Paraclete Center Inc
- Assets
- $2.0m
- Revenue
- $174.6k
- Investments
- $0.0
- Employees
- 0
- Location
- South Boston, MA
- Founding
- 09/1996
- Data as of
- 12/2020
- EIN
- 04-3309563
Organization Overview
Paraclete Center Inc is located in South Boston, MA. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paraclete Center 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 12/2020, Paraclete Center Inc generated $174.6k 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 (11.4%) each year. All expenses for the organization totaled $328.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF YOUNG PEOPLE AND THEIR COMMUNITIES THROUGH EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DID NOT CONDUCT PROGRAMS DURING 2021. WE LET OUR STAFF GO AT THE END OF DECEMBER 2020 DUE TO COVID ISSUES AND THE INABILITY TO CONDUCT OUR NORMAL, IN PERSON FUNDRAISERS. THE BOARD MET CONTINUOUSLY DURING 2021 TO DETERMINE THE FUTURE OF THE PROGRAM. WE ENGAGED A NON-PROFIT CONSULTANT IN THE SUMMER OF 2021 AND THE RESULT OF THAT MONTH'S LONG ENGAGEMENT WAS A VOTE TO SELL OUR BUILDING AND USE THE EVENTUAL SALE PROCEEDS TO FUND SCHOLARSHIPS FOR CITY YOUTH. CURRENTLY, THE ORGANIZATION CONTINUES TO OWN AND OCCUPY THE BUILDING. MOST OF THE EXPENSES ASSOCIATED WITH MAINTAINING THE BUILDING AND THE CORPORATION HAVE BEEN ALLOCATED TO PROGRAMS.
ONGOING GRANTS TO RWANDAN CONNECTIONS TO PROVIDE FOR NUTRITION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Hynes Board Member | Trustee | 2 | $1,533 |
Nagib Charles Incoming Treasurer | OfficerTrustee | 2 | $0 |
Arthur Murphy Treasurer | OfficerTrustee | 2 | $0 |
Peter Gelzinis President | OfficerTrustee | 2 | $0 |
Navil Charles Clerk | OfficerTrustee | 2 | $0 |
Anna Daidone Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,131 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,282 |
| Noncash contributions included in lines 1a–1f | $18,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,413 |
| Total Program Service Revenue | $0 |
| Investment income | $33 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $58,840 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,177 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,029 |
| Advertising and promotion | $100 |
| Office expenses | $2,569 |
| Information technology | $2,133 |
| Royalties | $0 |
| Occupancy | $32,961 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,652 |
| Insurance | $3,104 |
| All other expenses | $562 |
| Total functional expenses | $328,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,997 |
| Savings and temporary cash investments | $7,353 |
| Pledges and grants receivable | $0 |
| 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 | $3,860 |
| Net Land, buildings, and equipment | $1,979,313 |
| Investments—publicly traded securities | $1,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,997,798 |
| Accounts payable and accrued expenses | $25,519 |
| Grants payable | $0 |
| Deferred revenue | $11,000 |
| 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 | $19,401 |
| Other liabilities | $0 |
| Total liabilities | $55,920 |
| Net assets without donor restrictions | $1,941,878 |
| 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 | $1,997,798 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Paraclete Center Inc has recieved totaling $34,300.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $26,800 |
Boston After School & Beyond Inc Boston, MA PURPOSE: TO FURTHER THE MISSION OF THE SUMMER LEARNING COMMUNITY | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |