2024-03-19T13:43:25-05:00 2023-06-30 043257840 CRR LLP 545 Salem Street Wakefield MA 01880 990 2022-07-01 043091002 The Center for Teen Empowerment Inc CENT 6175364266 130 Warren Street Boston MA 02119 Abrigal Forrester Executive Director 6175364266 2024-03-15 1 Abrigal Forrester 999009999 0 Richard P Daigle CPA P00290808 7812797788 2024-03-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Abrigal Forrester 130 Warren Street Boston MA 02119 4534915 0 X www.teenempowerment.org X 1990 MA Development and implementation of community-based programs which develop the peer leadership skills of teenagers. 10 10 207 28 0 0 2794743 3721933 170182 33141 0 0 49450 779841 3014375 4534915 0 0 0 0 2166933 2422733 0 0 451000 761875 1012625 2928808 3435358 85567 1099557 1571202 3124925 233554 673492 1337648 2451433 Development and implementation of community-based programs which develop the peer leadership skills of teenagers. 0 0 2455306 4665634 Development and implementation of community-based programs which develop the peer leadership skills of teenagers. 2455306 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 82 0 207 0 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA NY X Abrigal Forrester 6175364266 130 Warren Street Boston MA 02119 Lauren Lapat Chair 4.00 X X 0 0 0 George Bevis Vice Chair 2.00 X X 0 0 0 Paul Russo Director 1.00 X 0 0 0 John Connolly Director 1.00 X 0 0 0 Andre Stark Development Committee Chai 2.00 X X 0 0 0 Jessica Puterman Treasurer 2.00 X X 0 0 0 Kathy Nixon Director 1.00 X 0 0 0 Richard De Jesus-Rueff Governance Committee Chair 2.00 X X 0 0 0 Frenia Hunter Director 1.00 X 0 0 0 Abrigal Forrester Chief Executive Director 40.00 X X 138319 0 0 Stephanie Berkowitz Dir. of Operations & Clerk 40.00 X 79301 0 0 217620 0 0 1 0 0 0 0 425973 1204635 2091325 3721933 Consulting and trainin 33141 33141 33141 52297 0 52297 52297 52297 0 425973 0 0 Other income 717315 717315 Insurance proceeds 10229 10229 727544 4534915 760685 0 52297 2053118 1668610 242358 142150 132357 106194 18150 8013 237258 202667 23191 11400 315221 82036 164732 68453 11603 7967 933 2703 15746 14244 56 1446 114968 87791 27177 13191 7908 3739 1544 17966 16298 1668 50138 30495 17296 2347 Program activities 240114 74321 280 165513 Professional developmen 118241 56962 24422 36857 Equipment maintenance 43751 43616 135 Telephone 26563 24840 1723 45123 31357 4915 8851 3435358 2455306 529052 451000 84442 311653 263000 290622 775306 763966 245986 39947 6411 5595 44252 34267 712237 196322 147455 515915 4350 1162960 1571202 3124925 233554 203786 0 469706 233554 673492 X 857101 1643569 480547 807864 1337648 2451433 1571202 3124925 1099557 14228 0 X 0 1 X 1 0 X 2017605 2298092 2461362 2752888 2831959 12361906 2017605 2298092 2461362 2752888 2831959 12361906 12361906 43829 45312 45072 46780 52297 233290 1921 2092 25953 2670 717315 749951 13345147 0.92630 0.97790 X Schedule A, Part II, Line 10, Explanation of Other Income: Other income - 2018 Amount: $ 1,921. 2019 Amount: $ 2,092. 2020 Amount: $ 25,953. 2021 Amount: $ 2,670. 2022 Amount: $ 717,315. 480547 1251523 924206 807864 350084 874421 743958 480547 665532 350084 665532 350084 445000 597032 376500 665532 377630 498000 430630 445000 0 0 325261 325261 153075 4575 148500 189059 167691 21368 44842 24056 20786 515915 Tax Credit Receivable 706345 Right of Use Assets 452265 Security Deposits 4350 1162960 Lease Liabilities 438950 Funds due to Others 30756 469706 X 4665434 130519 130519 4534915 0 4534915 3551649 116291 116291 3435358 0 3435358 Part X, Line 2: The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Organization is required to complete and timely file an annual information return with the Internal Revenue Service, the Commonwealth of Massachusetts and the state of New York. The Center for Teen Empowerment, Inc. has either filed or extended the time to file the annual information returns and has neither received nor been notified by any federal or state taxing authorities of any matters that would need to be disclosed in the accompanying financial statements. The Financial Accounting Standards Board (FASB) issued ASC Topic 740, "Income taxes" (ASC 740). ASC 740 clarifies the accounting for income taxes by prescribing a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined in ASC 740 as a tax position that is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The uncertain tax position standard must be applied to all existing tax positions upon initial adoption. As of June 30, 2023, the Organization had no material unrecognized tax benefits and no adjustments to its liabilities or activities were required under ASC 740. The Organization's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended June 30, 2023. Typically, the Organization's three preceding tax years are subject to examination by federal and state taxing authorities. There are no tax examinations currently in process. The Organization evaluates its uncertain tax positions using the provisions of the Accounting Standards codification ("ASC") 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgement with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. Part XII, Line 2d Revenue Amounts Included in Financials - Other Fundraising event reclassified for 990 Part XII, Line 2d Expense Amounts Included on Financials - Other Fundraising event reclassified for 990 Fundraising 425973 425973 425973 425973 Teen Empowerment Inc Common mgmt Program development 0 Form 990, Part VI, Section B, line 11b Management reviews Form 990 and verifies information and consistency with audited financial statements, accounting records and other documents maintained by the Organization. Form 990, Part VI, Section B, line 12c The Organization requires responsible personnel to disclose any conflicts of interest as they become known and a review of the policy is performed annually. Form 990, Part VI, Section B, line 15 The Board of Directors considers Executive Director's perfomance and industry standard rates, cost of living, etc. and votes on changes annually. The Organization's management team considers performance, industry standard rates, educational attainment, experience, cost of living, etc. and approves changes to compensation. Any parties related to management team have compensation approved by Board of Directors. Form 990, Part VI, Section C, line 19 The Organization is required to submit an annual filing to the Massachusetts Public Charities division, including the 990 and annual financial statements, which is published online and available for public viewing. Governing documents may be obtained from the Massachusetts Attorney General's office. Teen Empowerment Inc 94 Grandview Road Arlington MA 02476 043074013 Program Development MA N/A S 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0