College Bound Dorchester Inc
- Assets
- $3.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Dorchester, MA
- Founding
- 01/1966
- Data as of
- 09/2021
- EIN
- 04-2383512
Organization Overview
College Bound Dorchester Inc is located in Dorchester, MA. The organization was established in 1966. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 09/2021, College Bound Dorchester Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Bound Dorchester Inc 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 09/2021, College Bound Dorchester Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 6 years. 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
TO EQUIP DORCHESTER STUDENTS WITH THE ATTITUDE, SKILLS AND EXPERIENCE TO GRADUATE FROM COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Culliton CEO | Officer | 40 | $234,366 |
Michelle Caldeira Senior VP | 40 | $213,520 | |
Peggyanne Ecclesine Chief Progra | 40 | $175,107 | |
Mike O'toole Board Chair | OfficerTrustee | 2 | $0 |
William Darling Board- Treas | OfficerTrustee | 2 | $0 |
Orin Gutlerner Board-Vice C | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jack Wu & Associates Llc Accounting Service | 9/29/20 | $186,000 |
Teak Media Public Relations | 9/29/20 | $104,925 |
Teak Media Public Relations | 9/29/20 | $104,925 |
Jack Wu & Associates Llc Accounting Service | 9/29/20 | $186,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,032,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,858,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,891,264 |
| Total Program Service Revenue | $0 |
| Investment income | $731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $274,044 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,172,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $234,366 |
| Compensation of current officers, directors, key employees. | $46,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,225,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,971 |
| Payroll taxes | $152,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $527,955 |
| Advertising and promotion | $104,311 |
| Office expenses | $2,010 |
| Information technology | $38,128 |
| Royalties | $0 |
| Occupancy | $85,110 |
| Travel | $10,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,854 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,339 |
| Insurance | $12,098 |
| All other expenses | $23,121 |
| Total functional expenses | $3,381,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $683,537 |
| Savings and temporary cash investments | $711,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,297,004 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,461 |
| Net Land, buildings, and equipment | $360,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,089,094 |
| Accounts payable and accrued expenses | $563,976 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $105,000 |
| Secured mortgages and notes payable | $692,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,361,902 |
| Net assets without donor restrictions | $1,277,192 |
| Net assets with donor restrictions | $450,000 |
| 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 | $3,089,094 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that College Bound Dorchester Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
James C Melvin Trust U/Will Nect % J B Ames F Burr & A Fuller Ttee Boston, MA PURPOSE: SCHOLARSHIP/AID | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seamens Society For Children And Families Staten Island, NY | $5,020,134 | $20,127,273 |
Family Services Inc Poughkeepsie, NY | $11,302,603 | $22,651,312 |
United Services Inc Dayville, CT | $3,965,594 | $17,625,603 |
Child And Family Agency Of Southeastern Connecticut Inc New London, CT | $12,921,449 | $16,904,528 |
The Campaign Against Hunger Inc Brooklyn, NY | $6,995,780 | $16,531,662 |
Project Hope Boston Inc Roxbury, MA | $9,700,637 | $15,440,351 |
Leo Inc Lynn, MA | $14,551,712 | $12,741,162 |
Fcp Inc Lawrence, MA | $5,245,913 | $11,316,943 |
Klingberg Comprehensive Family Services Inc New Britain, CT | $2,451,904 | $8,586,410 |
Lifebridge Community Services Inc Bridgeport, CT | $3,971,886 | $9,629,433 |
Lund Family Center Inc Burlington, VT | $14,280,825 | $12,698,589 |
Northern Rivers Family Services Inc Albany, NY | $4,685,256 | $10,370,126 |