Metalwerx Inc
- Assets
- $554.6k
- Revenue
- $782.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Waltham, MA
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 13-4261443
Organization Overview
Metalwerx Inc is located in Waltham, MA. The organization was established in 2006. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Metalwerx Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metalwerx 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 12/2021, Metalwerx Inc generated $782.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $692.1k during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL IN THE FIELD OF METALSMITHING, METALWORKING & JEWELRY MAKING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IN ARTISTIC ENDEAVORS - METALWORK JEWELERY MAKING
SCHOLARSHIPS AWARDED
EDUCATION IN ARTISTIC ENDEAVORS - METALWORK JEWELERY MAKING
SCHOLARSHIPS AWARDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Eid Secretary | OfficerTrustee | 1 | $15,250 |
Victoria Lansford Director | Trustee | 1 | $0 |
Sharon Lawler Treasurer | OfficerTrustee | 1 | $0 |
Shing Hsieh Vice President | OfficerTrustee | 1 | $0 |
Ellen Carno President | OfficerTrustee | 1 | $0 |
Asta Muldoon Director | Trustee | 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 | $121,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,996 |
| Total Program Service Revenue | $561,742 |
| Investment income | $1,102 |
| 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 | $782,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,335 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,702 |
| Compensation of current officers, directors, key employees. | $18,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,728 |
| Payroll taxes | $21,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,693 |
| Advertising and promotion | $2,666 |
| Office expenses | $12,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,800 |
| Travel | $3,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,854 |
| Insurance | $6,456 |
| All other expenses | $12,217 |
| Total functional expenses | $692,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,702 |
| Savings and temporary cash investments | $154,720 |
| Pledges and grants receivable | $32,000 |
| Accounts receivable, net | $7,661 |
| 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 | $0 |
| Net Land, buildings, and equipment | $669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $75,318 |
| Other assets | $29,530 |
| Total assets | $554,600 |
| Accounts payable and accrued expenses | $55,756 |
| Grants payable | $0 |
| Deferred revenue | $139,917 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $345,674 |
| Net assets without donor restrictions | $200,546 |
| Net assets with donor restrictions | $8,380 |
| 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 | $554,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metalwerx Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Deborah A Hawkins Char Tr Boston, MA PURPOSE: CHARITABLE | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cardinal Cushing Centers Inc Hanover, MA | $37,067,888 | $40,935,356 |
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
All Our Kin Inc New Haven, CT | $6,225,964 | $7,705,066 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
North Bennet Street School Boston, MA | $57,772,831 | $8,454,312 |
Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
American Academy Mcallister Institute Of Funeral Service Inc New York, NY | $4,267,692 | $5,884,780 |
Pipefitters Local Union No 537 Education Trust Dorchester, MA | $52,682,067 | $10,001,027 |
Propel America Boston, MA | $3,917,614 | $6,072,902 |
Finishing Trades Institute Of New York New York, NY | $16,930,233 | $2,729,484 |
Sheet Metal Workers Local Union No 28 Education Fund Jamaica, NY | $12,641,253 | $5,378,417 |