2023-05-11T12:23:10-05:00 2022-06-30 471096596 RAFFOL AND COMPANY INC 105 CHESTNUT ST SUITE 11 NEEDHAM MA 02492 990 2021-07-01 042784985 MORE THAN WORDS INC MORE 7817880035 242 EAST BERKELEY STREET 2ND FL BOSTON MA 02118 JODI ROSENBAUM CEO 7817880035 2023-05-11 1 JODI ROSENBAUM 999009999 JONATHAN VITALE P01922134 7814444926 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JODI ROSENBAUM 242 EAST BERKELEY STREET 2ND FL BOSTON MA 02118 10346030 0 X HTTP://MTWYOUTH.ORG/ X 1983 MA 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. 14 13 330 175 0 0 5318927 7147956 0 0 -28591 5987 1169383 825277 6459719 7979220 4000 0 0 0 4230062 4795566 0 0 494276 2070146 2536813 6304208 7332379 155511 646841 15091779 15482688 7076741 6726977 8015038 8755711 X 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. 0 0 6068019 848131 MORE THAN WORDS INC., (MTW) 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: 50% ARE INVOLVED IN THE FOSTER CARE SYSTEM, 25% ARE COURT-INVOLVED, AND 30% ARE HOMELESS. OVER THE PAST 19 YEARS, MTW HAS DEVELOPED AND REFINED A MODEL THAT CONSISTENTLY EMPOWERS YOUTH TO ACHIEVE MEASURABLE OUTCOMES IN EDUCATION, WORK, AND LIFE.AT MTW, YOUTH EARN A JOB MANAGING EVERY FACET OF A $3M+ BUSINESS, DEVELOPING VALUABLE, TRANSFERABLE SKILLS APPROXIMATELY 20 HOURS/WEEK. YOUTH SOURCE USED BOOKS AND CLOTHING ITEMS, SELL THEM ONLINE AND IN TWO RETAIL STORES, AND RUN A FLEXIBLE EVENT SPACE. THEY ALSO HOLD A SECOND, EQUALLY IMPORTANT YOU JOB, IN WHICH THEY RECEIVE INTENSIVE CASE MANAGEMENT TO WORK TOWARDS PERSONAL GOALS. TWO YEARS OF CONTINUED SUPPORT IN THE CAREER SERVICES PROGRAM HELP YOUTH TRANSITION TO OTHER JOBS AND PERSIST IN EDUCATION. THROUGH THIS TRANSFORMATIVE PROGRAM, WE BUILD UP THE SELF-EFFICACY OF OUR YOUNG PEOPLE. 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 314 YOUTH. 67% OF GRADUATES WERE PRODUCTIVELY ENGAGED IN SCHOOL AND/OR WORK OVER 30 HOURS/WEEK AND 92% OF YOUTH EITHER HAD EARNED OR WERE ON TRACK TO EARN THEIR HIGH SCHOOL DIPLOMA OR HISET. 6068019 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 330 1 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA AL AR CA FL GA HI IL KS KY MD MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI DC X MIKE MCCULLOUGH TREASURER 7817880035 242 EAST BERKELEY STREET 2ND FLOOR BOSTON MA 02118 JODI ROSENBAUM CEO 40.00 X X 121008 0 3508 JOHN CHORY CHAIR 2.00 X X 0 0 0 BARBARA BERKE VICE CHAIR AND CLERK 2.00 X X 0 0 0 JEFFERSON MACKLIN DIRECTOR 2.00 X 0 0 0 MARK TOUHEY DIRECTOR 2.00 X 0 0 0 CHRIS CASGAR DIRECTOR 2.00 X 0 0 0 GAIL GARINGER DIRECTOR 2.00 X 0 0 0 CHRISTOPHER FARRINGTON DIRECTOR 2.00 X 0 0 0 MIKE MCCULLOUGH TREASURER 2.00 X X 0 0 0 RITA GERMAN DIRECTOR 2.00 X 0 0 0 MOSAAB ELHASSAN DIRECTOR 2.00 X 0 0 0 SAM CHAMBERS DIRECTOR 2.00 X 0 0 0 RENEE CHAN DIRECTOR 2.00 X 0 0 0 LORNA SABBIA DIRECTOR 2.00 X 0 0 0 JENNIFER HERBERT COO 40.00 X 121724 0 11357 SHAUN NEWELL CHIEF OF SOCIAL ENTERPRISE 40.00 X 121966 0 3308 NOAH SCHECTMAN CHIEF LEARNING OFFICER 40.00 X 107336 0 11006 NAOMI PARKER CHIEF ADVANCEMENT OFFICER 40.00 X 103766 0 25451 MARCELLA RAINES CHIEF ADVOC & COM ENG OFF. 40.00 X 102227 0 25451 678027 0 80081 6 0 0 0 DHL 1200 SOUTH PINE ISLAND ROAD STE 60 PLANTATION FL 33324 DELIVERY SERVICE 925742 GENTLE GIANT MOVING CO 7 MCKAY AVENUE 2ND FLOOR WINCHESTER MA 01890 MOVING/STORAGE EXPENSE 152313 ECRATCHIT 2 SHARP STREET HINGHAM MA 02043 ACCOUNTING/CFOSERVICES 146216 3 345590 2476066 4326300 311438 7147956 3429 3429 76104 73546 2558 2558 2558 39800 345590 62654 -22854 -22854 3057911 2230610 827301 827301 COVID RELATED PAYROLL TAX CREDITS 624100 20139 20139 OTHER INCOME 624100 691 691 20830 7979220 848131 0 -16867 141933 47311 47311 47311 3980181 3566793 213314 200074 47461 42847 2477 2137 264935 218998 20486 25451 361056 321133 18393 21530 190417 190417 237915 140476 86453 10986 59477 21 59456 69610 59161 5361 5088 966764 821647 74460 70657 6743 6462 164 117 348899 293416 30251 25232 76761 65239 5912 5610 SUPPLIES 208272 198470 9011 791 SUBCONTRACTOR 154000 154000 DUES AND SUBSCRIPTIONS 73653 21894 31923 19836 VEHICLE EXPENSE 60173 60173 84129 49978 34151 7332379 6068019 770084 494276 947076 1781043 3403182 3656502 999880 660880 393278 657664 37301 157704 96245 117060 4596980 1668151 3121863 2928829 6062026 5495739 30928 27267 15091779 15482688 468193 680931 35825 28727 6572723 6017319 7076741 6726977 X 7166517 7323678 848521 1432033 8015038 8755711 15091779 15482688 X 646841 93832 X 0 1 X 1 0 X 6117239 3942699 6258506 5318927 7147956 28785327 2538555 3317500 3648488 3455318 3057911 16017772 8655794 7260199 9906994 8774245 10205867 44803099 2419692 920521 1403950 749766 1707521 7201450 102340 97778 5750 205868 2419692 1022861 1501728 755516 1707521 7407318 37395781 2015 1174 1066 3965 3429 11649 2015 1174 1066 3965 3429 11649 8486 33174 33560 27076 20830 123126 8666295 7294547 9941620 8805286 10230126 44937874 0.83220 0.78720 0.00030 0.00020 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT - 2017 AMOUNT: $ 8,486. OTHER INCOME - 2018 AMOUNT: $ 729. 2019 AMOUNT: $ 2,075. 2020 AMOUNT: $ 27,076. 2021 AMOUNT: $ 691. DAMAGE REIMB FROM CONTRACTOR - 2018 AMOUNT: $ 32,445. 2019 AMOUNT: $ 16,485. EBAY AWARD - 2019 AMOUNT: $ 15,000. COVID RELATED PAYROLL TAX CREDITS - 2021 AMOUNT: $ 20,139. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1148 5198 6346 7326033 7332379 516619 129155 0 0 516619 516619 774929 6346 6346 129155 129155 193733 1148 1148 3517599 901414 2616185 1079381 766737 312644 0 2928829 LEASE LIABILITIES 6017319 6017319 10276855 67025 67025 10209830 -2230610 -2230610 7979220 9630014 67025 67025 9562989 -2230610 -2230610 7332379 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD MORE THAN DESERT 86390 86390 20250 BOSTON CORP FIN COMMUNITY FUND RSR 299000 259200 39800 42404 385390 345590 39800 62654 62654 -22854 X 221063 THRIFT SHOP VALUE X 11827 THRIFT SHOP VALUE X 2 73548 FAIR MARKET VALUE X GIFT CARDS 1 5000 GIFT CARD FACE VALUE 0 0 0 PART I, COLUMN (B): THE INFORMATION REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED 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 15A THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE CEO, BASED ON PERFORMANCE REVIEW AS WELL AS REVIEW OF COMPARABLE SALARY DATA FROM SIMILAR ORGANIZATIONS. THE PROCESS WAS LAST UNDERTAKEN DURING THE JANUARY 2022. THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER INDIVIDUALS MEETING THE DEFINITION OF AN OFFICER OR KEY EMPLOYEE. 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. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING ESTIMATE - DONATED INVENTORY VALUE BEGINNING OF YEAR 93,832.