Acord Inc
- Assets
- $904.0k
- Revenue
- $336.0k
- Investments
- $0.0
- Employees
- 0
- Location
- South Hamilton, MA
- Founding
- 08/1995
- Data as of
- 06/2023
- EIN
- 04-3253511
Organization Overview
Acord Inc is located in South Hamilton, MA. The organization was established in 1995. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acord 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, Acord Inc generated $336.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $300.4k during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 5 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
ACCORD WAS FOUNDED IN 1991 WITH THE MISSION OF EMPOWERING INDIVIDUALS AND FAMILIES TO FEED THEMSELVES IN A NUTRITIONALLY BALANCED WAY. THEY ARE A NONDENOMINATIONAL, GREEN, GRASSROOTS ORGANIZATION STAFFED BY MORE THAN 100 VOLUNTEERS AND SUPPORTING ALMOST 4,000 CLIENT VISITS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCORD ALLOWS CLIENTS TO SHOP ONCE PER WEEK, AND THEY MAY CHOOSE FROM A VARIETY OF ITEMS OFFERED, INCLUDING: FRESH DAIRY, EGGS, MEAT, FISH, FRESH PRODUCE, AND SHELF STABLE ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Heath Committee Member | Trustee | 1 | $0 |
Tom Ackerman Finance Committee | Trustee | 1 | $0 |
Stephen Kolano Director | Trustee | 1 | $0 |
Lindsay Whitman Committee Member | Trustee | 1 | $0 |
Anthony Passaretti Hamilton Communications Committee | Trustee | 1 | $0 |
Adam Liptak President | Officer | 2 | $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 | $323,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,424 |
| Total Program Service Revenue | $0 |
| Investment income | $12,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,983 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,922 |
| Advertising and promotion | $1,064 |
| Office expenses | $707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,226 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,751 |
| Insurance | $1,397 |
| All other expenses | $4,488 |
| Total functional expenses | $300,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,040 |
| Savings and temporary cash investments | $437,416 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $19,627 |
| Investments—publicly traded securities | $415,911 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,050 |
| Total assets | $904,044 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $901,511 |
| Net assets with donor restrictions | $2,533 |
| 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 | $904,044 |