Beverly Bootstraps Community Services I

Nonprofit profile at a glance

EIN
043254507
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Beverly, MA, USA
Phone
9789271561
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Service Clubs

Official website

Reported finances

Revenue
$5,356,235
Expenses
$5,469,129
Assets
$4,777,495
Liabilities
$877,198

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • MELISSA DANE (CO-VICE PRESIDENT(FMR DIRECTOR))
  • MARILYN KRAMER (PRESIDENT (FMR VICE PRESIDENT))
  • MEREDITH SOBOL (CO-VICE PRESIDENT (FMR PRESIDENT))
  • SUSAN E GABRIEL (EXECUTIVE DIRECTOR (FMR))

Highest reported compensation

  • SUSAN E GABRIEL (EXECUTIVE DIRECTOR (FMR)): $139,574 total reported compensation
  • PAUL COLE (DIRECTOR OF FINANCE (FMR)): $34,911 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Beverly bootstraps community services provides critical resources to families and individuals so they may achieve self-sufficiency. The organization offers emergency and long-term assistance including: access to food, housing stability, adult and youth education, counseling and advocacy. The organization is community funded and supported.

What it reported doing in 2024

Beverly bootstraps addresses hunger through its food assistance programs, which provide emergency food to those in need. The food pantry distributes food 22 hours each week during shifts monday through thursday. In fy25 the food pantry experienced the highest number of annual visits at 23,307. There were 1,950 senior bags distributed. To support children who are at risk of food insecurity over the weekends and school vacations, 11,317 weekend food bags were delivered to school children in fy25. . Thanksgiving meal ingredients were distributed to households for a total of 748 meals. There were 1,845 visits to our now two refrigerated food locker locations. All of the food assistance programs combined distributed 1,003,691 pounds of food to 6,876 individuals (3159 households).

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.9%; rating input score 94
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $10.67 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.1%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.87; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 93.9% of revenue deployed · 85.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $4.7M in reported program spending
  • Leadership: top reported pay $140K · 20 people listed
  • Highest-paid contractors: 1 contractor listed · $123K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 26/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.