Civic Intelligence

Plumfield Academy Inc.

990 • Fiscal year 2021 • EIN 04-3329140

Jul 01, 2020 to Jun 30, 2021 • Filed on May 11, 2022

123 Dayton StreetDanvers, MA 01923

(978) 304-0273

Siviq Scores

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

Liabilities / Assets

77th percentile

0.09x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

47th percentile

6.5%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$69,729

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

32nd percentile

-4.8%

Faster asset growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

58%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$104,890

Down $5,291 (-4.8%) from 2020

Net Assets

Up

$95,605

Up $28,169 (+42%) from 2020

Liabilities

Down

$9,285

Down $33,460 (-78%) from 2020

Revenue

Up

$431,449

Up $159,049 (+58%) from 2020

Expenses

Up

$403,280

Up $150,939 (+60%) from 2020

Net Income

Up

$28,169

Up $8,110 (+40%) from 2020

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $903Liabilities 2011: $0Net Assets 2011: $9032011Assets 2012: $12,714Liabilities 2012: $0Net Assets 2012: $12,7142012Assets 2013: $6,308Liabilities 2013: $0Net Assets 2013: $6,3082013Assets 2014: $4,538Liabilities 2014: $0Net Assets 2014: $4,5382014Assets 2015: $14,249Liabilities 2015: $0Net Assets 2015: $14,2492015Assets 2016: $15,334Liabilities 2016: $0Net Assets 2016: $15,3342016Assets 2017: $30,844Liabilities 2017: $0Net Assets 2017: $30,8442017Assets 2018: $52,329Liabilities 2018: $4,488Net Assets 2018: $47,8412018Assets 2019: $54,570Liabilities 2019: $7,193Net Assets 2019: $47,3772019Assets 2020: $110,181Liabilities 2020: $42,745Net Assets 2020: $67,4362020Assets 2021: $104,890Liabilities 2021: $9,285Net Assets 2021: $95,6052021Assets 2022: $31,757Liabilities 2022: $3,477Net Assets 2022: $28,2802022Assets 2023: $174,889Liabilities 2023: $7,204Net Assets 2023: $167,6852023Assets 2024: $143,897Liabilities 2024: $6,863Net Assets 2024: $137,0342024

Highlighted filing

2021

Assets$104,890
Liabilities$9,285
Net Assets$95,605

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $163,3412011Expenses 2012: $139,1502012Revenue 2013: $162,535Expenses 2013: $168,968Net Income 2013: -$6,4332013Revenue 2014: $207,089Expenses 2014: $208,859Net Income 2014: -$1,7702014Revenue 2015: $227,540Expenses 2015: $217,829Net Income 2015: $9,7112015Revenue 2016: $207,617Expenses 2016: $206,532Net Income 2016: $1,0852016Revenue 2017: $230,512Expenses 2017: $215,003Net Income 2017: $15,5092017Revenue 2018: $239,748Expenses 2018: $222,751Net Income 2018: $16,9972018Revenue 2019: $268,907Expenses 2019: $269,371Net Income 2019: -$4642019Revenue 2020: $272,400Expenses 2020: $252,341Net Income 2020: $20,0592020Revenue 2021: $431,449Expenses 2021: $403,280Net Income 2021: $28,1692021Revenue 2022: $263,979Expenses 2022: $331,304Net Income 2022: -$67,3252022Revenue 2023: $374,824Expenses 2023: $358,051Net Income 2023: $16,7732023Revenue 2024: $312,414Expenses 2024: $343,065Net Income 2024: -$30,6512024

Highlighted filing

2021

Revenue$431,449
Expenses$403,280
Net Income$28,169
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.2
Gross Receipts
$431,449
Mission and Program Overview

Mission

Our mission is to serve families who desire to give their children (1st to 8th grade) an inspiring and confidence building educational experience based on the principles of the english educator charlotte mason and rooted in the judeo-christian world view.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$109,185$53,882▼ $55,303
Savings and Temporary Cash Investments$996$51,008▲ $50,012
Total Assets$110,181$104,890▼ $5,291
Liabilities
Unsecured Notes Loans Payable$36,100--
Other Liabilities$4,145$6,785▲ $2,640
Accounts Payable and Accrued Expenses$2,500$2,500→ $0
Total Liabilities$42,745$9,285▼ $33,460
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$67,436$95,605▲ $28,169
Total Net Assets Fund Balance$67,436$95,605▲ $28,169
Total Liabilities and Net Assets / Fund Balance$110,181$104,890▼ $5,291
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John PensionPresidentFT$69,729$69,729
Nina PensionClerkFT$66,400$66,400

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$99,689
Program Service Revenue
$331,474
Investment Income
$286
Other Revenue
$0
All Other Contributions
$61,784
Change in Net Assets
$28,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,649
Other Expenses$69,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,635--$173,635
Current Officers, Directors, Trustees, and Key Employees$136,129--$136,129
Occupancy$36,000--$36,000
Payroll Taxes$23,885--$23,885
Office Expenses$11,361--$11,361
Insurance$5,248--$5,248
Advertising$3,542--$3,542
Fees for Services Accounting$3,291--$3,291
Other Expenses$15--$15
Total Functional Expenses$403,280$0$0$403,280
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
John PensionPresidentRent of FacilityNo$36,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$6,785
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

John pension, president is married to instructor nina pension

Form 990, Part VI, Section B, Line 11B

Board of trustees meet and review.

Form 990, Part VI, Section B, Line 15

Meeting of the board of trustees.

Form 990, Part VI, Section C, Line 18

990 is available at organization's location and at donor request.

Form 990, Part VI, Section C, Line 19

Financial statements are available at organization's location and at donor request.

Filing and Contact Details

Filer

Filer Name
Plumfield Academy Inc
EIN
04-3329140
Phone
9783040273
Address
123 DAYTON STREET, DANVERS, MA 01923

Signing Officer

Name
John S Pension
Title
President
Phone
9783040273
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John S Pension
Formed
2003
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
11
Volunteers
0

Preparer

Firm
Grandmaison & Tripoli Llp
Address
7 FEDERAL STREET, DANVERS, MA 01923
Preparer
Margaret W Goodwin
Phone
9787776122
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
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IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
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IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt036000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT OF FACILITY
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN PENSION, PRESIDENT IS MARRIED TO INSTRUCTOR NINA PENSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF TRUSTEES MEET AND REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEETING OF THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3990 IS AVAILABLE AT ORGANIZATION'S LOCATION AND AT DONOR REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS ARE AVAILABLE AT ORGANIZATION'S LOCATION AND AT DONOR REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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
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IRS990/SubjectToExcsTaxNetInvstIncInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.07$1.37$3.12$3.43$0.31
2023Detailed filing. Detailed filing data is available for this year.$1.75$0.07$1.68$3.75$3.58$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.28$2.64$3.31$0.67
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.09$0.96$4.31$4.03$0.28
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.43$0.67$2.72$2.52$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.07$0.47$2.69$2.69$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.04$0.48$2.40$2.23$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$2.31$2.15$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$2.08$2.07$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$2.28$2.18$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$2.07$2.09$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$1.63$1.69$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.00$0.13$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$1.63