North Bennet Street School
- Assets
- $54.8m
- Revenue
- $9.0m
- Investments
- $16.7k
- Employees
- 107
- Location
- Boston, MA
- Founding
- 05/1927
- Data as of
- 07/2022
- EIN
- 04-2103830
Organization Overview
North Bennet Street School is located in Boston, MA. The organization was established in 1927. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 07/2023, North Bennet Street School employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Bennet Street School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, North Bennet Street School generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $7.9m during the year ending 07/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY VOCATIONAL SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CABINET AND FURNITURE MAKING - FULL TIME TRADE PROGRAM IN CABINET AND FURNITURE MAKING.
OTHER PROGRAM SERVICES SUCH AS BOOKBINDING, JEWELRY MAKING, LOCKSMITHING, PIANO TECHNOLOGY, VIOLIN, AND GALLERY.
CARPENTRY - FULL TIME TRADE PROGRAM IN CARPENTRY.
PRESERVATION CARPENTRY - FULL TIME TRADE PROGRAM IN PRESERVATION CARPENTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Turner President | OfficerTrustee | 40 | $217,262 |
Geneva Thorndike Chair | OfficerTrustee | 1 | $0 |
Lindsa Mcintyre Vice Chair | OfficerTrustee | 1 | $0 |
Matthew Day Treasurer | OfficerTrustee | 1 | $0 |
Mark Hauser Clerk | OfficerTrustee | 1 | $0 |
Melba Abreu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $152,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,249,493 |
| Noncash contributions included in lines 1a–1f | $2,581,140 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,402,277 |
| Total Program Service Revenue | $3,752,223 |
| Investment income | $646,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,825 |
| Net Gain/Loss on Asset Sales | $182,662 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,215 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,003,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,076,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,457 |
| Compensation of current officers, directors, key employees. | $268,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,840,987 |
| Pension plan accruals and contributions | $84,600 |
| Other employee benefits | $226,763 |
| Payroll taxes | $257,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,491 |
| Fees for services: Accounting | $49,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,195 |
| Fees for services: Other | $284,094 |
| Advertising and promotion | $154,385 |
| Office expenses | $94,771 |
| Information technology | $151,199 |
| Royalties | $0 |
| Occupancy | $581,996 |
| Travel | $70,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $789,889 |
| Insurance | $92,420 |
| All other expenses | $0 |
| Total functional expenses | $7,891,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,745 |
| Savings and temporary cash investments | $1,000,800 |
| Pledges and grants receivable | $47,986 |
| Accounts receivable, net | $41,543 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $215,493 |
| Prepaid expenses and deferred charges | $62,529 |
| Net Land, buildings, and equipment | $23,802,267 |
| Investments—publicly traded securities | $29,354,556 |
| Investments—other securities | $16,738 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,825,657 |
| Accounts payable and accrued expenses | $355,791 |
| Grants payable | $0 |
| Deferred revenue | $369,343 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $725,134 |
| Net assets without donor restrictions | $28,062,168 |
| Net assets with donor restrictions | $26,038,355 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,825,657 |