Mother Caroline Academy And Education Center
- Assets
- $12.7m
- Revenue
- $2.6m
- Investments
- $11.3m
- Employees
- 24
- Location
- Dorchester, MA
- Founding
- 03/1994
- Data as of
- 06/2022
- EIN
- 04-3163180
Organization Overview
Mother Caroline Academy And Education Center is located in Dorchester, MA. The organization was established in 1994. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Mother Caroline Academy And Education Center employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mother Caroline Academy And Education Center 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, Mother Caroline Academy And Education Center generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
*REFER TO SCHEDULE O, PAGE 51MOTHER CAROLINE ACADEMY AND EDUCATION CENTER NURTURES, INSPIRES AND EMPOWERS STUDENTS AND FAMILIES TO ACHIEVE SUCCESS THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY IS A TUITION FREE SCHOOL (GRADE 3-8) SERVING APPROXIMATELY 70 GIRLS FROM ECONOMICALLY DISADVANTAGED FAMILIES. WE SEEK TO DEVELOP YOUNG WOMEN WITH A STRONG SENSE OF SELF-CONFIDENCE AND ESTEEM FOR THEMSELVES AND OTHERS AND INSTILL LEADERSHIP QUALITIES WHICH WILL ENABLE THEM LATER IN LIFE TO SERVE THE NEEDS OF THEIR BROADER COMMUNITIES. DURING THE MANDATORY AFTER-SCHOOL PROGRAM, STUDENTS ENGAGE IN A VARIETY OF ACTIVITIES SUCH AS SPORTS, ART, AND COOKING. THE EVENING STUDY PROGRAM HELPS STUDENTS COMPLETE HOMEWORK ASSIGNMENTS AND/OR PROVIDES TUTORING. GRADUATE SUPPORT IS PROVIDED. 100% OF OUR GIRLS GRADUATE FROM HIGH SCHOOL AND 95% GRADUATE FROM COLLEGE.
THE MENTORING PROGRAM SEEKS TO PROVIDE SUPPORT TO CURRENT 7TH AND 8TH GRADE STUDENTS OF MCAEC IN PREPARATION FOR TRANSITION AWAY FROM THE MCAEC SCHOOL ENVIRONMENT, INTO PRIVATE HIGH SCHOOLS, AND ULTIMATELY TO COLLEGE. THE PROGRAM SERVED APPROXIMATELY 25 STUDENTS DURING THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annmarie Quezada Head Of School, Trustee, Ex-Officio | Trustee | 40 | $154,479 |
Melissa Menard Chair, Trustee | OfficerTrustee | 2 | $0 |
Essence Lee Souffrant Vice Chair, Trustee | OfficerTrustee | 2 | $0 |
Jarrell Perkins Treasurer, Trustee | OfficerTrustee | 2 | $0 |
Meg Tallon Governance, Trustee | OfficerTrustee | 2 | $0 |
Miriam Alves Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Darius Facilities Management Facilities Management | 6/29/21 | $125,881 |
Urban Catholic Teachers Corp Education | 6/29/21 | $119,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $290,129 |
| Related organizations | $0 |
| Government grants | $269,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,083,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,642,965 |
| Total Program Service Revenue | $16,150 |
| Investment income | $185,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $769,059 |
| Net Income from Fundraising Events | -$27,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,588,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,000 |
| Compensation of current officers, directors, key employees. | $49,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,120,861 |
| Pension plan accruals and contributions | $10,185 |
| Other employee benefits | $98,586 |
| Payroll taxes | $118,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,070 |
| Advertising and promotion | $2,186 |
| Office expenses | $38,751 |
| Information technology | $87,057 |
| Royalties | $0 |
| Occupancy | $334,636 |
| Travel | $5,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,122 |
| Interest | $1,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,642 |
| Insurance | $40,451 |
| All other expenses | $0 |
| Total functional expenses | $2,285,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,858 |
| Savings and temporary cash investments | $461,829 |
| Pledges and grants receivable | $202,697 |
| Accounts receivable, net | $0 |
| 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 | $37,642 |
| Net Land, buildings, and equipment | $250,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,315,238 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,675,822 |
| Accounts payable and accrued expenses | $127,062 |
| 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 | $10,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,806 |
| Net assets without donor restrictions | $3,537,182 |
| Net assets with donor restrictions | $9,000,834 |
| 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 | $12,675,822 |