2018-01-22T14:21:05-06:00 2017-08-31 043037870 BOLLUS LYNCH LLP 89 SHREWSBURY STREET WORCESTER MA 01604 990 2016-09-01 237281887 NATIONAL EDUCATION FOR ASSISTANCE DOG SERVICES INC NATI 9784229064 305 REDEMPTION ROCK TRAIL SOUTH PRINCETON MA 01541 GERRY DEROCHE CEO 9784229064 2018-01-18 1 BARBARA E KING P00005629 5087557107 2018-01-18 71.11.10.178 2018-01-18 11:21:45 ES P FD78FDF4D2A4075D44F1278AC2AD40027EF3B92A EDDEF41EC0111B55ABF57616DAF181E94B7D77E4 2016 2021-01-29 14:40:06Z GERRY DEROCHE 305 REDEMPTION ROCK TRAIL SOUTH PRINCETON MA 01541 3383665 0 X WWW.NEADS.ORG X 1972 MA NEADS TRAINS RESCUED DOGS AND PURCHASED PUPPIES TO ASSIST PEOPLE WHO ARE DEAF OR DISABLED, IN LIVING MORE INDEPENDENT LIVES AT HOME, IN SCHOOL AND AT WORK. 13 13 50 140 0 0 1970726 2727000 335961 339129 -1156 85517 11875 34404 2317406 3186050 0 0 0 0 1441298 1585348 0 0 175862 979107 987155 2420405 2572503 -102999 613547 7113316 7855321 530478 497131 6582838 7358190 X NEADS' ASSISTANCE 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 1,700 EXPERTLY TRAINED ASSISTANCE DOGS WITH PEOPLE WHO NEED THEM. 0 0 2146296 342752 DOG 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 THROUGHT 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 ASSISTANCE 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 ENGAGE AND INSPIRE A PRACTITIONER'S COMMUNITY. OUR SERVICE DOGS FOR VETERANS PROGRAM IS DESIGNED TO HELP THE GROWING POPULATION OF WOUNDED VETERANS. CLIENT TRAINING - 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 DOGS INTERNATOINAL PUBLIC ACCESS TEST TO GRADUATE AND LEAVE CAMPUS WITH THE ASSISTANCE DOG. CLIENTS ARE SUPPORTED IN A VARIETY OF WAYS BY NEADS FOR THE SERVICE LIFE OF THEIR DOGS. 2146296 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 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 14 0 1 50 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 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 BEVERLY STEWART DIRECTOR 2.00 X 0 0 0 MEGHAN MACEIKO CLERK 2.00 X X 0 0 0 ARTHUR TWISS DIRECTOR 2.00 X 0 0 0 SCOTT NOTARGIACOMO TREASURER 2.00 X X 0 0 0 JAMES CIOCIOLO 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 DEE SENDROWSKI DIRECTOR 2.00 X 0 0 0 GRAHAM CHEVRY DIRECTOR 2.00 X 0 0 0 ABBEY HENDERSON CHAIR OF THE BOARD 2.00 X X 0 0 0 GERRY DEROCHE CEO 40.00 X 115654 0 1670 115654 0 1670 1 0 0 0 0 86980 81980 497428 2060612 122585 2727000 TRAINING FEES 900099 339129 339129 339129 64754 64754 122345 101582 20763 20763 20763 104799 81980 74018 30781 30781 24940 22015 2925 2925 MISC INCOME 900099 698 698 698 3186050 342752 0 116298 1381971 1120670 151717 109584 4191 3399 460 332 92224 74786 10124 7314 106962 86738 11742 8482 1968 1968 11776 11776 18020 18020 137787 108081 29706 72263 46077 2569 23617 55121 52841 1324 956 67251 62045 651 4555 21735 13342 814 7579 4502 4502 18549 18549 161096 158223 359 2514 47128 41619 3673 1836 SUPPLIES 141187 141187 PURCHASES 108905 108905 VETERINARY FEES 58767 58767 MOTOR VEHICLES EXPENSE 21867 21867 39233 24698 5442 9093 2572503 2146296 250345 175862 74248 18147 177327 1109805 175697 318963 15019 35974 5515467 1908062 3598335 3607405 2564279 2246065 508411 518962 7113316 7855321 155568 183069 374910 314062 530478 497131 X 3166536 4193759 1840761 2771525 1575541 392906 6582838 7358190 7113316 7855321 613547 161805 0 X 0 1 X 1 0 X 1821314 3137605 2448605 1974295 2727000 12108819 348116 400539 363897 363793 364069 1840414 2169430 3538144 2812502 2338088 3091069 13949233 0 7254 1167375 215939 189489 219384 1799441 7254 1167375 215939 189489 219384 1799441 12149792 105135 112764 314961 63650 64754 661264 105135 112764 314961 63650 64754 661264 2274565 3650908 3127463 2401738 3155823 14610497 0.83160 0.82880 0.04530 0.05120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 1 240 0 1 5700 0 0 5940 0 PART II-B, LINE 1: TWO PAID STAFF WORKED WITH THE OFFICE OF NEAD'S U.S. REPRESENTATIVE TO ADVANCE THE WOUNDED WARRIOR SERVICE DOG BILL, WHICH PROVIDES FUNDING FOR SERVICE MEMBERS AND VETERANS TO RECEIVE A SERVICE DOG THROUGH ACCREDITED SERVICE DOG ORGANIZATIONS, INCLUDING NEADS. ONE OF THESE STAFF MEMBERS TESTIFIED IN A CONGRESS HEARING REGARDING THIS BILL AND THE EFFECTS OF PRIOR FUNDING FOR THIS PROJECT. FIVE VOLUNTEERS WORKED ON PROMOTING THIS PROJECT AS WELL. TWO PAID STAFF PERSONS WORKED WITH THE OFFICE OF NEADS' MASSACHUSETTS HOUSE REPRESENTATIVE TO ADVANCE THE MASSACHUSETTS FAKE SERVICE DOG BILL. ONE OF THESE STAFF MEMBERS WAS INTERVIEWED BY LOCAL MEDIA OUTLETS REGARDING THE LEGISLATION. EIGHT VOLUNTEERS WORKED ON PROMOTING THIS BILL AS WELL. ONE STAFF MEMBER AND TWO VOLUNTEERS TESTIFIED IN THE MASSACHUSETTS STATE HOUSE IN SUPPORT OF THIS BILL. 1880407 91029 91453 719560 1343329 1749462 116597 134348 120000 1880407 2153934 -184472 220000 1749462 1988976 234958 70000 2153934 2159165 124811 295000 1988976 0.70750 0.29250 0 0 172890 172890 4501032 1279005 3222027 735622 629057 106565 105923 105923 3607405 CERTIFICATE OF DEPOSIT 408165 C INVESMENT IN REIT 110797 F 518962 X 3456545 161805 113133 13577 288515 3168030 18020 18020 3186050 2681193 113133 13577 126710 2554483 18020 18020 2572503 PART V, LINE 4: NEADS' ENDOWMENT CONSISTS OF DONOR RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. 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. THE BOARD OF DIRECTORS HAS INTERPRETED STATE LAW AS ALLOWING THE UTILIZATION OF APPRECIATION ON PERMANENTLY RESTRICTED ASSETS UNLESS EXPLICIT DONOR STIPULATIONS SPECIFY HOW NET APPRECIATION MUST BE USED. AS A RESULT OF THIS INTERPRETATION, NEADS CLASSIFIES AS PERMANENTLY 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 IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED 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 THE OGRANIZATION 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 THE ORGANIZATION; AND THE INVESTMENT POLICIES OF THE ORGANIZATION. NEADS HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ITS 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, NEADS' INVESTMENT COMMITTEE SHALL SEEK TO INVEST THE ENDOWMENT FUNDS IN SUCH A MANNER THAT THE INVESTMENTS WILL PROVIDE A SPENDABLE RETURN CONSISTENT WITH A LONG-TERM GOAL OF PRESERVING THE FUNDS IN REAL TERMS. 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 AND DIVIDEND). NEADS HAS INVESTED IN MUTUAL FUNDS THAT TARGET A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTEIVES 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. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, DEFICIENCIES OF THIS NATURE ARE REPORTED IN UNRESTRICTED NET ASSETS. THERE WERE NO DEFICIENCIES AS OF AUGUST 31, 2017. PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS FOR UNCERTAIN TAX POSITIONS ALONG WITH ANY RELATED INTEREST AND PENALTIES AND BELIEVES THAT NEADS HAS NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL ADVERSE EFFECT, INDIVIDUALLY OR IN THE AGGREGATE UPON NEADS STATEMENTS OF FINANCIAL POSITION, OR THE RELATED STATEMENTS OF ACTIVITIES, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 13,577. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSES 13,577. NEADS GOLF TOURNAMENT 31570 19201 12369 22965 PA GOLF TOURNAMENT 24989 17814 7175 10250 3 130220 44965 85255 40803 186779 81980 104799 74018 74018 30781 X DOG FOOD 1 122585 COST 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CEO INITIALLY WITH THE TREASURER, FOLLOWED BY THE FINANCE COMMITTEE AND 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 MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.