Boston Center for Adult Education Inc

Overview

Mission

To provide educational opportunities for adult learners in boston and surrounding communities that responded to the ongoing and evolving needs for professional growth and personal enrichment.

What it reported doing in 2023

Founded in 1933, the boston center for adult education, inc. (the "center") was the oldest, non-profit adult education center in new england. The center seeked to be responsive to the evolving educational needs of individuals by offering a wide variety of courses and other educational opportunities. Most of the center's revenues were derived from tuition and related educational activities. The center also depended on contributions from the community. The center provided non-credit educational opportunities that fostered personal and professional development. In advancement of this mission, the center offered a variety of courses on a wide range of topics throughout the year.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

Nonprofit profile at a glance

EIN
042113278
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Headquarters
Boston, MA, USA
Phone
6173993113
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

The verdict

REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 81
  • Sustainability: 37
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 27th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -243.1%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 38.93; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 25.5%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -32.7% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -16.6% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -7.8% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 10 of 11 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $314K · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 annual filings from 2010 to 2023
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

12 people listed

Highest reported compensation

  • KIRA KHAZATSKY (PRESIDENT & CEO): $313,863 total reported compensation
  • JENNIFER JEWELL (CFO): $240,689 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.