Civic Intelligence

Creative Education Inc DBA Odyssey Day School

990 • Fiscal year 2020 • EIN 04-3270782

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 02, 2020

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

85th percentile

0.63x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.21x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

35th percentile

-0.8%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

67th percentile

$95,203

Higher top officer pay than 67% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

82nd percentile

37%

Faster asset growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-2.7%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$540,105

Up $145,781 (+37%) from 2019

Net Assets

Down

$197,181

Down $13,304 (-6.3%) from 2019

Liabilities

Up

$342,924

Up $159,085 (+87%) from 2019

Revenue

Down

$1,641,495

Down $45,891 (-2.7%) from 2019

Expenses

Up

$1,654,799

Up $5,763 (+0.3%) from 2019

Net Income

Down

-$13,304

Down $51,654 (-135%) from 2019

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

2020

Assets$540,105
Liabilities$342,924
Net Assets$197,181

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

2020

Revenue$1,641,495
Expenses$1,654,799
Net Income-$13,304
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 2, 2020
Return Version
2019v5.0
Gross Receipts
$1,641,495
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$230,319$372,941▲ $142,622
Land, Buildings, and Equipment, Net$108,897$89,320▼ $19,577
Prepaid Expenses and Deferred Charges$13,757$25,478▲ $11,721
Accounts Receivable$9,406$20,185▲ $10,779
Savings and Temporary Cash Investments$16,945$17,181▲ $236
Total Assets$394,324$540,105▲ $145,781
Other Assets Total$15,000$15,000→ $0
Liabilities
Unsecured Notes Loans Payable-$193,500-
Accounts Payable and Accrued Expenses$72,183$75,445▲ $3,262
Deferred Revenue$97,256$65,179▼ $32,077
Other Liabilities$14,400$8,800▼ $5,600
Total Liabilities$183,839$342,924▲ $159,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$210,485$197,181▼ $13,304
Total Net Assets Fund Balance$210,485$197,181▼ $13,304
Total Liabilities and Net Assets / Fund Balance$394,324$540,105▲ $145,781

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$69,017$146,211$215,228
Leasehold Improvements$20,303$6,240$26,543
Equipment-$3,227$3,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly SovieEx-officioFT$88,677$6,526$95,203
Margaret DouglasEx-officioFT$88,877-$88,877
Colleen SheltonDirectorFT$48,899-$48,899

Board Members and Trustees

NameTitle
Mary Beth CunnanePresident
Amanda TsapatsarisDirector
Amy YorkDirector
Danielle LangDirector
Jonathan BowenDirector
Lisa PollerDirector
Nancy SheehanDirector
Paul DuboisDirector
Emily McnaughtonSecretary
Beth WhiteTreasurer
Andy OlechVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$57,161
Program Service Revenue
$1,567,795
Investment Income
$236
Other Revenue
$16,303
All Other Contributions
$55,110
Change in Net Assets
$-13,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,573,367
Revenue Not Reported on Financial Statements
$68,128
Other Revenue Adjustments
$68,128
Total Revenue per Audited Statements
$1,573,367
Total Revenue per Form 990
$1,641,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,252,196
Other Expenses$334,475
Grants and Similar Amounts Paid$68,128
Total Fundraising Expense$5,243
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$864,446$244,368$3,761$1,112,575
Occupancy$139,036$7,089-$146,125
Payroll Taxes$77,390$22,490$346$100,226
Grants to Domestic Individuals$68,128--$68,128
All Other Expenses$12,940$47,052$1,000$60,992
Other Employee Benefits$30,419$8,840$136$39,395
Depreciation Depletion$19,575--$19,575
Other Expenses$17,891--$17,891
Insurance-$10,566-$10,566
Fees for Services Accounting-$3,750-$3,750
Office Expenses-$1,939-$1,939
Interest-$524-$524
Total Functional Expenses$1,302,938$346,618$5,243$1,654,799

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,654,799
Expenses per Audited Statements$1,586,671
Total Expenses per Audited Statements$1,586,671
Expenses Not Reported on Financial Statements$68,128
Other Expense Adjustments$68,128
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$18,587
Kenneth SovieFamily MemberWages & OtherNo$9,089
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits$8,800
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 35% controlled entity
No
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
2020-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Beth Cunnane
Formed
1995
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
59
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 XI, Line 4B

FINANCIAL AID 68,128

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

FINANCIAL AID 68,128

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/GrantsToOrganizationsInd0false
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IRS990/InsuranceGrp/TotalAmt010566
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IRS990/InterestGrp/TotalAmt0524
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IRS990/LandBldgEquipCostOrOtherBssAmt0244998
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IRS990/LobbyingActivitiesInd0false
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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.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0197181
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt07089
IRS990/OccupancyGrp/ProgramServicesAmt0139036
IRS990/OccupancyGrp/TotalAmt0146125
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01939
IRS990/OfficeExpensesGrp/TotalAmt01939
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt015000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0136
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08840
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030419
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039395
IRS990/OtherExpensesGrp/Desc0P/G - SUPPLIES
IRS990/OtherExpensesGrp/Desc1P/G - MAINTENANCE, PLAYGR
IRS990/OtherExpensesGrp/Desc2FIELD TRIPS & SPECIAL EVE
IRS990/OtherExpensesGrp/Desc3UTILITIES, PROG SERVICES
IRS990/OtherExpensesGrp/ProgramServicesAmt030160
IRS990/OtherExpensesGrp/ProgramServicesAmt124684
IRS990/OtherExpensesGrp/ProgramServicesAmt218269
IRS990/OtherExpensesGrp/ProgramServicesAmt317891
IRS990/OtherExpensesGrp/TotalAmt030160
IRS990/OtherExpensesGrp/TotalAmt124684
IRS990/OtherExpensesGrp/TotalAmt218269
IRS990/OtherExpensesGrp/TotalAmt317891
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012444
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13859
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012444
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13859
IRS990/OtherRevenueTotalAmt016303
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03761
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0244368
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0864446
IRS990/OtherSalariesAndWagesGrp/TotalAmt01112575
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0346
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022490
IRS990/PayrollTaxesGrp/ProgramServicesAmt077390
IRS990/PayrollTaxesGrp/TotalAmt0100226
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013757
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025478
IRS990/PrincipalOfficerNm0MARY BETH CUNNANE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01567795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01567795
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt025919
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt095088
IRS990/PYInvestmentIncomeAmt0365
IRS990/PYOtherExpensesAmt0307659
IRS990/PYOtherRevenueAmt021917
IRS990/PYProgramServiceRevenueAmt01639185
IRS990/PYRevenuesLessExpensesAmt038350
IRS990/PYSalariesCompEmpBnftPaidAmt01246289
IRS990/PYTotalExpensesAmt01649036
IRS990/PYTotalRevenueAmt01687386
IRS990/ReconcilationRevenueExpnssAmt0-13304
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01567795
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016945
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017181
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03227
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03227
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt068128
IRS990ScheduleD/ExpensesSubtotalAmt01586671
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020303
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06240
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt026543
IRS990ScheduleD/OtherExpensesNotIncludedAmt068128
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069017
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0146211
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0215228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STUDENT DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt068128
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt068128
IRS990ScheduleD/RevenueSubtotalAmt01573367
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL AID 68,128
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 68,128
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089320
IRS990ScheduleD/TotalExpensesPerForm990Amt01654799
IRS990ScheduleD/TotalLiabilityAmt08800
IRS990ScheduleD/TotalRevenuePerForm990Amt01641495
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01573367
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01586671
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/CashGrantAmt068128
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUTION ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KENNETH SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1KENNETH J SOVIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FAMILY MEMBER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09089
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt118587
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0WAGES & OTHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1WAGES & OTHER
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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0394324

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

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits