The Boston Consortium For Higher Education Inc
- Assets
- $2.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Auburndale, MA
- Founding
- 02/1999
- Data as of
- 06/2021
- EIN
- 04-3427564
Organization Overview
The Boston Consortium For Higher Education Inc is located in Auburndale, MA. The organization was established in 1999. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Boston Consortium For Higher Education Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Consortium For Higher Education 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, Boston Consortium For Higher Education Inc generated $2.0m 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 (4.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
IMPROVING THE PROFESSIONAL SKILLS OF COLLEGE OPERATIONAL ADMINISTATORS AND ACT AS A VEHICLE FOR COLLABORATIVE EFFORTS AT REDUCING OPERATIONAL COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DATA COLLECTION - IN ORDER TO IDENTIFY CURRENT PRACTICE EFFECTIVENESS, INFORMATION WILL BE SOUGHT TO DETERMINE FUTURE BENCHMARKS FOR OPERATING STANDARDS AND TO EMPLOY "BEST PRACTICE" METHODOLOGIES. BY DETERMINING HOW WORK IS CURRENTLY PROCESSED, WE HOPE TO LEARN HOW WE CAN MAKE IT LESS TIME CONSUMING AND THEREFORE MORE EFFICIENT AND LESS EXPENSIVE. COLLABORATIVE PROJECTS IT IS ANTICIPATED THAT THE RESEARCH, DISCOVERY AND DATA COLLECTION EFFORT WILL IDENTIFY AREAS IN WHICH TWO OR MORE MEMBERS CAN CONSOLIDATE THEIR EFFORTS AND CREATE ECONOMIES. LEVERAGED SCALE THE COMBINED SIZE OF THESE SCHOOLS WORKING COLLABORATIVELY ON MATTERS THAT ARE NOT OF COMPETITIVE NATURE WILL INCREASE CHOICE AND LOWER COST. ENTREPRENEURIAL IT IS CONCEIVABLE THAT SEVERAL SCHOOLS, WORKING THROUGH THE CONSORTIUM, MAY FORM WHOLLY OWNED ENTITIES TO PROVIDED SERVICES AT LOWER COST. THESE COULD TAKE THE FORM OF JOINT VENTURES, PARTNERSHIPS, OR ALLIANCES WITH OTHER ORGANIZATIONS OR SCHOOLS FOR THE PURPOSE OF INCREASING SERVICE, LOWERING COST, AND IMPROVING OVERALL EFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Kennedy Executive Di | OfficerTrustee | 40 | $236,347 |
Samantha Spezeski Director Of | Officer | 40 | $184,374 |
Susan Fletcher Director Of | Officer | 40 | $166,426 |
Jessica Smith Director Of | 40 | $110,884 | |
John Burke Secretary | OfficerTrustee | 0.5 | $0 |
Katherine Craven Director 2/2 | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $839,706 |
| Investment income | $2,997 |
| 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 | $2,004,860 |
| Statement of Expenses | |
|---|---|
| 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. | $585,679 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,265 |
| Pension plan accruals and contributions | $118,899 |
| Other employee benefits | $63,018 |
| Payroll taxes | $78,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,551 |
| 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 | $26,224 |
| Advertising and promotion | $0 |
| Office expenses | $13,214 |
| Information technology | $59,294 |
| Royalties | $0 |
| Occupancy | $70,350 |
| Travel | $126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,667 |
| Insurance | $23,579 |
| All other expenses | $0 |
| Total functional expenses | $1,787,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23 |
| Savings and temporary cash investments | $1,939,498 |
| Pledges and grants receivable | $69,677 |
| 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 | $55,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,476 |
| Total assets | $2,360,199 |
| Accounts payable and accrued expenses | $219,970 |
| Grants payable | $0 |
| Deferred revenue | $201,543 |
| 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 | $281,033 |
| Total liabilities | $702,546 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,657,653 |