Civic Intelligence

Beaverbrook Step Inc.

990 • Fiscal year 2015 • EIN 04-2518911

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 02, 2015

85 Main Street 2nd FloorWatertown, MA 02472

(617) 926-1113

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.53x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

0.39x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

58th percentile

5.3%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

40th percentile

$146,091

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

68th percentile

6.2%

Faster asset growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

79th percentile

19%

Faster revenue growth than 79% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$11,054,146

Up $649,606 (+6.2%) from 2014

Net Assets

Up

$5,173,534

Up $800,727 (+18%) from 2014

Liabilities

Down

$5,880,612

Down $151,121 (-2.5%) from 2014

Revenue

Up

$14,980,963

Up $2,413,241 (+19%) from 2014

Expenses

Up

$14,180,236

Up $2,150,145 (+18%) from 2014

Net Income

Up

$800,727

Up $263,096 (+49%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2012: $9,957,274Liabilities 2012: $6,292,265Net Assets 2012: $3,665,0092012Assets 2013: $9,864,994Liabilities 2013: $6,029,818Net Assets 2013: $3,835,1762013Assets 2014: $10,404,540Liabilities 2014: $6,031,733Net Assets 2014: $4,372,8072014Assets 2015: $11,054,146Liabilities 2015: $5,880,612Net Assets 2015: $5,173,5342015Assets 2016: $12,404,723Liabilities 2016: $6,606,397Net Assets 2016: $5,798,3262016Assets 2017: $12,461,158Liabilities 2017: $6,298,870Net Assets 2017: $6,162,2882017Assets 2018: $13,064,151Liabilities 2018: $6,381,661Net Assets 2018: $6,682,4902018Assets 2019: $13,178,217Liabilities 2019: $6,069,065Net Assets 2019: $7,109,1522019Assets 2020: $16,502,996Liabilities 2020: $9,302,459Net Assets 2020: $7,200,5372020Assets 2021: $17,100,817Liabilities 2021: $6,485,474Net Assets 2021: $10,615,3432021Assets 2022: $17,768,807Liabilities 2022: $5,854,497Net Assets 2022: $11,914,3102022Assets 2023: $19,876,316Liabilities 2023: $6,699,148Net Assets 2023: $13,177,1682023Assets 2024: $22,439,976Liabilities 2024: $9,151,645Net Assets 2024: $13,288,3312024Assets 2025: $22,020,393Liabilities 2025: $7,523,198Net Assets 2025: $14,497,1952025

Highlighted filing

2015

Assets$11,054,146
Liabilities$5,880,612
Net Assets$5,173,534

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Expenses 2012: $11,215,2062012Revenue 2013: $11,766,864Expenses 2013: $11,596,697Net Income 2013: $170,1672013Revenue 2014: $12,567,722Expenses 2014: $12,030,091Net Income 2014: $537,6312014Revenue 2015: $14,980,963Expenses 2015: $14,180,236Net Income 2015: $800,7272015Revenue 2016: $15,538,004Expenses 2016: $14,913,212Net Income 2016: $624,7922016Revenue 2017: $15,666,761Expenses 2017: $15,302,799Net Income 2017: $363,9622017Revenue 2018: $16,341,997Expenses 2018: $15,846,131Net Income 2018: $495,8662018Revenue 2019: $16,924,070Expenses 2019: $16,497,408Net Income 2019: $426,6622019Revenue 2020: $18,730,475Expenses 2020: $18,639,090Net Income 2020: $91,3852020Revenue 2021: $24,067,657Expenses 2021: $20,652,851Net Income 2021: $3,414,8062021Revenue 2022: $23,465,024Expenses 2022: $22,166,057Net Income 2022: $1,298,9672022Revenue 2023: $24,649,963Expenses 2023: $23,387,105Net Income 2023: $1,262,8582023Revenue 2024: $25,348,340Expenses 2024: $25,241,297Net Income 2024: $107,0432024Revenue 2025: $30,084,785Expenses 2025: $28,875,351Net Income 2025: $1,209,4342025

Highlighted filing

2015

Revenue$14,980,963
Expenses$14,180,236
Net Income$800,727
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 2, 2015
Return Version
2014v5.0
Gross Receipts
$14,986,826
Mission and Program Overview

Mission

Beaverbrook step, inc. Is a private, not-for-profit organization which provides residential, day and support services to adults with developmental and intellectual disabilities in eastern massachusetts. The organization assists with the access, training and opportunities necessary to fully experience the benefits of community living. The organization strives to enhance the quality of life of individuals, while also fulfilling our responsibility to help our communities understand and appreciate the talents of all of its members.

Beaverbrook step, inc. Is a private, not-for-profit organization which provides community-based residential, day and support services to adults with developmental and intellectual disabilities in eastern massachusetts. The organization assists with the access, training and opportunities necessary to fully experience the benefits of community living. The organization strives to enhance the quality of life of individuals, while also fulfilling our responsibility to help our communities understand and appreciate the talents of all of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,646,621$6,365,855▼ $280,766
Savings and Temporary Cash Investments$2,174,899$2,248,601▲ $73,702
Accounts Receivable$1,161,908$1,106,889▼ $55,019
Cash and Non-Interest-Bearing Accounts$90,005$1,027,824▲ $937,819
Inventories for Sale or Use$45,568$52,543▲ $6,975
Prepaid Expenses and Deferred Charges$18,558$22,237▲ $3,679
Total Assets$10,404,540$11,054,146▲ $649,606
Other Assets Total$266,981$230,197▼ $36,784
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,162,662$4,946,027▼ $216,635
Accounts Payable and Accrued Expenses$865,391$930,913▲ $65,522
Other Liabilities$3,680$3,672▼ $8
Total Liabilities$6,031,733$5,880,612▼ $151,121
Net Assets / Fund Balance
Unrestricted Net Assets$4,372,807$5,173,534▲ $800,727
Total Net Assets Fund Balance$4,372,807$5,173,534▲ $800,727
Total Liabilities and Net Assets / Fund Balance$10,404,540$11,054,146▲ $649,606

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,588,570$4,417,579$9,006,149
Land$1,423,919-$1,423,919
Equipment$190,329$784,304$974,633
Leasehold Improvements$161,045$321,812$482,857
Other Land Buildings$1,992$20,628$22,620
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Virginia a ConnollyExecutive DirectorFT$137,010$9,081$146,091
Margaret WilsonDirector of FinanceFT$108,302$10,907$119,209

Board Members and Trustees

NameTitle
Stanley KruszewskiPresident
Shirlee PurcellVice President
Arthur MillmanDirector
Augusta HaydockDirector
Bennette ShultzDirector
John SaundersDirector
Karin TuttleDirector
Elaine RootClerk
John KennedyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Renaissance Remodeling INCConstruction, Snow Removal122 TRAPELO ROAD, Waltham, MA 02452$217,629
Revenue and Support

Revenue Composition

Contributions and Grants
$33,552
Program Service Revenue
$14,916,434
Investment Income
$5,880
Other Revenue
$25,097
All Other Contributions
$33,552
Change in Net Assets
$800,727

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,986,826
Revenue Not Reported on Financial Statements
$-5,863
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-5,863
Total Revenue per Audited Statements
$14,986,826
Total Revenue per Form 990
$14,980,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,445,016
Other Expenses$3,735,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,515,972$220,805-$8,736,777
Occupancy$741,155$152,860-$894,015
Other Employee Benefits$704,988$40,665-$745,653
Payroll Taxes$669,559$36,696-$706,255
Depreciation Depletion$434,775$24,313-$459,088
Travel$263,399$4,313-$267,712
Current Officers, Directors, Trustees, and Key Employees$12,759$243,572-$256,331
Fees for Services Other$25,285$127,813-$153,098
All Other Expenses$103,757$35,691-$139,448
Office Expenses$65,721$36,117-$101,838
Insurance$54,153$7,300-$61,453
Other Expenses$57,271$132,621-$57,271
Fees for Services Legal-$44,702-$44,702
Information Technology$22,670$20,590-$43,260
Fees for Services Accounting$5,915$35,500-$41,415
Advertising-$415-$415
Total Functional Expenses$13,016,263$1,163,973$0$14,180,236

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,186,099
Expenses per Audited Statements$14,180,236
Total Expenses per Form 990$14,180,236
Expenses Not Reported on Form 990$5,863
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$3,672
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Any person subscribing to the purposes of the corporation, except persons currently employed by the corporation, and who attends consecutive annual meetings shall be deemed a member. Membership business is conducted at the organization's annual meeting or at a special meeting called on behalf of the organization.

Form 990, Part VI, Section A, Line 7A

By a majority vote, members of the corporation present at the annual meeting of the corporation vote to re-elect or replace board members who have resigned or whose terms have expired. Each year, members elect by majority vote, both the clerk and the treasurer for one year terms.

Form 990, Part VI, Section A, Line 7B

By a majority vote, members of the corporation elect and may remove board of director's members. A director's removal may be voted on, only after reasonable notice and the opportunity to be heard by the membership body.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the ceo, cfo, and senior management. Once complete, a copy of the form 990 is distributed to every member of the board of directors and is reviewed by the finance & audit committee, which is a subset of the board of directors.

Form 990, Part VI, Section B, Line 12C

Beaverbrook step, inc. Has both a policy and procedure whereby officers, directors, and key employees are required to annually submit and verify information pursuant to maintaining compliance with the organizations conflict of interest policies. This information and verification is monitored and enforced throughout the year by both the board and executive committee. By policy, if and when a member's conflict is disclosed, such member is excluded from all discussions and votes pertaining to his/her interests and conflict.

Form 990, Part VI, Section B, Line 15

Although the members of the board of directors are unpaid volunteers, they oversee a substantive review and approval of salaries of key employees including the ceo, cfo, and other senior managers. Originally commissioned by the ma council of human service providers, the state wide provider coalition, abbott langer & associates surveys, produced annual comparative salary data by the state, region, metro area, type of non-profit, and size of non-profit. The publication is used by the organization to ensure that our salaries are fair, equitable, and within acceptable compensation limits.

Form 990, Part VI, Section C, Line 19

Beaverbrook step, inc. Makes all of its governing documents, minutes, conflict of interest policies, financial statements, ufr's, form 990 and government filings available to the public upon request for the same period of disclosure as set fort in section 6104(d). Documents may be mailed, picked up, or available for inspection. All government personnel filings in ma are also available online at state agency websites. In addition, the form 990 is available to the public via guidestar and the massachusetts attorney general's website.

Filing and Contact Details

Filer

Filer Name
Beaverbrook Step Inc
EIN
04-2518911
Phone
6179261113
Address
85 MAIN STREET 2ND FLOOR, WATERTOWN, MA 02472

Signing Officer

Name
Virginia a Connolly
Title
Executive Director
Phone
6179261113
Signed
2015-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia a Connolly
Formed
1973
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
353
Volunteers
24

Preparer

Firm
Rsm US Llp
Address
80 CITY SQUARE, BOSTON, MA 02129
Preparer
Lynne Johnson
Phone
6179129000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:(CONTINUED)

Further, we are committed to locating and utilizing all available financial resources in order to maintain a budget that addresses the need of the individuals, ensures the long-term viability of the organization and enables its best potential.

Financial Statement Notes

PART X, LINE 2:

The organization follows financial accounting standards board ("fasb") accounting standards codification ("asc") 740, "income taxes", which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the financial statements. The organization recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the organization's tax positions and concluded that the organization had no material uncertainties in income taxes as of june 30, 2014 and 2015. The organization is no longer subject to income tax examinations by the u.s., federal, state or local tax authorities for fiscal years before 2012. The organization will account for interest and penalties related to uncertain tax positions, if any, as part of tax expense.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cogs reported on form 990, part viii, line 10b -5,863.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cogs reported on 990, part viii, line 10b 5,863.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0BEAVERBROOK STEP, INC. IS A PRIVATE, NOT-FOR-PROFIT ORGANIZATION WHICH PROVIDES COMMUNITY-BASED RESIDENTIAL, DAY AND SUPPORT SERVICES TO ADULTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES IN EASTERN MASSACHUSETTS. THE ORGANIZATION ASSISTS WITH THE ACCESS, TRAINING AND OPPORTUNITIES NECESSARY TO FULLY EXPERIENCE THE BENEFITS OF COMMUNITY LIVING. THE ORGANIZATION STRIVES TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS, WHILE ALSO FULFILLING OUR RESPONSIBILITY TO HELP OUR COMMUNITIES UNDERSTAND AND APPRECIATE THE TALENTS OF ALL OF ITS MEMBERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR OF FINANCE
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IRS990/MissionDesc0BEAVERBROOK STEP, INC. IS A PRIVATE, NOT-FOR-PROFIT ORGANIZATION WHICH PROVIDES COMMUNITY-BASED RESIDENTIAL, DAY AND SUPPORT SERVICES TO ADULTS WITH DEVELOPMENTAL AND INTELLECTUAL DISABILITIES IN EASTERN MASSACHUSETTS. THE ORGANIZATION ASSISTS WITH THE ACCESS, TRAINING AND OPPORTUNITIES NECESSARY TO FULLY EXPERIENCE THE BENEFITS OF COMMUNITY LIVING. THE ORGANIZATION STRIVES TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS, WHILE ALSO FULFILLING OUR RESPONSIBILITY TO HELP OUR COMMUNITIES UNDERSTAND AND APPRECIATE THE TALENTS OF ALL OF ITS MEMBERS. IN ORDER TO FUNCTION AS A PRODUCTIVE AND EFFECTIVE ORGANIZATION, WE REALIZE THAT BEAVERBROOK STEP, INC. MUST REMAIN AN ADMINISTRATIVELY SOUND AND FINANCIALLY STABLE CORPORATION. WE ARE COMMITTED TO HIRING QUALIFIED, PROFESSIONAL STAFF AND TO PROVIDING OUR STAFF WITH ADEQUATE TRAINING, FAIR WAGES, A POSITIVE WORK ENVIRONMENT AND AN OPPORTUNITY FOR BOTH PERSONAL AND PROFESSIONAL GROWTH. (CONTINUED ON PAGE 3 OF SCH. O)
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt449951
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY HABILITATION: BEAVERBROOK STEP PROVIDED SUPPORTS TO OVER 35 INDIVIDUALS WHO LIVE IN VARIOUS RESIDENTIAL SETTINGS. THESE INDIVIDUALS REQUIRED SERVICES OF MORE THAN 7 HRS/WK BUT LESS THAN 24 HRS/DAY. QUALIFIED-STAFF ASSISTED INDIVIDUALS WITH COMMUNITY INCLUSION, FINANCIAL MANAGEMENT, BENEFIT ENTITLEMENTS, SELF-ADVOCACY, RECREATION, NUTRITION, MEDICAL/PSYCHIATRIC HEALTH CARE AND SKILL IMPROVEMENT IN OTHER AREAS OF LIFE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01475410
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01747219
IRS990/ProgSrvcAccomActy3Grp/Desc0DAY SERVICES: BEAVERBROOK STEP SUPPORTED OVER 72 INDIVIDUALS IN ACQUIRING AND MAINTAINING EMPLOYMENT, PARTICIPATING IN RECREATIONAL AND CULTURAL EVENTS IN THE COMMUNITY, VOLUNTEERING AT LIBRARIES AND MUSEUMS, BUILDING SKILLS LEADING TO ENHANCED DAY-TIME PURSUITS AND CREATING OPPORTUNITIES FOR FRIENDSHIPS AND INDEPENDENCE. JOB COACHING AND RETAIL SALES TRAINING SUPPORTS ARE PROVIDED IN OUR EMPLOYMENT-FOCUSED SITE.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01592760
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.0$7.52$14.5$30.1$28.9$1.21
2024Detailed filing. Detailed filing data is available for this year.$22.4$9.15$13.3$25.3$25.2$0.11
2023Detailed filing. Detailed filing data is available for this year.$19.9$6.70$13.2$24.6$23.4$1.26
2022Detailed filing. Detailed filing data is available for this year.$17.8$5.85$11.9$23.5$22.2$1.30
2021Detailed filing. Detailed filing data is available for this year.$17.1$6.49$10.6$24.1$20.7$3.41
2020Detailed filing. Detailed filing data is available for this year.$16.5$9.30$7.20$18.7$18.6$0.09
2019Detailed filing. Detailed filing data is available for this year.$13.2$6.07$7.11$16.9$16.5$0.43
2018Detailed filing. Detailed filing data is available for this year.$13.1$6.38$6.68$16.3$15.8$0.50
2017Detailed filing. Detailed filing data is available for this year.$12.5$6.30$6.16$15.7$15.3$0.36
2016Detailed filing. Detailed filing data is available for this year.$12.4$6.61$5.80$15.5$14.9$0.62
2015Detailed filing. Detailed filing data is available for this year.$11.1$5.88$5.17$15.0$14.2$0.80
2014Detailed filing. Detailed filing data is available for this year.$10.4$6.03$4.37$12.6$12.0$0.54
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.86$6.03$3.84$11.8$11.6$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.96$6.29$3.67$11.2
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $10M-$25M nonprofits