Boylston Schul-Verein
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Walpole, MA
- Founding
- 05/2013
- Data as of
- 05/2023
- EIN
- 04-1112850
Organization Overview
Boylston Schul-Verein is located in Walpole, MA. The organization was established in 2013. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Boylston Schul-Verein 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 05/2023, Boylston Schul-Verein generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.0m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 4 years. 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
EDUCATIONAL AND CULTURAL ORGANIZATION TO PROMOTE GERMAN LANGUAGE AND CULTURAL HERITAGE AMONGST AMERICANS AND GERMANS LIVING IN THE UNITED STATES.
Describe the Organization's Program Activity:
GERMAN LANGUAGE SCHOOL - SATURDAY PROGRAM, COLLEGE CREDIT COURSES FOR HIGH SCHOOL STUDENTS.COURSES INCLUDE A STUDY OF GERMAN CULTURE IN EUROPEAN COUNTRIES.
GERMAN LANGUAGE SCHOOLS - ADULT EDUCATION - EVENING PROGRAMSINCLUDE LEARNING ABOUT GERMAN CULTURE.
CULTURAL ACTIVITIES - MAJOR EVENTS ARE OKTOBERFEST AND SUMMERFEST,FEATURING GERMAN MUSIC, DANCING,BEER,FOOD,AND GERMAN ARTS AND CRAFTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Demartino President | OfficerTrustee | 15 | $0 |
Rainer Scheer Vice President | OfficerTrustee | 10 | $0 |
Karen Kitzmann Secretary | OfficerTrustee | 10 | $0 |
Scott Barnet Vice President Of Finance | OfficerTrustee | 15 | $0 |
Stephanie Hahn Assist. VP Of Finance | OfficerTrustee | 10 | $0 |
Gail Dreist-Colella Membership Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $47,390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,528 |
| Total Program Service Revenue | $1,097,113 |
| Investment income | $6,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$173,093 |
| 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 | $63,448 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,102,165 |
| 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 | $447,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,516 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,262 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,733 |
| Advertising and promotion | $0 |
| Office expenses | $22,244 |
| Information technology | $10,073 |
| Royalties | $0 |
| Occupancy | $89,593 |
| Travel | $1,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,291 |
| Insurance | $15,994 |
| All other expenses | $13,036 |
| Total functional expenses | $1,031,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,665 |
| Savings and temporary cash investments | $609,710 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,379 |
| Prepaid expenses and deferred charges | $19,225 |
| Net Land, buildings, and equipment | $359,798 |
| Investments—publicly traded securities | $74,551 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,891 |
| Total assets | $1,514,619 |
| Accounts payable and accrued expenses | $48,030 |
| Grants payable | $0 |
| Deferred revenue | $481,813 |
| 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 | $72,346 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,030 |
| Total liabilities | $626,219 |
| Net assets without donor restrictions | $884,400 |
| Net assets with donor restrictions | $4,000 |
| 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 | $1,514,619 |