The Charles Sposato Graduate School Of Education Inc
- Assets
- $1.4m
- Revenue
- $562.1k
- Investments
- $0.0
- Employees
- 54
- Location
- Boston, MA
- Founding
- 04/2014
- Data as of
- 06/2022
- EIN
- 30-0639724
Organization Overview
The Charles Sposato Graduate School Of Education Inc is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Charles Sposato Graduate School Of Education Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Sposato Graduate School Of Education 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, Charles Sposato Graduate School Of Education Inc generated $562.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. 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
TO PROVIDE EDUCATION AND TRAINING FOR TEACHERS PLANNING TO WORK IN HIGH POVERTY SCHOOLS AND TO GRANT MASTERS OF EFFECTIVE TEACHING DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO THE ORGANIZATION'S FOCUSED MISSION, THERE IS ONLY ONE PROGRAM. AT THE BEGINNING OF THE YEAR, 67 INDIVIDUALS WERE ENROLLED IN THE ORGANIZATION'S TEACHER TRAINING PROGRAM, INCLUDING 28 INDIVIDUALS WHO STARTED THEIR FIRST YEAR WITH THE PROGRAM. ULTIMATELY, 7 OF THE FIRST YEAR STUDENTS COMPLETED THE NECESSARY YEAR LONG COURSEWORK AND WERE HIRED AS FIRST YEAR TEACHERS IN URBAN SCHOOLS ACROSS THE UNITED STATES. THOSE WHO COMPLETE THE PROGRAM'S SECOND YEAR REQUIREMENTS DURING THE 2022-23 SCHOOL YEAR EARN THE MASTERS IN EFFECTIVE TEACHING DEGREE. DUE TO LOW ENROLLMENT, THE ORGANIZATION'S BOARD HAS DECIDED TO WIND DOWN THE GRADUATE DEGREE PROGRAM IN 2022-23. FOR THIS REASON, THERE WILL BE NO FIRST YEAR STUDENTS IN 2022-23.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Sagan Treasurer And Director | OfficerTrustee | 1 | $0 |
Spencer Blasdale Chairman, Clerk, Director | OfficerTrustee | 1 | $0 |
Sara Staats Director | Trustee | 1 | $0 |
Taylor Deloach Director | Trustee | 1 | $0 |
Paul Reville Director (until 12/2021) | Trustee | 1 | $0 |
Nnenna Ude President And CEO | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $503 |
| 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 | $562,143 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,956 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,550 |
| Payroll taxes | $33,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,263 |
| Fees for services: Accounting | $38,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,703 |
| Advertising and promotion | $0 |
| Office expenses | $10,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,955 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,613 |
| All other expenses | $0 |
| Total functional expenses | $1,246,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,000 |
| Savings and temporary cash investments | $331,881 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $930,448 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,423,329 |
| Accounts payable and accrued expenses | $35,073 |
| 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 | $857 |
| Total liabilities | $35,930 |
| Net assets without donor restrictions | $1,386,032 |
| Net assets with donor restrictions | $1,367 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,387,399 |