826 Boston Inc
- Assets
- $2.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 79
- Location
- Roxbury, MA
- Founding
- 05/2007
- Data as of
- 06/2023
- EIN
- 20-8065915
Organization Overview
826 Boston Inc is located in Roxbury, MA. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, 826 Boston Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 826 Boston 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 06/2023, 826 Boston Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 13.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT
Describe the Organization's Program Activity:
SEE SCHEDULE O FOR DESCRIPTION OF PROGRAMS AND PROGRAM ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Drench Former Executive Director | Officer | 40 | $80,070 |
Janet Tiampo President | OfficerTrustee | 2 | $0 |
Mimi Curran Treasurer | OfficerTrustee | 2 | $0 |
Marc Foster Vice President/clerk | OfficerTrustee | 2 | $0 |
Dave Bagnani Director | Trustee | 2 | $0 |
Andrew Cohn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $225,418 |
| Related organizations | $0 |
| Government grants | $286,759 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,424,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,937,104 |
| Total Program Service Revenue | $2,781 |
| Investment income | $13,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $41,153 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,725 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,000,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $85,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,070 |
| Compensation of current officers, directors, key employees. | $16,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,764,331 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,721 |
| Payroll taxes | $152,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,623 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,268 |
| Advertising and promotion | $2,421 |
| Office expenses | $45,667 |
| Information technology | $21,023 |
| Royalties | $0 |
| Occupancy | $119,362 |
| Travel | $23,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,305 |
| Interest | $0 |
| Payments to affiliates | $60,365 |
| Depreciation, depletion, and amortization | $10,905 |
| Insurance | $14,059 |
| All other expenses | $170 |
| Total functional expenses | $2,769,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,538,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $182,000 |
| 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 | $28,857 |
| Net Land, buildings, and equipment | $24,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $374,405 |
| Total assets | $2,148,011 |
| Accounts payable and accrued expenses | $152,570 |
| 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 | $376,185 |
| Total liabilities | $528,755 |
| Net assets without donor restrictions | $1,416,682 |
| Net assets with donor restrictions | $202,574 |
| 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 | $2,148,011 |