Nous Foundation Inc
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Waban, MA
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1871373
Organization Overview
Nous Foundation Inc is located in Waban, MA. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Nous Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nous Foundation 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 12/2021, Nous Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 11.2% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AWARENESS OF END OF LIFE ISSUES AND TREATMENT OPTIONS FOR PATIENTS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angelo Volandes President/director | 40 | $206,333 | |
Aretha Delight Davis Executive Director/clerk | 40 | $130,000 | |
Elmer Abbo Treasurer/director | 2 | $0 | |
Lenny Lopez Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $926,664 |
| Interest on Savings | $130 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $660,944 |
| Total Revenue | $1,587,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $340,061 |
| Other employee salaries and wages | $127,196 |
| Pension plans, employee benefits | $48,073 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,822 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $41,040 |
| Printing and publications | $0 |
| Other expenses | $527,480 |
| Total operating and administrative expenses | $1,320,260 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,320,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,596 |
| Savings and temporary cash investments | $1 |
| Net Accounts receivable | $133,347 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,053 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,855 |
| Other assets | $568,891 |
| Total assets | $1,526,743 |
| Accounts payable and accrued expenses | $84,365 |
| Grants payable | $0 |
| Deferred revenue | $106,209 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $190,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nous Foundation Inc has recieved totaling $153,775.
| Awarding Organization | Amount |
|---|---|
Boston Medical Center Corporation Boston, MA PURPOSE: SUBAWARD | $153,775 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |