Ironstone Therapy Inc
- Assets
- $16.9k
- Revenue
- $80.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Andover, MA
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 04-3420288
Organization Overview
Ironstone Therapy Inc is located in Andover, MA. The organization was established in 1998. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Ironstone Therapy Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ironstone Therapy 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 12/2021, Ironstone Therapy Inc generated $80.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $60.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 7 years. 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
IRONSTONE THERAPY'S PURPOSE IS TO PROVIDE PHYSICAL, PSYCHOLOGICAL, OCCUPATIONAL, SPEECH, AND EDUCATION RELATED THERAPY SERVICES TO HANDICAPPED CHILDREN AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PHYSICAL, PSYCHOLOGICAL, OCCUPATIONAL, SPEECH, AND EDUCATION RELATED THERAPY SERVICES TO HANDICAPPED CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Murphy Pt Director | Trustee | 3 | $14,340 |
Elaine Francis President | Officer | 3 | $0 |
Mary E O'brien Treasurer | Officer | 15 | $0 |
Peter Raffalli MD Director | Trustee | 3 | $0 |
Deirdra Murphy Dpt Director | Trustee | 3 | $0 |
Linda Deangelo Dpt Director | Trustee | 3 | $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 | $23,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,637 |
| Total Program Service Revenue | $55,574 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,592 |
| 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. | $14,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,670 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,151 |
| Fees for services: Management | $4,344 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,235 |
| Advertising and promotion | $0 |
| Office expenses | $11,918 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,112 |
| All other expenses | $0 |
| Total functional expenses | $60,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,120 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,906 |
| Accounts payable and accrued expenses | $11,694 |
| Grants payable | $0 |
| Deferred revenue | $1,928 |
| 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 | $13,622 |
| Net assets without donor restrictions | $3,284 |
| Net assets with donor restrictions | $0 |
| 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 | $16,906 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ironstone Therapy Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Boston North Cancer Association Peabody, MA PURPOSE: CHARITABLE | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Rehabilitation Center Inc Yonkers, NY | $4,422,460 | $6,996,149 |
Ct Community Nonprofit Alliance Inc Rocky Hill, CT | $3,059,979 | $6,834,813 |
Life-Skills Home Training Tutorial Program For Pre-Schoolers Inc Whitestone, NY | $2,451,178 | $6,313,439 |
Attleboro Enterprises Incorporated North Attleboro, MA | $10,318,557 | $6,709,732 |
Harmony Services Inc Brooklyn, NY | $5,119,465 | $6,716,300 |
Icd International Center For The Disabled Inc New York, NY | $22,873,972 | $2,729,734 |
Blue Ridge Preservation Inc Nashua, NH | $13,830,907 | $6,896,814 |
Federation For Children With Special Needs Inc Boston, MA | $1,679,649 | $4,278,473 |
Firefighters Charitable Foundation Inc Farmingdale, NY | $947,302 | $4,060,867 |
Voice Health Institute Boston, MA | $11,192,928 | $565,504 |
Baker Victory Healthcare Center Lackawanna, NY | $600,379 | $2,279,479 |
Regional Emergency Medical Services Council Of New York City Inc New York, NY | $2,031,543 | $2,354,982 |