New England Law Boston
- Assets
- $100.2m
- Revenue
- $57.6m
- Investments
- $0.0
- Employees
- 252
- Location
- Boston, MA
- Founding
- 06/1985
- Data as of
- 06/2022
- 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 06/2022, New England Law Boston employed 252 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 06/2022, New England Law Boston generated $57.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $55.8m during the year ending 06/2022. While expenses have increased by 8.8% 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
EDUCATION OF STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION-PRIMARY SERVICES OF NEW ENGLAND LAW | BOSTON IS EDUCATIONOF STUDENTS-NUMBER OF STUDENTS ENROLLED 1067, NUMBER OF STUDENTSGRADUATED 283
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Balboni Albert Chairman | OfficerTrustee | 35 | $0 |
Bardi Richard Trustee | Trustee | 2.5 | $0 |
Brown Peter Hon President Of The Corporation/trustee | OfficerTrustee | 3 | $0 |
Casey William Secretary/clerk Of The Corporation/trustee | OfficerTrustee | 20 | $0 |
Cowin Jackie Hon Trustee | Trustee | 2.5 | $0 |
Crawford Susan Hon Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Color Lithographers Printing And Marketing Services | 6/29/22 | $315,921 |
Boathouse Group Marketing Serivices | 6/29/22 | $239,807 |
Prince Lobel Llp Legal Services | 6/29/22 | $230,618 |
Gov Connection Inc It Services | 6/29/22 | $118,212 |
Beacon Hill Staffing Group Llc Temp. Agency | 6/29/22 | $113,807 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $764,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,812 |
| Total Program Service Revenue | $52,905,526 |
| Investment income | $3,537,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $640,618 |
| Net Gain/Loss on Asset Sales | -$641,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,554,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,109,276 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,171,605 |
| Compensation of current officers, directors, key employees. | $558,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,498,977 |
| Pension plan accruals and contributions | $908,606 |
| Other employee benefits | $1,335,398 |
| Payroll taxes | $727,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $299,814 |
| Fees for services: Accounting | $81,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,122,656 |
| Advertising and promotion | $500,995 |
| Office expenses | $915,736 |
| Information technology | $735,658 |
| Royalties | $0 |
| Occupancy | $1,166,419 |
| Travel | $40,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,266 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,102,938 |
| Insurance | $4,454 |
| All other expenses | $0 |
| Total functional expenses | $55,796,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,006 |
| Savings and temporary cash investments | $1,586,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $289,474 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $556,945 |
| Net Land, buildings, and equipment | $14,564,182 |
| Investments—publicly traded securities | $82,844,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,157,592 |
| Accounts payable and accrued expenses | $2,501,372 |
| Grants payable | $0 |
| Deferred revenue | $235,228 |
| 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 | $304,217 |
| Total liabilities | $3,040,817 |
| Net assets without donor restrictions | $93,690,964 |
| Net assets with donor restrictions | $3,425,811 |
| 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 | $100,157,592 |