Civic Intelligence

H Read Inc.

990 • Fiscal year 2016 • EIN 04-2725454

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 31, 2016

Organization ProfileMANSFIELDCHILDRENSCENTER.ORG
1100 School StMansfield, MA 02048

(508) 339-4111

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

53rd percentile

3.2%

Higher net margin than 53% of similar nonprofits.

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

Top Officer Pay

62nd percentile

$85,562

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

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

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

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

Revenue Growth

58th percentile

5.9%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$450,044

Up $53,830 (+14%) from 2015

Net Assets

Up

$450,044

Up $53,830 (+14%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin53rd percentile

Revenue

Up

$1,677,542

Up $93,130 (+5.9%) from 2015

Expenses

Up

$1,623,712

Up $86,507 (+5.6%) from 2015

Net Income

Up

$53,830

Up $6,623 (+14%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $296,885Liabilities 2011: $0Net Assets 2011: $296,8852011Assets 2012: $272,185Liabilities 2012: $0Net Assets 2012: $272,1852012Assets 2013: $279,081Liabilities 2013: $0Net Assets 2013: $279,0812013Assets 2014: $349,007Liabilities 2014: $0Net Assets 2014: $349,0072014Assets 2015: $396,214Liabilities 2015: $0Net Assets 2015: $396,2142015Assets 2016: $450,044Liabilities 2016: $0Net Assets 2016: $450,0442016Assets 2017: $543,094Liabilities 2017: $0Net Assets 2017: $543,0942017Assets 2018: $522,833Liabilities 2018: $0Net Assets 2018: $522,8332018Assets 2019: $675,655Liabilities 2019: $135,711Net Assets 2019: $539,9442019Assets 2020: $785,431Liabilities 2020: $394,878Net Assets 2020: $390,5532020Assets 2021: $1,219,855Liabilities 2021: $381,944Net Assets 2021: $837,9112021Assets 2022: $1,664,091Liabilities 2022: $129,415Net Assets 2022: $1,534,6762022Assets 2023: $2,052,156Liabilities 2023: $145,735Net Assets 2023: $1,906,4212023Assets 2024: $2,281,346Liabilities 2024: $158,580Net Assets 2024: $2,122,7662024Assets 2025: $2,564,107Liabilities 2025: $168,593Net Assets 2025: $2,395,5142025

Highlighted filing

2016

Assets$450,044
Liabilities$0
Net Assets$450,044
Open 2016 Filing

Operations Trend

Revenue Growth58th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,357,560Expenses 2011: $1,384,465Net Income 2011: -$26,9052011Expenses 2012: $1,404,5202012Revenue 2013: $1,445,394Expenses 2013: $1,438,498Net Income 2013: $6,8962013Revenue 2014: $1,550,131Expenses 2014: $1,480,205Net Income 2014: $69,9262014Revenue 2015: $1,584,412Expenses 2015: $1,537,205Net Income 2015: $47,2072015Revenue 2016: $1,677,542Expenses 2016: $1,623,712Net Income 2016: $53,8302016Revenue 2017: $1,798,884Expenses 2017: $1,705,834Net Income 2017: $93,0502017Revenue 2018: $1,772,689Expenses 2018: $1,792,951Net Income 2018: -$20,2622018Revenue 2019: $1,954,633Expenses 2019: $1,810,796Net Income 2019: $143,8372019Revenue 2020: $1,667,771Expenses 2020: $1,817,162Net Income 2020: -$149,3912020Revenue 2021: $2,338,583Expenses 2021: $1,891,225Net Income 2021: $447,3582021Revenue 2022: $2,858,684Expenses 2022: $2,161,919Net Income 2022: $696,7652022Revenue 2023: $2,777,818Expenses 2023: $2,406,073Net Income 2023: $371,7452023Revenue 2024: $2,905,995Expenses 2024: $2,689,650Net Income 2024: $216,3452024Revenue 2025: $3,169,209Expenses 2025: $2,896,461Net Income 2025: $272,7482025

Highlighted filing

2016

Revenue$1,677,542
Expenses$1,623,712
Net Income$53,830
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 31, 2016
Return Version
2015v2.1
Gross Receipts
$1,677,542
Mission and Program Overview

Mission

CHILD CARE SERVICES

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$230,908$289,073▲ $58,165
Savings and Temporary Cash Investments$135,287$136,567▲ $1,280
Land, Buildings, and Equipment, Net$30,019$24,404▼ $5,615
Total Assets$396,214$450,044▲ $53,830
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$396,214$450,044▲ $53,830
Total Net Assets Fund Balance$396,214$450,044▲ $53,830
Total Liabilities and Net Assets / Fund Balance$396,214$450,044▲ $53,830

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,404$223,555-
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeanne H FallonDirprestreaFT$85,562$85,562
Kevin J FallonDirectorFT$74,412$74,412
John W PangburnDirclerkPT$71,612$71,612
Revenue and Support

Revenue Composition

Contributions and Grants
$1,298
Program Service Revenue
$1,674,700
Investment Income
$1,544
Other Revenue
$0
All Other Contributions
$215
Change in Net Assets
$53,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,677,542
Revenue Not Reported on Form 990
$32,221
Total Revenue per Audited Statements
$1,709,763
Total Revenue per Form 990
$1,677,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,198,442
Other Expenses$425,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$830,523$26,220-$856,743
Current Officers, Directors, Trustees, and Key Employees$155,163$76,422-$231,585
Occupancy$187,077$20,786-$207,863
Payroll Taxes$70,888$7,876-$78,764
Insurance$28,485$3,165-$31,650
Other Employee Benefits$28,215$3,135-$31,350
Advertising$25,933$2,881-$28,814
Fees for Services Legal$12,271$1,364-$13,635
Depreciation Depletion-$12,090-$12,090
Fees for Services Accounting$8,856$984-$9,840
Office Expenses-$8,220-$8,220
Other Expenses$4,349$483-$4,832
Conferences and Meetings$2,843$316-$3,159
Travel-$1,905-$1,905
All Other Expenses-$471-$471
Fees for Services Other$290$32-$322
Total Functional Expenses$1,447,114$176,598$0$1,623,712

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,660,912
Expenses per Audited Statements$1,623,712
Total Expenses per Form 990$1,623,712
Expenses Not Reported on Form 990$37,200
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
See Part VI Section A--No-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“The three officers and directors of the organization are the original incorporators of the business, two of the officers are married to each other.”

Form 990 governing body review Part VI line 11

“The officers and directors are sent a copy of Form 990 prior to its filing.”

Conflict of interest policy compliance Part VI line 12C

“The corporation leases three facilities in Mansfield, MA from the three directors of the organization at a rental fee of $121,779 for the year ended June 30, 2015. The three directors are listed below:Kevin J Fallon, School St, Mansfield MA 02048Jeanne H M Fallon, School St, Mansfield MA 02048John Pangburn, School St, Mansfield MA 02048The above named directors are the original incorporators of the organization and are paid employees of H Read Inc. Their compensation is detailed in Part VI.”

Governing documents etc available to public Part VI line 19

“Anyone who requests a copy of the organizations financial statements and auditors report is given one.”

Filing and Contact Details

Filer

Filer Name
H Read Inc
EIN
04-2725454
Address
1100 SCHOOL ST, MANSFIELD, MA 02048
Doing Business As
Mansfield Childrens Center

Signing Officer

Name
Jeanne H Fallon
Title
Treasurer
Phone
5083394111
Signed
2016-10-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeanne H Fallon
Formed
1980
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
48

Preparer

Firm
CADuclos CPA
Address
140 Commonwealth Ave Unit 24, Attleboro Falls, MA 02763
Preparer
Carole Duclos
Phone
5086951287
Supplemental Narrative

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

“Cash basis adjustments”

Other expenses not included on Form 990 (Part XII, line 2D)

“Cash Basis Adjustments.”

Raw XML Appendix353 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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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization receives some subsidized tuition payments from the Commonwealth of Massachusetts and Massachusetts Department of Early Education and Care under units of service contracts.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0See Part VI Section A
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The three officers and directors of the organization are the original incorporators of the business, two of the officers are married to each other.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The officers and directors are sent a copy of Form 990 prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The corporation leases three facilities in Mansfield, MA from the three directors of the organization at a rental fee of $121,779 for the year ended June 30, 2015. The three directors are listed below:Kevin J Fallon, School St, Mansfield MA 02048Jeanne H M Fallon, School St, Mansfield MA 02048John Pangburn, School St, Mansfield MA 02048The above named directors are the original incorporators of the organization and are paid employees of H Read Inc. Their compensation is detailed in Part VI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Anyone who requests a copy of the organizations financial statements and auditors report is given one.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0396214
IRS990/TotalAssetsEOYAmt0450044
IRS990/TotalAssetsGrp/BOYAmt0396214
IRS990/TotalAssetsGrp/EOYAmt0450044
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01298
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0176598
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01447114
IRS990/TotalFunctionalExpensesGrp/TotalAmt01623712
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0396214
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0450044
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01447114
IRS990/TotalProgramServiceRevenueAmt01674700
IRS990/TotalReportableCompFromOrgAmt0231586
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01676244
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01677542
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0396214
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0450044
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01905
IRS990/TravelGrp/TotalAmt01905
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0396214
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0450044
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JEANNE H FALLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05083394111
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0H READ INC
ReturnHeader/Filer/BusinessNameControlTxt0HREA
ReturnHeader/Filer/EIN0042725454
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 SCHOOL ST
ReturnHeader/Filer/USAddress/CityNm0MANSFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002048
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0651200429
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CADuclos CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0140 Commonwealth Ave Unit 24
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Attleboro Falls
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002763
ReturnHeader/PreparerPersonGrp/PhoneNum05086951287
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carole Duclos
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-10-31T10:33:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$450,044
Liabilities
$0
Net assets
$450,044
Revenue
$1,677,542
Expenses
$1,623,712
Net income
$53,830
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.17$2.40$3.17$2.90$0.27
2024Detailed filing. Detailed filing data is available for this year.$2.28$0.16$2.12$2.91$2.69$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.05$0.15$1.91$2.78$2.41$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.13$1.53$2.86$2.16$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.38$0.84$2.34$1.89$0.45
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.39$0.39$1.67$1.82$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.14$0.54$1.95$1.81$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.77$1.79$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$1.80$1.71$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.68$1.62$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.58$1.54$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$1.55$1.48$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$1.45$1.44$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$1.40
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$1.36$1.38$0.03