Institute For Career Transitions Inc
- Assets
- $23.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Methuen, MA
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-3400153
Organization Overview
Institute For Career Transitions Inc is located in Methuen, MA. The organization was established in 2018. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Career Transitions 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 12/2022, Institute For Career Transitions Inc generated $6.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $9.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Burkholder President | 20 | $0 | |
Raymond Weatherby Vice President, Secretary | 3 | $0 | |
Beau Hill Treasurer | 2 | $0 | |
Ofer Sharone Director | 0.25 | $0 | |
Elizabeth White Director | 2 | $0 | |
Tom Mcdonough Director | 15 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $2,267 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $6,267 |
| 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 | $4,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2 |
| Other expenses | $5,363 |
| Total expenses | $9,365 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,046 |
| Other assets | $0 |
| Total assets | $23,046 |
| Total liabilities | $5,000 |
| Net assets or fund balances | $18,046 |