Civic Intelligence

Creative Education Inc DBA Odyssey Day School

990 • Fiscal year 2019 • EIN 04-3270782

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 30, 2019

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

80th percentile

0.47x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

47th percentile

2.3%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$93,951

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$394,324

Up $43,895 (+13%) from 2018

Net Assets

Up

$210,485

Up $38,350 (+22%) from 2018

Liabilities

Up

$183,839

Up $5,545 (+3.1%) from 2018

Revenue

Up

$1,687,386

Up $163,397 (+11%) from 2018

Expenses

Up

$1,649,036

Up $140,761 (+9.3%) from 2018

Net Income

Up

$38,350

Up $22,636 (+144%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$394,324
Liabilities$183,839
Net Assets$210,485

Operations Trend

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

2019

Revenue$1,687,386
Expenses$1,649,036
Net Income$38,350
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 30, 2019
Return Version
2018v3.1
Gross Receipts
$1,687,386
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.

At odyssey day school, we nuture 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 developmnent. 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$181,084$230,319▲ $49,235
Land, Buildings, and Equipment, Net$127,946$108,897▼ $19,049
Savings and Temporary Cash Investments$16,580$16,945▲ $365
Prepaid Expenses and Deferred Charges$2,876$13,757▲ $10,881
Accounts Receivable$6,943$9,406▲ $2,463
Total Assets$350,429$394,324▲ $43,895
Other Assets Total$15,000$15,000→ $0
Liabilities
Deferred Revenue$92,370$97,256▲ $4,886
Accounts Payable and Accrued Expenses$72,624$72,183▼ $441
Other Liabilities$13,300$14,400▲ $1,100
Total Liabilities$178,294$183,839▲ $5,545
Net Assets / Fund Balance
Unrestricted Net Assets$172,135$210,485▲ $38,350
Total Net Assets Fund Balance$172,135$210,485▲ $38,350
Total Liabilities and Net Assets / Fund Balance$350,429$394,324▲ $43,895

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$87,372$127,856$215,228
Leasehold Improvements$21,437$5,106$26,543
Equipment$88$3,139$3,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly SovieEx-officioFT$86,798$7,153$93,951
Margaret DouglasEx-officioFT$87,043-$87,043

Board Members and Trustees

NameTitle
Mary Beth CunnanePresident
Keith LewandowskiDirector
Lisa PollerDirector
Nancy SheehanDirector
Paul DuboisDirector
Emily McnaughtonSecretary
Beth WhiteTreasurer
Andy OlechVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Audubon RealtyRent-$135,708
Revenue and Support

Revenue Composition

Contributions and Grants
$25,919
Program Service Revenue
$1,639,185
Investment Income
$365
Other Revenue
$21,917
All Other Contributions
$24,116
Change in Net Assets
$38,350

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,687,386
Total Revenue per Audited Statements
$1,687,386
Total Revenue per Form 990
$1,687,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,246,289
Other Expenses$307,659
Grants and Similar Amounts Paid$95,088
Total Fundraising Expense$5,052
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$835,910$248,993$3,703$1,088,606
Occupancy$106,719$5,441-$112,160
Payroll Taxes$77,222$23,152$344$100,718
Grants to Domestic Individuals$95,088--$95,088
Other Employee Benefits$43,675$13,095$195$56,965
All Other Expenses$18,551$27,822$810$47,183
Other Expenses$23,926--$23,926
Depreciation Depletion$21,229--$21,229
Insurance-$10,014-$10,014
Fees for Services Accounting-$7,500-$7,500
Office Expenses-$448-$448
Interest-$60-$60
Total Functional Expenses$1,307,459$336,525$5,052$1,649,036

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,650,036
Expenses per Audited Statements$1,649,036
Total Expenses per Form 990$1,649,036
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 J SovieFamily MemberWages & OtherNo$23,911
Kenneth SovieFamily MemberWages & OtherNo$9,703
Emily DouglasFamily MemberWagesNo$1,596
Fixit IncNephewIt SupportNo$765
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits$14,400
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
2019-10-30
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
55
Volunteers
25

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

At odyssey day school, we nuture 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 developmnent. 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.

Financial Statement Notes

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

Book/tax depreciation difference 1,000

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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AT ODYSSEY DAY SCHOOL, WE NUTURE 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 DEVELOPMNENT. 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0172135
IRS990/NetAssetsOrFundBalancesEOYAmt0210485
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05441
IRS990/OccupancyGrp/ProgramServicesAmt0106719
IRS990/OccupancyGrp/TotalAmt0112160
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0448
IRS990/OfficeExpensesGrp/TotalAmt0448
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015000
IRS990/OtherAssetsTotalGrp/EOYAmt015000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0195
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013095
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043675
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056965
IRS990/OtherExpensesGrp/Desc0UTILITIES, PROG SERVICES
IRS990/OtherExpensesGrp/Desc1P/G - SUPPLIES
IRS990/OtherExpensesGrp/Desc2FIELD TRIPS & SPECIAL EVE
IRS990/OtherExpensesGrp/Desc3P/G - MAINTENANCE, PLAYGR
IRS990/OtherExpensesGrp/ProgramServicesAmt029818
IRS990/OtherExpensesGrp/ProgramServicesAmt128378
IRS990/OtherExpensesGrp/ProgramServicesAmt226943
IRS990/OtherExpensesGrp/ProgramServicesAmt323926
IRS990/OtherExpensesGrp/TotalAmt029818
IRS990/OtherExpensesGrp/TotalAmt128378
IRS990/OtherExpensesGrp/TotalAmt226943
IRS990/OtherExpensesGrp/TotalAmt323926
IRS990/OtherLiabilitiesGrp/BOYAmt013300
IRS990/OtherLiabilitiesGrp/EOYAmt014400
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021917
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021917
IRS990/OtherRevenueTotalAmt021917
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03703
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0248993
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0835910
IRS990/OtherSalariesAndWagesGrp/TotalAmt01088606
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0344
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023152
IRS990/PayrollTaxesGrp/ProgramServicesAmt077222
IRS990/PayrollTaxesGrp/TotalAmt0100718
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02876
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013757
IRS990/PrincipalOfficerNm0MARY BETH CUNNANE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01639185
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01639185
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt037924
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt086789
IRS990/PYInvestmentIncomeAmt0206
IRS990/PYOtherExpensesAmt0311471
IRS990/PYOtherRevenueAmt019023
IRS990/PYProgramServiceRevenueAmt01466836
IRS990/PYRevenuesLessExpensesAmt015714
IRS990/PYSalariesCompEmpBnftPaidAmt01110015
IRS990/PYTotalExpensesAmt01508275
IRS990/PYTotalRevenueAmt01523989
IRS990/ReconcilationRevenueExpnssAmt038350
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01639185
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016580
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016945
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03139
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03227
IRS990ScheduleD/ExpensesNotReportedAmt01000
IRS990ScheduleD/ExpensesSubtotalAmt01649036
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021437
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05106
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026543
IRS990ScheduleD/OtherExpensesIncludedAmt01000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt087372
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0127856
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0215228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01687386
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DEPRECIATION DIFFERENCE 1,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0108897
IRS990ScheduleD/TotalExpensesPerForm990Amt01649036
IRS990ScheduleD/TotalLiabilityAmt014400
IRS990ScheduleD/TotalRevenuePerForm990Amt01687386
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01687386
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01650036
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/CashGrantAmt095088
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUTION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt017
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KENNETH SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KENNETH J SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2EMILY DOUGLAS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3FIXIT INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3NEPHEW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09703
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt123911
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt21596
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt3765
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0WAGES & OTHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1WAGES & OTHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2WAGES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3IT SUPPORT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT ODYSSEY DAY SCHOOL, WE NUTURE 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 DEVELOPMNENT. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2ALL 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/ExplanationTxt3COMPENSATION 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/ExplanationTxt4THE SCHOOL WILL CONSIDER FURNISHING FINANCIAL STATEMENTS, POLICY AND GOVERNING DOCUMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0350429
IRS990/TotalAssetsEOYAmt0394324
IRS990/TotalAssetsGrp/BOYAmt0350429
IRS990/TotalAssetsGrp/EOYAmt0394324
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025919
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05052
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0336525
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01307459
IRS990/TotalFunctionalExpensesGrp/TotalAmt01649036
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0178294
IRS990/TotalLiabilitiesEOYAmt0183839
IRS990/TotalLiabilitiesGrp/BOYAmt0178294
IRS990/TotalLiabilitiesGrp/EOYAmt0183839
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0172135
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0210485
IRS990/TotalProgramServiceExpensesAmt01307459
IRS990/TotalProgramServiceRevenueAmt01639185
IRS990/TotalReportableCompFromOrgAmt0173841
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01661467
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01687386
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0350429
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0394324
IRS990/TotReportableCompRltdOrgAmt07153
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0172135
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0210485
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0RODGERS ROAD
IRS990/USAddress/CityNm0STONEHAM

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
Peer Organizations

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