Duet Inc
- Assets
- $6.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 49
- Location
- Boston, MA
- Founding
- 03/2019
- Data as of
- 06/2021
- EIN
- 32-0568985
Organization Overview
Duet Inc is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Duet Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duet 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 06/2021, Duet Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DUETS MISSION IS TO HELP COLLEGE STUDENTS EARN DEGREES BY PROVIDING SUPPORT AND COACHING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUET PROVIDES ENROLLMENT, DEGREE, AND CAREER COACHING, AND SUPPORT FOR STUDENTS ENROLLED IN CERTAIN COMPETENCY BASED PROGRAMS AT SOUTHERN NEW HAMPSHIRE UNIVERSITY. MOST STUDENTS ARE WORKING ADULTS WHO HAVE TRIED COLLEGE IN THE PAST. IN FISCAL YEAR 2021, DUET WORKED DIRECTLY WITH MORE THAN 600 STUDENTS WHO WERE ENROLLED IN SOUTHERN NEW HAMPSHIRE UNIVERSITY.
DUET PROVIDES ENROLLMENT, DEGREE, AND CAREER COACHING, AND SUPPORT FOR STUDENTS ENROLLED IN CERTAIN COMPETENCY BASED PROGRAMS AT SOUTHERN NEW HAMPSHIRE UNIVERSITY. MOST STUDENTS ARE WORKING ADULTS WHO HAVE TRIED COLLEGE IN THE PAST. IN FISCAL YEAR 2021, DUET WORKED DIRECTLY WITH MORE THAN 600 STUDENTS WHO WERE ENROLLED IN SOUTHERN NEW HAMPSHIRE UNIVERSITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Marino Treasuer & C | Officer | 40 | $143,795 |
Michele Carroll Clerk & COO | Officer | 40 | $142,156 |
Michael Larsson President & | OfficerTrustee | 40 | $131,954 |
Robert Hill Special Proj | Officer | 40 | $111,561 |
Jahfree Duncan Sr Dir Degre | Officer | 40 | $105,989 |
Stig Leschly Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $485,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $801,114 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,287,046 |
| Total Program Service Revenue | $1,284,308 |
| Investment income | $8,086 |
| 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 | $2,616,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $237,637 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $677,778 |
| Compensation of current officers, directors, key employees. | $190,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,716,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $249,102 |
| Payroll taxes | $176,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,190 |
| Fees for services: Accounting | $18,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,621 |
| Advertising and promotion | $0 |
| Office expenses | $62,172 |
| Information technology | $230,079 |
| Royalties | $0 |
| Occupancy | $433,717 |
| 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 | $54,259 |
| Insurance | $12,851 |
| All other expenses | $0 |
| Total functional expenses | $4,012,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,734 |
| Savings and temporary cash investments | $4,959,433 |
| Pledges and grants receivable | $850,672 |
| Accounts receivable, net | $381,512 |
| 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 | $155,468 |
| Net Land, buildings, and equipment | $141,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,806,173 |
| Accounts payable and accrued expenses | $300,557 |
| 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 | $0 |
| Total liabilities | $300,557 |
| Net assets without donor restrictions | $5,654,944 |
| Net assets with donor restrictions | $850,672 |
| 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 | $6,806,173 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Duet Inc has recieved totaling $912,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Non-Profit Management Foundation Boston, MA PURPOSE: TECHNOLOGY | $800,000 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For operating support and scholarship | $62,500 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Programs Of Westchester Jewish Community Services White Plains, NY | $12,138,978 | $16,937,661 |
Sunnyside Community Services Inc Long Island City, NY | $7,213,077 | $15,496,475 |
The B E L L Foundation Inc Westwood, MA | $26,190,550 | $19,692,109 |
Marshall Project Inc New York, NY | $18,747,646 | $15,174,508 |
Nassau-Suffolk Law Services Committee Inc Hempstead, NY | $5,326,603 | $11,194,760 |
Mercy Flight Central Inc Canandaigua, NY | $14,339,659 | $14,213,717 |
Here To Here Foundation Inc Bronx, NY | $10,262,789 | $1,365,332 |
Arab-American Family Support Center Inc Brooklyn, NY | $5,221,623 | $9,617,886 |
Asian Americans For Equality Inc New York, NY | $26,601,430 | $8,393,675 |
Greater Hartford Ridesharing Corporation Bloomfield, CT | $7,224,593 | $6,566,228 |
Creating Resources For Empowerment And Action Inc New York, NY | $14,539,110 | $8,895,948 |
Avodah The Jewish Service Corps Inc New York, NY | $2,569,454 | $4,032,872 |