Civic Intelligence

Tamworth Pre-School Inc.

990 • Fiscal year 2022 • EIN 02-0270074

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 09, 2023

27 Durrell RoadTamworth, NH 03886

(603) 323-8300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.21x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

45th percentile

2.0%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$17,280

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

58th percentile

6.6%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

49th percentile

7.7%

Faster revenue growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$171,353

Up $10,618 (+6.6%) from 2021

Net Assets

Up

$135,219

Up $6,635 (+5.2%) from 2021

Liabilities

Up

$36,134

Up $3,983 (+12%) from 2021

Revenue

Up

$336,777

Up $24,177 (+7.7%) from 2021

Expenses

Up

$330,170

Up $39,800 (+14%) from 2021

Net Income

Down

$6,607

Down $15,623 (-70%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2010: $170,646Liabilities 2010: $77,516Net Assets 2010: $93,1302010Assets 2011: $168,594Liabilities 2011: $83,182Net Assets 2011: $85,4122011Assets 2012: $198,243Liabilities 2012: $78,657Net Assets 2012: $119,5862012Assets 2014: $172,759Liabilities 2014: $44,945Net Assets 2014: $127,8142014Assets 2016: $197,857Liabilities 2016: $40,611Net Assets 2016: $157,2462016Assets 2017: $158,532Liabilities 2017: $44,626Net Assets 2017: $113,9062017Assets 2018: $154,786Liabilities 2018: $44,985Net Assets 2018: $109,8012018Assets 2019: $124,427Liabilities 2019: $47,307Net Assets 2019: $77,1202019Assets 2020: $146,830Liabilities 2020: $40,496Net Assets 2020: $106,3342020Assets 2021: $160,735Liabilities 2021: $32,151Net Assets 2021: $128,5842021Assets 2022: $171,353Liabilities 2022: $36,134Net Assets 2022: $135,2192022Assets 2023: $131,095Liabilities 2023: $14,736Net Assets 2023: $116,3592023Assets 2024: $76,876Liabilities 2024: $16,885Net Assets 2024: $59,9912024

Highlighted filing

2022

Assets$171,353
Liabilities$36,134
Net Assets$135,219

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $442,2882010Revenue 2011: $375,084Expenses 2011: $382,802Net Income 2011: -$7,7182011Expenses 2012: $407,1952012Revenue 2014: $279,149Expenses 2014: $276,590Net Income 2014: $2,5592014Revenue 2016: $294,117Expenses 2016: $279,642Net Income 2016: $14,4752016Revenue 2017: $274,319Expenses 2017: $317,659Net Income 2017: -$43,3402017Revenue 2018: $330,942Expenses 2018: $335,047Net Income 2018: -$4,1052018Revenue 2019: $321,657Expenses 2019: $354,336Net Income 2019: -$32,6792019Revenue 2020: $306,443Expenses 2020: $277,229Net Income 2020: $29,2142020Revenue 2021: $312,600Expenses 2021: $290,370Net Income 2021: $22,2302021Revenue 2022: $336,777Expenses 2022: $330,170Net Income 2022: $6,6072022Revenue 2023: $329,309Expenses 2023: $348,169Net Income 2023: -$18,8602023Revenue 2024: $251,952Expenses 2024: $308,323Net Income 2024: -$56,3712024

Highlighted filing

2022

Revenue$336,777
Expenses$330,170
Net Income$6,607
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 9, 2023
Return Version
2021v4.1
Gross Receipts
$337,992
Mission and Program Overview

Mission

To provide a safe, nurturing and stimulating environment for children. To seek a balance in addressing each child as a unique social, emotional, intellectual, and physical person. To empower children to be responsible, caring, creative, hardworking, and playful contributors to their community. To support and work in partnership with the children's families, both to respond to their needs and to offer participation in the center's daily life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$74,798$91,345▲ $16,547
Land, Buildings, and Equipment, Net$87,188$78,968▼ $8,220
Accounts Receivable$-1,251$1,040▲ $2,291
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$160,735$171,353▲ $10,618
Other Assets Total-$0-
Liabilities
Other Liabilities$29,943$31,842▲ $1,899
Accounts Payable and Accrued Expenses$2,208$4,292▲ $2,084
Total Liabilities$32,151$36,134▲ $3,983
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$128,584$130,219▲ $1,635
Net Assets With Donor Restrictions-$5,000-
Total Net Assets Fund Balance$128,584$135,219▲ $6,635
Total Liabilities and Net Assets / Fund Balance$160,735$171,353▲ $10,618

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$294$352,819$353,113
Equipment$57,494$19,865$77,359
Land$21,180--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nancy CovilleExecutive DirectorFT$17,280$17,280

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$156,859
Program Service Revenue
$153,337
Investment Income
$0
Other Revenue
$26,581
All Other Contributions
$5,022
Change in Net Assets
$6,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$210,617
Other Expenses$119,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$176,203--$176,203
Occupancy$32,557--$32,557
Current Officers, Directors, Trustees, and Key Employees$17,280--$17,280
Payroll Taxes$15,724--$15,724
Insurance$10,467--$10,467
Depreciation Depletion$8,220--$8,220
Fees for Services Accounting$7,551--$7,551
Other Expenses$6,917--$6,917
All Other Expenses$3,661--$3,661
Travel$2,018--$2,018
Other Employee Benefits$1,410--$1,410
Interest$1,109--$1,109
Advertising$201--$201
Total Functional Expenses$330,170$0$0$330,170
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,170
Fundraising Direct Expenses$1,215
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Appeal$26,140$26,140$1,215$24,925
Total Events$26,140$26,140$1,215$24,925
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Northway Bank Credit Line$20,210
Federal Form 941 Tax Liability$7,756
Capital One Visa$3,875
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Tamworth Pre-school Inc
EIN
02-0270074
Phone
6033238300
Address
27 DURRELL ROAD, TAMWORTH, NH 03886

Signing Officer

Name
Christina Bertogli
Title
Treasurer
Signed
2023-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Balomenos-Morgan
Legal Domicile
Nh
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
10

Preparer

Firm
Santoro & Sinnamon CPAs
Address
29 Mill Street Suite D-1, Wolfeboro, NH 03894
Preparer
Lorena A Sinnamon CPA
Phone
8002205521
Supplemental Narrative

Additional Explanations

Statement Note 1

Section 1.263(a)1(F) De Minimis Safe Harbor Election In accordance with the referenced regulation, management's policy isto expense upon acquisition individual units of tangible property at an itemizedcost not to exceed $ 500 prior to application of other applicable depreciationcode options, including IRC Code Sections 167, 168, and/or 179.

Other Changes In Net Assets Or Fund Balances - Other Increases

Adjustment to begining bank balance = $28

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IRS990/ProgSrvcAccomActy2Grp/Desc0ALTERNATIVE SCHOOLING, DAY CARE SERVICES, AND FOOD NUTRITION SUPPLEMENTS ARE PROVIDED TO STUDENTS AND OTHERS IN THE ORGANIZATION'S CARE. THE ORGANIZATION IS ALSO A CONDUIT FOR US DEPT. HHS HOME SERVICE PROVIDERS. TOTAL STUDENTS SERVED AVERAGES 120.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08220
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0138338
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0105451
IRS990/PYOtherRevenueAmt029678
IRS990/PYProgramServiceRevenueAmt0144584
IRS990/PYRevenuesLessExpensesAmt022230
IRS990/PYSalariesCompEmpBnftPaidAmt0184919
IRS990/PYTotalExpensesAmt0290370
IRS990/PYTotalRevenueAmt0312600
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt06607
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt074798
IRS990/SavingsAndTempCashInvstGrp/EOYAmt091345
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt057494
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019865
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077359
IRS990ScheduleD/LandGrp/BookValueAmt021180
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt021180
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0294
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0352819
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0353113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt220210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ONE VISA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FEDERAL FORM 941 TAX LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NORTHWAY BANK CREDIT LINE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt078968
IRS990ScheduleD/TotalLiabilityAmt031842
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PERIODICALLY, THE ORGANIZATION PUBLISHES IN THE LOCAL NEWSPAPER A DESCRIPTION OF ITS FACILITIES, SERVICES, AND ITS NON-DISCRIMINATION POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES PAYMENTS FROM FEDERAL AND STATE GOVERNMENTS UNDER TITLES IV & XX FOR TUITION REIMBURSEMENTS AND CERTAIN FOOD SUPPLEMENTS MADE AVAILABLE TO PRE-QUALIFIED STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01215
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL APPEAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026140
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026140
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026140
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026140
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024925
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01215
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01215
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Section 1.263(a)1(F) De Minimis Safe Harbor Election In accordance with the referenced regulation, management's policy isto expense upon acquisition individual units of tangible property at an itemizedcost not to exceed $ 500 prior to application of other applicable depreciationcode options, including IRC Code Sections 167, 168, and/or 179.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENT TO BEGINING BANK BALANCE = $28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Statement Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0160735
IRS990/TotalAssetsEOYAmt0171353
IRS990/TotalAssetsGrp/BOYAmt0160735
IRS990/TotalAssetsGrp/EOYAmt0171353
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0156859
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0330170
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330170
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032151
IRS990/TotalLiabilitiesEOYAmt036134
IRS990/TotalLiabilitiesGrp/BOYAmt032151
IRS990/TotalLiabilitiesGrp/EOYAmt036134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0128584
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0135219
IRS990/TotalProgramServiceExpensesAmt0330170
IRS990/TotalProgramServiceRevenueAmt0153337
IRS990/TotalReportableCompFromOrgAmt017280
IRS990/TotalRevenueGrp/ExclusionAmt024955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154963
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0336777
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0160735
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0171353
IRS990/TravelGrp/ProgramServicesAmt02018
IRS990/TravelGrp/TotalAmt02018
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027 DURRELL ROAD
IRS990/USAddress/CityNm0TAMWORTH
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003886
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.BEARCAMPVALLEYSCHOOL.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Christina Bertogli

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