NEADS INC

EIN: 237281887 501(c)(3) Human Services

PRINCETON, MA

Total Revenue
$4,866,143
Total Expenses
$4,551,742
Total Assets
$16,772,883
Net Assets
$16,396,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MA
Principal Officer
AUBREY HENDERSON
Phone
9784229064
Tax Period
2024-09-01 to 2025-08-31

NEADS INC, founded in 1972, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $4.6M left a modest 6% surplus.

Mission

NEADS BREEDS, RAISES, AND TRAINS SERVICE AND ASSISTANCE DOGS. NEADS SERVICE DOGS ASSIST ADULTS AND CHILDREN ACROSS THE COUNTRY, INCLUDING VETERANS, WHO ARE DEAF OR HAVE A PHYSICAL DISABILITY, AS WELL AS CHILDREN WITH AUTISM AND OTHER DEVELOPMENTAL DISABILITIES. NEADS ASSISTANCE DOGS ARE PARTNERED WITH PROFESSIONALS IN THE CLASSROOM, MINISTRY, HOSPITAL, THERAPEUTIC, AND COURTHOUSE SETTINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,607,939
Program Service Revenue $0
Investment Income $335,106
Other Revenue $-76,902
TOTAL REVENUE $4,866,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,970,785
Fundraising Expenses $642,871
Program Expenses $3,485,571
Other Expenses $1,580,957
TOTAL EXPENSES $4,551,742

Year-over-Year Comparison

2024 2023 Change
Revenue $4,866,143 $4,516,728 +0.1%
Expenses $4,551,742 $4,420,818 +0.0%
Net Income $314,401 $95,910 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
56
Volunteers
374

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
$194,027
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERRY DEROCHE CEO - OUTGOING 40.00
Officer
$194,027 $0 $194,027
AUBREY HENDERSON CEO - INCOMING 40.00
Officer
$0 $0 $0
CATHY ZEMAITIS CHIEF DEVELOPMENT AND PROG 40.00
Highest
$119,847 $5,594 $125,441
CATHRYN CLEVELAND DIRECTOR OF VETERINARY MEDICINE 32.00
Highest
$102,066 $0 $102,066
GEOFF WORRELL CHAIR 2.00
Officer Director
$0 $0 $0
SUE FEIT VICE CHAIR 2.00
Officer Director
$0 $0 $0
GRAHAM CHEVRY TREASURER 2.00
Officer Director
$0 $0 $0
SHANNON O'BRIEN CLERK 2.00
Officer Director
$0 $0 $0
HARRY GREY DIRECTOR 2.00
Director
$0 $0 $0
JAMES HICKS DIRECTOR 2.00
Director
$0 $0 $0
MEGHAN KELLY DIRECTOR 2.00
Director
$0 $0 $0
CAROL KRAUSS DIRECTOR 2.00
Director
$0 $0 $0
JILL MONGEAU DIRECTOR 2.00
Director
$0 $0 $0
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 $4,866,143 $4,551,742 $16,772,883 $314,401
2024 $4,516,728 $4,420,818 $16,560,298 $95,910
2023 $5,683,595 $4,051,317 $15,976,142 $1,632,278
2022 $5,111,896 $3,748,045 $14,166,743 $1,363,851
2021 $6,365,181 $3,241,412 $13,975,125 $3,123,769
2020 $3,782,795 $3,177,177 $10,874,914 $605,618
2019 $4,079,513 $3,047,835 $9,135,653 $1,031,678
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