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Nonprofiteer
← BECKET ACADEMY INC

Form 990 for tax year 2023

Filed by BECKET ACADEMY INC.

Totals

Total revenue
$68,269,681
Total expenses
$62,013,719
Contributions and grants received
$1,251,726
Grants paid
$0
Program service revenue
$65,936,255
Investment income
$402,197
Other revenue
$679,503
Total assets, end of year
$43,494,298
Total liabilities, end of year
$23,640,053
Net assets or fund balances, end of year
$19,854,245
Program services expenses (Part IX)
$57,120,874
Management and general expenses
$4,892,845
Fundraising expenses
$0
Program service expenses (Part III)
$57,120,874

Program services were 92.1% 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)

    $1,249,934

  • 1f · All other contributions, gifts and grants

    $1,792

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

    total $64,197,246 · related or exempt $64,197,246

  • 2b · Program service revenue: Management Fees

    total $1,709,258 · related or exempt $1,709,258

  • 2c · Program service revenue: Miscellaneous Revenue

    total $29,751 · related or exempt $29,751

  • 3 · Investment income

    total $240,098 · excluded $240,098

  • 6a · Gross rents

    real property $679,503

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $679,503

  • 6d · Net rental income or loss

    total $679,503 · excluded $679,503

  • 7a · Gross sales of assets other than inventory

    securities $132,458 · other assets $29,641

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $132,458 · other assets $29,641

  • 7d · Net gain or loss

    total $162,099 · excluded $162,099

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,852,098 · program services $1,656,486 · management and general $195,612

  • 7 · Other salaries and wages

    total $28,243,450 · program services $25,299,401 · management and general $2,944,049

  • 8 · Pension plan contributions

    total $450,270 · program services $402,560 · management and general $47,710

  • 9 · Other employee benefits

    total $3,882,894 · program services $3,434,033 · management and general $448,861

  • 10 · Payroll taxes

    total $2,419,155 · program services $2,152,019 · management and general $267,136

  • 11b · Fees: legal

    total $137,603 · management and general $137,603

  • 11c · Fees: accounting

    total $325,500 · management and general $325,500

  • 11g · Fees: other

    total $14,883,191 · program services $14,856,359 · management and general $26,832

  • 12 · Advertising and promotion

    total $14,538 · program services $12,495 · management and general $2,043

  • 13 · Office expenses

    total $1,765,431 · program services $1,593,244 · management and general $172,187

  • 16 · Occupancy

    total $2,388,646 · program services $2,194,235 · management and general $194,411

  • 17 · Travel

    total $1,047,564 · program services $1,014,545 · management and general $33,019

  • 19 · Conferences, conventions and meetings

    total $254,661 · program services $254,661

  • 20 · Interest

    total $709,911 · program services $682,641 · management and general $27,270

  • 22 · Depreciation, depletion and amortization

    total $943,194 · program services $885,702 · management and general $57,492

  • 23 · Insurance

    total $561,420 · program services $549,234 · management and general $12,186

  • 24a · Other expenses: Miscellaneous

    total $1,261,209 · program services $1,260,275 · management and general $934

  • 24b · Other expenses: Service Provider Tax

    total $872,984 · program services $872,984

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $10,056,477 · end of year $8,174,554

  • 3 · Pledges and grants receivable

    beginning of year $8,280,807 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,141,576 · end of year $8,429,880

  • 7 · Other notes and loans receivable

    beginning of year $583,013 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $226,654 · end of year $212,459

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

    $19,760,973

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

    $5,011,891

  • 10c · Land, buildings and equipment, net

    beginning of year $18,894,179 · end of year $14,749,082

  • 14 · Intangible assets

    beginning of year $12,833,173 · end of year $7,145,549

  • 15 · Other assets

    beginning of year $7,501,360 · end of year $4,782,774

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,437,029 · end of year $3,511,392

  • 19 · Deferred revenue

    beginning of year $45,833 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,041,596 · end of year $11,363,420

  • 25 · Other liabilities

    beginning of year $16,302,276 · end of year $8,765,241

  • 27 · Net assets without donor restrictions

    beginning of year $34,690,505 · end of year $19,854,245

Mission and programs · 2023

Mission

Operation of school and residential treatment facilities for at risk children and youth, and group shared living homes for developmentally disabled adults and other adults with mental health impairments.

Activities or mission (Part I)

Becket serves 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 a school, residential treatment facilities, as well as group and shared homes for developmentally disabled adults, plus related ancillary programs.

    Expenses $57,120,874 · Revenue $65,936,255

As filed on the 2023 return.

Listed in Part VII

  • Cameron Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Chobanian

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Dowd

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Eve

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Olivia Peros

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Reagan

    Trustee

    Total calculated
    $60,008
    From this org
    $0
    From related orgs
    $60,008
    Other
    $0
    Hours/week
    1 + 4 related

  • Joan Wolter

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Justin Gifford

    Executive Director

    Total calculated
    $270,906
    From this org
    $251,559
    From related orgs
    $0
    Other
    $19,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,559
    Bonus
    $0
    Other
    $0
    Deferred
    $9,684
    Nontaxable benefits
    $9,663
    Filer's total
    $270,906

  • David Chabot

    Sec./Chief Legal & Emp. Affairs Off.

    Total calculated
    $309,927
    From this org
    $285,779
    From related orgs
    $0
    Other
    $24,148
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $285,779
    Bonus
    $0
    Other
    $0
    Deferred
    $10,632
    Nontaxable benefits
    $13,516
    Filer's total
    $309,927

  • Jennifer Cordaro

    Executive Director

    Total calculated
    $310,868
    From this org
    $301,704
    From related orgs
    $0
    Other
    $9,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,704
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,164
    Filer's total
    $310,868

  • Lisa D'Innocenzo

    Executive Director

    Total calculated
    $144,121
    From this org
    $128,829
    From related orgs
    $0
    Other
    $15,292
    Hours/week
    40

  • Mark Tecca

    Treasurer/Chief Reporting Officer

    Total calculated
    $227,241
    From this org
    $206,109
    From related orgs
    $0
    Other
    $21,132
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $206,109
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,132
    Filer's total
    $227,241

  • Jay Wolter

    President

    Total calculated
    $639,034
    From this org
    $545,975
    From related orgs
    $50,000
    Other
    $43,059
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $545,975 + $50,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,364
    Nontaxable benefits
    $30,695
    Filer's total
    $589,034 + $50,000 related

  • William Laughlin

    CEO - MVTC

    Total calculated
    $187,199
    From this org
    $179,729
    From related orgs
    $0
    Other
    $7,470
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $179,729
    Bonus
    $0
    Other
    $0
    Deferred
    $7,200
    Nontaxable benefits
    $270
    Filer's total
    $187,199

  • Kenneth Guthrie

    Chief Human Resource Officer

    Total calculated
    $221,210
    From this org
    $203,704
    From related orgs
    $0
    Other
    $17,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,704
    Bonus
    $0
    Other
    $0
    Deferred
    $8,216
    Nontaxable benefits
    $9,290
    Filer's total
    $221,210

  • Tammy Olsen

    Director of Business System Admin.

    Total calculated
    $192,209
    From this org
    $165,921
    From related orgs
    $0
    Other
    $26,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,921
    Bonus
    $0
    Other
    $0
    Deferred
    $6,805
    Nontaxable benefits
    $19,483
    Filer's total
    $192,209

  • Laura Eve-Cowles

    Dir. of Procurement & Safety Mgmt.

    Total calculated
    $137,835
    From this org
    $132,766
    From related orgs
    $0
    Other
    $5,069
    Hours/week
    40

  • Daniel Elliott

    Controller

    Total calculated
    $195,214
    From this org
    $178,845
    From related orgs
    $0
    Other
    $16,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,845
    Bonus
    $0
    Other
    $0
    Deferred
    $7,144
    Nontaxable benefits
    $9,225
    Filer's total
    $195,214

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 · controlled entity

    Directly controlled by Becket Academy

  • New Treks Inc

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

    Directly controlled by Moosilauke Visions Inc

  • Becket Maine Inc

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

    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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Next Steps Community Services LLC

    Group home management · NH · income $12,864,667 · assets $9,748,577

    Directly controlled by Becket Academy

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 $4,178,849 · share of assets $2,933,334 · 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
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202521229349301117

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