Civic Intelligence

Applewood Learning Center Inc.

990 • Fiscal year 2019 • EIN 02-0433124

Sep 01, 2018 to Aug 31, 2019 • Filed on Jan 10, 2020

Two Hampton DriveLondonderry, NH 03053-3570

(603) 434-3139

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.41x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.50x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

36th percentile

-1.1%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$55,258

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-3.0%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$911,058

Down $50,430 (-5.2%) from 2018

Net Assets

Down

$535,187

Down $7,977 (-1.5%) from 2018

Liabilities

Down

$375,871

Down $42,453 (-10%) from 2018

Revenue

Down

$756,658

Down $23,519 (-3.0%) from 2018

Expenses

Up

$764,634

Up $31,653 (+4.3%) from 2018

Net Income

Down

-$7,976

Down $55,172 (-117%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $474,783Liabilities 2011: $210,573Net Assets 2011: $264,2102011Assets 2012: $461,458Liabilities 2012: $183,993Net Assets 2012: $277,4652012Assets 2013: $471,206Liabilities 2013: $199,807Net Assets 2013: $271,3992013Assets 2014: $480,358Liabilities 2014: $174,243Net Assets 2014: $306,1152014Assets 2015: $461,674Liabilities 2015: $150,938Net Assets 2015: $310,7362015Assets 2016: $574,378Liabilities 2016: $133,044Net Assets 2016: $441,3342016Assets 2017: $602,837Liabilities 2017: $106,870Net Assets 2017: $495,9672017Assets 2018: $961,488Liabilities 2018: $418,324Net Assets 2018: $543,1642018Assets 2019: $911,058Liabilities 2019: $375,871Net Assets 2019: $535,1872019Assets 2020: $843,262Liabilities 2020: $425,114Net Assets 2020: $418,1482020Assets 2021: $981,046Liabilities 2021: $417,717Net Assets 2021: $563,3292021Assets 2022: $1,115,663Liabilities 2022: $282,908Net Assets 2022: $832,7552022Assets 2023: $1,058,591Liabilities 2023: $257,607Net Assets 2023: $800,9842023Assets 2024: $1,076,651Liabilities 2024: $164,097Net Assets 2024: $912,5542024Assets 2025: $1,117,242Liabilities 2025: $121,447Net Assets 2025: $995,7952025

Highlighted filing

2019

Assets$911,058
Liabilities$375,871
Net Assets$535,187

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $686,886Expenses 2011: $687,542Net Income 2011: -$6562011Revenue 2012: $670,510Expenses 2012: $655,209Net Income 2012: $15,3012012Revenue 2013: $713,934Expenses 2013: $687,476Net Income 2013: $26,4582013Revenue 2014: $722,015Expenses 2014: $686,781Net Income 2014: $35,2342014Revenue 2015: $681,540Expenses 2015: $676,920Net Income 2015: $4,6202015Revenue 2016: $830,477Expenses 2016: $699,981Net Income 2016: $130,4962016Revenue 2017: $742,231Expenses 2017: $687,608Net Income 2017: $54,6232017Revenue 2018: $780,177Expenses 2018: $732,981Net Income 2018: $47,1962018Revenue 2019: $756,658Expenses 2019: $764,634Net Income 2019: -$7,9762019Revenue 2020: $639,424Expenses 2020: $756,463Net Income 2020: -$117,0392020Revenue 2021: $909,050Expenses 2021: $763,869Net Income 2021: $145,1812021Revenue 2022: $1,072,174Expenses 2022: $818,495Net Income 2022: $253,6792022Revenue 2023: $790,235Expenses 2023: $859,549Net Income 2023: -$69,3142023Revenue 2024: $895,979Expenses 2024: $825,688Net Income 2024: $70,2912024Revenue 2025: $939,699Expenses 2025: $871,775Net Income 2025: $67,9242025

Highlighted filing

2019

Revenue$756,658
Expenses$764,634
Net Income-$7,976
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jan 10, 2020
Return Version
2018v3.2
Gross Receipts
$760,075
Mission and Program Overview

Mission

To provide child care and educational services to children aging from six months to 15 years.

To provide child care and educational services to children aging from six months to 15 years

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$676,876$644,130▼ $32,746
Cash and Non-Interest-Bearing Accounts$270,895$246,642▼ $24,253
Investments in Publicly Traded Securities$13,173$13,773▲ $600
Accounts Receivable-$6,022-
Intangible Assets$544$491▼ $53
Total Assets$961,488$911,058▼ $50,430
Liabilities
Mortgage Notes Payable Secured by Investment Property$359,850$331,706▼ $28,144
Deferred Revenue$40,032$41,538▲ $1,506
Accounts Payable and Accrued Expenses$18,442$2,627▼ $15,815
Total Liabilities$418,324$375,871▼ $42,453
Net Assets / Fund Balance
Unrestricted Net Assets$543,164$535,187▼ $7,977
Total Net Assets Fund Balance$543,164$535,187▼ $7,977
Total Liabilities and Net Assets / Fund Balance$961,488$911,058▼ $50,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$233,064$394,065$627,129
Leasehold Improvements$405,316$16,988$422,304
Equipment$5,750$30,488$36,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth BrunetteExecutive DiFT$55,258$55,258

Board Members and Trustees

NameTitle
Marc MacgillivrayPresident
Joe RuscittoMember at La
Christine PentaSecretary
Annemarie HoganTeacher Rep
Ben SchoenbergTreasurer
Angela CurrieVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,197
Program Service Revenue
$739,358
Investment Income
$1,658
Other Revenue
$14,445
All Other Contributions
$759
Change in Net Assets
$-7,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$573,721
Other Expenses$190,913
Total Fundraising Expense$7,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$387,886$86,197$4,788$478,871
Current Officers, Directors, Trustees, and Key Employees$44,759$9,946$553$55,258
Payroll Taxes$32,070$7,127$395$39,592
Insurance$27,310$6,069$337$33,716
Depreciation Depletion$31,159$1,640-$32,799
Interest$17,958$3,991$222$22,171
Other Expenses$10,104$2,245$125$12,474
All Other Expenses$10,859$1,515$84$12,458
Office Expenses$1,106$4,661$56$5,823
Fees for Services Other$2,098$466$26$2,590
Travel$1,472$327$18$1,817
Fees for Services Accounting$931$247$197$1,375
Fees for Service Investment Mgmnt Fees-$1,225-$1,225
Fees for Services Legal-$398-$398
Advertising$204$45$3$252
Total Functional Expenses$623,198$134,184$7,252$764,634
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,640
Fundraising Direct Expenses$3,417
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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, Page 6, Part VI, Line 7A

The board and management put forth nominations for new members

Form 990, Page 6, Part VI, Line 11B

Independent bookkeeper, executive director and board review 990

Form 990, Page 6, Part VI, Line 12C

Verbally asked to disclose conflicts of interests

Form 990, Page 6, Part VI, Line 18

AVAILABLE UPON REQUEST

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Applewood Learning Center Inc
EIN
02-0433124
Phone
6034343139
Address
TWO HAMPTON DRIVE, LONDONDERRY, NH 03053-3570

Signing Officer

Name
Elizabeth Brunette
Title
Executive Director
Phone
6034343139
Signed
2020-01-10

Organization Details

Principal Officer
Elizabeth Brunette
Formed
1989
Legal Domicile
Nh
Voting Board Members
7
Independent Board Members
6
Employees
33
Volunteers
1

Preparer

Firm
Carew & Wells Pllc
Address
104 N STATE ST, CONCORD, NH 03301
Preparer
Robin D Wells
Phone
6032243950
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To provide child care and educational services to children aging from six months to fifteen years

Form 990, Part XI, Line 9

Book / tax depreciation difference -1

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0691375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt138637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4105
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE CHILD CARE AND EDUCATIONAL SERVICES TO CHILDREN AGING FROM SIX MONTHS TO FIFTEEN YEARS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0893
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0989
IRS990/PYOtherExpensesAmt0180676
IRS990/PYOtherRevenueAmt04535
IRS990/PYProgramServiceRevenueAmt0773760
IRS990/PYRevenuesLessExpensesAmt047196
IRS990/PYSalariesCompEmpBnftPaidAmt0552305
IRS990/PYTotalExpensesAmt0732981
IRS990/PYTotalRevenueAmt0780177
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-7976
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0739358
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0233064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0394065
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0627129
IRS990ScheduleD/EquipmentGrp/BookValueAmt05750
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030488
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036238
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0405316
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016988
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0422304
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0644130
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0KEPT AT SCHOOL AVAILABLE FOR PUBLIC INSPECTION, IS ALSO PUBLISHED IN STUDENT HANDBOOK, ON THE WEBSITE, AND THE FACEBOOK PAGE AVAILABLE TO PUBLIC
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE CHILD CARE AND EDUCATIONAL SERVICES TO CHILDREN AGING FROM SIX MONTHS TO FIFTEEN YEARS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD AND MANAGEMENT PUT FORTH NOMINATIONS FOR NEW MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INDEPENDENT BOOKKEEPER, EXECUTIVE DIRECTOR AND BOARD REVIEW 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VERBALLY ASKED TO DISCLOSE CONFLICTS OF INTERESTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE -1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0961488
IRS990/TotalAssetsEOYAmt0911058
IRS990/TotalAssetsGrp/BOYAmt0961488
IRS990/TotalAssetsGrp/EOYAmt0911058
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01197
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07252
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0134184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0623198
IRS990/TotalFunctionalExpensesGrp/TotalAmt0764634
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0418324
IRS990/TotalLiabilitiesEOYAmt0375871
IRS990/TotalLiabilitiesGrp/BOYAmt0418324
IRS990/TotalLiabilitiesGrp/EOYAmt0375871
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0543164
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0535187
IRS990/TotalProgramServiceExpensesAmt0623198
IRS990/TotalProgramServiceRevenueAmt0739358
IRS990/TotalReportableCompFromOrgAmt055258
IRS990/TotalRevenueGrp/ExclusionAmt08880
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0739358
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0756658
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0961488
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0911058
IRS990/TravelGrp/FundraisingAmt018
IRS990/TravelGrp/ManagementAndGeneralAmt0327
IRS990/TravelGrp/ProgramServicesAmt01472
IRS990/TravelGrp/TotalAmt01817
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0543164
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0535187
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt068 LITCHFIELD ROAD
IRS990/USAddress/CityNm0LONDONDERRY
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003053
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0APPLEWOODLC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH BRUNETTE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.12$0.12$1.00$0.94$0.87$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.16$0.91$0.90$0.83$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.06$0.26$0.80$0.79$0.86$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.28$0.83$1.07$0.82$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.42$0.56$0.91$0.76$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.84$0.43$0.42$0.64$0.76$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.91$0.38$0.54$0.76$0.76$0.01
2018Summary only. Only limited summary data is available for this year.$0.96$0.42$0.54$0.78$0.73$0.05
2017Summary only. Only limited summary data is available for this year.$0.60$0.11$0.50$0.74$0.69$0.05
2016Summary only. Only limited summary data is available for this year.$0.57$0.13$0.44$0.83$0.70$0.13
2015Summary only. Only limited summary data is available for this year.$0.46$0.15$0.31$0.68$0.68$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.17$0.31$0.72$0.69$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.20$0.27$0.71$0.69$0.03
2012Summary only. Only limited summary data is available for this year.$0.46$0.18$0.28$0.67$0.66$0.02
2011Summary only. Only limited summary data is available for this year.$0.47$0.21$0.26$0.69$0.69$0.00