Civic Intelligence

The Carousel School Inc

990 • Fiscal year 2017 • EIN 04-2373760

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

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

91st percentile

0.61x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.31x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

29th percentile

-5.5%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$55,370

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

29th percentile

-9.8%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-9.5%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$164,708

Down $17,834 (-9.8%) from 2016

Net Assets

Down

$64,708

Down $17,834 (-22%) from 2016

Liabilities

Flat

$100,000

Flat from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin29th percentile

Revenue

Down

$322,426

Down $33,672 (-9.5%) from 2016

Expenses

Down

$340,260

Down $38,607 (-10%) from 2016

Net Income

Up

-$17,834

Up $4,935 (+22%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2017

Assets$164,708
Liabilities$100,000
Net Assets$64,708
Open 2017 Filing

Operations Trend

Revenue Growth34th 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

2017

Revenue$322,426
Expenses$340,260
Net Income-$17,834
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$322,426
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$68,507$67,424▼ $1,083
Savings and Temporary Cash Investments$55,159$55,151▼ $8
Cash and Non-Interest-Bearing Accounts$54,676$37,933▼ $16,743
Prepaid Expenses and Deferred Charges$4,200$4,200→ $0
Total Assets$182,542$164,708▼ $17,834
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$82,542$64,708▼ $17,834
Total Net Assets Fund Balance$82,542$64,708▼ $17,834
Total Liabilities and Net Assets / Fund Balance$182,542$164,708▼ $17,834

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,252$97,668$124,920
Other Land Buildings$172$82,961$83,133
Land$40,000-$40,000
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Phyllis a ReganPresident/directorFT$55,370$55,370
Timothy M ReganTreasurer/directorPT$9,750$9,750
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$319,096
Investment Income
$20
Other Revenue
$3,310
Change in Net Assets
$-17,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$279,767
Other Expenses$60,124
Grants and Similar Amounts Paid$369
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$178,198$16,035-$194,233
Current Officers, Directors, Trustees, and Key Employees$30,905$34,215-$65,120
Payroll Taxes$16,536$3,878-$20,414
Occupancy$15,793--$15,793
Advertising$4,926--$4,926
Fees for Services Accounting-$3,950-$3,950
All Other Expenses$2,210--$2,210
Other Expenses$1,766$680-$1,766
Insurance$1,752--$1,752
Depreciation Depletion$1,083--$1,083
Office Expenses$669--$669
Information Technology$620--$620
Grants to Domestic Individuals$369--$369
Total Functional Expenses$281,502$58,758$0$340,260
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. Tax returns are reviewed by governing body prior to being filed.”

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
2018-05-14
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 Appendix337 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/AtSubmissionCreationDeviceId09204D94F3175EE5EB4EA2348747014E6C0A81DCE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09204D94F3175EE5EB4EA2348747014E6C0A81DCE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.96.213.132
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:37:03
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/ReturnTs02018-05-14T11:42:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$164,708
Liabilities
$100,000
Net assets
$64,708
Revenue
$322,426
Expenses
$340,260
Net income
-$17,834
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