Colleges Of The Fenway Inc
- Assets
- $2.2m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 88
- Location
- Boston, MA
- Founding
- 05/2003
- Data as of
- 06/2021
- EIN
- 11-3682703
Organization Overview
Colleges Of The Fenway Inc is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Colleges Of The Fenway Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colleges Of The Fenway 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, Colleges Of The Fenway Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. While expenses have increased by 4.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A COLLABORATIVE OF FIVE NEIGHBORING BOSTON-BASED COLLEGES CREATED TO ADD VALUE TO STUDENT ACADEMIC AND CO-CURRICULAR OPPORTUNITIESWHILE SEEKING INNOVATIVE METHODS OF INVESTING IN SERVICES AND CONTAINING THE COSTS OF HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS AND COLLABORATIVE SERVICES/COFAN-SEE ATTACHED DESCRIPTION OF SERVICE ACCOMPLISHMENTS.
ACADEMIC PROGRAMS-SEE ATTACHED DESCRIPTION OF SERVICE ACCOMPLISHMENTS.
STUDENT ACTIVITIES, RESIDENTIAL LIFE, INTRAMAURALS, AND ADMISSIONS-SEE ATTACHED DESCRIPTION OF SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claire Ramsbottom Executive Director | Officer | 40 | $190,492 |
Bryce Cunningham Information Security Offic | 40 | $126,155 | |
Michael Malberg Director, Environmental Health & Safety | 40 | $111,275 | |
Bryan Sears Director Of Emergency Managemnet | 40 | $109,441 | |
Sister Janet Eisner Chair | OfficerTrustee | 2 | $0 |
Robert Totino Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $273,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,700 |
| Total Program Service Revenue | $3,088,837 |
| Investment income | $183 |
| 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 | $3,391,720 |
| 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. | $251,286 |
| Compensation of current officers, directors, key employees. | $251,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,992 |
| Pension plan accruals and contributions | $93,120 |
| Other employee benefits | $290,256 |
| Payroll taxes | $128,973 |
| Fees for services: Management | $109,929 |
| Fees for services: Legal | $20,206 |
| Fees for services: Accounting | $25,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,600 |
| Advertising and promotion | $175,906 |
| Office expenses | $1,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,489 |
| Insurance | $18,178 |
| All other expenses | $222 |
| Total functional expenses | $3,551,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,360 |
| Savings and temporary cash investments | $1,228,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,158 |
| 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 | $138,307 |
| Net Land, buildings, and equipment | $38,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,185,808 |
| Accounts payable and accrued expenses | $266,080 |
| Grants payable | $0 |
| Deferred revenue | $1,302,304 |
| 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 | $1,568,384 |
| Net assets without donor restrictions | $531,801 |
| Net assets with donor restrictions | $85,623 |
| 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 | $2,185,808 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colleges Of The Fenway Inc has recieved totaling $29,500.
| Awarding Organization | Amount |
|---|---|
Davis Educational Foundation Yarmouth, ME PURPOSE: Health Care Design Program | $29,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |