Civic Intelligence

The Boston Higher Education Resource Center Inc

990 • Fiscal year 2021 • EIN 82-3215739

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 19, 2021

62 Northampton StreetBoston, MA 02118

(617) 221-6495

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.04x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

62nd percentile

20%

Higher net margin than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

81st percentile

45%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

26%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$408,705

Up $126,339 (+45%) from 2020

Net Assets

Up

$373,618

Up $183,162 (+96%) from 2020

Liabilities

Down

$35,087

Down $56,823 (-62%) from 2020

Revenue

Up

$909,137

Up $190,262 (+26%) from 2020

Expenses

Up

$725,975

Up $79,683 (+12%) from 2020

Net Income

Up

$183,162

Up $110,579 (+152%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $120,832Liabilities 2019: $2,959Net Assets 2019: $117,8732019Assets 2020: $282,366Liabilities 2020: $91,910Net Assets 2020: $190,4562020Assets 2021: $408,705Liabilities 2021: $35,087Net Assets 2021: $373,6182021Assets 2022: $640,530Liabilities 2022: $37,959Net Assets 2022: $602,5712022Assets 2023: $1,221,253Liabilities 2023: $103,835Net Assets 2023: $1,117,4182023Assets 2024: $1,044,207Liabilities 2024: $48,569Net Assets 2024: $995,6382024Assets 2025: $1,525,550Liabilities 2025: $64,887Net Assets 2025: $1,460,6632025

Highlighted filing

2021

Assets$408,705
Liabilities$35,087
Net Assets$373,618

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2019: $664,050Expenses 2019: $615,555Net Income 2019: $48,4952019Revenue 2020: $718,875Expenses 2020: $646,292Net Income 2020: $72,5832020Revenue 2021: $909,137Expenses 2021: $725,975Net Income 2021: $183,1622021Revenue 2022: $1,006,493Expenses 2022: $777,540Net Income 2022: $228,9532022Revenue 2023: $1,513,275Expenses 2023: $998,428Net Income 2023: $514,8472023Revenue 2024: $1,103,968Expenses 2024: $1,225,748Net Income 2024: -$121,7802024Revenue 2025: $1,981,277Expenses 2025: $1,505,039Net Income 2025: $476,2382025

Highlighted filing

2021

Revenue$909,137
Expenses$725,975
Net Income$183,162
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 19, 2021
Return Version
2020v4.0
Gross Receipts
$909,137
Mission and Program Overview

Mission

The Boston Higher Education Resource Center equips first generation youth to obtain a higher education, break the cycle of poverty, and become agents of change in their communities.

The boston higher education resource center equips first generation youth to obtain a higher education, break the cycle of poverty, and become agents of changes in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$244,451$339,346▲ $94,895
Accounts Receivable$31,420$63,281▲ $31,861
Land, Buildings, and Equipment, Net-$3,621-
Prepaid Expenses and Deferred Charges$6,495$2,457▼ $4,038
Total Assets$282,366$408,705▲ $126,339
Liabilities
Mortgage Notes Payable Secured by Investment Property$68,408--
Accounts Payable and Accrued Expenses$23,502$35,087▲ $11,585
Total Liabilities$91,910$35,087▼ $56,823
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$190,456$338,618▲ $148,162
Net Assets With Donor Restrictions-$35,000-
Total Net Assets Fund Balance$190,456$373,618▲ $183,162
Total Liabilities and Net Assets / Fund Balance$282,366$408,705▲ $126,339

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,621$458$4,079
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$773,017
Program Service Revenue
$136,120
Investment Income
$0
Other Revenue
$0
All Other Contributions
$704,609
Change in Net Assets
$183,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$909,137
Total Revenue per Audited Statements
$909,137
Total Revenue per Form 990
$909,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$599,163
Other Expenses$126,812
Total Fundraising Expense$71,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,291$58,040$58,040$489,371
Office Expenses$58,543$7,069$100$65,712
Other Employee Benefits$47,648$7,408$7,408$62,464
Payroll Taxes$36,102$5,613$5,613$47,328
Fees for Services Accounting$7,197$12,856-$20,053
Insurance-$5,147-$5,147
All Other Expenses$1,161$3,128$27$4,316
Other Expenses$2,068$365-$2,433
Fees for Services Other$650$1,161-$1,811
Depreciation Depletion$543--$543
Conferences and Meetings$486--$486
Travel$60$63-$123
Total Functional Expenses$545,591$109,196$71,188$725,975

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$725,975
Total Expenses per Audited Statements$725,975
Total Expenses per Form 990$725,975
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mark SnyderDirectorContributionNo-
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 2

Samuel acevedo rev. Dr. Roberto miranda exec. Direct president brothers in law

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the organization's board of directors before it was filed.

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

The organization annually monitors and enforces compliance with its conflict of interest policy.

Form 990, Page 6, Part VI, Line 19

Through attorney general's website for the commonwealth of massachusetts and upon request.

Filing and Contact Details

Filer

Filer Name
The Boston Higher Education
EIN
82-3215739
Phone
6172216495
Address
62 NORTHAMPTON STREET, BOSTON, MA 02118
Doing Business As
Boston Herc

Signing Officer

Name
Samuel Acevedo
Title
Executive Director
Phone
6172216495
Signed
2021-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Acevedo
Formed
2018
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
13
Volunteers
35

Preparer

Firm
Mocera Hamlin Associates Cpas Llp
Address
184 PLEASANT VALLEY ST STE 2-204A, METHUEN, MA 01844-5853
Preparer
James J Mocera CPA
Phone
9782918500
Supplemental Narrative

Additional Explanations

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

DEPRECIATION EXPENSE

Financial Statement Notes

Schedule D, Page 3, Part X

Income taxes are accounted for in accordance with the accounting standards codification topic 740 "income taxes" (asc 740). The organization accounts for uncertain income tax positions under asc 740. Asc 740 prescribes a recognition threshold and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on de-recognition, classification, interest and penalties, disclosure and transition. As of june 30, 2021, the organization had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under asc 740. The organization's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended june 30, 2021.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES ARE ACCOUNTED FOR IN ACCORDANCE WITH THE ACCOUNTING STANDARDS CODIFICATION TOPIC 740 "INCOME TAXES" (ASC 740). THE ORGANIZATION ACCOUNTS FOR UNCERTAIN INCOME TAX POSITIONS UNDER ASC 740. ASC 740 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2021, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS AND NO ADJUSTMENTS TO LIABILITIES OR OPERATIONS WERE REQUIRED UNDER ASC 740. THE ORGANIZATION'S PRACTICE WAS AND CONTINUES TO BE TO RECOGNIZE INTEREST AND PENALTY EXPENSES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE, WHICH WERE ZERO FOR THE YEAR ENDED JUNE 30, 2021.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SAMUEL ACEVEDO REV. DR. ROBERTO MIRANDA EXEC. DIRECT PRESIDENT BROTHERS IN LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ANNUALLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THROUGH ATTORNEY GENERAL'S WEBSITE FOR THE COMMONWEALTH OF MASSACHUSETTS AND UPON REQUEST.
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IRS990/USAddress/AddressLine1Txt062 NORTHAMPTON STREET
IRS990/USAddress/CityNm0BOSTON
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SAMUEL ACEVEDO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06172216495
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BOSTON HIGHER EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RESOURCE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0BOST
ReturnHeader/Filer/EIN0823215739

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