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INROADS Inc: New England Region

 114 State Street, 4th Floor
 Boston, MA 02109
[P] (617) 482-5202
[F] (203) 975-1996
www.inroads.org
[email protected]
Valeria Wells
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INCORPORATED: 1976
 Printable Profile (Summary / Full)
EIN 62-0967197

LAST UPDATED: 10/19/2015
Organization DBA INROADS New England Region, Inc.
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

The mission of INROADS is to develop and place talented underserved youth in business and industry, and prepare them for corporate and community leadership.

Mission Statement

The mission of INROADS is to develop and place talented underserved youth in business and industry, and prepare them for corporate and community leadership.


FinancialsMORE »

Fiscal Year June 01, 2013 to May 31, 2014
Projected Income $1,731,365.00
Projected Expense $1,914,776.00

ProgramsMORE »

  • College Internship Program

Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

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


Overview

Mission Statement

The mission of INROADS is to develop and place talented underserved youth in business and industry, and prepare them for corporate and community leadership.


Background Statement

INROADS began in 1970, when founder Frank C. Carr marveled at the startling racial homogeneity of Corporate America. Inspired by Dr. Martin Luther King's vision of fairness and equity, he walked away from his executive position and launched INROADS in his hometown of Chicago with 25 student interns receiving "real world" education at 17 sponsoring companies.  INROADS has since expanded and operates throughout the U.S., Mexico, and Canada.  INROADS trains and places nearly 2,000 young men and women each year in renewable, salaried internships.  The New England Regional office, which includes the Boston metropolitan area, sponsors 300 interns per year. To date, INROADS has produced over 24,000 alumni.  
 
The College Internship is INROADS' flagship program. We accomplish our mission by recruiting high-potential college students and providing them with work-readiness training, life-skills mentoring, and internship positions within national and regionally-based corporations.  College undergraduates begin the internship process by participating in training sessions to get them "Day 1 Ready" for their positions within corporate offices. Over the course of their college careers, interns receive mentoring, career coaching, and continuous leadership development and training to ensure that they thrive and advance within the corporate environment. Our leadership development training is designed to be immediately applicable to the real world and represents a solid foundation for the Intern’s professional development. This learning is achieved by the transfer of skills associated with competencies that companies have identified as being essential to professional success. Our corporate partners benefit tremendously from having direct access to our diverse pool of highly qualified, well-trained students. Most importantly, the lives of young men and women are transformed due to the academic and career success inherent within the INROADS process.  By placing students on an early career track, our students graduate from college on-time and are prepared to compete on the fast track towards corporate leadership.

INROADS also maintains an active alumni association. INROADS Alumni play an integral role in ensuring that the mission and vision of INROADS thrives. Alumni remain engaged as internship providers, donors, mentors, and volunteers who work with INROADS to deliver comprehensive training and support to INROADS interns and new members of the alumni community.


Impact Statement

INROADS-New England Region accomplishments include the following:

In 2011, 58.1% of INROADS interns were converted into permanent hires by our corporate sponsors - an increase of 3% when comparing our most recent 3-year conversion rate averages;

In spite of slow economic recovery, our revenue increased by 13% and our region led in internship placements when compared to INROADS’ other regional operations;

 

INROADS - New England Region fulfilled 85% of requests for interns, compared to an 80% fulfillment rate in the prior year.


Needs Statement

INROADS – New England Region’s most pressing needs are as follows:

Increase number of students served by INROADS-New England Region from 300 to 383 by 2014.

Capitalize on potential revenue by fulfilling all company requests for interns. Each internship placement represents revenue from a sponsoring company, which in turn funds leadership programming and training for interns ($4,750 revenue per fulfilled position).

Increase staff capacity in order to expand recruitment territory and recruit additional college students majoring in Business, Finance, Accounting, and Mechanical Engineering ($60,000 cost for staff recruiter) to fulfill company requests for interns.

Increase staff capacity in order to increase high-touch programming in the areas of candidate preparation and monthly coaching of interns ($110,000 cost for (2) program staff).

Increase fundraising capacity via consultant or loaned executive solely dedicated to grantwriting and the planning and implementation of fundraising events ($70,000 cost or in-kind).


CEO Statement

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Board Chair Statement

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Geographic Area Served

Greater Boston Region-All Neighborhoods
Central Massachusetts Region
--

Organization Categories

  1. Employment - Job Training
  2. Education - Student Services
  3. Public & Societal Benefit - Leadership Development

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

Under Development

Programs

College Internship Program

The INROADS College Internship Program is the reason for our existence and encompasses all staff and program efforts.  INROADS identifies talented underserved college students through a competitive selection process. College undergraduates begin the internship process by participating in training sessions to get them “Day 1 Ready” for their positions within corporate offices. The New England region provides corporate readiness training and leadership development to 300 interns each year.INROADS utilizes a comprehensive approach during its ongoing training process. Interns are mentored by a designated INROADS staff member and they are coached on the job by a company representative. Additionally, interns are required to complete several courses via INROADS’ online learning laboratory. Nationally-established competencies are reinforced year after year so that by the time that interns graduate from college, they are primed for permanent employment at their sponsoring companies.

Budget  $1,900,000.00
Category  Employment, General/Other Internships
Population Served Minorities
Program Short-Term Success 

Interns will report being at least 60% more knowledgeable regarding their respective industry-specific career paths and related career-entry requirements when compared to pre-program knowledge.

At least 70% of interns will increase study time by 25% (vs. pre-program study time) and as a result, advance to the next grade level with a minimum 3.5 GPA.

Interns will participate in 24 hours of corporate-readiness instruction and 240 to 280 hours in internships. Interns will score 75% higher on post-test results and work supervisor evaluations.

Program Long-Term Success 
By the completion of the internship process (2-3 years depending upon entry point):

90% of INROADS interns will receive their bachelor’s degrees within five years of entering college.
75% of INROADS interns will be converted into permanent hires by their internship sponsoring companies.
INROADS' overall vision is that Corporate America will reflect the diversity of the nation, hence, long-term success will be reflected accordingly:

5% of INROADS’ graduates will obtain executive management positions within 20 years of college graduation while an overall 13% will obtain corporate leadership positions by the age of 50.

Program Success Monitored By 

INROADS measures progress through the use of pre- and post-inventories; formal evaluations from work supervisors; student submission of official transcripts; program evaluation by student participants, instructors, and administrative staff; tracking of intern graduation and job offers; and alumni updates via the National INROADS Alumni Association.

Examples of Program Success 
The following testimonies are illustrative of INROADS' impact on participants:
 

“The experience I learned at INROADS got me where I am today. I have a job that I love, I'm able to support my family, and I'm learning new things every day. I have had great opportunities to advance…I’m proud of what I’ve done so far, and I really look forward to going further in the near future." Adrian Herrera, Former INROADS Intern and Vice President of Deusche Bank

“My mentor helped me to focus on the opportunities, not the issues…to create a career plan, with much higher goals than I would have thought possible, and taught me how to deal with business reality, and be the one that seeks solutions. I truly believe that INROADS is one of the most influential organizations in the country…It is like church…you get more out of it by being there versus not...” William B. Jones, Former INROADS Intern and Vice President, National Retail Sales, Anheuser-Busch


CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Mr. Don McAulay
CEO Term Start Mar 2012
CEO Email [email protected]
CEO Experience --
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
-- -- --

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

--

Foundation Comments

--

Staff Information

Number of Full Time Staff 8
Number of Part Time Staff 0
Number of Volunteers 40
Number of Contract Staff 0
Staff Retention Rate % --

Staff Demographics

Ethnicity African American/Black: 6
Asian American/Pacific Islander: 0
Caucasian: 0
Hispanic/Latino: 2
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 5
Male: 3
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 5
Management Succession Plan Under Development
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy No
State Charitable Solicitations Permit No
State Registration No

Risk Management Provisions

--

Reporting and Evaluations

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

Governance


Board Chair Mr. Jeffrey Pino
Board Chair Company Affiliation UTC Sikorsky Aircraft
Board Chair Term June 2006 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Mr. Peter Brennan PricewaterhouseCoopers LLP Voting
Mr. H. Chuck Johnson Pitney Bowes Voting
Mr. Stephen Johnson PricewaterhouseCoopers LLP Voting
Mr. Theodore Jones III Money Concepts Voting
Mr. Paul Judd Baystate Health Systems Voting
Ms. Christine Lahey Liberty Mutual Voting
Ms. Andrea McEwen-Henderson National Association of Colleges & Employers Voting
Mr. Kurt Percy United Technologies Voting
Mr. Jeffrey Pino UTC Sikorsky Aircraft Voting
Mr. William Queen Traveler's Voting
Mr. David Reilly Metlife Auto & Home Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 3
Asian American/Pacific Islander: 0
Caucasian: 8
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 2
Male: 9
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 27%
Percentage of In-Kind Contributions --
Constituency Includes Client Representation Yes

Standing Committees

    --

CEO/Executive Director/Board Comments

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Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Fiscal Year June 01, 2013 to May 31, 2014
Projected Income $1,731,365.00
Projected Expense $1,914,776.00
Form 990s

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2013 Audited Financials

2012 Audited Financials

2011 Audited Financials

2010 Audited Financials

2009 Audited Financials

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2013 2012 2011
Total Revenue $1,850,533 $1,623,646 $1,531,760
Total Expenses $1,739,276 $1,816,243 $2,040,574

Prior Three Years Revenue Sources

Fiscal Year 2013 2012 2011
Foundation and
Corporation Contributions
-- -- $10,676
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $28,536 $37,247 $5,748
Indirect Public Support -- -- --
Earned Revenue $1,483,500 $1,491,000 $1,197,000
Investment Income, Net of Losses $164,829 $-42,241 $178,203
Membership Dues -- -- --
Special Events $153,995 $114,850 $120,145
Revenue In-Kind -- -- --
Other $19,673 $22,790 $19,988

Prior Three Years Expense Allocations

Fiscal Year 2013 2012 2011
Program Expense $1,304,457 $1,362,182 $1,530,431
Administration Expense $347,855 $363,249 $408,115
Fundraising Expense $86,964 $90,812 $102,029
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.06 0.89 0.75
Program Expense/Total Expenses 75% 75% 75%
Fundraising Expense/Contributed Revenue 48% 60% 75%

Prior Three Years Assets and Liabilities

Fiscal Year 2013 2012 2011
Total Assets $1,547,783 $1,409,582 $1,600,553
Current Assets $1,520,993 $1,405,209 $1,590,848
Long-Term Liabilities $0 $0 $0
Current Liabilities $10,151 $8,207 $6,581
Total Net Assets $1,537,632 $1,401,375 $1,593,972

Prior Three Years Top Three Funding Sources

Fiscal Year 2013 2012 2011
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
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 2013 2012 2011
Current Ratio: Current Assets/Current Liabilities 149.84 171.22 241.73

Long Term Solvency

Fiscal Year 2013 2012 2011
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

INROADS has traditionally generated income by collecting fees from corporations that sponsor interns. The nation’s recent economic downturn forced corporate downsizing which resulted in fewer internship slots. These conditions directly impacted our capacity to generate revenue.

For the past several years, INROADS has not broken even in our revenue minus expenses, but our financial reserves remain plentiful. It was important to INROADS to invest in its future by maintaining a cash reserve for the very purpose of not only existing through challenging economic conditions but to be in the position to emerge from those times with new ideas that better serve our constituents.  Our current fundraising strategy, which is focused upon appealing to community and national foundations, represents our new approach to ensuring that we continue to train and mentor underserved students.

 
Please note that financials are compiled for the entire organization; however, our audited statements include a section that provides financial breakdowns by region.  Please refer to this section for specific financial information for the INROADS - New England Region.

Foundation Comments

Financial summary data in the charts and graphs above reflects INROADS, Inc. New England, per the supplementary regional information contained within INROADS, Inc.'s audited financials. The nonprofit provided a breakout of functional expenses for fiscal years 2013, 2012 and 2011. Contributions from foundations and corporations are listed under individuals when the breakout was not available.

Documents


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?

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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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