Improve quality of life in western massachusetts by promoting economic opportunity and growth

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $36K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Looks good: 11.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $365K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$643K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$858K
+12% vs prior year
Spent
$830K
To programs
92%
Net assets
$189K
By yearFY2021–FY2024
Revenue
$858K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$80K
FY2022$336K
FY2023$767K
FY2024$858K
Expenses
$830K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$245K
FY2023$778K
FY2024$830K
Net assets
$189K
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2021$80K
FY2022$172K
FY2023$161K
FY2024$189K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $762K Management & general 4% · $32K Fundraising 4% · $36K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Clerk & Exec. Director
$0Pt VII · Sec A
See Edc 413works INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes economic opportunity and growth to improve quality of life in Western Massachusetts.

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Provided by the organization

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2 programs · $762K · in their own filed words · FY2024
01

Assisted the economic development council of ma with its springfield WORKS/WORKING cities program the goal of which is to increase the labor force participation of various cities in western massachusetts, and create the conditions for economic mobility.

$727Kprogram expense
02

Anchor collaborative- edc 413WORKS partnered with baystate health system, which is also a 501(c)(3) organization to increase local procurement opportunities for women and minority owned businesses and to propel hiring and career pathways for minority and low income populations.

$35Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$365K
See all 3 funders →
Grants paid · 21 grants · $525K · 2023–2024
Square OneMA · FY2024$25,000
New North Citizens CouncilFY2024$25,000
Home City Development INCMA · FY2024$25,000
New North Citizens CouncilFY2023$25,000
Home City Development INCMA · FY2023$25,000
Helix Human Services INCMA · FY2023$25,000
New North Citizens CouncilFY2023$25,000
Home City Development INCMA · FY2023$25,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$858K
Ln 12
Gifts and grantsLn 1h$843K
Fees for servicesLn 2g$15K
Money outPt IX
$830K
Ln 25
Programscol B$762K
Managementcol C$32K
Fundraisingcol D$36K
Owns and owesPt X
$189K
net assets · Ln 32
Cash and savingsLn 1–2$821K
Total assetsLn 16$833K
LiabilitiesLn 26$643K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$843K
Government grantsLn 1e$451K
Fees for servicesLn 2g$15K
Total revenueLn 12$858K
Assets in detailPt X, end of year
CashLn 1$821K
Cash and savings togetherLn 1–2$821K
Total assetsLn 16$833K
LiabilitiesLn 26$643K
Net assetsLn 32$189K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$483K$821K
Total assetsLn 16$491K$833K
LiabilitiesLn 26$330K$643K
Net assetsLn 32$161K$189K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$125K$125K
Accounting feesLn 11c$16K$16K
Professional fundraising feesLn 11e$20K$20K
Other fees for servicesLn 11g$331K$316K$14K$2K
Office expensesLn 13$11K$10K$1K
Information technologyLn 14$21K$21K
TravelLn 17$698$698
Conferences, conventions and meetingsLn 19$24K$24K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$281K$266K$15$14K
Total functional expensesLn 25$830K$762K$32K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $858K$830K$28K$189K 990 PDF
FY2023 $767K$778K−$10K$161K 990 PDF
FY2022 $336K$245K$92K$172K 990 PDF
FY2021 $80K$80K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $858,049 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $737,283$843,049
I-9 Program service revenuePrior year $30,000$15,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $767,283$858,049
I-13 Grants and similar amounts paidPrior year $200,000$125,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$19,710
I-17 Other expensesPrior year $577,583$685,403
I-18 Total expensesPrior year $777,583$830,113
I-19 Revenue less expensesPrior year −$10,300$27,936
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $858,049 across 5 lines filed
VIII-1e Government grants$450,775
VIII-1f All other contributions, gifts and grants$392,274
VIII-1h Total contributions, gifts and grants$843,049
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,000$15,000
VIII-12 Total revenueRelated to mission $15,000 · Unrelated business $0 · Excluded from tax $0$858,049
Part IX · Statement of functional expenses $830,113 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $125,000$125,000
IX-11c Accounting feesManagement $16,000$16,000
IX-11e Professional fundraising feesFundraising $19,710$19,710
IX-11g Other fees for servicesPrograms $315,605 · Management $13,500 · Fundraising $1,500$330,605
IX-13 Office expensesPrograms $9,903 · Management $1,185$11,088
IX-14 Information technologyPrograms $20,909$20,909
IX-17 TravelPrograms $698$698
IX-19 Conferences, conventions and meetingsPrograms $23,671$23,671
IX-23 InsuranceManagement $1,679$1,679
IX-24 Other expenses (24a–d)Programs $266,375 · Management $15 · Fundraising $14,363$280,753
IX-25 Total functional expensesPrograms $762,161 · Management $32,379 · Fundraising $35,573$830,113
Part X · Balance sheet $832,599 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $482,931$821,272
X-4 Accounts receivableStart of year $7,060$10,989
X-9 Prepaid expenses and deferred chargesStart of year $843$338
X-16 Total assetsStart of year $490,834$832,599
X-17 Accounts payable and accrued expensesStart of year $19,625$27,752
X-19 Deferred revenueStart of year $112,316$401,506
X-25 Other liabilitiesStart of year $197,669$214,181
X-26 Total liabilitiesStart of year $329,610$643,439
X-27 Net assets without donor restrictionsStart of year $161,224$189,160
X-32 Total net assets or fund balancesStart of year $161,224$189,160
X-33 Total liabilities and net assetsStart of year $490,834$832,599
Part XI · Reconciliation of net assets $189,160 net assets at year end
XI-1 Total revenue$858,049
XI-2 Total expenses$830,113
XI-3 Revenue less expenses$27,936
XI-4 Net assets at start of year$161,224
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$189,160

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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