Civic Intelligence

Park Street School Inc

EIN 04-3488022 • 501(c)3 • Boston, MA

Profile

To offer a christian-based set of programs and services for preschool and elementary school aged children which includes an educational curriculum and recreational activities to aid in the intellectual, social, physical, emotional and spiritual growth of students.

67 Brimmer StreetBoston, MA 02108

www.parkstreetschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.34x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.95x

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

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

45th percentile

2.8%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.8%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$25,552,404

Up $1,610,874 (+6.7%) from 2023

Liabilities

Up

$8,880,003

Up $801,454 (+9.9%) from 2023

Net Assets

Up

$16,672,401

Up $809,420 (+5.1%) from 2023

Revenue

Up

$9,179,404

Up $717,888 (+8.5%) from 2023

Expenses

Up

$8,476,853

Up $252,704 (+3.1%) from 2023

Net Income

Up

$702,551

Up $465,184 (+196%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2019: $22,330,497Liabilities 2019: $7,999,473Net Assets 2019: $14,331,0242019Assets 2020: $23,424,790Liabilities 2020: $8,375,154Net Assets 2020: $15,049,6362020Assets 2021: $24,533,073Liabilities 2021: $8,817,901Net Assets 2021: $15,715,1722021Assets 2022: $23,904,620Liabilities 2022: $8,361,138Net Assets 2022: $15,543,4822022Assets 2023: $23,941,530Liabilities 2023: $8,078,549Net Assets 2023: $15,862,9812023Assets 2024: $25,552,404Liabilities 2024: $8,880,003Net Assets 2024: $16,672,4012024

Highlighted filing

2024

Assets$25,552,404
Liabilities$8,880,003
Net Assets$16,672,401

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2019: $6,640,672Expenses 2019: $6,123,458Net Income 2019: $517,2142019Revenue 2020: $7,155,951Expenses 2020: $6,445,342Net Income 2020: $710,6092020Revenue 2021: $8,512,210Expenses 2021: $8,080,773Net Income 2021: $431,4372021Revenue 2022: $7,847,918Expenses 2022: $7,884,816Net Income 2022: -$36,8982022Revenue 2023: $8,461,516Expenses 2023: $8,224,149Net Income 2023: $237,3672023Revenue 2024: $9,179,404Expenses 2024: $8,476,853Net Income 2024: $702,5512024

Highlighted filing

2024

Revenue$9,179,404
Expenses$8,476,853
Net Income$702,551

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 25, 2025
Return Version
2023v6.0
Gross Receipts
$9,435,082
Mission and Program Overview

Mission

To offer a christian-based set of programs and services for preschool and elementary school aged children which includes an educational curriculum and recreational activities to aid in the intellectual, social, physical, emotional and spiritual growth of students.

To provide christian-based education for preschool and elementary school aged children

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,166,888$14,708,178▲ $541,290
Savings and Temporary Cash Investments$7,567,002$7,636,677▲ $69,675
Investments in Publicly Traded Securities$902,537$2,412,295▲ $1,509,758
Cash and Non-Interest-Bearing Accounts$1,144,555$457,169▼ $687,386
Prepaid Expenses and Deferred Charges$29,827$116,173▲ $86,346
Pledges and Grants Receivable$54,846$57,120▲ $2,274
Accounts Receivable$19,770$16,955▼ $2,815
Total Assets$23,941,530$25,552,404▲ $1,610,874
Other Assets Total$56,105$147,837▲ $91,732
Liabilities
Tax Exempt Bond Liabilities$3,884,712$3,699,823▼ $184,889
Deferred Revenue$2,060,477$2,649,963▲ $589,486
Mortgage Notes Payable Secured by Investment Property$1,640,940$1,571,972▼ $68,968
Accounts Payable and Accrued Expenses$453,049$823,418▲ $370,369
Other Liabilities$39,371$134,827▲ $95,456
Total Liabilities$8,078,549$8,880,003▲ $801,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,295,239$15,132,025▲ $836,786
Net Assets With Donor Restrictions$1,567,742$1,540,376▼ $27,366
Total Net Assets Fund Balance$15,862,981$16,672,401▲ $809,420
Total Liabilities and Net Assets / Fund Balance$23,941,530$25,552,404▲ $1,610,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,016,224$7,485,170$18,501,394
Land$1,755,450-$1,755,450
Other Land Buildings$1,588,308-$1,588,308
Equipment$73,714$934,450$1,008,164
Leasehold Improvements$274,482$174,283$448,765

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$902,535$2,000▲ $130,255-$1,034,790
2022$798,312-▲ $104,223-$902,535
2021$903,453-▼ $105,141-$798,312
2020$702,586-▲ $200,867-$903,453
2019$674,221$500▲ $27,865-$702,586
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tracy BradleyTrustee and Head of SchoolFT$250,584$24,526$275,110
Rebecca BaileyEarly Elementary DirectorFT$115,469$19,292$134,761
Kara ClarkBusiness ManagerFT$118,374$6,229$124,603
Helen TelferDirector of FinanceFT$12,416$1,350$13,766

Board Members and Trustees

NameTitle
Heather MorrisseyPresident
Jose FlorezVice-president
Dan BerglundTrustee
Gabriel LingTrustee
Joe MarconiTrustee
Damian LongTrustee (2/24-06/24)
Lexi MiltenbergerTrustee (as of 10/23)
Stephen TisdalleTrustee (as of 10/23)
Wayne SitTrustee (to 2/24)
Molly SimmonsTrustee (to 6/24)
Jessica ChristTrustee (to 8/23)
Geoffrey RauxAppointed Psc Elder (as of 8/23)
David MurgatroydAppointed Psc Elder (to 8/23)
Adam HerndonAppointed Psc Minister (to 2/24)
Maggie BegleyClerk
Phil DumasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Generis Solutions LLCFundraising Consultant6455 E JOHN XING STE 275, Johns Creek, GA 30097$130,826
Commonwealth Consulting Agency LLCEducational Consultant295 PALMAS INN WAY STE 104, Humacao, PR 00791$115,011
Revenue and Support

Revenue Composition

Contributions and Grants
$1,317,681
Program Service Revenue
$7,550,166
Investment Income
$429,886
Other Revenue
$-118,329
All Other Contributions
$849,012
Change in Net Assets
$702,551

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table7$122,579Fair Market Value (FMV)
Securities Publicly Traded6$18,231Fair Market Value (FMV)
Total Noncash Contributions13$140,810-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,541,387
Other Expenses$2,238,053
Grants and Similar Amounts Paid$1,697,413
Total Fundraising Expense$341,734
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,022,292$1,017,017$100,490$3,139,799
Grants to Domestic Individuals$1,697,413--$1,697,413
Other Employee Benefits$310,717$190,441$15,054$516,212
Current Officers, Directors, Trustees, and Key Employees$88,096$422,468-$510,564
Fees for Services Other$129,968$206,813$144,864$481,645
Depreciation Depletion$423,198$32,915$14,107$470,220
Occupancy$377,865$66,603$10,642$455,110
Payroll Taxes$157,701$105,368$7,536$270,605
Office Expenses$62,047$107,850$24,203$194,100
Interest$154,748$12,036$5,158$171,942
Information Technology$107,077$8,328$3,569$118,974
Pension Plan Contributions$67,788$33,026$3,393$104,207
Insurance$64,653$5,029$2,155$71,837
Fees for Services Accounting-$47,781-$47,781
Advertising-$32,068-$32,068
Travel$3,583$9,290$7,716$20,589
Fees for Services Legal-$20,010-$20,010
Other Expenses$8,580$30,385$2,847$8,580
Total Functional Expenses$5,771,805$2,363,314$341,734$8,476,853
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$255,678
Fundraising Gross Income$122,580
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$468,399$122,580$160,904$-38,324
Total Events$468,399$122,580$255,678$-133,098
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Portion of Operating Lease Payable$71,708
Long Term Lease Liability$63,119

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABoston Private Bank and Trust Company2004-11-05$7,875,000BOND REFINANCE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,875,000---

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board executive committee members. At the subsequent board executive committee meeting, the members are asked if they have any questions or comments and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting, the form is submitted to the irs.

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

Each year, the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter in the transaction.

Form 990, Part VI, Section B, Line 15A

Annually, the board president, on behalf of the board, coordinates a performance review and evaluation of the head of school. The review is part of establishing the individual's compensation for the following year. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from compensation surveys. The head of school's compensation is determined and approved by the board of directors. The head of school establishes the compensation of the senior management team and reviews the performance evaluations and recommended compensation with the cfo and board treasurer, although no vote of approval of the head of school's decision is required.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Park Street School Inc
EIN
04-3488022
Phone
6175237577
Address
67 BRIMMER STREET, BOSTON, MA 02108

Signing Officer

Name
Heather Morrissey
Title
President
Phone
6175237577
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Morrissey
Formed
1999
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
11
Employees
88
Volunteers
190

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Patrick J Martin
Phone
4012742001
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization did not change either its oversight process or selection process during the tax year.

Financial Statement Notes

PART V, LINE 4:

The school's donor-designated endowment consists of individual funds established at the request of the donors for a variety of purposes.

PART X, LINE 2:

The school is exempt from income taxes as a public charity under section 501(c)(3) of the internal revenue code. Management believes that the school operates in a manner consistent with their tax-exempt status at both the state and federal level. The school annually files irs form 990 - return of organization exempt from income tax, reporting various information that the irs uses to monitor the activities of tax-exempt entities. These tax returns are subject to review by the taxing authorities generally for a period of three years after they were filed. The school currently has no tax examinations in progress.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0A NEIGHBORHOOD SCHOOL THAT SEEKS TO UNITE CHILDREN OF DIVERSE RACIAL, ETHNIC, AND ECONOMIC BACKGROUNDS FROM GREATER BOSTON IN A NURTURING SCHOOL OF THE HIGHEST ACADEMIC STANDARDS. THROUGH AN ENGAGING, CONTENT-RICH CURRICULUM, WE STRIVE TO EMPOWER AND EQUIP EACH CHILD WITH A LOVE OF LEARNING, A PASSION FOR TRUTH, A HEART FOR OTHERS, AND AN UNDERSTANDING OF GOD'S LOVE AND GRACE FOR US IN JESUS CHRIST. DURING THE 2023-2024 ACADEMIC YEAR THE SCHOOL HAD 226 PRESCHOOL AND ELEMENTARY SCHOOL AGED STUDENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm6MOLLY SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm7MAGGIE BEGLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8JOSE FLOREZ
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE MARCONI
IRS990/Form990PartVIISectionAGrp/PersonNm10JESSICA CHRIST
IRS990/Form990PartVIISectionAGrp/PersonNm11HEATHER MORRISSEY
IRS990/Form990PartVIISectionAGrp/PersonNm12GEOFFREY RAUX
IRS990/Form990PartVIISectionAGrp/PersonNm13GABRIEL LING
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID MURGATROYD
IRS990/Form990PartVIISectionAGrp/PersonNm15ADAM HERNDON
IRS990/Form990PartVIISectionAGrp/PersonNm16TRACY BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm17HELEN TELFER
IRS990/Form990PartVIISectionAGrp/PersonNm18KARA CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm19REBECCA BAILEY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE (AS OF 10/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE (AS OF 10/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE (2/24-06/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE (TO 2/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE (TO 6/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt7CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE (TO 8/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12APPOINTED PSC ELDER (AS OF 8/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14APPOINTED PSC ELDER (TO 8/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt15APPOINTED PSC MINISTER (TO 2/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE AND HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt18BUSINESS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EARLY ELEMENTARY DIRECTOR
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IRS990/FormationYr01999
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingGrossIncomeAmt0122580
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08328
IRS990/InformationTechnologyGrp/ProgramServicesAmt0107077
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IRS990/InsuranceGrp/FundraisingAmt02155
IRS990/InsuranceGrp/ManagementAndGeneralAmt05029
IRS990/InsuranceGrp/ProgramServicesAmt064653
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IRS990/InterestGrp/FundraisingAmt05158
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IRS990/InterestGrp/TotalAmt0171942
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IRS990/IRPDocumentCnt044
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OFFER A CHRISTIAN-BASED SET OF PROGRAMS AND SERVICES FOR PRESCHOOL AND ELEMENTARY SCHOOL AGED CHILDREN WHICH INCLUDES AN EDUCATIONAL CURRICULUM AND RECREATIONAL ACTIVITIES TO AID IN THE INTELLECTUAL, SOCIAL, PHYSICAL, EMOTIONAL AND SPIRITUAL GROWTH OF STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01571972
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0HEATHER MORRISSEY
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0931068
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01802550
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IRS990/PYOtherRevenueAmt0-99093
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IRS990/PYRevenuesLessExpensesAmt0237367
IRS990/PYSalariesCompEmpBnftPaidAmt04301271
IRS990/PYTotalExpensesAmt08224149
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08461516
IRS990/QuidProQuoContributionsInd01

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