826 Boston Inc
- Assets
- $2.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 82
- Location
- Roxbury, MA
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 20-8065915
Organization Overview
826 Boston Inc is located in Roxbury, MA. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, 826 Boston Inc employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 826 Boston 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 06/2022, 826 Boston Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 14.9% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATIN'S MISSION STATEMENT
Describe the Organization's Program Activity:
SEE SCHEDULE O FOR DESCRIPTION OF PROGRAMS AND PROGRAM ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Drench Executive Director | Officer | 40 | $120,720 |
Gillian Kohli President | OfficerTrustee | 2 | $0 |
Janet Tiampo Vice President | OfficerTrustee | 2 | $0 |
Mimi Curran Treasurer | OfficerTrustee | 2 | $0 |
Marc Foster Clerk | OfficerTrustee | 2 | $0 |
Dave Bagnani Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $455,753 |
| Related organizations | $0 |
| Government grants | $915,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,001,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,372,444 |
| Total Program Service Revenue | $5,011 |
| Investment income | $434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$73,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,469 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,309,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $65,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,720 |
| Compensation of current officers, directors, key employees. | $24,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,667,577 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $224,128 |
| Payroll taxes | $151,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,840 |
| Fees for services: Accounting | $17,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,380 |
| Office expenses | $44,844 |
| Information technology | $33,026 |
| Royalties | $0 |
| Occupancy | $111,509 |
| Travel | $16,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,942 |
| Interest | $0 |
| Payments to affiliates | $63,000 |
| Depreciation, depletion, and amortization | $10,905 |
| Insurance | $14,575 |
| All other expenses | $905 |
| Total functional expenses | $2,685,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,197,018 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $185,998 |
| 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 | $24,915 |
| Net Land, buildings, and equipment | $35,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,543,583 |
| Accounts payable and accrued expenses | $155,694 |
| 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 | $0 |
| Total liabilities | $155,694 |
| Net assets without donor restrictions | $1,699,670 |
| Net assets with donor restrictions | $688,219 |
| 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 | $2,543,583 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 826 Boston Inc has recieved totaling $32,000.
| Awarding Organization | Amount |
|---|---|
Carole C Remick Ne Hs Journalism Collaborative Charitable Fdn Marblehead, MA PURPOSE: SERVES TRADITIONALLYUNDERSERVED STUDENTSWRITING PUBLISHING | $30,000 |
Csp Charitable Foundation Boston, MA PURPOSE: CHARITABLE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |