Cape Cod Economic Development Council INC FY2022 filing

Membership association Centerville, MA EIN 04-3354621
Revenue
$421K
▲ +8%
FY2022 · Pt VIII · Ln 12
Expenses
$401K
▲ +11%
FY2022 · Pt IX · Ln 25
Net assets
$192K
FY2022 · Pt X · Ln 32
To programs
98%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$421K
FY2022▲ +8%
Expenses
$401K
FY2022▲ +11%

Helps Cape Cod businesses grow, creates jobs, and plans for economic development.

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Tax-deductible?
No
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Cape Cod Blue Economy Foundation INC
$135K in the latest grant year. Details →
Spent on programs?
98% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↑ +8% vs prior year Details →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).


Helps Cape Cod businesses grow, creates jobs, and plans for economic development.

Type
Membership association · Nonprofit
Location
Centerville, MA
Filings
6 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
+5%
revenue over expenses
Earned revenue
63%
of revenue from program services & dues
Program spending
98%
of expenses reach member services

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$389K
FY2022▲ +5%
Total liabilities
$196K
FY2022▼ -0.7%
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$389K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCape Cod Economic Development Council INC
EINHdr · item D04-3354621
Principal addressHdr · item CCenterville, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer/Cl
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
See Cape Cod Economic Development Council INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $394K of program spending, described in the organization's own filed words · FY2021.
01

Various small business forums to assist prospective businesses hoping to start or relocate in the community.

$394Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$264K · 63%
Contributions & grants$157K · 37%
Program service revenue63%$264K
Contributions & grants37%$157K
Investment income$83
— government grantsLn 1e$157K
Total revenueLn 12$421K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$394K
Management & general2%$6K
Total functional expensesLn 25$401K

Balance Sheet

Part X · end of year
CashLn 1$344K
Total assetsLn 16$389K
Total liabilitiesLn 26$196K
Total net assetsLn 32$192K
Months of cash on handcomputed10.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $344K · Operating expenses/yr $401K
10.3 months
Where the money goes
Program services
Program services $394K · Total expenses $401K
98%
Management & General
Management & general $6K · Total expenses $401K
2%
Fundraising
Fundraising $0 · Total expenses $401K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $157K · Total revenue $421K
37%
Government reliance
Government grants $157K · Total revenue $421K
37%
Earned-income share
Program service revenue $264K · Total revenue $421K
63%
Investment reliance
Investment income $83 · Total revenue $421K
+0.02%
Program self-sufficiency
Program service revenue $264K · Total expenses $401K
66%
Growth & trend
Revenue growth (YoY)
This year $421K · Prior year $391K
+8%
Net-asset trend (YoY)
End of year $192K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $421K · Expenses $401K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $389K
—
Net-asset ratio
Net assets $192K · Total assets $389K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $389K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eliza Cox · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $401K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $401K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0%——
Revenue growth 8%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$135K
Grants paid · 2 grants · $731K · 2023–2024
Cape Cod Chamber of CommerceMA · FY2024$383,395
Cape Cod Chamber of CommerceMA · FY2023$347,594

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$408K revenue · ⤓ 990 PDF
FY2024$370K revenue · ⤓ 990 PDF
FY2023$518K revenue · ⤓ 990 PDF
FY2022$421K revenue · viewing · ⤓ 990 PDF
FY2021$391K revenue · ⤓ 990 PDF
FY2020$378K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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