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Nonprofiteer
← METRO NORTH REGIONAL EMPLOYMENT BOARD

Form 990 for tax year 2024

Filed by METRO NORTH REGIONAL EMPLOYMENT BOARD.

Totals

Total revenue
$15,019,478
Total expenses
$15,506,614
Contributions and grants received
$14,935,249
Grants paid
$11,612,675
Program service revenue
$0
Investment income
$84,229
Other revenue
$0
Total assets, end of year
$5,988,033
Total liabilities, end of year
$4,541,864
Net assets or fund balances, end of year
$1,446,169
Program services expenses (Part IX)
$14,803,992
Management and general expenses
$702,622
Fundraising expenses
$0
Program service expenses (Part III)
$14,803,992

Program services were 95.5% 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)

    $9,916,440

  • 1f · All other contributions, gifts and grants

    $5,018,809

  • 3 · Investment income

    total $49,522 · excluded $49,522

  • 7a · Gross sales of assets other than inventory

    securities $271,265

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

    securities $236,558

  • 7c · Gain or loss

    securities $34,707

  • 7d · Net gain or loss

    total $34,707 · excluded $34,707

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,612,675 · program services $11,612,675

  • 5 · Compensation of officers, directors and key employees

    total $321,138 · program services $273,212 · management and general $47,926

  • 7 · Other salaries and wages

    total $1,974,940 · program services $1,817,230 · management and general $157,710

  • 9 · Other employee benefits

    total $449,117 · program services $303,907 · management and general $145,210

  • 10 · Payroll taxes

    total $191,866 · program services $179,748 · management and general $12,118

  • 11b · Fees: legal

    total $46,054 · program services $10,474 · management and general $35,580

  • 11f · Fees: investment management

    total $3,922 · management and general $3,922

  • 11g · Fees: other

    total $34,843 · management and general $34,843

  • 12 · Advertising and promotion

    total $1,630 · management and general $1,630

  • 13 · Office expenses

    total $302 · management and general $302

  • 14 · Information technology

    total $103,782 · management and general $103,782

  • 16 · Occupancy

    total $109,097 · program services $34,990 · management and general $74,107

  • 17 · Travel

    total $7,189 · management and general $7,189

  • 19 · Conferences, conventions and meetings

    total $28,475 · management and general $28,475

  • 22 · Depreciation, depletion and amortization

    total $3,333 · management and general $3,333

  • 23 · Insurance

    total $9,245 · management and general $9,245

  • 24a · Other expenses: ITA expense

    total $566,959 · program services $566,959

  • 24b · Other expenses: Training

    total $11,382 · management and general $11,382

  • 24c · Other expenses: Telephone

    total $9,298 · management and general $9,298

  • 24d · Other expenses: Membership fees

    total $7,734 · program services $4,637 · management and general $3,097

  • 24e · All other expenses

    total $13,633 · program services $160 · management and general $13,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $824,633 · end of year $460,716

  • 2 · Savings and temporary cash investments

    beginning of year $1,078,506 · end of year $775,901

  • 3 · Pledges and grants receivable

    beginning of year $5,233,565 · end of year $4,297,556

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,280 · end of year $35,693

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

    $63,588

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

    $63,255

  • 10c · Land, buildings and equipment, net

    beginning of year $3,666 · end of year $333

  • 11 · Investments: publicly traded securities

    beginning of year $566,225 · end of year $378,222

  • 15 · Other assets

    beginning of year $98,949 · end of year $39,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,898,510 · end of year $4,473,641

  • 19 · Deferred revenue

    beginning of year $916,032 · end of year $57,431

  • 25 · Other liabilities

    beginning of year $98,949 · end of year $10,792

  • 27 · Net assets without donor restrictions

    beginning of year $864,300 · end of year $786,776

  • 28 · Net assets with donor restrictions

    beginning of year $1,061,033 · end of year $659,393

Mission and programs · 2024

Mission

MassHire Metro North Workforce Board's mission is to develop partnerships, generate resources, and advocate for workforce solutions that result in a skilled workforce, prospering businesses, and equitable access to meaningful career pathways and quality employment for residents.

Activities or mission (Part I)

To develop partnerships, generate resources, and advocate for workforce solutions.

  • One Stop Career Centers (OSCC) - Policy and administrative oversight of two OSCC's. OSCC's assist individuals in achieving self-sufficiency through the receipt of high-quality comprehensive services through the state employment network, primarily funded through federal wagner-peyser, re-employment services and eligibility assessment (RESEA), and various Massachusetts awards.

    Expenses $4,601,476 · Grants $4,411,185

  • Workforce Innovation Opportunity Act (WIOA) - Fiscal agent for MNREB's two OSCC's and seven other publicly funded agencies that providing training and employment assistance to qualified American residents under the WIOA program.

    Expenses $3,027,174 · Grants $1,928,083

  • Youth Works - Youth work program funded by Commonwealth corporation designed to provide jobs for at risk youth in Boston's Metro North area.

    Expenses $2,338,300 · Grants $1,769,787

  • Adult Basic Education - This program is designed for the administration of adult basic education and English as second language programs and related funding is passed through to seven educational agencies. Connecting Activities - This program was designed for the development, oversight, and integration of school-to-work into a system of education and workforce development and related funding is passed through to the organization's two career centers. Advanced Manufacturing Training Program - This program is designed to provide advanced manufacturing training to unemployed and underemployed individuals. Career Opportunities in Retail - This program is designed to improve the perception of retail careers among job seekers by demonstrating the sectors varied career pathway and opportunities for advancement.

    Expenses $4,837,042 · Grants $3,503,620

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

Listed in Part VII

  • Collen Moran

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Carson Burrington

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Susan Walsh

    Clerk

    Total calculated
    $0
    Hours/week
    1

  • Valarie Sutton

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Steven Sullivan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Reed Brockman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Debra Jacobson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Nancy Conti

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Alexander

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christopher Hope

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rafael Mares

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Maria Kefallinou

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Allen Boyer

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rick Laferriere

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rachael Running

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stacey Leibowitz

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kristen McKenna

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Mancia

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Cosgrove

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christopher Albrizio-Lee

    President and CEO

    Total calculated
    $162,820
    From this org
    $138,225
    From related orgs
    $0
    Other
    $24,595
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $138,225
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,595
    Filer's total
    $162,820

  • Richard Dalton

    CFO

    Total calculated
    $135,325
    From this org
    $132,108
    From related orgs
    $0
    Other
    $3,217
    Hours/week
    35

  • Maryanne Ham

    NAMC Executive Dir.

    Total calculated
    $118,260
    From this org
    $116,564
    From related orgs
    $0
    Other
    $1,696
    Hours/week
    35

  • Pahneez Hasseli

    COO, VP

    Total calculated
    $114,550
    From this org
    $113,135
    From related orgs
    $0
    Other
    $1,415
    Hours/week
    35

  • Thomas Hanna

    Former Controller, VP

    Total calculated
    $121,335
    From this org
    $110,930
    From related orgs
    $0
    Other
    $10,405
    Hours/week
    35

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 · 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202611329349304566

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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