New England Business Associates Inc
- Assets
- $2.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 61
- Location
- Springfield, MA
- Founding
- 12/1984
- Data as of
- 06/2023
- EIN
- 04-2790394
Organization Overview
New England Business Associates Inc is located in Springfield, MA. The organization was established in 1984. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, New England Business Associates Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Business Associates 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 06/2023, New England Business Associates Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT EMPLOYMENT FOR DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW ENGLAND BUSINESS ASSOCIATES PROVIDES PRE-EMPLOYMENT, SUPPORTED EMPLOYMENT, SELF-EMPLOYMENT, AND JOB/CAREER PLACEMENT SERVICES TO INDIVIDUALS WITH DISABILITIES TO BECOME SELF-SUFFICIENT AND ECONOMICALLY EMPOWERED AS POSSIBLE.
NEW ENGLAND BUSINESS ASSOCIATES PROVIDES PRE-EMPLOYMENT, SUPPORTED EMPLOYMENT, SELF-EMPLOYMENT, AND JOB/CAREER PLACEMENT SERVICES TO INDIVIDUALS WITH DISABILITIES TO BECOME SELF-SUFFICIENT AND ECONOMICALLY EMPOWERED AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeannine Pavlak Executive Director | Officer | 40 | $124,272 |
David Hoff President | OfficerTrustee | $0 | |
Jim Boone Director | OfficerTrustee | $0 | |
Johanna Maldonado Director | OfficerTrustee | $0 | |
Jack O'malley Treasurer | OfficerTrustee | $0 | |
Karlene Shea Director | OfficerTrustee | $0 |
Financial Statements
| 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 | $120,797 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,797 |
| Total Program Service Revenue | $3,074,321 |
| Investment income | $14,786 |
| 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 | $3,314,219 |
| 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. | $2,058,405 |
| Compensation of current officers, directors, key employees. | $124,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $182,236 |
| Payroll taxes | $204,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,750 |
| 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 | $67,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $198,852 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,726 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,506 |
| Insurance | $14,088 |
| All other expenses | $0 |
| Total functional expenses | $3,223,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,207,618 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $363,303 |
| 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 | $37,105 |
| Net Land, buildings, and equipment | $19,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,067 |
| Total assets | $2,629,976 |
| Accounts payable and accrued expenses | $390,357 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $390,357 |
| Net assets without donor restrictions | $2,239,619 |
| Net assets with donor restrictions | $0 |
| 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 | $2,629,976 |