Civic Intelligence

Face Inc.

990 • Fiscal year 2024 • EIN 04-2478096

Jul 01, 2023 to Jun 30, 2024 • Filed on May 01, 2025

106 Walnut StreetNatick, MA 01760

(508) 653-7966

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.07x

Higher debt load relative to assets than 53% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

56th percentile

7.4%

Higher net margin than 56% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$86,988

Higher top officer pay than 61% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

65th percentile

10%

Faster asset growth than 65% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.6%

Faster revenue growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,322,916

Up $121,345 (+10%) from 2023

Net Assets

Up

$1,223,821

Up $87,704 (+7.7%) from 2023

Liabilities

Up

$99,095

Up $33,641 (+51%) from 2023

Revenue

Up

$1,192,077

Up $52,760 (+4.6%) from 2023

Expenses

Up

$1,104,373

Up $181,911 (+20%) from 2023

Net Income

Down

$87,704

Down $129,151 (-60%) from 2023

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 2010: $385,930Liabilities 2010: $73,785Net Assets 2010: $312,1452010Assets 2011: $443,828Liabilities 2011: $109,987Net Assets 2011: $333,8412011Assets 2012: $488,162Liabilities 2012: $111,570Net Assets 2012: $376,5922012Assets 2013: $474,311Liabilities 2013: $105,182Net Assets 2013: $369,1292013Assets 2014: $493,392Liabilities 2014: $107,883Net Assets 2014: $385,5092014Assets 2015: $511,826Liabilities 2015: $115,323Net Assets 2015: $396,5032015Assets 2016: $543,550Liabilities 2016: $102,318Net Assets 2016: $441,2322016Assets 2017: $599,068Liabilities 2017: $113,664Net Assets 2017: $485,4042017Assets 2018: $631,579Liabilities 2018: $96,620Net Assets 2018: $534,9592018Assets 2019: $681,798Liabilities 2019: $105,715Net Assets 2019: $576,0832019Assets 2020: $722,133Liabilities 2020: $201,362Net Assets 2020: $520,7712020Assets 2021: $838,618Liabilities 2021: $193,725Net Assets 2021: $644,8932021Assets 2022: $1,007,617Liabilities 2022: $88,355Net Assets 2022: $919,2622022Assets 2023: $1,201,571Liabilities 2023: $65,454Net Assets 2023: $1,136,1172023Assets 2024: $1,322,916Liabilities 2024: $99,095Net Assets 2024: $1,223,8212024

Highlighted filing

2024

Assets$1,322,916
Liabilities$99,095
Net Assets$1,223,821

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $639,2872010Expenses 2011: $648,3922011Expenses 2012: $689,0582012Revenue 2013: $711,455Expenses 2013: $718,918Net Income 2013: -$7,4632013Revenue 2014: $752,704Expenses 2014: $736,324Net Income 2014: $16,3802014Revenue 2015: $783,058Expenses 2015: $772,064Net Income 2015: $10,9942015Revenue 2016: $845,845Expenses 2016: $801,116Net Income 2016: $44,7292016Revenue 2017: $863,518Expenses 2017: $819,346Net Income 2017: $44,1722017Revenue 2018: $868,568Expenses 2018: $819,013Net Income 2018: $49,5552018Revenue 2019: $890,382Expenses 2019: $849,258Net Income 2019: $41,1242019Revenue 2020: $731,386Expenses 2020: $786,698Net Income 2020: -$55,3122020Revenue 2021: $873,464Expenses 2021: $749,342Net Income 2021: $124,1222021Revenue 2022: $1,104,236Expenses 2022: $829,867Net Income 2022: $274,3692022Revenue 2023: $1,139,317Expenses 2023: $922,462Net Income 2023: $216,8552023Revenue 2024: $1,192,077Expenses 2024: $1,104,373Net Income 2024: $87,7042024

Highlighted filing

2024

Revenue$1,192,077
Expenses$1,104,373
Net Income$87,704
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 1, 2025
Return Version
2023v6.0
Gross Receipts
$1,192,077
Mission and Program Overview

Mission

The mission of face children's center is to enhance and support children and their families by providing a wholesome and safe day care setting which offers a nurturing and stimulating environment.

The mission of face childrens center is to enhance and support children and their families by providing a wholesome and safe day care setting which offers a nurturing and stimulating environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,169,334$680,495▼ $488,839
Savings and Temporary Cash Investments-$619,360-
Land, Buildings, and Equipment, Net$15,912$16,176▲ $264
Pledges and Grants Receivable$10,500$3,000▼ $7,500
Prepaid Expenses and Deferred Charges$1,622$2,274▲ $652
Accounts Receivable$4,203$1,611▼ $2,592
Total Assets$1,201,571$1,322,916▲ $121,345
Liabilities
Accounts Payable and Accrued Expenses$57,004$85,204▲ $28,200
Deferred Revenue$8,450$13,891▲ $5,441
Total Liabilities$65,454$99,095▲ $33,641
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,136,117$1,223,821▲ $87,704
Total Net Assets Fund Balance$1,136,117$1,223,821▲ $87,704
Total Liabilities and Net Assets / Fund Balance$1,201,571$1,322,916▲ $121,345

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,459$86,612$96,071
Equipment$6,717$50,375$57,092
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christina Busch ClearyExecutive DiFT$86,988$86,988

Board Members and Trustees

NameTitle
Debbie TowlePresident
Janis CailDirector
Lisa SlavinDirector
Lynette SinclairDirector
Marcia HoytDirector
Terry AmesDirector
Deborah FriscinoClerk
Justine SoaresTreasurer
Jill KovatsisTreasurer (f
Revenue and Support

Revenue Composition

Contributions and Grants
$135,411
Program Service Revenue
$1,037,248
Investment Income
$19,418
Other Revenue
$0
All Other Contributions
$659
Change in Net Assets
$87,704

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,192,077
Total Revenue per Audited Statements
$1,192,077
Total Revenue per Form 990
$1,192,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$880,433
Other Expenses$223,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$653,414$6,032-$659,446
Current Officers, Directors, Trustees, and Key Employees$9,591$86,332-$95,923
Occupancy$62,475$4,138-$66,613
Payroll Taxes$53,602$6,870-$60,472
Other Employee Benefits$32,439$1,680-$34,119
Pension Plan Contributions$30,473--$30,473
Fees for Services Accounting-$28,440-$28,440
Fees for Services Other$9,153--$9,153
Office Expenses-$5,833-$5,833
Insurance-$5,556-$5,556
Information Technology$4,089--$4,089
All Other Expenses$661$2,986-$3,647
Other Expenses$32,435$3,070-$3,070
Depreciation Depletion$2,075$144-$2,219
Total Functional Expenses$949,936$154,437$0$1,104,373

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,104,373
Total Expenses per Audited Statements$1,104,373
Total Expenses per Form 990$1,104,373
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
Master Finishing RestorationRelated PersonRepairs & MaintenancNo$1,891
Clean Right Carpet CleaningRelated PersonCleaning ServicesNo$450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
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

Governance Explanations

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

The form 990 is provided to and reviewed by the treasurer prior to filing.

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

The compliance with conflict of interest policy is monitored by executive director on an ongoing basis.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is determined by the board of directors.

Form 990, Page 6, Part VI, Line 15B

All compensation is determined by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization provides its governing documents, conflict of interest policy and financial statements to public upon request.

Filing and Contact Details

Filer

Filer Name
Face Inc
EIN
04-2478096
Phone
5086537966
Address
106 WALNUT STREET, NATICK, MA 01760

Signing Officer

Name
Justine Soares
Title
Treasurer
Phone
0050865379
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Towle
Formed
1970
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
24
Volunteers
9

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY STE 201, CHELMSFORD, MA 01824-4187
Preparer
Mary M Linskey
Phone
9784522500
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The center has been recognized as tax-exempt under inter revenue code section 501(c)3 and is, therefore, generally exempt from federal and state income taxes. Accordingly, no provision for income taxes has been provided for in the accompanying financial statements. Asc 740-10, "income taxes," requries the center to evaluate and disclose tax positions that could have an effect on the center's financial statements. The center reports its activities to the internal revenue service and to the commonwealth of massachusetts on an annual basis. These informational returns are generall subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of the center's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the center is not subject to material unrelated business income taxes and will continue to qualify as a tax-exempt not-for-profit entity.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CENTER HAS BEEN RECOGNIZED AS TAX-EXEMPT UNDER INTER REVENUE CODE SECTION 501(C)3 AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, "INCOME TAXES," REQURIES THE CENTER TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE CENTER'S FINANCIAL STATEMENTS. THE CENTER REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND TO THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALL SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE CENTER'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE CENTER IS NOT SUBJECT TO MATERIAL UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0REPAIRS & MAINTENANC
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ENTITIES DESCRIBED ABOVE WERE OWNED BY THE SPOUSES OF BOARD MEMBERS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLIANCE WITH CONFLICT OF INTEREST POLICY IS MONITORED BY EXECUTIVE DIRECTOR ON AN ONGOING BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.10$1.22$1.19$1.10$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.07$1.14$1.14$0.92$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.09$0.92$1.10$0.83$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.19$0.64$0.87$0.75$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.20$0.52$0.73$0.79$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.11$0.58$0.89$0.85$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.63$0.10$0.53$0.87$0.82$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.11$0.49$0.86$0.82$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.10$0.44$0.85$0.80$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.12$0.40$0.78$0.77$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.49$0.11$0.39$0.75$0.74$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.11$0.37$0.71$0.72$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.11$0.38$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.11$0.33$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.07$0.31$0.64