MORE THAN WORDS INC

EIN: 042784985 501(c)(3)

BOSTON, MA

Total Revenue
$12,877,662
Total Expenses
$10,894,823
Total Assets
$17,148,435
Net Assets
$10,190,043
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
Principal Officer
JODI ROSENBAUM
Phone
7817880035
Tax Period
2024-07-01 to 2025-06-30

MORE THAN WORDS INC, founded in 1983, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 15% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $8,921,664

MTW IS A SOCIAL ENTERPRISE THAT EMPOWERS SYSTEM-INVOLVED YOUTH TO TAKE CHARGE OF THEIR LIVES BY TAKING CHARGE OF A BUSINESS. WE SERVE THE BOSTON AREA'S MOST UNDERSERVED YOUNG PEOPLE WHO FACE...

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MTW IS A SOCIAL ENTERPRISE THAT EMPOWERS SYSTEM-INVOLVED YOUTH TO TAKE CHARGE OF THEIR LIVES BY TAKING CHARGE OF A BUSINESS. WE SERVE THE BOSTON AREA'S MOST UNDERSERVED YOUNG PEOPLE WHO FACE COMPOUNDING RISK FACTORS: 55% ARE INVOLVED IN THE FOSTER CARE SYSTEM, 41% ARE COURT-INVOLVED, AND 25% FACE HOMELESSNESS. OVER THE PAST 20+ YEARS, MTW HAS DEVELOPED AND REFINED A MODEL THAT CONSISTENTLY EMPOWERS YOUTH TO ACHIEVE MEASURABLE OUTCOMES IN EDUCATION, WORK, AND LIFE.AT MTW YOUTH BEGIN WITH INTENSIVE SUPPORTIVE SERVICES TO HELP THEM GET STABILIZED AND READY FOR JOB TRAINING, INCLUDING WORK ON ESSENTIAL DOCUMENTS, TRANSPORTATION, FOOD SECURITY, AND HOUSING. THEN YOUTH EARN A JOB MANAGING EVERY FACET OF A $4M+ BUSINESS, DEVELOPING VALUABLE, TRANSFERABLE SKILLS APPROXIMATELY 10-25 HOURS/WEEK. YOUTH SOURCE USED BOOKS AND CLOTHING ITEMS, SELL THEM ONLINE AND IN THREE RETAIL STORES, RUN A FLEXIBLE EVENT SPACE, AND GO OUT INTO THE COMMUNITY ON A MOBILE BOOKSTORE. THEY ALSO HOLD A SECOND, EQUALLY IMPORTANT YOU JOB, IN WHICH THEY RECEIVE INTENSIVE CASE MANAGEMENT TO WORK TOWARDS PERSONAL GOALS. TWO-PLUS YEARS OF CONTINUED SUPPORT IN THE CAREER SERVICES PROGRAM AND ACCESS TO BRIDGE FUNDING HELP YOUTH TRANSITION TO OTHER JOBS, PERSIST IN EDUCATION, AND GET ON A PATH TO A LIVING WAGE. THROUGH THIS TRANSFORMATIVE PROGRAM, WE PROVIDE THE STRUCTURE, ACCOUNTABILITY, AND SUPPORT NEEDED TO EMPOWER OUR YOUTH TO DO THE HARD WORK OF TRANSFORMING THEIR OWN LIVES.THIS MODEL WORKS BECAUSE WORK WORKS. IN OUR MOST RECENTLY COMPLETED FISCAL YEAR WE SERVED 320 YOUTH. 85% OF GRADUATES WERE PRODUCTIVELY ENGAGED IN SCHOOL AND/OR WORK AND 97% OF YOUTH EITHER HAD EARNED OR WERE ON TRACK TO EARN THEIR HIGH SCHOOL DIPLOMA OR HISET.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,621,786
Program Service Revenue $0
Investment Income $152,904
Other Revenue $1,102,972
TOTAL REVENUE $12,877,662

Expense Breakdown

Grants Paid $347,996
Salaries & Benefits $7,140,167
Fundraising Expenses $822,239
Program Expenses $8,921,664
Other Expenses $3,406,660
TOTAL EXPENSES $10,894,823

Year-over-Year Comparison

2024 2023 Change
Revenue $12,877,662 $9,712,064 +0.3%
Expenses $10,894,823 $9,393,123 +0.2%
Net Income $1,982,839 $318,941 +5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
333
Volunteers
648

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
4
$168,976
Total Directors
15
$168,976
Key Employees
2
$335,347
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODI ROSENBAUM CEO 40.00
Officer Director
$164,255 $4,721 $168,976
JOHN CHORY CHAIR 2.00
Officer Director
$0 $0 $0
BARBARA BERKE VICE CHAIR AND CLERK 2.00
Officer Director
$0 $0 $0
MIKE MCCULLOUGH TREASURER 2.00
Officer Director
$0 $0 $0
CHRIS CASGAR DIRECTOR 2.00
Director
$0 $0 $0
GAIL GARINGER DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER FARRINGTON DIRECTOR 2.00
Director
$0 $0 $0
SAM CHAMBERS DIRECTOR 2.00
Director
$0 $0 $0
RENEE CHAN DIRECTOR 2.00
Director
$0 $0 $0
LORNA SABBIA DIRECTOR 2.00
Director
$0 $0 $0
JULIETTE KOPECKY DIRECTOR 2.00
Director
$0 $0 $0
GORDON DORISTIN DIRECTOR 2.00
Director
$0 $0 $0
CHRIS ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
ANNE PREACHER DIRECTOR 2.00
Director
$0 $0 $0
PATRIZIO URCIUOLI DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER HERBERT COO 40.00
Key Emp
$156,321 $13,954 $170,275
SHAUN NEWELL CHIEF OF SOCIAL ENTERPRISE 40.00
Key Emp
$160,442 $4,630 $165,072
NOAH SCHECTMAN CHIEF LEARNING OFFICER 40.00
Highest
$114,304 $28,656 $142,960
NAOMI PARKER CHIEF ADVANCEMENT OFFICER 40.00
Highest
$139,312 $30,401 $169,713
MARCELLA RAINES CHIEF ADVOC & COM ENG OFF. 40.00
Highest
$124,143 $29,996 $154,139
IAN JUDE CHIO CFO 40.00
Highest
$133,146 $28,859 $162,005
LEANNE GOFF DIRECTOR OF CAREER SERVICE 40.00
Highest
$108,913 $3,205 $112,118
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 $12,877,662 $10,894,823 $17,148,435 $1,982,839
2024 No data No data No data No data
2023 $7,743,438 $8,613,521 $14,111,293 $-870,083
2022 $7,979,220 $7,332,379 $15,482,688 $646,841
2021 $6,459,719 $6,304,208 $15,091,779 $155,511
2020 $7,632,753 $6,318,758 $16,209,266 $1,313,995
2019 $5,320,416 $5,977,069 $14,685,636 $-656,653
2018 $7,071,924 $4,676,074 $16,245,248 $2,395,850
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