Civic Intelligence

More Than Words Inc.

EIN 04-2784985 • 501(c)3 • Boston, MA

Pub. 78 Eligible

Profile

Our mission is to empower youth who are in foster care, court involved, homeless or out of school to take charge of their lives by taking charge of a business.

242 East Berkeley Street 2nd FLBoston, MA 02118

mtwyouth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.41x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

0.54x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

25th percentile

$170,275

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

81st percentile

17%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$17,148,435

Up $2,537,226 (+17%) from 2024

Liabilities

Up

$6,958,392

Up $551,752 (+8.6%) from 2024

Net Assets

Up

$10,190,043

Up $1,985,474 (+24%) from 2024

Revenue

Up

$12,877,662

Up $3,165,598 (+33%) from 2024

Expenses

Up

$10,894,823

Up $1,501,700 (+16%) from 2024

Net Income

Up

$1,982,839

Up $1,663,898 (+522%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $335,648Liabilities 2010: $112,584Net Assets 2010: $223,0642010Assets 2011: $780,813Liabilities 2011: $103,417Net Assets 2011: $677,3962011Assets 2012: $1,133,332Liabilities 2012: $206,572Net Assets 2012: $926,7602012Assets 2013: $1,526,262Liabilities 2013: $215,163Net Assets 2013: $1,311,0992013Assets 2014: $1,446,258Liabilities 2014: $184,991Net Assets 2014: $1,261,2672014Assets 2015: $1,648,903Liabilities 2015: $310,856Net Assets 2015: $1,338,0472015Assets 2016: $2,497,370Liabilities 2016: $552,203Net Assets 2016: $1,945,1672016Assets 2017: $12,955,600Liabilities 2017: $8,144,946Net Assets 2017: $4,810,6542017Assets 2018: $16,245,248Liabilities 2018: $9,065,064Net Assets 2018: $7,180,1842018Assets 2019: $14,685,636Liabilities 2019: $8,176,838Net Assets 2019: $6,508,7982019Assets 2020: $16,209,266Liabilities 2020: $8,389,635Net Assets 2020: $7,819,6312020Assets 2021: $15,091,779Liabilities 2021: $7,076,741Net Assets 2021: $8,015,0382021Assets 2022: $15,482,688Liabilities 2022: $6,726,977Net Assets 2022: $8,755,7112022Assets 2023: $14,111,293Liabilities 2023: $6,225,665Net Assets 2023: $7,885,6282023Assets 2024: $14,611,209Liabilities 2024: $6,406,640Net Assets 2024: $8,204,5692024Assets 2025: $17,148,435Liabilities 2025: $6,958,392Net Assets 2025: $10,190,0432025

Highlighted filing

2025

Assets$17,148,435
Liabilities$6,958,392
Net Assets$10,190,043

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $671,1782010Revenue 2011: $1,284,096Expenses 2011: $829,764Net Income 2011: $454,3322011Expenses 2012: $1,485,1712012Revenue 2013: $2,241,048Expenses 2013: $1,855,917Net Income 2013: $385,1312013Revenue 2014: $2,125,429Expenses 2014: $2,180,868Net Income 2014: -$55,4392014Revenue 2015: $2,718,240Expenses 2015: $2,633,908Net Income 2015: $84,3322015Revenue 2016: $3,979,019Expenses 2016: $3,305,730Net Income 2016: $673,2892016Revenue 2017: $6,906,723Expenses 2017: $4,031,601Net Income 2017: $2,875,1222017Revenue 2018: $7,071,924Expenses 2018: $4,676,074Net Income 2018: $2,395,8502018Revenue 2019: $5,320,416Expenses 2019: $5,977,069Net Income 2019: -$656,6532019Revenue 2020: $7,632,753Expenses 2020: $6,318,758Net Income 2020: $1,313,9952020Revenue 2021: $6,459,719Expenses 2021: $6,304,208Net Income 2021: $155,5112021Revenue 2022: $7,979,220Expenses 2022: $7,332,379Net Income 2022: $646,8412022Revenue 2023: $7,743,438Expenses 2023: $8,613,521Net Income 2023: -$870,0832023Revenue 2024: $9,712,064Expenses 2024: $9,393,123Net Income 2024: $318,9412024Revenue 2025: $12,877,662Expenses 2025: $10,894,823Net Income 2025: $1,982,8392025

Highlighted filing

2025

Revenue$12,877,662
Expenses$10,894,823
Net Income$1,982,839

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.1$6.96$10.2$12.9$10.9$1.98
2024Detailed filing. Detailed filing data is available for this year.$14.6$6.41$8.20$9.71$9.39$0.32
2023Detailed filing. Detailed filing data is available for this year.$14.1$6.23$7.89$7.74$8.61$0.87
2022Detailed filing. Detailed filing data is available for this year.$15.5$6.73$8.76$7.98$7.33$0.65
2021Detailed filing. Detailed filing data is available for this year.$15.1$7.08$8.02$6.46$6.30$0.16
2020Detailed filing. Detailed filing data is available for this year.$16.2$8.39$7.82$7.63$6.32$1.31
2019Detailed filing. Detailed filing data is available for this year.$14.7$8.18$6.51$5.32$5.98$0.66
2018Detailed filing. Detailed filing data is available for this year.$16.2$9.07$7.18$7.07$4.68$2.40
2017Detailed filing. Detailed filing data is available for this year.$13.0$8.14$4.81$6.91$4.03$2.88
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.55$1.95$3.98$3.31$0.67
2015Detailed filing. Detailed filing data is available for this year.$1.65$0.31$1.34$2.72$2.63$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.18$1.26$2.13$2.18$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.22$1.31$2.24$1.86$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.21$0.93$1.49
2011Summary only. Only limited summary data is available for this year.$0.78$0.10$0.68$1.28$0.83$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.11$0.22$0.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 22, 2026
Return Version
2024v5.5
Gross Receipts
$28,048,064
Mission and Program Overview

Mission

Our mission is to empower youth who are in foster care, court involved, homeless or out of school to take charge of their lives by taking charge of a business.

The organization is organized exclusively for the charitable and educational purposes of providing empowering leadership and supportive employment opportunities for youth who are in the foster care system, court involved, homeless, out of school, or who have mental health or substance abuse issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$5,024,824$5,207,738▲ $182,914
Investments in Publicly Traded Securities$2,818,985$3,981,904▲ $1,162,919
Pledges and Grants Receivable$2,278,740$2,846,531▲ $567,791
Land, Buildings, and Equipment, Net$2,806,739$2,665,474▼ $141,265
Cash and Non-Interest-Bearing Accounts$600,859$1,133,952▲ $533,093
Savings and Temporary Cash Investments$572,793$763,008▲ $190,215
Inventories for Sale or Use$196,147$278,845▲ $82,698
Accounts Receivable$132,538$133,219▲ $681
Prepaid Expenses and Deferred Charges$154,148$98,310▼ $55,838
Total Assets$14,611,209$17,148,435▲ $2,537,226
Other Assets Total$25,436$39,454▲ $14,018
Liabilities
Other Liabilities$5,536,245$5,764,925▲ $228,680
Accounts Payable and Accrued Expenses$744,867$1,035,405▲ $290,538
Deferred Revenue$101,463$101,817▲ $354
Grants Payable$24,065$56,245▲ $32,180
Total Liabilities$6,406,640$6,958,392▲ $551,752
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,587,434$7,288,562▲ $701,128
Net Assets With Donor Restrictions$1,617,135$2,901,481▲ $1,284,346
Total Net Assets Fund Balance$8,204,569$10,190,043▲ $1,985,474
Total Liabilities and Net Assets / Fund Balance$14,611,209$17,148,435▲ $2,537,226

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,958,563$1,712,399$3,670,962
Equipment$706,911$915,160$1,622,071
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer HerbertCOOFT$156,321$13,954$170,275
Naomi ParkerChief Advancement OfficerFT$139,312$30,401$169,713
Jodi RosenbaumCEOFT$164,255$4,721$168,976
Shaun NewellChief of Social EnterpriseFT$160,442$4,630$165,072
Ian Jude ChioCFOFT$133,146$28,859$162,005
Marcella RainesChief Advoc & COM Eng Off.FT$124,143$29,996$154,139
Noah SchectmanChief Learning OfficerFT$114,304$28,656$142,960
Leanne GoffDirector of Career ServiceFT$108,913$3,205$112,118

Board Members and Trustees

NameTitle
John ChoryChair
Barbara BerkeVice Chair and Clerk
Anne PreacherDirector
Chris AndersonDirector
Chris CasgarDirector
Christopher FarringtonDirector
Gail GaringerDirector
Gordon DoristinDirector
Juliette KopeckyDirector
Lorna SabbiaDirector
Patrizio UrciuoliDirector
Renee ChanDirector
Sam ChambersDirector
Mike McculloughTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Osm WorldwideShipping601 REGENCY DRIVE, Glendale Heights, IL 60139$1,158,446
EcratchitAccounting/cfoservices2 SHARP STREET, Hingham, MA 02043$145,417
Indaba SystemsCustomer Service And Hosting4600 CAMAS MEADOWS DRIVE SUITE 120, Camas, WA 98607$116,560
Revenue and Support

Revenue Composition

Contributions and Grants
$11,621,786
Program Service Revenue
$0
Investment Income
$152,904
Other Revenue
$1,102,972
All Other Contributions
$6,800,984
Change in Net Assets
$1,982,839

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$326,403Thrift Shop Value
Clothing and Household Goods-$256,795Thrift Shop Value
Securities Publicly Traded1$127,883Fair Market Value
Food Inventory1$6,749Food
Other Non Cash Contri Table1$1,795Fair Market Value
Total Noncash Contributions3$719,625-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,946,543
Revenue Not Reported on Financial Statements
$-3,068,881
Revenue Not Reported on Form 990
$242,399
Other Revenue Adjustments
$-3,068,881
Total Revenue per Audited Statements
$16,188,942
Total Revenue per Form 990
$12,877,662
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,140,167
Other Expenses$3,406,660
Total Fundraising Expense$822,239
Grants and Similar Amounts Paid$347,996
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,840,734$382,666$378,997$5,602,397
Occupancy$1,033,049$112,086$111,149$1,256,284
Payroll Taxes$471,753$36,330$36,053$544,136
Current Officers, Directors, Trustees, and Key Employees$405,944$58,368$58,368$522,680
Depreciation Depletion$383,772$41,639$41,292$466,703
Other Employee Benefits$281,947$57,495$38,365$377,807
Grants to Domestic Individuals$347,996--$347,996
Fees for Services Other$91,580$126,489$6,059$224,128
Advertising$124,566-$99,505$224,071
Fees for Services Accounting-$182,873-$182,873
Insurance$123,624$13,413$13,301$150,338
Other Expenses$118,489$540$13,393$119,029
Pension Plan Contributions$74,836$10,611$7,700$93,147
All Other Expenses$53,639$36,935$451$91,025
Information Technology$67,553$7,329$7,269$82,151
Travel$9,881$650$293$10,824
Total Functional Expenses$8,921,664$1,150,920$822,239$10,894,823

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,203,468
Expenses per Audited Statements$13,963,704
Total Expenses per Form 990$10,894,823
Expenses Not Reported on Form 990$239,764
Expenses Not Reported on Financial Statements$-3,068,881
Other Expense Adjustments$-3,068,881
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$135,900
Fundraising Gross Income$72,125
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Boston Corp Fin Community Fund Rsr$455,480$69,600$12,031$57,569
More Than Dessert$124,155$2,525$5,787$-3,262
Total Events$579,635$72,125$135,900$-63,775
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$5,764,925
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 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance committee, along with other members of management perform a detailed review of the form 990 before it is provided to the entire board.

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

All board members and officers ("subject person") are subject to a conflict of interest policy. The policy requires the subject person to immediately disclose actual or potential conflicts of interest to the board. The board determines whether or not an actual conflict exists, and votes to either approve or disapprove of the related transaction. The subject person is prohibited from participating in the board's discussion and voting related to the matter. In addition, each subject person is required to complete an annual disclosure of any and all relationships, positions and circumstances that could give rise to an actual or potential conflict of interest.

Form 990, Part VI, Section B, Line 15

The board of directors and an outsourced, independent human resources firm conduct the annual performance review of the ceo, and determine any annual compensation adjustment for the ceo based on this performance review and a review of comparable salary data from similar organizations. The process was last undertaken in june 2025. Compensation for key employees is determined in a similar manner, except that the annual review is conducted by the ceo instead of the board. The process was last undertaken at the beginning of 2025.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and the financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
More Than Words Inc
EIN
04-2784985
Phone
7817880035
Address
242 EAST BERKELEY STREET 2ND FL, BOSTON, MA 02118

Signing Officer

Name
Jodi Rosenbaum
Title
CEO
Phone
7817880035
Signed
2026-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jodi Rosenbaum
Formed
1983
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
14
Employees
333
Volunteers
648

Preparer

Firm
Raffol and Company Inc
Address
105 CHESTNUT ST SUITE 11, NEEDHAM, MA 02492
Preparer
Jonathan Vitale
Phone
7814444926
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

COST OF GOODS SOLD

PART XII, LINE 4B - OTHER ADJUSTMENTS:

COST OF GOODS SOLD

Raw XML AppendixShowing 400 of 869 raw XML fields

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/ActivityOrMissionDesc0THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING EMPOWERING LEADERSHIP AND SUPPORTIVE EMPLOYMENT OPPORTUNITIES FOR YOUTH WHO ARE IN THE FOSTER CARE SYSTEM, COURT INVOLVED, HOMELESS, OUT OF SCHOOL, OR WHO HAVE MENTAL HEALTH OR SUBSTANCE ABUSE ISSUES.
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IRS990/Desc0MTW IS A SOCIAL ENTERPRISE THAT EMPOWERS SYSTEM-INVOLVED YOUTH TO TAKE CHARGE OF THEIR LIVES BY TAKING CHARGE OF A BUSINESS. WE SERVE THE BOSTON AREA'S MOST UNDERSERVED YOUNG PEOPLE WHO FACE COMPOUNDING RISK FACTORS: 55% ARE INVOLVED IN THE FOSTER CARE SYSTEM, 41% ARE COURT-INVOLVED, AND 25% FACE HOMELESSNESS. OVER THE PAST 20+ YEARS, MTW HAS DEVELOPED AND REFINED A MODEL THAT CONSISTENTLY EMPOWERS YOUTH TO ACHIEVE MEASURABLE OUTCOMES IN EDUCATION, WORK, AND LIFE.AT MTW YOUTH BEGIN WITH INTENSIVE SUPPORTIVE SERVICES TO HELP THEM GET STABILIZED AND READY FOR JOB TRAINING, INCLUDING WORK ON ESSENTIAL DOCUMENTS, TRANSPORTATION, FOOD SECURITY, AND HOUSING. THEN YOUTH EARN A JOB MANAGING EVERY FACET OF A $4M+ BUSINESS, DEVELOPING VALUABLE, TRANSFERABLE SKILLS APPROXIMATELY 10-25 HOURS/WEEK. YOUTH SOURCE USED BOOKS AND CLOTHING ITEMS, SELL THEM ONLINE AND IN THREE RETAIL STORES, RUN A FLEXIBLE EVENT SPACE, AND GO OUT INTO THE COMMUNITY ON A MOBILE BOOKSTORE. THEY ALSO HOLD A SECOND, EQUALLY IMPORTANT YOU JOB, IN WHICH THEY RECEIVE INTENSIVE CASE MANAGEMENT TO WORK TOWARDS PERSONAL GOALS. TWO-PLUS YEARS OF CONTINUED SUPPORT IN THE CAREER SERVICES PROGRAM AND ACCESS TO BRIDGE FUNDING HELP YOUTH TRANSITION TO OTHER JOBS, PERSIST IN EDUCATION, AND GET ON A PATH TO A LIVING WAGE. THROUGH THIS TRANSFORMATIVE PROGRAM, WE PROVIDE THE STRUCTURE, ACCOUNTABILITY, AND SUPPORT NEEDED TO EMPOWER OUR YOUTH TO DO THE HARD WORK OF TRANSFORMING THEIR OWN LIVES.THIS MODEL WORKS BECAUSE WORK WORKS. IN OUR MOST RECENTLY COMPLETED FISCAL YEAR WE SERVED 320 YOUTH. 85% OF GRADUATES WERE PRODUCTIVELY ENGAGED IN SCHOOL AND/OR WORK AND 97% OF YOUTH EITHER HAD EARNED OR WERE ON TRACK TO EARN THEIR HIGH SCHOOL DIPLOMA OR HISET.
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