Civic Intelligence

Foundation for Continuing Education Inc

EIN 04-2629472 • 501(c)3 • Wenham, MA

Profile

Conducts seminars, workshops, meetings, training events,team building activities & provides the program materials to the Professional Tax, Legal, Accounting and Business community including the Massachusetts Law Libraries.

PO Box 458 64 Pleasant StreetWenham, MA 01984

fce.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.26x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

4.13x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

37th percentile

-1.3%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

7.7%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$999,732

Down $13,440 (-1.3%) from 2023

Liabilities

Flat

$259,161

Flat from 2023

Net Assets

Down

$740,571

Down $13,440 (-1.8%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin15th percentile

Revenue

Up

$62,692

Up $4,479 (+7.7%) from 2023

Expenses

Up

$76,141

Up $29,743 (+64%) from 2023

Net Income

Down

-$13,449

Down $25,264 (-214%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $886,929Liabilities 2011: $551,802Net Assets 2011: $335,1272011Assets 2012: $1,051,007Liabilities 2012: $551,802Net Assets 2012: $499,2052012Assets 2013: $1,043,458Liabilities 2013: $550,940Net Assets 2013: $492,5182013Assets 2014: $1,086,475Liabilities 2014: $550,940Net Assets 2014: $535,5352014Assets 2015: $1,104,311Liabilities 2015: $550,940Net Assets 2015: $553,3712015Assets 2016: $808,931Liabilities 2016: $265,548Net Assets 2016: $543,3832016Assets 2017: $798,715Liabilities 2017: $265,548Net Assets 2017: $533,1652017Assets 2018: $770,900Liabilities 2018: $265,548Net Assets 2018: $505,3522018Assets 2019: $778,905Liabilities 2019: $259,161Net Assets 2019: $519,7442019Assets 2020: $828,543Liabilities 2020: $259,161Net Assets 2020: $569,3962020Assets 2021: $1,048,024Liabilities 2021: $259,161Net Assets 2021: $788,8632021Assets 2022: $1,001,357Liabilities 2022: $259,161Net Assets 2022: $742,1962022Assets 2023: $1,013,172Liabilities 2023: $259,161Net Assets 2023: $754,0112023Assets 2024: $999,732Liabilities 2024: $259,161Net Assets 2024: $740,5712024

Highlighted filing

2024

Assets$999,732
Liabilities$259,161
Net Assets$740,571
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $199,028Expenses 2011: $80,821Net Income 2011: $118,2072011Revenue 2012: $219,396Expenses 2012: $55,318Net Income 2012: $164,0782012Revenue 2013: $57,502Expenses 2013: $64,189Net Income 2013: -$6,6872013Revenue 2014: $112,680Expenses 2014: $69,663Net Income 2014: $43,0172014Revenue 2015: $86,170Expenses 2015: $68,334Net Income 2015: $17,8362015Revenue 2016: $56,474Expenses 2016: $66,462Net Income 2016: -$9,9882016Revenue 2017: $41,580Expenses 2017: $51,798Net Income 2017: -$10,2182017Revenue 2018: $22,936Expenses 2018: $50,749Net Income 2018: -$27,8132018Revenue 2019: $62,974Expenses 2019: $48,582Net Income 2019: $14,3922019Revenue 2020: $84,689Expenses 2020: $35,037Net Income 2020: $49,6522020Revenue 2021: $242,195Expenses 2021: $22,728Net Income 2021: $219,4672021Revenue 2022: -$18,933Expenses 2022: $27,735Net Income 2022: -$46,6682022Revenue 2023: $58,213Expenses 2023: $46,398Net Income 2023: $11,8152023Revenue 2024: $62,692Expenses 2024: $76,141Net Income 2024: -$13,4492024

Highlighted filing

2024

Revenue$62,692
Expenses$76,141
Net Income-$13,449
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,732
Liabilities
$259,161
Net assets
$740,571
Revenue
$62,692
Expenses
$76,141
Net income
-$13,449
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.26$0.74$0.06$0.08$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.26$0.75$0.06$0.05$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.26$0.74$0.02$0.03$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.26$0.79$0.24$0.02$0.22
2020Summary only. Only limited summary data is available for this year.$0.83$0.26$0.57$0.08$0.04$0.05
2019Summary only. Only limited summary data is available for this year.$0.78$0.26$0.52$0.06$0.05$0.01
2018Summary only. Only limited summary data is available for this year.$0.77$0.27$0.51$0.02$0.05$0.03
2017Summary only. Only limited summary data is available for this year.$0.80$0.27$0.53$0.04$0.05$0.01
2016Summary only. Only limited summary data is available for this year.$0.81$0.27$0.54$0.06$0.07$0.01
2015Summary only. Only limited summary data is available for this year.$1.10$0.55$0.55$0.09$0.07$0.02
2014Summary only. Only limited summary data is available for this year.$1.09$0.55$0.54$0.11$0.07$0.04
2013Summary only. Only limited summary data is available for this year.$1.04$0.55$0.49$0.06$0.06$0.01
2012Summary only. Only limited summary data is available for this year.$1.05$0.55$0.50$0.22$0.06$0.16
2011Summary only. Only limited summary data is available for this year.$0.89$0.55$0.34$0.20$0.08$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
May 22, 2025
Return Version
2023v6.0
Gross Receipts
$363,105
Mission and Program Overview

Mission

Conducts Seminars, Workshops, meetings, training events, team building activities, provides program materials to the professional business community including the Massachusetts Law Libraries and cooperates with organizations such as theUS SBANE, IRS, MASS DOR, and professional societies to provide awareness of tax,legal,and other issues of importanceto the Business, Tax and Legal communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$595,260$637,446▲ $42,186
Loans From Officers Directors$259,161$259,161→ $0
Investments in Publicly Traded Securities$163,126$157,227▼ $5,899
Savings and Temporary Cash Investments$219,220$117,131▼ $102,089
Cash and Non-Interest-Bearing Accounts$28,613$79,975▲ $51,362
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-13,449▼ $13,449
Total Assets$1,013,172$999,732▼ $13,440
Other Assets Total$6,953$7,953▲ $1,000
Liabilities
Total Liabilities$259,161$259,161→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$754,011$740,571▼ $13,440
Total Liabilities and Net Assets / Fund Balance$1,013,172$999,732▼ $13,440

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$370,488-$330,488
Land$259,903-$159,903
Equipment$7,055$200,130-
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Richard Solano CPAPres. Treas & Director
Earle Solano EsqSec/Clerk & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$71,596
Investment Income
$-8,904
Other Revenue
$0
Change in Net Assets
$-13,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,141
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$32,539$5,742-$38,281
Fees for Services Management$3,400$600-$4,000
Depreciation Depletion$3,037$536-$3,573
Advertising$2,269$400-$2,669
Other Expenses$1,913$338-$2,251
Insurance$1,368$242-$1,610
Office Expenses$1,113$197-$1,310
Information Technology$433$77-$510
Total Functional Expenses$64,718$11,423$0$76,141
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
-A corporation owned by wife of a Director of the Organization.The organization purchases Administrative services from Lemso, Inc at the rate of $800 per month These Administrative services are provided to the organization when needed. $4,000 was paid for the year ending 10/31/24.This amount is reasonable and approved by the Board of Directors. $4,000.00 total payments were made in fiscal Y/E 10/31/24.Administrative Services are approved on an annual basis by the Board of Directors.No$4,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$259,161$259,161→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Add description for code 2”

Form 990, Part VI, Section B, line 11B

“Code 11: The governing board of the organization is given the form 990 for review before it is filed with the government agencies. Code 1: Two of the Directors of the organization are related: The Father is a CPA and the Son is a Lawyer The Father is a Director and the President and Treasurer of the organization. The Son is a Director and Secretary of the organization. Code 2: Administrative Services are provided by a management company owned by the Presidents wife, She performs Registration of attendees at programs, data base management and correspondence with Tax,Lawyers,and CPA's, etc. Payments for these services are usually billed at $800 per month. They are extremely reasonable and approved annually by the full BOD. Total payment of $4,00.00 was made during fiscal year 11/1/22-10/31/23.”

Form 990, Part VI, Section C, line 18

“The organization makes its governing documents, etc. avilable to the public upon request.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, etc. avilable to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Foundation for Continuing Education Inc
EIN
04-2629472
Phone
9784686528
Address
PO Box 458 64 Pleasant Street, Wenham, MA 01984

Signing Officer

Name
Richard Solano
Title
President
Phone
9784686528
Signed
2025-05-22

Organization Details

Principal Officer
Richard Solano
Formed
1977
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
2
Raw XML Appendix351 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.

Path#Value
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.42750
IRS990ScheduleA/PublicSupportPY509Pct00.38360
IRS990ScheduleA/PublicSupportTotal509Amt0183109
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0220220
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt025000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0245220
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt061692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt058213
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt031869
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0231146
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt045409
IRS990ScheduleA/Total509Grp/TotalAmt0428329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt061692
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt058213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt031869
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0231146
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt045409
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0428329
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0370488
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt040000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0330488
IRS990ScheduleD/EquipmentGrp/BookValueAmt07055
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0200130
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0207185
IRS990ScheduleD/LandGrp/BookValueAmt0259903
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0159903
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0637446
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Lemso Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0A corporation owned by wife of a Director of the Organization.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0The organization purchases Administrative services from Lemso, Inc at the rate of $800 per month These Administrative services are provided to the organization when needed. $4,000 was paid for the year ending 10/31/24.This amount is reasonable and approved by the Board of Directors. $4,000.00 total payments were made in fiscal Y/E 10/31/24.Administrative Services are approved on an annual basis by the Board of Directors.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0259161
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Mortgage
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0588373
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Richard Solano
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President/Treasurer/Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0259161
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Add description for code 2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Code 11: The governing board of the organization is given the form 990 for review before it is filed with the government agencies. Code 1: Two of the Directors of the organization are related: The Father is a CPA and the Son is a Lawyer The Father is a Director and the President and Treasurer of the organization. The Son is a Director and Secretary of the organization. Code 2: Administrative Services are provided by a management company owned by the Presidents wife, She performs Registration of attendees at programs, data base management and correspondence with Tax,Lawyers,and CPA's, etc. Payments for these services are usually billed at $800 per month. They are extremely reasonable and approved annually by the full BOD. Total payment of $4,00.00 was made during fiscal year 11/1/22-10/31/23.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, etc. avilable to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, etc. avilable to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01013172
IRS990/TotalAssetsEOYAmt0999732
IRS990/TotalAssetsGrp/BOYAmt01013172
IRS990/TotalAssetsGrp/EOYAmt0999732
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064718
IRS990/TotalFunctionalExpensesGrp/TotalAmt076141
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0259161
IRS990/TotalLiabilitiesEOYAmt0259161
IRS990/TotalLiabilitiesGrp/BOYAmt0259161
IRS990/TotalLiabilitiesGrp/EOYAmt0259161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0754011
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0740571
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt064718
IRS990/TotalProgramServiceRevenueAmt071596
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt062692
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt062692
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01013172
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0999732
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt064 Pleasant Street
IRS990/USAddress/CityNm0Wenham
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001984
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0FCE.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard Solano
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09784686528
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Foundation for Continuing Education Inc
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0042629472
ReturnHeader/Filer/PhoneNum09784686528
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 458 64 Pleasant Street
ReturnHeader/Filer/USAddress/CityNm0Wenham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001984
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/ReturnTs02025-05-22T15:27:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-11-01
ReturnHeader/TaxPeriodEndDt02024-10-31
ReturnHeader/TaxYr02023

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