New England Law Boston
- Assets
- $111.8m
- Revenue
- $46.2m
- Investments
- $0.0
- Employees
- 214
- Location
- Boston, MA
- Founding
- 06/1985
- Data as of
- 06/2021
- EIN
- 04-2152671
Organization Overview
New England Law Boston is located in Boston, MA. The organization was established in 1985. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, New England Law Boston employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Law Boston 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 06/2021, New England Law Boston generated $46.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $47.9m during the year ending 06/2021. While expenses have increased by 7.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION-PRIMARY SERVICES OF NEW ENGLAND LAW | BOSTON IS EDUCATION OF STUDENTS-NUMBER OF STUDENTS ENROLLED 866, NUMBER OF STUDENTS GRADUATED 148
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O'brien John Pres./ceo-Former - 12/31/20 | Officer | 70 | $4,799,877 |
Dussias Allison Acting Dean | Officer | 50 | $298,641 |
Greenberg Judith Professor | 40 | $289,444 | |
Martorana Anne Marie CFO | Officer | 50 | $252,501 |
Sorenson Charles Professor | 40 | $217,745 | |
Monserud Gary Professor | 40 | $213,526 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prince Lobel Llp Legal Services | 6/29/21 | $129,278 |
Boathouse Group Public Relations/marketing | 6/29/21 | $408,693 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $818,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $464,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,283,053 |
| Total Program Service Revenue | $43,343,269 |
| Investment income | $417,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $550,000 |
| Net Gain/Loss on Asset Sales | $542,589 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,208,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,071,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,045,375 |
| Compensation of current officers, directors, key employees. | $319,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,341,261 |
| Pension plan accruals and contributions | $908,477 |
| Other employee benefits | $1,272,452 |
| Payroll taxes | $752,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,823 |
| Fees for services: Accounting | $84,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,371 |
| Advertising and promotion | $485,701 |
| Office expenses | $579,245 |
| Information technology | $769,665 |
| Royalties | $0 |
| Occupancy | $830,866 |
| Travel | $13,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,928 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,172,420 |
| Insurance | $3,698 |
| All other expenses | $0 |
| Total functional expenses | $47,886,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,873 |
| Savings and temporary cash investments | $1,455,531 |
| Pledges and grants receivable | $399,758 |
| Accounts receivable, net | $349,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $342,252 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $419,067 |
| Net Land, buildings, and equipment | $15,311,217 |
| Investments—publicly traded securities | $93,453,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $111,835,752 |
| Accounts payable and accrued expenses | $2,602,556 |
| Grants payable | $0 |
| Deferred revenue | $192,595 |
| 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 | $1,167,891 |
| Total liabilities | $3,963,042 |
| Net assets without donor restrictions | $104,335,300 |
| Net assets with donor restrictions | $3,537,410 |
| 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 | $111,835,752 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New England Law Boston has recieved totaling $30,450.
| Awarding Organization | Amount |
|---|---|
Accesslex Institute West Chester, PA PURPOSE: PROGRAM SUPPORT/RESEARCH | $25,000 |
Profesta Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 06/21/21 | $250 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $200 |
Endowment Analysis
| Beg. Balance | $81,774,844 |
| Earnings | $10,508,426 |
| Net Contributions | $15,250 |
| Grants | $4,250,000 |
| Ending Balance | $88,048,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |
Touro University New York, NY | $112,668,496 | $69,634,843 |
Albany College Of Pharmacy And Health Sciences Albany, NY | $159,389,370 | $62,205,490 |
New England Law Boston Boston, MA | $111,835,752 | $46,208,385 |
Albany Law School Albany, NY | $122,483,245 | $40,164,228 |
International Federation Of Accountants New York, NY | $24,926,636 | $31,445,814 |
Gordon Conwell Theological Seminary Inc South Hamilton, MA | $116,606,718 | $30,704,023 |
Union Theological Seminary New York, NY | $238,656,208 | $35,345,843 |