North Bennet Street School
- Assets
- $57.8m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 85
- Location
- Boston, MA
- Founding
- 05/1927
- Data as of
- 07/2021
- 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 07/2021, North Bennet Street School employed 85 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 07/2021, North Bennet Street School generated $8.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.8m during the year ending 07/2021. While expenses have increased by 0.5% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POST SECONDARY VOCATIONAL SCHOOL
Describe the Organization's Program Activity:
CABINET AND FURNITURE MAKING - FULL TIME TRADE PROGRAM IN CABINET AND FURNITURE MAKING
CARPENTRY - FULL TIME TRADE PROGRAM IN CARPENTRY
PRESERVATION CARPENTRY - FULL TIME TRADE PROGRAM IN PRESERVATION CARPENTRY.
OTHER PROGRAM SERVICES SUCH AS BOOKBINDING, JEWELRY MAKING, LOCKSMITHING, PIANO TECHNOLOGY, VIOLIN, AND GALLERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Turner President | OfficerTrustee | 40 | $202,608 |
Colleen Walsh Powell Dir. Of Development | 40 | $136,892 | |
Claire Fruitman Provost | 40 | $126,634 | |
Levi Barrett Director Of Finance | Officer | 40 | $113,269 |
Robert O'dwyer Dir. Of Admissions | 40 | $104,022 | |
Kevin Derrick Dir. Of Marketing | 40 | $100,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,780,081 |
| Noncash contributions included in lines 1a–1f | $11,433 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,780,081 |
| Total Program Service Revenue | $2,713,262 |
| Investment income | $503,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $434,918 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,300 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,454,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $637,781 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $341,375 |
| Compensation of current officers, directors, key employees. | $266,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,664,460 |
| Pension plan accruals and contributions | $46,793 |
| Other employee benefits | $229,695 |
| Payroll taxes | $230,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,961 |
| Fees for services: Accounting | $30,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,918 |
| Fees for services: Other | $224,108 |
| Advertising and promotion | $132,332 |
| Office expenses | $326,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $417,756 |
| Travel | $51,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $791,374 |
| Insurance | $84,066 |
| All other expenses | $0 |
| Total functional expenses | $6,833,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,752,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $816,566 |
| Accounts receivable, net | $530,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $247,699 |
| Prepaid expenses and deferred charges | $70,105 |
| Net Land, buildings, and equipment | $24,591,921 |
| Investments—publicly traded securities | $28,763,253 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,772,831 |
| Accounts payable and accrued expenses | $314,853 |
| Grants payable | $0 |
| Deferred revenue | $311,956 |
| 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 | $626,809 |
| Net assets without donor restrictions | $30,345,811 |
| Net assets with donor restrictions | $26,800,211 |
| 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 | $57,772,831 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Bennet Street School has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Frank M Barnard Foundation Inc Naples, FL PURPOSE: ALL GRANTS ARE FOR THE PURPOSE OF THE EXEMPT ORG. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
All Our Kin Inc New Haven, CT | $6,225,964 | $7,705,066 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
North Bennet Street School Boston, MA | $57,772,831 | $8,454,312 |
Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
American Academy Mcallister Institute Of Funeral Service Inc New York, NY | $4,267,692 | $5,884,780 |
Pipefitters Local Union No 537 Education Trust Dorchester, MA | $52,682,067 | $10,001,027 |
Propel America Boston, MA | $3,917,614 | $6,072,902 |
Finishing Trades Institute Of New York New York, NY | $16,930,233 | $2,729,484 |
Sheet Metal Workers Local Union No 28 Education Fund Jamaica, NY | $12,641,253 | $5,378,417 |
Side By Side Charter School Inc Norwalk, CT | $5,501,040 | $3,036,601 |