Polus Center For Social And Economic Development
- Assets
- $593.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Gardner, MA
- Founding
- 07/1980
- Data as of
- 06/2022
- EIN
- 04-2697866
Organization Overview
Polus Center For Social And Economic Development is located in Gardner, MA. The organization was established in 1980. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Polus Center For Social And Economic Development employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polus Center For Social And Economic Development 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, Polus Center For Social And Economic Development generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 6.3% 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
THE POLUS CENTER FOR SOCIAL AND ECONOMIC DEVELOPMENT, INC. STRIVES TO CREATE OPPORTUNITIES FOR PERSONS WITH DISABILITIES, ESPECIALLY PEOPLE WHO ARE BLIND OR VISUALLY IMPAIRED, AND MEMBERS OF OTHER VULNERABLE GROUPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND CONSULTING - WORKING WITH GRASSROOTS ORGANIZATIONS TO HELP THEM PLAN AND IMPLEMENT ECONOMIC, SOCIAL INTERGRATION, AND COMMUNITY BASED REHABILITATION PROJECTS. ACTIVE PARTICIPATION IN THESE PLANNING SESSIONS OFFERS A UNIQUE ACTION LEARNING OPPORTUNITY FOR PARTICIPANTS TO LEARN ABOUT VICTIM ASSISTANCE AND DEVELOPING A PERSON-CENTERED HUMAN SERVICE MODEL. IN ADDITION, THE ORGANIZATION PROVIDES LEADERSHIP TRAINING, ORGANIZATION DEVELOPMENT, AND SMALL BUSINESS CAPACITY BUILDING TO BOTH NON-PROFIT AND FOR-PROFIT ORGANIZATIONS THROUGHOUT THE U.S. THE ORGANIZATION ALSO ADVOCATES FOR JOB DEVELOPMENT FOR PEOPLE WITH DISABILITIES SO THAT THEY MIGHT FIND JOBS BASED ON THEIR SKILLS AND INTERESTS.
THE INTERNATIONAL PROGRAM - COORDINATE HUMANITARIAN EFFORTS AIMED AT ADDRESSING THE LONG-TERM NEEDS OF PEOPLE WITH DISABILITIES, PARTICULARARLY THOSE INDIVIDUALS WHO LOST LIMBS DUE TO ACTS OF WAR, LANDMINES AND DISEASES. THE ORGANIZATION HAS ESTABLISHED VICTIM ASSISTANCE PROGRAMS, INCLUDING PROSTHETIC CLINICS AND DISTRIBUTION, JOB TRAINING AND ECONOMIC DEVELOPMENT, LEADERSHIP TRAINING, AND ACCESSIBILITY. THE POLUS CENTER ACTIVELY WORKED ON VICTIM ASSISTANCE EFFORTS IN COLOMBIA, JORDAN, IRAQ, AND THE DEMOCRATIC REPUBLIC OF THE CONGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lundquist CEO Intl Programs | OfficerTrustee | 40 | $93,561 |
Theresa Kane CEO Us Programs | OfficerTrustee | 40 | $86,811 |
Nellie Zarif President | OfficerTrustee | 2 | $0 |
Stephen Petegorsky Secretary | OfficerTrustee | 2 | $0 |
Richard Nicolette Treasurer | OfficerTrustee | 2 | $0 |
Dr Ej Welch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $981,669 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,107,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,089,619 |
| Total Program Service Revenue | $303 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,070 |
| Net Gain/Loss on Asset Sales | $95,115 |
| Net Income from Fundraising Events | -$2,473 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,187,978 |
| 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. | $180,372 |
| Compensation of current officers, directors, key employees. | $28,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $454,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,853 |
| Payroll taxes | $68,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,545 |
| Travel | $86,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,907 |
| Insurance | $9,063 |
| All other expenses | $15,213 |
| Total functional expenses | $2,117,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,538 |
| 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 | $7,189 |
| Net Land, buildings, and equipment | $3,000 |
| Investments—publicly traded securities | $6,089 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,463 |
| Accounts payable and accrued expenses | $322,107 |
| Grants payable | $0 |
| Deferred revenue | $48,656 |
| 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 | $370,763 |
| Net assets without donor restrictions | $215,473 |
| Net assets with donor restrictions | $7,227 |
| 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 | $593,463 |