Massachusetts Bar Institute
- Assets
- $1.7m
- Revenue
- $718.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1996
- Data as of
- 08/2022
- EIN
- 04-3293798
Organization Overview
Massachusetts Bar Institute is located in Boston, MA. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Bar Institute 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 08/2022, Massachusetts Bar Institute generated $718.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
THE INSTITUTE DEVELOPS AND DELIVERS EDUCATIONAL PROGRAMS; PUBLISHES SCHOLARLY PUBLICATIONS; DEVELOPS AND IMPLEMENTS COMMUNITY AND PUBLIC SERVICE PROGRAMS; AND PROMOTES THE ADMINISTRATION OF JUSTICE AND RESPECT FOR THE LAW.
Describe the Organization's Program Activity:
EDUCATIONAL SEMINARS AND CONFERENCES
PUBLICATIONS
PUBLIC SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas M Bond President | OfficerTrustee | 2 | $0 |
Grace V B Garcia President-Elect | OfficerTrustee | 2 | $0 |
Damian J Turco Vice President | OfficerTrustee | 2 | $0 |
Victoria M Santoro Mair Treasurer | OfficerTrustee | 2 | $0 |
Michael H Hayden Secretary | OfficerTrustee | 2 | $0 |
Martin W Healy Acting Executive Director/general Counsel | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,841 |
| Total Program Service Revenue | $244,554 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,290 |
| 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 | $718,705 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,084 |
| Office expenses | $61,421 |
| Information technology | $17,550 |
| Royalties | $0 |
| Occupancy | $299,108 |
| Travel | $3,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,699 |
| Interest | $60,000 |
| Payments to affiliates | $464,004 |
| Depreciation, depletion, and amortization | $134,242 |
| Insurance | $13,463 |
| All other expenses | $0 |
| Total functional expenses | $1,135,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $44,171 |
| Net Land, buildings, and equipment | $1,509,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,678,923 |
| Accounts payable and accrued expenses | $100,174 |
| 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 | $17,033,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,134,073 |
| Net assets without donor restrictions | -$15,455,150 |
| Net assets with donor restrictions | $0 |
| 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 | $1,678,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Bar Institute Boston, MA | $1,678,923 | $718,705 |
Lucis Trust And Arcane School New York, NY | $4,501,097 | $637,536 |
Vermont Ethics Network Inc Montpelier, VT | $149,356 | $471,209 |
Center For Continuing Education Inc Mamaroneck, NY | $401,056 | $329,679 |
Afikim Inc Brooklyn, NY | $1,064,927 | $65,535 |
Lifetime Learners Institute Inc Norwalk, CT | $83,001 | $0 |
Foundation Of Arts Music And Education Bedford Hills, NY | $16,798 | $22,991 |
Maurice A Recanati Foundation Inc Bearsville, NY | $52,713 | $3,912 |