Metro North Regional Employment Board
- Assets
- $4.3m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Cambridge, MA
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 04-3279555
Organization Overview
Metro North Regional Employment Board is located in Cambridge, MA. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Metro North Regional Employment Board employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro North Regional Employment Board 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, Metro North Regional Employment Board generated $8.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $8.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Metro North Regional Employment Board has awarded 165 individual grants totaling $27,150,672. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AS THE POLICY AND OVERSIGHT BOARD FOR THE WORKFORCE DEVELOPMENT SYSTEM IN MASSACHUSETTS METRO NORTH REGION;TO OVERSEE THE IMPLEMENTATION OF STATE/FEDERAL LEGISLATIVE INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE STOP CAREER CENTERS (OSCC) - POLICY AND ADMINISTRATIVE OVERSIGHT OF TWO OSCC'S. OSCC'S ASSIST INDIVIDUALS IN ACHIEVING SELF-SUFFICIENCY THROUGH THE RECEIPT OF HIGH-QUALITY COMPREHENSIVE SERVICES THROUGH THE STATE EMPLOYMENT NETWORK.
WORKFORCE INNOVATION OPPORTUNITY ACT (WIOA) - FISCAL AGENT FOR MNREB'S TWO OSCC'S AND SEVEN OTHER PUBLICLY FUNDED AGENCIES THAT PROVIDING TRAINING AND EMPLOYMENT ASSISTANCE TO QUALIFIED AMERICAN RESIDENTS UNDER WIOA PROGRAM.
YOUTH WORKS - YOUTH WORK PROGRAM FUNDED BY COMMONWEALTH CORPORATION DESIGNED TO PROVIDE JOBS FOR AT RISK YOUTH IN BOSTON'S METRO NORTH AREA.
ADULT BASIC EDUCATION - THIS PROGRAM IS DESIGNED FOR THE ADMINISTRATION OF ADULT BASIC EDUCATION AND ENGLISH AS SECOND LANGUAGE PROGRAMS AND RELATED FUNDING IS PASSED THROUGH TO SEVEN EDUCATIONAL AGENCIES. CONNECTING ACTIVITIES - THIS PROGRAM WAS DESIGNED FOR THE DEVELOPMENT, OVERSIGHT, AND INTEGRATION OF SCHOOL-TO-WORK INTO A SYSTEM OF EDUCATION AND WORKFORCE DEVELOPMENT AND RELATED FUNDING IS PASSED THROUGH TO THE ORGANIZATION'S TWO CAREER CENTERS. ADVANCED MANUFACTURING TRAINING PROGRAM - THIS PROGRAM IS DESIGNED TO PROVIDE ADVANCED MANUFACTURING TRAINING TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS. CAREER OPPORTUNITIES IN RETAIL - THIS PROGRAM IS DESIGNED TO IMPROVE THE PERCEPTION OF RETAIL CAREERS AMONG JOB SEEKERS BY DEMONSTRATING THE SECTORS VARIED CAREER PATHWAY AND OPPORTUNITIES FOR ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Albrizio-Lee President An | Officer | 35 | $116,100 |
Richard Dalton CFO | Officer | 35 | $112,596 |
Colleen Moran Vice Chair | OfficerTrustee | 1 | $0 |
Susan Walsh Clerk | OfficerTrustee | 1 | $0 |
Carson Burrington Chair | OfficerTrustee | 1 | $0 |
Valerie Sutton Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,381,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,520,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,901,615 |
| Total Program Service Revenue | $0 |
| Investment income | $13,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,929,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,212,803 |
| 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. | $308,905 |
| Compensation of current officers, directors, key employees. | $91,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,251,710 |
| Pension plan accruals and contributions | $38,206 |
| Other employee benefits | $177,646 |
| Payroll taxes | $121,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $25,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,900 |
| Advertising and promotion | $3,472 |
| Office expenses | $25,770 |
| Information technology | $35,192 |
| Royalties | $0 |
| Occupancy | $143,862 |
| Travel | $6,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,338 |
| Insurance | $8,806 |
| All other expenses | $9,878 |
| Total functional expenses | $8,897,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,253 |
| Savings and temporary cash investments | $400,027 |
| Pledges and grants receivable | $3,274,283 |
| 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 | $42,810 |
| Net Land, buildings, and equipment | $4,000 |
| Investments—publicly traded securities | $450,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,304,049 |
| Accounts payable and accrued expenses | $3,048,084 |
| Grants payable | $0 |
| Deferred revenue | $2,668 |
| 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 | $148,988 |
| Other liabilities | $104,453 |
| Total liabilities | $3,304,193 |
| Net assets without donor restrictions | $573,639 |
| Net assets with donor restrictions | $426,217 |
| 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 | $4,304,049 |
Grants Awarded
Over the last fiscal year, Metro North Regional Employment Board has awarded $5,925,803 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ABCD COMPANY PURPOSE: JOB TRAINING & PLACE | $3,512,016 |
Chelsea, MA PURPOSE: JOB TRAINING & PLACE | $473,592 |
CITY OF MALDEN PURPOSE: JOB TRAINING & PLACE | $229,483 |
CITY OF REVERE PURPOSE: JOB TRAINING & PLACE | $202,193 |
CITY OF EVERETT PURPOSE: JOB TRAINING & PLACE | $190,885 |
Cambridge, MA PURPOSE: JOB TRAINING & PLACE | $128,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Metro North Regional Employment Board has recieved totaling $84,400.
| Awarding Organization | Amount |
|---|---|
Essex County Community Foundation Incorporated Danvers, MA | | $70,000 |
Masshire Hampden County Workforce Board Inc Springfield, MA PURPOSE: CAREER SERVICES | $14,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Vermont Associates For Training & Development Inc St Albans, VT | $530,190 | $11,812,343 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |
Eastern Connecticut Workforce Investment Board Inc Franklin, CT | $2,220,849 | $11,033,375 |
Workforce Alliance Inc New Haven, CT | $2,201,686 | $11,291,916 |
Academy Of Management Inc Briarcliff Manor, NY | $56,747,597 | $15,919,073 |
Career Resources Inc Bridgeport, CT | $3,329,042 | $9,544,012 |
Metro North Regional Employment Board Cambridge, MA | $4,304,049 | $8,929,878 |
Superior Direct Care Inc New York, NY | $54,824 | $8,386,212 |