Overview
What is Massachusetts Education & Career Opportunities Inc?
Massachusetts Education & Career Opportunities Inc, briefly known as Massedco, is a nonprofit organization located in Worcester, Massachusetts. Their primary focus is on bridging the equity gap in post-secondary education attainment for underprivileged youth and adults in Massachusetts. They achieve this through a network of service sites, providing free education and career advising to over 12,000 individuals annually. Massedco organizes various events, workshops, and field trips to help low-income students stay in school and pursue higher education. Their mission is to empower economically and educationally disadvantaged individuals, enabling them to reach their full potential. They obtain funding from various sources, including federal and state education departments, private foundations, and corporate sponsors.
Official website here: www.massedco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
Massachusetts Education & Career Opportunities Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. A perfect score in several key areas, including independent board membership and comprehensive financial oversight, showcases the organization's commitment to transparency and responsible management of resources.
The organization boasts a remarkable program expense ratio of 92.60%, indicating that the majority of its expenditures are directed towards its mission-related activities. Additionally, the presence of a whistleblower policy and clear conflict of interest guidelines further emphasizes its dedication to ethical governance. These factors contribute to a high level of trust for donors and stakeholders.
While the organization demonstrates strong fiscal health, with a liabilities to assets ratio of 51.46%, it remains important for potential supporters to consider ongoing operational constraints or market fluctuations that could impact its financial stability in the long run. Overall, Massachusetts Education & Career Opportunities Inc exemplifies solid leadership and responsible financial practices, reinforcing its position as a credible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Massachusetts Education & Career Opportunities Inc?
100% of reviewers on Facebook recommend Massachusetts Education & Career Opportunities Inc. Here is a summary of their reviews:
The feedback indicates a highly positive experience among reviewers, who emphasize the organization as a fantastic place to work. This sentiment suggests a strong level of satisfaction and commitment from those involved with the nonprofit.
Overall, Massachusetts Education & Career Opportunities Inc. appears to successfully deliver on its mission, fostering a supportive and rewarding environment for its employees and stakeholders.
This AI summary has been generated from reviews found on Facebook.
Is Massachusetts Education & Career Opportunities Inc legitimate?
Massachusetts Education & Career Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Education & Career Opportunities 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: $150,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,519,083
For more financial information, click here
Official website here: www.massedco.org
What is the mission statement of Massachusetts Education & Career Opportunities Inc?
Massachusetts Education & Career Opportunities Inc, often referred to as MASSEDCO, is devoted to addressing the equity gap in post-secondary education for underprivileged youth and adults in Massachusetts. Their mission is to offer educational and career advising services to over 12,000 individuals annually, empowering individuals from diverse backgrounds to realize their potential. Economically and educationally disadvantaged individuals are the primary focus of their services, which are provided free of charge. The organization receives funding from various sources, including federal and state education departments, private foundations, and corporate sources.
Official website here: www.massedco.org
Who is the CEO of Massachusetts Education & Career Opportunities Inc?
Mark Bilotta is the Treasurer of Massachusetts Education & Career Opportunities Inc. The CEO's salary of Massachusetts Education & Career Opportunities Inc is $147,062 and their total compensation is $161,693.
Official website here: www.massedco.org
What is the revenue of Massachusetts Education & Career Opportunities Inc?
Massachusetts Education & Career Opportunities Inc's revenue in 2022 was $3,715,649.
Official website here: www.massedco.org
Who are the executives of Massachusetts Education & Career Opportunities Inc and what are their salaries?
The average compensation at Massachusetts Education & Career Opportunities Inc during 2022 was $39,743. There are 42 employees and 35 volunteers at Massachusetts Education & Career Opportunities Inc.
Here are 15 key members and their salaries (Massachusetts Education & Career Opportunities Inc's CEO's salary is $147,062 and their total compensation is $161,693):
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- Compensation: $147,062
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- Compensation: $111,802
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- Other: $17,380
Official website here: www.massedco.org
Where can I find the form 990 for Massachusetts Education & Career Opportunities Inc?
Massachusetts Education & Career Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massedco.org
Learn more at the official website: www.massedco.org
Mission Statement of Massachusetts Education & Career Opportunities Inc
Massachusetts Education & Career Opportunities Inc, or Masasedco, serves to bridge the equity gap in post-secondary education attainment for low-income, first-generation, underrepresented, and marginalized youth and adults in Massachusetts. As a statewide network of service sites, Masasedco provides education and career advising to over 12,000 individuals annually, empowering people from diverse backgrounds to realize their potential, both economically and educationally. The organization's primary focus lies in assisting economically and educationally disadvantaged individuals, offering its services free of charge. Funding for Masasedco comes from various sources, including federal and state education departments, private foundations, and corporate entities.
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Impact
October, 2024
Massachusetts Education & Career Opportunities Inc. (MASSEDCO) plays a crucial role in addressing the equity gap in postsecondary education attainment for low-income, first-generation, underrepresented, and marginalized youth and adults in Massachusetts. By providing access to essential educational and career advising services, MASSEDCO supports over 12,000 individuals each year, empowering them to achieve their full potential.
Through initiatives such as the GEAR UP program, MASSEDCO offers a variety of resources, including advising services, events, workshops, and field trips. These programs are designed to encourage low-income students to remain in school and pursue higher education. By connecting these individuals with opportunities and resources, MASSEDCO cultivates pathways that can lead to economic stability and educational advancement.
The impact of MASSEDCO extends beyond immediate educational gains; it fosters long-term societal benefits by enhancing the skills and employability of individuals from diverse backgrounds. This not only uplifts individuals but also contributes to community growth and reduces economic disparities. The commitment to providing these services at no cost means that MASSEDCO removes financial barriers, further emphasizing its mission to serve those who may face additional challenges in accessing educational opportunities. Through its comprehensive services and community outreach, MASSEDCO significantly enhances the lives of those it serves, creating a more equitable educational landscape in Massachusetts.
This information is meant to be a general summary of Massachusetts Education & Career Opportunities 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: $2,862
- Program Service Revenue: $98,115
- Gross Receipts: $3,734,004
Assets and Liabilities:
- Total Assets: $1,916,451
- Total Liabilities: $1,087,741
- Net Assets: $828,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$98,115
Organization Details
Founding Year
1969
Phone
(508) 754-6829Principal Officer
Mark Bilotta
Main Address
18 CHESTNUT STREET 210, WORCESTER, MA, 01608
Website
www.massedco.orgNTEE Category
Code: B80Z - Education
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