Overview
What is Massachusetts School Of Law At Andover Inc?
Massachusetts School of Law at Andover Inc is a nonprofit institution situated in Andover, Massachusetts, with an address at 500 Federal Street, 01810. Their primary mission is to provide legal education opportunities to all eligible individuals, aiming to make this field accessible to a diverse group of students. The organization incurs various expenses related to its charitable purpose of operating the law school, categorized under 'Program Service Expenses.' Despite not having specific details about the extent of their reach or the programs they offer, it can be inferred that Massachusetts School of Law at Andover Inc is dedicated to contributing to the field of law education and making it accessible to qualified individuals, in line with its mission statement.
Official website here: www.mslaw.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Massachusetts School Of Law At Andover Inc. has received a favorable rating of 86%, indicating a solid level of accountability and financial management. With a majority of independent board members and a robust audit and oversight committee, the organization demonstrates strong governance practices and commitment to transparency.
Strengths noted in the evaluation include a perfect score for financial oversight and policies related to conflict of interest and whistleblower protection. Additionally, the organization has shown no material diversion of assets, which reflects its integrity in financial dealings. The liabilities to assets ratio is also impressive, indicating a sound financial position.
However, the program expense ratio stands at 61.99%, which could suggest that a larger portion of funds may not be directed towards direct programming. This could raise concerns for potential donors who prioritize organizations that allocate a higher percentage of their resources to direct services. Overall, the organization appears to operate with a strong ethical framework and sound financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts School Of Law At Andover Inc legitimate?
Massachusetts School Of Law At Andover Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts School Of Law At Andover Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,337,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,891,424
For more financial information, click here
Official website here: www.mslaw.edu
What is the mission statement of Massachusetts School Of Law At Andover Inc?
The Massachusetts School of Law at Andover Inc's mission is centered around making legal education accessible to all eligible individuals. This mission is carried out through the operation of the law school, incurring costs directly connected to this purpose. The institution is committed to making legal education a viable option for those who meet the qualifications, thereby broadening access to this field. The school's activities are primarily focused on this mission, ensuring that legal education remains within reach for a diverse range of individuals.
Official website here: www.mslaw.edu
Who is the CEO of Massachusetts School Of Law At Andover Inc?
Lawrence R Velvel is the Principal Officer of Massachusetts School Of Law At Andover Inc.
Official website here: www.mslaw.edu
What is the revenue of Massachusetts School Of Law At Andover Inc?
Massachusetts School Of Law At Andover Inc's revenue in 2022 was $4,847,415.
Official website here: www.mslaw.edu
Who are the executives of Massachusetts School Of Law At Andover Inc and what are their salaries?
There 11 volunteers at Massachusetts School Of Law At Andover Inc.
Here are 17 key members and their salaries:
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Official website here: www.mslaw.edu
Where can I find the form 990 for Massachusetts School Of Law At Andover Inc?
Massachusetts School Of Law At Andover Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mslaw.edu
Learn more at the official website: www.mslaw.edu
Mission Statement of Massachusetts School Of Law At Andover Inc
Massachusetts School of Law at Andover Inc is committed to making legal education accessible to all qualified individuals. This mission is at the heart of their operations, ensuring that anyone with the potential to contribute to the field of law has the opportunity to pursue their studies. The program service expenses incurred by the law school are directly tied to this purpose, reflecting their dedication to this cause. The school's activities are centered around this mission, providing an accessible and inclusive environment for legal education.
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Impact
July, 2024
Massachusetts School of Law at Andover Inc has a significant impact in providing accessible legal education to all qualified individuals. By offering a program focused on making legal education available to a broad range of students, the institution is contributing to the diversification and democratization of legal knowledge. This effort helps to empower individuals from various backgrounds to pursue a career in law and contribute to society in a meaningful way. Overall, the school's mission positively impacts the field of education and the legal profession as a whole.
This information is meant to be a general summary of Massachusetts School Of Law At Andover Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$674,082
- Program Service Revenue: $5,471,497
- Gross Receipts: $4,847,415
Assets and Liabilities:
- Total Assets: $10,679,528
- Total Liabilities: $95,537
- Net Assets: $10,583,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$5,320,791
Net Investment Income
Bookstore Sales
Revenue
$150,706
Fundraising Other
Organization Details
Founding Year
1986
Phone
(978) 681-0800Principal Officer
Lawrence R Velvel
Main Address
500 Federal Street, Andover, MA, 01810
Website
www.mslaw.eduNTEE Category
Code: B500 - Education
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