More Than Words Inc

Organization Overview

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 06/2022, More Than Words Inc employed 330 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 06/2022, More Than Words Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 12.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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

MORE THAN WORDS INC., (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: 50% ARE INVOLVED IN THE FOSTER CARE SYSTEM, 25% ARE COURT-INVOLVED, AND 30% ARE HOMELESS. OVER THE PAST 19 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 $3M+ BUSINESS, DEVELOPING VALUABLE, TRANSFERABLE SKILLS APPROXIMATELY 20 HOURS/WEEK. YOUTH SOURCE USED BOOKS AND CLOTHING ITEMS, SELL THEM ONLINE AND IN TWO RETAIL STORES, AND RUN A FLEXIBLE EVENT SPACE. 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 314 YOUTH. 67% OF GRADUATES WERE PRODUCTIVELY ENGAGED IN SCHOOL AND/OR WORK OVER 30 HOURS/WEEK AND 92% OF YOUTH EITHER HAD EARNED OR WERE ON TRACK TO EARN THEIR HIGH SCHOOL DIPLOMA OR HISET.


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Board, Officers & Key Employees

Name (title)Compensation
Jodi Rosenbaum
CEO
$121,008
John Chory
Chair
$0
Barbara Berke
Vice Chair And Clerk
$0
Jefferson Macklin
Director
$0
Mark Touhey
Director
$0
Chris Casgar
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dhl
Delivery Service
$925,742
Gentle Giant Moving Co
Moving/storage Expense
$152,313
Ecratchit
Accounting/cfoservices
$146,216
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$345,590
Related organizations$0
Government grants $2,476,066
All other contributions, gifts, grants, and similar amounts not included above$4,326,300
Noncash contributions included in lines 1a–1f $311,438
Total Revenue from Contributions, Gifts, Grants & Similar$7,147,956
Total Program Service Revenue$0
Investment income $3,429
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,558
Net Income from Fundraising Events -$22,854
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $827,301
Miscellaneous Revenue$0
Total Revenue $7,979,220

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