North East Research And Education Network Inc
- Assets
- $2.3m
- Revenue
- $954.4k
- Investments
- $0.0
- Employees
- 0
- Location
- North Kingstown, RI
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 55-0873345
Organization Overview
North East Research And Education Network Inc is located in North Kingstown, RI. The organization was established in 2004. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. North East Research And Education Network 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, North East Research And Education Network Inc generated $954.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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
NORTHEAST RESEARCH AND EDUCATION NETWORK, INC. (NEREN) HAS PROCURED A DARK FIBER RING THROUGHOUT CERTAIN PARTS OF THE NORTHEAST THAT CONNECTS STATE EDUCATIONAL NETWORKS IN NY, CT, RI, MA, VT, ME AND NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEREN UTILIZES 10 ROUTES TOTALING 612 MILES TO PROVIDE A FIBER-OPTIC NETWORK THAT TIES TOGETHER IN-STATE FIBER INITIATIVES, EFFECTIVELY CREATING AN E-CORRIDOR THAT LINKS THE MEMBERS NOT ONLY TO ONE ANOTHER, BUT ALSO TO FACILITIES THROUGHOUT THE REGION AND GLOBE. THE NETWORK PRIMARILY TRANSPORTS RESEARCH, ACADEMIC AND HEALTHCARE INFORMATION, BUT IS ALSO INTENDED TO ALLOW CORPORATE AND GOVERNMENT MEMBERS TO FORM PARTNERSHIPS AND COLLABORATIONS WITH THE REGION'S ACADEMIC, RESEARCH AND HEALTHCARE MEMBERS IN NEW YORK AND NEW ENGLAND (CONNECTICUT, MAINE, MASSACHUSETTS, NEW HAMPSHIRE, RHODE ISLAND AND VERMONT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Kocsondy Chairman | OfficerTrustee | 1.5 | $0 |
David Marble Secretary | OfficerTrustee | 1.5 | $0 |
Christopher Misra Treasurer | OfficerTrustee | 1.5 | $0 |
T Simeon Ananou Director | Trustee | 1 | $0 |
John Barden Director | Trustee | 1 | $0 |
J Brice Bible Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Level3 Colocation Services | 6/29/22 | $242,822 |
Oshean Admin. Services | 6/29/22 | $164,947 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $936,848 |
| Investment income | $112 |
| 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 | $954,358 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,564 |
| Advertising and promotion | $0 |
| Office expenses | $3,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,736 |
| Travel | $2,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,110 |
| Insurance | $21,557 |
| All other expenses | $0 |
| Total functional expenses | $1,020,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,044 |
| Savings and temporary cash investments | $923,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,588 |
| 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 | $41,888 |
| Net Land, buildings, and equipment | $534,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $69,400 |
| Other assets | $6,970 |
| Total assets | $2,293,402 |
| Accounts payable and accrued expenses | $36,121 |
| Grants payable | $0 |
| Deferred revenue | $512,341 |
| 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 | $0 |
| Total liabilities | $548,462 |
| Net assets without donor restrictions | $1,744,940 |
| 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 | $2,293,402 |
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Presentation School Foundation Inc Brighton, MA | $5,273,831 | $874,783 |
North East Research And Education Network Inc North Kingstown, RI | $2,293,402 | $954,358 |