Civic Intelligence

Beverly Bootstraps Community Services Inc.

990 • Fiscal year 2021 • EIN 04-3254507

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 16, 2021

35 Park StreetBeverly, MA 01915

(978) 927-1561

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.20x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

43rd percentile

8.6%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

72nd percentile

$106,358

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

16th percentile

-3.5%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.3%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$4,798,884

Down $176,084 (-3.5%) from 2020

Net Assets

Up

$4,087,285

Up $311,501 (+8.2%) from 2020

Liabilities

Down

$711,599

Down $487,585 (-41%) from 2020

Revenue

Up

$3,642,096

Up $248,428 (+7.3%) from 2020

Expenses

Up

$3,330,491

Up $336,631 (+11%) from 2020

Net Income

Down

$311,605

Down $88,203 (-22%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,514,859Liabilities 2011: $444,582Net Assets 2011: $1,070,2772011Assets 2012: $1,603,916Liabilities 2012: $444,578Net Assets 2012: $1,159,3382012Assets 2013: $1,721,136Liabilities 2013: $463,062Net Assets 2013: $1,258,0742013Assets 2014: $1,988,539Liabilities 2014: $594,315Net Assets 2014: $1,394,2242014Assets 2015: $4,943,586Liabilities 2015: $1,154,986Net Assets 2015: $3,788,6002015Assets 2016: $5,953,316Liabilities 2016: $2,303,397Net Assets 2016: $3,649,9192016Assets 2017: $5,033,624Liabilities 2017: $1,716,435Net Assets 2017: $3,317,1892017Assets 2018: $4,653,733Liabilities 2018: $1,257,312Net Assets 2018: $3,396,4212018Assets 2019: $4,291,074Liabilities 2019: $915,098Net Assets 2019: $3,375,9762019Assets 2020: $4,974,968Liabilities 2020: $1,199,184Net Assets 2020: $3,775,7842020Assets 2021: $4,798,884Liabilities 2021: $711,599Net Assets 2021: $4,087,2852021Assets 2022: $4,894,230Liabilities 2022: $795,106Net Assets 2022: $4,099,1242022Assets 2023: $4,756,233Liabilities 2023: $708,418Net Assets 2023: $4,047,8152023Assets 2024: $4,889,314Liabilities 2024: $890,894Net Assets 2024: $3,998,4202024Assets 2025: $4,777,495Liabilities 2025: $877,198Net Assets 2025: $3,900,2972025

Highlighted filing

2021

Assets$4,798,884
Liabilities$711,599
Net Assets$4,087,285

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,416,2642011Revenue 2012: $1,689,993Expenses 2012: $1,600,932Net Income 2012: $89,0612012Revenue 2013: $1,985,882Expenses 2013: $1,887,146Net Income 2013: $98,7362013Revenue 2014: $2,319,127Expenses 2014: $2,182,977Net Income 2014: $136,1502014Revenue 2015: $4,897,007Expenses 2015: $2,502,631Net Income 2015: $2,394,3762015Revenue 2016: $2,656,116Expenses 2016: $2,794,797Net Income 2016: -$138,6812016Revenue 2017: $2,458,126Expenses 2017: $2,781,956Net Income 2017: -$323,8302017Revenue 2018: $2,930,172Expenses 2018: $2,850,940Net Income 2018: $79,2322018Revenue 2019: $2,911,226Expenses 2019: $2,931,671Net Income 2019: -$20,4452019Revenue 2020: $3,393,668Expenses 2020: $2,993,860Net Income 2020: $399,8082020Revenue 2021: $3,642,096Expenses 2021: $3,330,491Net Income 2021: $311,6052021Revenue 2022: $3,812,674Expenses 2022: $3,759,633Net Income 2022: $53,0412022Revenue 2023: $4,208,469Expenses 2023: $4,279,120Net Income 2023: -$70,6512023Revenue 2024: $4,730,885Expenses 2024: $4,798,505Net Income 2024: -$67,6202024Revenue 2025: $5,356,235Expenses 2025: $5,469,129Net Income 2025: -$112,8942025

Highlighted filing

2021

Revenue$3,642,096
Expenses$3,330,491
Net Income$311,605
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 16, 2021
Return Version
2020v4.0
Gross Receipts
$3,660,511
Mission and Program 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,441,124$3,391,615▼ $49,509
Savings and Temporary Cash Investments$833,986$589,892▼ $244,094
Cash and Non-Interest-Bearing Accounts$625,471$492,486▼ $132,985
Investments in Publicly Traded Securities-$249,896-
Prepaid Expenses and Deferred Charges$55,258$52,787▼ $2,471
Pledges and Grants Receivable$15,150$19,074▲ $3,924
Intangible Assets$3,979$3,134▼ $845
Total Assets$4,974,968$4,798,884▼ $176,084
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,101,034$547,783▼ $553,251
Accounts Payable and Accrued Expenses$98,150$163,816▲ $65,666
Total Liabilities$1,199,184$711,599▼ $487,585
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,731,107$4,025,711▲ $294,604
Net Assets With Donor Restrictions$44,677$61,574▲ $16,897
Total Net Assets Fund Balance$3,775,784$4,087,285▲ $311,501
Total Liabilities and Net Assets / Fund Balance$4,974,968$4,798,884▼ $176,084

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,879,640$434,989$3,314,629
Other Land Buildings$125,949$184,392$310,341
Equipment$109,477$192,123$301,600
Land$275,000-$275,000
Leasehold Improvements$1,549$797$2,346

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$833,986-▲ $5,802-$839,788
2019$425,292$400,000▲ $8,694-$833,986
2018$419,629-▲ $5,663-$425,292
2017$417,194-▲ $2,435-$419,629
2016$414,699-▲ $2,495-$417,194
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan E GabrielExecutive DiFT$100,860$5,498$106,358

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,846,332
Program Service Revenue
$0
Investment Income
$5,906
Other Revenue
$789,858
All Other Contributions
$2,532,258
Change in Net Assets
$311,605

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
Food Inventory348,011$598,5791.72 Per Pound
Other Non Cash Contri Table9,999$367,089Retail Cost
Other Non Cash Contri Table1$287,500Loan Forgiveness
Securities Publicly Traded3$24,793Fair Market Value (FMV) Trade Date
Other Non Cash Contri Table1$5,960Blue Book Price Digests
Total Noncash Contributions358,015$1,283,921-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,641,992
Revenue Not Reported on Financial Statements
$104
Revenue Not Reported on Form 990
$2,053
Total Revenue per Audited Statements
$3,644,045
Total Revenue per Form 990
$3,642,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,647,471
Salaries, Compensation, and Employee Benefits$1,585,903
Total Fundraising Expense$332,184
Grants and Similar Amounts Paid$88,329
Professional Fundraising Fees$8,788

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$979,909$46,991$183,452$1,210,352
Depreciation Depletion$129,468$14,853$13,815$158,136
Payroll Taxes$103,258$9,220$19,794$132,272
Occupancy$100,475$9,538$7,493$117,506
Other Employee Benefits$84,323$7,930$16,405$108,658
Current Officers, Directors, Trustees, and Key Employees$59,507$20,172$21,181$100,860
Grants to Domestic Individuals$88,329--$88,329
Office Expenses$40,861$14,203$9,491$64,555
Fees for Services Other$50,201$5,088$8,340$63,629
Insurance$33,652$3,722$3,928$41,302
Interest$31,533$4,010$3,386$38,929
Pension Plan Contributions$25,421$2,969$5,371$33,761
Advertising$14,996$4,021$12,561$31,578
Other Expenses$16,244$1,818$1,536$19,598
Fees for Services Accounting$10,145$1,370$1,090$12,605
All Other Expenses$8,078$2,447-$10,525
Fees for Services Professional Fundraising--$8,788$8,788
Conferences and Meetings$7,362$1,203$35$8,600
Fees for Services Legal$200$796-$996
Total Functional Expenses$2,844,652$153,655$332,184$3,330,491

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,332,544
Expenses per Audited Statements$3,330,491
Total Expenses per Form 990$3,330,491
Expenses Not Reported on Form 990$2,053
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$8,788
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 11B

The organization's board of directors and/or finance committee review the form 990 before it is signed and filed.

Form 990, Page 6, Part VI, Line 12C

Members of the board of directors are required to sign or renew existing conflict of interest policy statements which are kept on file at the organization's office.

Form 990, Page 6, Part VI, Line 15A

The board of directors or compensation committee considers information such as how other similarly situated organizations currently compensate executives in similar situations. The board may review comparability data as part of the annual salary review process if the board has reason to believe the compensation is not reasonably comparable to those in similarly situated organizations.

Form 990, Page 6, Part VI, Line 15B

The board of directors or compensation committee considers information such as how other similarly situated organizations currently compensate key employees in similar situations. The board may review comparability data as part of the annual salary review process if the board has reason to believe the compensation is not reasonably comparable to those in similarly situated organizations.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing instruments and policies available to the public upon written request. Audited financial statements are available upon written request, on the beverly bootstraps community services' website or can be obtained directly from the massachusetts division of public charities website or are available on guidestar or the giving common.

Filing and Contact Details

Filer

Filer Name
Beverly Bootstraps Community
EIN
04-3254507
Phone
9789271561
Address
35 PARK STREET, BEVERLY, MA 01915

Signing Officer

Name
Susan E Gabriel
Title
Executive Director
Phone
9789271561
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan E Gabriel
Formed
1992
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
64
Volunteers
218

Preparer

Firm
Dan Clasby & Company
Address
100 CUMMINGS CENTER SUITE 238C, BEVERLY, MA 01915
Preparer
Daniel E Clasby
Phone
9789229900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 4C

Direct services include client support, adult education, youth and family and tax preparation. Case managers help clients cope with complex and economically challenging situations, find resources and connect to services. Types of assistance include: intake and budget assessment, housing stability, heat and utility resources, access to clothing and goods, and accessing local programs such as fuel assistance. During fy21, 823 clients were assisted. Adult education includes hiset test preparation, english language classes, computer training, adult literacy and job readiness. During fy21, the agency served 38 hiset students (of which 10 graduated), 7 esol students. Youth and family services include seasonal programming such as holiday gifts and back to school supplies. During fy21, 637 children received holiday gifts, and hundreds of backpacks filled with school supplies were distributed. The free tax preparation program provides working low income individuals and families with free tax preparation. During fy21, 329 tax returns were filed resulting in 662,504 refunds to clients; with 146,974 as a direct result of eitc funds. Client support services have been modified to a remote model since march 2020 due to covid-19.

Form 990, Page 2, Part III, Line 4D

The food truck program launched for business in september 2020. Due to the many challenges of covid-19 and some mechanical issues, the business struggled and put on hiatus in january 2021 until covid-19 is less of a factor.

Form 990, Part XI, Line 9

Thrift store purchases 2,053 thrift store purchases -2,053

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Covid relief 400,000 capital reserve 40,000 operating reserve 363,000 earnings for long term investment

Schedule D, Page 4, Part XI, Line 2D

Thrift store purchases 2,053

Schedule D, Page 4, Part XII, Line 2D

Thrift store purchases 2,053

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10VP
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/MissionDesc0BEVERLY 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE THRIFT SHOP SELLS DONATED CLOTHING AND HOUSEHOLD GOODS AT DISCOUNTED PRICES. THE THRIFT SHOP IS A COMMUNITY RESOURCE THAT PROVIDES SHOPPERS WITH MERCHANDISE AT DISCOUNTED PRICES AND DONORS THE OPPORTUNITY TO RECYCLE ITEMS. THE THRIFT SHOP WAS CLOSED FROM MARCH 13, 2020 UNTIL JUNE 17, 2020 DUE TO COVID-19 RESTRICTIONS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DIRECT SERVICES INCLUDE CLIENT SUPPORT, ADULT EDUCATION, YOUTH AND FAMILY AND TAX PREPARATION. CASE MANAGERS HELP CLIENTS COPE WITH COMPLEX AND ECONOMICALLY CHALLENGING SITUATIONS, FIND RESOURCES AND CONNECT TO SERVICES. TYPES OF ASSISTANCE INCLUDE: INTAKE AND BUDGET ASSESSMENT, HOUSING STABILITY, HEAT AND UTILITY RESOURCES, ACCESS TO CLOTHING AND GOODS, AND ACCESSING LOCAL PROGRAMS SUCH AS FUEL ASSISTANCE. DURING FY21, 823 CLIENTS WERE ASSISTED. ADULT EDUCATION INCLUDES HISET TEST PREPARATION, ENGLISH LANGUAGE CLASSES, COMPUTER TRAINING, ADULT LITERACY AND JOB READINESS. DURING FY21, THE AGENCY SERVED 38 HISET STUDENTS (OF WHICH 10 GRADUATED), 7 ESOL STUDENTS. YOUTH AND FAMILY SERVICES INCLUDE SEASONAL PROGRAMMING SUCH AS HOLIDAY GIFTS AND BACK TO SCHOOL SUPPLIES. DURING FY21, 637 CHILDREN RECEIVED HOLIDAY GIFTS, AND HUNDREDS OF BACKPACKS FILLED WITH SCHOOL SUPPLIES WERE DISTRIBUTED. THE FREE TAX PREPARATION PROGRAM PROVIDES WORKING LOW INCOME INDIVIDUALS AND FAMILIES WITH FREE TAX PREPARATION. DURING FY21, 329 TAX RETURNS WERE FILED RESULTING IN 662,504 REFUNDS TO CLIENTS; WITH 146,974 AS A DIRECT RESULT OF EITC FUNDS. CLIENT SUPPORT SERVICES HAVE BEEN MODIFIED TO A REMOTE MODEL SINCE MARCH 2020 DUE TO COVID-19.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE FOOD TRUCK PROGRAM LAUNCHED FOR BUSINESS IN SEPTEMBER 2020. DUE TO THE MANY CHALLENGES OF COVID-19 AND SOME MECHANICAL ISSUES, THE BUSINESS STRUGGLED AND PUT ON HIATUS IN JANUARY 2021 UNTIL COVID-19 IS LESS OF A FACTOR.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.78$0.88$3.90$5.36$5.47$0.11
2024Detailed filing. Detailed filing data is available for this year.$4.89$0.89$4.00$4.73$4.80$0.07
2023Detailed filing. Detailed filing data is available for this year.$4.76$0.71$4.05$4.21$4.28$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.89$0.80$4.10$3.81$3.76$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.80$0.71$4.09$3.64$3.33$0.31
2020Detailed filing. Detailed filing data is available for this year.$4.97$1.20$3.78$3.39$2.99$0.40
2019Detailed filing. Detailed filing data is available for this year.$4.29$0.92$3.38$2.91$2.93$0.02
2018Detailed filing. Detailed filing data is available for this year.$4.65$1.26$3.40$2.93$2.85$0.08
2017Detailed filing. Detailed filing data is available for this year.$5.03$1.72$3.32$2.46$2.78$0.32
2016Detailed filing. Detailed filing data is available for this year.$5.95$2.30$3.65$2.66$2.79$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.94$1.15$3.79$4.90$2.50$2.39
2014Detailed filing. Detailed filing data is available for this year.$1.99$0.59$1.39$2.32$2.18$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.46$1.26$1.99$1.89$0.10
2012Summary only. Only limited summary data is available for this year.$1.60$0.44$1.16$1.69$1.60$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.44$1.07$1.42