Assistments Foundation Inc
- Assets
- $1.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 32
- Location
- Auburn, MA
- Founding
- 12/2019
- Data as of
- 06/2022
- EIN
- 83-4228740
Organization Overview
Assistments Foundation Inc is located in Auburn, MA. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Assistments Foundation Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assistments 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 06/2022, Assistments Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. 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 IMPROVE EDUCATION THROUGH SCIENTIFIC RESEARCH WHILE NOT COMPROMISING STUDENT LEARNING TIME WHILE EMPOWERING TEACHERS WITH THE TOOLS, DATA AND TRAINING NECESSARY TO MEET THE NEEDS OF ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING A PRODUCT AND PROGRAMMING TO SUPPORT TEACHERS IN ASSIGNING INDEPENDENT PRACTICE ONLINE. THE PROGRAM ALLOWS TEACHERS TO FIND UPLOADED PROBLEMS TO ASSIGN TO THEIR STUDENTS, SELECT THOSE ITEMS AND THEN DELIVER TO THE STUDENTS ONLINE. THE STUDENTS ARE ABLE TO RECEIVE IMMEDIATE FEEDBACK AND GET MULTIPLE ATTEMPTS TO GET THE PROBLEM RIGHT. THE TEACHER RECEIVES A REPORT THAT THEY USE TO ADJUST THEIR INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Heffernan President | OfficerTrustee | 13 | $0 |
Adam Kalai Director | OfficerTrustee | 1 | $0 |
Brian Murphy Director | OfficerTrustee | 2 | $0 |
Bogdan M Vernescu Director | Trustee | 2 | $0 |
Kevin Qazilbash Treasurer | Trustee | 2 | $0 |
Geraldine Zang Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sutro Li Accounting And Bookkeeping | 6/29/20 | $26,600 |
The Wagner Law Group Legal Services | 6/29/20 | $8,628 |
Hemenway & Barnes Llp Legal Services | 6/29/20 | $9,098 |
Promise 54 Diversity, Equity & Inclusion Practices | 6/29/20 | $4,335 |
Sarah Ca Schulman Sphrshrm-scp Human Resources Consultant | 6/29/20 | $1,958 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,066,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,369 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,168,927 |
| Total Program Service Revenue | $82,484 |
| Investment income | $62 |
| 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 | $2,251,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,688 |
| 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. | $163,800 |
| Compensation of current officers, directors, key employees. | $16,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,690,384 |
| Pension plan accruals and contributions | $62,391 |
| Other employee benefits | $116,113 |
| Payroll taxes | $148,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $40,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,640 |
| Advertising and promotion | $0 |
| Office expenses | $224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,090 |
| Insurance | $2,427 |
| All other expenses | $1,499 |
| Total functional expenses | $2,820,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $485,102 |
| 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 | $35,271 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $258 |
| Other assets | $0 |
| Total assets | $1,118,633 |
| Accounts payable and accrued expenses | $198,694 |
| Grants payable | $0 |
| Deferred revenue | $683,318 |
| 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 | $882,012 |
| Net assets without donor restrictions | $236,621 |
| Net assets with donor restrictions | $0 |
| 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 | $1,118,633 |
Grants Awarded
Over the last fiscal year, Assistments Foundation Inc has awarded $147,688 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEACHING LAB PURPOSE: WITH THIS GRANT, THE ASSISTMENTS FOUNDATION WILL PARTNER WITH TEACHING LAB TO DEVELOP A SCALABLE VIRTUAL PROFESSIONAL LEARNING MODEL THAT SUPPORTS THE EFFECTIVE IMPLEMENTATION OF HIGH-QUALITY OER FOR MIDDLE SCHOOL MATHEMATICS. | $115,000 |
WESTED PURPOSE: TO CONDUCT FORMATIVE RESEARCH THAT WILL DRAW ON INSTRUCTOR FEEDBACK FROM INTERVIEWS AND/OR SURVEYS TO INFORM THE CONTINUOUS IMPROVEMENT OF THE INTERVENTION. | $32,688 |