Neads Inc is located in Princeton, MA. The organization was established in 1973. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 08/2022, Neads Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neads 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 08/2022, Neads Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $3.7m during the year ending 08/2022. While expenses have increased by 6.4% 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
NEADS TRAINS AND BREEDS PUPPIES, AND A LIMITED NUMBER OF RESCUED DOGS TO ASSIST PEOPLE WHO ARE DEAF OR DISABLED, IN LIVING MORE INDEPENDENT LIVES AT HOME, IN SCHOOL AND AT WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOG AND CLIENT TRAINING - NEADS DOGS ARE TRAINED TO PERFORM AND BEHAVE OBEDIENTLY THROUGH THE USE OF POSITIVE REINFORCEMENT AND CLEAR LEADERSHIP. NEADS DOGS ARE TAUGHT A LIST OF CORE COMMANDS AND THEY FOLLOW A BASIC TRAINING SCHEDULE THROUGHOUT PUPPYHOOD. 90 -95% OF NEADS PUPPIES ARE TRAINED IN CORRECTIONAL FACILITIES IN MASSACHUSETTS AND RHODE ISLAND. UNDER THE GUIDANCE OF NEADS STAFF, PRISON INMATES ARE ABLE TO PROVIDE CONSISTENT TRAINING AT A HIGH LEVEL. TO ENSURE THAT THE PUPPIES HAVE A FULL RANGE OF EXPERIENCES,PUPPIES SPEND THEIR WEEKENDS AT A VOLUNTEER'S HOME AND FOLLOW A CURRICULUM THAT INCLUDES CAR RIDES,TRAFFIC, BUS STATIONS, MOVIE THEATERS, RESTAURANTS, GROCERY STORES, AND ALL THE TYPICAL EXPERIENCES OF LIFE. ONCE A DOG IS NEARING COMPLETION OF THE PROGRAM AND IS MATCHED WITH A SPECIFIC CLIENT, THE DOG'S TRAINING IS TAILORED TO THE CLIENT'S UNIQUE NEEDS. MOST IMPORTANTLY,WE RAISE AND TRAIN THE PERFECT WORKING PARTNER FOR EACH OF OUR CLIENTS. NEADS TRAINS THE WIDEST RANGE OF SERVICE DOGS IN THE UNITED STATES. HEARING DOGS ALERT HUMAN PARTNERS TO THE SOURCE OF A SOUND; SERVICE DOGS FOR ADULTS AND CHILDREN PERFORM EVERYDAY TASKS LIKE PICKING UP DROPPED ITEMS, OPENING DOORS, AND MORE; SOCIAL DOGS HELP A CHILD ON THE AUTISM SPECTRUM FEEL CALMER AND MORE CONFIDENT; ASSISTANCE DOGS FOR THE CLASSROOM, THERAPY AND MINISTRY DOGS ENGAGE AND INSPIRE A PRACTITIONER'S COMMUNITY. OUR SERVICE DOGS FOR VETERANS PROGRAM IS DESIGNED TO HELP THE GROWING POPULATION OF WOUNDED VETERANS.ONCE A DOG AND CLIENT HAVE BEEN MATCHED, NEADS CLIENTS LIVE ON OUR CAMPUS FOR 1-2 WEEKS LEARNING HOW TO WORK WITH THEIR NEW SERVICE DOG. APPROXIMATELY 40-50 CLIENTS GRADUATE THROUGH OUR PROGRAM EACH YEAR. CLASSES INCLUDE ACTIVE HANDS-ON EXERCISES WITH THE DOG, TRIPS INTO TOWN RESTAURANTS AND MALLS, AND SIT-DOWN CLASSES IN SUBJECTS SUCH AS HEALTH RECORDS, FIRST AID, GROOMING AND PUBLIC ACCESS. MOST CLASSES ARE TAUGHT BY THE INSTRUCTOR WHO HAS OVERSEEN THE DOG'S TRAINING AND WHO MATCHED THE DOG WITH THE CLIENT. EACH CLIENT MUST SUCCESSFULLY COMPLETE THE TRAINING SCHEDULE AND ALSO RECEIVE A PASSING SCORE ON THE ASSISTANCE SERVICE DOGS INTERNATOINAL PUBLIC ACCESS TEST TO GRADUATE AND LEAVE CAMPUS WITH THE SERVICE DOG. CLIENTS ARE SUPPORTED IN A VARIETY OF WAYS BY NEADS FOR THE SERVICE LIFE OF THEIR DOGS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gerry Deroche CEO | Officer | 40 | $175,000 |
Cathy Zemaitis Chief Development And Programs Officer | 40 | $112,253 | |
Graham Chevry Treasurer | OfficerTrustee | 2 | $0 |
Scott Notargiacomo Clerk | OfficerTrustee | 2 | $0 |
A Kim Saal Vice Chair | OfficerTrustee | 2 | $0 |
Geoff Worrell Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $23,814 |
Membership dues | $0 |
Fundraising events | $55,307 |
Related organizations | $0 |
Government grants | $540,908 |
All other contributions, gifts, grants, and similar amounts not included above | $4,317,052 |
Noncash contributions included in lines 1a–1f | $121,484 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,937,081 |
Total Program Service Revenue | $0 |
Investment income | $74,351 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $136,544 |
Net Income from Fundraising Events | -$54,332 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $17,469 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,111,896 |
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. | $175,000 |
Compensation of current officers, directors, key employees. | $35,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,799,919 |
Pension plan accruals and contributions | $7,679 |
Other employee benefits | $136,371 |
Payroll taxes | $177,856 |
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 | $29,015 |
Fees for services: Other | $127,854 |
Advertising and promotion | $182,815 |
Office expenses | $91,661 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $194,396 |
Travel | $18,230 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,077 |
Interest | $15,100 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $234,874 |
Insurance | $52,667 |
All other expenses | $83,380 |
Total functional expenses | $3,748,045 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,118 |
Savings and temporary cash investments | $750,426 |
Pledges and grants receivable | $583,260 |
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 | $7,313 |
Prepaid expenses and deferred charges | $46,431 |
Net Land, buildings, and equipment | $8,862,871 |
Investments—publicly traded securities | $3,832,363 |
Investments—other securities | $63,961 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $14,166,743 |
Accounts payable and accrued expenses | $327,391 |
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 | $369,676 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $697,067 |
Net assets without donor restrictions | $10,111,055 |
Net assets with donor restrictions | $3,358,621 |
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 | $14,166,743 |
Over the last fiscal year, we have identified 1 grants that Neads Inc has recieved totaling $200.
Awarding Organization | Amount |
---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $200 |
Beg. Balance | $1,884,838 |
Earnings | -$325,410 |
Net Contributions | $576,487 |
Other Expense | $73,475 |
Ending Balance | $2,062,440 |
Organization Name | Assets | Revenue |
---|---|---|
North East Educational And Developmental Supports Center Inc Tewksbury, MA | $8,053,747 | $19,496,777 |
Handicapped Childrens Association Of Southern New York Inc Johnson City, NY | $15,724,051 | $20,449,293 |
Southern Tier Independence Center Inc Binghamton, NY | $11,429,557 | $17,107,173 |
Rockland Independent Living Center Inc West Nyack, NY | $7,082,649 | $18,562,000 |
New York Association On Independent Living Albany, NY | $7,790,174 | $16,532,510 |
Coalition For The Homeless Inc New York, NY | $43,159,669 | $27,848,334 |
Lesbian And Gay Community Services Center Inc New York, NY | $32,292,978 | $15,100,688 |
Shared Living Collaborativeincorporated Merrimac, MA | $12,590,369 | $17,348,442 |
Corning Council For Assistance And Information For The Disabled Inc Corning, NY | $6,494,224 | $14,746,246 |
Community Servings Inc Jamaica Plain, MA | $24,387,705 | $15,169,268 |
Expanded Schools Inc New York, NY | $12,127,382 | $12,038,133 |
Plus Co Inc Nashua, NH | $7,971,022 | $14,335,539 |