Civic Intelligence

H Read Inc.

990 • Fiscal year 2019 • EIN 04-2725454

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 06, 2019

Organization ProfileMANSFIELDCHILDRENSCENTER.ORG
1100 School StreetMansfield, MA 02048

(508) 339-4111

Siviq Scores

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

Liabilities / Assets

65th percentile

0.20x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

60th percentile

7.4%

Higher net margin than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$82,400

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$675,655

Up $152,822 (+29%) from 2018

Net Assets

Up

$539,944

Up $17,111 (+3.3%) from 2018

Liabilities

Up

$135,711

Up $135,711 from 2018

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin60th percentile

Revenue

Up

$1,954,633

Up $181,944 (+10%) from 2018

Expenses

Up

$1,810,796

Up $17,845 (+1.0%) from 2018

Net Income

Up

$143,837

Up $164,099 (+810%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th 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

2019

Assets$675,655
Liabilities$135,711
Net Assets$539,944
Open 2019 Filing

Operations Trend

Revenue Growth63rd 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

2019

Revenue$1,954,633
Expenses$1,810,796
Net Income$143,837
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$1,954,633
Mission and Program Overview

Mission

CHILD CARE SERVICES

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$294,291$413,394▲ $119,103
Savings and Temporary Cash Investments$138,768$140,655▲ $1,887
Land, Buildings, and Equipment, Net$89,774$90,209▲ $435
Accounts Receivable-$23,361-
Prepaid Expenses and Deferred Charges-$8,036-
Total Assets$522,833$675,655▲ $152,822
Liabilities
Accounts Payable and Accrued Expenses-$89,604-
Deferred Revenue-$46,107-
Total Liabilities$0$135,711▲ $135,711
Net Assets / Fund Balance
Unrestricted Net Assets$522,833$539,944▲ $17,111
Total Net Assets Fund Balance$522,833$539,944▲ $17,111
Total Liabilities and Net Assets / Fund Balance$522,833$675,655▲ $152,822

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$90,209$260,535$350,744
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin J FallonDirectorFT$82,400$82,400
Jeanne FallonPresident/trFT$72,400$72,400
John W PangburnDirectorPT$42,800$42,800
Ashley FallonClerkFT$41,985$41,985
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,929,789
Investment Income
$4,663
Other Revenue
$20,181
Change in Net Assets
$143,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,954,633
Total Revenue per Audited Statements
$1,954,633
Total Revenue per Form 990
$1,954,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,410,096
Other Expenses$400,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,012,502$31,314-$1,043,816
Current Officers, Directors, Trustees, and Key Employees$160,522$79,063-$239,585
Occupancy$132,573$11,529-$144,102
Payroll Taxes$91,158$10,129-$101,287
Insurance$30,397$2,643-$33,040
Depreciation Depletion$25,062$2,179-$27,241
Other Employee Benefits$23,375$2,033-$25,408
Other Expenses$24,968$24,676-$24,676
Advertising$10,099$878-$10,977
Fees for Services Accounting$3,672--$3,672
All Other Expenses-$3,577-$3,577
Fees for Services Legal$1,196$104-$1,300
Total Functional Expenses$1,635,213$175,583$0$1,810,796

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,810,796
Total Expenses per Audited Statements$1,810,796
Total Expenses per Form 990$1,810,796
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$327
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
Kevin Jeanne FallonDirectorsRent and R/e TaxesNo$122,195
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Form 990, Page 6, Part VI, Line 2

“Kevin fallon jeanne fallon director president spouses”

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

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

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

“Any transaction that an individual engages in or proposes with h. Read, inc. Must be scrutinized for potential conflict of interest. A written disclosure detailing the nature and specifics of the transaction or proposed transaction made by any individual must be made to the board of directors at least on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“Anyone may request a copy of the form 990 with the organization's business office.”

Filing and Contact Details

Filer

Filer Name
H Read Inc
EIN
04-2725454
Phone
5083394111
Address
1100 SCHOOL STREET, MANSFIELD, MA 02048
Doing Business As
Mansfield Childrens Center

Signing Officer

Name
Jeanne Fallon
Title
President/treasurer
Phone
5083394111
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne Fallon
Formed
1980
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
55

Preparer

Firm
COLLINS SMITH & O'CONNOR LLP
Address
77 N MAIN ST, ATTLEBORO, MA 02703-2219
Preparer
Matthew W Harrison CPA Mst
Phone
5082223795
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“481(a) adjustment -126,726”

Form 990, Page 12, Part XII, Line 1

“Organization has elected to prepare the 2018 form 990 on the accrual basis in order to use the same accounting method that their financial statements are prepared.”

Raw XML Appendix356 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/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES A PORTION OF ITS FUNDING FROM THE COMMONWEALTH OF MASSACHUSETTS.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0122195
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT AND R/E TAXES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RENTS THREE FACILITIES IN MANSFIELD, MA FROM 2 OF THE OFFICERS AND DIRECTORS. MONTHLY RENT PAYMENTS OF 9,100 WERE PAID TOTALING 109,200 FOR THE YEAR. RENT EXPENSE ALSO INCLUDES 12,995 OF REAL ESTATE TAXES PAID BY THE ORGANIZATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KEVIN FALLON JEANNE FALLON DIRECTOR PRESIDENT SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND DIRECTORS ARE SENT A COPY OF THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY TRANSACTION THAT AN INDIVIDUAL ENGAGES IN OR PROPOSES WITH H. READ, INC. MUST BE SCRUTINIZED FOR POTENTIAL CONFLICT OF INTEREST. A WRITTEN DISCLOSURE DETAILING THE NATURE AND SPECIFICS OF THE TRANSACTION OR PROPOSED TRANSACTION MADE BY ANY INDIVIDUAL MUST BE MADE TO THE BOARD OF DIRECTORS AT LEAST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANYONE MAY REQUEST A COPY OF THE FORM 990 WITH THE ORGANIZATION'S BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4481(A) ADJUSTMENT -126,726
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION HAS ELECTED TO PREPARE THE 2018 FORM 990 ON THE ACCRUAL BASIS IN ORDER TO USE THE SAME ACCOUNTING METHOD THAT THEIR FINANCIAL STATEMENTS ARE PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0522833
IRS990/TotalAssetsEOYAmt0675655
IRS990/TotalAssetsGrp/BOYAmt0522833
IRS990/TotalAssetsGrp/EOYAmt0675655
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0175583
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01635213
IRS990/TotalFunctionalExpensesGrp/TotalAmt01810796
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0135711
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0135711
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0522833
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0539944
IRS990/TotalProgramServiceExpensesAmt01635213
IRS990/TotalProgramServiceRevenueAmt01929789
IRS990/TotalReportableCompFromOrgAmt0239585
IRS990/TotalRevenueGrp/ExclusionAmt02063
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01952243
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01954633
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0522833
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0675655
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0522833
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0539944
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 SCHOOL STREET
IRS990/USAddress/CityNm0MANSFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002048
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0MANSFIELDCHILDRENSCENTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEANNE FALLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05083394111
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0H READ INC
ReturnHeader/Filer/BusinessNameControlTxt0HREA
ReturnHeader/Filer/EIN0042725454
ReturnHeader/Filer/PhoneNum05083394111
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 SCHOOL STREET
ReturnHeader/Filer/USAddress/CityNm0MANSFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002048
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01C9CF1BFF51B54C0D9762FBD20219B33F0E47AA2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01C9CF1BFF51B54C0D9762FBD20219B33F0E47AA2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.150.84.105
ReturnHeader/FilingSecurityInformation/IPDt02019-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:54:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043256157
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLLINS SMITH & O'CONNOR LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt077 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATTLEBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0027032219
ReturnHeader/PreparerPersonGrp/PhoneNum05082223795
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW W HARRISON CPA MST
ReturnHeader/ReturnTs02019-11-06T07:54:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$675,655
Liabilities
$135,711
Net assets
$539,944
Revenue
$1,954,633
Expenses
$1,810,796
Net income
$143,837
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