Civic Intelligence

Massachusetts State Science and Engineering Fair Inc

990 • Fiscal year 2016 • EIN 04-2707499

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 24, 2016

955 Massachusetts AveCambridge, MA 02139

(617) 491-1500

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

48th percentile

0.09x

Higher debt load relative to revenue than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

48th percentile

1.6%

Higher net margin than 48% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

74th percentile

$113,100

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

52nd percentile

1.7%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,721,900

Up $29,500 (+1.7%) from 2015

Net Assets

Up

$1,636,100

Up $14,800 (+0.9%) from 2015

Liabilities

Up

$85,800

Up $14,700 (+21%) from 2015

Revenue

Up

$915,000

Up $95,000 (+12%) from 2015

Expenses

Up

$900,200

Up $23,400 (+2.7%) from 2015

Net Income

Up

$14,800

Up $71,600 (+126%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,337,800Liabilities 2010: $46,600Net Assets 2010: $1,291,2002010Assets 2011: $1,497,900Liabilities 2011: $61,800Net Assets 2011: $1,436,1002011Assets 2012: $1,714,600Liabilities 2012: $73,500Net Assets 2012: $1,641,1002012Assets 2013: $1,813,600Liabilities 2013: $89,700Net Assets 2013: $1,723,9002013Assets 2014: $1,778,700Liabilities 2014: $100,600Net Assets 2014: $1,678,1002014Assets 2015: $1,692,400Liabilities 2015: $71,100Net Assets 2015: $1,621,3002015Assets 2016: $1,721,900Liabilities 2016: $85,800Net Assets 2016: $1,636,1002016Assets 2017: $1,576,800Liabilities 2017: $121,000Net Assets 2017: $1,455,8002017Assets 2019: $1,476,300Liabilities 2019: $67,400Net Assets 2019: $1,408,9002019Assets 2020: $1,207,500Liabilities 2020: $38,700Net Assets 2020: $1,168,8002020Assets 2021: $1,489,793Liabilities 2021: $23,908Net Assets 2021: $1,465,8852021Assets 2022: $1,237,654Liabilities 2022: $23,342Net Assets 2022: $1,214,3122022Assets 2023: $1,435,879Liabilities 2023: $35,969Net Assets 2023: $1,399,9102023Assets 2024: $1,513,522Liabilities 2024: $47,266Net Assets 2024: $1,466,2562024

Highlighted filing

2016

Assets$1,721,900
Liabilities$85,800
Net Assets$1,636,100

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $812,6002010Expenses 2011: $673,9002011Expenses 2012: $761,4002012Revenue 2013: $829,000Expenses 2013: $746,200Net Income 2013: $82,8002013Revenue 2014: $943,200Expenses 2014: $989,000Net Income 2014: -$45,8002014Revenue 2015: $820,000Expenses 2015: $876,800Net Income 2015: -$56,8002015Revenue 2016: $915,000Expenses 2016: $900,200Net Income 2016: $14,8002016Revenue 2017: $627,400Expenses 2017: $862,300Net Income 2017: -$234,9002017Revenue 2019: $711,600Expenses 2019: $717,000Net Income 2019: -$5,4002019Revenue 2020: $543,700Expenses 2020: $838,300Net Income 2020: -$294,6002020Revenue 2021: $571,538Expenses 2021: $406,560Net Income 2021: $164,9782021Revenue 2022: $557,224Expenses 2022: $535,603Net Income 2022: $21,6212022Revenue 2023: $650,314Expenses 2023: $589,839Net Income 2023: $60,4752023Revenue 2024: $598,374Expenses 2024: $706,235Net Income 2024: -$107,8612024

Highlighted filing

2016

Revenue$915,000
Expenses$900,200
Net Income$14,800
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 24, 2016
Return Version
2015v2.1
Gross Receipts
$916,400
Mission and Program Overview

Mission

We develop future thought leaders through experiences in science and engineering practices using well-proven programs and novel approaches that empower students

We develop future thought leaders through experiences in science and engineering practices using well-proven programs and novel approaches that empower students and educators to learn in and beyond the classroom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,390,700$925,000▼ $465,700
Cash and Non-Interest-Bearing Accounts$168,500$435,100▲ $266,600
Investments in Publicly Traded Securities-$301,500-
Pledges and Grants Receivable$85,000--
Accounts Receivable$21,700$34,000▲ $12,300
Prepaid Expenses and Deferred Charges$2,500$2,300▼ $200
Total Assets$1,692,400$1,721,900▲ $29,500
Other Assets Total$24,000$24,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$71,100$85,800▲ $14,700
Total Liabilities$71,100$85,800▲ $14,700
Net Assets / Fund Balance
Temporarily Rstr Net Assets$668,000$807,200▲ $139,200
Unrestricted Net Assets$929,300$804,900▼ $124,400
Permanently Rstr Net Assets$24,000$24,000→ $0
Total Net Assets Fund Balance$1,621,300$1,636,100▲ $14,800
Total Liabilities and Net Assets / Fund Balance$1,692,400$1,721,900▲ $29,500

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$21,000$21,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$24,000---$24,000
2014$24,000---$24,000
2013$24,000---$24,000
2012$24,000---$24,000
2011$24,000---$24,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Abel Cora BethPresident & CEOFT$113,100$113,100

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$852,400
Program Service Revenue
$61,000
Investment Income
$1,600
Other Revenue
$0
All Other Contributions
$852,400
Change in Net Assets
$14,800

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table7$19,100Estimate
Other Non Cash Contri Table2$11,000Estimate
Other Non Cash Contri Table1$10,000Estimate
Books and Publications-$4,700Estimates
Total Noncash Contributions10$44,800-

Audited Revenue Reconciliation

Revenue per Audited Statements
$915,000
Revenue Not Reported on Form 990
$11,000
Total Revenue per Audited Statements
$926,000
Total Revenue per Form 990
$915,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$692,500
Salaries, Compensation, and Employee Benefits$142,400
Total Fundraising Expense$77,800
Professional Fundraising Fees$65,300
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$219,700$18,600$0$238,300
Current Officers, Directors, Trustees, and Key Employees$73,000$44,000$0$117,000
Fees for Services Professional Fundraising--$65,300$65,300
Fees for Services Other$0$57,400$0$57,400
Other Expenses$49,300$0$0$49,300
Occupancy$13,000$8,400$0$21,400
Office Expenses$2,000$1,100$11,000$14,100
Other Employee Benefits$8,600$5,200$0$13,800
Payroll Taxes$6,000$3,300$0$9,300
Fees for Services Accounting$0$7,000$0$7,000
Travel$3,100$1,900$1,500$6,500
Insurance$0$4,800$0$4,800
Pension Plan Contributions$1,400$900$0$2,300
Total Functional Expenses$669,800$152,600$77,800$900,200

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$911,200
Expenses per Audited Statements$900,200
Total Expenses per Form 990$900,200
Expenses Not Reported on Form 990$11,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$65,300
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
William RigneyBoard MemberProgram Manager and TeacherNo$26,400
Cora-beth AbelEx DirectorOffice rent & utilitiesNo$24,200
Sandy MayrandBoard MemberProgram AnalystNo$1,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
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
No
Filing and Contact Details

Filer

Filer Name
Massachusetts State Science & Engineering Fair Inc
EIN
04-2707499
Phone
6174911500
Address
955 Massachusetts Ave, Cambridge, MA 02139

Signing Officer

Name
Samuel Batchelder
Title
Treasurer
Phone
6174911500
Signed
2016-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Batchelder
Formed
1979
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
12
Employees
1
Volunteers
525

Preparer

Firm
David Asadoorian CPA
Address
67 Peter Spring Rd, Concord, MA 01742
Preparer
David Asadoorian CPA
Phone
9783712599
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

Members of the Board of Directors are elected by the sitting Board.

Pt VI, Line 11B

The Board of Directors has delegated the authority for the review and filing of the Organization's form 990 to the Treasurer.

Pt VI, Line 19

he governing documents, conflict of interest policy, and financial statements are made available to the general public upon request.

Pt VI, Line 4

The By-Laws were amended during the year. I copy of the revised By-Laws are attached.

Form 990EZ, Part II, Line 26

Accounts Payable & Accrued Expenses

Form 990, Part IX, Line 24E

GEMS Program 212100. 212100. 0. 0.

Form 990, Part IX, Line 24E

IT Systems Development 13900. 7600. 6300. 0.

Form 990, Part IX, Line 24E

Bad Debts 12300. 0. 12300. 0.

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IRS990/ProgSrvcAccomActy3Grp/Desc0CURIOUS MINDS INITIATIVE (CMI), A STRATEGIC PLAN THAT AMIMS TO ENABLE EVERY MASSACHUSETTS MIDDLE AND HIGH SCHOOL TO ENGAGE STUDENTS IN INQUIRY-BASED LEARNING, AND SCIENCE AND ENGINEERING PRACTICES. CMI PROVIDES SCHOOLS AND SCIENCETEACHERS WITH THE TOOLS, EXPERTISE AND RESOURCES NECESSARY TO INTEGRATE EXCITING INQUIRY INTO THEIR EXISTING CURRICULA AND TO OFFER SCIENCE FAIR RESEARCH PROGRAMS.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SANDY MAYRAND
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Office rent & utilities
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Program Analyst
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0Estimates
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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.$1.51$0.05$1.47$0.60$0.71$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.04$1.40$0.65$0.59$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.02$1.21$0.56$0.54$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.49$0.02$1.47$0.57$0.41$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.21$0.04$1.17$0.54$0.84$0.29
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.07$1.41$0.71$0.72$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.58$0.12$1.46$0.63$0.86$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.72$0.09$1.64$0.92$0.90$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.69$0.07$1.62$0.82$0.88$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.10$1.68$0.94$0.99$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.09$1.72$0.83$0.75$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.07$1.64$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.06$1.44$0.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.05$1.29$0.81