Attleboro Enterprises Inc
Nonprofit profile at a glance
- EIN
- 042660632
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- North Attleboro, MA, USA
- Phone
- 5086954046
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rehabilitative Medical Services
Reported finances
- Revenue
- $10,925,080
- Expenses
- $9,313,220
- Assets
- $14,200,597
- Liabilities
- $3,214,324
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- GERARD PILKINGTON (PRESIDENT/CEO)
Highest reported compensation
- GERARD PILKINGTON (PRESIDENT/CEO): $250,058 total reported compensation
- JENNIFER SHEEHAN (CFO): $190,508 total reported compensation
- DEBRA MERINGOLO (DIRECTOR OF ADMINISTRATION): $154,790 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support adults with diverse developmental challenges by promoting opportunities for them to become contributing members of society and to achieve their life goals.
What it reported doing in 2024
Redemption centers: aei operates two redemption centers (the centers) that function as transitional work sites in which individuals are assessed in an array of job functions while maintaining the centers as viable businesses. The centers generate income by refunding deposits on returnable bottles and cans brought in by the general public and having workers recycle the bottles and cans which are then shipped back to distributors and/or their handling agencies. The centers also arrange the pick-up of bottles and cans from fundraising events operated by organizations such as the boy scouts and church groups. Both centers are licensed by the department of environmental protection and operate under regulations established by the Massachusetts bottle bill.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 72
- Accountability: 95
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.2%; rating input score 77
- Program expense ratio: 89%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 14.8%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 1.52; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 7.3% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 77.2% of revenue deployed · 89% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $8.3M in reported program spending
- Leadership: top reported pay $250K · 14 people listed · 2 of 6 pay-setting controls reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.