Becker College
- Assets
- $39.7m
- Revenue
- $64.6m
- Investments
- $1.4m
- Employees
- 712
- Location
- Worcester, MA
- Founding
- 04/1949
- Data as of
- 06/2021
- EIN
- 04-2108346
Organization Overview
Becker College is located in Worcester, MA. The organization was established in 1949. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Becker College employed 712 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Becker College 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, Becker College generated $64.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $64.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BECKER COLLEGE PROVIDES ACADEMIC AND CAREER EDUCATION INTEGRATED WITH THE LIBERAL ARTS AND SCIENCES, WHICH LEADS TO THE AWARDING OF THE BACHELORS AND ASSOCIATE IN SCIENCE DEGREES. BACCALAUREATE DEGREE PROGRAMS BUILD ON THIS STRONG LIBERAL LEARNING AND CAREER KNOWLEDGE BASE WITH ADDITIONAL COURSES AND EDUCATIONAL EXPERIENCES. WITH THE COMPLETION OF THE DEGREE, GRADUATES ARE PREPARED TO ENTER THE WORK FORCE WITHIN THEIR CHOSEN CAREER OR CONTINUE THEIR EDUCATION. STUDENTS WHO COMPLETE A DEGREE PROGRAM ARE PREPARED TO ADVANCE IN THEIR PROFESSIONAL CAREERS. THROUGHOUT, OPPORTUNITIES FOR PERSONAL DEVELOPMENT ARE SUPPLEMENTED BY COLLEGE-SPONSORED ACTIVITIES, CULTURAL ENRICHMENT PROGRAMS, ATHLETICS AND COMMUNITY SERVICE PROJECTS. IN KEEPING WITH ITS MISSION, THE COLLEGE EXTENDS OPPORTUNITIES FOR EDUCATIONAL. PROFESSIONAL AND PERSONAL ADVANCEMENT THROUGH ITS ACCELERATED AND PROFESSIONAL STUDIES PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT FINANCIAL AID- FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY PROGRAM, COLLEGE SCHOLARSHIPS AND TUITION REMISSION
AUXILIARY ENTERPRISES - DORMITORY, DINING HALLS, BOOKSTORE, STUDENT CENTER, ANIMAL HOSPITAL & CLINIC, DAYCARE CENTER, AND SNACKBAR
INSTRUCTIONAL - FACULTY, LIBRARY & EVENING DIVISION
STUDENT SERVICES - REGISTRAR'S OFFICE, STUDENT SERVICE ADMINISTRATION, STUDENT SERVICES, ADMISSIONS AND FINANCIAL AID ADMINISTRATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine L Cassidy Chair | OfficerTrustee | 2 | $0 |
Cheryl M Lapriore Vice Chair | OfficerTrustee | 2 | $0 |
John H Budd Secretary | OfficerTrustee | 2 | $0 |
John E Graham Director | Trustee | 2 | $0 |
Daniel A Delmastro Treasurer | OfficerTrustee | 2 | $0 |
Dr Gregory Pogue Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ssc Service Solutions Maintenance/housekeeping/grounds Vendor | 6/29/21 | $2,717,513 |
Chartwells Food Service Vendor | 6/29/21 | $1,622,432 |
Ellucian It Consultant | 6/29/21 | $1,277,446 |
21 Fruit Street Realty Trust Leased Property Landlord | 6/29/21 | $467,446 |
Bowditch & Dewey Attorney | 6/29/21 | $358,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,432,199 |
| Investment income | $83,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,253,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,626,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,731,897 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $15,142,407 |
| Pension plan accruals and contributions | $603,619 |
| Other employee benefits | $2,314,136 |
| Payroll taxes | $1,073,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $800,683 |
| Fees for services: Accounting | $412,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,543 |
| Fees for services: Other | $620,203 |
| Advertising and promotion | $104,257 |
| Office expenses | $713,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,911,443 |
| Travel | $69,897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $651,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,441,119 |
| Insurance | $710,933 |
| All other expenses | $0 |
| Total functional expenses | $64,786,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824,287 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $547,889 |
| 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 | $0 |
| Investments—publicly traded securities | $3,735,061 |
| Investments—other securities | $1,395,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,147,795 |
| Total assets | $39,650,846 |
| Accounts payable and accrued expenses | $5,888,201 |
| 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 | $12,476,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,365,092 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $21,285,754 |