Grow Associates Inc
- Assets
- $11.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 44
- Location
- Randolph, MA
- Founding
- 06/1975
- Data as of
- 06/2022
- EIN
- 23-7378144
Organization Overview
Grow Associates Inc is located in Randolph, MA. The organization was established in 1975. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Grow Associates Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow Associates 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, Grow Associates Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. 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
ILLUMINATING PATHWAYS TO INDEPENDENCE FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOCUSES ON SEEKING EMPLOYMENT OPPORTUNITIES TO HELP INDIVIDUALS ACHIEVE PERSONAL CAREER GOALS. FOR EACH INDIVIDUAL THAT WANTS TO WORK IN THE COMMUNITY, THE TEAM DEVELOPS AN INVENTORY OF THE INTERESTS, SKILLS, AND EXPERIENCE RELEVANT TO HIS OR HER JOB SEARCH, EMPLOYABILITY, JOB BATCH, RETENTION, AND LONG-RANGE CAREER DEVELOPMENT. ALL INDIVIDUALS PLACED IN COMMUNITY EMPLOYMENT RECEIVE JOB COACHING.
CENTERED ON PERSONAL INTERESTS, THE CBDS PROGRAM HAS STRUCTURED GROUP ACTIVITIES THAT ENHANCE THE SKILLS NEEDED TO CONNECT PEOPLE WITH THE COMMUNITY AND INCREASE THEIR INDEPEDENCE. THE INDIVIDUALS GAIN KNOWLEDGE THAT ALLOWS THEM TO MAKE INFORMED DECISIONS THAT GUIDES THEM ON THE PATH THEY DESIRE. SERVICES INCLUDE COMMUNITY OPPORTUNITIES, VOLUNTEERING, AND SKILL BUILDING ACTIVITIES, MONEY MANAGEMENT, HEALTHY LIVING AND EXERCISE, MEAL PREPARATION, AND MUSIC THERAPY.
THE ORGANIZATION PROVIDES MEDICALLY-BASED SERVICES THAT ARE DESIGNED TO INCREASE INDEPENDENT LIVING SKILLS, IMPROVE HEALTH, AND ESTABLISH NEW AND MEANINGFUL FRIENDSHIPS THROUGH SITE-BASED COMMUNITY THERAPIES AND LEARNING ACTIVITIES. SERVICES INCLUDE ON-SITE NURSING, THERAPEUDIC CONSULTATION, TRAINING AND ASSISTANCE WITH ACTIVITIES, AND FINE AND GROSS MOTOR SKILL DEVELOPMENT.
PART III, LINE 4D:EXPENSES: $615,050 INCLUDING GRANTS OF: $0 REVENUE: $777,643.DESCRIPTION: THE ORGANIZATION PROVIDES DAILY TRANSPORTATION SERVICES FOR INDIVIDUALS TO THE ORGANIZATION'S FACILITIES. THE ORGANIZATION WILL PICK UP AND DROP OFF INDIVIDUALS TO THEIR PERSONAL RESIDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Wasserman Executive Director | Officer | 40 | $201,759 |
Felipe Quinones Director Of Service Operations | Officer | 40 | $127,366 |
Margherita Cycan Director Of Finance And Bu | Officer | 40 | $119,761 |
Patricia Davis President | OfficerTrustee | 2 | $0 |
Margaret Scholl Vice President | OfficerTrustee | 2 | $0 |
Patricia Spearin Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| 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 | $13,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,045 |
| Total Program Service Revenue | $4,055,138 |
| Investment income | $5,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,331 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,793 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,151,942 |
| 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. | $342,243 |
| Compensation of current officers, directors, key employees. | $49,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,834,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $199,792 |
| Payroll taxes | $164,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,582 |
| Fees for services: Accounting | $24,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,584 |
| Advertising and promotion | $18,119 |
| Office expenses | $37,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $366,950 |
| Travel | $95,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,809 |
| Insurance | $140,793 |
| All other expenses | $45,519 |
| Total functional expenses | $4,448,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $960,909 |
| Savings and temporary cash investments | $2,500,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,438 |
| 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 | $51,428 |
| Net Land, buildings, and equipment | $8,027,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,334 |
| Total assets | $11,859,296 |
| Accounts payable and accrued expenses | $226,963 |
| 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 | $6,360,209 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,333 |
| Total liabilities | $6,590,505 |
| Net assets without donor restrictions | $5,268,791 |
| 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 | $11,859,296 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grow Associates Inc has recieved totaling $3,267.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $2,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: UNRESTRICTED OPERATING FUNDS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $267 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Technologies Corporation Utica, NY | $23,670,798 | $21,526,273 |
J M Murray Center Inc Cortland, NY | $15,884,955 | $15,927,210 |
People Inc Williamsville, NY | $7,369,962 | $11,056,256 |
Oswego Industries Inc Fulton, NY | $4,770,694 | $6,301,381 |
Ari Of Connecticut Inc Stamford, CT | $4,205,582 | $6,510,135 |
Spectrum Designs Foundation Ltd Port Washington, NY | $6,618,337 | $6,742,089 |
Career Resources Corp Haverhill, MA | $5,214,556 | $4,441,161 |
Workshop Inc Menands, NY | $3,888,249 | $4,869,507 |
Grow Associates Inc Randolph, MA | $11,859,296 | $4,151,942 |
Association For Vision Rehabilitation And Employment Inc Binghamton, NY | $14,211,019 | $4,402,456 |
Triform Enterprises Limited Hudson, NY | $12,472,291 | $3,458,658 |
Community Workshops Inc Boston, MA | $2,078,284 | $3,757,355 |