Metro North Regional Employment Board
- Assets
- $4.4m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Somerville, MA
- Founding
- 02/1996
- Data as of
- 06/2023
- EIN
- 04-3279555
Organization Overview
Metro North Regional Employment Board is located in Somerville, MA. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Metro North Regional Employment Board employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro North Regional Employment Board 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, Metro North Regional Employment Board generated $11.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $11.4m during the year ending 06/2023. While expenses have increased by 6.6% 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.
Since 2019, Metro North Regional Employment Board has awarded 181 individual grants totaling $30,203,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AS THE POLICY AND OVERSIGHT BOARD FOR THE WORKFORCE DEVELOPMENT SYSTEM IN MASSACHUSETTS METRO NORTH REGION;TO OVERSEE THE IMPLEMENTATION OF STATE/FEDERAL LEGISLATIVE INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE STOP CAREER CENTERS (OSCC) - POLICY AND ADMINISTRATIVE OVERSIGHT OF TWO OSCC'S. OSCC'S ASSIST INDIVIDUALS IN ACHIEVING SELF-SUFFICIENCY THROUGH THE RECEIPT OF HIGH-QUALITY COMPREHENSIVE SERVICES THROUGH THE STATE EMPLOYMENT NETWORK.
ADULT BASIC EDUCATION - THIS PROGRAM IS DESIGNED FOR THE ADMINISTRATION OF ADULT BASIC EDUCATION AND ENGLISH AS SECOND LANGUAGE PROGRAMS AND RELATED FUNDING IS PASSED THROUGH TO SEVEN EDUCATIONAL AGENCIES. CONNECTING ACTIVITIES - THIS PROGRAM WAS DESIGNED FOR THE DEVELOPMENT, OVERSIGHT, AND INTEGRATION OF SCHOOL-TO-WORK INTO A SYSTEM OF EDUCATION AND WORKFORCE DEVELOPMENT AND RELATED FUNDING IS PASSED THROUGH TO THE ORGANIZATION'S TWO CAREER CENTERS. ADVANCED MANUFACTURING TRAINING PROGRAM - THIS PROGRAM IS DESIGNED TO PROVIDE ADVANCED MANUFACTURING TRAINING TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS. CAREER OPPORTUNITIES IN RETAIL - THIS PROGRAM IS DESIGNED TO IMPROVE THE PERCEPTION OF RETAIL CAREERS AMONG JOB SEEKERS BY DEMONSTRATING THE SECTORS VARIED CAREER PATHWAY AND OPPORTUNITIES FOR ADVANCEMENT.
YOUTH WORKS - YOUTH WORK PROGRAM FUNDED BY COMMONWEALTH CORPORATION DESIGNED TO PROVIDE JOBS FOR AT RISK YOUTH IN BOSTON'S METRO NORTH AREA.
WORKFORCE INNOVATION OPPORTUNITY ACT (WIOA) - FISCAL AGENT FOR MNREB'S TWO OSCC'S AND SEVEN OTHER PUBLICLY FUNDED AGENCIES THAT PROVIDING TRAINING AND EMPLOYMENT ASSISTANCE TO QUALIFIED AMERICAN RESIDENTS UNDER WIOA PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carson Burrington Chair | OfficerTrustee | 1 | $0 |
Colleen Moran Vice Chair | OfficerTrustee | 1 | $0 |
Susan Walsh Clerk | OfficerTrustee | 1 | $0 |
Valerie Sutton Treasurer | OfficerTrustee | 1 | $0 |
Rosemary Alexander Director | Trustee | 1 | $0 |
Allen Boyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,878,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,792,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,671,599 |
| Total Program Service Revenue | $0 |
| Investment income | $12,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,551 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,676,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,502,483 |
| 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. | $441,805 |
| Compensation of current officers, directors, key employees. | $100,753 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,336,383 |
| Pension plan accruals and contributions | $38,241 |
| Other employee benefits | $166,517 |
| Payroll taxes | $146,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,100 |
| Fees for services: Accounting | $17,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,072 |
| Fees for services: Other | $20,243 |
| Advertising and promotion | $665 |
| Office expenses | $32,777 |
| Information technology | $66,773 |
| Royalties | $0 |
| Occupancy | $81,150 |
| Travel | $7,306 |
| 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 | $3,000 |
| Insurance | $8,742 |
| All other expenses | $9,534 |
| Total functional expenses | $11,445,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,692 |
| Savings and temporary cash investments | $401,664 |
| Pledges and grants receivable | $3,276,678 |
| 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 | $16,104 |
| Net Land, buildings, and equipment | $7,000 |
| Investments—publicly traded securities | $447,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,448,111 |
| Accounts payable and accrued expenses | $3,143,807 |
| 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 | $31,007 |
| Total liabilities | $3,174,814 |
| Net assets without donor restrictions | $659,743 |
| Net assets with donor restrictions | $613,554 |
| 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 | $4,448,111 |
Grants Awarded
Over the last fiscal year, Metro North Regional Employment Board has awarded $8,273,504 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ABCD COMPANY PURPOSE: JOB TRAINING & PLACE | $4,077,658 |
CAMBRIDGE HOUSING AUTHORITY PURPOSE: JOB TRAINING & PLACE | $22,317 |
CHELSEA COLLABORATIVE PURPOSE: JOB TRAINING & PLACE | $950,909 |
CITY OF CAMBRIDGE PURPOSE: JOB TRAINING & PLACE | $100,318 |
CITY OF EVERETT PURPOSE: JOB TRAINING & PLACE | $202,094 |
CITY OF REVERE PURPOSE: JOB TRAINING & PLACE | $493,276 |