Neads Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Gerry Deroche
CEO
$175,000
Cathy Zemaitis
Chief Development And Programs Officer
$112,253
Graham Chevry
Treasurer
$0
Scott Notargiacomo
Clerk
$0
A Kim Saal
Vice Chair
$0
Geoff Worrell
Chair
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Neads Inc has recieved totaling $200.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,884,838
Earnings-$325,410
Net Contributions$576,487
Other Expense$73,475
Ending Balance$2,062,440

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