2020-04-15T10:18:44-05:00 2019-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-07-01 320568985 DUET INC DUET 6177122848 50 MILK STREET SUITE 600 BOSTON MA 02110 MICHAEL LARSSON PRESIDENT AND CEO 6177122848 2020-04-15 1 JOYCE RIPIANZI CPA P00548581 5083669100 2020-04-14 40.70.31.102 2020-04-15 10:34:52 ED P 87AE54C884FF003181B05E7BF84F4C93A3EEF9A3 87AE54C884FF003181B05E7BF84F4C93A3EEF9A3 2018 2020-11-19 02:30:22Z X MICHAEL LARSSON 50 MILK STREET SUITE 600 BOSTON MA 02110 5224413 0 X WWW.DUET.ORG X 2018 MA DUET'S MISSION IS TO HELP COLLEGE STUDENTS EARN DEGREES BY PROVIDING SUPPORT AND COACHING. 4 3 33 0 0 0 4464203 754250 2950 3010 5224413 0 0 1880290 0 177452 1171375 3051665 2172748 8634365 140218 8494147 DUET'S MISSION IS TO HELP COLLEGE STUDENTS EARN DEGREES BY PROVIDING SUPPORT AND COACHING. 0 0 2370766 757260 DUET PROVIDES ENROLLMENT, DEGREE, AND CAREER COACHING, AND SUPPORT FOR STUDENTS ENROLLED IN CERTAIN COMPETENCY BASED PROGRAMS AT SOUTHERN NEW HAMPSHIRE UNIVERSITY. MOST STUDENTS ARE WORKING ADULTS WHO HAVE TRIED COLLEGE IN THE PAST. IN FISCAL YEAR 2019, DUET WORKED DIRECTLY WITH MORE THAN 300 STUDENTS WHO WERE ENROLLED IN SOUTHERN NEW HAMPSHIRE UNIVERSITY. 2370766 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NH X MIKE NILAND 6177122848 50 MILK STREET SUITE 600 BOSTON MA 02110 MICHAEL LARSSON PRESIDENT & CEO 40.00 X X 65318 0 7178 ANDREW BALSON DIRECTOR 1.00 X 0 0 0 STIG LESCHLY CHAIR 2.00 X X 0 0 0 JULIE SWERDLOW DIRECTOR 1.00 X 0 0 0 ELIZABETH MARINO TREASURER & CHIEF OF GROWTH/STRATEGY 40.00 X 70862 0 0 MICHELE CARROLL CLERK & COO 40.00 X 68922 0 623 205102 0 7801 0 0 0 0 0 4464203 4464203 COLLEGE FOR AMERICA FE 611710 754250 754250 754250 2950 2950 MISCELLANEOUS INCOME 611710 3010 3010 3010 5224413 757260 0 2950 440478 291675 77990 70813 1211654 1011878 132933 66843 105927 87904 8590 9433 122231 97350 14500 10381 7417 7417 53457 53457 60656 60656 79981 53372 26259 350 25485 9500 15985 427173 319108 93069 14996 15399 15399 50585 40042 6292 4251 14119 11123 2611 385 STUDENT SUPPORT 283098 283098 RECRUITING AND ENROLLME 106836 106836 TRANSITION COSTS 35050 35050 STAFF FOOD AND SUPPLIES 8181 8181 3938 250 3688 3051665 2370766 503447 177452 3600382 258100 4242634 221000 404060 176861 0 227199 0 85050 0 8634365 127825 0 12393 0 140218 X 4251513 4242634 0 8494147 0 8634365 X 2172748 6321399 0 X X 0 1 X 1 0 X 4464203 4464203 4464203 4464203 1006791 3457412 2950 2950 3010 3010 4470163 754250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199733 64968 134765 204327 111893 92434 227199 DEFERRED RENT 12393 12393 X 5224413 0 5224413 0 5224413 3051665 0 3051665 0 3051665 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY OF INCOME TAXES IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, INCOME TAXES (ASC 740), WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT 12 MONTHS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO DUET'S BOARD OF DIRECTORS FOR APPROVAL BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER, OR MANAGEMENT LEVEL EMPLOYEE (AN "INTERESTED PERSON") WHO KNOWS OF A PROPOSED CONTRACT OR TRANSACTION BETWEEN DUET, INC. ("DUET") AND HIMSELF OR HERSELF OR A RELATIVE, OR BETWEEN DUET AND ANY CORPORATION, PARTNERSHIP, ASSOCIATION, OR OTHER ORGANIZATION IN WHICH THE INTERESTED PERSON OR A RELATIVE IS A DIRECTOR, OFFICER, EMPLOYEE, OR HAS A FINANCIAL INTEREST, (A "RELATED ENTITY") SHALL DISCLOSE THE MATERIAL FACTS AS TO THE RELATIONSHIP OR INTEREST AND AS TO SUCH CONTRACT OR TRANSACTION (AN "INTERESTED TRANSACTION") TO THE BOARD OF DIRECTORS OF DUET OR THE COMMITTEE THEREOF WHICH IS AUTHORIZED BY THE BOARD TO REVIEW AND APPROVE THE CONTRACT OR TRANSACTION. ON OR BEFORE THE FIRST MEETING OF THE BOARD OF DIRECTORS EACH CALENDAR YEAR, EACH DIRECTOR AND OFFICER SHALL PROVIDE TO THE BOARD OF DIRECTORS A DISCLOSURE STATEMENT OF ALL INTERESTED TRANSACTIONS WITH DUET INVOLVING THE DIRECTOR IN SUCH FORM AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME SPECIFY. FAILURE BY A DIRECTOR TO PROVIDE SUCH STATEMENT WHEN DUE SHALL BE REPORTED TO THE BOARD OF DIRECTORS. EACH DIRECTOR, OFFICER AND MANAGEMENT LEVEL EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THIS CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY, C. HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, AND D. UNDERSTANDS THAT DUET IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 SALARY FOR THE CEO IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. SALARIES FOR OTHER EMPLOYEES ARE APPROVED BY THE PRESIDENT/CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: FISCAL YEAR 2019 WAS THE FIRST YEAR UNDER AUDIT FOR DUET. DUET SUBMITTED A REQUEST FOR PROPOSAL TO MULTIPLE AUDIT FIRMS. THE BIDS WERE REVIEWED BY THE PRESIDENT/CEO AND HE THEN SUBMITTED THE CHOICE TO THE FULL BOARD FOR APPROVAL. THE PRESIDENT/CEO THEN FINALIZED THE CONTRACT. THE AUDIT WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. ANNUALLY, THE PERFORMANCE OF THE AUDIT FIRM WILL BE REVIEWED BY THE PRESIDENT/CEO AND THE BOARD AND THE DECISION TO REENGAGE THE CURRENT AUDIT FIRM OR ENTER INTO A BIDDING PROCESS WILL BE DETERMINED. FORM 990, PART XI, LINE 8 DUET'S PROGRAM AS DESCRIBED IN PART III, LINE 4 WAS OPERATED BY THE MATCH FOUNDATION, INC. (MATCH) THROUGH JUNE 30, 2018, AT WHICH TIME DUET ASSUMED RESPONSIBILITY FOR THE PROGRAM AND BEGAN INDEPENDENT OPERATIONS. EFFECTIVE JUNE 30, 2018, MATCH TRANSFERRED NET ASSETS ASSOCIATED WITH THE PROGRAM TO DUET. THE TOTAL NET ASSET TRANSFER AT JUNE 30, 2018 CONSISTED OF THE FOLLOWING: CASH $2,292,835 ACCOUNTS RECEIVABLE $102,750 PLEDGES RECEIVABLE $3,608,931 PROPERTY AND EQUIPMENT $231,833 SECURITY DEPOSIT $85,050 TOTAL $6,321,399