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 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 6.1% 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
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.
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.
FREC FOUNDATION - TECHNOLOGY GIVEBACK TO MEMBERS DISTRICT AND OTHER PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ricci Hall President | OfficerTrustee | 37.5 | $179,604 |
Robert Knittle Director | Trustee | 0 | $0 |
Kathleen Comer Chairperson | Trustee | 0 | $0 |
Nancy Tully Director | Trustee | 0 | $0 |
Keith Ventimiglia Director | Trustee | 0 | $0 |
Michael Fields Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $3,591,538 |
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 organizations and domestic governments. | $0 |
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 of current officers, directors, key employees. | $251,703 |
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 | $14,799 |
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 |
Net Land, buildings, and equipment | $9,093 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,328,547 |
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