NEW ENGLAND LAWBOSTON

EIN: 042152671 501(c)(3) Education

BOSTON, MA

Total Revenue
$64,866,385
Total Expenses
$55,541,556
Total Assets
$122,619,052
Net Assets
$120,706,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
MA
Principal Officer
JAMES H KENNEDY III
Phone
6174510010
Tax Period
2023-07-01 to 2024-06-30

NEW ENGLAND LAWBOSTON, founded in 1908, is a mid-sized nonprofit in the Education sector that reported $64.9M in total revenue in fiscal year 2023. Expenses of $55.5M left a modest 14% surplus.

Mission

EDUCATION OF STUDENTS

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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 $1,559,082
Program Service Revenue $59,266,374
Investment Income $3,231,395
Other Revenue $809,534
TOTAL REVENUE $64,866,385

Expense Breakdown

Grants Paid $34,264,460
Salaries & Benefits $14,128,306
Fundraising Expenses $411,376
Program Expenses $51,936,030
Other Expenses $7,148,790
TOTAL EXPENSES $55,541,556

Year-over-Year Comparison

2023 2022 Change
Revenue $64,866,385 $60,528,816 +0.1%
Expenses $55,541,556 $55,129,351 +0.0%
Net Income $9,324,829 $5,399,465 +0.7%
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
15
Independent Members
15
Employees
243
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
6
$0
Total Directors
15
$0
Key Employees
6
$1,524,491
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADEDUNTAN RILWAN TRUSTEE 2.50
Director
$0 $0 $0
BALBONI ALBERT CHAIRMAN 35.00
Officer Director
$0 $0 $0
BARDI RICHARD TRUSTEE 2.50
Director
$0 $0 $0
BROWN PETER HON TRUSTEE 2.50
Director
$0 $0 $0
BUDD WAYNE HON TRUSTEE 2.50
Director
$0 $0 $0
CASEY WILLIAM PRESIDENT OF THE CORP./TRUSTEE 20.00
Officer Director
$0 $0 $0
COWIN JACKIE HON SECRETARY OF THE CORP./SECRETARY 3.00
Officer Director
$0 $0 $0
CRAWFORD SUSAN HON TRUSTEE 1.00
Director
$0 $0 $0
FLAHERTY PETER TRUSTEE 2.50
Director
$0 $0 $0
NARANJO STEPHANIE TRUSTEE 2.50
Director
$0 $0 $0
NOONAN III C BRENDAN VICE-CHAIRMAN 7.00
Officer Director
$0 $0 $0
O'BRIEN JOHN SPECIAL ADV. TO THE BOARD OF TRUSTEES 3.00
Director
$0 $0 $0
SINNOTT ELEANOR HON TRUSTEE 2.50
Director
$0 $0 $0
SUCOFF CARY TREASURER OF THE CORP./TRUSTEE 7.00
Officer Director
$0 $0 $0
WHEELER DIANA SECRETARY OF THE CORP./TRUSTEE 3.00
Officer Director
$0 $0 $0
CHALMERS JOHN DEAN OF ADMISSIONS 50.00
Key Emp
$225,556 $42,824 $268,380
DUSSIAS ALLISON ACTING DEAN (AS OF 06/30) 35.00
Key Emp
$277,652 $49,396 $327,048
FREUDENHEIM LISA DEAN (UNTIL 06/30) 50.00
Key Emp
$174,435 $28,073 $202,508
GREENBERG JUDITH ASSOCIATE DEAN (AS OF 06/30) 40.00
Key Emp
$188,982 $40,193 $229,175
MARTORANA ANNE MARIE CFO (UNTIL 08/07) 50.00
Key Emp
$269,028 $16,357 $285,385
PILGRIM JACQUELINE ASSISTANT DEAN 50.00
Key Emp
$185,376 $26,619 $211,995
ENGLER RUSSELL PROFESSOR 40.00
Highest
$222,889 $43,773 $266,662
FRIEDMAN LAWRENCE PROFESSOR 40.00
Highest
$186,230 $40,309 $226,539
HANSEN VICTOR PROFESSOR 50.00
Highest
$197,396 $27,626 $225,022
SCHENKEL KENT PROFESSOR 50.00
Highest
$196,377 $41,268 $237,645
SIEGEL DAVID PROFESSOR 40.00
Highest
$184,094 $40,177 $224,271
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 $64,866,385 $55,541,556 $122,619,052 $9,324,829
2023 $60,528,816 $55,129,351 $107,906,623 $5,399,465
2022 $57,554,608 $55,796,774 $100,157,592 $1,757,834
2021 $46,208,385 $47,886,262 $111,835,752 $-1,677,877
2020 $37,116,199 $38,226,968 $108,370,694 $-1,110,769
2019 $27,718,292 $30,836,885 $108,208,647 $-3,118,593
2019 $27,718,292 $30,836,885 $108,208,647 $-3,118,593
2018 $26,755,156 $34,910,452 $108,958,310 $-8,155,296
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