Civic Intelligence

Laurel Education Center Inc.

990 • Fiscal year 2015 • EIN 04-3206542

Sep 01, 2014 to Aug 31, 2015 • Filed on Feb 02, 2016

1436 Long Pond RdBrewster, MA 02631

(508) 896-4934

Siviq Scores

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

Liabilities / Assets

90th percentile

0.79x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.65x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

12th percentile

-15%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

13th percentile

-26%

Faster revenue growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$625,772

Down $109,090 (-15%) from 2014

Net Assets

Down

$129,947

Down $147,605 (-53%) from 2014

Liabilities

Up

$495,825

Up $38,515 (+8.4%) from 2014

Revenue

Down

$760,034

Down $261,042 (-26%) from 2014

Expenses

Down

$907,639

Down $101,162 (-10%) from 2014

Net Income

Down

-$147,605

Down $159,880 (-1302%) from 2014

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 2010: $763,313Liabilities 2010: $405,937Net Assets 2010: $357,3762010Assets 2011: $776,804Liabilities 2011: $420,922Net Assets 2011: $355,8822011Assets 2012: $729,407Liabilities 2012: $444,347Net Assets 2012: $285,0602012Assets 2013: $744,913Liabilities 2013: $479,636Net Assets 2013: $265,2772013Assets 2014: $734,862Liabilities 2014: $457,310Net Assets 2014: $277,5522014Assets 2015: $625,772Liabilities 2015: $495,825Net Assets 2015: $129,9472015Assets 2016: $640,538Liabilities 2016: $436,522Net Assets 2016: $204,0162016Assets 2017: $613,100Liabilities 2017: $446,309Net Assets 2017: $166,7912017Assets 2018: $703,315Liabilities 2018: $529,001Net Assets 2018: $174,3142018Assets 2019: $723,772Liabilities 2019: $524,603Net Assets 2019: $199,1692019Assets 2020: $659,508Liabilities 2020: $565,186Net Assets 2020: $94,3222020Assets 2021: $939,112Liabilities 2021: $523,706Net Assets 2021: $415,4062021Assets 2022: $951,383Liabilities 2022: $493,147Net Assets 2022: $458,2362022Assets 2023: $1,188,625Liabilities 2023: $578,312Net Assets 2023: $610,3132023Assets 2024: $1,302,879Liabilities 2024: $564,754Net Assets 2024: $738,1252024

Highlighted filing

2015

Assets$625,772
Liabilities$495,825
Net Assets$129,947

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $784,2192010Expenses 2011: $862,5312011Expenses 2012: $983,0702012Revenue 2013: $940,490Expenses 2013: $960,273Net Income 2013: -$19,7832013Revenue 2014: $1,021,076Expenses 2014: $1,008,801Net Income 2014: $12,2752014Revenue 2015: $760,034Expenses 2015: $907,639Net Income 2015: -$147,6052015Revenue 2016: $689,573Expenses 2016: $615,504Net Income 2016: $74,0692016Revenue 2017: $630,027Expenses 2017: $660,502Net Income 2017: -$30,4752017Revenue 2018: $843,663Expenses 2018: $836,140Net Income 2018: $7,5232018Revenue 2019: $944,844Expenses 2019: $919,989Net Income 2019: $24,8552019Revenue 2020: $765,815Expenses 2020: $870,662Net Income 2020: -$104,8472020Revenue 2021: $1,136,875Expenses 2021: $960,583Net Income 2021: $176,2922021Revenue 2022: $1,373,784Expenses 2022: $1,330,954Net Income 2022: $42,8302022Revenue 2023: $1,556,904Expenses 2023: $1,404,827Net Income 2023: $152,0772023Revenue 2024: $1,960,264Expenses 2024: $1,832,452Net Income 2024: $127,8122024

Highlighted filing

2015

Revenue$760,034
Expenses$907,639
Net Income-$147,605
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$768,808
Mission and Program Overview

Mission

The mission of the laurel school is to encourage children to discover their unique talents through exploration, critical thinking, and intellectual discipline; helping them to become responsible architects of positive change in the world.

To provide a learning center for children pre-school through fifth grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$611,032$583,351▼ $27,681
Cash and Non-Interest-Bearing Accounts$46,100$33,201▼ $12,899
Prepaid Expenses and Deferred Charges$16,116$6,083▼ $10,033
Accounts Receivable$7,407$3,135▼ $4,272
Savings and Temporary Cash Investments$40,707$2▼ $40,705
Total Assets$734,862$625,772▼ $109,090
Other Assets Total$13,500$0▼ $13,500
Liabilities
Mortgage Notes Payable Secured by Investment Property$248,051$371,111▲ $123,060
Deferred Revenue$203,482$86,076▼ $117,406
Other Liabilities$4,172$23,864▲ $19,692
Accounts Payable and Accrued Expenses$1,605$14,774▲ $13,169
Total Liabilities$457,310$495,825▲ $38,515
Net Assets / Fund Balance
Unrestricted Net Assets$277,552$129,947▼ $147,605
Total Net Assets Fund Balance$277,552$129,947▼ $147,605
Total Liabilities and Net Assets / Fund Balance$734,862$625,772▼ $109,090

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$377,253$347,718$724,971
Equipment$110,293$90,038$200,331
Land$95,805-$95,805
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jaqueline BeebePresident
Karen HaffmansTrustee
Steve SwainTrustee
Mary DuffyClerk
Jay GoodwinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,180
Program Service Revenue
$688,696
Investment Income
$7
Other Revenue
$25,151
All Other Contributions
$46,180
Change in Net Assets
$-147,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$760,034
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$760,034
Total Revenue per Form 990
$760,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$679,004
Other Expenses$228,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,353$178,333-$568,686
Other Employee Benefits$50,327$8,000-$58,327
Payroll Taxes$35,687$16,304-$51,991
Occupancy$35,837$1,886-$37,723
Depreciation Depletion$32,993$2,065-$35,058
Insurance$18,614$1,380-$19,994
All Other Expenses$11,224$6,971-$18,195
Interest$11,253$3,535-$14,788
Information Technology$12,589$1,872-$14,461
Advertising$13,569--$13,569
Office Expenses$2,166$5,053-$7,219
Other Expenses$5,377$13,489-$5,377
Fees for Services Accounting-$4,500-$4,500
Travel$3,691--$3,691
Fees for Services Legal-$86-$86
Total Functional Expenses$664,165$243,474$0$907,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$907,639
Total Expenses per Audited Statements$907,639
Total Expenses per Form 990$907,639
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,925
Fundraising Direct Expenses$8,774
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Harvest Night Auction & Dinner$33,925$33,925$467$33,458
Total Events$33,925$33,925$8,774$25,151
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$23,864
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Part VI, Section B, Line 11

Form 990 is provided to the organization for the board to review

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

Annual review and as needed

Form 990, Part VI, Section B, Line 15

The board of directors negotiates and votes on the head of schools compensation. Officers of the organization do not receive compensation.

Form 990, Part VI, Section C, Line 18

IRS WEBSITE

Form 990, Part VI, Section C, Line 19

Documents are available in the organizations office upon request

Filing and Contact Details

Filer

Filer Name
Laurel Education Center Inc
EIN
04-3206542
Phone
5088964934
Address
1436 LONG POND RD, BREWSTER, MA 02631

Signing Officer

Name
Jay Goodwin
Title
Treasurer
Phone
5088964934
Signed
2016-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Goodwin
Formed
1993
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
20

Preparer

Firm
Lamb Mason Bulger & Co Pc
Address
PO BOX 1233, WEST CHATHAM, MA 02669-1233
Preparer
Walter D Mason
Phone
5089453575
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0347718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0724971
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110293
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090038
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0200331
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0907639
IRS990ScheduleD/LandGrp/BookValueAmt095805
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0760034
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0583351
IRS990ScheduleD/TotalExpensesPerForm990Amt0907639
IRS990ScheduleD/TotalLiabilityAmt023864
IRS990ScheduleD/TotalRevenuePerForm990Amt0760034
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0760034
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0907639
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0STATEMENT THAT WE DO NOT DISCRIMINATE ON BASIS OF RACE, CULTURAL HERITAGE, POLITICAL BELIEFS, NATIONAL ORIGIN, DISABILITY OR MARITAL STATUS IN ANY AREA OF THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08774
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02925
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02925
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HARVEST NIGHT AUCTION & DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05382
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt05382
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033925
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025151
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0467
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0467
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE ORGANIZATION FOR THE BOARD TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL REVIEW AND AS NEEDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS NEGOTIATES AND VOTES ON THE HEAD OF SCHOOLS COMPENSATION. OFFICERS OF THE ORGANIZATION DO NOT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IRS WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE IN THE ORGANIZATIONS OFFICE UPON 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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0734862
IRS990/TotalAssetsEOYAmt0625772
IRS990/TotalAssetsGrp/BOYAmt0734862
IRS990/TotalAssetsGrp/EOYAmt0625772
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt046180
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0243474
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0664165
IRS990/TotalFunctionalExpensesGrp/TotalAmt0907639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0457310
IRS990/TotalLiabilitiesEOYAmt0495825
IRS990/TotalLiabilitiesGrp/BOYAmt0457310
IRS990/TotalLiabilitiesGrp/EOYAmt0495825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0277552
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0129947
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0664165
IRS990/TotalProgramServiceRevenueAmt0688696
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025158
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0688696
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0760034
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0734862
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0625772
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03691
IRS990/TravelGrp/TotalAmt03691
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0277552
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0129947
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01436 LONG POND RD
IRS990/USAddress/CityNm0BREWSTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002631
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LAUREL-SCHOOL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAY GOODWIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05088964934
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUREL EDUCATION CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUR
ReturnHeader/Filer/EIN0043206542
ReturnHeader/Filer/PhoneNum05088964934
ReturnHeader/Filer/USAddress/AddressLine1Txt01436 LONG POND RD
ReturnHeader/Filer/USAddress/CityNm0BREWSTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002631

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.56$0.74$1.96$1.83$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.58$0.61$1.56$1.40$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.49$0.46$1.37$1.33$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.52$0.42$1.14$0.96$0.18
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.57$0.09$0.77$0.87$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.52$0.20$0.94$0.92$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.53$0.17$0.84$0.84$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.45$0.17$0.63$0.66$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.64$0.44$0.20$0.69$0.62$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.50$0.13$0.76$0.91$0.15
2014Summary only. Only limited summary data is available for this year.$0.73$0.46$0.28$1.02$1.01$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.48$0.27$0.94$0.96$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.44$0.29$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.42$0.36$0.86
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.41$0.36$0.78