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← MASSACHUESETTS EDUCATION AND CAREER OPPORTUNTIES INC

Form 990 for tax year 2024

Filed by MASSACHUESETTS EDUCATION AND CAREER OPPORTUNTIES INC.

Totals

Total revenue
$4,622,173
Total expenses
$4,424,591
Contributions and grants received
$4,292,932
Grants paid
$1,653,130
Program service revenue
$0
Investment income
$329,241
Other revenue
$0
Total assets, end of year
$2,452,369
Total liabilities, end of year
$1,375,391
Net assets or fund balances, end of year
$1,076,978
Program services expenses (Part IX)
$4,094,477
Management and general expenses
$330,114
Fundraising expenses
$0
Program service expenses (Part III)
$4,094,477

Program services were 92.5% 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)

    $4,276,514

  • 1f · All other contributions, gifts and grants

    $16,418

  • 3 · Investment income

    total $50,488 · excluded $50,488

  • 7a · Gross sales of assets other than inventory

    securities $1,043,651

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

    securities $764,898

  • 7c · Gain or loss

    securities $278,753

  • 7d · Net gain or loss

    total $278,753 · excluded $278,753

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,653,130 · program services $1,653,130

  • 7 · Other salaries and wages

    total $1,792,650 · program services $1,672,319 · management and general $120,331

  • 9 · Other employee benefits

    total $365,770 · program services $344,402 · management and general $21,368

  • 10 · Payroll taxes

    total $152,865 · program services $142,388 · management and general $10,477

  • 11g · Fees: other

    total $193,815 · program services $78,288 · management and general $115,527

  • 12 · Advertising and promotion

    total $1,492 · program services $150 · management and general $1,342

  • 13 · Office expenses

    total $33,210 · program services $26,129 · management and general $7,081

  • 16 · Occupancy

    total $106,646 · program services $88,895 · management and general $17,751

  • 17 · Travel

    total $24,630 · program services $24,611 · management and general $19

  • 19 · Conferences, conventions and meetings

    total $34,161 · program services $30,122 · management and general $4,039

  • 22 · Depreciation, depletion and amortization

    total $10,734 · management and general $10,734

  • 23 · Insurance

    total $18,317 · program services $9,516 · management and general $8,801

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $21,049 · program services $13,995 · management and general $7,054

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $8,224 · program services $8,224

  • 24c · Other expenses: CONTRACT SERVICES

    total $7,797 · program services $2,308 · management and general $5,489

  • 24d · Other expenses: MISCELLANEOUS

    total $101 · management and general $101

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $331,707 · end of year $883,025

  • 3 · Pledges and grants receivable

    beginning of year $295,865 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,400 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,237 · end of year $15,538

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

    $106,919

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

    $32,719

  • 10c · Land, buildings and equipment, net

    beginning of year $64,541 · end of year $74,200

  • 11 · Investments: publicly traded securities

    beginning of year $775,515 · end of year $1,084,970

  • 12 · Investments: other securities

    beginning of year $203,437 · end of year $0

  • 15 · Other assets

    beginning of year $448,630 · end of year $394,636

  • 17 · Accounts payable and accrued expenses

    beginning of year $612,028 · end of year $523,940

  • 25 · Other liabilities

    beginning of year $448,630 · end of year $851,451

  • 27 · Net assets without donor restrictions

    beginning of year $1,068,678 · end of year $1,076,978

  • 28 · Net assets with donor restrictions

    beginning of year $22,996 · end of year $0

Mission and programs · 2024

Mission

MASSACHUSETTS EDUCATION AND CAREER OPPORTUNITIES, INC. (MASSEDCO, INC.) IS A STATEWIDE NETWORK OF SERVICE SITES THAT PROVIDES EDUCATION AND CAREER ADVISING TO OVER 12,000 LOW-INCOME, FIRST GENERATION INDIVIDUALS EACH YEAR. MASSEDCO PROVIDES ACCESS TO EDUCATIONAL AND CAREER OPPORTUNITIES THAT EMPOWER PEOPLE FROM LOW-INCOME BACKGROUNDS TO ACHIEVE THEIR POTENTIAL. ECONOMICALLY AND EDUCATIONALLY DISADVANTAGED INDIVIDUALS ARE THE FOCUS OF OUR SERVICES, WHICH ARE PROVIDED FREE OF CHARGE. FUNDING FOR MASSEDCO COMES FROM THE FEDERAL AND STATE EDUCATION DEPARTMENTS.

Activities or mission (Part I)

MASSEDCO WORKS TO BRIDGE THE GAP IN POSTSECONDARY EDUCATION ATTAINMENT FOR LOW-INCOME, FIRST GENERATION YOUTH AND ADULTS IN MASSACHUSETTS.

  • GEAR UP - ADVISING SERVICES, EVENTS, WORKSHOPS AND FIELD TRIPS FOR LOW INCOME STUDENTS TO STAY IN SCHOOL AND GO TO HIGHER EDUCATION.

    Expenses $1,898,869 · Grants $1,201,770

  • EDUCATIONAL OPPORTUNITY CENTER - 5,830 LOW-INCOME, FIRST GENERATION ADULTS SERVED THROUGHOUT MASSACHUSETTS, ADVISE ON COLLEGE AND OTHER ADVANCED EDUCATION OPTIONS AND FINANCIAL AID.

    Expenses $1,761,811 · Grants $366,812

  • TALENT SEARCH - 821 LOW-INCOME, FIRST GENERATION STUDENTS ASSISTED IN A HIGH SCHOOL SETTING. SERVICES INCLUDE ADVISING, WORKSHOPS AND VISITS TO COLLEGES.

    Expenses $433,797 · Grants $84,548

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

Listed in Part VII

  • Allen J Falke

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Donald Anderson

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Fontaine

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Forman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ryan Forsythe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clantha McCurdy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Pomeroy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pamela Boisvert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Bilotta

    CEO

    Total calculated
    $184,873
    From this org
    $168,439
    From related orgs
    $0
    Other
    $16,434
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $168,439
    Bonus
    $0
    Other
    $0
    Deferred
    $16,434
    Nontaxable benefits
    $0
    Filer's total
    $184,873

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202620219349300607

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