Hollow Reed Inc
- Assets
- $194.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 14
- Location
- Jamaica Plain, MA
- Founding
- 11/1981
- Data as of
- 08/2024
- EIN
- 04-2627865
Organization Overview
Hollow Reed Inc is located in Jamaica Plain, MA. The organization was established in 1981. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2024, Hollow Reed Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollow Reed 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 08/2024, Hollow Reed Inc generated $233.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (62.9%) each year. All expenses for the organization totaled $53.0k during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE SCHOOL REMAINS CLOSED DURING THE CURRENT FISCAL YEAR DUE TO THE COVID-19 PANDEMIC RESUMING SCHOOL OPERATIONS IS NOT FEASIBLE BASED ON FINANCIAL CONSIDERATIONS AS A RESULT THE ORGANIZATION IS IN THE PROCESS OF DETERMINING THE BEST WAY TO CEASE OPERATIONS IT CONTINUES TO HOLD AND PRESERVE ITS ASSETS TO BE USED FOR EXEMPT PURPOSES THE BOARD HAS BEEN WORKING TO IDENTIFY AND TO STRUCTURE AN ARRANGEMENT WITH ANOTHER NONPROFIT ORGANIZATION THAT WILL MAKE USE OF THE ORGANIZATIONS REMAINING ASSETS FOR CHARITABLE PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Caplan President | 8 | $0 | |
Rachel Wood Treasurer | 2 | $0 | |
Hermione Garland Clerk | 8 | $0 | |
Sally Schreiber Cohn Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $233 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $233 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,756 |
| Occupancy, rent, utilities, and maintenance | $11,200 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,050 |
| Total expenses | $53,006 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,237 |
| Other assets | $0 |
| Total assets | $194,118 |
| Total liabilities | $0 |
| Net assets or fund balances | $194,118 |