Powered by CharityEZ

Charity report ready

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This report opened in a new tab, so your results are still waiting for you.

Public IRS 990 nonprofit record

MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION

EIN 20-4407846 · Chambers of Commerce & Business Leagues (S41)

What they do

to ENHANCE THE POSITION, IMAGE, and PERCEPTION of MARLBOROUGH AS A DESIRABLE PLACE to LIVE, WORK, VISIT and INVEST IN BY PROMOTING CULTURAL, HISTORICAL, and ECONOMIC PROGRAMS IN THE CITY.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $76.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

62.23%of revenue went to mission work76.1% of expenses · Program services
$81.83spent for every $100 of revenueRevenue covered expenses this year.
19.60%of revenue went to management and office costs23.9% of expenses
$1.53in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,404,480
Mission workProgram services$874,07762.23% of revenue76.1% of expenses
ManagementOffice and general costs$275,24719.60% of revenue23.9% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$255,15618.17% of revenueShown in gray on the chart
Total expenses$1,149,32481.83% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 76.1% mission · 23.9% management · 0.0% fundraisingTotal expenses: 81.83% of revenue
2023Expense mix: 75.2% mission · 24.8% management · 0.0% fundraisingTotal expenses: 96.41% of revenue
2022Expense mix: 77.7% mission · 22.3% management · 0.0% fundraisingTotal expenses: 89.62% of revenue
2021Expense mix: 69.4% mission · 30.6% management · 0.0% fundraisingTotal expenses: 102.94% of revenue
2020Expense mix: 70.7% mission · 29.3% management · 0.0% fundraisingTotal expenses: 118.00% of revenue
2019Expense mix: 75.9% mission · 24.1% management · 0.0% fundraisingTotal expenses: 67.12% of revenue
2018Expense mix: 81.1% mission · 18.9% management · 0.0% fundraisingTotal expenses: 106.12% of revenue
2017Expense mix: 81.6% mission · 18.4% management · 0.0% fundraisingTotal expenses: 93.28% of revenue

Money in and money out

Revenue$1,404,480
Expenses$1,149,324
Annual surplus $255,156 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$874,077 · 76.1% of expenses
Management and office costs$275,247 · 23.9% of expenses
See all reported dollar amounts
Revenue$1,404,480
Expenses$1,149,324
Assets$1,761,528
Income$1,404,480
Contributions$1,404,480
Mission work (program services)$874,077
Management and general$275,247
Accounting fees$10,496
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (32)

JOE SANTOSEXECUTIVE COMMITTEE/DIRECT

WILLIAM PEZZONIDIRECTOR EMERITUS

WALTER DWYERDIRECTOR

TYE JORDANDIRECTOR

STEVE ULISSDIRECTOR

ROBERT KAYSDIRECTOR EMERITUS

RICHARD TOMANEKEXECUTIVE COMMITTEE/DIRECT

MOLLY BRODEUR NESBITTDIRECTOR

MIKE COVINODIRECTOR

MICHAEL OSSINGEXECUTIVE COMMITTEE/DIRECT

MELYNDA GALLAGHERDIRECTOR

MAURICE PHELANDIRECTOR

MARCUS KEMBLOWSKIDIRECTOR

LUIZ THOMAZEXECUTIVE COMMITTEE/DIRECT

LARISSA THURSTONDIRECTOR

JON PEZZONIDIRECTOR

ANDREA PIONPRESIDENT

J CHRISTIAN DUMAISEXECUTIVE COMMITTEE/DIRECT

GREG MITRAKASDIRECTOR

GEORGE ARONSTEINDIRECTOR

ELLEN CARLUCCIDIRECTOR

DIANE MOHIELDIN FRATONIDIRECTOR

DHARMENDU DAMANYDIRECTOR

DAVID WALTONVICE PRESIDENT/SECRETARY

DAVID MCCAYDIRECTOR

DANIEL STANHOPETREASURER

CHRISTOPHER HORBLITDIRECTOR

BRYAN SCHNEIDMULLERDIRECTOR

BRIAN DOUGLASSDIRECTOR

BRIAN BOUVIERDIRECTOR

ARTHUR VIGEANTDIRECTOR EMERITUS

ARTHUR BERGERONDIRECTOR EMERITUS

About this charity

Recognized since
January 2006
Location
91 MAIN STREET 204, MARLBOROUGH, MA 01752
County
Middlesex
In care of
ANDREA PION
Primary officer
ANDREA PION, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
OCONNOR MALONEY & CO CPAS
NTEE classification
Chambers of Commerce & Business Leagues (S41)
IRS tax category
Chambers of Commerce & Business Leagues

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Close & return to results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free