Boston Education Skills & Training Corp
- Assets
- $1.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Medford, MA
- Founding
- 06/2015
- Data as of
- 06/2021
- EIN
- 20-0917822
Organization Overview
Boston Education Skills & Training Corp is located in Medford, MA. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Boston Education Skills & Training Corp employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Education Skills & Training Corp 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 06/2021, Boston Education Skills & Training Corp generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 6 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
THE ORGANIZATION'S MISSION IS TO PROVIDE INDIVIDUALS WITH THE EDUCATION, SKILLS, AND TRAINING TO EXCEL IN THE HOSPITALITY INDUSTRY AND IN THEIR PERSONAL LIVES BY PROVIDING ENGLISH FOR SPEAKERS OF OTHER LANGUAGE (ESOL) CLASSES, SKILL TRAINING CLASSES IN HOSPITALITY RELATED AREAS, ADULT BASIC EDUCATION, AND INDIVIDUAL CAREER COUNSELING AND SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INDIVIDUALS WITH THE EDUCATION, SKILLS AND TRAINING TO EXCEL IN THE HOSPITALITY INDUSTRY AND IN THEIR PERSONAL LIVES BY PROVIDING ENGLISH FOR SPEAKERS OF OTHER LANGUAGE (ESOL) CLASSES, SKILL TRAINING CLASSES IN HOSPITALITY RELATED AREAS, ADULT BASIC EDUCATION, AND INDIVIDUAL CAREER COUNSELING AND SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Coughlin Financial Controller (until 5/21) | Officer | 40 | $85,222 |
Marie Downey Executive Director (until 12/20) | Officer | 40 | $77,253 |
Shawn Doung Financial Controller (until 4/21) | Officer | 40 | $7,500 |
Abrigal Forrester President | OfficerTrustee | 5 | $0 |
Suzanne Lee Secretary/treasurer | OfficerTrustee | 5 | $0 |
John Lloyd Interim Executive Director (as Of 1/21) | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $573,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $734,757 |
| Total Program Service Revenue | $1,475,468 |
| Investment income | $385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,690 |
| 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 | $2,248,300 |
| 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. | $266,745 |
| Compensation of current officers, directors, key employees. | $38,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,309 |
| Pension plan accruals and contributions | $17,841 |
| Other employee benefits | $19,230 |
| Payroll taxes | $160,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,030 |
| Fees for services: Accounting | $40,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,781 |
| Advertising and promotion | $0 |
| Office expenses | $25,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,964 |
| Travel | $21 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,210 |
| Insurance | $15,425 |
| All other expenses | $0 |
| Total functional expenses | $1,787,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,884 |
| Savings and temporary cash investments | $601,441 |
| Pledges and grants receivable | $175,000 |
| Accounts receivable, net | $283,288 |
| 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 | $13,069 |
| Net Land, buildings, and equipment | $142,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,550 |
| Total assets | $1,731,247 |
| Accounts payable and accrued expenses | $262,076 |
| Grants payable | $0 |
| Deferred revenue | $22,976 |
| 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 | $276,189 |
| Total liabilities | $561,241 |
| Net assets without donor restrictions | $995,006 |
| Net assets with donor restrictions | $175,000 |
| 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 | $1,731,247 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Boston Education Skills & Training Corp has recieved totaling $260,513.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $100,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: EDUCATIONAL PROGRAMMING | $75,000 |
Metro North Regional Employment Board Cambridge, MA PURPOSE: JOB TRAINING & PLACE | $60,513 |
Philanthropy Connection Inc Cambridge, MA PURPOSE: To provide funding | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |