Walker Inc
- Assets
- $36.7m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 400
- Location
- Needham, MA
- Founding
- 08/1952
- Data as of
- 06/2022
- EIN
- 04-2171186
Organization Overview
Walker Inc is located in Needham, MA. The organization was established in 1952. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Walker Inc employed 400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walker 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, Walker Inc generated $27.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $21.6m during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WALKER, INC. IS A MASSACHUSETTS NONPROFIT ORGANIZATION INCORPORATED FOR THE PURPOSE OF ESTABLISHING AND MAINTAINING A HOME FOR THE CARE, EDUCATION, AND TREATMENT OF SPECIAL NEEDS CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALKER INTENSIVE RESIDENTIAL TREATMENT PROGRAM (IRTP) WAS CREATED TO HELP HIGH-RISK, MULTIPLE-COMPLEX CHILDREN AND THEIR FAMILIES BUILD SOCIAL, EMOTIONAL, AND BEHAVIORAL COMPETENCIES SO THEY MAY ACHIEVE AND MAINTAIN A PERMANENT FAMILY CONNECTION WHILE PREVENTING THE DAMAGE OF SERIAL PLACEMENT DISRUPTIONS. THE WALKER IRTP IS A NATIONALLY ACCREDITED, FULLY LICENSED AND CHAPTER 766-APPROVED PROGRAM THAT SERVES CHILDREN BETWEEN THE AGES OF 5 AND 13 WHO CAN BE MAINTAINED IN A STAFF-SECURE GROUP SETTING.
THE DAY TREATMENT AND EDUCATION PROGRAM IS A CHAPTER 766-APPROVED ACADEMIC DAY PROGRAM FOR CHILDREN WITH HISTORIES OF HIGH-RISK BEHAVIORS, CHRONIC MENTAL ILLNESS, LANGUAGE DISORDERS, LEARNING DISABILITIES, AND/OR HIGH-FUNCTIONING AUTISM SPECTRUM DISORDERS.
WALKER BEACON SCHOOL IS A FULLY ACCREDITED, CO-EDUCATIONAL ALTERNATIVE MIDDLE AND HIGH SCHOOL PROGRAM THAT PROVIDES ACADEMIC AND SPECIALIZED PROGRAMS IN A THERAPEUTIC ENVIRONMENT FOR STUDENTS AGES 12 TO 22 FROM THE GREATER BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Takahashi President & CEO | Officer | 40 | $327,831 |
Kit Yue Wong Med. Dir.& Psychiatrist | 30 | $239,074 | |
Edith Janas Chief Operating Officer | Officer | 40 | $196,893 |
Barbara Bjornson CFO (thru 2/2022) | Officer | 40 | $168,479 |
Julie Brown VP Of Human Resources | 40 | $160,511 | |
Andrea Sawyer Psych. Nurse Prescriber | 40 | $150,594 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delta-t Group Massachusetts Inc Staffing Agency | 6/29/18 | $230,523 |
Arbor Associates Inc Staffing Agency | 6/29/18 | $195,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $416,824 |
| Related organizations | $0 |
| Government grants | $4,859,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,016,835 |
| Noncash contributions included in lines 1a–1f | $20,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,292,802 |
| Total Program Service Revenue | $20,884,607 |
| Investment income | $277,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,924 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,525,942 |
| 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. | $564,258 |
| Compensation of current officers, directors, key employees. | $564,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,882,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,501,841 |
| Payroll taxes | $1,052,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,501 |
| Fees for services: Accounting | $87,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $749,123 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,417,952 |
| Travel | $98,146 |
| 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 | $1,098,460 |
| Insurance | $30,099 |
| All other expenses | $202,510 |
| Total functional expenses | $21,591,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,681,964 |
| Savings and temporary cash investments | $8,505,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,384,967 |
| 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 | $361,556 |
| Net Land, buildings, and equipment | $14,621,581 |
| Investments—publicly traded securities | $5,962,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,892 |
| Total assets | $36,656,380 |
| Accounts payable and accrued expenses | $1,791,798 |
| Grants payable | $0 |
| Deferred revenue | $404,083 |
| Tax-exempt bond liabilities | $6,095,349 |
| 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 | $284,494 |
| Total liabilities | $8,575,724 |
| Net assets without donor restrictions | $23,034,968 |
| Net assets with donor restrictions | $5,045,688 |
| 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 | $36,656,380 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Walker Inc has recieved totaling $27,200.
| Awarding Organization | Amount |
|---|---|
Tr Ua Harold Brooks Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Middlesex Savings Charitable Foundation Inc Natick, MA PURPOSE: EXEMPT PURPOSE | $12,200 |
Endowment Analysis
| Beg. Balance | $1,924,638 |
| Earnings | -$235,437 |
| Ending Balance | $1,689,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillcrest Educational Centers Inc Pittsfield, MA | $31,700,149 | $41,848,314 |
Landmark School Inc Prides Crossing, MA | $81,242,185 | $45,882,089 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
American School For The Deaf West Hartford, CT | $58,629,293 | $44,148,151 |
Eden Ii School For Autistic Childern Inc Staten Island, NY | $32,260,171 | $32,379,334 |
New York Institute For Special Education Bronx, NY | $182,971,152 | $45,507,452 |
Boston Higashi School Inc Randolph, MA | $25,103,107 | $28,530,069 |
Stephen Gaynor School New York, NY | $123,265,362 | $36,695,130 |
Robert F Kennedy Community Alliance Lancaster, MA | $47,975,968 | $28,689,265 |
The Learning Center For The Deaf Inc Framingham, MA | $24,501,055 | $27,545,565 |
Hebrew Academy For Special Children Inc Brooklyn, NY | $16,318,917 | $35,401,629 |