Area Cooperative Educational Services
- Assets
- $106.5m
- Revenue
- $128.4m
- Investments
- $0.0
- Employees
- 1,450
- Location
- North Haven, CT
- Founding
- 05/1974
- Data as of
- 06/2019
- EIN
- 06-0881700
Organization Overview
Area Cooperative Educational Services is located in North Haven, CT. The organization was established in 1974. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2018, Area Cooperative Educational Services employed 1,450 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Area Cooperative Educational Services 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 06/2019, Area Cooperative Educational Services generated $128.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $136.9m during the year ending 06/2019. While expenses have increased by 8.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER OUR STUDENTS, MEMBER DISTRICTS, AND OTHER CLIENTS TO MEET EDUCATIONAL AND LIFE CHALLENGES IN THE CHANGING GLOBAL ENVIRONMENT BY PROVIDING COLLABORATIVE, CUSTOMIZED, COST EFFECTIVE SOLUTIONS TO MEET IDENTIFIED NEEDS OF OUR EDUCATIONAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACES PROVIDES SPECIAL EDUCATION AND RELATED SERVICES TO STUDENTS FROM MEMBER TOWNS. VARIOUS LEVELS OF INSTRUCTION ARE PROVIDED TO STUDENTS WHO ARE MENTALLY AND/OR PHYSICALLY HANDICAPPED AND GIFTED OR TALENTED. ACES PROVIDES THESE SERVICES WITH TUITION REVENUE RECEIVED FROM MEMBER TOWNS AS WELL AS GRANTS RECEIVED FROM THE STATE AND FEDERAL GOVERNMENTS. SERVICES ALSO INCLUDE PROFESSIONAL DEVELOPMENT/SCHOOL IMPROVEMENT PROGRAMS, ADULT & VOCATIONAL PROGRAM ACTIVITIES, SCHOOL READINESS, REGULAR EDUCATION, FACILTIES OPERATIONS, ARTS IN EDUCATION, AND ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas M Danehy Executive Director | Officer | 40 | $212,356 |
Timothy Howes Assistant Ed, Finance | Officer | 40 | $155,287 |
Laura Evangelist Director | 40 | $148,647 | |
William Rice Assistant Ed, Curriculum | 40 | $148,166 | |
Vanessa Taragowski Director Of Pupil Services | 40 | $147,867 | |
James Hoko Director Of Behavioral Services | 40 | $147,640 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silver Petrucelli & Associates Architectural Services | 6/29/18 | $1,533,052 |
Dattco Bus Company Bus Transportation | 6/29/18 | $1,283,745 |
California First National Bank Financial Services | 6/29/18 | $552,723 |
Munger Construction Inc Construction Services | 6/29/18 | $794,265 |
Chartwells Food Services | 6/29/18 | $837,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,873,953 |
| 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 | $128,354,119 |
| 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. | $1,030,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,794,483 |
| Pension plan accruals and contributions | $1,285,314 |
| Other employee benefits | $13,964,320 |
| Payroll taxes | $2,508,431 |
| Fees for services: Management | $4,497,130 |
| Fees for services: Legal | $257,832 |
| Fees for services: Accounting | $108,000 |
| Fees for services: Lobbying | $73,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,551 |
| Office expenses | $2,054,689 |
| Information technology | $225,658 |
| Royalties | $0 |
| Occupancy | $31,587,429 |
| Travel | $8,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,895 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,052,394 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $136,867,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,394,478 |
| Savings and temporary cash investments | $14,769,084 |
| Pledges and grants receivable | $12,368,506 |
| Accounts receivable, net | $1,169,045 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,504,185 |
| Accounts payable and accrued expenses | $7,453,417 |
| Grants payable | $1,921,490 |
| Deferred revenue | $51,835 |
| Tax-exempt bond liabilities | $73,100 |
| 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 | $1,169,045 |
| Other liabilities | $0 |
| Total liabilities | $10,668,887 |
| Net assets without donor restrictions | $23,845,768 |
| Net assets with donor restrictions | $71,989,530 |
| 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 | $95,835,298 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Area Cooperative Educational Services has recieved totaling $26,024.
| Awarding Organization | Amount |
|---|---|
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: DURABLE MEDICAL EQUIPMENT | $25,000 |
Thendara Foundation Inc Wilmington, DE PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Area Cooperative Educational Services North Haven, CT | $106,504,185 | $128,354,119 |
Judge Rotenberg Educational Center Inc Canton, MA | $44,183,993 | $90,766,696 |
Perkins School For The Blind Watertown, MA | $459,820,688 | $83,698,194 |
The Windward School White Plains, NY | $180,402,224 | $74,362,935 |
Hillcrest Educational Centers Inc Pittsfield, MA | $31,700,149 | $41,848,314 |
Landmark School Inc Prides Crossing, MA | $81,242,185 | $45,882,089 |
Mary Cariola Childrens Center Inc Rochester, NY | $32,501,953 | $38,497,065 |
Winston Preparatory School New York, NY | $56,916,189 | $37,261,516 |
American School For The Deaf West Hartford, CT | $58,629,293 | $44,148,151 |
Eden Ii School For Autistic Childern Inc Staten Island, NY | $32,260,171 | $32,379,334 |
New York Institute For Special Education Bronx, NY | $182,971,152 | $45,507,452 |
Boston Higashi School Inc Randolph, MA | $25,103,107 | $28,530,069 |