Civic Intelligence

Randolph Music Boosters Inc

990 • Fiscal year 2014 • EIN 03-0614868

Sep 01, 2013 to Aug 31, 2014 • Filed on Jan 14, 2015

70 Memorial ParkwayRandolph, MA 02368-4506

(781) 963-1119

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

58th percentile

6.7%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-14%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$20,192

Up $2,119 (+12%) from 2013

Net Assets

Up

$20,069

Up $2,159 (+12%) from 2013

Liabilities

Down

$123

Down $40 (-25%) from 2013

Revenue

Down

$32,381

Down $5,349 (-14%) from 2013

Expenses

Down

$30,222

Down $20,026 (-40%) from 2013

Net Income

Up

$2,159

Up $14,677 (+117%) from 2013

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $48,185Liabilities 2011: $0Net Assets 2011: $48,1852011Assets 2012: $30,766Liabilities 2012: $338Net Assets 2012: $30,4282012Assets 2013: $18,073Liabilities 2013: $163Net Assets 2013: $17,9102013Assets 2014: $20,192Liabilities 2014: $123Net Assets 2014: $20,0692014Assets 2015: $21,972Liabilities 2015: $123Net Assets 2015: $21,8492015Assets 2016: $23,177Liabilities 2016: $123Net Assets 2016: $23,0542016Assets 2017: $23,460Liabilities 2017: $0Net Assets 2017: $23,4602017Assets 2018: $122,614Liabilities 2018: $0Net Assets 2018: $122,6142018Assets 2019: $86,367Liabilities 2019: $0Net Assets 2019: $86,3672019Assets 2020: $91,402Liabilities 2020: $0Net Assets 2020: $91,4022020

Highlighted filing

2014

Assets$20,192
Liabilities$123
Net Assets$20,069

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $68,586Expenses 2011: $20,401Net Income 2011: $48,1852011Expenses 2012: $71,3412012Revenue 2013: $37,730Expenses 2013: $50,248Net Income 2013: -$12,5182013Revenue 2014: $32,381Expenses 2014: $30,222Net Income 2014: $2,1592014Revenue 2015: $41,465Expenses 2015: $39,685Net Income 2015: $1,7802015Revenue 2016: $46,055Expenses 2016: $44,850Net Income 2016: $1,2052016Revenue 2017: $59,231Expenses 2017: $58,825Net Income 2017: $4062017Revenue 2018: $143,403Expenses 2018: $44,249Net Income 2018: $99,1542018Revenue 2019: $37,140Expenses 2019: $73,387Net Income 2019: -$36,2472019Revenue 2020: $50,397Expenses 2020: $45,362Net Income 2020: $5,0352020

Highlighted filing

2014

Revenue$32,381
Expenses$30,222
Net Income$2,159
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jan 14, 2015
Return Version
2013v4.0
Gross Receipts
$32,381
Mission and Program Overview

Mission

To support the music education programs and provide financial support and volunteers for the randolph public school music department and their events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$18,033$20,192▲ $2,159
Total Assets$18,073$20,192▲ $2,119
Other Assets Total$40$0▼ $40
Liabilities
Escrow Account Liability$163$123▼ $40
Total Liabilities$163$123▼ $40
Net Assets / Fund Balance
Unrestricted Net Assets$17,910$20,069▲ $2,159
Total Net Assets Fund Balance$17,910$20,069▲ $2,159
Total Liabilities and Net Assets / Fund Balance$18,073$20,192▲ $2,119
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharon SwainPresident
Thomas SwainDirector
Margaret R BooneClerk
Solimar CruzadoCorresponding Secretary
Sharyn MalnatiFinancial Secretary
Zoe McanultyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,577
Program Service Revenue
$6,804
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,916
Change in Net Assets
$2,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,311
Total Fundraising Expense$8,903
Grants and Similar Amounts Paid$4,911
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$7,125--$7,125
Grants to Domestic Individuals$4,911--$4,911
All Other Expenses$2,116$1,170-$3,286
Other Expenses$1,375-$8,903$1,375
Fees for Services Accounting-$500-$500
Office Expenses-$478-$478
Total Functional Expenses$19,171$2,148$8,903$30,222
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$12,207---
Event 2$1,985---
Total Events$21,661---
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
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, Section A, Line 2

Two members of the board are husband and wife

Form 990, Part VI, Section A, Line 6

Parents of students in the randolph public schools music programs are the members of the organization.

Form 990, Part VI, Section A, Line 7A

Parents of students in the randolph public schools music programs are the members of the organization and are responsible for election of the officers of the organziation.

Form 990, Part VI, Section B, Line 11

The organization's board of directors is provided with a complete copy of form 990 for review and approval before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Officers and directors are queried annually and their answers are reviewed by the entire board.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and tax forms available upon request. The organization's tax returns are also available on guidestar website and on the website of the masssachusetts attorney general's office.

Filing and Contact Details

Filer

EIN
03-0614868
Phone
7819631119

Signing Officer

Name
Sharon Swain
Title
President
Phone
7819631119
Signed
2015-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Swain
Formed
2010
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
100

Preparer

Preparer
Ronald M Finer CPA
Phone
7819616884
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Private lesson teacher: program service expenses 2,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,325. Summer music program faculty: program service expenses 4,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,800.

Form 990, Part IX, Line 24E

Registration fees: program service expenses 1,164. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,164. Program supplies: program service expenses 952. Management and general expenses 0. Fundraising expenses 0. Total expenses 952. Printing & copying: program service expenses 0. Management and general expenses 605. Fundraising expenses 0. Total expenses 605. Books & subscriptions: program service expenses 0. Management and general expenses 212. Fundraising expenses 0. Total expenses 212. Bank fees: program service expenses 0. Management and general expenses 179. Fundraising expenses 0. Total expenses 179. Postage: program service expenses 0. Management and general expenses 124. Fundraising expenses 0. Total expenses 124. State filing fees: program service expenses 0. Management and general expenses 50. Fundraising expenses 0. Total expenses 50.

Financial Statement Notes

PART IV, LINE 1B:

The organization receives and disburses funds on behalf of the randolph middle school which does not have its own bank account.

PART IV, LINE 2B:

The organization receives and disburses funds on behalf of the randolph middle school which does not have its own bank account. Students of the middle school do fund raising and turn the funds over to the organization for safekeeping. The organization disburses these funds as directed by the middle school.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES AND DISBURSES FUNDS ON BEHALF OF THE RANDOLPH MIDDLE SCHOOL WHICH DOES NOT HAVE ITS OWN BANK ACCOUNT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES AND DISBURSES FUNDS ON BEHALF OF THE RANDOLPH MIDDLE SCHOOL WHICH DOES NOT HAVE ITS OWN BANK ACCOUNT. STUDENTS OF THE MIDDLE SCHOOL DO FUND RAISING AND TURN THE FUNDS OVER TO THE ORGANIZATION FOR SAFEKEEPING. THE ORGANIZATION DISBURSES THESE FUNDS AS DIRECTED BY THE MIDDLE SCHOOL.
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021661
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0COFFEE CAKE FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0LOCAL CANNING DRIVES
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0TO FURTHER MUSIC EDUCATION
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt0200
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0GREGORY SWAIN
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0CHILD OF BOARD MEMBER
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0CASH SCHOLARSHIP
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO MEMBERS OF THE BOARD ARE HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PARENTS OF STUDENTS IN THE RANDOLPH PUBLIC SCHOOLS MUSIC PROGRAMS ARE THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PARENTS OF STUDENTS IN THE RANDOLPH PUBLIC SCHOOLS MUSIC PROGRAMS ARE THE MEMBERS OF THE ORGANIZATION AND ARE RESPONSIBLE FOR ELECTION OF THE OFFICERS OF THE ORGANZIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S BOARD OF DIRECTORS IS PROVIDED WITH A COMPLETE COPY OF FORM 990 FOR REVIEW AND APPROVAL BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND DIRECTORS ARE QUERIED ANNUALLY AND THEIR ANSWERS ARE REVIEWED BY THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND TAX FORMS AVAILABLE UPON REQUEST. THE ORGANIZATION'S TAX RETURNS ARE ALSO AVAILABLE ON GUIDESTAR WEBSITE AND ON THE WEBSITE OF THE MASSSACHUSETTS ATTORNEY GENERAL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIVATE LESSON TEACHER: PROGRAM SERVICE EXPENSES 2,325. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,325. SUMMER MUSIC PROGRAM FACULTY: PROGRAM SERVICE EXPENSES 4,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REGISTRATION FEES: PROGRAM SERVICE EXPENSES 1,164. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,164. PROGRAM SUPPLIES: PROGRAM SERVICE EXPENSES 952. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 952. PRINTING & COPYING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 605. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 605. BOOKS & SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 212. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 179. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 179. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 124. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 124. STATE FILING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 50. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10TOWN OF RANDOLPH PUBLIC SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0046001275
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC SCHOOL SYSTEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1070 MEMORIAL DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0RANDOLPH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode002368
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt025577
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH COLLECTED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10RANDOLPH PUBLIC SCHOOLS-FUNDRAISING FOR MUSIC DEPARTMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018073
IRS990/TotalAssetsEOYAmt020192
IRS990/TotalAssetsGrp/BOYAmt018073
IRS990/TotalAssetsGrp/EOYAmt020192
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt025577
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08903
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02148
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019171
IRS990/TotalFunctionalExpensesGrp/TotalAmt030222
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0163
IRS990/TotalLiabilitiesEOYAmt0123
IRS990/TotalLiabilitiesGrp/BOYAmt0163
IRS990/TotalLiabilitiesGrp/EOYAmt0123
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017910
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020069
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt019171
IRS990/TotalProgramServiceRevenueAmt06804
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06804
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032381
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018073
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020192
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt017910
IRS990/UnrestrictedNetAssetsGrp/EOYAmt020069
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1059 LAFAYETTE STREET
IRS990/USAddress/City0RANDOLPH
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode002368
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON SWAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819631119
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-01-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10RANDOLPH MUSIC BOOSTERS INC

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