Boston Private Industry Council Inc The
- Assets
- $4.9m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 966
- Location
- Boston, MA
- Founding
- 03/1980
- Data as of
- 06/2022
- EIN
- 04-2676661
Organization Overview
Boston Private Industry Council Inc The is located in Boston, MA. The organization was established in 1980. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Boston Private Industry Council Inc The employed 966 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Private Industry Council Inc The 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, Boston Private Industry Council Inc The generated $9.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 5.9% per year over the past 3 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
THE MISSION OF THE PIC IS TO CONNECT YOUTH AND ADULTS OF BOSTON WITH JOBS AND CAREERS IN THE MAINSTREAM ECONOMY. THE PIC BROKERS JOBS AND INTERNSHIPS FOR PUBLIC HIGH SCHOOL STUDENTS OVERSEES BOSTON'S ONE STOP CAREER CENTERS AND RELATED JOB TRAINING AND DEVELOPS POLICY POSITIONS THAT INFORM EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON SUMMER JOBS PROGRAM - PROVIDED STUDENT WAGES FOR INTERNSHIPS AND STIPENDS FOR OTHER CAREER DEVELOPMENT ACTIVITIES. ENGAGED COMMUNITY-BASED ORGANIZATIONS TO SUPERVISE STUDENTS PAID THROUGH THE PROGRAM. PROVIDED WORK READINESS TRAINING AND CAREER EXPLORATION FOR STUDENTS EMPLOYED THROUGH THE PROGRAM AND REMAINED AVAILABLE TO STUDENTS AND SUPERVISORS PROGRAM WORKSITES THROUGHOUT THE SUMMER TO ADDRESS ANY ISSUES THAT SURFACED.
CONNECTING ACTIVITIES PROGRAM - ENGAGED EMPLOYERS IN PARTNERSHIP WITH BOSTON HIGH SCHOOLS TO OFFER JOBS INTERNSHIPS AND CAREER EXPLORATION ACTIVITIES FOR HIGH SCHOOL STUDENTS. PROVIDED WORK READINESS TRAINING AND CAREER EXPLORATION FOR THOUSANDS OF BOSTON PUBLIC HIGH SCHOOL STUDENTS. MAINTAINED AND CONTINUOUSLY UPDATED A STATE-REQUIRED DATABASE.
BOSTON PUBLIC SCHOOLS - COLLABORATIVE PROGRAM - PROVIDED WORK READINESS TRAINING AND CAREER EXPLORATION FOR THOUSANDS OF BOSTON PUBLIC HIGH SCHOOL STUDENTS; ENGAGED EMPLOYERS IN PARTNERSHIP WITH BOSTON HIGH SCHOOLS; AND PROVIDED RE-ENGAGEMENT SERVICES FOR STUDENTS WHO HAVE DROPPED OUT OF SCHOOL OR STOPPED ATTENDING REGULARLY. PROVIDED STUDENT WAGES FOR INTERNSHIPS AND STIPENDS FOR OTHER CAREER DEVELOPMENT ACTIVITIES. COLLABORATED WITH THE BOSTON PUBLIC SCHOOLS ON GRADUATE STUDIES AND FOLLOW-UP SURVEYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Donovan Chair | Trustee | 0 | $0 |
Stacia Reidy Macnaught Treasurer Finance Chair | Trustee | 0 | $0 |
Danny Best Board Member | Trustee | 0 | $0 |
Kevin Churchwell Board Member | Trustee | 0 | $0 |
Pam Y Eddinger Board Member | Trustee | 0 | $0 |
Paul Fleming Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,183,189 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,291,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,474,413 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,474,413 |
| 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. | $202,651 |
| Compensation of current officers, directors, key employees. | $20,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,656,263 |
| Pension plan accruals and contributions | $109,688 |
| Other employee benefits | $886,287 |
| Payroll taxes | $279,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,350 |
| Fees for services: Accounting | $41,299 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,673 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $445,678 |
| Travel | $57,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,697 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,132,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,950,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,571,123 |
| 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 | $233,916 |
| Net Land, buildings, and equipment | $160,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,915,646 |
| Accounts payable and accrued expenses | $612,717 |
| Grants payable | $0 |
| Deferred revenue | $2,063 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $614,780 |
| Net assets without donor restrictions | $1,107,460 |
| Net assets with donor restrictions | $3,193,406 |
| 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 | $4,915,646 |