Civic Intelligence

The Carousel School Inc

990 • Fiscal year 2016 • EIN 04-2373760

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 07, 2017

Organization Profilewww.carouselschool.org
66 Brewster RoadWaltham, MA 02451

(781) 893-1503

Siviq Scores

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

Liabilities / Assets

90th percentile

0.55x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

28th percentile

-6.4%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$54,240

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

1.5%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$182,542

Down $22,769 (-11%) from 2015

Net Assets

Down

$82,542

Down $22,769 (-22%) from 2015

Liabilities

Flat

$100,000

Flat from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin28th percentile

Revenue

Up

$356,098

Up $5,166 (+1.5%) from 2015

Expenses

Down

$378,867

Down $39,900 (-9.5%) from 2015

Net Income

Up

-$22,769

Up $45,066 (+66%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$400K$300K$200K$100K$0-$100KAssets 2010: $223,517Liabilities 2010: $100,000Net Assets 2010: $123,5172010Assets 2011: $241,262Liabilities 2011: $100,000Net Assets 2011: $141,2622011Assets 2012: $276,449Liabilities 2012: $100,000Net Assets 2012: $176,4492012Assets 2013: $300,085Liabilities 2013: $100,000Net Assets 2013: $200,0852013Assets 2014: $274,526Liabilities 2014: $100,000Net Assets 2014: $174,5262014Assets 2015: $205,311Liabilities 2015: $100,000Net Assets 2015: $105,3112015Assets 2016: $182,542Liabilities 2016: $100,000Net Assets 2016: $82,5422016Assets 2017: $164,708Liabilities 2017: $100,000Net Assets 2017: $64,7082017Assets 2018: $133,170Liabilities 2018: $100,000Net Assets 2018: $33,1702018Assets 2019: $71,091Liabilities 2019: $130,731Net Assets 2019: -$59,6402019

Highlighted filing

2016

Assets$182,542
Liabilities$100,000
Net Assets$82,542
Open 2016 Filing

Operations Trend

Revenue Growth51st percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $411,3042010Revenue 2011: $428,790Expenses 2011: $411,045Net Income 2011: $17,7452011Expenses 2012: $438,7992012Revenue 2013: $496,675Expenses 2013: $472,292Net Income 2013: $24,3832013Revenue 2014: $437,071Expenses 2014: $462,634Net Income 2014: -$25,5632014Revenue 2015: $350,932Expenses 2015: $418,767Net Income 2015: -$67,8352015Revenue 2016: $356,098Expenses 2016: $378,867Net Income 2016: -$22,7692016Revenue 2017: $322,426Expenses 2017: $340,260Net Income 2017: -$17,8342017Revenue 2018: $268,693Expenses 2018: $300,231Net Income 2018: -$31,5382018Revenue 2019: $124,688Expenses 2019: $217,498Net Income 2019: -$92,8102019

Highlighted filing

2016

Revenue$356,098
Expenses$378,867
Net Income-$22,769
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 7, 2017
Return Version
2016v3.0
Gross Receipts
$356,098
Mission and Program Overview

Mission

To provide quality preschool education on a non discriminatory policy.

Private non-discriminatory preschool education

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$69,902$68,507▼ $1,395
Savings and Temporary Cash Investments$88,121$55,159▼ $32,962
Cash and Non-Interest-Bearing Accounts$43,088$54,676▲ $11,588
Prepaid Expenses and Deferred Charges$4,200$4,200→ $0
Total Assets$205,311$182,542▼ $22,769
Liabilities
Mortgage Notes Payable Secured by Investment Property$100,000$100,000→ $0
Total Liabilities$100,000$100,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$105,311$82,542▼ $22,769
Total Net Assets Fund Balance$105,311$82,542▼ $22,769
Total Liabilities and Net Assets / Fund Balance$205,311$182,542▼ $22,769

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,991$96,929$124,920
Other Land Buildings$516$82,617$83,133
Land$40,000-$40,000
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Phyllis a ReganPresident/directorFT$54,240$54,240
Timothy M ReganTreasurer/directorPT$11,450$11,450
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$350,062
Investment Income
$23
Other Revenue
$6,013
Change in Net Assets
$-22,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$295,585
Other Expenses$82,507
Grants and Similar Amounts Paid$775
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$199,036$9,300-$208,336
Current Officers, Directors, Trustees, and Key Employees$30,920$34,770-$65,690
Payroll Taxes$18,325$3,234-$21,559
Occupancy$20,925--$20,925
Insurance$9,976--$9,976
Fees for Services Accounting-$7,850-$7,850
Advertising$5,409--$5,409
All Other Expenses$4,026--$4,026
Other Expenses$2,328--$2,328
Information Technology$1,446--$1,446
Depreciation Depletion$1,395--$1,395
Grants to Domestic Individuals$775--$775
Office Expenses$618--$618
Fees for Services Legal-$400-$400
Total Functional Expenses$323,313$55,554$0$378,867
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
James ReganSpouseLONG OUTSTANDING LOAN TO COMPANY IN THE AMOUNT OF $ 100,000.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
Yes
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 B, line 11B

“Records of all meetings are kept by the secretary of the organization.”

Form 990, Part VI, Section C, line 18

“Available upon request of any interested party.”

Form 990, Part VI, Section C, line 19

“Available at organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
The Carousel School Inc
EIN
04-2373760
Phone
7818931503
Address
66 Brewster Road, WALTHAM, MA 02451

Signing Officer

Name
Phyllis a Regan
Title
President
Phone
7818931503
Signed
2017-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phyllis a Regan
Formed
1964
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
1
Employees
15
Volunteers
0

Preparer

Firm
Kenneth W Sumner CPA
Address
564 Main Street Suite 201, Waltham, MA 02452-5568
Preparer
Kenneth W Sumner CPA
Phone
7818930093
Raw XML Appendix338 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/Filer/EIN0042373760
ReturnHeader/Filer/PhoneNum07818931503
ReturnHeader/Filer/USAddress/AddressLine1Txt066 Brewster Road
ReturnHeader/Filer/USAddress/CityNm0WALTHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002451
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03E1BD9A8F317C1C2721D54E72306FAC521FE4306
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03E1BD9A8F317C1C2721D54E72306FAC521FE4306
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.114.241.187
ReturnHeader/FilingSecurityInformation/IPDt02017-06-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:56:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043236975
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KENNETH W SUMNER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0564 Main Street Suite 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Waltham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0024525568
ReturnHeader/PreparerPersonGrp/PhoneNum07818930093
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH W SUMNER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-06-07T14:06:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$182,542
Liabilities
$100,000
Net assets
$82,542
Revenue
$356,098
Expenses
$378,867
Net income
-$22,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.71$1.31$0.60$1.25$2.17$0.93
2018Detailed filing. Detailed filing data is available for this year.$1.33$1.00$0.33$2.69$3.00$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.65$1.00$0.65$3.22$3.40$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.83$1.00$0.83$3.56$3.79$0.23
2015Detailed filing. Detailed filing data is available for this year.$2.05$1.00$1.05$3.51$4.19$0.68
2014Detailed filing. Detailed filing data is available for this year.$2.75$1.00$1.75$4.37$4.63$0.26
2013Detailed filing. Detailed filing data is available for this year.$3.00$1.00$2.00$4.97$4.72$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$1.00$1.76$4.39
2011Summary only. Only limited summary data is available for this year.$2.41$1.00$1.41$4.29$4.11$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.00$1.24$4.11