2020-02-13T10:45:24-06:00 2019-08-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2018-09-01 237281887 NEADS INC NEAD 9784229064 PO BOX 1100 PRINCETON MA 01541 GERRY DEROCHE CEO 9784229064 2020-02-06 1 BARBARA E KING P00005629 5087557107 2020-02-06 71.11.10.178 2020-02-06 09:50:32 ES P 64432D711FB15956711E4C65431FA5934A26B8F4 954A65DB1995863A37271E4766999F33303993D7 2018 2020-11-06 18:47:13Z GERRY DEROCHE PO BOX 1100 PRINCETON MA 01541 4981499 0 X WWW.NEADS.ORG X 1972 MA NEADS TRAINS PURCHASED PUPPIES, BRED PUPPIES AND RESCUED DOGS TO ASSIST PEOPLE WHO ARE DEAF OR DISABLED, IN LIVING MORE INDEPENDENT LIVES AT HOME, IN SCHOOL AND AT WORK. 14 14 49 150 0 0 3055914 3844908 0 0 79868 229552 -4643 5053 3131139 4079513 0 0 0 0 1696162 1833201 0 0 217458 1085756 1214634 2781918 3047835 349221 1031678 8362109 9135653 523250 397043 7838859 8738610 X NEADS' SERVICE DOGS PROVIDE LIFE-CHANGING INDEPENDENCE, COMPANIONSHIP, AND CONNECTION TO PEOPLE WITH A DISABILITY. WITH A DEDICATED STAFF AND ENTHUSIASTIC VOLUNTEERS, NEADS CAREFULLY MATCHES CLIENTS WITH THE RIGHT DOG AND PROVIDES ONGOING SUPPORT DURING THEIR ENTIRE RELATIONSHIP. NEADS HAS LED THE INDUSTRY SINCE ITS INCEPTION, MATCHING OVER 1,800 EXPERTLY TRAINED SERVICE DOGS WITH PEOPLE WHO NEED THEM. 0 0 2505556 40835 DOG AND CLIENT TRAINING - NEADS DOGS ARE TRAINED TO PERFORM AND BEHAVE OBEDIENTLY THROUGH THE USE OF POSITIVE REINFORCEMENT AND CLEAR LEADERSHIP. NEADS DOGS ARE TAUGHT A LIST OF CORE COMMANDS AND THEY FOLLOW A BASIC TRAINING SCHEDULE THROUGHOUT PUPPYHOOD. 90 -95% OF NEADS PUPPIES ARE TRAINED IN CORRECTIONAL FACILITIES IN MASSACHUSETTS AND RHODE ISLAND. UNDER THE GUIDANCE OF NEADS STAFF, PRISON INMATES ARE ABLE TO PROVIDE CONSISTENT TRAINING AT A HIGH LEVEL. TO ENSURE THAT THE PUPPIES HAVE A FULL RANGE OF EXPERIENCES,PUPPIES SPEND THEIR WEEKENDS AT A VOLUNTEER'S HOME AND FOLLOW A CURRICULUM THAT INCLUDES CAR RIDES,TRAFFIC, BUS STATIONS, MOVIE THEATERS, RESTAURANTS, GROCERY STORES, AND ALL THE TYPICAL EXPERIENCES OF LIFE. ONCE A DOG IS NEARING COMPLETION OF THE PROGRAM AND IS MATCHED WITH A SPECIFIC CLIENT, THE DOG'S TRAINING IS TAILORED TO THE CLIENT'S UNIQUE NEEDS. MOST IMPORTANTLY,WE RAISE AND TRAIN THE PERFECT WORKING PARTNER FOR EACH OF OUR CLIENTS. NEADS TRAINS THE WIDEST RANGE OF SERVICE DOGS IN THE UNITED STATES. HEARING DOGS ALERT HUMAN PARTNERS TO THE SOURCE OF A SOUND; SERVICE DOGS FOR ADULTS AND CHILDREN PERFORM EVERYDAY TASKS LIKE PICKING UP DROPPED ITEMS, OPENING DOORS, AND MORE; SOCIAL DOGS HELP A CHILD ON THE AUTISM SPECTRUM FEEL CALMER AND MORE CONFIDENT; SERVICE DOGS FOR THE CLASSROOM, THERAPY AND MINISTRY DOGS ENGAGE AND INSPIRE A PRACTITIONER'S COMMUNITY. OUR SERVICE DOGS FOR VETERANS PROGRAM IS DESIGNED TO HELP THE GROWING POPULATION OF WOUNDED VETERANS.ONCE A DOG AND CLIENT HAVE BEEN MATCHED, NEADS CLIENTS LIVE ON OUR CAMPUS FOR 1-2 WEEKS LEARNING HOW TO WORK WITH THEIR NEW SERVICE DOG. APPROXIMATELY 50-55 CLIENTS GRADUATE THROUGH OUR PROGRAM EACH YEAR. CLASSES INCLUDE ACTIVE HANDS-ON EXERCISES WITH THE DOG, TRIPS INTO TOWN RESTAURANTS AND MALLS, AND SIT-DOWN CLASSES IN SUBJECTS SUCH AS HEALTH RECORDS, FIRST AID, GROOMING AND PUBLIC ACCESS. MOST CLASSES ARE TAUGHT BY THE INSTRUCTOR WHO HAS OVERSEEN THE DOG'S TRAINING AND WHO MATCHED THE DOG WITH THE CLIENT. EACH CLIENT MUST SUCCESSFULLY COMPLETE THE TRAINING SCHEDULE AND ALSO RECEIVE A PASSING SCORE ON THE ASSISTANCE SERVICE DOGS INTERNATOINAL PUBLIC ACCESS TEST TO GRADUATE AND LEAVE CAMPUS WITH THE SERVICE DOG. CLIENTS ARE SUPPORTED IN A VARIETY OF WAYS BY NEADS FOR THE SERVICE LIFE OF THEIR DOGS. 2505556 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 49 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA CA CT FL GA IL IA ME MD MI MN MO MT NH NJ NY NC OH OR PA RI TX UT VA WA DC WI X X THE ORGANIZATION 9784229064 305 REDEMPTION ROCK TRAIL SOUTH PRINCETON MA 01541 MARY CASEY DIRECTOR 2.00 X 0 0 0 TINA CANTU VICE CHAIR 2.00 X X 0 0 0 CLAIRE THOMAS DIRECTOR 2.00 X 0 0 0 JAMES HICKS DIRECTOR 2.00 X 0 0 0 CAROL KRAUSS DIRECTOR 2.00 X 0 0 0 KELLY MAGNUSON CLERK 2.00 X X 0 0 0 SCOTT NOTARGIACOMO CHAIR 2.00 X X 0 0 0 TINA RICE DIRECTOR 2.00 X 0 0 0 LAURA MCTAGGART DIRECTOR 2.00 X 0 0 0 PAUL JORNET DIRECTOR 2.00 X 0 0 0 CHRISTINE PELLETIER DIRECTOR 2.00 X 0 0 0 GRAHAM CHEVRY TREASURER 2.00 X X 0 0 0 ABBEY HENDERSON DIRECTOR 2.00 X 0 0 0 BARBARA GOULD DIRECTOR 2.00 X 0 0 0 GERRY DEROCHE CEO 40.00 X 175000 0 0 175000 0 0 1 0 1 0 0 62743 100814 587568 3093783 171802 3844908 73956 73956 949160 793564 155596 155596 155596 47710 100814 83492 -35782 -35782 42234 24930 17304 17304 MISC INCOME 900099 23531 23531 23531 4079513 40835 0 193770 175000 122500 35000 17500 1420718 1141496 171877 107345 7101 5624 921 556 96453 76402 12505 7546 133929 106088 17363 10478 20585 20585 180796 135353 35866 9577 68319 47332 2248 18739 76094 60276 9865 5953 124434 114583 1231 8620 30506 26847 324 3335 24260 24260 11982 11982 189635 174465 1896 13274 43066 37511 3794 1761 SUPPLIES 139937 139937 PURCHASES OF DOGS 116161 116161 VETERINARY FEES 112949 112949 MOTOR VEHICLE EXPENSES 27275 27275 48635 24515 11346 12774 3047835 2505556 324821 217458 5853 34341 1167933 820788 30000 139000 3403 4393 56632 14322 7257435 2222379 3933816 5035056 3053202 2975131 111270 112622 8362109 9135653 301876 245262 221374 151781 523250 397043 X 5227220 6544061 2218733 1801643 392906 392906 7838859 8738610 8362109 9135653 1031678 -131927 0 X 0 1 X 1 0 X 2448605 1974295 2727000 3055914 3844908 14050722 363897 363793 364069 32623 42234 1166616 2812502 2338088 3091069 3088537 3887142 15217338 15235 16900 11071 17322 7677 68205 0 15235 16900 11071 17322 7677 68205 15149133 314961 63650 64754 86570 73956 603891 314961 63650 64754 86570 73956 603891 3127463 2401738 3155823 3175107 3961098 15821229 0.95750 0.95260 0.03820 0.04140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 766 0 0 766 0 PART II-B, LINE 1: ONE PAID STAFF WORKED WITH THE OFFICE OF NEADS AND MASSACHUSETTS HOUSE OF REPRESENTATIVES TO ADVANCE THE MASSACHUSETTS FAKE SERVICE DOG BILL. ONE PAID PLUS TWO VOLUNTEERS TESTIFIED BEFORE COMMITTEE TO ADVANCE THIS BILL. ONE PAID STAFF MET WITH HOUSE JUDICIARY TO ADVANCE THIS BILL. TWO PAID STAFF WERE INTERVIEWED BY LOCAL AND NATIONAL MEDIA OUTLETS. 5 VOLUNTEERS PROMOTED THIS PROJECT. TWO PAID STAFF WORKED WITH THE OFFICE OF NEADS AND MASSACHUSETTS HOUSE OF REPRESENTATIVES TO ADVANCE SERVICE DOGS FOR VETERANS BILL 1482584 1438 35220 151455 1367787 1343329 192931 75869 129545 1482584 1880407 91029 91453 719560 1343329 1749462 116597 134348 120000 1880407 2153934 -184472 220000 1749462 0.71270 0.28730 0 0 172890 172890 6084861 1546615 4538246 864789 675764 189025 134895 134895 5035056 3997767 -131927 70766 -61161 4058928 20585 20585 4079513 3098016 70766 70766 3027250 20585 20585 3047835 PART V, LINE 4: NEADS ENDOWMENT CONSISTS OF INDIVIDUAL DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY NEADS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED OR LEGAL RESTRICTIONS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NEADS CLASSIFIES AS DONOR RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED AS NON-EXPENDABLE NET ASSETS IS CLASSIFIED AS EXPENDABLE NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY NEADS IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY STATE LAW. IN ACCORDANCE WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, NEADS MAY CONSIDER THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND; THE PURPOSES OF NEADS AND THE DONOR-RESTRICTED ENDOWMENT FUND; GENERAL ECONOMIC CONDITIONS; THE POSSIBLE EFFECT OF INFLATION AND DEFLATION; THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS; OTHER RESOURCES OF NEADS; AND THE INVESTMENT POLICIES OF NEADS. NEADS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS BOARD-DESIGNATED AND OTHER ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR ITS PROGRAMS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. UNDER THIS POLICY, AS APPROVED BY THE BOARD, THE ENDOWMENT ASSETS ARE INVESTED IN A PORTFOLIO OF DEBT AND EQUITY SECURITIES WITH THE OBJECTIVE OF ACHIEVING LONG-TERM CAPITAL APPRECIATION WHILE MODERATING THE LEVEL OF INVESTMENT RISK. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, NEADS RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST, DIVIDENDS AND NET RENTAL INCOME). NEADS HAS INVESTED IN DEBT AND EQUITY SECURITIES THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. NEADS HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH QUARTER ACTUAL INCOME PLUS REALIZED AND UNREALIZED GAINS. IN ESTABLISHING THIS POLICY, NEADS CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH NEADS' OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR IMPOSED RESTRICTIONS REQUIRE NEADS TO RETAIN AS A FUND OF PERPETUAL DURATION. NEADS MAY APPROPRIATE FOR EXPENDITURE FROM THESE UNDERWATER ENDOWMENT FUNDS IN ACCORDANCE WITH THE PRUDENT MEASURES PRESCRIBED BY STATE LAW. THERE WERE NO SUCH DEFICIENCIES AS OF AUGUST 31, 2019. FORE PAWS GOLF TOURNAMENT 13871 2171 11700 2171 14319 GET DRESSED. GIVE BACK. 97059 61049 36010 12043 42933 2 37594 37594 12026 148524 100814 47710 14214 69278 83492 -35782 0 0 0 0 0 0 0 0 0 GERRY DEROCHE CEO 175000 0 0 0 0 0 0 0 0 0 175000 0 0 0 X DOG FOOD AND SUPPLIES 1 157588 COST X AUCTION ITEMS 25 14214 COMPARABLE SALES 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CEO INITIALLY, FOLLOWED BY THE TREASURER AND THE FINANCE COMMITTEE. THE 990 IS THEN REVIEWED AND APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY IN ORDER TO ENSURE THAT THE ORGANIZATION'S BOARD OF DIRECTORS, OFFICERS, AND EMPLOYEES ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING IT. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS PEGGED TO BE COMPETITIVE WITH SIMILAR ORGANIZATIONS IN TERMS OF MISSION, SIZE AND LOCATION. AT THAT POINT, THE COMPENSATION IS RECOMMENDED AND VOTED UPON BY AN INDEPENDENT COMMITTEE AS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 NEADS POSTS ITS AUDITED FINANCIAL STATEMENTS AND 990 ON ITS WEBSITE. IT'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.