French River Education Center Inc
- Assets
- $4.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 86
- Location
- North Oxford, MA
- Founding
- 04/1987
- Data as of
- 06/2022
- EIN
- 22-2582539
Organization Overview
French River Education Center Inc is located in North Oxford, MA. The organization was established in 1987. 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, French River Education Center Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. French River Education Center 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, French River Education Center Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND TRAINING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION SERVICES - PROVIDES REGISTERED PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS TO MEMBER SCHOOLS.
FREC FOUNDATION - TECHNOLOGY GIVEBACK TO MEMBERS DISTRICT AND OTHER PROGRAMS
COURSES/WORKSHOPS - GRADUATE COURSES AND WORKSHOPS ARE PROVIDED TO TEACHERS AT A REDUCED TUITION TO ENABLE THEM TO COMPLY WITH STATE EDUCATIONAL REQUIREMENTS.
TRAINING - THE CENTER SERVES AS A VENDOR TO PROVIDE COMPUTER TRAINING FOR DISLOCATED WORKERS AND YOUNG PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Knittle Director | Trustee | 0 | $0 |
Ricci Hall President | OfficerTrustee | 37.5 | $179,604 |
Kathleen Comer Chairperson | Trustee | 0 | $0 |
Nancy Tully Director | Trustee | 0 | $0 |
Michael Fields Director | Trustee | 0 | $0 |
Keith Ventimiglia Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | -$318,891 |
| 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 | $3,272,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $425,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,340,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $397,419 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $14,132 |
| Advertising and promotion | $1,721 |
| Office expenses | $3,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,998 |
| Travel | $3,281 |
| 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 | $3,363 |
| Insurance | $52,904 |
| All other expenses | $0 |
| Total functional expenses | $3,582,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $575,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $625,700 |
| 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 | $16,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,102,535 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,328,547 |
| Accounts payable and accrued expenses | $146,830 |
| 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 | $23,800 |
| Total liabilities | $170,630 |
| Net assets without donor restrictions | $4,157,917 |
| 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 | $4,157,917 |