Merrimack Education Center Inc
- Assets
- $12.1m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 145
- Location
- Chelmsford, MA
- Founding
- Data as of
- 06/2016
- EIN
- 04-2620821
Organization Overview
Merrimack Education Center Inc is located in Chelmsford, MA. As of 06/2016, Merrimack Education Center Inc employed 145 individuals. Merrimack Education Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE MERRIMACK EDUCATION CENTER (MEC) IS A DIVERSIFIED EDUCATIONAL AND TECHNOLOGICAL RESOURCE FOR SCHOOLS, CITIES AND TOWNS AND OTHER NON-PROFIT ORGANIZATIONS. MEC OFFERS A BROAD RANGE OF PROFESSIONAL DEVELOPMENT, FACILITIES MANAGEMENT, TRANSPORTATION SERVICES AND TECHNOLOGY PROGRAMS AND SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION SERVICES PROVIDED TO SPECIAL NEEDS STUDENTS ON BEHALF OF LOCAL SCHOOL DISTRICTS AND OTHER HUMAN SERVICE AGENCIES.
CONTINUING PROFESSIONAL EDUCATION PROGRAMS, INCLUDING PROGRAMS OFFERING COLLEGE CREDITS, TO TEACHERS AND ADMINISTRATORS FROM LOCAL SCHOOL DISTRICTS AND THROUGHOUT EASTERN MASSACHUSETTS.MEC IS IN THE FINAL DEVELOPMENT STAGES FOR THE LAUNCH OF ADDITION ACADEMY PRESCHOOL. MEC HAS BEEN DEVELOPING ADDITION ACADEMY OVER THE PAST YEAR AND A HALF. ADDITION ACADEMY WILL OFFER A PLANNED PROGRAM THAT SUPPORTS THE GUIDELINES FOR PRESCHOOL LEARNING EXPERIENCES BASED UPON THE MASSACHUSETTS CURRICULUM FRAMEWORKS. THROUGH THIS PROGRAM, MEC WILL OFFER A FLEXIBLE LEARNING ENVIRONMENT WHICH PROMOTES POSITIVE INTERACTIONS BETWEEN CHILDREN, FAMILIES AND STAFF, AS WELL AS PROVIDING A STRONG FOUNDATION FOR MEETING THE CHILDREN'S NEEDS FOR SOCIAL, EMOTIONAL, PHYSICAL, COGNITIVE AND INTELLECTUAL DEVELOPMENT. MEC HAS DESIGNED THE PROGRAM'S CURRICULUM AND ACTIVITIES TO FACILITATE ACTIVE INVOLVEMENT BY CHILDREN IN THE LEARNING PROCESS. MEC CURRENTLY ANTICIPATES THAT LICENSURE WILL BE GRANTED AND THE PROGRAM WILL BEGIN AS EARLY SEPTEMBER 2016. MEC ANTICIPATES THAT IT WILL SUBMIT ITS APPLICATION TO THE MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE ON MAY 20, 2016, AND THAT THE PRESCHOOL WILL BE FULLY OPERATIONAL ONCE THE APPLICATION IS ACCEPTED.
MANAGEMENT OF TECHNOLOGY NETWORKS, IMPLEMENTATION OF SCHOOL BASED TECHNOLOGY SYSTEMS, PRIMARILY FOR LOCAL PUBLIC SCHOOL DISTRICTS, MUNICIPALITIES, AND OTHER NON PROFITS.
REAL ESTATE SERVICES, INCLUDING RENTAL OF FACILITIES TO EDUCATIONAL ORGANIZATIONS FOR VARIOUS PROGRAMS RELATED TO PUBLIC, PRIVATE, SPECIAL NEEDS EDUCATION, AND RENTAL OF FACILITIES TO PRIVATE ORGANIZATIONS UNRELATED TO EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph F Difonzo Exec. Director | Officer | 40 | $260,115 |
James Gallagher Director Of Facilities & Transportation | 40 | $123,933 | |
Anthony Coco Reserach & Development Director | 40 | $119,531 | |
Sharon Grover-Renda Compliance Director | 40 | $115,809 | |
Carla Fogg Accounting Director | 40 | $110,997 | |
Gary Garmon Chair | OfficerTrustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,172,688 |
| Investment income | $4,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $894,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,071,810 |
| 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. | $290,584 |
| Compensation of current officers, directors, key employees. | $290,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,148,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $361,232 |
| Payroll taxes | $182,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $798,688 |
| Fees for services: Accounting | $61,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,217 |
| Advertising and promotion | $3,871 |
| Office expenses | $80,641 |
| Information technology | $25,965 |
| Royalties | $0 |
| Occupancy | $239,212 |
| Travel | $3,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,319 |
| Interest | $102,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $485,588 |
| Insurance | $146,996 |
| All other expenses | -$545,928 |
| Total functional expenses | $12,006,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,441,542 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,242,226 |
| 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 | $526,131 |
| Net Land, buildings, and equipment | $5,903,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,113,047 |
| Accounts payable and accrued expenses | $1,270,486 |
| Grants payable | $0 |
| Deferred revenue | $156,017 |
| 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 | $2,776,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,203,120 |
| Unrestricted restricted net Assets | $7,909,927 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $7,909,927 |
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