2024-04-24T08:50:29-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 471613050 INSTITUTE FOR NONPROFIT PRACTICE INC INST 7814005742 1834 CENTRE STREET 320556 BOSTON MA 02132 YOLANDA COENTRO PRESIDENT AND CEO 7814005742 2024-04-22 1 YOLANDA COENTRO XXX-XX-XXXX 1 JOHN BUCKLEY CPA P00830631 5083669100 2024-04-22 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X YOLANDA COENTRO 1834 CENTRE STREET 320556 BOSTON MA 02132 6692316 0 X WWW.NONPROFITPRACTICE.ORG X 2014 MA THE INSTITUTE FOR NONPROFIT PRACTICE (INP) EQUIPS THE NATION'S SOCIAL IMPACT LEADERS WITH THE SKILLS, RESOURCES, NETWORKS, AND CONFIDENCE TO BOLDLY ADVANCE THEIR ORGANIZATIONS AND MISSIONS, CREATING A MORE EQUITABLE FUTURE FOR ALL. THROUGH A SUITE OF COMPREHENSIVE LEADERSHIP DEVELOPMENT PROGRAMS, ALUMNI ENGAGEMENT, THOUGHT LEADERSHIP, AND COMMUNITY CONVENINGS, INP TRAINS AND CONNECTS EXECUTIVES, MANAGERS, AND EMERGING LEADERS NATIONWIDE IN AN EFFORT TO FOSTER A MORE EFFECTIVE, INTERCONNECTED, EQUITABLE, AND DIVERSE SOCIAL IMPACT SECTOR.SINCE INP'S FOUNDING IN 2007, THE ORGANIZATION HAS RESPONDED TO INCREASED NEED AND DEMAND FOR ITS NATIONALLY RECOGNIZED PROGRAMMING, AND HAS EXPANDED TO SERVE MORE LEADERS, ORGANIZATIONS, AND COMMUNITIES. IN FISCAL YEAR 2023, INP SERVED A COMMUNITY OF 4,000 STUDENTS AND ALUMNI NATIONWIDE WHO ARE FUELING THE SOCIAL SECTOR IN 43 STATES. 12 11 88 118 0 0 7876783 5976980 688125 715250 0 86 4340 0 8569248 6692316 201650 533750 0 0 3770144 4992167 0 0 976845 1464630 2013889 5436424 7539806 3132824 -847490 6151845 5466295 529838 691778 5622007 4774517 X THE INSTITUTE FOR NONPROFIT PRACTICE'S MISSION IS TO TRANSFORM COMMUNITIES BY EQUIPPING THE MOST PROMISING NONPROFIT LEADERS WITH THE SKILLS, CONFIDENCE, AND RESOURCES THEY NEED TO MAKE THEIR ORGANIZATIONS EFFECTIVE, INNOVATIVE, AND SUSTAINABLE. INP OFFERS YEAR LONG CERTIFICATE PROGRAMS FOR NONPROFIT EXECUTIVES, MANAGERS, AND EMERGING LEADERS IN BOTH NATIONAL PROGRAMS OPEN TO ALL AROUND THE COUNTRY AND A SELECT PORTFOLIO OF PLACE-BASED PROGRAMS IN 11 LOCATIONS: BOSTON, MA, CAPE COD & THE ISLANDS, MA, MERRIMACK VALLEY / ESSEX COUNTY, MA, PROVIDENCE, RI, CHICAGO, IL, DALLAS, TX, LOS ANGELES, CA, SAN FRANCISCO BAY AREA, CA, MINNEAPOLIS-ST. PAUL, MN, NEW YORK, NY AND BUFFALO/WESTERN NEW YORK. 0 0 5202044 533750 715250 IN FY23 THE INSTITUTE FOR NONPROFIT PRACTICE (INP) SERVED 381 GRADUATES FROM 265 UNIQUE ORGANIZATIONS ACROSS A GROWING PORTFOLIO OF PROGRAMS DESIGNED FOR INDIVIDUALS WORKING AT SOCIAL IMPACT ORGANIZATIONS. IN ADDITION, INP OFFERED SUPPORT AND PROGRAMMING FOR ITS 4,000 STUDENTS AND ALUMNI FROM COAST TO COAST. INP'S PROGRAMS ARE ROOTED IN A PRACTICAL, COMPREHENSIVE, AND HIGHLY EFFECTIVE CURRICULUM THAT GOES BEYOND WEEKLY LECTURES TO INCORPORATE VALUABLE PEER-TO-PEER LEARNING AND CROSS SECTOR COLLABORATION IN A HANDS-ON, DYNAMIC ENVIRONMENT. COMBINING BEST-IN-CLASS MANAGEMENT AND LEADERSHIP DEVELOPMENT, INP PROGRAMS SERVE LEADERS AT ALL LEVELS OF THEIR CAREERS. IN FY23, INP SERVED SOCIAL IMPACT SECTOR PROFESSIONALS THROUGH BOTH NATIONAL PROGRAMS OPEN TO ALL AROUND THE COUNTRY AND A SELECT PORTFOLIO OF PLACE-BASED PROGRAMS IN 11 LOCATIONS: BOSTON, MA, CAPE COD & THE ISLANDS, MA, MERRIMACK VALLEY / ESSEX COUNTY, MA, PROVIDENCE, RI, CHICAGO, IL, DALLAS, TX, LOS ANGELES, CA, SAN FRANCISCO BAY AREA, CA, MINNEAPOLIS-ST. PAUL, MN, NEW YORK, NY AND BUFFALO/WESTERN NEW YORK. 5202044 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 24 0 1 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA NY AL CA FL GA HI IL KS KY MD MI MN MS NH NJ NM NC OR PA RI SC TN UT VA WV WI DC X PATRICK KIRBY 7814005742 980 WASHINGTON ST SUITE 115 DEDHAM MA 02026 YOLANDA COENTRO PRESIDENT & CEO 40.00 X X 346519 0 8363 MARK ROSEN CHAIR(THRU 6/23)/TREAS.(EFF. 6/23) 4.00 X X 0 0 0 DAVID SHAPIRO TREAS.(THRU 6/23)/DIRECTOR 2.00 X X 0 0 0 MATT EPSTEIN CLERK, DIRECTOR 2.00 X X 0 0 0 SUSAN COHEN DIRECTOR/ CHAIR (EFF.6/23) 4.00 X X 0 0 0 JOSH CHALMERS DIRECTOR 2.00 X 0 0 0 BARRY DYM DIRECTOR 2.00 X 0 0 0 JUSTIN KANG DIRECTOR 2.00 X 0 0 0 MONIQUE AIKEN DIRECTOR 2.00 X 0 0 0 TOM BENDHEIM DIRECTOR 2.00 X 0 0 0 OLIVIA ENGEL DIRECTOR 2.00 X 0 0 0 ANGEL ROBERSON DANIELS DIRECTOR 2.00 X 0 0 0 PATRICK KIRBY CHIEF STRATEGY OFF. & EVP 40.00 X 294690 0 36633 AUDREY GILLIS SR. VICE PRESIDENT OF ADVA 40.00 X 184943 0 15564 MEGAN BIRD VP OF NAT. PROG. OPS. 40.00 X 164616 0 6584 RUSSATTA BUFORD CHIEF ADMINISTRATIVE OFFICER, EVP 40.00 X 160788 0 4450 STACEY HARRIS SR. VP OF STRATEGY & GROWTH 40.00 X 152447 0 11422 ROBIN VANN RICCA CHIEF PEOPLE & EQUITY OFFICER 40.00 X 254318 0 15826 HANH TRAN VP STRATEGIC INITIATIVES 40.00 X 115042 0 4143 TAYLA OBERFIELD VP STRATEGIC INITIATIVES 40.00 X 112884 0 31266 1786247 0 134251 9 0 1 0 POSITIVELY PARTNERS LLC 6218 GEORGIA AVE NW 5072 WASHINGTON DC 20011 EXECUTIVE SEARCH/RECRUITING 132000 NPAG 207 HIGH ROAD NEWBURY MA 01951 EXECUTIVE SEARCH/RECRUITING 106606 ECRATCHIT INC 2 SHARP STREET UNIT B HINGHAM MA 02043 CFO/ACCOUNTING SERVICES 102006 3 201212 5775768 5976980 TUITION 611430 715250 715250 715250 86 86 6692316 715250 0 86 X 533750 533750 1539887 838871 385642 315374 2871648 2040433 449507 381708 17572 10759 4426 2387 233939 140597 48330 45012 329121 218317 60220 50584 146109 146109 784009 530472 153310 100227 64406 33810 1000 29596 12858 7246 2255 3357 78692 56736 10737 11219 145923 95465 27400 23058 173004 163741 7472 1791 9725 6362 1826 1537 11441 11441 CURRICULUM DEVELOPMENT 503837 503837 MISCELLANEOUS 65807 10119 47547 8141 EQUIPMENT 17623 11529 3309 2785 PROFESSIONAL DEVELOPMEN 455 386 69 7539806 5202044 1360917 976845 2656034 1971253 501 89318 3355882 3129129 2958 6574 79637 67893 50340 22705 37360 27635 19473 174493 6151845 5466295 509716 522046 20122 169732 529838 691778 X 782313 810819 4839694 3963698 5622007 4774517 6151845 5466295 -847490 0 X X 0 1 X 1 0 X 2090146 3647342 3006969 7876783 5976980 22598220 2090146 3647342 3006969 7876783 5976980 22598220 7727806 14870414 86 86 22598306 3111706 0.65800 0.62460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4340 3038 1302 6000 3000 3000 40000 16667 23333 27635 OPERATING LEASE LIABILITY 169732 169732 X 8901579 2743013 -533750 2209263 6692316 0 6692316 9749069 2743013 2743013 7006056 533750 533750 7539806 PART X, LINE 2: INP ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. INP HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. INP'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID NETTED AGAINST TUITION -533,750. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS/FINANCIAL AID NETTED AGAINST TUITION 533,750. 1 SCHOLARSHIPS 182 533750 N/A N/A PART I, LINE 2: INP AWARDS SCHOLARSHIPS TO STUDENTS TO INCREASE ACCESS TO OUR PROGRAMS, BASED ON DEMONSTRATED STUDENT ACHIEVEMENT AND IN ALIGNMENT WITH THE OBJECTIVES AND RESTRICTIONS LAID OUT BY FUNDERS OF THOSE SCHOLARSHIP FUNDS. SCHOLARSHIPS ARE ALLOCATED TO STUDENT ACCOUNTS SOLELY TO COVER TUITION EXPENSES, AND STUDENTS RECEIVE NO CASH OR MATERIAL AWARD IN ASSOCIATION WITH THE SCHOLARSHIPS. IN FY23 SCHOLARSHIPS WERE AVAILABLE TO ALL STUDENTS WHO REQUESTED ONE. X X 0 0 0 0 0 0 0 1 0 YOLANDA COENTRO PRESIDENT & CEO 321519 0 25000 0 0 0 8363 0 0 0 354882 0 0 0 PATRICK KIRBY CHIEF STRATEGY OFF. & EVP 264690 0 30000 0 0 0 12169 0 24464 0 331323 0 0 0 ROBIN VANN RICCA CHIEF PEOPLE & EQUITY OFFICER 244318 0 10000 0 0 0 0 0 15826 0 270144 0 0 0 AUDREY GILLIS SR. VICE PRESIDENT OF ADVA 174943 0 10000 0 0 0 6927 0 8637 0 200507 0 0 0 MEGAN BIRD VP OF NAT. PROG. OPS. 159616 0 5000 0 0 0 6584 0 0 0 171200 0 0 0 RUSSATTA BUFORD CHIEF ADMINISTRATIVE OFFICER, EVP 160788 0 0 0 0 0 0 0 4450 0 165238 0 0 0 STACEY HARRIS SR. VP OF STRATEGY & GROWTH 147447 0 5000 0 0 0 2785 0 8637 0 163869 0 0 0 PART I, LINE 7 BONUSES ARE AWARDED FOR EXCELLENT ACHIEVEMENT OF SPECIFIC GOALS. BONUSES ARE CALCULATED BASED ON THE INDIVIDUALS' PERFORMANCE AND CONTRIBUTION, ALONG WITH TENURE, SKILLS, STRATEGIC IMPORTANCE, AND ORGANIZATION VALUE. INP'S BOARD OF DIRECTORS DETERMINES THE AMOUNT OF DISCRETIONARY BONUS AWARDED TO THE CEO BASED UPON RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE (SEE ALSO CEO COMPENSATION PROCESS DESCRIPTION ON SCHEDULE O). SHAHEER MUSTAFA FAMILY MEMBER OF PRESIDENT AND CEO 20500 COMPENSATION OF FACULTY MEMBER 0 FORM 990, PART VI, SECTION B, LINE 11B A DETAILED REVIEW OF THE FORM 990 IS DONE BY THE PRESIDENT/CEO, CERTAIN OTHER MEMBERS OF MANAGEMENT AND THE OUTSOURCED CFO. ONCE ANY QUESTIONS/EDITS HAVE BEEN ADDRESSED BY THE AUDIT FIRM, A SUBSEQUENT DRAFT WILL BE PROVIDED TO THE FINANCE AND AUDIT COMMITTEE FOR REVIEW. ONCE APPROVED BY THE COMMITTEE, A COPY OF THE FINAL VERSION WILL BE PROVIDED TO EACH MEMBER OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL MEMBERS OF THE BOARD AND ANY COMMITTEE THEREOF THAT HAD THE POWER TO EXERCISE BOARD-DELEGATED POWERS, AND THE ORGANIZATION'S PRINCIPAL OFFICERS AND KEY EMPLOYEES. FOR DISCLOSURES OF POTENTIAL CONFLICTS PERTAINING TO COMPENSATED PRINCIPAL OFFICERS AND KEY EMPLOYEES, THE CEO IS RESPONSIBLE FOR MAKING THE DETERMINATION OF WHETHER OR NOT A CONFLICT OF INTEREST ACTUALLY EXISTS, AND FOR REPORTING IT TO THE BOARD. THE BOARD IS RESPONSIBLE FOR MAKING THE DETERMINATION OF WHETHER OR NOT A CONFLICT OF INTEREST ACTUALLY EXISTS. FOR DISCLOSURES OF POTENTIAL CONFLICTS PERTAINING TO UNCOMPENSATED PRINCIPAL OFFICERS AND THE CEO, THE INTERESTED PERSON IS PERMITTED TO MAKE A PRESENTATION TO THE BOARD, BUT MUST LEAVE THE PORTION OF THE MEETING DURING THE DISCUSSION AND VOTE ON HIS OR HER POSSIBLE CONFLICT OF INTEREST. THE BOARD SHALL REVIEW ANY CONFLICTS AND THE BOARD (OR AN APPOINTED COMMITTEE THEREOF) WILL DETERMINE IF A MORE ADVANTAGEOUS TRANSACTION CAN BE OBTAINED BY THE ORGANIZATION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, BEFORE APPROVING ANY CONFLICTING TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A ANNUALLY, THE BOARD WILL EVALUATE THE PRESIDENT & CEO ON HIS/HER PERFORMANCE, AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. THE BOARD OR A COMMITTEE ASSIGNED BY THE BOARD WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION OF THE PRESIDENT & CEO BASED ON A REVIEW OF COMPARABILITY DATA. THIS DATA MAY INCLUDE THE FOLLOWING: 1. SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; 2. WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; 3. DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT BOTH NONPROFIT AND FOR PROFIT ORGANIZATIONS; AND 4. INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. THE BOARD WILL DOCUMENT HOW IT REACHED ITS DECISIONS IN MINUTES OF THE MEETING. NO PAID STAFF MEMBERS OR RELATIVES OF PAID STAFF WILL PARTICIPATE IN THESE DECISIONS; BOARD MEMBERS PARTICIPATING ARE VOLUNTEERS AND NOT COMPENSATED BY THE ORGANIZATION, AND WILL OPERATE INDEPENDENTLY WITHOUT UNDUE INFLUENCE FROM THE PRESIDENT & CEO. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 530,472. MANAGEMENT AND GENERAL EXPENSES 153,310. FUNDRAISING EXPENSES 100,227. TOTAL EXPENSES 784,009. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.