Massachusetts Association Of 766 Approved Private Schools Inc is located in Stoneham, MA. The organization was established in 1981. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Massachusetts Association Of 766 Approved Private Schools Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Association Of 766 Approved Private Schools 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 06/2022, Massachusetts Association Of 766 Approved Private Schools Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT PRIVATE SPECIAL EDUCATION SCHOOLS WITH THE GOAL OF PROVIDING THE HIGHEST QUALITY EDUCATION TO STUDENTS WITH SPECIAL NEEDS.
Describe the Organization's Program Activity:
THE PROGRAM ENABLES CHAPTER 766 APPROVED PRIVATE SCHOOLS TO DEVELOP AND MAINTAIN VIABLE PROGRAMS FOR THE BENEFIT OF CHILDREN WITH SPECIAL NEEDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Ames President | OfficerTrustee | 1 | $0 |
Stephanie Ward Vice President | OfficerTrustee | 1 | $0 |
Shaun Cusson Treasurer | OfficerTrustee | 1 | $0 |
Chris Hunt Director/delegate-At-Large | OfficerTrustee | 1 | $0 |
Lawrence Sauer Director/delegate-At-Large | OfficerTrustee | 1 | $0 |
Kathleen Lovenbury Clerk | OfficerTrustee | 1 | $0 |
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 | $1,521,142 |
Investment income | $67,734 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $56,031 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,678,728 |
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. | $354,393 |
Compensation of current officers, directors, key employees. | $35,439 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $311,150 |
Pension plan accruals and contributions | $22,908 |
Other employee benefits | $3,532 |
Payroll taxes | $41,931 |
Fees for services: Management | $0 |
Fees for services: Legal | $140,331 |
Fees for services: Accounting | $103,404 |
Fees for services: Lobbying | $75,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $145,412 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $41,162 |
Travel | $2,526 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $28,985 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $12,263 |
Insurance | $15,173 |
All other expenses | $49,340 |
Total functional expenses | $1,424,826 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $415,155 |
Savings and temporary cash investments | $283,742 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $55,903 |
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 | $5,643 |
Net Land, buildings, and equipment | $14,339 |
Investments—publicly traded securities | $2,433,066 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,900 |
Total assets | $3,212,748 |
Accounts payable and accrued expenses | $129,234 |
Grants payable | $0 |
Deferred revenue | $40,262 |
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 | $169,496 |
Net assets without donor restrictions | $3,035,626 |
Net assets with donor restrictions | $7,626 |
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 | $3,212,748 |