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Nonprofiteer
← BECKET ACADEMY INC

Form 990 for tax year 2024

Filed by BECKET ACADEMY INC.

Totals

Total revenue
$58,041,034
Total expenses
$52,685,309
Contributions and grants received
$264,016
Grants paid
$0
Program service revenue
$55,522,153
Investment income
$1,522,190
Other revenue
$732,675
Total assets, end of year
$24,015,032
Total liabilities, end of year
$10,476,312
Net assets or fund balances, end of year
$13,538,720
Program services expenses (Part IX)
$51,652,199
Management and general expenses
$1,033,110
Fundraising expenses
$0
Program service expenses (Part III)
$51,652,199

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $261,516

  • 1f · All other contributions, gifts and grants

    $2,500

  • 2a · Program service revenue: Tuition, Room & Board, etc

    total $55,499,197 · related or exempt $55,499,197

  • 2b · Program service revenue: Miscellaneous Revenue

    total $22,956 · related or exempt $22,956

  • 3 · Investment income

    total $86,492 · excluded $86,492

  • 6a · Gross rents

    real property $732,675

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $732,675

  • 6d · Net rental income or loss

    total $732,675 · excluded $732,675

  • 7a · Gross sales of assets other than inventory

    securities $175,632 · other assets $1,923,682

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $663,616

  • 7c · Gain or loss

    securities $175,632 · other assets $1,260,066

  • 7d · Net gain or loss

    total $1,435,698 · excluded $1,435,698

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,024,866 · program services $1,001,285 · management and general $23,581

  • 7 · Other salaries and wages

    total $18,727,992 · program services $18,303,289 · management and general $424,703

  • 8 · Pension plan contributions

    total $120,710 · program services $117,935 · management and general $2,775

  • 9 · Other employee benefits

    total $2,788,962 · program services $2,718,576 · management and general $70,386

  • 10 · Payroll taxes

    total $1,658,013 · program services $1,620,109 · management and general $37,904

  • 11a · Fees: management

    total $3,378,123 · program services $3,378,123

  • 11b · Fees: legal

    total $126,149 · management and general $126,149

  • 11g · Fees: other

    total $18,119,995 · program services $17,788,010 · management and general $331,985

  • 12 · Advertising and promotion

    total $18,925 · program services $18,925

  • 13 · Office expenses

    total $603,205 · program services $602,016 · management and general $1,189

  • 14 · Information technology

    total $403,139 · program services $403,139

  • 16 · Occupancy

    total $1,439,661 · program services $1,431,957 · management and general $7,704

  • 17 · Travel

    total $833,862 · program services $831,742 · management and general $2,120

  • 19 · Conferences, conventions and meetings

    total $143,093 · program services $143,093

  • 20 · Interest

    total $464,405 · program services $463,658 · management and general $747

  • 22 · Depreciation, depletion and amortization

    total $708,456 · program services $708,456

  • 23 · Insurance

    total $407,914 · program services $404,728 · management and general $3,186

  • 24a · Other expenses: Day Program Expenses

    total $1,082,651 · program services $1,082,651

  • 24b · Other expenses: Service Provider Tax

    total $338,175 · program services $338,175

  • 24c · Other expenses: Miscellaneous

    total $297,013 · program services $296,332 · management and general $681

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,174,554 · end of year $1,899,716

  • 4 · Accounts receivable

    beginning of year $8,429,880 · end of year $5,431,766

  • 9 · Prepaid expenses and deferred charges

    beginning of year $212,459 · end of year $133,082

  • 10a · Land, buildings and equipment: cost or other basis

    $14,976,103

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,756,194

  • 10c · Land, buildings and equipment, net

    beginning of year $14,749,082 · end of year $11,219,909

  • 14 · Intangible assets

    beginning of year $7,145,549 · end of year $1,582,403

  • 15 · Other assets

    beginning of year $4,782,774 · end of year $3,748,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,511,392 · end of year $3,122,815

  • 23 · Secured mortgages and notes payable

    beginning of year $11,363,420 · end of year $4,718,370

  • 25 · Other liabilities

    beginning of year $8,765,241 · end of year $2,635,127

  • 27 · Net assets without donor restrictions

    beginning of year $19,854,245 · end of year $13,538,720

Mission and programs · 2024

Mission

Operation of youth and adult foster care in several states including Maine, New Hampshire, Massachusetts, Rhode Island, South Carolina, and Florida. Operation of community-based group homes for intellectual and developmental disabilities (IDD) and mental health (MH) populations in Massachusetts.

Activities or mission (Part I)

Becket services individuals in need of comprehensive services to support special needs arising from mental health, developmental, behavioral, and emotional challenges.

  • Tuition, room, board and related expenses of operating residential treatment facilities, as well as group and shared homes for developmentally disabled adults, plus related ancillary programs.

    Expenses $51,652,199 · Revenue $55,522,153

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cameron Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Chobanian

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Dowd

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David Eve

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Olivia Peros

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Reagan

    Trustee

    Total calculated
    $60,008
    From this org
    $0
    From related orgs
    $60,008
    Other
    $0
    Hours/week
    1 + 5 related

  • Andrew Roswell

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joan Wolter

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jay Wolter

    President

    Total calculated
    $606,071
    From this org
    $289,817
    From related orgs
    $242,045
    Other
    $74,209
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $289,817 + $242,045 related
    Bonus
    $0
    Other
    $0
    Deferred
    $30,345 + $9,739 related
    Nontaxable benefits
    $16,547 + $17,578 related
    Filer's total
    $336,709 + $269,362 related

  • David Chabot

    Chief Legal & Emp. Aff. Officer

    Total calculated
    $296,148
    From this org
    $138,295
    From related orgs
    $114,501
    Other
    $43,352
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $138,295 + $114,501 related
    Bonus
    $0
    Other
    $0
    Deferred
    $27,641 + $4,646 related
    Nontaxable benefits
    $5,371 + $5,694 related
    Filer's total
    $171,307 + $124,841 related

  • Mark Tecca

    VP of Finance

    Total calculated
    $270,393
    From this org
    $127,732
    From related orgs
    $98,188
    Other
    $44,473
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $127,732 + $98,188 related
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $10,451 + $11,022 related
    Filer's total
    $161,183 + $109,210 related

  • Jennifer Cordaro

    Executive Director

    Total calculated
    $355,667
    From this org
    $322,984
    From related orgs
    $0
    Other
    $32,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,984
    Bonus
    $0
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $9,683
    Filer's total
    $355,667

  • Daniel Elliot

    Controller

    Total calculated
    $228,505
    From this org
    $101,897
    From related orgs
    $98,243
    Other
    $28,365
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $101,897 + $98,243 related
    Bonus
    $0
    Other
    $0
    Deferred
    $15,100 + $3,896 related
    Nontaxable benefits
    $4,802 + $4,567 related
    Filer's total
    $121,799 + $106,706 related

  • Tammy Olsen

    Dir of Business System Admin.

    Total calculated
    $242,304
    From this org
    $110,520
    From related orgs
    $93,062
    Other
    $38,722
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $110,520 + $93,062 related
    Bonus
    $0
    Other
    $0
    Deferred
    $15,092 + $3,800 related
    Nontaxable benefits
    $9,730 + $10,100 related
    Filer's total
    $135,342 + $106,962 related

  • Jeri-Lynn McFarlin

    Associate Executive Director

    Total calculated
    $179,061
    From this org
    $162,477
    From related orgs
    $0
    Other
    $16,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,477
    Bonus
    $0
    Other
    $0
    Deferred
    $6,574
    Nontaxable benefits
    $10,010
    Filer's total
    $179,061

  • Meredith Fogg

    Nurse Trainer

    Total calculated
    $157,418
    From this org
    $119,573
    From related orgs
    $31,846
    Other
    $5,999
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $119,573 + $31,846 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,781 + $1,218 related
    Nontaxable benefits
    $0
    Filer's total
    $124,354 + $33,064 related

  • Justin Gifford

    Vice President - ME Residential

    Total calculated
    $266,882
    From this org
    $124,944
    From related orgs
    $116,220
    Other
    $25,718
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $124,944 + $116,220 related
    Bonus
    $0
    Other
    $0
    Deferred
    $16,036 + $4,683 related
    Nontaxable benefits
    $4,999
    Filer's total
    $145,979 + $120,903 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Moosilauke Visions Inc

    501(c)(3) · Residential treatment for adolescents struggling with anxiety disorders · NH

  • Becket Maine Inc

    501(c)(3) · Residential Support and Treatment Programs for Young Adults · ME

    Directly controlled by Moosilauke Visions Inc

  • New Treks Inc

    501(c)(3) · Adventure Education Services · CO

    Directly controlled by Moosilauke Visions Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Dade Family Counseling Community Mental Health Center Inc

    C · Mental Health Clinic · FL · 100% owned · share of income $3,495,596 · share of assets $2,395,641 · controlled entity

    Directly controlled by Becket Academy

  • Summit Achievement of Stow Inc

    S · Youth Counseling Services · ME

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202621319349303932

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