Civic Intelligence

Options in Education Inc

EIN 22-3385616 • 501(c)3 • West Tisbury, MA

Profile

The organization was formed to support and promote innovative educational programs on Martha's Vineyard; to raise funds for a charter school; and to evenutally operate a summer program offering educational activities

PO Box 869West Tisbury, MA 02575

www.mvoptionsineducation.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

1.57x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

58th percentile

8.5%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

35th percentile

-1.1%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

7.8%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,043,640

Down $34,999 (-1.1%) from 2022

Liabilities

Down

$377,673

Down $55,386 (-13%) from 2022

Net Assets

Up

$2,665,967

Up $20,387 (+0.8%) from 2022

Revenue

Up

$240,051

Up $17,381 (+7.8%) from 2022

Expenses

Up

$219,689

Up $55,639 (+34%) from 2022

Net Income

Down

$20,362

Down $38,258 (-65%) from 2022

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,922,553Liabilities 2011: $516,261Net Assets 2011: $1,406,2922011Assets 2012: $1,920,935Liabilities 2012: $421,855Net Assets 2012: $1,499,0802012Assets 2013: $1,919,463Liabilities 2013: $322,129Net Assets 2013: $1,597,3342013Assets 2014: $2,362,506Liabilities 2014: $695,846Net Assets 2014: $1,666,6602014Assets 2015: $2,582,366Liabilities 2015: $635,354Net Assets 2015: $1,947,0122015Assets 2016: $2,796,801Liabilities 2016: $603,184Net Assets 2016: $2,193,6172016Assets 2017: $3,059,357Liabilities 2017: $841,407Net Assets 2017: $2,217,9502017Assets 2018: $3,379,669Liabilities 2018: $1,006,031Net Assets 2018: $2,373,6382018Assets 2019: $3,256,298Liabilities 2019: $799,335Net Assets 2019: $2,456,9632019Assets 2020: $3,192,067Liabilities 2020: $676,953Net Assets 2020: $2,515,1142020Assets 2021: $3,093,888Liabilities 2021: $506,928Net Assets 2021: $2,586,9602021Assets 2022: $3,078,639Liabilities 2022: $433,059Net Assets 2022: $2,645,5802022Assets 2023: $3,043,640Liabilities 2023: $377,673Net Assets 2023: $2,665,9672023

Highlighted filing

2023

Assets$3,043,640
Liabilities$377,673
Net Assets$2,665,967

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2011: $191,345Expenses 2011: $80,230Net Income 2011: $111,1152011Revenue 2012: $180,051Expenses 2012: $87,263Net Income 2012: $92,7882012Revenue 2013: $187,396Expenses 2013: $89,142Net Income 2013: $98,2542013Revenue 2014: $156,635Expenses 2014: $87,309Net Income 2014: $69,3262014Revenue 2015: $390,259Expenses 2015: $109,907Net Income 2015: $280,3522015Revenue 2016: $354,254Expenses 2016: $107,649Net Income 2016: $246,6052016Revenue 2017: $153,836Expenses 2017: $129,503Net Income 2017: $24,3332017Revenue 2018: $303,620Expenses 2018: $147,932Net Income 2018: $155,6882018Revenue 2019: $239,196Expenses 2019: $155,871Net Income 2019: $83,3252019Revenue 2020: $205,275Expenses 2020: $147,124Net Income 2020: $58,1512020Revenue 2021: $235,087Expenses 2021: $163,241Net Income 2021: $71,8462021Revenue 2022: $222,670Expenses 2022: $164,050Net Income 2022: $58,6202022Revenue 2023: $240,051Expenses 2023: $219,689Net Income 2023: $20,3622023

Highlighted filing

2023

Revenue$240,051
Expenses$219,689
Net Income$20,362

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.04$0.38$2.67$0.24$0.22$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.43$2.65$0.22$0.16$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.51$2.59$0.24$0.16$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.68$2.52$0.21$0.15$0.06
2019Summary only. Only limited summary data is available for this year.$3.26$0.80$2.46$0.24$0.16$0.08
2018Summary only. Only limited summary data is available for this year.$3.38$1.01$2.37$0.30$0.15$0.16
2017Summary only. Only limited summary data is available for this year.$3.06$0.84$2.22$0.15$0.13$0.02
2016Summary only. Only limited summary data is available for this year.$2.80$0.60$2.19$0.35$0.11$0.25
2015Summary only. Only limited summary data is available for this year.$2.58$0.64$1.95$0.39$0.11$0.28
2014Summary only. Only limited summary data is available for this year.$2.36$0.70$1.67$0.16$0.09$0.07
2013Summary only. Only limited summary data is available for this year.$1.92$0.32$1.60$0.19$0.09$0.10
2012Summary only. Only limited summary data is available for this year.$1.92$0.42$1.50$0.18$0.09$0.09
2011Summary only. Only limited summary data is available for this year.$1.92$0.52$1.41$0.19$0.08$0.11
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$268,513
Mission and Program Overview

Mission

The organization was formed to support and promote innovative educational programs on Marthas Vineyard; to raise funds for a charter school; and to evenutally operate a summer program offering educational activities

The organization was formed to support and promote innovative educational programs on Martha's Vineyard; to raise funds for a charter school; and to evenutally operate a summer program offering educational activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,875,049$2,844,676▼ $30,373
Savings and Temporary Cash Investments$218,839$233,963▲ $15,124
Loans From Officers Directors$60,000$20,000▼ $40,000
Total Assets$3,093,888$3,078,639▼ $15,249
Liabilities
Unsecured Notes Loans Payable$446,771$413,059▼ $33,712
Other Liabilities$157$0▼ $157
Total Liabilities$506,928$433,059▼ $73,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,586,960$2,645,580▲ $58,620
Total Net Assets Fund Balance$2,586,960$2,645,580▲ $58,620
Total Liabilities and Net Assets / Fund Balance$3,093,888$3,078,639▼ $15,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,590,763$1,870,050$4,460,813
Land$240,000-$240,000
Equipment$13,913$21,985$35,898
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pete SteedmanPresident
David WelchBoard Member
Laura HernBoard Member
Lin GallantBoard Member
Makenzie BrookesBoard Member
Jonathan ChatinoverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$53,775
Program Service Revenue
$0
Investment Income
$238
Other Revenue
$168,657
All Other Contributions
$51,400
Change in Net Assets
$58,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,550
Grants and Similar Amounts Paid$7,500
Total Fundraising Expense$1,048
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$148,718$0$0$148,718
Grants to Domestic Orgs$7,500--$7,500
Fees for Services Legal$0$5,418$0$5,418
Office Expenses$0$1,334$0$1,334
Other Expenses$0$32$0$32
Total Functional Expenses$156,218$6,784$1,048$164,050
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$60,000$20,000▼ $40,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
No
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
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
Options In Education Inc
EIN
22-3385616
Phone
5086939900
Address
PO Box 869, West Tisbury, MA 02575

Signing Officer

Name
Jonathan Chatinover
Title
Treasurer
Phone
5086939900
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Steedman
Formed
1994
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Powers & Sullivan LLC
Address
100 Quannapowitt Pkwy Suite 101, Wakefield, MA 01880
Preparer
Craig Peacock
Phone
7819141700
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

The organization has only members of the board.

Pt VI, Line 8B

The organization has no other committees other than the board. The organization's decisions are acted upon by the board members as a unit.

Pt VI, Line 11B

The trustees review the Form 990 prior to filing.

Raw XML Appendix379 raw XML fields

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

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 17a
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt050843
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt055884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt053191
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0273579
IRS990ScheduleA/TotalSupportAmt01378242
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0214500
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt0228000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0228000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0182882
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt0250038
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01103420
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/BuildingsGrp/BookValueAmt02590763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01870050
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04460813
IRS990ScheduleD/EquipmentGrp/BookValueAmt013913
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021985
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035898
IRS990ScheduleD/LandGrp/BookValueAmt0240000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0240000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Rent
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02844676
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt020000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Building Project
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Jonathan Chatinover
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Officer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt020000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has only members of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has no other committees other than the board. The organization's decisions are acted upon by the board members as a unit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The trustees review the Form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03093888
IRS990/TotalAssetsEOYAmt03078639
IRS990/TotalAssetsGrp/BOYAmt03093888
IRS990/TotalAssetsGrp/EOYAmt03078639
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt053775
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01048
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06784
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156218
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164050
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0506928
IRS990/TotalLiabilitiesEOYAmt0433059
IRS990/TotalLiabilitiesGrp/BOYAmt0506928
IRS990/TotalLiabilitiesGrp/EOYAmt0433059
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02586960
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02645580
IRS990/TotalProgramServiceExpensesAmt0156218
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0168895
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0222670
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03093888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03078639
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0446771
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0413059
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 869
IRS990/USAddress/CityNm0West Tisbury
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002575
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0https://www.mvoptionsineducation.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jonathan Chatinover
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05086939900
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Options In Education Inc
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0223385616
ReturnHeader/Filer/PhoneNum05086939900
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 869
ReturnHeader/Filer/USAddress/CityNm0West Tisbury
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002575
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273857113
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Powers & Sullivan LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Quannapowitt Pkwy Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wakefield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001880
ReturnHeader/PreparerPersonGrp/PhoneNum07819141700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Craig Peacock
ReturnHeader/ReturnTs02023-11-10T14:55:25-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jonathan
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Chatinover
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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