Wayside Youth & Family Support Network
- Assets
- $52.3m
- Revenue
- $49.5m
- Investments
- $398.3k
- Employees
- 667
- Location
- Framingham, MA
- Founding
- 01/1979
- Data as of
- 06/2022
- EIN
- 04-2630450
Organization Overview
Wayside Youth & Family Support Network is located in Framingham, MA. The organization was established in 1979. 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 06/2022, Wayside Youth & Family Support Network employed 667 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayside Youth & Family Support Network 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, Wayside Youth & Family Support Network generated $49.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $45.4m during the year ending 06/2022. While expenses have increased by 5.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING CHILDREN, YOUNG ADULTS AND FAMILIES TO ACHIEVE GREATER INDEPENDENCE AND EMOTIONAL WELL-BEING.
Describe the Organization's Program Activity:
COMMUNITY SERVICES - PROVIDES INTENSIVE, FLEXIBLE SERVICES DESIGNED TO PROVIDE SHORT-TERM, HOME BASED FAMILY SERVICES INCLUDING COUNSELING, PARENT EDUCATION, ADVOCACY AND RESPITE. ALSO PROVIDES A FULL RANGE OF VICTIM SUPPORT AND POSITIVE YOUTH DEVELOPMENT SERVICES.
CAMPUS AND OUTPATIENT SERVICES - PROVIDES RESIDENTIAL SERVICES FOR BOTH SHORT AND LONG TERM TREATMENT OF ADOLESCENTS AND YOUNG ADULTS WHO REQUIRE A STRUCTURED DAY PROGRAM OR A 24-HOUR A DAY GROUP HOME SETTING.
YOUNG ADULT - PROVIDES COMMUNITY RESOURCE CENTERS AND SUPPORTIVE LIVING PROGRAMS FOR YOUNG MEN AND WOMEN TRANSITIONING TO ADULTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Aglio-Girellio Board Member | Trustee | 2 | $0 |
Gregg Andonian Board Member | Trustee | 2 | $0 |
Edward Cohen Board Member | Trustee | 2 | $0 |
Jake Hepler Board Member | Trustee | 2 | $0 |
James Mitrano Board Member | Trustee | 2 | $0 |
Michelle Simms Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arbor Associates Inc Staffing Solutions | 6/29/22 | $217,565 |
Krokidas & Bluestein Llp Legal | 6/29/22 | $131,555 |
Nfi Massachusetts Staffing Solutions | 6/29/22 | $124,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,057 |
| Related organizations | $0 |
| Government grants | $3,459,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,582,568 |
| Total Program Service Revenue | $45,712,967 |
| Investment income | $156,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$80,736 |
| Net Income from Fundraising Events | -$4,498 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,542,386 |
| 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. | $1,069,182 |
| Compensation of current officers, directors, key employees. | $579,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,318,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,492,653 |
| Payroll taxes | $2,066,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $365,151 |
| Fees for services: Accounting | $66,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,120 |
| Fees for services: Other | $2,969,642 |
| Advertising and promotion | $237,436 |
| Office expenses | $234,306 |
| Information technology | $134,031 |
| Royalties | $0 |
| Occupancy | $1,485,651 |
| Travel | $263,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $422,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,206,881 |
| Insurance | $409,475 |
| All other expenses | $293,147 |
| Total functional expenses | $45,355,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,656,532 |
| Savings and temporary cash investments | $196,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,263,031 |
| 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 | $727,603 |
| Net Land, buildings, and equipment | $24,357,356 |
| Investments—publicly traded securities | $8,963,282 |
| Investments—other securities | $398,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $772,507 |
| Total assets | $52,335,073 |
| Accounts payable and accrued expenses | $3,194,381 |
| Grants payable | $0 |
| Deferred revenue | $903,204 |
| Tax-exempt bond liabilities | $11,497,782 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,880,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $744,087 |
| Total liabilities | $18,219,965 |
| Net assets without donor restrictions | $34,113,761 |
| Net assets with donor restrictions | $1,347 |
| 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 | $52,335,073 |