Nonprofit · EIN 87-1778078
NEW BEDFORD OCEAN CLUSTER INC
Tax-exempt · NEW BEDFORD, MA 02740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $553,653 | $721,946 | -$168,293 | $148,340 | $33,146 | $115,194 |
| June 30, 2024 | 990 | $721,224 | $838,840 | -$117,616 | $344,106 | $60,619 | $283,487 |
| June 30, 2023 | 990 | $792,993 | $461,284 | $331,709 | $445,920 | $44,817 | $401,103 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $332,092
- of which government grants
- $232,202
- Membership dues
- $33,150
- Program service revenue
- $221,487
- Investment income
- $74
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $162,948
- Other salaries and wages
- $134,270
- Salaries, compensation and benefits (total)
- $362,428
- Professional fundraising fees
- $0
- Legal fees
- $2,760
- Accounting fees
- $25,600
- Occupancy
- $6,209
- Travel
- $12,419
- Program services (functional)
- $511,251
- Management and general (functional)
- $106,029
- Fundraising (functional)
- $104,666
Balance sheet and other
- Total assets, start of year
- $344,106
- Total assets, end of year
- $148,340
- Total liabilities, end of year
- $33,146
- Net assets, end of year
- $115,194
- Net assets without donor restrictions
- $75,194
- Net assets with donor restrictions
- $40,000
- Gross receipts
- $553,653
- Employees
- 4
- Volunteers
- 15
- Year formed
- 2021
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer Downing | Executive Director Key employee | 40 | $162,948 | $14,237 |
| Jennifer J Menard | Director Trustee or director | 0.5 | $0 | $0 |
| Christopher Rezendes | Director Trustee or director | 0.5 | $0 | $0 |
| Dale Leavitt | Director Trustee or director | 0.5 | $0 | $0 |
| Michael Quinn | Director Trustee or director | 0.5 | $0 | $0 |
| John Quinn | Director Trustee or director | 0.5 | $0 | $0 |
| Anthony R Sapienza | Director Trustee or director | 0.5 | $0 | $0 |
| Mandi Costa | Director Trustee or director | 0.5 | $0 | $0 |
| Cassie Canastra | Director Trustee or director | 0.5 | $0 | $0 |
| Liz Wiley | Director Trustee or director | 0.5 | $0 | $0 |
| Gordon Carr | Director Trustee or director | 0.5 | $0 | $0 |
| Jessica Trombly | Director Trustee or director | 0.5 | $0 | $0 |
| James Pimental | Director Trustee or director | 0.5 | $0 | $0 |
| Jennifer Cullen | Director Trustee or director | 0.5 | $0 | $0 |
| John Bullard | President Trustee or director, Officer | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Edward Anthes-Washburn | Vice President Trustee or director, Officer | 1 | $0 |
| Scott Lima | Treasurer and Clerk Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer Downing | Executive Director Key employee | 40 | $142,289 | $19,707 |
| Cassie Canastra | Director Trustee or director | 0.5 | $0 | $0 |
| Mandi Costa | Director Trustee or director | 0.5 | $0 | $0 |
| Anthony R Sapienza | Director Trustee or director | 0.5 | $0 | $0 |
| Kevin Rose | Director Trustee or director | 0.5 | $0 | $0 |
| Liz Wiley | Director Trustee or director | 0.5 | $0 | $0 |
| Rachel Pachter | Director Trustee or director | 0.5 | $0 | $0 |
| Gordon Carr | Director Trustee or director | 0.5 | $0 | $0 |
| John Quinn | Director Trustee or director | 0.5 | $0 | $0 |
| Dale Leavitt | Director Trustee or director | 0.5 | $0 | $0 |
| Christopher Rezendes | Director Trustee or director | 0.5 | $0 | $0 |
| Scott Lima | Director Trustee or director | 0.5 | $0 | $0 |
| Michael Quinn | Director Trustee or director | 0.5 | $0 | $0 |
| John Bullard | President Trustee or director, Officer | 2 | $0 | $0 |
| Jennifer J Menard | Treasurer and Clerk Trustee or director, Officer | 1 | $0 | $0 |
| Edward Anthes-Washburn | Vice President Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER DOWNING | EXECUTIVE DIRECTOR Officer | 40 | $114,687 | $14,250 |
| JOHN BULLARD | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| EDWARD ANTHES-WASHBURN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JENNIFER MENARD | SECRETARY & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DALE LEAVITT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SCOTT LIMA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CATE O'KEEFE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN QUINN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL QUINN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS REZENDES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANTHONY SAPIENZA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 128 UNION ST STE 500, NEW BEDFORD, MA 02740-6390
- In care of
- % JOHN BULLARD
- Mailing address (990-N for 2020)
- 1213 PURCHASE STREET, NEW BEDFORD MA 02740
- Principal officer (990 for 2024)
- John Bullard, 1213 Purchase Street Floor 2, New Bedford, MA 02740
- Principal officer (990-N for 2020)
- JOHN BULLARD, 1213 PURCHASE STREET, NEW BEDFORD MA 02740
- Signed the 990
- JOHN BULLARD, President
- Phone
- (508) 474-8902
- Return prepared by
- Lisa Aldrich CPA PC
Mission
To establish New Bedford as the leading ocean economy on the East Coast
Program accomplishments
- The Organizaton works collaboratively with a range of privte sector, public sector, and academic partners to establish New Bedford as the leading ocean economy on the East Coast. Ocean economy encompasses ocean-based industries and the oceans ecosystems.Expenses $511,251 · revenue $221,487
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1778078
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S01)
- Assets (IRS master file)
- $148,340
- Income (IRS master file)
- $553,653
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $553,653 | $721,946 | $148,340 | XML |
| 990 | June 2024 | $721,224 | $838,840 | $344,106 | XML |
| 990 | June 2023 | $792,993 | $461,284 | $445,920 | XML |
| 990 | June 2022 | $507,137 | $437,743 | $337,599 | IRS |
| 990-N for 2020 Officer: JOHN BULLARD | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1778078).
Questions about NEW BEDFORD OCEAN CLUSTER INC
- What is the EIN of NEW BEDFORD OCEAN CLUSTER INC?
- The employer identification number (EIN) of NEW BEDFORD OCEAN CLUSTER INC is 87-1778078.
- Is NEW BEDFORD OCEAN CLUSTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NEW BEDFORD OCEAN CLUSTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW BEDFORD OCEAN CLUSTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW BEDFORD OCEAN CLUSTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW BEDFORD OCEAN CLUSTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW BEDFORD OCEAN CLUSTER INC?
- The 990 for the year ended June 30, 2025 names John Bullard.
- Who are the officers and directors of NEW BEDFORD OCEAN CLUSTER INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $162,948 (Jennifer Downing, Executive Director).
- How much revenue does NEW BEDFORD OCEAN CLUSTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $553,653, expenses of $721,946 and total assets of $148,340 at year end.
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