Civic Intelligence

Little Leaders Prep School Inc

990 • Fiscal year 2018 • EIN 04-3568507

Jan 01, 2018 to Dec 31, 2018 • Filed on Dec 23, 2019

242 Woodrow AvenueBoston, MA 02124

(617) 265-6361

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

0.16x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

89th percentile

$39,400

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

96th percentile

241%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$52,842

Up $37,324 (+241%) from 2017

Net Assets

Up

-$4,580

Up $51,509 (+92%) from 2017

Liabilities

Down

$57,422

Down $14,185 (-20%) from 2017

Revenue

Up

$361,473

Up $62,103 (+21%) from 2017

Expenses

Up

$310,339

Up $3,793 (+1.2%) from 2017

Net Income

Up

$51,134

Up $58,310 (+813%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2010: $18,806Liabilities 2010: $66,652Net Assets 2010: -$47,8462010Assets 2011: $12,827Liabilities 2011: $45,570Net Assets 2011: -$32,7432011Assets 2012: $16,051Liabilities 2012: $52,616Net Assets 2012: -$36,5652012Assets 2013: $29,796Liabilities 2013: $53,779Net Assets 2013: -$23,9832013Assets 2014: $27,539Liabilities 2014: $52,841Net Assets 2014: -$25,3022014Assets 2015: $39,482Liabilities 2015: $58,780Net Assets 2015: -$19,2982015Assets 2016: $13,276Liabilities 2016: $61,248Net Assets 2016: -$47,9722016Assets 2017: $15,518Liabilities 2017: $71,607Net Assets 2017: -$56,0892017Assets 2018: $52,842Liabilities 2018: $57,422Net Assets 2018: -$4,5802018Assets 2019: $27,168Liabilities 2019: $53,434Net Assets 2019: -$26,2662019Assets 2020: $8,068Liabilities 2020: $127,790Net Assets 2020: -$119,7222020Assets 2021: $72,503Liabilities 2021: $79,247Net Assets 2021: -$6,7442021

Highlighted filing

2018

Assets$52,842
Liabilities$57,422
Net Assets-$4,580

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $394,5012010Revenue 2011: $367,738Expenses 2011: $352,635Net Income 2011: $15,1032011Expenses 2012: $343,4052012Revenue 2013: $286,340Expenses 2013: $271,295Net Income 2013: $15,0452013Revenue 2014: $309,727Expenses 2014: $311,046Net Income 2014: -$1,3192014Revenue 2015: $348,807Expenses 2015: $342,803Net Income 2015: $6,0042015Revenue 2016: $331,669Expenses 2016: $360,344Net Income 2016: -$28,6752016Revenue 2017: $299,370Expenses 2017: $306,546Net Income 2017: -$7,1762017Revenue 2018: $361,473Expenses 2018: $310,339Net Income 2018: $51,1342018Revenue 2019: $281,537Expenses 2019: $304,067Net Income 2019: -$22,5302019Revenue 2020: $55,531Expenses 2020: $149,171Net Income 2020: -$93,6402020Revenue 2021: $102,402Expenses 2021: $94,812Net Income 2021: $7,5902021

Highlighted filing

2018

Revenue$361,473
Expenses$310,339
Net Income$51,134
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Dec 23, 2019
Return Version
2018v3.1
Gross Receipts
$361,473
Mission and Program Overview

Mission

To deliver competent child care

To deliver competent child care in a safe, stimulating atmosphere.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,649$46,022▲ $33,373
Loans From Officers Directors$25,544$14,306▼ $11,238
Land, Buildings, and Equipment, Net$2,869$6,820▲ $3,951
Rtn Earn Endowment Incm Other Fnds$-56,089$-4,580▲ $51,509
Total Assets$15,518$52,842▲ $37,324
Liabilities
Accounts Payable and Accrued Expenses$46,063$43,116▼ $2,947
Total Liabilities$71,607$57,422▼ $14,185
Net Assets / Fund Balance
Total Net Assets Fund Balance$-56,089$-4,580▲ $51,509
Total Liabilities and Net Assets / Fund Balance$15,518$52,842▲ $37,324

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,820$39,110$45,930
Equipment$0$7,625$7,625
Other Land Buildings$0$1,079$1,079
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nancy WallacePresident/treasurerPT$39,400$39,400

Board Members and Trustees

NameTitle
Wanda RossDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$361,473
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$51,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$199,181
Other Expenses$111,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,457$0$0$140,457
All Other Expenses$45,081$2,259$0$47,340
Occupancy$41,130$4,570$0$45,700
Current Officers, Directors, Trustees, and Key Employees$39,400$0$0$39,400
Payroll Taxes$19,324$0$0$19,324
Insurance$3,534$393$0$3,927
Fees for Services Accounting$0$3,675$0$3,675
Other Expenses$3,002$334$0$3,336
Office Expenses$2,457$0$0$2,457
Depreciation Depletion$1,155$0$0$1,155
Advertising$800$0$0$800
Total Functional Expenses$298,831$11,508$0$310,339
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
Tap Realty TrustLandlordRentNo$45,700
Nancy WallaceDirectorPayrollNo$39,400

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,544$14,306▼ $11,238
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Little Leaders Prep School Inc
EIN
04-3568507
Phone
6172656361
Address
242 WOODROW AVENUE, BOSTON, MA 02124

Signing Officer

Name
Nancy Wallace
Title
President
Phone
6172656361
Signed
2019-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Wallace
Formed
2001
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
0
Employees
10
Volunteers
0

Preparer

Firm
Amichetti & Company
Address
ONE EDGEWATER DRIVE SUITE 109, NORWOOD, MA 02062
Preparer
Anthony J Amichetti CPA
Phone
7812559669
Supplemental Narrative

Additional Explanations

Pt VI, Line 10B

The governing body consists of one member. There are no committees with the authority to act on behalf of the governing body.

Pt VI, Line 11B

A draft of the form 990 is emailed by the accountant and reviewed by the appropriate individuals for accuracy and content.

Pt VI, Line 19

All of the organization's governing documents and financial statements are available to the public on site.

Pt XI

Book/tax depreciation difference

Form 990, Part IX, Line 24E

Contributions 100. 100. 0. 0.

Form 990, Part IX, Line 24E

Equipment lease 1214. 1093. 121. 0.

Form 990, Part IX, Line 24E

Utilities 8564. 7708. 856. 0.

Form 990, Part IX, Line 24E

Payroll service fee 6094. 6094. 0. 0.

Form 990, Part IX, Line 24E

Repairs & maintenance 9057. 8151. 906. 0.

Form 990, Part IX, Line 24E

Rubbish removal 2056. 2056. 0. 0.

Form 990, Part IX, Line 24E

Taxes-other 140. 0. 140. 0.

Form 990, Part IX, Line 24E

Telephone 2359. 2123. 236. 0.

Form 990, Part IX, Line 24E

Transportation expense 17756. 17756. 0. 0.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1RENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt014306
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0COVER PAYROLL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt011023
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0NANCY WALLACE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt014306
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY CONSISTS OF ONE MEMBER. THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE FORM 990 IS EMAILED BY THE ACCOUNTANT AND REVIEWED BY THE APPROPRIATE INDIVIDUALS FOR ACCURACY AND CONTENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON SITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DEPRECIATION DIFFERENCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRIBUTIONS 100. 100. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EQUIPMENT LEASE 1214. 1093. 121. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILITIES 8564. 7708. 856. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PAYROLL SERVICE FEE 6094. 6094. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REPAIRS & MAINTENANCE 9057. 8151. 906. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9RUBBISH REMOVAL 2056. 2056. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TAXES-OTHER 140. 0. 140. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TELEPHONE 2359. 2123. 236. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12TRANSPORTATION EXPENSE 17756. 17756. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 10b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TAP REALTY TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0046905215
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0236-242 WOODROW AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DORCHESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002124
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt045700
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt12987
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL PMTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL PMTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TAP REALTY TRUST 04-6905215
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1TAP REALTY TRUST 04-6905215
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0RENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1LOAN
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015518
IRS990/TotalAssetsEOYAmt052842
IRS990/TotalAssetsGrp/BOYAmt015518
IRS990/TotalAssetsGrp/EOYAmt052842
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011508
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0298831
IRS990/TotalFunctionalExpensesGrp/TotalAmt0310339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071607
IRS990/TotalLiabilitiesEOYAmt057422
IRS990/TotalLiabilitiesGrp/BOYAmt071607
IRS990/TotalLiabilitiesGrp/EOYAmt057422
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-56089
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4580
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0298831
IRS990/TotalProgramServiceRevenueAmt0361473
IRS990/TotalReportableCompFromOrgAmt039400
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0361473
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361473
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015518
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt052842
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0242 WOODROW AVE
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002124
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY WALLACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172656361
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LITTLE LEADERS PREP SCHOOL INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.79$0.07$1.02$0.95$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$1.28$1.20$0.56$1.49$0.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.53$0.26$2.82$3.04$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.53$0.57$0.05$3.61$3.10$0.51
2017Summary only. Only limited summary data is available for this year.$0.16$0.72$0.56$2.99$3.07$0.07
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.13$0.61$0.48$3.32$3.60$0.29
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.59$0.19$3.49$3.43$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.53$0.25$3.10$3.11$0.01
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.30$0.54$0.24$2.86$2.71$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.53$0.37$3.43
2011Summary only. Only limited summary data is available for this year.$0.13$0.46$0.33$3.68$3.53$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.67$0.48$3.95
Peer Organizations

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