Overview
What is Mass Assoc Of School Business Officials Inc?
The Massachusetts Association of School Business Officials Inc., headquartered at 11 Grove Street 3rd Floor, Hopkinton, Massachusetts, is a nonprofit organization dedicated to elevating the competence and knowledge of financial and operational professionals in public education institutions across Massachusetts. Through bi-monthly conferences, meetings, and conventions, MASBO promotes the establishment of the highest standards in school business administration. By providing exceptional leadership, professional development opportunities, and fostering collaboration, MASBO supports the success of students and public education in the Commonwealth. With a focus on ethics and efficiency in school business management and administration, this organization serves as a crucial resource for schools in Massachusetts.
Official website here: www.masbo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Mass Association of School Business Officials Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a high score of 93%, the organization demonstrates effective management practices, including a fully independent board, which enhances its governance and operational integrity.
Strengths of the organization include its robust oversight mechanisms, highlighted by perfect scores in areas such as material diversion of assets and the presence of essential policies like conflict of interest and whistleblower protection. The organization also maintains a solid financial standing, evidenced by a low liabilities to assets ratio of 4.66% and a program expense ratio of 67.45%, indicating a commitment to directing resources toward its programs.
While the organization displays many strengths in financial management and governance, the program expense ratio suggests there is room for improvement to further enhance efficiency. Overall, the Mass Association of School Business Officials Inc is positioned well in terms of accountability and has a strong foundation for supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mass Assoc Of School Business Officials Inc legitimate?
Mass Assoc Of School Business Officials Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mass Assoc Of School Business Officials 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: $113,323
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.masbo.org
What is the mission statement of Mass Assoc Of School Business Officials Inc?
The Mass Assoc of School Business Officials Inc, in its mission, aims to enhance the competence and knowledge of financial and operational professionals employed by educational institutions in Massachusetts. This is accomplished through exceptional leadership, professional development, and opportunities for collaboration. By maximizing members' contributions, the organization supports the success of students and public education in the commonwealth. Additionally, the association fosters partnerships with complementary businesses and engages in community activities, promoting the establishment of the highest standards in school business administration. The organization also sets and promotes ethical standards in school business management and administration.
Official website here: www.masbo.org
Who is the CEO of Mass Assoc Of School Business Officials Inc?
Margaret Driscoll is the Executive Director of Mass Assoc Of School Business Officials Inc.
Official website here: www.masbo.org
What is the revenue of Mass Assoc Of School Business Officials Inc?
Mass Assoc Of School Business Officials Inc's revenue in 2022 was $552,288.
Official website here: www.masbo.org
Who are the executives of Mass Assoc Of School Business Officials Inc and what are their salaries?
The average compensation at Mass Assoc Of School Business Officials Inc during 2022 was $37,774. There are 3 employees and 25 volunteers at Mass Assoc Of School Business Officials Inc.
Here are 13 key members and their salaries:
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Official website here: www.masbo.org
Where can I find the form 990 for Mass Assoc Of School Business Officials Inc?
Mass Assoc Of School Business Officials Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.masbo.org
Learn more at the official website: www.masbo.org
Mission Statement of Mass Assoc Of School Business Officials Inc
The Massachusetts Association of School Business Officials (MASBO) is an organization whose mission lies in upholding the highest ethical standards and promoting efficiency in school business management and administration. By doing so, they aim to enhance the competence and knowledge of financial and operational professionals employed by institutions of public education in Massachusetts. MASBO strives to provide exceptional leadership, professional development, and opportunities for collaboration among its members, ultimately supporting the success of students and public education in the Commonwealth. They achieve this through education, partnerships with complementary businesses, and community involvement.
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Impact
July, 2024
The Mass Assoc Of School Business Officials Inc, through its activities, enhances the competence and knowledge of financial and operational professionals working in public education institutions in Massachusetts. By providing exceptional leadership, professional development opportunities, and fostering collaboration, the organization maximizes its members' contributions towards supporting the success of students and public education in the Commonwealth. Through education, partnerships with complementary businesses, and engagement with the community, Mass Assoc Of School Business Officials Inc plays a vital role in promoting the highest standards of school business administration.
This information is meant to be a general summary of Mass Assoc Of School Business Officials 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.
- Program Service Revenue: $365,560
- Gross Receipts: $552,288
Assets and Liabilities:
- Total Assets: $982,458
- Total Liabilities: $129,119
- Net Assets: $853,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BI-MONTHLY MEETINGS
Revenue
$274,130
ANNUAL INSTITUTE
Revenue
$91,430
Organization Details
Founding Year
1969
Phone
(978) 452-7044Principal Officer
Margaret Driscoll
Main Address
11 GROVE STREET 3RD FLOOR, HOPKINTON, MA, 01748
Website
www.masbo.orgNTEE Category
Code: B03 - Education
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