Civic Intelligence

Laurel Education Center Inc.

990 • Fiscal year 2017 • EIN 04-3206542

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 11, 2018

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

0.73x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

0.71x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

27th percentile

-4.8%

Higher net margin than 27% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

25th percentile

-4.3%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-8.6%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$613,100

Down $27,438 (-4.3%) from 2016

Net Assets

Down

$166,791

Down $37,225 (-18%) from 2016

Liabilities

Up

$446,309

Up $9,787 (+2.2%) from 2016

Revenue

Down

$630,027

Down $59,546 (-8.6%) from 2016

Expenses

Up

$660,502

Up $44,998 (+7.3%) from 2016

Net Income

Down

-$30,475

Down $104,544 (-141%) from 2016

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

2017

Assets$613,100
Liabilities$446,309
Net Assets$166,791

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

2017

Revenue$630,027
Expenses$660,502
Net Income-$30,475
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 11, 2018
Return Version
2016v3.0
Gross Receipts
$635,810
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 sixth grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$549,957$516,852▼ $33,105
Cash and Non-Interest-Bearing Accounts$59,302$46,591▼ $12,711
Prepaid Expenses and Deferred Charges$9,599$31,301▲ $21,702
Accounts Receivable$21,378$18,356▼ $3,022
Savings and Temporary Cash Investments$302--
Total Assets$640,538$613,100▼ $27,438
Liabilities
Mortgage Notes Payable Secured by Investment Property$345,302$318,248▼ $27,054
Deferred Revenue$56,032$99,302▲ $43,270
Other Liabilities$23,080$22,811▼ $269
Accounts Payable and Accrued Expenses$18,858$5,948▼ $12,910
Total Liabilities$443,272$446,309▲ $3,037
Net Assets / Fund Balance
Unrestricted Net Assets$197,266$166,791▼ $30,475
Total Net Assets Fund Balance$197,266$166,791▼ $30,475
Total Liabilities and Net Assets / Fund Balance$640,538$613,100▼ $27,438

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$337,605$387,366$724,971
Equipment$74,136$77,857$151,993
Land$95,805-$95,805
Other Land Buildings$9,306$39,032$48,338
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,228
Program Service Revenue
$609,076
Investment Income
$3
Other Revenue
$19,720
All Other Contributions
$1,228
Change in Net Assets
$-30,475

Audited Revenue Reconciliation

Revenue per Audited Statements
$630,027
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$630,027
Total Revenue per Form 990
$630,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$499,794
Other Expenses$160,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,034$89,800-$431,834
Payroll Taxes$31,111$8,166-$39,277
Depreciation Depletion$31,155$1,950-$33,105
Occupancy$30,227$1,591-$31,818
Other Employee Benefits$21,513$7,170-$28,683
Insurance$18,982$1,014-$19,996
Interest$11,896$5,598-$17,494
All Other Expenses$7,314$5,535-$12,849
Fees for Services Accounting-$4,750-$4,750
Other Expenses$4,656$6,616-$4,656
Office Expenses$1,110$3,300-$4,410
Advertising$3,279--$3,279
Information Technology-$965-$965
Travel$962--$962
Total Functional Expenses$524,047$136,455$0$660,502

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$660,502
Total Expenses per Audited Statements$660,502
Total Expenses per Form 990$660,502
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$25,503
Fundraising Direct Expenses$5,783
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Harvest Night Auction & Dinner$21,132$21,132$163$20,969
Total Events$25,503$25,503$5,783$19,720
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$22,811
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 11B

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

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

ANNUAL REVIEW 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

Mass division of public charities website, guidestar.org

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
2018-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Goodwin
Formed
1993
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
30
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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0609076
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0302
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0337605
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0387366
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0724971
IRS990ScheduleD/EquipmentGrp/BookValueAmt074136
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077857
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0151993
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0660502
IRS990ScheduleD/LandGrp/BookValueAmt095805
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt095805
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09306
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039032
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0630027
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0516852
IRS990ScheduleD/TotalExpensesPerForm990Amt0660502
IRS990ScheduleD/TotalLiabilityAmt022811
IRS990ScheduleD/TotalRevenuePerForm990Amt0630027
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0630027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0660502
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/DirectExpenseSummaryEventsAmt05783
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HARVEST NIGHT AUCTION & DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03989
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03989
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt021132
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt04371
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt025503
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt021132
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04371
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt025503
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019720
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01631
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01794
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0163
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt013
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE ORGANIZATION FOR THE BOARD TO REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL REVIEW 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/ExplanationTxt3MASS DIVISION OF PUBLIC CHARITIES WEBSITE, GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE IN THE ORGANIZATIONS OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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/TotalAssetsBOYAmt0640538
IRS990/TotalAssetsEOYAmt0613100
IRS990/TotalAssetsGrp/BOYAmt0640538
IRS990/TotalAssetsGrp/EOYAmt0613100
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01228
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0136455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0524047
IRS990/TotalFunctionalExpensesGrp/TotalAmt0660502
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0443272
IRS990/TotalLiabilitiesEOYAmt0446309
IRS990/TotalLiabilitiesGrp/BOYAmt0443272
IRS990/TotalLiabilitiesGrp/EOYAmt0446309
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0197266
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166791
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0524047
IRS990/TotalProgramServiceRevenueAmt0609076
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt019723
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0609076
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0630027
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0640538
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0613100
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0962
IRS990/TravelGrp/TotalAmt0962
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0197266
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0166791
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01436 LONG POND RD
IRS990/USAddress/CityNm0BREWSTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002631
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.LAURELSCHOOLCAPECOD.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAY GOODWIN

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
2017Detailed filing. Detailed filing data is available for this year.$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