Massachusetts Alliance For Early College Inc
- Assets
- $3.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Boston, MA
- Founding
- Data as of
- 06/2023
- EIN
- 87-3513195
Organization Overview
Massachusetts Alliance For Early College Inc is located in Boston, MA. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2023, Massachusetts Alliance For Early College Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Alliance For Early College 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, Massachusetts Alliance For Early College Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $872.4k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MASSACHUSETTS ALLIANCE FOR EARLY COLLEGE (MA4EC) IS A CROSS-SECTOR COALITION FOCUSED ON SIGNIFICANTLY INCREASING THE NUMBER OF STUDENTS WITH ACCESS TO HIGH-QUALITY EARLY COLLEGE IN MASSACHUSETTS TO PROMOTE COLLEGE AND CAREER SUCCESS AND CLOSE EQUITY GAPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTIVE IMPACT: WORK TO ENSURE THAT A LARGE, ENERGIZED COALITION OF CROSS-SECTOR PARTNERS IS MEANINGFULLY ACTIVATED BEHIND EARLY COLLEGE.
INNOVATION: THE ALLIANCE LEARNS ABOUT AND SEEDS INNOVATIONS FROM ELSEWHERE TO MASSACHUSETTS SO THAT EARLY COLLEGE EVOLVES OVER TIME TO INCORPORATE PROVEN, HIGH IMPACT INNOVATIONS.
CAPACITY BUILDING: WORK TO ENSURE THAT LOCAL AND STATE-LEVEL TEAMS ARE SUFFICIENTLY SIZED, EXPERTLY SKILLED, HIGHLY CONNECTED, AND COLLECTIVELY WORKING FROM A HIGH-BAR FOR QUALITY
POLICY CONDITIONS: WORK TO ENSURE THAT EC IS FUNDED SUFFICIENTLY, SUSTAINABLY, AND PREDICTABLY; ASSOCIATED POLICY SUPPORTS BRIDGING THE K12 AND HIGHER EDUCATION SILOS AND REDUCES BARRIERS TO EFFICIENT AND EFFECTIVE PROGRAMS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Giampietro President | OfficerTrustee | 40 | $142,627 |
Paul Belsito Treasurer | OfficerTrustee | 2 | $0 |
Manny Cruz Director | Trustee | 2 | $0 |
Marjorie Ringrose Director | Trustee | 2 | $0 |
Jennifer Davis Carey Director | Trustee | 2 | $0 |
Omaira Alicea Director | Trustee | 2 | $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 | $2,653,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,653,500 |
| Total Program Service Revenue | $30,000 |
| Investment income | $5,205 |
| 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 | $2,688,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,000 |
| 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. | $155,552 |
| Compensation of current officers, directors, key employees. | $10,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,056 |
| Payroll taxes | $31,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $13,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,239 |
| Advertising and promotion | $500 |
| Office expenses | $8,742 |
| Information technology | $9,845 |
| Royalties | $0 |
| Occupancy | $1,729 |
| Travel | $3,783 |
| 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 | $0 |
| Insurance | $5,144 |
| All other expenses | $0 |
| Total functional expenses | $872,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,013,407 |
| 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 | $3,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,305,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,106,127 |
| Accounts payable and accrued expenses | $21,963 |
| 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 | $0 |
| Total liabilities | $21,963 |
| Net assets without donor restrictions | $1,151,664 |
| Net assets with donor restrictions | $1,932,500 |
| 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 | $3,106,127 |
Grants Awarded
Over the last fiscal year, Massachusetts Alliance For Early College Inc has awarded $83,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HAVERHILL PUBLIC SCHOOLS PURPOSE: SUB-GRANT RECIPIENT | $7,000 |
LEAP FOR EDUCATION INC PURPOSE: SUB-GRANT RECIPIENT | $10,000 |
LAWRENCE PUBLIC SCHOOLS PURPOSE: SUB-GRANT RECIPIENT | $7,000 |
SALEM PUBLIC SCHOOLS PURPOSE: SUB-GRANT RECIPIENT | $7,000 |
LOWELL HIGH SCHOOL PURPOSE: SUB-GRANT RECIPIENT | $7,000 |
LYNN PUBLIC SCHOOLS PURPOSE: SUB-GRANT RECIPIENT | $7,000 |