Civic Intelligence

Harborlight Nursery School Inc.

990 • Fiscal year 2018 • EIN 04-2883700

Sep 01, 2017 to Aug 31, 2018 • Filed on Jan 22, 2020

221 Cabot StreetBeverly, MA 01915

(978) 922-3295

Siviq Scores

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

Liabilities / Assets

85th percentile

0.25x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

27th percentile

-7.6%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$2,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

20th percentile

-21%

Faster asset growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-9.8%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$137,787

Down $35,833 (-21%) from 2017

Net Assets

Down

$103,548

Down $24,814 (-19%) from 2017

Liabilities

Down

$34,239

Down $11,019 (-24%) from 2017

Revenue

Down

$326,848

Down $35,435 (-9.8%) from 2017

Expenses

Up

$351,662

Up $12,125 (+3.6%) from 2017

Net Income

Down

-$24,814

Down $47,560 (-209%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $150,703Liabilities 2011: $40,969Net Assets 2011: $109,7342011Assets 2012: $168,459Liabilities 2012: $55,802Net Assets 2012: $112,6572012Assets 2013: $176,967Liabilities 2013: $41,644Net Assets 2013: $135,3232013Assets 2014: $170,264Liabilities 2014: $35,440Net Assets 2014: $134,8242014Assets 2015: $171,073Liabilities 2015: $36,125Net Assets 2015: $134,9482015Assets 2016: $145,024Liabilities 2016: $39,426Net Assets 2016: $105,5982016Assets 2017: $173,620Liabilities 2017: $45,258Net Assets 2017: $128,3622017Assets 2018: $137,787Liabilities 2018: $34,239Net Assets 2018: $103,5482018Assets 2019: $96,679Liabilities 2019: $46,822Net Assets 2019: $49,8572019Assets 2020: $202,814Liabilities 2020: $167,413Net Assets 2020: $35,4012020Assets 2021: $177,300Liabilities 2021: $174,692Net Assets 2021: $2,6082021Assets 2022: $225,764Liabilities 2022: $118,377Net Assets 2022: $107,3872022Assets 2023: $259,897Liabilities 2023: $137,061Net Assets 2023: $122,8362023Assets 2024: $295,763Liabilities 2024: $150,246Net Assets 2024: $145,5172024

Highlighted filing

2018

Assets$137,787
Liabilities$34,239
Net Assets$103,548

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $278,906Expenses 2011: $273,054Net Income 2011: $5,8522011Revenue 2012: $282,983Expenses 2012: $280,060Net Income 2012: $2,9232012Revenue 2013: $306,627Expenses 2013: $283,961Net Income 2013: $22,6662013Revenue 2014: $302,974Expenses 2014: $303,473Net Income 2014: -$4992014Revenue 2015: $303,148Expenses 2015: $303,024Net Income 2015: $1242015Revenue 2016: $330,920Expenses 2016: $360,270Net Income 2016: -$29,3502016Revenue 2017: $362,283Expenses 2017: $339,537Net Income 2017: $22,7462017Revenue 2018: $326,848Expenses 2018: $351,662Net Income 2018: -$24,8142018Revenue 2019: $284,386Expenses 2019: $338,077Net Income 2019: -$53,6912019Revenue 2020: $297,950Expenses 2020: $312,406Net Income 2020: -$14,4562020Revenue 2021: $178,546Expenses 2021: $264,999Net Income 2021: -$86,4532021Revenue 2022: $307,972Expenses 2022: $247,785Net Income 2022: $60,1872022Revenue 2023: $326,043Expenses 2023: $310,595Net Income 2023: $15,4482023Revenue 2024: $350,619Expenses 2024: $327,938Net Income 2024: $22,6812024

Highlighted filing

2018

Revenue$326,848
Expenses$351,662
Net Income-$24,814
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jan 22, 2020
Return Version
2017v2.3
Gross Receipts
$326,848
Mission and Program Overview

Mission

To establish and conduct one or more nursery schools and other educational programs for children of pre-school age; to operate, conduct, and provide day care services for the recreation, education, and general socialization of children; and to establish and confer scholarships upon pre-school age children unable to afford the normal charges for nursery school day care or related educational services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$161,176$122,086▼ $39,090
Rtn Earn Endowment Incm Other Fnds$128,362$103,548▼ $24,814
Land, Buildings, and Equipment, Net$12,444$15,701▲ $3,257
Total Assets$173,620$137,787▼ $35,833
Liabilities
Deferred Revenue$43,289$32,720▼ $10,569
Accounts Payable and Accrued Expenses$1,969$1,519▼ $450
Total Liabilities$45,258$34,239▼ $11,019
Net Assets / Fund Balance
Total Net Assets Fund Balance$128,362$103,548▼ $24,814
Total Liabilities and Net Assets / Fund Balance$173,620$137,787▼ $35,833

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$414$38,515$38,929
Leasehold Improvements$13,434$5,296$18,730
Equipment$1,853$10,478$12,331
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward McfaddenTreasurerPT$2,000$2,000

Board Members and Trustees

NameTitle
Julie E KaraganisPresident
Anthony GaglioneDirector
Bethani MoremongDirector
Jennifer CardDirector
Jennifer MayoDirector
Julie FlowersDirector
Julie MacsataDirector
Suzanne HarlowDirector
Anne KohlerSecretary
Ruth AllouiseVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$312,452
Investment Income
$133
Other Revenue
$14,263
Change in Net Assets
$-24,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$298,107
Other Expenses$53,555
Total Fundraising Expense$1,696
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$182,663$69,714-$252,377
Other Employee Benefits$19,621$7,505-$27,126
Payroll Taxes$12,686$5,918-$18,604
Occupancy$17,040--$17,040
Fees for Services Other$2,492$2,815-$5,307
Information Technology$5,168--$5,168
Insurance$1,701$1,701-$3,402
Conferences and Meetings$1,465-$1,696$3,161
Advertising-$2,728-$2,728
Depreciation Depletion$406$1,335-$1,741
Other Expenses$30$810-$840
Office Expenses$668--$668
All Other Expenses-$518-$518
Interest-$4-$4
Total Functional Expenses$251,998$97,968$1,696$351,662
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,732
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
-ReverendRent Paid to Fbc BevNo$17,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
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 11B

Copy of form 990 presented to all board members and reviewed at monthly meeting.

Form 990, Page 6, Part VI, Line 19

All information available upon request.

Filing and Contact Details

Filer

Filer Name
Harborlight Nursery School Inc
EIN
04-2883700
Phone
9789223295
Address
221 CABOT STREET, BEVERLY, MA 01915

Signing Officer

Name
Julie E Karaganis
Title
President
Phone
9789223295
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie E Karaganis
Formed
1985
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
10
Employees
14

Preparer

Firm
Krupsky & Company Llp
Address
500 CUMMINGS CTR STE 3150, BEVERLY, MA 01915
Preparer
Marc a Krupsky CPA
Phone
9789210500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To establish and conduct one or more nursery schools and other educational programs for children of pre-school age; to operate, conduct, and provide day care services for the recreation, education, and general socialization of children; and to establish and confer scholarships upon pre-school age children unable to afford the normal charges for nursery school day care or related educational services.

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IRS990/PYOtherRevenueAmt011763
IRS990/PYProgramServiceRevenueAmt0350021
IRS990/PYRevenuesLessExpensesAmt022746
IRS990/PYSalariesCompEmpBnftPaidAmt0291908
IRS990/PYTotalExpensesAmt0339537
IRS990/PYTotalRevenueAmt0362283
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-24814
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0312452
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0128362
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0103548
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0161176
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0122086
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01853
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010478
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012331
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013434
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05296
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018730
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0414
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038515
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038929
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015701
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL DOES NOT DISCRIMINATE IN ANY OF ITS ACTIVITIES EITHER PROGRAMMATICALLY OR ADMINISTRATIVELY. THIS POLICY PERTAINS TO ALL PERSONS REGARDLESS OF RACE, RELIGION, SEX, OR NATIONAL ORIGIN.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH BEVERLY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0REVEREND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt017040
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT PAID TO FBC BEV
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ESTABLISH AND CONDUCT ONE OR MORE NURSERY SCHOOLS AND OTHER EDUCATIONAL PROGRAMS FOR CHILDREN OF PRE-SCHOOL AGE; TO OPERATE, CONDUCT, AND PROVIDE DAY CARE SERVICES FOR THE RECREATION, EDUCATION, AND GENERAL SOCIALIZATION OF CHILDREN; AND TO ESTABLISH AND CONFER SCHOLARSHIPS UPON PRE-SCHOOL AGE CHILDREN UNABLE TO AFFORD THE NORMAL CHARGES FOR NURSERY SCHOOL DAY CARE OR RELATED EDUCATIONAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF FORM 990 PRESENTED TO ALL BOARD MEMBERS AND REVIEWED AT MONTHLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH IN BEVERLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0221 CABOT STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BEVERLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001915
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt017040
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AMOUNT PAID
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIRST BAPTIST CHURCH IN BEVERLY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0173620
IRS990/TotalAssetsEOYAmt0137787
IRS990/TotalAssetsGrp/BOYAmt0173620
IRS990/TotalAssetsGrp/EOYAmt0137787
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01696
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097968
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0251998
IRS990/TotalFunctionalExpensesGrp/TotalAmt0351662
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045258
IRS990/TotalLiabilitiesEOYAmt034239
IRS990/TotalLiabilitiesGrp/BOYAmt045258
IRS990/TotalLiabilitiesGrp/EOYAmt034239
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0128362
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0103548
IRS990/TotalProgramServiceExpensesAmt0251998
IRS990/TotalProgramServiceRevenueAmt0312452
IRS990/TotalReportableCompFromOrgAmt02000
IRS990/TotalRevenueGrp/ExclusionAmt0133
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0313983
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0326848
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0173620
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0137787
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020 OLD TOWN ROAD
IRS990/USAddress/CityNm0BEVERLY
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001915
IRS990/VotingMembersGoverningBodyCnt011

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$1.50$1.46$3.51$3.28$0.23
2023Detailed filing. Detailed filing data is available for this year.$2.60$1.37$1.23$3.26$3.11$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$1.18$1.07$3.08$2.48$0.60
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$1.75$0.03$1.79$2.65$0.86
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$1.67$0.35$2.98$3.12$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.47$0.50$2.84$3.38$0.54
2018Detailed filing. Detailed filing data is available for this year.$1.38$0.34$1.04$3.27$3.52$0.25
2017Summary only. Only limited summary data is available for this year.$1.74$0.45$1.28$3.62$3.40$0.23
2016Summary only. Only limited summary data is available for this year.$1.45$0.39$1.06$3.31$3.60$0.29
2015Summary only. Only limited summary data is available for this year.$1.71$0.36$1.35$3.03$3.03$0.00
2014Summary only. Only limited summary data is available for this year.$1.70$0.35$1.35$3.03$3.03$0.00
2013Summary only. Only limited summary data is available for this year.$1.77$0.42$1.35$3.07$2.84$0.23
2012Summary only. Only limited summary data is available for this year.$1.68$0.56$1.13$2.83$2.80$0.03
2011Summary only. Only limited summary data is available for this year.$1.51$0.41$1.10$2.79$2.73$0.06