Massachusetts Business Alliance For Education Inc
- Assets
- $1.5m
- Revenue
- $480.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Boston, MA
- Founding
- 09/1995
- Data as of
- 06/2023
- EIN
- 04-3274599
Organization Overview
Massachusetts Business Alliance For Education Inc is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Massachusetts Business Alliance For Education Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Business Alliance For Education 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 06/2023, Massachusetts Business Alliance For Education Inc generated $480.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $924.8k during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE & SUPPORT CONTINUOUS IMPROVEMENT & INNOVATION IN SCHOOLS TO ENSURE EVERY STUDENT RECEIVES A HIGH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION REFORM - FOR OVER 30 YEARS, MBAE HAS WORKED TO IMPROVE THE COMMONWEALTH'S PUBLIC SCHOOLS ON BEHALF OF EMPLOYERS COMMITTED TO ENSURING ALL STUDENTS GRADUATE HIGH SCHOOL PREPARED FOR SUCCESS IN COLLEGE, CAREER AND CITIZENSHIP. MBAE IS THE ONLY BUSINESS GROUP WITH A SOLE FOCUS ON EDUCATION. OUR EMPHASIS IS ON SYSTEMIC CHANGE THAT IS SUSTAINABLE AND BENEFITS ALL STUDENTS. AMONG OUR CURRENT OBJECTIVES ARE ENSURING EQUITABLE AND EFFECTIVE DISTRIBUTION AND USE OF FUNDING FOR EDUCATION AND MAKING SURE NEW FUNDING IS USED TO IMPROVE STUDENT LEARNING AND CLOSE ACHIEVEMENT GAPS.
COLLEGE/CAREER READINESS - MBAE PROMOTES AN INCREASED FOCUS ON OUR K-12 EDUCATION SYSTEM IN ENSURING GRADUATING STUDENTS HAVE THE SKILLS, EXPOSURE AND CREDENTIALS NECESSARY FOR COLLEGE AND CAREER SUCCESS. MBAE'S CURRENT WORK IS FOCUSED ON CLOSING THE DIGITAL EQUITY GAP BY ADDRESSING DISPARITIES IN ACCESS TO TECHNOLOGY AND EXPANDING ACCESS TO INSTRUCTION IN COMPUTER SCIENCE. THIS IS CRITICAL TO ENSURING ALL STUDENTS ARE PREPARED FOR OPPORTUNITIES IN OUR TECHNOLOGY CENTRIC, KNOWLEDGE BASED ECONOMY. MBAE IS LEADING THE CHARGE TO INCREASE THE NUMBER OF UNDERSERVED STUDENTS ATTAINING THE EXPERIENCE AND CREDENTIALS THEY NEED TO SECURE JOBS IN RELATED FIELDS. ANOTHER PRIORITY IS EXPANDING OPPORTUNITIES FOR STUDENTS TO EARN INDUSTRY RECOGNIZED CREDENTIALS THAT ARE TIED TO THE LABOR MARKET DEMAND.
AFFILIATE NETWORK & COALITION - IN 2014, MBAE RELEASED A GROUNDBREAKING ASSESSMENT OF THE STATE'S EDUCATION SYSTEM. THE NEW OPPORTUNITY TO LEAD: A VISION FOR EDUCATION IN MASSACHUSETTS FOR THE NEXT 20 YEARS. THIS REPORT SOUNDED THE ALARM THAT PERSISTENT EDUCATION ACHIEVEMENT GAPS AND GROWING WORKFORCE SKILLS GAPS THREATEN THE LONG TERM ECONOMIC WELL-BEING OF THE COMMONWEALTH. THE REPORT LAID OUT A COMPREHENSIVE PLAN FOR TRANSFORMING DISTRICTS AND SCHOOLS, SERVING AS A BLUEPRINT FOR MBAE'S WORK. MBAE IS COMMITTED TO BRINGING ABOUT THESE EVIDENCE BASED CHANGES TO DRIVE IMPROVEMENTS IN EDUCATIONAL ACHIEVEMENT AND EQUITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward M Lambert Jr Executive Director | Officer | 40 | $189,083 |
William Walczak Chairman/president | OfficerTrustee | 3 | $0 |
Nick Christ Treasurer | OfficerTrustee | 3 | $0 |
Henry C Dinger ESQ Clerk | OfficerTrustee | 3 | $0 |
Tricia Canavan Director | Trustee | 3 | $0 |
JD Chesloff Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,150 |
| Total Program Service Revenue | $0 |
| Investment income | $10,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $480,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,500 |
| 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. | $189,083 |
| Compensation of current officers, directors, key employees. | $12,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,741 |
| Pension plan accruals and contributions | $39,740 |
| Other employee benefits | $46,647 |
| Payroll taxes | $41,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,525 |
| Advertising and promotion | $14,883 |
| Office expenses | $1,780 |
| Information technology | $2,114 |
| Royalties | $0 |
| Occupancy | $26,220 |
| Travel | $5,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,091 |
| Insurance | $1,858 |
| All other expenses | $0 |
| Total functional expenses | $924,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,276 |
| Savings and temporary cash investments | $992,004 |
| Pledges and grants receivable | $460,000 |
| Accounts receivable, net | $0 |
| 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 | $11,828 |
| Net Land, buildings, and equipment | $1,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,149 |
| Total assets | $1,536,129 |
| Accounts payable and accrued expenses | $33,882 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,949 |
| Total liabilities | $44,831 |
| Net assets without donor restrictions | $587,462 |
| Net assets with donor restrictions | $903,836 |
| 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 | $1,536,129 |