Civic Intelligence

Lynn Business Education Foundation Inc

990 • Fiscal year 2015 • EIN 04-2937255

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 07, 2015

Organization Profilelynnbef.org
15 Johnson StLynn, MA 01902

(781) 592-5599

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

2nd percentile

-267%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

6th percentile

-66%

Faster revenue growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$301,193

Down $46,751 (-13%) from 2014

Net Assets

Down

$301,193

Down $46,751 (-13%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin2nd percentile

Revenue

Down

$17,538

Down $34,017 (-66%) from 2014

Expenses

Down

$64,289

Down $3,968 (-5.8%) from 2014

Net Income

Down

-$46,751

Down $30,049 (-180%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$600K$400K$200K$0Assets 2011: $411,867Liabilities 2011: $0Net Assets 2011: $411,8672011Assets 2013: $364,646Liabilities 2013: $0Net Assets 2013: $364,6462013Assets 2014: $347,944Liabilities 2014: $0Net Assets 2014: $347,9442014Assets 2015: $301,193Liabilities 2015: $0Net Assets 2015: $301,1932015Assets 2016: $248,080Liabilities 2016: $0Net Assets 2016: $248,0802016Assets 2017: $215,254Liabilities 2017: $0Net Assets 2017: $215,2542017Assets 2018: $170,018Liabilities 2018: $0Net Assets 2018: $170,0182018Assets 2019: $232,802Liabilities 2019: $75,000Net Assets 2019: $157,8022019Assets 2020: $153,089Liabilities 2020: $14,980Net Assets 2020: $138,1092020Assets 2022: $111,500Liabilities 2022: $0Net Assets 2022: $111,5002022Assets 2023: $83,106Liabilities 2023: $0Net Assets 2023: $83,1062023Assets 2024: $73,671Net Assets 2024: $73,6712024Assets 2025: $0Net Assets 2025: $02025

Highlighted filing

2015

Assets$301,193
Liabilities$0
Net Assets$301,193
Open 2015 Filing

Operations Trend

Revenue Growth6th percentile

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

$200K$100K$0-$100KExpenses 2011: $78,1712011Revenue 2013: $42,630Expenses 2013: $47,305Net Income 2013: -$4,6752013Revenue 2014: $51,555Expenses 2014: $68,257Net Income 2014: -$16,7022014Revenue 2015: $17,538Expenses 2015: $64,289Net Income 2015: -$46,7512015Revenue 2016: $91,699Expenses 2016: $144,812Net Income 2016: -$53,1132016Revenue 2017: $65,124Expenses 2017: $97,950Net Income 2017: -$32,8262017Revenue 2018: $18,401Expenses 2018: $63,837Net Income 2018: -$45,4362018Revenue 2019: $30,633Expenses 2019: $42,848Net Income 2019: -$12,2152019Revenue 2020: $63,005Expenses 2020: $82,698Net Income 2020: -$19,6932020Revenue 2022: $57,256Expenses 2022: $85,861Net Income 2022: -$28,6052022Revenue 2023: $9,498Expenses 2023: $37,891Net Income 2023: -$28,3932023Revenue 2024: $32,905Expenses 2024: $42,341Net Income 2024: -$9,4362024Revenue 2025: $24,235Expenses 2025: $97,906Net Income 2025: -$73,6712025

Highlighted filing

2015

Revenue$17,538
Expenses$64,289
Net Income-$46,751
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 7, 2015
Return Version
2014v5.0
Gross Receipts
$17,538
Mission and Program Overview

Mission

Development of programs in schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,068$21,136▼ $5,932
Land, Buildings, and Equipment, Net$3,541$2,754▼ $787
Total Assets$347,944$301,193▼ $46,751
Other Assets Total$317,335$277,303▼ $40,032
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$347,944$301,193▼ $46,751
Total Net Assets Fund Balance$347,944$301,193▼ $46,751
Total Liabilities and Net Assets / Fund Balance$347,944$301,193▼ $46,751

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,754$3,105$5,859
Other Assets Org$277,303--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$317,335-▲ $9,968-$277,303
2013$326,062-▲ $41,273-$317,335
2012$342,836-▲ $33,226-$326,062
2011$395,913-▼ $3,077-$342,836
2010$368,241-▲ $77,670-$395,911
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Gregory AmbrosePresident
Gale ThomasVice President
Alice GunningDirector
Brant DuncanDirector
Brian ThomasDirector
Catherine LathamDirector
Clfford BoggisDirector
Deborah Smith WalshDirector
Ivelise GonzalezDirector
Mary Jo KoopmanDirector
Paul CrowleyDirector
Pauline CoulonDirector
Richard GorhamDirector
Rosario FrescoDirector
Stephen UptonDirector
Dr Fred ColeExecutive Director
Catherine PerrySecretary
John GreeleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,575
Program Service Revenue
$0
Investment Income
$12,994
Other Revenue
$-31
All Other Contributions
$4,575
Change in Net Assets
$-46,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,538
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$17,538
Total Revenue per Form 990
$17,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$62,139
Grants and Similar Amounts Paid$2,150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$6,290-$6,290
Other Expenses$4,723$5,985-$4,723
Fees for Service Investment Mgmnt Fees-$2,995-$2,995
Grants to Domestic Orgs$2,150--$2,150
Fees for Services Accounting-$1,950-$1,950
Occupancy-$1,400-$1,400
Insurance-$1,271-$1,271
Depreciation Depletion-$787-$787
Total Functional Expenses$6,873$57,416$0$64,289

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$64,289
Total Expenses per Audited Statements$64,289
Total Expenses per Form 990$64,289
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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, Part VI, Section B, line 11

“Form 990 is presented to the Board of Directors for approval at a Board meeting before approval”

Form 990, Part VI, Section B, line 12C

“Organization regularly monitors any possible conflict of interest”

Form 990, Part VI, Section C, line 19

“Upon Request”

Filing and Contact Details

Filer

Filer Name
Lynn Business Education FoundationInc
EIN
04-2937255
Phone
7815925599
Address
15 Johnson St, Lynn, MA 01902

Signing Officer

Name
Fred Cole
Title
Executive Director
Phone
7815925599
Signed
2015-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Cole
Formed
1986
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Neal A Price & Company LLP
Address
194 Newbury Street - Suite 6, Peabody, MA 01960
Preparer
Paul D Price
Phone
9788545656
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“The Foundation will use endowment funds to further their mission of helping to mobilize the business and philanthropic communities to advocate and support systemic reform of the governance, financial management, and educational delivery system of the Lynn Public Schools.”

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IRS990/OtherRevenueMiscGrp/Desc0Realized Gain on Inves
IRS990/OtherRevenueMiscGrp/Desc1Unrealized Gain/(loss)
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08764
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-8795
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08764
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-8795
IRS990/OtherRevenueTotalAmt0-31
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Fred Cole
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06960
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05160
IRS990/PYInvestmentIncomeAmt013255
IRS990/PYOtherExpensesAmt063097
IRS990/PYOtherRevenueAmt031340
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-16702
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt068257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt051555
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-46751
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04575
IRS990ScheduleA/FactsAndCircumstancesTestTxt0The Taxpayer believes that the facts and circumstances test is met because a substantial amount of its support is from investment income generated by the endowment fund. The endowment fund was established by contributions from the public that were placed into the endowment in order to further the Foundation's mission and as a result should be considered public support.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04575
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05029
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028044
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt013255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015792
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016468
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017795
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt076304
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-31
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt031340
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt020838
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-16039
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt063789
IRS990ScheduleA/OtherIncome170Grp/TotalAmt099897
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.13730
IRS990ScheduleA/PublicSupportPY170Pct00.12300
IRS990ScheduleA/PublicSupportTotal170Amt028044
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04575
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06960
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05029
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028044
IRS990ScheduleA/TotalSupportAmt0204245
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0317335
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0277303
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt09968
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0326062
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0317335
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0342836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0326062
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033226
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0395913
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0342836
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3077
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0368241
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0395911
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt077670
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02754
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03105
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05859
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt064289
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0277303
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Endowment Funds
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt017538
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation will use endowment funds to further their mission of helping to mobilize the business and philanthropic communities to advocate and support systemic reform of the governance, financial management, and educational delivery system of the Lynn Public Schools.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02754
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0277303
IRS990ScheduleD/TotalExpensesPerForm990Amt064289
IRS990ScheduleD/TotalRevenuePerForm990Amt017538
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017538
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt064289
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is presented to the Board of Directors for approval at a Board meeting before approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization regularly monitors any possible conflict of interest
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon Request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0347944

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$301,193
Liabilities
$0
Net assets
$301,193
Revenue
$17,538
Expenses
$64,289
Net income
-$46,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.24$0.98$0.74
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.74$0.33$0.42$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.09$0.38$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.57$0.86$0.29
2020Detailed filing. Detailed filing data is available for this year.$1.53$0.15$1.38$0.63$0.83$0.20
2019Detailed filing. Detailed filing data is available for this year.$2.33$0.75$1.58$0.31$0.43$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.18$0.64$0.45
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.65$0.98$0.33
2016Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$0.92$1.45$0.53
2015Detailed filing. Detailed filing data is available for this year.$3.01$0.00$3.01$0.18$0.64$0.47
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.00$3.48$0.52$0.68$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.00$3.65$0.43$0.47$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.00$4.12$0.78