More Than Words Inc is located in Boston, MA. The organization was established in 1983. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, More Than Words Inc employed 281 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. More Than Words 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 06/2021, More Than Words Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $6.3m during the year ending 06/2021. While expenses have increased by 11.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING EMPOWERING LEADERSHIP AND SUPPORTIVE EMPLOYMENT OPPORTUNITIES FOR YOUTH WHO ARE IN THE FOSTER CARE SYSTEM, COURT INVOLVED, HOMELESS, OUT OF SCHOOL, OR WHO HAVE MENTAL HEALTH OR SUBSTANCE ABUSE ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MTW IS A SOCIAL ENTERPRISE THAT EMPOWERS SYSTEM-INVOLVED YOUTH TO TAKE CHARGE OF THEIR LIVES BY TAKING CHARGE OF A BUSINESS. WE SERVE THE BOSTON AREA'S MOST UNDERSERVED YOUNG PEOPLE WHO FACE COMPOUNDING RISK FACTORS: 46% ARE INVOLVED IN THE FOSTER CARE SYSTEM, 39% ARE COURT-INVOLVED, AND 30% ARE HOMELESS. OVER THE PAST 18 YEARS, MTW HAS DEVELOPED AND REFINED A MODEL THAT CONSISTENTLY EMPOWERS YOUTH TO ACHIEVE MEASURABLE OUTCOMES IN EDUCATION, WORK, AND LIFE.AT MTW, YOUTH EARN A JOB MANAGING EVERY FACET OF A $3.5M BOOKSELLING BUSINESS, DEVELOPING VALUABLE, TRANSFERABLE SKILLS APPROXIMATELY 20 HOURS/WEEK. THEY ALSO HOLD A SECOND, EQUALLY IMPORTANT YOU JOB, IN WHICH THEY RECEIVE INTENSIVE CASE MANAGEMENT TO WORK TOWARDS PERSONAL GOALS. TWO YEARS OF CONTINUED SUPPORT IN THE CAREER SERVICES PROGRAM HELP YOUTH TRANSITION TO OTHER JOBS AND PERSIST IN EDUCATION. THROUGH THIS TRANSFORMATIVE PROGRAM, WE BUILD UP THE SELF-EFFICACY OF OUR YOUNG PEOPLE. WE PROVIDE THE STRUCTURE, ACCOUNTABILITY, AND SUPPORT NEEDED TO EMPOWER OUR YOUTH TO DO THE HARD WORK OF TRANSFORMING THEIR OWN LIVES. THIS MODEL WORKS BECAUSE WORK WORKS. IN OUR MOST RECENTLY COMPLETED FISCAL YEAR WE SERVED 329 YOUTH. 68% OF GRADUATES WERE PRODUCTIVELY ENGAGED IN SCHOOL AND/OR WORK OVER 30 HOURS/WEEK AND 95% OF YOUTH EITHER HAD EARNED, OR WERE ON TRACK TO EARN THEIR HIGH SCHOOL DIPLOMA OR HISET.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jodi Rosenbaum CEO | OfficerTrustee | 40 | $114,005 |
Jennifer Herbert COO | 40 | $110,732 | |
Shaun Newell Chief Of Social Enterprise | 40 | $106,592 | |
John Chory Chair | OfficerTrustee | 2 | $0 |
Barbara Berke Secretary | OfficerTrustee | 2 | $0 |
Mike Mccullough Treasurer | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dhl Delivery Service | 6/29/21 | $1,037,136 |
Ecratchit Accounting/cfoservices | 6/29/21 | $108,277 |
Indaba Systems Hosting Fees | 6/29/21 | $104,656 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $26,000 |
Related organizations | $0 |
Government grants | $2,170,414 |
All other contributions, gifts, grants, and similar amounts not included above | $3,122,513 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,318,927 |
Total Program Service Revenue | $0 |
Investment income | $3,965 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$32,556 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,142,307 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,459,719 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
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. | $120,857 |
Compensation of current officers, directors, key employees. | $40,286 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,498,442 |
Pension plan accruals and contributions | $51,600 |
Other employee benefits | $224,855 |
Payroll taxes | $334,308 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $147,505 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $189,256 |
Advertising and promotion | $66,092 |
Office expenses | $0 |
Information technology | $29,100 |
Royalties | $0 |
Occupancy | $903,061 |
Travel | $7,438 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $8,639 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $326,751 |
Insurance | $75,180 |
All other expenses | $33,753 |
Total functional expenses | $6,304,208 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $947,076 |
Savings and temporary cash investments | $3,403,182 |
Pledges and grants receivable | $999,880 |
Accounts receivable, net | $393,278 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $37,301 |
Prepaid expenses and deferred charges | $96,245 |
Net Land, buildings, and equipment | $3,121,863 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $6,062,026 |
Other assets | $30,928 |
Total assets | $15,091,779 |
Accounts payable and accrued expenses | $468,193 |
Grants payable | $0 |
Deferred revenue | $35,825 |
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 | $6,572,723 |
Total liabilities | $7,076,741 |
Net assets without donor restrictions | $7,166,517 |
Net assets with donor restrictions | $848,521 |
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 | $15,091,779 |
Over the last fiscal year, we have identified 1 grants that More Than Words Inc has recieved totaling $1,000.
Awarding Organization | Amount |
---|---|
Kates Foundation Inc Norwell, MA PURPOSE: CHARITABLE CONTRIBUTIONS | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |