Beverly Bootstraps Community Services Inc
- Assets
- $4.8m
- Revenue
- $4.2m
- Investments
- $307.7k
- Employees
- 92
- Location
- Beverly, MA
- Founding
- 05/1995
- Data as of
- 06/2023
- EIN
- 04-3254507
Organization Overview
Beverly Bootstraps Community Services Inc is located in Beverly, MA. The organization was established in 1995. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Beverly Bootstraps Community Services Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Bootstraps Community Services 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, Beverly Bootstraps Community Services Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $4.3m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 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
BEVERLY BOOTSTRAPS COMMUNITY SERVICES PROVIDES CRITICAL RESOURCES TO FAMILIES AND INDIVIDUALS SO THEY MAY ACHIEVE SELF-SUFFICIENCY. THE ORGANIZATION OFFERS EMERGENCY AND LONG-TERM ASSISTANCE INCLUDING: ACCESS TO FOOD, HOUSING STABILITY, ADULT AND YOUTH PROGRAMS, EDUCATION, COUNSELING AND ADVOCACY. THE ORGANIZATION IS COMMUNITY FUNDED AND SUPPORTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOOD ASSISTANCE PROGRAMS PROVIDE EMERGENCY FOOD TO THOSE IN NEED THROUGH A PANTRY VISIT OR DELIVERY MONDAY THROUGH THURSDAY. DURING FY23, THE FOOD ASSISTANCE SERVED 3,428 INDIVIDUALS (1,825 HOUSEHOLDS) WITH 641,937 LBS OF FOOD DISTRIBUTED IN 14,591 VISITS. DURING FY23, THE SENIOR BAGS WERE DELIVERED TO AN ESTIMATED 1,950 SENIORS. THE WEEKEND BAG PROGRAM DELIVERED 9,704 BAGS TO SCHOOL CHILDREN THROUGHOUT THE ELEMENTARY AND MIDDLE SCHOOLS IN BEVERLY. THANKSGIVING MEAL INGREDIENTS WERE DISTRIBUTED TO 525 HOUSEHOLDS. IN FY23, THE REFRIGERATED FOOD LOCKER PROGRAM BENEFITED NEARLY 100 PEOPLE.
ADULT EDUCATION INCLUDES HIGH SCHOOL EQUIVALENCY (HSE) HISET TEST PREPARATION, ENGLISH SPEAKERS OF OTHER LANGUAGE (ESOL), AND COLLEGE AND CAREER READINESS (CCR). THE HSE PROGRAM CONTINUED IN FY23 WITH MANY STUDENTS STUDYING VIRTUALLY AND SOME BACK IN PERSON WITH THEIR TUTOR. THERE WERE 29 STUDENTS REGULARLY STUDYING, PASSING 80 OUT OF 92 INDIVIDUAL TESTS. 11 STUDENTS COMPLETED ALL 5 SUBJECT EXAMS TO RECEIVE THEIR HISET EQUIVALENCY CERTIFICATE. ESOL STUDENTS RETURNED TO OUR CLASSES AND 78 STUDENTS STUDIED REGULARLY CLOCKING 4227 HOURS LEARNED OVER THE COURSE OF THE YEAR. FY23, 750 CHILDREN RECEIVED SCHOOL SUPPLIES INCLUDING BACKPACKS, NOTEBOOKS, WRITING IMPLEMENTS, PENCILS, MARKERS AND OTHER ITEMS NEEDED FOR THEIR ACADEMIC SUCCESS. THE ORGANIZATION DISTRIBUTED HOLIDAY GIFTS TO 748 CHILDREN.
THE THRIFT SHOP IS A LOCAL COMMUNITY RESOURCE THAT PROVIDES SHOPPERS WITH MERCHANDISE AT DISCOUNTED PRICES AND DONORS THE OPPORTUNITY TO RECYCLE ITEMS. CLIENTS MAY RECEIVE VOUCHERS FOR FREE MERCHANDISE. IN FY23, 208 VOUCHERS WERE WRITTEN, TOTALING $9,750.
IN FY23, 750 CHILDREN RECEIVED SCHOOL SUPPLIES INCLUDING BACKPACKS, NOTEBOOKS, WRITING IMPLEMENTS, PENCILS, MARKERS AND OTHER ITEMS NEEDED FOR THEIR ACADEMIC SUCCESS. THE ORGANIZATION DISTRIBUTED HOLIDAY GIFTS TO 748 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Cahill Director | Trustee | 1 | $0 |
Laurence Chase Director | Trustee | 1 | $0 |
Melissa Dane Director (fmr President) | Trustee | 1 | $0 |
Amanda Dobbins Director | Trustee | 1 | $0 |
Allan Huntley Treasurer | OfficerTrustee | 3 | $0 |
Marilyn Kramer Vice President (fmr Dir) | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,782,258 |
| Noncash contributions included in lines 1a–1f | $1,727,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,872,091 |
| Total Program Service Revenue | $0 |
| Investment income | $7,162 |
| 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 | $329,216 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,208,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $188,075 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,266 |
| Compensation of current officers, directors, key employees. | $42,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,539,733 |
| Pension plan accruals and contributions | $42,133 |
| Other employee benefits | $193,233 |
| Payroll taxes | $160,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,849 |
| Fees for services: Investment Management | $1,617 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,265 |
| Office expenses | $137,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,891 |
| Interest | $22,557 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,990 |
| Insurance | $41,594 |
| All other expenses | $116,947 |
| Total functional expenses | $4,279,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,191 |
| Savings and temporary cash investments | $144,728 |
| Pledges and grants receivable | $206,779 |
| 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 | $64,184 |
| Prepaid expenses and deferred charges | $27,202 |
| Net Land, buildings, and equipment | $3,332,642 |
| Investments—publicly traded securities | $229,761 |
| Investments—other securities | $307,746 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,756,233 |
| Accounts payable and accrued expenses | $180,377 |
| 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 | $528,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $708,418 |
| Net assets without donor restrictions | $3,927,815 |
| Net assets with donor restrictions | $120,000 |
| 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 | $4,756,233 |