Massachusetts Continuing Legal Education Inc
- Assets
- $16.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Boston, MA
- Founding
- 09/1969
- Data as of
- 08/2021
- EIN
- 04-2453466
Organization Overview
Massachusetts Continuing Legal Education Inc is located in Boston, MA. The organization was established in 1969. According to its NTEE Classification (I02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Crime & Legal-Related and related organizations. As of 08/2021, Massachusetts Continuing Legal Education Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Continuing Legal Education 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 08/2021, Massachusetts Continuing Legal Education Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $4.8m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 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
TO PROVIDE COMPREHENSIVE AND HIGHLY PRACTICAL CONTINUING LEGAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL SERVICES FOR PRACTICING ATTORNEYS THROUGH THE USE OF LECTURES, BOOKS, AND VIDEO EQUIPMENT IN A CLASSROOM SETTING AND THROUGH ONLINE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Reilly ESQ Executive Director | Officer | 37.5 | $280,525 |
Maryanne Jensen Director Of Publications | 37.5 | $151,925 | |
Salvatore Ricciardone ESQ Director Of Philanthropy | 37.5 | $144,506 | |
Danielle Simmons Director Of Programs | 37.5 | $117,972 | |
Mark Woodbury Director Of Finance & Facilities | 37.5 | $108,274 | |
Eric P Hayes ESQ First Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Binary Minds Inc | 8/30/19 | $153,781 |
Sea-dar Construction | 8/30/19 | $1,453,131 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $469,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,902 |
| Total Program Service Revenue | $4,530,635 |
| Investment income | $179,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$150,918 |
| Net Gain/Loss on Asset Sales | $1,018,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,276,731 |
| 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. | $346,312 |
| Compensation of current officers, directors, key employees. | $79,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,638,507 |
| Pension plan accruals and contributions | $93,589 |
| Other employee benefits | $237,937 |
| Payroll taxes | $167,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,517 |
| Advertising and promotion | $0 |
| Office expenses | $166,232 |
| Information technology | $339,119 |
| Royalties | $0 |
| Occupancy | $117,991 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,448 |
| Interest | $12,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $443,290 |
| Insurance | $289,735 |
| All other expenses | $0 |
| Total functional expenses | $4,756,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,090 |
| Savings and temporary cash investments | $4,705,114 |
| Pledges and grants receivable | $96,088 |
| Accounts receivable, net | $449,821 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $417,894 |
| Prepaid expenses and deferred charges | $99,422 |
| Net Land, buildings, and equipment | $4,822,657 |
| Investments—publicly traded securities | $5,636,843 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $88,534 |
| Other assets | $0 |
| Total assets | $16,907,463 |
| Accounts payable and accrued expenses | $393,225 |
| Grants payable | $0 |
| Deferred revenue | $649,227 |
| 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 | $520,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,563,372 |
| Net assets without donor restrictions | $9,424,750 |
| Net assets with donor restrictions | $5,919,341 |
| 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 | $16,907,463 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Massachusetts Continuing Legal Education Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Saul & Gitta Kurlat Charitable Foundation Canton, MA PURPOSE: SEE STATEMENT 4 | $1,000 |
Endowment Analysis
| Beg. Balance | $4,774,551 |
| Earnings | $907,656 |
| Net Contributions | $136,410 |
| Grants | $181,774 |
| Ending Balance | $5,636,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Continuing Legal Education Inc Boston, MA | $16,907,463 | $6,276,731 |
Yonkers Police Captains Lts & Sgts Benevolent Assoc Trust Fund Wallingford, CT | $161,472 | $542,001 |
Yonkers Police Captains Lieutenants And Sergeants Benevolent Associati Yonkers, NY | $330,036 | $477,977 |
Southampton Village Police Benevolent Association Inc Southampton, NY | $834,276 | $317,311 |
Yorktown Police Benevolent Association Inc Yorktown Heights, NY | $669,269 | $275,450 |
Norwalk Police Fund Inc Norwalk, CT | $368,502 | $213,417 |
Police Benevolent Association Ofthe Village Of Mamaroneck Inc Mamaroneck, NY | $224,568 | $265,608 |
Floral Park Policemens Benevolentassociation Inc Floral Park, NY | $784,090 | $230,711 |
Colonie Police Benevolent Association Inc Latham, NY | $566,811 | $294,673 |
National Council Of Social Security Management Associations nashua, NH | $149,397 | $0 |
Riverhead Police Benevolent Association Inc Riverhead, NY | $222,210 | $219,214 |
Garden City Police Benevolent Association Inc Garden City, NY | $483,737 | $214,299 |