −$731K | $2.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $675,962 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $675,962 across 6 lines filed
Part IX · Statement of functional expenses $681,228 across 15 lines filed
Part X · Balance sheet $6,620,194 assets, 12 lines filed
Part XI · Reconciliation of net assets $6,121,588 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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