The New England Council Inc
Overview
Mission
To foster growth of the competitive enterprise system of business in new england; to develop and maintain comprehensive views of new england conditions and problems; to secure recognition of the commonality of economic interest specific to the new england region that transcends current political boundaries; to bring together the interests most concerned with any new england problem, and to promote cooperative action by such interests; to enable new england to speak with a single voice and to act with a united purpose; to promote the adoption of policies best calculated to further new england's development and prosperity, consistent with the national interest, and through existing organizations, to secure constructive coordinated action in support of such policies and, to carry on any other activity without profit to the organizations or any private individual (within the meaning of section 501(c)(6) of the internal revenue code of 1986).
What it reported doing in 2024
The council's membership represents over 600 business andfor members to participate in, either in-person or virtually. These programs included events with members of congress from all six newengland states and beyond, governors, federal agency officials, foreignambassadors, and experts from within our membership. The council hosted two signature annual events, our two-day Washington leaders' conference in Washington, dc, in may, and our annual celebration inboston in september, during which the council presented its newenglander of the year awards. The council advocated at the federal level on a wide array of policy issues impacting the region's economic well-being, and published regular electronic newsletters and policy program service accomplishments: updates to keep members apprised of council activity and keydevelopments in congress and the federal government.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 041661090
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Headquarters
- Boston, MA, USA
- Phone
- 6177234009
- Rating confidence
- Limited
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 71
- Accountability: 99
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 5th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 27.1%; rating input score 27; 13th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 99%; rating input score 99; 27th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.8%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 3.36; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 34.3%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 95 of 96 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $986K · 98 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $141K reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 12 annual filings from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Leadership & pay
98 people listed
Highest reported compensation
- JAMES T BRETT (SECRETARY): $985,508 total reported compensation
- LAWRENCE E ZABAR (EXECUTIVE VICE PRESIDENT): $438,386 total reported compensation
- EMILY HEISIG (SVP COMMUNICATION): $242,510 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.