2020-04-07T15:33:33-05:00 2019-06-30 471096596 RAFFOL AND COMPANY INC 105 CHESTNUT ST SUITE 11 NEEDHAM MA 02492 990 2018-07-01 042784985 MORE THAN WORDS INC MORE 7817880035 242 EAST BERKELEY STREET NO 2ND FL BOSTON MA 02118 JODI ROSENBAUM TILLINGER CEO 7817880035 2020-02-25 1 KENNETH RAFFOL P00045686 7814444926 50.250.39.97 2020-02-25 10:02:16 ES P 4869E5F49B9973F149F13A18DEB0F85868CD0247 23F16DE1469B14BC1BE11F8982102A8CB5482F56 2018 2020-09-23 17:36:50Z JODI ROSENBAUM TILLINGER 242 EAST BERKELEY STREET NO 2ND FL BOSTON MA 02118 7517166 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. 15 14 370 1138 0 0 6117239 3942699 0 0 -10568 7155 965253 1370562 7071924 5320416 7035 4000 0 0 3169586 4171242 0 0 424245 1499453 1801827 4676074 5977069 2395850 -656653 16245248 14685636 9065064 8176838 7180184 6508798 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 5035134 4000 1418380 YOUTH EARN A JOB MANAGING OUR ONLINE, RETAIL, POP-UP, AND WHOLESALE BOOKSELLING BUSINESSES THAT GENERATE OVER $3.3M IN GROSS SALES, WHILE DEVELOPING CRITICAL SKILLS AND WORK EXPERIENCE. THEY ALSO HAVE A SECOND JOB - THEIR "YOU" JOB - WHERE THEY RECEIVE INTENSIVE CASE MANAGEMENT TO WORK TOWARDS PERSONAL GOALS. TWO YEARS OF CONTINUED SUPPORT IN THE GRADUATE PROGRAM HELP YOUTH TRANSITION TO OTHER JOBS AND PERSIST IN EDUCATION. IN FY19 MTW SERVED 361 TOTAL YOUTH, UP 25% FROM THE PREVIOUS YEAR. MTW HAS SHOWN THAT THIS MODEL WORKS FOR SYSTEM-INVOLVED YOUTH TO ACHIEVE MEASURABLE OUTCOMES IN EDUCATION, WORK, AND LIFE. OUR YOUTH PERSIST IN EARNING THEIR HIGH SCHOOL DIPLOMA OR EQUIVALENT BOTH DURING THEIR TIME IN THE CORE SOCIAL ENTERPRISE PROGRAM, AND AS THEY TRANSITION INTO THE GRADUATE PROGRAM. OUR DATA SHOWS THAT IN FY19, 91% OF OUR YOUTH AND GRADUATES EITHER HAD, EARNED, OR ARE ON TRACK TO EARN THIS IMPORTANT CREDENTIAL. WE ALSO KNOW THAT OUR YOUTH TRANSITION FROM MTW AND ARE ABLE TO OBTAIN AND RETAIN EMPLOYMENT. IN FY19:*83% OF YOUTH IN OUR GRADUATE PROGRAM WORKED IN A FULL OR PART-TIME JOB, DEMONSTRATING THEY KNOW HOW TO GET UP EACH DAY AND STAY BUSY AND STICK-WITH-IT. 49% WERE PURSUING POST-SECONDARY EDUCATION GOALS.*OF THE GRADUATES WHO WORKED: 87% HELD A JOB FOR 3+ MONTHS AND 65% HELD A JOB FOR 6+ MONTHS.*80% OF GRADUATES WERE PRODUCTIVELY ENGAGED OVER 30 HOURS PER WEEK IN WORK AND/OR SCHOOL, AND AN ASTONISHING 43% OF OUR YOUTH SPENT AT LEAST 45 HOURS PER WEEK ON WORK AND/OR SCHOOL AS THEY WORK TO MOVE THEIR LIVES FORWARD.*AS AN ADDITIONAL POSITIVE TO OUR SOCIAL ENTERPRISE, OUR YOUTH RUN BUSINESSES SOURCED 4 MILLION BOOKS AND DIVERTED THEM AWAY FROM LANDFILLS WITH COMMUNITY SUPPORT.EXPANSION: MORE THAN WORDS HAS JUST COMPLETED A MAJOR EXPANSION, GROWING OUR BOSTON SITE TO SERVE MORE YOUNG PEOPLE, EXPAND OUR YOUTH-RUN BUSINESS, AND CREATE ROOM FOR BUSINESS AND PROGRAM INNOVATION. THIS EXPANSION IS FUNDED BY A COMPREHENSIVE GROWTH CAMPAIGN SUPPORTING PHYSICAL RENOVATIONS AND BRIDGE CAPACITY BUILDING FROM FY17-FY21. 5035134 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 370 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X KENNETH BURNES TREASURER 7817880035 242 EAST BERKELEY STREET 2ND FLOOR BOSTON MA 02118 JODI ROSENBAUM TILLINGER CEO 40.00 X X 101640 0 3000 ELIZABETH MARCH CHAIR 2.00 X X 0 0 0 MIKE MCCULLOUGH DIRECTOR 2.00 X 0 0 0 BARBARA BERKE SECRETARY 2.00 X X 0 0 0 JEFFERSON MACKLIN DIRECTOR 2.00 X 0 0 0 RITA GERMAN DIRECTOR 2.00 X 0 0 0 ERIC GROVES DIRECTOR 2.00 X 0 0 0 JOHN CHORY DIRECTOR 2.00 X 0 0 0 GAIL GARINGER DIRECTOR 2.00 X 0 0 0 JIM SLOMAN DIRECTOR 2.00 X 0 0 0 CHRISTOPHER CASGAR DIRECTOR 2.00 X 0 0 0 KENNETH BURNES TREASURER 2.00 X X 0 0 0 CHRISTOPHER FARRINGTON DIRECTOR 2.00 X 0 0 0 MARK TOUHEY DIRECTOR 2.00 X 0 0 0 MALLI GERO DIRECTOR 2.00 X 0 0 0 CONAN HARRIS DIRECTOR THRU 5/1/19 2.00 X 0 0 0 NATANJA CRAIG DIRECTOR 12/28/19 THRU 6/1/19 2.00 X 0 0 0 101640 0 3000 1 0 0 0 CRANSHAW CONSTRUCTION 2310 WASHINGTON ST NEWTON LOWER FALLS MA 02462 CONSTRUCTION CONTRACTOR 2725571 DHL 1200 SOUTH PINE ISLAND ROAD STE 60 PLANTATION FL 33324 DELIVERY SERVICE 772488 FRANKLIN FIXTURES LLC 621 MAXWELL STREET COOKEVILLE TN 38501 CUSTOM CONSTRUCTION CONTRACTOR 143621 ECRATCHIT 2 SHARP ST HINGHAM MA 02043 ACCOUNTING/CFO SERVICES 116322 4 442788 866028 2633883 13229 3942699 1174 1174 152344 146363 5981 5981 5981 70275 442788 118093 -47818 -47818 3317500 1932294 1385206 1385206 DAMAGE REIMBURSEMENT FROM LANDLOR 713910 32445 32445 OTHER INCOME 713910 729 729 33174 5320416 1418380 0 -40663 4000 4000 107943 35981 35981 35981 3517099 3182684 163383 171032 45317 37269 4414 3634 194538 141675 32778 20085 306345 275192 14782 16371 121344 121344 131395 125580 5197 618 72891 415 855 71621 39932 33256 3653 3023 840410 713170 62416 64824 7546 6646 756 144 6938 6938 209128 174359 18921 15848 66211 56187 4917 5107 SUPPLIES 127580 118187 6321 3072 VEHICLE EXPENSE 80003 79913 90 DUES AND SUBSCRIPTIONS 37759 13012 11958 12789 EVALUATION 17654 17654 43036 19954 22986 96 5977069 5035134 517690 424245 589747 591239 1353440 1922515 2688121 948300 316358 260013 20361 97423 75648 4312085 674601 3431165 3637484 33300 29298 7688587 7162528 47107 38250 16245248 14685636 968133 552639 12241 8096931 7611958 9065064 8176838 X 1384320 4667460 5795864 1841338 7180184 6508798 16245248 14685636 -656653 -14733 0 X 0 1 X 1 0 X 2064775 2926318 5824207 6117239 3942699 20875238 1017627 1634576 2140893 2538555 3317500 10649151 3082402 4560894 7965100 8655794 7260199 31524389 611934 1384074 3267806 2419692 920521 8604027 0 611934 1384074 3267806 2419692 920521 8604027 22920362 1243 1402 1608 2015 1174 7442 1243 1402 1608 2015 1174 7442 9054 1550 734 8486 33174 52998 3092699 4563846 7967442 8666295 7294547 31584829 0.72570 0.69310 0.00020 0.03000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: INSURANCE REIMBURSEMENT - 2014 AMOUNT: $ 9,054. 2017 AMOUNT: $ 8,486. OTHER INCOME - 2015 AMOUNT: $ 1,550. 2016 AMOUNT: $ 734. 2018 AMOUNT: $ 729. DAMAGE REIMB FROM LANDLORD - 2018 AMOUNT: $ 32,445. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3328559 159583 3168976 983526 515018 468508 3637484 LEASE LIABILITIES 7611958 7611958 X 7237977 -14733 -14733 7252710 -1932294 -1932294 5320416 7909363 1932294 1932294 5977069 0 5977069 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE DISCLOSURES IN THESE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD MORE THAN BREAKFAST 107200 104525 2675 6318 18557 BOSTON CORP FIN COMMUNITY FUND RSR 405863 338263 67600 70446 22772 513063 442788 70275 76764 41329 118093 -47818 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 FALL OF 2019. 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.