Civic Intelligence

Creative Education Inc DBA Odyssey Day School

990 • Fiscal year 2015 • EIN 04-3270782

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 26, 2015

Organization ProfileWWW.ODYSSEYDAYSCHOOL.ORG

Refreshing map…

2 Audubon RoadWakefield, MA 01880

(781) 245-6050

Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.22x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

27th percentile

-5.1%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

52nd percentile

$66,652

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

43rd percentile

-0.7%

Faster asset growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$305,166

Down $2,209 (-0.7%) from 2014

Net Assets

Down

$50,107

Down $58,274 (-54%) from 2014

Liabilities

Up

$255,059

Up $56,065 (+28%) from 2014

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin27th percentile

Revenue

Down

$1,153,266

Down $378,064 (-25%) from 2014

Expenses

Down

$1,211,540

Down $293,822 (-20%) from 2014

Net Income

Down

-$58,274

Down $84,242 (-324%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $282,262Liabilities 2011: $219,768Net Assets 2011: $62,4942011Assets 2012: $319,391Liabilities 2012: $235,901Net Assets 2012: $83,4902012Assets 2013: $307,985Liabilities 2013: $225,572Net Assets 2013: $82,4132013Assets 2014: $307,375Liabilities 2014: $198,994Net Assets 2014: $108,3812014Assets 2015: $305,166Liabilities 2015: $255,059Net Assets 2015: $50,1072015Assets 2016: $377,423Liabilities 2016: $280,259Net Assets 2016: $97,1642016Assets 2017: $361,412Liabilities 2017: $204,991Net Assets 2017: $156,4212017Assets 2018: $350,429Liabilities 2018: $178,294Net Assets 2018: $172,1352018Assets 2019: $394,324Liabilities 2019: $183,839Net Assets 2019: $210,4852019Assets 2020: $540,105Liabilities 2020: $342,924Net Assets 2020: $197,1812020Assets 2021: $1,149,663Liabilities 2021: $559,018Net Assets 2021: $590,6452021Assets 2022: $1,479,517Liabilities 2022: $244,840Net Assets 2022: $1,234,6772022Assets 2023: $2,015,246Liabilities 2023: $543,465Net Assets 2023: $1,471,7812023Assets 2024: $2,412,801Liabilities 2024: $748,906Net Assets 2024: $1,663,8952024Assets 2025: $2,402,490Liabilities 2025: $646,348Net Assets 2025: $1,756,1422025

Highlighted filing

2015

Assets$305,166
Liabilities$255,059
Net Assets$50,107
Open 2015 Filing

Operations Trend

Revenue Growth12th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,203,111Expenses 2011: $1,118,145Net Income 2011: $84,9662011Expenses 2012: $1,140,4542012Revenue 2013: $1,378,021Expenses 2013: $1,379,098Net Income 2013: -$1,0772013Revenue 2014: $1,531,330Expenses 2014: $1,505,362Net Income 2014: $25,9682014Revenue 2015: $1,153,266Expenses 2015: $1,211,540Net Income 2015: -$58,2742015Revenue 2016: $1,254,370Expenses 2016: $1,207,313Net Income 2016: $47,0572016Revenue 2017: $1,354,926Expenses 2017: $1,295,669Net Income 2017: $59,2572017Revenue 2018: $1,523,989Expenses 2018: $1,508,275Net Income 2018: $15,7142018Revenue 2019: $1,687,386Expenses 2019: $1,649,036Net Income 2019: $38,3502019Revenue 2020: $1,641,495Expenses 2020: $1,654,799Net Income 2020: -$13,3042020Revenue 2021: $2,144,723Expenses 2021: $1,751,259Net Income 2021: $393,4642021Revenue 2022: $2,660,278Expenses 2022: $2,016,246Net Income 2022: $644,0322022Revenue 2023: $2,231,967Expenses 2023: $1,994,863Net Income 2023: $237,1042023Revenue 2024: $2,120,090Expenses 2024: $1,927,976Net Income 2024: $192,1142024Revenue 2025: $2,284,704Expenses 2025: $2,192,457Net Income 2025: $92,2472025

Highlighted filing

2015

Revenue$1,153,266
Expenses$1,211,540
Net Income-$58,274
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 26, 2015
Return Version
2014v5.0
Gross Receipts
$1,158,062
Mission and Program Overview

Mission

At Odyssey Day School, we nurture our students' natural curiosity and enthusiasm and help develop critical thinking skills that serve them for the rest of their lives. Our vibrant community engages the whole child and fosters social, emotional, academic, and physical development. We know that when children feel accepted, connected, and loved, they gain the confidence to take intellectual risks and become empathetic and imaginative thinkers. Odyssey Day School is a safe and nurturing community which is responsive to the needs of families and promotes accessibility to families at all income levels. Students, teachers, and parents work together to support an inclusive and multitalented population of individual learners who are celebrated for who they are.

To provide student-centered, developmentally-appropriate programs and activities to support the intellectual, creative, social/emotional and physical development of a diverse population of learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$127,242$141,568▲ $14,326
Cash and Non-Interest-Bearing Accounts$78,131$69,290▼ $8,841
Accounts Receivable$47,058$40,450▼ $6,608
Prepaid Expenses and Deferred Charges$23,676$22,588▼ $1,088
Savings and Temporary Cash Investments$16,268$16,270▲ $2
Total Assets$307,375$305,166▼ $2,209
Other Assets Total$15,000$15,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$104,458-
Deferred Revenue$89,160$78,507▼ $10,653
Accounts Payable and Accrued Expenses$96,165$63,149▼ $33,016
Other Liabilities$13,669$8,945▼ $4,724
Total Liabilities$198,994$255,059▲ $56,065
Net Assets / Fund Balance
Unrestricted Net Assets$108,381$43,715▼ $64,666
Temporarily Rstr Net Assets-$6,392-
Total Net Assets Fund Balance$108,381$50,107▼ $58,274
Total Liabilities and Net Assets / Fund Balance$307,375$305,166▼ $2,209

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$125,153$11,852$137,005
Other Land Buildings$14,855$25,778$40,633
Equipment$1,560$15,366$16,926
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Margaret DouglasEx-officioFT$66,652$66,652
Kimberly SovieEx-officioFT$66,238$66,238

Board Members and Trustees

NameTitle
Mary Beth CunnanePresident
Helen WebbDirector
Joseph JutrasDirector
Lisa PollerDirector
Oliver GottfriedDirector
Dawn SwainSecretary
Beth WhiteTreasurer
Andy OlechVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$34,040
Program Service Revenue
$1,106,951
Investment Income
$-4,794
Other Revenue
$17,069
All Other Contributions
$19,176
Change in Net Assets
$-58,274

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,153,266
Total Revenue per Audited Statements
$1,153,266
Total Revenue per Form 990
$1,153,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$771,824
Other Expenses$293,881
Grants and Similar Amounts Paid$145,835
Total Fundraising Expense$1,152
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$532,629$177,196$476$710,301
Grants to Domestic Individuals$145,835--$145,835
Occupancy$97,953$4,994-$102,947
All Other Expenses$28,460$59,353$635$88,448
Payroll Taxes$46,134$15,348$41$61,523
Other Expenses$18,872--$18,872
Depreciation Depletion$15,737--$15,737
Total Functional Expenses$953,497$256,891$1,152$1,211,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,212,540
Expenses per Audited Statements$1,211,540
Total Expenses per Form 990$1,211,540
Expenses Not Reported on Form 990$1,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kenneth Sovie-CompensationNo$8,662
Madeline Sovie-CompensationNo$454
Jennifer Sovie-CompensationNo$86
Nicholas Sovie-CompensationNo$56
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits$8,945
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
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

“The school's form 990 is prepared and reviewed by an independent accounting firm. The form is then presented to the management for review. The final draft of the form 990 is then presented to the audit committee. The board of directors assigned the responsibility to the audit committee to review and recommend action to the board regarding the filing of the form 990. Once the audit committee approves the form 990, it then goes to the board of directors for final review.”

Form 990, Page 6, Part VI, Line 12C

“All directors, officers and managment are covered under the school's conflict of interest policy. Conflicts are required to be disclosed to the board of directors or committee authorized by the board to review and approve the contract or transaction. On or before the first meeting of the board of directors each calendar year, each director and officer shall provide to the board of directors a disclosure statement of all interested transactions with the school involving the director or officer, in such form as the board of directors may from time to time specify.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the school's head of school is reviewed annually by the board of directors. In determinining the head of school's compensation, consideration is given to compensation paid to similar positions in schools of comparable size and demographics, along with the financial health of odyssey day school.”

Form 990, Page 6, Part VI, Line 19

“The school will consider furnishing financial statements, policy and governing documents to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Creative Education Inc
EIN
04-3270782
Phone
7812456050
Address
2 AUDUBON ROAD, WAKEFIELD, MA 01880

Signing Officer

Name
Mary Beth Cunnane
Title
President
Phone
7812456050
Signed
2015-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Beth Cunnane
Formed
1995
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
47
Volunteers
15

Preparer

Firm
Gj Burns CPA LLC
Address
10 ELM ST, DANVERS, MA 01923-2811
Preparer
Gregg J Burns CPA
Phone
9787771181
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book/tax depreciation difference 1,000”

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IRS990/OtherExpensesGrp/TotalAmt122469
IRS990/OtherExpensesGrp/TotalAmt221903
IRS990/OtherExpensesGrp/TotalAmt318872
IRS990/OtherLiabilitiesGrp/BOYAmt013669
IRS990/OtherLiabilitiesGrp/EOYAmt08945
IRS990/OtherRevenueMiscGrp/Desc0LUNCH PROGRAM
IRS990/OtherRevenueMiscGrp/Desc1FIELD TRIP PAYMENTS
IRS990/OtherRevenueMiscGrp/Desc2OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07852
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15684
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt23533
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07852
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15684
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23533
IRS990/OtherRevenueTotalAmt017069
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0476
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0177196
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0532629
IRS990/OtherSalariesAndWagesGrp/TotalAmt0710301
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt041
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015348
IRS990/PayrollTaxesGrp/ProgramServicesAmt046134
IRS990/PayrollTaxesGrp/TotalAmt061523
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023676
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022588
IRS990/PrincipalOfficerNm0MARY BETH CUNNANE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01106951
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01106951
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt027351
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0303632
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt0370371
IRS990/PYOtherRevenueAmt022682
IRS990/PYProgramServiceRevenueAmt01481290
IRS990/PYRevenuesLessExpensesAmt025968
IRS990/PYSalariesCompEmpBnftPaidAmt0831359
IRS990/PYTotalExpensesAmt01505362
IRS990/PYTotalRevenueAmt01531330
IRS990/ReconcilationRevenueExpnssAmt0-58274
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016268
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016270
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01560
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015366
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016926
IRS990ScheduleD/ExpensesNotReportedAmt01000
IRS990ScheduleD/ExpensesSubtotalAmt01211540
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0125153
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt011852
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0137005
IRS990ScheduleD/OtherExpensesIncludedAmt01000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014855
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025778
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040633
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08945
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01153266
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DEPRECIATION DIFFERENCE 1,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0141568
IRS990ScheduleD/TotalExpensesPerForm990Amt01211540
IRS990ScheduleD/TotalLiabilityAmt08945
IRS990ScheduleD/TotalRevenuePerForm990Amt01153266
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01153266
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01212540
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/ExplanationTxt0RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED THROUGH NEWSPAPER ADVERTISEMENTS AS APPROPRIATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0145835
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt020
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENNIFER SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KENNETH SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2MADELINE SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3NICHOLAS SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt086
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt18662
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2454
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt356
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2COMPENSATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3COMPENSATION
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S FORM 990 IS PREPARED AND REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. THE FORM IS THEN PRESENTED TO THE MANAGEMENT FOR REVIEW. THE FINAL DRAFT OF THE FORM 990 IS THEN PRESENTED TO THE AUDIT COMMITTEE. THE BOARD OF DIRECTORS ASSIGNED THE RESPONSIBILITY TO THE AUDIT COMMITTEE TO REVIEW AND RECOMMEND ACTION TO THE BOARD REGARDING THE FILING OF THE FORM 990. ONCE THE AUDIT COMMITTEE APPROVES THE FORM 990, IT THEN GOES TO THE BOARD OF DIRECTORS FOR FINAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS, OFFICERS AND MANAGMENT ARE COVERED UNDER THE SCHOOL'S CONFLICT OF INTEREST POLICY. CONFLICTS ARE REQUIRED TO BE DISCLOSED TO THE BOARD OF DIRECTORS OR COMMITTEE AUTHORIZED BY THE BOARD TO REVIEW AND APPROVE THE CONTRACT OR TRANSACTION. ON OR BEFORE THE FIRST MEETING OF THE BOARD OF DIRECTORS EACH CALENDAR YEAR, EACH DIRECTOR AND OFFICER SHALL PROVIDE TO THE BOARD OF DIRECTORS A DISCLOSURE STATEMENT OF ALL INTERESTED TRANSACTIONS WITH THE SCHOOL INVOLVING THE DIRECTOR OR OFFICER, IN SUCH FORM AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME SPECIFY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE SCHOOL'S HEAD OF SCHOOL IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. IN DETERMININING THE HEAD OF SCHOOL'S COMPENSATION, CONSIDERATION IS GIVEN TO COMPENSATION PAID TO SIMILAR POSITIONS IN SCHOOLS OF COMPARABLE SIZE AND DEMOGRAPHICS, ALONG WITH THE FINANCIAL HEALTH OF ODYSSEY DAY SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL WILL CONSIDER FURNISHING FINANCIAL STATEMENTS, POLICY AND GOVERNING DOCUMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt06392
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0307375
IRS990/TotalAssetsEOYAmt0305166
IRS990/TotalAssetsGrp/BOYAmt0307375
IRS990/TotalAssetsGrp/EOYAmt0305166
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt034040
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01152
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0256891
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0953497
IRS990/TotalFunctionalExpensesGrp/TotalAmt01211540
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198994
IRS990/TotalLiabilitiesEOYAmt0255059
IRS990/TotalLiabilitiesGrp/BOYAmt0198994
IRS990/TotalLiabilitiesGrp/EOYAmt0255059
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0108381
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt050107
IRS990/TotalProgramServiceExpensesAmt0953497
IRS990/TotalProgramServiceRevenueAmt01106951
IRS990/TotalReportableCompFromOrgAmt0132890
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01119226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01153266
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0307375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0305166
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0108381
IRS990/UnrestrictedNetAssetsGrp/EOYAmt043715
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 AUDUBON ROAD
IRS990/USAddress/CityNm0WAKEFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001880
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0HTTP://WWW.ODYSSEYDAYSCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY BETH CUNNANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07812456050
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREATIVE EDUCATION INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA ODYSSEY DAY SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0CREA

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$305,166
Liabilities
$255,059
Net assets
$50,107
Revenue
$1,153,266
Expenses
$1,211,540
Net income
-$58,274
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.40$0.65$1.76$2.28$2.19$0.09
2024Detailed filing. Detailed filing data is available for this year.$2.41$0.75$1.66$2.12$1.93$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.54$1.47$2.23$1.99$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.24$1.23$2.66$2.02$0.64
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.56$0.59$2.14$1.75$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.34$0.20$1.64$1.65$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.18$0.21$1.69$1.65$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.18$0.17$1.52$1.51$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.36$0.20$0.16$1.35$1.30$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.28$0.10$1.25$1.21$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.26$0.05$1.15$1.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.20$0.11$1.53$1.51$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.23$0.08$1.38$1.38$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.24$0.08$1.14
2011Summary only. Only limited summary data is available for this year.$0.28$0.22$0.06$1.20$1.12$0.08