Civic Intelligence

Touchstone Community School Inc.

990 • Fiscal year 2015 • EIN 04-2735013

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 24, 2016

54 Leland StreetGrafton, MA 01519

(508) 839-0038

Siviq Scores

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

Liabilities / Assets

74th percentile

0.40x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

74th percentile

0.42x

Higher debt load relative to revenue than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

37th percentile

-0.8%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$120,593

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.6%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

4.5%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,853,695

Down $89,400 (-4.6%) from 2014

Net Assets

Down

$1,104,608

Down $3,469 (-0.3%) from 2014

Liabilities

Down

$749,087

Down $85,931 (-10%) from 2014

Revenue

Up

$1,763,428

Up $76,712 (+4.5%) from 2014

Expenses

Up

$1,777,420

Up $10,913 (+0.6%) from 2014

Net Income

Up

-$13,992

Up $65,799 (+82%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,141,007Liabilities 2011: $698,448Net Assets 2011: $1,442,5592011Assets 2012: $2,073,005Liabilities 2012: $762,228Net Assets 2012: $1,310,7772012Assets 2013: $1,951,664Liabilities 2013: $821,351Net Assets 2013: $1,130,3132013Assets 2014: $1,943,095Liabilities 2014: $835,018Net Assets 2014: $1,108,0772014Assets 2015: $1,853,695Liabilities 2015: $749,087Net Assets 2015: $1,104,6082015Assets 2016: $1,782,818Liabilities 2016: $654,888Net Assets 2016: $1,127,9302016Assets 2017: $1,828,691Liabilities 2017: $669,964Net Assets 2017: $1,158,7272017Assets 2018: $1,925,066Liabilities 2018: $848,424Net Assets 2018: $1,076,6422018Assets 2019: $1,684,279Liabilities 2019: $764,564Net Assets 2019: $919,7152019Assets 2020: $1,639,125Liabilities 2020: $647,128Net Assets 2020: $991,9972020Assets 2021: $1,775,335Liabilities 2021: $722,375Net Assets 2021: $1,052,9602021Assets 2022: $1,850,005Liabilities 2022: $798,600Net Assets 2022: $1,051,4052022Assets 2023: $1,892,121Liabilities 2023: $773,907Net Assets 2023: $1,118,2142023Assets 2024: $1,678,394Liabilities 2024: $824,249Net Assets 2024: $854,1452024Assets 2025: $1,842,562Liabilities 2025: $892,765Net Assets 2025: $949,7972025

Highlighted filing

2015

Assets$1,853,695
Liabilities$749,087
Net Assets$1,104,608

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,631,254Expenses 2011: $1,703,670Net Income 2011: -$72,4162011Expenses 2012: $1,997,4402012Revenue 2013: $1,758,741Expenses 2013: $1,985,736Net Income 2013: -$226,9952013Revenue 2014: $1,686,716Expenses 2014: $1,766,507Net Income 2014: -$79,7912014Revenue 2015: $1,763,428Expenses 2015: $1,777,420Net Income 2015: -$13,9922015Revenue 2016: $1,885,214Expenses 2016: $1,865,201Net Income 2016: $20,0132016Revenue 2017: $2,077,840Expenses 2017: $2,062,477Net Income 2017: $15,3632017Revenue 2018: $1,895,021Expenses 2018: $1,977,106Net Income 2018: -$82,0852018Revenue 2019: $1,646,840Expenses 2019: $1,803,767Net Income 2019: -$156,9272019Revenue 2020: $1,526,290Expenses 2020: $1,454,008Net Income 2020: $72,2822020Revenue 2021: $1,589,521Expenses 2021: $1,528,558Net Income 2021: $60,9632021Revenue 2022: $1,582,959Expenses 2022: $1,584,514Net Income 2022: -$1,5552022Revenue 2023: $1,503,494Expenses 2023: $1,668,312Net Income 2023: -$164,8182023Revenue 2024: $1,376,537Expenses 2024: $1,640,606Net Income 2024: -$264,0692024Revenue 2025: $1,716,933Expenses 2025: $1,621,281Net Income 2025: $95,6522025

Highlighted filing

2015

Revenue$1,763,428
Expenses$1,777,420
Net Income-$13,992
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 24, 2016
Return Version
2014v6.0
Gross Receipts
$1,774,036
Mission and Program Overview

Mission

An independent school to provide a unique learning environment in which to educate children from pre-kindergarten through eighth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,320,615$1,268,766▼ $51,849
Cash and Non-Interest-Bearing Accounts$243,259$298,036▲ $54,777
Accounts Receivable$35,581$27,712▼ $7,869
Prepaid Expenses and Deferred Charges$18,324$25,593▲ $7,269
Loans From Officers Directors$25,000$25,000→ $0
Total Assets$1,943,095$1,853,695▼ $89,400
Other Assets Total$325,316$233,588▼ $91,728
Liabilities
Deferred Revenue$462,234$432,976▼ $29,258
Mortgage Notes Payable Secured by Investment Property$264,856$230,827▼ $34,029
Accounts Payable and Accrued Expenses$82,928$60,284▼ $22,644
Total Liabilities$835,018$749,087▼ $85,931
Net Assets / Fund Balance
Unrestricted Net Assets$840,036$929,284▲ $89,248
Temporarily Rstr Net Assets$268,041$175,324▼ $92,717
Total Net Assets Fund Balance$1,108,077$1,104,608▼ $3,469
Total Liabilities and Net Assets / Fund Balance$1,943,095$1,853,695▼ $89,400

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$658,412$1,161,427$1,819,839
Other Land Buildings$261,912$93,995$355,907
Land$307,755-$307,755
Equipment$40,687$111,588$152,275
Other Assets Org$233,588--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan DillerHead of SchoFT$110,660$9,933$120,593
Emily Miller MlcakTrusteeFT$49,305$11,436$60,741
Kathleen LittleDirector ofPT$42,231$2,185$44,416
Sharon BorgTrusteeFT$40,876$2,061$42,937
David CantlerTrusteeFT$31,160$1,873$33,033

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$65,476
Program Service Revenue
$1,674,186
Investment Income
$161
Other Revenue
$23,605
All Other Contributions
$65,476
Change in Net Assets
$-13,992

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,763,428
Revenue Not Reported on Form 990
$-328,472
Total Revenue per Audited Statements
$1,434,956
Total Revenue per Form 990
$1,763,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$987,035
Other Expenses$409,410
Grants and Similar Amounts Paid$339,080
Total Fundraising Expense$42,281
Professional Fundraising Fees$41,895

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$306,517$202,646-$509,163
Grants to Domestic Individuals$339,080--$339,080
Current Officers, Directors, Trustees, and Key Employees$259,214$44,496-$303,710
Depreciation Depletion$85,691--$85,691
Payroll Taxes$41,644$31,567-$73,211
Other Employee Benefits$58,012$11,831-$69,843
All Other Expenses$31,033$26,774$122$57,929
Fees for Services Professional Fundraising--$41,895$41,895
Pension Plan Contributions$20,764$10,344-$31,108
Office Expenses$1,802$24,824$264$26,890
Insurance$18,556$7,953-$26,509
Other Expenses$22,023$1,764-$22,023
Fees for Services Legal-$16,271-$16,271
Fees for Services Other$14,736$647-$15,383
Interest$15,250--$15,250
Fees for Services Accounting-$10,500-$10,500
Total Functional Expenses$1,285,185$449,954$42,281$1,777,420

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,777,420
Total Expenses per Form 990$1,777,420
Total Expenses per Audited Statements$1,448,948
Expenses Not Reported on Form 990$-328,472
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$41,895
Fundraising Gross Income$34,213
Fundraising Direct Expenses$10,608

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$34,213$34,213$10,608$23,605
Total Events$34,213$34,213$10,608$23,605
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000$25,000→ $0
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
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 6

The organization has members. The parents of the students attending the school, have the authority to elect members of the board of trustees.

Form 990, Page 6, Part VI, Line 7A

The members (parents of students) have the authority to elect members of the board.

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

The 990 is reviewed by the treasurer, as board designee, and the head of school prior to filing.

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

Board members annually review and sign off on the conflict of interest policy. All are required to disclose any conflicts.

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

Board members vote on recommendations for salary provided by the finance committee, who conducts research on salaries to be provided.

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

Board members vote on recommendations for salary provided by the finance committee, who conducts research on salaries to be provided.

Form 990, Page 6, Part VI, Line 19

The organization's financial statements are available for viewing online at www.guidestar.org, a website used to rate non-profits for potential donors. The tax filings are also availible at the massachusetts attorney general's division for public charities website and at the school.

Filing and Contact Details

Filer

Filer Name
Touchstone Community School Inc
EIN
04-2735013
Phone
5088390038
Address
54 LELAND STREET, GRAFTON, MA 01519

Signing Officer

Name
Susan Diller
Title
Head of School
Phone
5088390038
Signed
2016-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Diller
Formed
1981
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
12
Employees
47
Volunteers
65

Preparer

Firm
M Love & Associates LLC
Address
67 MILLBROOK STREET, WORCESTER, MA 01606
Preparer
Mark L Love CPA
Phone
5087975200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Financial aid -339,080 direct fundraising expenses 10,608 financial aid 339,080 direct fundraising expense -10,608

Form 990, Part XI, Line 9

Investment gains on agency funds 523 agency fund contributions 10,000

Financial Statement Notes

Schedule D, Page 3, Part X

Management does not believe that the orgaization has taken any tax positions which are uncertain.

Schedule D, Page 4, Part XI, Line 2D

Financial aid -339,080 direct fundraising expenses 10,608

Schedule D, Page 4, Part XII, Line 2D

Financial aid -339,080 direct fundraising expense 10,608

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CLERK
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IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01268766
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt025000
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IRS990/MissionDesc0AN INDEPENDENT SCHOOL TO PROVIDE A UNIQUE LEARNING ENVIRONMENT IN WHICH TO EDUCATE CHILDREN FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt010523
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt069843
IRS990/OtherExpensesGrp/Desc0GENERAL MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ADVERTISING AND ADMISSION
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3FIELD TRIPS
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IRS990/OtherExpensesGrp/ProgramServicesAmt133524
IRS990/OtherExpensesGrp/ProgramServicesAmt222023
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IRS990/OtherExpensesGrp/TotalAmt235288
IRS990/OtherExpensesGrp/TotalAmt322023
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0509163
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IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031567
IRS990/PayrollTaxesGrp/ProgramServicesAmt041644
IRS990/PayrollTaxesGrp/TotalAmt073211
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010344
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020764
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IRS990/ProgSrvcAccomActy2Grp/Desc0NONPROFIT ELEMENTARY SCHOOL AUXILIARY PROGRAMS INCLUDING EXTENDED DAY.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt078339
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IRS990/PYTotalExpensesAmt01766507
IRS990/PYTotalRevenueAmt01686716
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IRS990/ReportOtherAssetsInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01161427
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IRS990ScheduleD/EquipmentGrp/BookValueAmt040687
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111588
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0152275
IRS990ScheduleD/ExpensesNotReportedAmt0-328472
IRS990ScheduleD/ExpensesSubtotalAmt01777420
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0307755
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0233588
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GREATER WORCESTER COMMUNITY FOUNDATI
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt093995
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0355907
IRS990ScheduleD/OtherRevenueAmt0-328472
IRS990ScheduleD/RevenueNotReportedAmt0-328472
IRS990ScheduleD/RevenueSubtotalAmt01763428
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DOES NOT BELIEVE THAT THE ORGAIZATION HAS TAKEN ANY TAX POSITIONS WHICH ARE UNCERTAIN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID -339,080 DIRECT FUNDRAISING EXPENSES 10,608
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID -339,080 DIRECT FUNDRAISING EXPENSE 10,608
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0233588
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IRS990ScheduleD/TotalRevenuePerForm990Amt01763428
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01448948
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.84$0.89$0.95$1.72$1.62$0.10
2024Detailed filing. Detailed filing data is available for this year.$1.68$0.82$0.85$1.38$1.64$0.26
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.77$1.12$1.50$1.67$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.85$0.80$1.05$1.58$1.58$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.72$1.05$1.59$1.53$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.64$0.65$0.99$1.53$1.45$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.68$0.76$0.92$1.65$1.80$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.93$0.85$1.08$1.90$1.98$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.83$0.67$1.16$2.08$2.06$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.78$0.65$1.13$1.89$1.87$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.85$0.75$1.10$1.76$1.78$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.94$0.84$1.11$1.69$1.77$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.82$1.13$1.76$1.99$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.76$1.31$2.00
2011Summary only. Only limited summary data is available for this year.$2.14$0.70$1.44$1.63$1.70$0.07