Civic Intelligence

Cohasset Local Education Foundation Ltd.

990 • Fiscal year 2016 • EIN 04-3160688

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 04, 2016

PO Box 309Cohasset, MA 02025

(781) 383-2202

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

62nd percentile

6.1%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-16%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$812,743

Up $46,719 (+6.1%) from 2015

Net Assets

Up

$812,743

Up $46,719 (+6.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$160,333

Down $31,349 (-16%) from 2015

Expenses

Down

$113,614

Down $21,280 (-16%) from 2015

Net Income

Down

$46,719

Down $10,069 (-18%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $529,868Liabilities 2011: $0Net Assets 2011: $529,8682011Assets 2012: $566,837Liabilities 2012: $0Net Assets 2012: $566,8372012Assets 2013: $613,878Liabilities 2013: $0Net Assets 2013: $613,8782013Assets 2014: $709,236Liabilities 2014: $0Net Assets 2014: $709,2362014Assets 2015: $766,024Liabilities 2015: $0Net Assets 2015: $766,0242015Assets 2016: $812,743Liabilities 2016: $0Net Assets 2016: $812,7432016Assets 2017: $921,022Liabilities 2017: $0Net Assets 2017: $921,0222017Assets 2018: $992,494Liabilities 2018: $0Net Assets 2018: $992,4942018Assets 2019: $1,064,925Liabilities 2019: $0Net Assets 2019: $1,064,9252019Assets 2020: $1,162,345Liabilities 2020: $0Net Assets 2020: $1,162,3452020Assets 2021: $1,401,352Liabilities 2021: $0Net Assets 2021: $1,401,3522021Assets 2022: $1,200,736Liabilities 2022: $0Net Assets 2022: $1,200,7362022Assets 2023: $1,206,907Liabilities 2023: $0Net Assets 2023: $1,206,9072023Assets 2024: $1,355,436Liabilities 2024: $0Net Assets 2024: $1,355,4362024Assets 2025: $1,392,159Liabilities 2025: $0Net Assets 2025: $1,392,1592025

Highlighted filing

2016

Assets$812,743
Liabilities$0
Net Assets$812,743

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $145,871Expenses 2011: $63,807Net Income 2011: $82,0642011Expenses 2012: $106,5892012Revenue 2013: $130,451Expenses 2013: $83,410Net Income 2013: $47,0412013Revenue 2014: $183,399Expenses 2014: $88,041Net Income 2014: $95,3582014Revenue 2015: $191,682Expenses 2015: $134,894Net Income 2015: $56,7882015Revenue 2016: $160,333Expenses 2016: $113,614Net Income 2016: $46,7192016Revenue 2017: $301,198Expenses 2017: $192,919Net Income 2017: $108,2792017Revenue 2018: $184,087Expenses 2018: $170,477Net Income 2018: $13,6102018Revenue 2019: $179,010Expenses 2019: $105,869Net Income 2019: $73,1412019Revenue 2020: $157,221Expenses 2020: $57,764Net Income 2020: $99,4572020Revenue 2021: $269,880Expenses 2021: $147,010Net Income 2021: $122,8702021Revenue 2022: $126,438Expenses 2022: $59,213Net Income 2022: $67,2252022Revenue 2023: $163,004Expenses 2023: $202,208Net Income 2023: -$39,2042023Revenue 2024: $193,884Expenses 2024: $135,981Net Income 2024: $57,9032024Revenue 2025: $118,115Expenses 2025: $185,438Net Income 2025: -$67,3232025

Highlighted filing

2016

Revenue$160,333
Expenses$113,614
Net Income$46,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 4, 2016
Return Version
2015v2.0
Gross Receipts
$174,452
Mission and Program Overview

Mission

The Cohasset Local Education Foundation. Ltd operates for the primary purpose to promote academic excellence in the public schools by identifying projects beyond the scope of the traditional school budget and by supporting those projects through a variety of fundraising efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$766,024$812,743▲ $46,719
Investments in Publicly Traded Securities$717,265$739,784▲ $22,519
Savings and Temporary Cash Investments$48,759$67,218▲ $18,459
Cash and Non-Interest-Bearing Accounts-$5,741-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$766,024$812,743▲ $46,719
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$766,024$812,743▲ $46,719
Total Liabilities and Net Assets / Fund Balance$766,024$812,743▲ $46,719
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$96,711
Program Service Revenue
$0
Investment Income
$27,492
Other Revenue
$36,130
All Other Contributions
$96,711
Change in Net Assets
$46,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$90,701
Other Expenses$22,913
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$89,701--$89,701
Fees for Service Investment Mgmnt Fees-$6,167-$6,167
Fees for Services Other-$5,300-$5,300
Other Expenses-$1,492-$1,492
Fees for Services Accounting-$1,450-$1,450
Grants to Domestic Individuals$1,000--$1,000
Office Expenses-$575-$575
All Other Expenses-$70-$70
Total Functional Expenses$90,701$22,913$0$113,614
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cohasset Public SchoolsCohasset, MA-Support local public schools$89,701
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,249
Fundraising Direct Expenses$14,119
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala / Spelling Bee$50,249$50,249$14,119$36,130
Total Events$50,249$50,249$14,119$36,130
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was provided to each voting member of the organization's governing body in paper form prior to its filing with the IRS. It is up to the individual voting member to review the Form 990.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Cohasset Local Education Foundation
EIN
04-3160688
Phone
7813832202
Address
PO Box 309, Cohasset, MA 02025

Signing Officer

Name
Cindy Matheison
Title
President
Signed
2016-11-04
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Legal Domicile
Ma
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
James F Kearney & Co CPAS
Address
152 King St - Rt 3A, Cohasset, MA 02025
Preparer
Michael Kearney CPA
Phone
7813836070
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt027492
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027492
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0717265
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0739784
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Cohasset Local Education Foundation. Ltd operates for the primary purpose to promote academic excellence in the public schools by identifying projects beyond the scope of the traditional school budget and by supporting those projects through a variety of fundraising efforts.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0766024
IRS990/NetAssetsOrFundBalancesEOYAmt0812743
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt036130
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0575
IRS990/OfficeExpensesGrp/TotalAmt0575
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1Postage and Shipping
IRS990/OtherExpensesGrp/Desc2Processing fees
IRS990/OtherExpensesGrp/Desc3Dues & Subscriptions
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04114
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11999
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21746
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31492
IRS990/OtherExpensesGrp/TotalAmt04114
IRS990/OtherExpensesGrp/TotalAmt11999
IRS990/OtherExpensesGrp/TotalAmt21746
IRS990/OtherExpensesGrp/TotalAmt31492
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0113838
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0106675
IRS990/PYInvestmentIncomeAmt042826
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt028219
IRS990/PYOtherRevenueAmt035018
IRS990/PYRevenuesLessExpensesAmt056788
IRS990/PYTotalExpensesAmt0134894
IRS990/PYTotalRevenueAmt0191682
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt046719
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0766024
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0812743
IRS990/SavingsAndTempCashInvstGrp/BOYAmt048759
IRS990/SavingsAndTempCashInvstGrp/EOYAmt067218
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0132841
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0148856
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0145611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0161442
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0156516
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0745266
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027492
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt042826
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt047139
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021950
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt012301
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0151708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027492
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt042826
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt047139
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021950
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012301
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0151708
IRS990ScheduleA/InvestmentIncomeCYPct00.16910
IRS990ScheduleA/InvestmentIncomePYPct00.16580
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83090
IRS990ScheduleA/PublicSupportPY509Pct00.83420
IRS990ScheduleA/PublicSupportTotal509Amt0745266
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0132841
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0148856
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0145611
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0161442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0156516
IRS990ScheduleA/Total509Grp/TotalAmt0745266
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0191682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0192750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0183392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0168817

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.12$0.19$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.19$0.14$0.06
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.00$1.21$0.16$0.20$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.13$0.06$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.00$1.40$0.27$0.15$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.16$0.06$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$0.18$0.11$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$0.00$0.99$0.18$0.17$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.00$0.92$0.30$0.19$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.16$0.11$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$0.19$0.13$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.18$0.09$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.61$0.13$0.08$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.11
2011Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.15$0.06$0.08
Peer Organizations

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