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Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years Yes

Summary

Mission StatementMORE »

The mission of Tenacity is to enable post-secondary success by improving the scholastic character and physical development of less advantaged urban youth through a combination of literacy, skills development, family engagement, and fitness/tennis.

Mission Statement

The mission of Tenacity is to enable post-secondary success by improving the scholastic character and physical development of less advantaged urban youth through a combination of literacy, skills development, family engagement, and fitness/tennis.

FinancialsMORE »

Fiscal Year Sept 01, 2015 to Aug 31, 2016
Projected Income $5,540,500.00
Projected Expense $5,540,500.00

ProgramsMORE »

  • College Prep & Alumni Services
  • Elementary School Program
  • Middle School Academy (MSA)
  • Summer Tennis & Reading Program

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

The mission of Tenacity is to enable post-secondary success by improving the scholastic character and physical development of less advantaged urban youth through a combination of literacy, skills development, family engagement, and fitness/tennis.

Background Statement

Founded in 1999, Tenacity offers a cumulative Pathway to Post-Secondary Success that provides Boston Public School youth with the opportunities for academic growth and achievement through comprehensive educational instruction, family engagement tennis that sets them on a path toward a successful academic career and future. 

Beginning in 4th and 5th grades, Tenacity staff coach students in physical fitness activities, specifically instructing them on the game of tennis. The Elementary School Program enables Tenacity staff to identify those students who are most in need of the programs that are offered – students who are facing academic obstacles and show motivation to succeed in a challenging socio-economic environment. In the 6th grade, Tenacity students enter into the Middle School Academy program (MSA) where for three consecutive years they delve deep into programs that focus on advancing their literacy, English and vocabulary skills. Tenacity staff conducts daily programming, focusing equally on literacy and fitness/tennis, while working with the students to develop life skills; furthermore, Tenacity staff directly engage with each students’ family to develop family support and engagement for their student’s ultimate success

MSA graduates continue on to the College Prep & Post-Secondary Services program which provides academic and social support through a students’ high school experience and into their post-secondary pursuits (i.e. college, armed forces, and trade school). The transition to CP/PSS begins in the 8th grade, as Tenacity helps students identify and apply to their “best fit” high schools, where they will continue to enjoy academic success. During their high school careers, CP/PSS students receive mentoring and individualized life skills support, home visits and homework help and tutoring when necessary. Through working one on one and in workshops with Tenacity staff, students develop and fine tune their skillset for preparation to advance into college and beyond. Working closely with their Tenacity mentor, the students begin to identify the best college or post-secondary programs that are best suited for their specific needs and long-term life goals. Tenacity is proud to share that in 2015, 88% of its graduating high school students have gone on to a college or post-secondary program.

Tenacity proudly serves over 1200 youth annually and partners with Boston Public Schools to engage students in six schools and 34 area high schools

Impact Statement

Tenacity delivers free year-round programs to at-risk Boston youth for up to a decade of their lives in order to enable them to succeed in post-secondary pursuits. Recognizing the value of our long-term relationships and mentorship approach, Tenacity is committed to the youth we serve and seeing them through post-secondary completion. We focus on the whole child, fully committed to engaging youth in their academics and health equally so as to make them more resilient, self-confident, and responsible adults. Literacy and tennis are both part of the same overarching endeavor at Tenacity: to instill youth with the necessary life skills early in their development so that they can build on this foundation as they proceed through school and into adulthood.
 
Recent accomplishments include: 
 
  • Students in our Middle School Academy, the backbone of our Pathway Program, are significantly outperforming their peers in the English Language Arts MCAS exams.
  • Over 95% of Tenacity alumni graduate from high school.
  • Over 80% earn college scholarship support due to grades of B- or better.
  • At least 75%  are either in or have completed a post-secondary program.
Through our Next Chapter capacity building plan, our over the next few years is to double the number of school year youth we serve to over 2,000 was achieving a sustained post-secondary completion rate of 75%.

Needs Statement

Facilities: Access to open recreation facilities allows us to effectively teach tennis and offer our students open space for conducting fitness lessons. Increasing our access to facilities throughout Boston allows us to both accommodate our projected program expansion as well as make our existing programs more efficient by providing more conveniently located facilities.
 
Revenue to accommodate the Next Chapter operation cost growth: our multiyear capacity building plan: To accomplish our expansion, Tenacity's annual operating budget will grow from $3.4 million to $6+ million per year several years.
 
Board recruitment: Tenacity's board is a significant component of our organization, offering invaluable counsel and vision. Expanding our board offers us a greater array of backgrounds and experiences to draw upon, helping to further strengthen Tenacity.
 
Staffing: Tenacity maintains excellent staff-to-student. In order to maintain these ratios as we expand the number of students we serve over the next few years, Tenacity will need to increase its program staff.
 
Program leadership: Also in line with our program expansion, Tenacity will need the leadership necessary for engaging staff and students both, and executive high quality programs at all sites across Boston.

CEO Statement

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Board Chair Statement

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Geographic Area Served

In a specific U.S. city, cities, state(s) and/or region.
Greater Boston Region-All Neighborhoods
City of Boston- Citywide (Indiv. neighborhoods also listed)
City of Boston- Allston/ Brighton
City of Boston- North Dorchester
City of Boston- South Dorchester
City of Boston- Downtown
City of Boston- East Boston
City of Boston- Hyde Park
City of Boston- Jamaica Plain
City of Boston- Mattapan
City of Boston- North End
City of Boston- Roslindale
City of Boston- Roxbury
City of Boston- South Boston
City of Boston- West Roxbury

The majority of Tenacity sites are in Boston's Empowerment Zone or the Circle of Promise, in which the rates of low-income youth at-risk are significantly concentrated. Our youth reside in over 24 neighborhoods in the City of Boston, including Allston, Brighton, Downtown, Dorchester, East Boston, Hyde Park, Jamaica Plain, Mattapan, North End, Readville, Roslindale, Roxbury, South Boston, and West Roxbury.

Organization Categories

  1. Youth Development - Youth Development Programs
  2. Education - Elementary & Secondary Schools
  3. Recreation & Sports - Racquet Sports

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

College Prep & Alumni Services

This third chapter of our Pathway builds on the intensive instruction and skills our middle school students received, mentoring and guiding them through high school and beyond. College Prep & Alumni Service builds on the intensive instruction and skills our middle school students received, mentoring and guiding them through high school and beyond. Our high school and post-secondary students benefit from regular homework help sessions, college visits, field trips, activities to more fully engage students in their education and our programs, college advising, financial aid for college, and regular family and student workshops. 90% of Middle School Academy graduates continue on to our College Prep program services.
Budget  $374,000.00
Category  Education, General/Other Education, General/Other
Population Served Adolescents Only (13-19 years)
Program Short-Term Success  In addition to deepening our core activities, College Prep & Alumni Services will introduce significant programmatic changes. We will restructure program delivery to increase our impact and most effectively utilize our resources and more fully invest students and their families in our program. In the coming year, in order to deepen our focus in each service area we offer while accommodating an increase in students served, Tenacity anticipates increasing our College Prep & Alumni Services program staff size with the addition of 2 Coordinators for Student and Family Support, as well as an Associate Director of Academic Support & Enrichment. Our program will be successful if 95% of our high school seniors graduate, and 80% matriculate into a post-secondary program.
Program Long-Term Success 
Tenacity's long-term goal is to increase the number of at-risk Boston youth completing post-secondary programs. To that end, College Prep & Alumni Services aims to build on our progress by developing a set of support services specifically targeting our students in college and post-secondary programs. Having achieved high school graduation success, Tenacity now needs to expand its staff while focusing and intensifying our services to our older students. This effort will be successful if 75% of our students enrolled in post-secondary programs complete their programs.
 
Program Success Monitored By  College Prep & Alumni Services tracks GPA and maintains routine correspondences with our 9th-12th graders and their families for short-term quantitative and qualitative measures. Staff also tracks high school graduation, college matriculation, and college completion.
Examples of Program Success  Last year, we had a high school graduation rate of 96% and 82% college matriculation rate. To date, 75% of our high school graduates have either completed or are currently enrolled in a post-secondary program.

Elementary School Program

Tenacity's latest addition to the Pathway demonstrates a lengthening of the duration in which we can support and mentor our students. Every other week, Tenacity tennis instructors will introduce 500 4th & 5th graders to tennis and fitness, aiming to engage them through games and new skills with our Pathway leading to lifelong habits around health and academics. We expose youth ages 10 and under to tennis and our fitness curriculum, while continuing to introduce students and their families to concepts of wellness, fitness, and nutrition through our programs and family workshops. In addition, four to six times throughout the year Tenacity will conduct a three day tennis clinic after school to identify students motivated to take part in Tenacity’s Pathway to Post-Secondary Success.
 
The Elementary School Program is the newest addition to our Pathway, leading up to the intensive Middle School Academy and eventually our College Prep & Alumni Services programs for high school and college students that stay with Tenacity. As part of this new program, we also provide parental engagement for participating elementary school students, with at least four workshops annually focusing on engaging parents and families with their children’s academics and Tenacity’s unique approach.
Budget  $102,000.00
Category  Youth Development, General/Other Youth Development, General/Other
Population Served Children Only (5 - 14 years)
Program Short-Term Success  The success of the Elementary School Program is based on feedback we receive from student, staff, and family surveys. Feedback covers topics such as youth behaviors and attitudes in school after our program, and program quality overall.
Program Long-Term Success  We aim to expose 1,000 youth annually, ages 10 and under, in partnership with district schools. Our goal is to engage youth with our Pathway to Post-Secondary Success at an earlier age.
Program Success Monitored By  The Elementary School Program is qualitatively assessed through a questionnaire given to parents, students, and school staff
Examples of Program Success 
As the program grows, we see incredible feedback:
 
“Every time the kids realize they have Tenacity, they get super excited. I've also noticed that out of all the specials, the times they have Tenacity, they come back with fewer incidents (ie, fights) and more relaxed/ready to work.” – 4th grade teacher
 
"I think Tenacity is really good because it gets your body moving and it's energizing and good exercise." – Roxana, 5th grade
 
"It's teaching us to never give up because today when I was playing tennis I was kind of bad at it, but the instructors motivated me and then I got better." – Mena, 5th grade

Middle School Academy (MSA)

Middle School Academy offers youth at 6 BPS partner schools (Jackson Mann, Irving, McCormack, Frederick Pilot, Umana, Washington Irving schools) intensive daily programming for three consecutive years. Daily lessons will be evenly divided between literacy and tennis/fitness sessions. With a staff-to-student ratio of 1:4, students rotate among 4 literacy skills stations to foster literacy. The reading curriculum is based on the Department of Education English Language Arts guidelines, and tailored to each student’s needs. Daily life skills development will be infused throughout the lesson, and geared toward an improved attitude toward school. Staff will assist our 8th graders in identifying and applying to high schools. As part of the daily tennis/fitness agenda, students rotate through 4 stations with emphasis on skills, strength, and games to build confidence, motivation, and fitness. MSA also conducts 2 family visits per student annually, and family workshops throughout the year.
Budget  $1,802,000.00
Category  Education, General/Other Literacy
Population Served Children Only (5 - 14 years)
Program Short-Term Success  We aim to build on our outstanding student results while growing to serve more students through our deepening partnership with BPS. Tenacity will enhance our impact by ensuring that all students receive the same instruction from us so that the diversity of youth we serve can all gain the same benefits through teacher collaboration and emphasis on systematized routines and habits enforcing life skills of responsibility and organization. Staff will keep improving the academic progress of our students through rigorous professional development and performance feedback, strategic pullouts of high-need students for additional support, and standardization of best teaching practices. Tenacity will expand our impact. This school year, 2 of our partner schools were granted i3 funding with which to expand the school day. With the expansion of the school day, Tenacity will grow from serving 210 to 275 middle school students overall, while deepening our school partnership as we integrate into their school day schedule.
Program Long-Term Success  Tenacity's long-term goal is to increase the number of youth attending and completing college and other post-secondary programs. To that end, Middle School Academy seeks to instill youth with critical academic and life skills for an intensive dosage over three consecutive years. Youth will be better prepared for high school, both in terms of academic capability and the skills essential for persistence and motivation.
Program Success Monitored By  Middle School Academy is evaluated through periodic testing throughout the school year either using school-wide benchmark exams. These tests serve as measures for student progress throughout the year, and allow Tenacity staff to gauge the growth of its own students individually as well as compared to their non-Tenacity peers. Long-term evaluation relies on the MCAS results, which allow us to measure final English Language Arts proficiency in all years of MSA. We also track high school acceptances, fitness rankings, and tennis participation.
Examples of Program Success 
The success of Tenacity’s sustained 3 year Middle School Academy (MSA), the backbone of our Pathway to Post-Secondary Success, is highlighted by the MCAS results of its 8th grade students who by the 3rd year in MSA are scoring 35% higher ELA proficiency levels than their BPS counterparts, and are also outpacing their peers in terms of year to year ELA MCAS gain.
 
Tenacity Middle School Academy student outcome highlights based on spring 2012 English Language Arts MCAS results:
*35% greater student proficiency as compared to their peers by 8th grade
 
*20% greater student growth as compared to their peers by 8th grade
 
*Tenacity 8th graders saw a 40% improvement on ELA proficiency scoring from 7th grade as compared to a 17% improvement among their peers in the district as a whole
 
*Tenacity 8th graders saw a 28% greater ELA growth from 7th grade as compared to a 4% growth among their peers in the district as a whole

Summer Tennis & Reading Program

Tenacity offers the popular Summer Tennis & Reading Program (STRP) to 5,000 youth for six weeks, across 25 sites throughout Boston. STRP offers free, daily programming for youth ages 6-16, aiming to combat summer learning loss and keep youth mentally and physically engaged during the idle summer weeks. STRP offers 2 daily 3-hour sessions. Each session will consist of rotation stations, and students will spend 30 minutes at each of the tennis games, tennis skills, fitness, and reading stations. Health awareness will be introduced and emphasized during the fitness station, and we will conduct a Wellness Week with all station activities centered on wellness as a theme.Moreover, Tenacity expects to continue partnering with Boston Public Schools and Boston After School and Beyond in the Summer Learning Project. Over the summer, Tenacity delivers our school year curriculum blending literacy, life skills, and tennis/fitness to rising 4th graders to better prepare them for the school year.
Budget  $340,000.00
Category  Youth Development, General/Other
Population Served Children and Youth (0 - 19 years)
Program Short-Term Success  Each year, our goal is to promote an interest in tennis, fitness, and reading in our participants, while ensuring they have an overall fun and engaging experience. STRP aims to keep youth physically active and mentally engaged in the time between school years.
Program Long-Term Success  The long term goal of this staple program is to remain a City partner in offering 5,000 youth annually access to enriching, daily, free programming.
Program Success Monitored By  Summer Tennis & Reading Program is qualitatively assessed through a questionnaire given to parents and participants.
Examples of Program Success  This year overall, 91% of program participants indicated that their tennis skills had improved as a result of the program. 80% of program participants said they liked reading just as much or more than they did before the program began, and 73% indicated that they read for fun at home since STRP began this summer. Across all activities—tennis, reading, and fitness—the majority of participants “liked” or “really liked” the Summer Tennis & Reading Program. As a program highlight this past summer, over 145 students across Boston participated in the Mayor’s Cup Boston tennis tournament, which was run by Tenacity. Tenacity students won first place in the Boys 16 & Under doubles and the Boys 18 & Under Doubles, and were finalists in the Girls 16 & Under Doubles!

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Edward Eames
CEO Term Start May 1999
CEO Email [email protected]
CEO Experience Ned Eames is responsible for the overall management and strategic direction of Tenacity. Ned was Captain of the San Diego State Men's Tennis Team in 1982 and 1983 and played professionally on the ATP Satellite Tour for three years from 1983 to 1985. Ned's business experience includes five years in sales and marketing prior to becoming a management consultant to Fortune 500 companies from 1991 to 1997. He earned his MBA from Boston University.
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
Paula Coyle Senior Director of AmeriCorps & Recruiting Paula Coyle, Senior Director of Volunteers & Tenacity Fellows, comes to Tenacity with a life-long dedication to young adults and community service. She holds a B.A. from Allegheny College and a M.A. in Intercultural Relations from Lesley University. Paula's professional pursuits have been in student affairs and non-profit administration. Since moving to Boston, she has worked at City Year, the Benjamin Franklin Institute of Technology, and Citizen Schools. In each role, Paula has focused on empowering young people and building community.
Oneda Horne Director of College Prep and Post-Secondary Services --
Rob Lapides Chief Financial Officer (Consultant) Rob Lapides, Chief Financial Officer, is responsible for the overall business and financial operations of Tenacity. He brings over 20 years of experience in the private sector, having successfully founded, financed, and eventually sold 2 separate companies. In addition to his work for Tenacity, Rob is active in the investments world, working with several venture capital groups and private investors as a partner/liaison for the placement and management of investments in various early-stage companies.
Scott Lipman Director of Middle School Academy --
Gary Phillips Manager of Pathway Logistics Gary Phillips, Manager of Pathway Logistics since 2008, oversees our Elementary School Program and the operations side of our school year programs. Prior to joining Tenacity, Gary was a program coordinator for BELL (Building Educated Leaders for Life). He also spent 5 years as Principal of St. Anthony's School in Allston, where he also taught middle school social studies and language arts. Gary has developed programs to address the non-academic barriers to student learning, including the creation of a full service model community school.
Ian Schneiderman Vice President of Operations Ian Schneiderman, Director of Operations since 2007, oversees the team charged with implementing the Elementary Program Pilot and the Middle School Academy improvements. Ian brings over 20 years of experience in the for-profit corporate world where he served as an information technology executive for Arthur Andersen, The Forum Corporation and Sonus Networks. Ian received a BFA in theater from Carnegie-Mellon University.
Meryl Sheriden Vice President of Advancement --

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 43
Number of Part Time Staff 7
Number of Volunteers 150
Number of Contract Staff 28
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 0
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 79
Other (if specified): --
Gender Female: 0
Male: 0
Not Specified 79

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers --
Management Succession Plan --
Business Continuity of Operations Plan --
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit --
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. William F. Achtmeyer
Board Chair Company Affiliation The Parthenon Group
Board Chair Term Sept 2011 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. William F. Achtmeyer The Parthenon Group Voting
Mr. James B. Baldwin Baldwin/Clancy/Rogan Advertising Voting
Mr. Paul H. Collins American Trust Company, Knox Trail Boy Scout Council, Boston and West of Boston Visiting Nurse Association, World Family Foundation Voting
Mr. Edward W. Eames Tenacity Voting
Ms. Kate Sides Flather Massachusetts Society for the Prevention of Cruelty to Children, Boston Private Bank Voting
Mr. Paul C. Gannon The Baupost Group Voting
Mr. Mike Goss Bain Capital, Managing Director and CFO Voting
Mr. Lawrence D. Greenberg Greenberg-Summit Partners and Alydar Capital, The Boys and Girls Clubs of Boston, United Way of Mass Bay, Temple Shir Tikva Synagogue, Wayland, Combined Jewish Philanthropies Voting
Ms. Sarah O. Hoit Thomas Partners Investment Management, Harvard Business School, Dartmouth College Voting
Mr. Ralph M. James Harvard Business School Voting
Mr. Stephen B. Kay Goldman Sachs & Co. Voting
Mr. Ernest V. Klein Hale and Dorr LLP Voting
Ms. Caroline S. Lane Dorothy Bruno Hills Indoor Tennis League Voting
Mr. Larry Mayes City of Boston Voting
Mr. Joseph C. McNay Essex Investment Management Voting
Mr. Stan Mescon New Balance Voting
Mr. William D. Schultz Cohasset Tennis & Squash Club Voting
Mr. Roger T. Servison Fidelity Investments Voting
Mr. Ken Swan Lee Munder, CEO Voting

Constituent Board Members

Name Company Affiliations Status
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Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 18
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 16
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria No
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

    --

CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $4,239,128 $5,445,117 $3,003,356
Total Expenses $4,639,715 $4,056,159 $3,453,466

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
-- -- $485,000
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $3,719,085 $4,839,581 $2,027,856
Indirect Public Support -- -- --
Earned Revenue -- -- $3,760
Investment Income, Net of Losses $230 $192 $123
Membership Dues -- -- --
Special Events $459,603 $475,887 $395,980
Revenue In-Kind $60,210 $129,457 $90,637
Other -- -- --

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $3,214,463 $2,961,623 $2,405,648
Administration Expense $684,650 $530,951 $661,610
Fundraising Expense $740,602 $563,585 $386,208
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.91 1.34 0.87
Program Expense/Total Expenses 69% 73% 70%
Fundraising Expense/Contributed Revenue 18% 11% 13%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $4,081,498 $4,440,826 $3,100,115
Current Assets $3,931,804 $3,534,517 $2,177,085
Long-Term Liabilities -- -- $0
Current Liabilities $77,038 $35,779 $84,026
Total Net Assets $4,004,460 $4,405,047 $3,016,089

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line No
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities 51.04 98.79 25.91

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

Tenacity policy is to recognize revenue in the year in which it was due to be collected. Thus, the revenue associated with multi-year pledge commitments is recognized only in the years in which each pledge payment is due. GAAP accounting standards for audit and tax reporting purposes require that all of the revenue from any multi-year pledge commitments be recognized in the year in which they multi-year pledge is received. There is also a discount applied to the future year pledge revenue when being booked in the year the pledge is received. This has the effect of front end loading such revenue in the first year of a multi-year pledge versus presenting recognized revenue on year-by-year basis, as yearly pledge payments are due. Thus, it is not uncommon to have significant discrepancies in net surpluses/deficits when comparing internal financial reports to audited statements. While our Giving Common profile indicates that in FY11 we had a deficit according to our 990, our internal statements indicate a surplus because of this difference in policy.

Foundation Comments

Financial summary data in charts and graphs are per the organization's audited financials.  Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

Tenacity's long-term goal is to enable post-secondary success among Boston's at-risk youth. Having achieved a sustained high school graduation rate of 95%, our next goal is to achieve a sustained post-secondary completion rate of 75%.
 
Tenacity also aims to serve more of Boston's at-risk youth overall. Our goal is to grow from serving 1,000 school year youth to over 2,000 school year youth annually. 

2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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