NEW ENGLAND SCHOOL DEVELOPMENT COUNCIL INC

EIN: 042104762 501(c)(3)

MARLBOROUGH, MA

Total Revenue
$1,262,252
Total Expenses
$858,681
Total Assets
$3,852,506
Net Assets
$3,417,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MA
Principal Officer
DAVID DERUOSI JR
Phone
5084819444
Tax Period
2023-07-01 to 2024-06-30

NEW ENGLAND SCHOOL DEVELOPMENT COUNCIL INC, founded in 1948, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $404K, a strong 32% operating margin.

Mission

CONFERENCES, PUBLICATIONS, AND FIELD SERVICE ON PROBLEMS OF THE EDUCATIONAL COMMUNITY AND EXECUTIVE SEARCH PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $198,173 Revenue: $92,367

CONFERENCES, PUBLICATIONS AND FIELD SERVICE STUDIES ON PROBLEMS OF THE EDUCATIONAL SYSTEM

Program 2
Expenses: $128,482 Revenue: $177,323

EXECUTIVE SEARCH PROGRAMS FOR SCHOOL SYSTEMS

Program 3
Revenue: $934,008

PROVIDE GENERAL ADVISORY SERVICES FOR ANNUAL MEMBERSHIP FEES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,204,773
Investment Income $57,479
Other Revenue $0
TOTAL REVENUE $1,262,252

Expense Breakdown

Grants Paid $0
Salaries & Benefits $636,395
Fundraising Expenses $0
Program Expenses $326,655
Other Expenses $222,286
TOTAL EXPENSES $858,681

Year-over-Year Comparison

2023 2022 Change
Revenue $1,262,252 $1,135,731 +0.1%
Expenses $858,681 $987,341 -0.1%
Net Income $403,571 $148,390 +1.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
7
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$192,500
Total Directors
19
$192,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DONALD J BEAUDETTE RECORDING SECRETARY 0.00
Officer Director
$0 $0 $0
DR MICHAEL F FITZPATRICK AT-LARGE 0.00
Officer Director
$0 $0 $0
DR JOSEPH F BAETA CLERK 0.00
Officer Director
$0 $0 $0
MR MATTHEW A KEEGAN TREASURER 0.00
Officer Director
$0 $0 $0
DR COLLEEN B JERMAIN BOARD MEMBER 0.00
Director
$0 $0 $0
MR JEFFREY R NEWTON VICE-CHAIR, AT-LARGE 0.00
Officer Director
$0 $0 $0
MR WINFRIED FENEBERG CHAIR 0.00
Officer Director
$0 $0 $0
DR PATRICIA E COSENTINO BOARD MEMBER 0.00
Director
$0 $0 $0
DR PETER J CUMMINGS BOARD MEMBER 0.00
Director
$0 $0 $0
DR ANDREW R DOLLOFF BOARD MEMBER 0.00
Director
$0 $0 $0
MR THOMAS W GIARD BOARD MEMBER 0.00
Director
$0 $0 $0
MS BETH COBB BOARD MEMBER 0.00
Director
$0 $0 $0
DR BILL H KIMBALL BOARD MEMBER 0.00
Director
$0 $0 $0
MR PETER D MARANO BOARD MEMBER 0.00
Director
$0 $0 $0
MS MEREDITH S NADEAU BOARD MEMBER 0.00
Director
$0 $0 $0
MS ELLEN H HALLIDAY BOARD MEMBER 0.00
Director
$0 $0 $0
DR STEPHEN MARQUIS BOARD MEMBER 0.00
Director
$0 $0 $0
DR BETH REGULBUTO BOARD MEMBER 0.00
Director
$0 $0 $0
DR DAVID DERUOSI JR ASSISTANT TREASURER 37.50
Officer Director
$175,000 $17,500 $192,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,262,252 $858,681 $3,852,506 $403,571
2023 $1,135,731 $987,341 $3,400,201 $148,390
2022 $1,237,647 $909,628 $3,199,896 $328,019
2021 $1,077,255 $794,555 $2,871,303 $282,700
2020 $1,095,860 $869,389 $2,549,502 $226,471
2019 $1,054,340 $873,022 $2,299,543 $181,318
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