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 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' SERVICE 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 IN 1976, MATCHING OVER 2,000 EXPERTLY TRAINED SERVICE DOGS WITH CIVILIANS AND VETERANS ACROSS THE COUNTRY.

Program Service Accomplishments

Program 1
Expenses: $3,485,571 Revenue: $30,357

DOG AND CLIENT 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...

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DOG AND CLIENT 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 THROUGHOUT 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 SERVICE 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; ASSISTANCE DOGS FOR THE CLASSROOM, THERAPY AND MINISTRY DOGS ENGAGE AND INSPIRE A PRACTITIONER'S COMMUNITY. OUR SERVICE DOGS FOR VETERANS PROGRAM IS DESIGNED TO HELP THE GROWING POPULATION OF WOUNDED VETERANS.ONCE A DOG AND CLIENT HAVE BEEN MATCHED, NEADS CLIENTS LIVE ON OUR CAMPUS FOR 1-2 WEEKS LEARNING HOW TO WORK WITH THEIR NEW SERVICE DOG. APPROXIMATELY 20 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 PARTNERS WITH THE CLIENT SERVES TO MATCH 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 SERVICE DOG. CLIENTS ARE SUPPORTED IN A VARIETY OF WAYS BY NEADS FOR THE SERVICE LIFE OF THEIR DOGS.

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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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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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