Civic Intelligence

The Commonwealth School Inc

990 • Fiscal year 2019 • EIN 04-2228167

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

151 Commonwealth AvenueBoston, MA 02116-2347

(617) 266-7525

Siviq Scores

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

Liabilities / Assets

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.19x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$280,263

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

23rd percentile

-1.8%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

14%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$30,727,384

Down $557,400 (-1.8%) from 2018

Net Assets

Up

$28,688,630

Up $3,301,238 (+13%) from 2018

Liabilities

Down

$2,038,754

Down $3,858,638 (-65%) from 2018

Revenue

Up

$10,650,552

Up $1,328,632 (+14%) from 2018

Expenses

Up

$8,846,966

Up $114,999 (+1.3%) from 2018

Net Income

Up

$1,803,586

Up $1,213,633 (+206%) from 2018

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $17,542,040Liabilities 2011: $914,029Net Assets 2011: $16,628,0112011Assets 2012: $17,550,396Liabilities 2012: $908,436Net Assets 2012: $16,641,9602012Assets 2013: $17,970,888Liabilities 2013: $863,594Net Assets 2013: $17,107,2942013Assets 2014: $20,162,086Liabilities 2014: $944,783Net Assets 2014: $19,217,3032014Assets 2015: $22,701,091Liabilities 2015: $1,909,072Net Assets 2015: $20,792,0192015Assets 2016: $22,508,153Liabilities 2016: $1,503,283Net Assets 2016: $21,004,8702016Assets 2017: $25,448,890Liabilities 2017: $1,613,027Net Assets 2017: $23,835,8632017Assets 2018: $31,284,784Liabilities 2018: $5,897,392Net Assets 2018: $25,387,3922018Assets 2019: $30,727,384Liabilities 2019: $2,038,754Net Assets 2019: $28,688,6302019Assets 2020: $31,055,876Liabilities 2020: $1,927,755Net Assets 2020: $29,128,1212020Assets 2021: $37,136,185Liabilities 2021: $2,199,938Net Assets 2021: $34,936,2472021Assets 2022: $34,272,727Liabilities 2022: $2,189,885Net Assets 2022: $32,082,8422022Assets 2023: $37,370,429Liabilities 2023: $2,677,300Net Assets 2023: $34,693,1292023Assets 2024: $40,932,581Liabilities 2024: $2,893,358Net Assets 2024: $38,039,2232024

Highlighted filing

2019

Assets$30,727,384
Liabilities$2,038,754
Net Assets$28,688,630

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,129,309Expenses 2011: $6,329,524Net Income 2011: -$200,2152011Expenses 2012: $6,412,5962012Revenue 2013: $6,957,193Expenses 2013: $7,236,458Net Income 2013: -$279,2652013Revenue 2014: $7,979,864Expenses 2014: $7,177,939Net Income 2014: $801,9252014Revenue 2015: $10,164,915Expenses 2015: $7,524,676Net Income 2015: $2,640,2392015Revenue 2016: $7,898,680Expenses 2016: $7,710,517Net Income 2016: $188,1632016Revenue 2017: $9,072,849Expenses 2017: $7,676,291Net Income 2017: $1,396,5582017Revenue 2018: $9,321,920Expenses 2018: $8,731,967Net Income 2018: $589,9532018Revenue 2019: $10,650,552Expenses 2019: $8,846,966Net Income 2019: $1,803,5862019Revenue 2020: $9,051,547Expenses 2020: $8,689,357Net Income 2020: $362,1902020Revenue 2021: $11,096,073Expenses 2021: $9,179,976Net Income 2021: $1,916,0972021Revenue 2022: $9,735,784Expenses 2022: $10,020,471Net Income 2022: -$284,6872022Revenue 2023: $18,809,590Expenses 2023: $9,769,358Net Income 2023: $9,040,2322023Revenue 2024: $11,656,790Expenses 2024: $10,690,578Net Income 2024: $966,2122024

Highlighted filing

2019

Revenue$10,650,552
Expenses$8,846,966
Net Income$1,803,586
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.1
Gross Receipts
$10,650,552
Mission and Program Overview

Mission

Secondary school education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,761,993$15,046,545▲ $2,284,552
Land, Buildings, and Equipment, Net$10,422,417$10,089,814▼ $332,603
Savings and Temporary Cash Investments$3,761,927$3,184,907▼ $577,020
Pledges and Grants Receivable$2,559,399$1,819,052▼ $740,347
Loans From Officers Directors$350,000--
Receivables From Officers Etc$235,715$223,418▼ $12,297
Accounts Receivable$83,739$199,837▲ $116,098
Prepaid Expenses and Deferred Charges$90,479$108,641▲ $18,162
Other Notes and Loans Receivable, Net$61,167$55,020▼ $6,147
Cash and Non-Interest-Bearing Accounts$150$150→ $0
Inventories for Sale or Use$0--
Total Assets$30,025,510$30,727,384▲ $701,874
Other Assets Total$48,524--
Liabilities
Deferred Revenue$1,997,775$1,036,264▼ $961,511
Accounts Payable and Accrued Expenses$691,793$678,201▼ $13,592
Other Liabilities$0$265,425▲ $265,425
Mortgage Notes Payable Secured by Investment Property$76,868$58,864▼ $18,004
Total Liabilities$3,116,436$2,038,754▼ $1,077,682
Net Assets / Fund Balance
Unrestricted Net Assets$17,576,802$17,430,675▼ $146,127
Permanently Rstr Net Assets$9,019,608$9,019,608→ $0
Temporarily Rstr Net Assets$312,664$2,238,347▲ $1,925,683
Total Net Assets Fund Balance$26,909,074$28,688,630▲ $1,779,556
Total Liabilities and Net Assets / Fund Balance$30,025,510$30,727,384▲ $701,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,638,226$1,717,472$11,355,698
Equipment$294,754$770,627$1,065,381
Land$86,443-$86,443
Leasehold Improvements$53,264$14,094$67,358
Other Land Buildings$17,127$0$17,127

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$9,977,132---$9,977,132
2017$9,977,132---$9,977,132
2016$9,977,132---$9,977,132
2015$9,331,290$1,089,582→ $0$314,033$9,977,132
2014$8,916,071$1,930,594▼ $46,354$1,331,596$9,331,290
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William WhartonHeadmasterFT$243,375$36,888$280,263
William Wharton--$243,375$36,888$280,263
Revenue and Support

Revenue Composition

Contributions and Grants
$2,720,878
Program Service Revenue
$6,671,781
Investment Income
$1,247,844
Other Revenue
$10,049
All Other Contributions
$2,720,878
Change in Net Assets
$1,803,586

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$253,694Fair market value
Total Noncash Contributions7$253,694-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,249,256
Revenue Not Reported on Financial Statements
$1,401,296
Other Revenue Adjustments
$1,377,266
Total Revenue per Audited Statements
$9,249,256
Total Revenue per Form 990
$10,650,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,508,558
Other Expenses$1,961,142
Grants and Similar Amounts Paid$1,377,266
Total Fundraising Expense$200,055
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,056,426$981,298$17,579$4,055,303
Grants to Domestic Individuals$1,377,266--$1,377,266
Other Employee Benefits$423,150$175,689$2,434$601,273
Depreciation Depletion$387,496$160,886$2,229$550,611
All Other Expenses$95,102$85,262$121,133$301,497
Current Officers, Directors, Trustees, and Key Employees$0$287,710$0$287,710
Payroll Taxes$201,491$83,658$1,159$286,308
Pension Plan Contributions$195,619$81,220$1,125$277,964
Other Expenses$163,997$0$35,983$199,980
Occupancy$90,513$73,392$521$164,426
Office Expenses$0$64,982$0$64,982
Fees for Services Legal$0$48,338$0$48,338
Fees for Services Accounting$0$33,500$0$33,500
Fees for Services Management$30,704$0$0$30,704
Travel$3,763$0$17,632$21,395
Insurance$0$16,373$0$16,373
Total Functional Expenses$6,284,290$2,362,621$200,055$8,846,966

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,846,966
Expenses per Audited Statements$7,469,700
Total Expenses per Audited Statements$7,469,700
Expenses Not Reported on Financial Statements$1,377,266
Other Expense Adjustments$1,377,266
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$350,000--
Receivables from Officers, Directors, Trustees, and Key Employees$235,715$223,418▼ $12,297
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$265,425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Commonwealth School Inc
EIN
04-2228167
Phone
6172667525
Address
151 COMMONWEALTH AVENUE, BOSTON, MA 02116-2347

Signing Officer

Name
William Wharton
Title
Headmaster
Phone
6172667525
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Dowd
Formed
1957
Legal Domicile
Ma
Voting Board Members
27
Independent Board Members
23
Employees
61
Volunteers
42

Preparer

Firm
Bernard Johnson & Company Pc
Address
15 MAIN STREET, TOPSFIELD, MA 01983
Preparer
Timothy F Hagan CPA
Phone
9788872220
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Audit Committee and Treasurer review and approve the

Pt VI, Line 11B

Form 990 filing.

Pt VI, Line 12C

All Officers, Directors and Trustees are made aware of the

Pt VI, Line 12C

conflict of interest policy.

Pt VI, Line 15A

The Headmaster's salary is determined by the Head's compensation committee (which includes the Board Chair and Treasurer).

Pt VI, Line 15B

All other salaries are reviewed and approved by the Headmaster on an annual basis. All salary changes are based on cost of living adjustments and comparability data provided by the National Association of Independent Schools.

Form 990, Part IX, Line 24E

Other expenses 56237. 7392. 48845. 0.

Form 990, Part IX, Line 24E

Fundraising 120629. 0. 0. 120629.

Form 990, Part IX, Line 24E

Repairs and maintenance 124631. 87710. 36417. 504.

Financial Statement Notes

Pt XI, Line 4B

The School provided student financial aid

Pt XII, Line 4B

The School provided student financial aid

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.9$2.89$38.0$11.7$10.7$0.97
2023Detailed filing. Detailed filing data is available for this year.$37.4$2.68$34.7$18.8$9.77$9.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.3$2.19$32.1$9.74$10.0$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$2.20$34.9$11.1$9.18$1.92
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$1.93$29.1$9.05$8.69$0.36
2019Detailed filing. Detailed filing data is available for this year.$30.7$2.04$28.7$10.7$8.85$1.80
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$5.90$25.4$9.32$8.73$0.59
2017Detailed filing. Detailed filing data is available for this year.$25.4$1.61$23.8$9.07$7.68$1.40
2016Detailed filing. Detailed filing data is available for this year.$22.5$1.50$21.0$7.90$7.71$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$1.91$20.8$10.2$7.52$2.64
2014Detailed filing. Detailed filing data is available for this year.$20.2$0.94$19.2$7.98$7.18$0.80
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$0.86$17.1$6.96$7.24$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$0.91$16.6$6.41
2011Summary only. Only limited summary data is available for this year.$17.5$0.91$16.6$6.13$6.33$0.20
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $25M-$50M nonprofits