Fall River Educators' Association INC EIN 23-7037161

Fall River Educators' Association INC

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Negotiates contracts and advocates for Fall River teachers' rights and working conditions. For fiscal year 2024 it reported $240K in revenue, $240K in expenses, and $326K in net assets.Pt I

Founded
1985
Type
Business league / trade association · Nonprofit
Location
Fall River, MA
Website
www.fallrivereducators.org
Filings
5 on file (2020–2024)
Revenue
$240KFY2024
Expenses
$240K
Net assets
$326K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7037161 Business league / trade association Fall River, MA Founded 1985
Form 990 (PDF)
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Size
$100K–1M
What they do
Negotiates contracts and advocates for Fall River teachers' rights and working conditions.
Leadership
Keith Michon JR · President/Director · $5K
Money in and out
$240K revenue, $240K expenses
Bottom line
-0.05% operating surplus
Membership & operating revenue · FY2024
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$326K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$130
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Operating surplus
-0.05%
revenue over expenses▲ +99% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
75%
of spending is salaries & benefits▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$240K
FY2024▲ +10%
Expenses
$240K
FY2024▲ +2%
Total assets
$477K
FY2024▲ +45%
Total liabilities
$151K
FY2024▲ ×52
Total revenue
$240K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$326K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$130
Total assetsPt X · Ln 16$477K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Bargaining and other union related services provided to fall river teachers

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFall River Educators' Association INC
EINHdr · item D23-7037161
Principal addressHdr · item CFall River, MA
WebsiteHdr · item Jwww.fallrivereducators.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Director
$5,190Pt VII · Sec A
Vice President
$2,604Pt VII · Sec A
Vice President
$2,604Pt VII · Sec A
Treasurer
$2,604Pt VII · Sec A
Secretary
$2,604Pt VII · Sec A
Vice President
$1,085Pt VII · Sec A
Secretary/Clerk
$217Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Keith Michon JR$5,190$4,944$4,792$4,704
Rebeca Cusick$4,704$4,704
Corey Anderson$2,604
Loryn Shea$2,604
Karl Amaral$2,604$2,484$2,392$2,304$2,304$2,304
Kerri Furtado$2,604
Donna Torres$621$2,392$1,728$2,496
Rebecca Jontos$217$2,484$2,392$2,304$2,304$1,920

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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Statement of Revenue

Part VIII
Contributions & grants$206K · 86%
Other revenue$34K · 14%
Contributions & grants86%$206K
Other revenue14%$34K
Investment income$128
Total revenueLn 12$240K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$176K
Management & general27%$64K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$373K
Total assetsLn 16$477K
Total liabilitiesLn 26$151K
Total net assetsLn 32$326K
Months of cash on handcomputed18.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $373K · Operating expenses/yr $240K
18.6 months
Where the money goes
Program services
Program services $176K · Total expenses $240K
73%
Management & General
Management & general $64K · Total expenses $240K
27%
Fundraising
Fundraising $0 · Total expenses $240K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $179K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $206K · Total revenue $240K
86%
Government reliance
Government grants — · Total revenue $240K
Earned-income share
Program service revenue $0 · Total revenue $240K
0%
Investment reliance
Investment income $128 · Total revenue $240K
+0.05%
Program self-sufficiency
Program service revenue $0 · Total expenses $240K
0%
Growth & trend
Revenue growth (YoY)
This year $240K · Prior year $218K
+10%
Revenue CAGR
FY2019 $189K · FY2024 $240K
+5%
Net-asset trend (YoY)
End of year $326K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $240K · Expenses $240K
-0.05%
Liabilities-to-Assets
Total liabilities — · Total assets $477K
Net-asset ratio
Net assets $326K · Total assets $477K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $477K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Keith Michon JR · Reported title PRESIDENT/DIRECTOR · Highest reported compensation $5K · Total expenses $240K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $181K · Total expenses $240K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$218K revenue · ⤓ 990 PDF
FY2023$179K revenue · ⤓ 990 PDF
FY2022$179K revenue · ⤓ 990 PDF
FY2021$184K revenue · ⤓ 990 PDF
FY2020$189K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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