Civic Intelligence

Educate Maine

990 • Fiscal year 2017 • EIN 20-3559947

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 10, 2018

482 Congress Street Suite 303Portland, ME 04101

(207) 347-8638

Siviq Scores

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

Liabilities / Assets

75th percentile

0.39x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.35x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$107,286

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

90th percentile

45%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

44%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,006,526

Up $311,127 (+45%) from 2016

Net Assets

Up

$616,536

Up $142,936 (+30%) from 2016

Liabilities

Up

$389,990

Up $168,191 (+76%) from 2016

Revenue

Up

$1,101,203

Up $336,470 (+44%) from 2016

Expenses

Up

$958,267

Up $302,094 (+46%) from 2016

Net Income

Up

$142,936

Up $34,376 (+32%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $207,274Liabilities 2011: $73,415Net Assets 2011: $133,8592011Assets 2012: $345,405Liabilities 2012: $96,000Net Assets 2012: $249,4052012Assets 2013: $288,797Liabilities 2013: $43,129Net Assets 2013: $245,6682013Assets 2014: $266,569Liabilities 2014: $61,182Net Assets 2014: $205,3872014Assets 2015: $508,215Liabilities 2015: $143,175Net Assets 2015: $365,0402015Assets 2016: $695,399Liabilities 2016: $221,799Net Assets 2016: $473,6002016Assets 2017: $1,006,526Liabilities 2017: $389,990Net Assets 2017: $616,5362017Assets 2018: $1,229,391Liabilities 2018: $400,145Net Assets 2018: $829,2462018Assets 2019: $1,506,393Liabilities 2019: $123,563Net Assets 2019: $1,382,8302019Assets 2020: $1,499,547Liabilities 2020: $197,821Net Assets 2020: $1,301,7262020Assets 2021: $1,112,374Liabilities 2021: $78,346Net Assets 2021: $1,034,0282021Assets 2022: $1,053,605Liabilities 2022: $178,327Net Assets 2022: $875,2782022Assets 2023: $983,361Liabilities 2023: $212,030Net Assets 2023: $771,3312023Assets 2024: $1,816,641Liabilities 2024: $223,498Net Assets 2024: $1,593,1432024

Highlighted filing

2017

Assets$1,006,526
Liabilities$389,990
Net Assets$616,536

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $282,976Expenses 2011: $298,105Net Income 2011: -$15,1292011Revenue 2012: $752,859Expenses 2012: $671,644Net Income 2012: $81,2152012Revenue 2013: $731,162Expenses 2013: $734,899Net Income 2013: -$3,7372013Revenue 2014: $574,673Expenses 2014: $614,954Net Income 2014: -$40,2812014Revenue 2015: $720,327Expenses 2015: $560,674Net Income 2015: $159,6532015Revenue 2016: $764,733Expenses 2016: $656,173Net Income 2016: $108,5602016Revenue 2017: $1,101,203Expenses 2017: $958,267Net Income 2017: $142,9362017Revenue 2018: $1,205,117Expenses 2018: $992,407Net Income 2018: $212,7102018Revenue 2019: $1,954,225Expenses 2019: $1,616,995Net Income 2019: $337,2302019Revenue 2020: $1,324,808Expenses 2020: $1,405,912Net Income 2020: -$81,1042020Revenue 2021: $852,659Expenses 2021: $1,120,357Net Income 2021: -$267,6982021Revenue 2022: $1,542,987Expenses 2022: $1,701,737Net Income 2022: -$158,7502022Revenue 2023: $2,165,035Expenses 2023: $2,268,982Net Income 2023: -$103,9472023Revenue 2024: $3,619,426Expenses 2024: $2,797,614Net Income 2024: $821,8122024

Highlighted filing

2017

Revenue$1,101,203
Expenses$958,267
Net Income$142,936
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 10, 2018
Return Version
2017v2.2
Gross Receipts
$1,101,203
Mission and Program Overview

Mission

None

To champion college, career readiness and increased education attainment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$586,697$849,482▲ $262,785
Pledges and Grants Receivable$55,540$103,870▲ $48,330
Savings and Temporary Cash Investments$41,165$41,228▲ $63
Land, Buildings, and Equipment, Net$7,340$5,622▼ $1,718
Prepaid Expenses and Deferred Charges$4,646$3,429▼ $1,217
Accounts Receivable$11$2,895▲ $2,884
Total Assets$695,399$1,006,526▲ $311,127
Liabilities
Other Liabilities$136,869$274,569▲ $137,700
Accounts Payable and Accrued Expenses$68,980$102,521▲ $33,541
Deferred Revenue$15,950$12,900▼ $3,050
Total Liabilities$221,799$389,990▲ $168,191
Net Assets / Fund Balance
Unrestricted Net Assets$375,432$478,703▲ $103,271
Temporarily Rstr Net Assets$98,168$137,833▲ $39,665
Total Net Assets Fund Balance$473,600$616,536▲ $142,936
Total Liabilities and Net Assets / Fund Balance$695,399$1,006,526▲ $311,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,622$27,387$33,009
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ed CervoneExecutive DirectorFT$96,002$11,284$107,286

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,033,129
Program Service Revenue
$64,131
Investment Income
$3,943
Other Revenue
$0
All Other Contributions
$426,145
Change in Net Assets
$142,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$493,662
Salaries, Compensation, and Employee Benefits$448,607
Total Fundraising Expense$23,267
Grants and Similar Amounts Paid$15,998
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$193,101$68,962$13,793$275,856
Fees for Services Other$191,474--$191,474
Office Expenses$69,116$29,621-$98,737
Current Officers, Directors, Trustees, and Key Employees$76,802$14,400$4,800$96,002
Conferences and Meetings$83,911--$83,911
Travel$39,238$8,614-$47,852
Other Employee Benefits$24,642$4,620$1,540$30,802
Payroll Taxes$21,978$4,121$1,374$27,473
Pension Plan Contributions$14,779$2,771$924$18,474
Occupancy$3,342$12,532$836$16,710
Grants to Domestic Individuals$15,998--$15,998
Information Technology$10,558$1,173-$11,731
Fees for Services Accounting-$8,703-$8,703
Depreciation Depletion$2,115$4,181-$6,296
Other Expenses$87$10-$97
Total Functional Expenses$775,292$159,708$23,267$958,267
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds held as fiscal agent$274,569
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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, Part VI, Section B, line 11B

The Executive Director and Finance Manager are part of the 990 preparation process and review in final form before filing with the IRS.

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

All staff, directors and officers of Educate Maine are required to sign a disclosure annually after receiving a copy of the conflict of interest policy.

Form 990, Part VI, Section C, line 19

The organization provides copies upon request.

Filing and Contact Details

Filer

Filer Name
Educate Maine
EIN
20-3559947
Phone
2073478638
Address
482 Congress Street Suite 303, Portland, ME 04101

Signing Officer

Name
Ed Cervone
Title
Executive Director
Phone
2073478638
Signed
2018-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Cervone
Formed
2003
Legal Domicile
Me
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
0

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
Richard E Emerson Jr CPA CVA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Consultants: Program service expenses 191,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 191,474.

Form 990, Part XII, Line 2C:

This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

Management of the Organization believes it has no material uncertain tax positions and, accordingly it will not recognize any liability for unrecognized tax benefits.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Executive Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GovernmentGrantsAmt0606984
IRS990/GrantAmt015998
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt015998
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt015998
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01101203
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01173
IRS990/InformationTechnologyGrp/ProgramServicesAmt010558
IRS990/InformationTechnologyGrp/TotalAmt011731
IRS990/InvestmentIncomeGrp/ExclusionAmt03943
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03943
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027387
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07340
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05622
IRS990/LandBldgEquipCostOrOtherBssAmt033009
IRS990/LegalDomicileStateCd0ME
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To champion college and career readiness and strive to increase the eduational attainment of the Maine workforce.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0473600
IRS990/NetAssetsOrFundBalancesEOYAmt0616536
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0836
IRS990/OccupancyGrp/ManagementAndGeneralAmt012532
IRS990/OccupancyGrp/ProgramServicesAmt03342
IRS990/OccupancyGrp/TotalAmt016710
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029621
IRS990/OfficeExpensesGrp/ProgramServicesAmt069116
IRS990/OfficeExpensesGrp/TotalAmt098737
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01540
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04620
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024642
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030802
IRS990/OtherExpensesGrp/Desc0Marketing/Community Out
IRS990/OtherExpensesGrp/Desc1Books/Subscriptions/Ref
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010
IRS990/OtherExpensesGrp/ProgramServicesAmt028151
IRS990/OtherExpensesGrp/ProgramServicesAmt187
IRS990/OtherExpensesGrp/TotalAmt028151
IRS990/OtherExpensesGrp/TotalAmt197
IRS990/OtherLiabilitiesGrp/BOYAmt0136869
IRS990/OtherLiabilitiesGrp/EOYAmt0274569
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013793
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068962
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0193101
IRS990/OtherSalariesAndWagesGrp/TotalAmt0275856
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01374
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04121
IRS990/PayrollTaxesGrp/ProgramServicesAmt021978
IRS990/PayrollTaxesGrp/TotalAmt027473
IRS990/PensionPlanContributionsGrp/FundraisingAmt0924
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02771
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014779
IRS990/PensionPlanContributionsGrp/TotalAmt018474
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt055540
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0103870
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04646
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03429
IRS990/PrincipalOfficerNm0Ed Cervone
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Education Symposium
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064131
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0716710
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt033
IRS990/PYOtherExpensesAmt0340238
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt047990
IRS990/PYRevenuesLessExpensesAmt0108560
IRS990/PYSalariesCompEmpBnftPaidAmt0315935
IRS990/PYTotalExpensesAmt0656173
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0764733
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0142936
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt064131
IRS990/SavingsAndTempCashInvstGrp/BOYAmt041165
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041228
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01033129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0716710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0665303
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0508250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0707320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03630712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03943
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.22$1.59$3.62$2.80$0.82
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.21$0.77$2.17$2.27$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.18$0.88$1.54$1.70$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.08$1.03$0.85$1.12$0.27
2020Detailed filing. Detailed filing data is available for this year.$1.50$0.20$1.30$1.32$1.41$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.12$1.38$1.95$1.62$0.34
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.40$0.83$1.21$0.99$0.21
2017Detailed filing. Detailed filing data is available for this year.$1.01$0.39$0.62$1.10$0.96$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.22$0.47$0.76$0.66$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.14$0.37$0.72$0.56$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.06$0.21$0.57$0.61$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.04$0.25$0.73$0.73$0.00
2012Summary only. Only limited summary data is available for this year.$0.35$0.10$0.25$0.75$0.67$0.08
2011Summary only. Only limited summary data is available for this year.$0.21$0.07$0.13$0.28$0.30$0.02