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Power and Systems Training INC FY2021 filing

Tax-deductible

Medway, MA501(c)(3) EIN 04-2565437Revenue $319K in FY2021

On file with the IRSpowerandsystems.com203 Main St, 02053-1625 · Medway, MATax-exempt since Feb 1976Publicly supported — 509(a)(2)

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Educational seminars

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
$256K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $57K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$256K
to officers and key staff · 61% of spending
Concern: pay to officers and key staff is 61% of spending; over 30%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$45K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$319K
Spent
$422K
To programs
45%
Net assets
$450K
By yearFY2021–FY2025
Revenue
$319K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$319K
FY2022$385K
FY2023$511K
FY2024$901K
FY2025$609K
Expenses
$422K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$422K
FY2022$469K
FY2023$450K
FY2024$544K
FY2025$555K
Net assets
$450K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$450K
FY2022$366K
FY2023$427K
FY2024$784K
FY2025$838K

From the FY2021 Form 990 (year ending May 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $191K Management & general 55% · $231K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $256K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Jeff Boudro
Executive Director
$255,734Pt VII · Sec A
$0Pt VII · Sec A
Lisa Prior
Director
$0Pt VII · Sec A
Sabina Nawaz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Donavon Hall
Treasurer
$0Pt VII · Sec A
Jami Town
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Jeff Boudro$178,500$178,500$178,500$255,734

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Power and Systems Training INC is a nonprofit based in Medway, MA.

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Provided by the organization

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1 program · $191K · in their own filed words · FY2020
01

Provide educational seminars and workshops to liberate people to reach higher levels of contribution.

$191Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$319K
Ln 12
Fees for servicesLn 2g$276K
Other incomeLn 4–11$42K
Investment incomeLn 3$2K
Money outPt IX
$422K
Ln 25
Programscol B$191K
Managementcol C$231K
Owns and owesPt X
$450K
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$495K
LiabilitiesLn 26$45K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$276K
Investment incomeLn 3$2K
Other incomeLn 4–11$42K
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$254K
Cash and savings togetherLn 1–2$449K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$495K
LiabilitiesLn 26$45K
Net assetsLn 32$450K
OperationsPt I, VI
EmployeesI 53
VolunteersI 66
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$588K$449K
Land, buildings, equipmentLn 10c$170$0
Total assetsLn 16$593K$495K
LiabilitiesLn 26$41K$45K
Net assetsLn 32$553K$450K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$181K$82K$100K
Other salaries and wagesLn 7$85K$38K$47K
Pension plan contributionsLn 8$46K$21K$25K
Other employee benefitsLn 9$7K$3K$4K
Payroll taxesLn 10$22K$10K$12K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$7K$4K$2K
Office expensesLn 13$3K$90$3K
RoyaltiesLn 15$345$345
OccupancyLn 16$5K$2K$3K
TravelLn 17$55$44$11
Depreciation, depletion and amortizationLn 22$170$73$97
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$33K$26K$7K
All other expensesLn 24e$3K$3K$257
Total functional expensesLn 25$422K$191K$231K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $609K$555K$54K$838K 990 PDF
FY2024 $901K$544K$357K$784K 990 PDF
FY2023 $511K$450K$61K$427K 990 PDF
FY2022 $385K$469K−$84K$366K 990 PDF
FY2021 Viewing $319K$422K−$103K$450K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $319,356 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $404,744$275,580
I-10 Investment incomePrior year $2,043$2,216
I-11 Other revenuePrior year $177,901$41,560
I-12 Total revenuePrior year $584,688$319,356
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $344,057$340,658
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $227,554$81,424
I-18 Total expensesPrior year $571,611$422,082
I-19 Revenue less expensesPrior year $13,077−$102,726
Part VI · Governance 7 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $319,356 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $275,580$275,580
VIII-3 Investment incomeExcluded from tax $2,216$2,216
VIII-5 RoyaltiesRelated to mission $39,325$39,325
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,235$2,235
VIII-12 Total revenueRelated to mission $317,140 · Unrelated business $0 · Excluded from tax $2,216$319,356
Part IX · Statement of functional expenses $422,082 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $81,506 · Management $99,619$181,125
IX-7 Other salaries and wagesPrograms $38,175 · Management $46,658$84,833
IX-8 Pension plan contributionsPrograms $20,734 · Management $25,342$46,076
IX-9 Other employee benefitsPrograms $3,045 · Management $3,722$6,767
IX-10 Payroll taxesPrograms $9,770 · Management $12,087$21,857
IX-11c Accounting feesManagement $26,333$26,333
IX-11g Other fees for servicesPrograms $4,500 · Management $2,385$6,885
IX-13 Office expensesPrograms $90 · Management $2,945$3,035
IX-15 RoyaltiesPrograms $345$345
IX-16 OccupancyPrograms $2,038 · Management $2,702$4,740
IX-17 TravelPrograms $44 · Management $11$55
IX-22 Depreciation, depletion and amortizationPrograms $73 · Management $97$170
IX-23 InsurancePrograms $1,654 · Management $2,192$3,846
IX-24 Other expenses (24a–d)Programs $26,398 · Management $6,813$33,211
IX-24e All other expensesPrograms $2,547 · Management $257$2,804
IX-25 Total functional expensesPrograms $190,919 · Management $231,163 · Fundraising $0$422,082
Part X · Balance sheet $494,678 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $335,665$194,288
X-2 Savings and temporary cash investmentsStart of year $252,043$254,237
X-4 Accounts receivableStart of year $3,307$44,044
X-9 Prepaid expenses and deferred chargesStart of year $2,071$2,109
X-10c Land, buildings and equipment, netStart of year $170$0
X-16 Total assetsStart of year $593,256$494,678
X-17 Accounts payable and accrued expensesStart of year $21,914$19,872
X-19 Deferred revenueStart of year $18,750$24,940
X-26 Total liabilitiesStart of year $40,664$44,812
X-27 Net assets without donor restrictionsStart of year $552,592$449,866
X-32 Total net assets or fund balancesStart of year $552,592$449,866
X-33 Total liabilities and net assetsStart of year $593,256$494,678
Part XI · Reconciliation of net assets $449,866 net assets at year end
XI-1 Total revenue$319,356
XI-2 Total expenses$422,082
XI-3 Revenue less expenses−$102,726
XI-4 Net assets at start of year$552,592
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$449,866

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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