Acord Inc
- Assets
- $797.5k
- Revenue
- $495.3k
- Investments
- $0.0
- Employees
- 4
- Location
- South Hamilton, MA
- Founding
- 08/1995
- Data as of
- 06/2021
- 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. As of 06/2021, Acord Inc employed 4 individuals. 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 06/2021, Acord Inc generated $495.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $354.4k during the year ending 06/2021. While expenses have increased by 17.4% 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
ACORD WAS FOUNDED IN 1991 WITH THE MISSION OF EMPOWERING INDIVIDUALS AND FAMILIES TO FEED THEMSELVES IN A NUTRITIONALLY BALANCED WAY. ACORD IS A NONDENOMINATIONAL, GREEN, GRASSROOTS ORGANIZATION STAFFED BY MORE THAN 100 VOLUNTEERS AND SUPPORTING ALMOST 4,000 CLIENT VISITS EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACORD 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 Hamilton Finance And Outreach Committee | Officer | 10 | $0 |
Deborah Everett Treasurer | Officer | 10 | $0 |
Adam Liptak Chair | Officer | 10 | $0 |
Stacy Hughes Hamilton Outreach And Development Committee | Trustee | 10 | $0 |
Tom Ackerman Finance Committee | Trustee | 10 | $0 |
Alana Mitchell Secretary | Trustee | 10 | $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 | $484,457 |
| Noncash contributions included in lines 1a–1f | $89,311 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,457 |
| Total Program Service Revenue | $0 |
| Investment income | $5,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,332 |
| 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 | $62,220 |
| Other salaries and wages | $61,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,470 |
| Advertising and promotion | $0 |
| Office expenses | $3,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,219 |
| 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 | $4,684 |
| Insurance | $2,587 |
| All other expenses | $210 |
| Total functional expenses | $354,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,477 |
| Savings and temporary cash investments | $416,703 |
| 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 | $22,928 |
| Investments—publicly traded securities | $256,193 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,200 |
| Total assets | $797,501 |
| 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 | $10,281 |
| Total liabilities | $10,281 |
| Net assets without donor restrictions | $783,773 |
| Net assets with donor restrictions | $3,447 |
| 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 | $797,501 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Acord Inc has recieved totaling $20,568.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,200 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,211 |
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $2,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,000 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $450 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry Street Settlement New York, NY | $75,269,061 | $50,430,824 |
University Settlement Society Of New York New York, NY | $42,233,481 | $34,399,388 |
Goddard Riverside Community Center New York, NY | $111,250,602 | $29,382,922 |
Jewish Community Center Of Staten Island Inc Staten Island, NY | $42,297,194 | $36,175,082 |
Queens Community House Inc Forest Hills, NY | $24,373,474 | $31,964,067 |
Southwestern Community Services Inc Keene, NH | $18,384,799 | $28,251,643 |
The Jewish Community Center In Manhattan Inc New York, NY | $112,890,259 | $24,957,738 |
Lenox Hill Neighborhood House Inc New York, NY | $47,590,223 | $25,360,828 |
Berkshire Community Action Council Inc Pittsfield, MA | $2,763,554 | $16,009,775 |
Greenwich House Inc New York, NY | $11,549,979 | $15,122,608 |
Jewish Community Center Of Greater Boston Inc Newton, MA | $45,652,157 | $18,629,565 |
Neighborhood Center Inc Utica, NY | $17,931,948 | $14,494,044 |