Metropolitan Council For Educational Opportunity Metco Inc
- Assets
- $2.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 58
- Location
- Roxbury, MA
- Founding
- 09/1969
- Data as of
- 06/2022
- EIN
- 04-6179391
Organization Overview
Metropolitan Council For Educational Opportunity Metco Inc is located in Roxbury, MA. The organization was established in 1969. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Metropolitan Council For Educational Opportunity Metco Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Council For Educational Opportunity Metco 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 06/2022, Metropolitan Council For Educational Opportunity Metco Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROMOTE QUALITY INTEGRATED EDUCATION FOR MINORITY PUBLIC SCHOOL STUDENTS RESIDING IN THE BOSTON AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEEING ENROLLMENT AND SCHOOL ASSIGNMENTS OF BOSTON RESIDENTS IN PARTNER DISTRICTS AND PROVIDING SUPPORT SERVICES IN BOSTON TO ALL METCO FAMILIES, ENSURING THAT STUDENTS AND FAMILIES ARE SUCCESSFUL AND ENGAGED IN THEIR UNIQUE EDUCATIONAL EXPERIENCES.
PROVIDING EDUCATIONAL SUPPORT SERVICES: SUMMER SCHOOL EDUCATION.
HOST COMMUNITY EVENTS DIRECTED TOWARDS ART PROGRAMS AND SELECT IN SCHOOL ARTS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milagros Arbaje-Thomas President & CEO | Officer | 40 | $201,206 |
Kim Houston Director Of Finance | Officer | 5 | $109,402 |
Mable Reid- Walace Board Vice Chair | OfficerTrustee | 10 | $0 |
Wayne Ogden Secretary | OfficerTrustee | 10 | $0 |
Beth Williams-Breault Board Member | OfficerTrustee | 10 | $0 |
Cheryl Antoine Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,988,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,199,561 |
| Total Program Service Revenue | $66,359 |
| Investment income | $20 |
| 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 | $2,265,940 |
| 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. | $310,609 |
| Compensation of current officers, directors, key employees. | $80,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $716,674 |
| Pension plan accruals and contributions | $42,998 |
| Other employee benefits | $95,906 |
| Payroll taxes | $90,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,091 |
| Advertising and promotion | $34,947 |
| Office expenses | $42,429 |
| Information technology | $20,670 |
| Royalties | $0 |
| Occupancy | $150,225 |
| Travel | $19,655 |
| 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 | $100,746 |
| Insurance | $10,275 |
| All other expenses | $44,051 |
| Total functional expenses | $2,060,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,250,796 |
| Savings and temporary cash investments | $43,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $527,718 |
| 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 | $4,060 |
| Net Land, buildings, and equipment | $272,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,098,974 |
| Accounts payable and accrued expenses | $94,362 |
| 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 | $30,945 |
| Total liabilities | $125,307 |
| Net assets without donor restrictions | $1,891,681 |
| Net assets with donor restrictions | $81,986 |
| 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 | $2,098,974 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metropolitan Council For Educational Opportunity Metco Inc has recieved totaling $9,200.
| Awarding Organization | Amount |
|---|---|
Alan Thayer Mudge Memorial Fund Inc Sherborn, MA PURPOSE: ENHANCE THE QUALITY OF EDUCATION | $9,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |