Friends Of Malden Teen Enrichment Center
- Assets
- $58.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 09/2012
- Data as of
- 06/2023
- EIN
- 46-0542775
Organization Overview
Friends Of Malden Teen Enrichment Center is located in Malden, MA. The organization was established in 2012. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Malden Teen Enrichment Center 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 06/2023, Friends Of Malden Teen Enrichment Center generated $35.2k 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 (6.6%) each year. All expenses for the organization totaled $38.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SOLICITING AND OFFERING FINANCIAL ASSISTANCE TO THE MALDEN TEEN ENRICHMENT CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Steele Director | 4 | $0 | |
Marie Brown President | 8 | $0 | |
Frank Molis Director | 2 | $0 | |
Habiba Idrissi Director | 2 | $0 | |
Barbara Murphy Director | 2 | $0 | |
Maria Luisa Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,144 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $22 |
| Total Revenue | $35,166 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $364 |
| Other expenses | $38,164 |
| Total expenses | $38,528 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,589 |
| Other assets | $0 |
| Total assets | $58,589 |
| Total liabilities | $0 |
| Net assets or fund balances | $58,589 |