Civic Intelligence

The Riverbend Center for Montessori Excellence Inc.

990 • Fiscal year 2018 • EIN 23-7122908

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 28, 2018

39 Eliot StreetNatick, MA 01760

(508) 655-7333

Siviq Scores

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

Liabilities / Assets

84th percentile

0.70x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.21x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

60th percentile

6.7%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$184,198

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

76th percentile

12%

Faster asset growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2018

Revenue Growth

67th percentile

12%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2018

Assets

Up

$8,611,375

Up $1,761,728 (+26%) from 2016

Net Assets

Up

$2,567,270

Up $285,482 (+13%) from 2016

Liabilities

Up

$6,044,105

Up $1,476,246 (+32%) from 2016

Revenue

Up

$4,991,128

Up $986,946 (+25%) from 2016

Expenses

Up

$4,659,098

Up $763,187 (+20%) from 2016

Net Income

Up

$332,030

Up $223,759 (+207%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $2,474,954Liabilities 2010: $1,400,526Net Assets 2010: $1,074,4282010Assets 2012: $3,507,429Liabilities 2012: $1,724,709Net Assets 2012: $1,782,7202012Assets 2013: $3,885,063Liabilities 2013: $1,963,599Net Assets 2013: $1,921,4642013Assets 2015: $6,517,320Liabilities 2015: $4,269,522Net Assets 2015: $2,247,7982015Assets 2016: $6,849,647Liabilities 2016: $4,567,859Net Assets 2016: $2,281,7882016Assets 2018: $8,611,375Liabilities 2018: $6,044,105Net Assets 2018: $2,567,2702018Assets 2019: $8,991,423Liabilities 2019: $6,140,186Net Assets 2019: $2,851,2372019Assets 2020: $17,298,871Liabilities 2020: $13,875,211Net Assets 2020: $3,423,6602020Assets 2021: $19,151,375Liabilities 2021: $14,847,599Net Assets 2021: $4,303,7762021Assets 2022: $19,023,555Liabilities 2022: $13,863,370Net Assets 2022: $5,160,1852022Assets 2023: $15,978,909Liabilities 2023: $10,384,313Net Assets 2023: $5,594,5962023Assets 2024: $16,182,549Liabilities 2024: $10,422,305Net Assets 2024: $5,760,2442024Assets 2025: $18,066,816Liabilities 2025: $10,258,225Net Assets 2025: $7,808,5912025

Highlighted filing

2018

Assets$8,611,375
Liabilities$6,044,105
Net Assets$2,567,270

Operations Trend

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

$10M$5.0M$0Expenses 2010: $1,618,9232010Expenses 2012: $2,757,5762012Expenses 2013: $2,888,5612013Revenue 2015: $3,603,512Expenses 2015: $3,428,896Net Income 2015: $174,6162015Revenue 2016: $4,004,182Expenses 2016: $3,895,911Net Income 2016: $108,2712016Revenue 2018: $4,991,128Expenses 2018: $4,659,098Net Income 2018: $332,0302018Revenue 2019: $4,705,085Expenses 2019: $4,421,118Net Income 2019: $283,9672019Revenue 2020: $5,179,411Expenses 2020: $4,606,988Net Income 2020: $572,4232020Revenue 2021: $5,470,805Expenses 2021: $4,590,689Net Income 2021: $880,1162021Revenue 2022: $6,418,307Expenses 2022: $5,561,898Net Income 2022: $856,4092022Revenue 2023: $6,127,172Expenses 2023: $5,692,761Net Income 2023: $434,4112023Revenue 2024: $5,952,022Expenses 2024: $5,786,374Net Income 2024: $165,6482024Revenue 2025: $8,923,147Expenses 2025: $6,874,800Net Income 2025: $2,048,3472025

Highlighted filing

2018

Revenue$4,991,128
Expenses$4,659,098
Net Income$332,030
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 28, 2018
Return Version
2017v2.3
Gross Receipts
$5,563,855
Mission and Program Overview

Mission

A collaborative montessori environment that develops self-motivated, independent learners by integrating academic excellence and a respectful social community that results in confidence and lifelong achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,812,719$7,884,423▲ $1,071,704
Cash and Non-Interest-Bearing Accounts$555,505$511,670▼ $43,835
Savings and Temporary Cash Investments$95,020$96,092▲ $1,072
Accounts Receivable$14,767$58,608▲ $43,841
Prepaid Expenses and Deferred Charges$29,373$34,092▲ $4,719
Pledges and Grants Receivable$37,052$26,490▼ $10,562
Total Assets$7,625,329$8,611,375▲ $986,046
Other Assets Total$80,893--
Liabilities
Tax Exempt Bond Liabilities$3,235,417$3,966,227▲ $730,810
Deferred Revenue$1,066,008$1,046,090▼ $19,918
Mortgage Notes Payable Secured by Investment Property$828,503$813,892▼ $14,611
Accounts Payable and Accrued Expenses$235,486$295,557▲ $60,071
Other Liabilities-$-77,661-
Total Liabilities$5,365,414$6,044,105▲ $678,691
Net Assets / Fund Balance
Unrestricted Net Assets$2,200,876$2,467,283▲ $266,407
Permanently Rstr Net Assets$50,000$50,000→ $0
Temporarily Rstr Net Assets$9,039$49,987▲ $40,948
Total Net Assets Fund Balance$2,259,915$2,567,270▲ $307,355
Total Liabilities and Net Assets / Fund Balance$7,625,329$8,611,375▲ $986,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,672,404$468,314$7,140,718
Land$1,103,968-$1,103,968
Leasehold Improvements$7,285$428,031$435,316
Equipment$93,595$248,896$342,491
Other Land Buildings$7,171$91,491$98,662

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$50,000---$50,000
2016$50,000---$50,000
2015$50,000---$50,000
2014$50,000---$50,000
2013$50,000---$50,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christine G PriceFy17 Head ofFT$181,019$3,179$184,198
Christine G PriceFy17 Head of School-$114,519$69,679$184,198
Michele M MckennaAsst Head ofFT$123,963$3,532$127,495
Donna Volpe StrouseDirector of Fin &FT$102,875$5,827$108,702
Whitney SladeInter Head OFT$16,154-$16,154

Board Members and Trustees

NameTitle
Chris SuraciChairman
Daniel FinnDirector
David YoungDirector
Emeka IffihDirector
Eric PritchettDirector
Karin WoessnerDirector
Shana SalzanoDirector
John RoweClerk
Morgen PeckTreasurer
Sarah Spence AdamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$544,530
Program Service Revenue
$4,249,525
Investment Income
$181,639
Other Revenue
$15,434
All Other Contributions
$425,987
Change in Net Assets
$332,030

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table173$60,748Replacement Cost
Total Noncash Contributions173$60,748-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,991,128
Revenue Not Reported on Form 990
$40,971
Total Revenue per Audited Statements
$5,032,099
Total Revenue per Form 990
$4,991,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,311,554
Other Expenses$1,347,544
Total Fundraising Expense$158,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,177,385$250,941$84,670$2,512,996
Occupancy$281,964$25,381$6,702$314,047
Current Officers, Directors, Trustees, and Key Employees$96,701$170,232$21,625$288,558
Other Employee Benefits$252,041$11,358$3,844$267,243
Depreciation Depletion$209,530$24,043$8,334$241,907
Payroll Taxes$178,209$20,449$7,088$205,746
Interest$108,625$12,464$4,320$125,409
Office Expenses$78,087$16,255$3,106$97,448
Information Technology-$84,335-$84,335
Fees for Services Other$80,132--$80,132
Insurance$36,251$4,160$1,442$41,853
Fees for Services Legal-$39,359-$39,359
Pension Plan Contributions$32,058$3,678$1,275$37,011
Conferences and Meetings$27,247$3,127$1,084$31,458
Other Expenses$24,299--$24,299
Advertising$8,998$4,500$4,500$17,998
Fees for Services Accounting-$15,679-$15,679
All Other Expenses--$10,690$10,690
Total Functional Expenses$3,814,457$685,961$158,680$4,659,098

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,700,069
Expenses per Audited Statements$4,659,098
Total Expenses per Form 990$4,659,098
Expenses Not Reported on Form 990$40,971
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$117,153
Fundraising Direct Expenses$101,719
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$235,696$117,153$8,352$108,801
Total Events$235,696$117,153$101,719$15,434
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Issuance Costs$-77,661

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Devel Finance Agency2016-12-29$4,050,000Refinance existing debt & expansion of existing premises

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,050,000$2,978,280$83,773$78,323

Bond Financing Compliance

No rebate due
No
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
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 8B

No committee is authorized to act on behalf of the board of directors.

Form 990, Page 6, Part VI, Line 11B

The director of finance and operations reviews the form 990 with the treasurer prior to filing. Copies of the form 990 are made available to all board members at the next regularly scheduled board meeting.

Form 990, Page 6, Part VI, Line 12C

The school requires an annual disclosure from board members concerning circumstances that could give rise to conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The board reviews the head of school's performance and sets compensation after an annual review.

Form 990, Page 6, Part VI, Line 15B

The head of school reviews the key employees- and other officers' performance and sets compensation after such annual reviews.

Form 990, Page 6, Part VI, Line 19

The school's financial statements, governing documents, and conflict of interest policy are made available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Riverbend School Inc
EIN
23-7122908
Phone
5086557333
Address
39 ELIOT STREET, NATICK, MA 01760

Signing Officer

Name
Morgen Peck
Title
Treasurer
Phone
5086557333
Signed
2018-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Morgen Peck
Formed
1971
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
86
Volunteers
50

Preparer

Firm
Worthington Hughes & Hoar Pc
Address
400 W CUMMINGS PARK STE 3000, WOBURN, MA 01801-6592
Preparer
Stephen J Hoar
Phone
7813053534
Supplemental Narrative

Additional Explanations

Form 990, Part XI

The school's net assets as of june 30, 2017 have been restated as follows: temporarily permanently unrestricted restricted restricted total as previously reported 2,200,876 9,039 50,000 2,259,915 reclassification of endowment earnings (45,020) 45,020 - - expenses that should have been accrued at june 30, 2017 (26,555) - - (26,555) other adjustments 1,880 - - 1,880 as adjusted 2,131,181 54,059 50,000 2,235,240

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The interest income on the endowment fund is expended for faculty development and scholarships, as stipulated by the donors.

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america require that a tax position be recognized or derecognized based on a more likely or not threshold. This applies to tax positions taken or expected to be taken on a tax return. The organization regularly assesses the potential settlement outcomes resulting from income tax examinations. The organization does not believe that there are any uncertain tax positions that require recognition in its financial statements. As of the date of this report, the statute of limitations for examination by the federal and massachusetts taxing authorities is open for the organization's 2014 through 2017 tax returns, representing the fiscal years ended june 30, 2015 through 2018.

Schedule D, Page 4, Part XI, Line 2D

Fundraising event costs 40,971

Schedule D, Page 4, Part XII, Line 2D

Fundraising event costs 40,971

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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/Desc0THE RIVERBEND SCHOOL PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 200 CHILDREN ANNUALLY FROM PRE-SCHOOL TO GRADE EIGHT. AT RIVERBEND, OUR INNOVATIVE APPROACH ENCOURAGES STUDENTS TO EXPLORE THEIR TALENTS WITH CONFIDENCE, STRIVE FOR ACHIEVEMENT AND DISCOVER NEW WAYS OF THINKING, ALL IN AN ENVIRONMENT FOUNDED ON RESPECT AND COLLABORATION. WE ENGAGE OUR STUDENTS IN: AN ACADEMICALLY CHALLENGING CURRICULUM, SUPERIOR EXTRACURRICULAR PROGRAMS, CRITICAL THINKING AND PROBLEM SOLVING, TEAM BUILDING, AND SMALL CLASSES.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10FY17 HEAD OF
IRS990/Form990PartVIISectionAGrp/TitleTxt11INTER HEAD O
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIR OF FIN &
IRS990/Form990PartVIISectionAGrp/TitleTxt13ASST HEAD OF
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IRS990/FormationYr01971
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0118543
IRS990/FundraisingDirectExpensesAmt0101719
IRS990/FundraisingGrossIncomeAmt0117153
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt05563855
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IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt084335
IRS990/InformationTechnologyGrp/TotalAmt084335
IRS990/InsuranceGrp/FundraisingAmt01442
IRS990/InsuranceGrp/ManagementAndGeneralAmt04160
IRS990/InsuranceGrp/ProgramServicesAmt036251
IRS990/InsuranceGrp/TotalAmt041853
IRS990/InterestGrp/FundraisingAmt04320
IRS990/InterestGrp/ManagementAndGeneralAmt012464
IRS990/InterestGrp/ProgramServicesAmt0108625
IRS990/InterestGrp/TotalAmt0125409
IRS990/InvestmentIncomeGrp/ExclusionAmt07647
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01236732
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06812719
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07884423
IRS990/LandBldgEquipCostOrOtherBssAmt09121155
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0471008
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0A COLLABORATIVE MONTESSORI ENVIRONMENT THAT DEVELOPS SELF-MOTIVATED, INDEPENDENT LEARNERS BY INTEGRATING ACADEMIC EXCELLENCE AND A RESPECTFUL SOCIAL COMMUNITY THAT RESULTS IN CONFIDENCE AND LIFELONG ACHIEVEMENT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0828503
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0813892
IRS990/NetAssetsOrFundBalancesBOYAmt02259915
IRS990/NetAssetsOrFundBalancesEOYAmt02567270
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0174026
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-34
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0173992
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt015434
IRS990/NoncashContributionsAmt060748
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt06702
IRS990/OccupancyGrp/ManagementAndGeneralAmt025381
IRS990/OccupancyGrp/ProgramServicesAmt0281964
IRS990/OccupancyGrp/TotalAmt0314047
IRS990/OfficeExpensesGrp/FundraisingAmt03106
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016255
IRS990/OfficeExpensesGrp/ProgramServicesAmt078087
IRS990/OfficeExpensesGrp/TotalAmt097448
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt080893
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03844
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011358
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0252041
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0267243
IRS990/OtherExpensesGrp/Desc0ENRICHMENT & ACTIVITIES
IRS990/OtherExpensesGrp/Desc1CLASSRM SUPPLIES & MATRLS
IRS990/OtherExpensesGrp/Desc2SCHOOL EVENTS & ADMISSION
IRS990/OtherExpensesGrp/Desc3LUNCH PROGRAM
IRS990/OtherExpensesGrp/ProgramServicesAmt0133411
IRS990/OtherExpensesGrp/ProgramServicesAmt147371
IRS990/OtherExpensesGrp/ProgramServicesAmt242148
IRS990/OtherExpensesGrp/ProgramServicesAmt324299
IRS990/OtherExpensesGrp/TotalAmt0133411
IRS990/OtherExpensesGrp/TotalAmt147371
IRS990/OtherExpensesGrp/TotalAmt242148
IRS990/OtherExpensesGrp/TotalAmt324299
IRS990/OtherLiabilitiesGrp/EOYAmt0-77661
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt084670
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0250941
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02177385
IRS990/OtherSalariesAndWagesGrp/TotalAmt02512996
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07088
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020449
IRS990/PayrollTaxesGrp/ProgramServicesAmt0178209
IRS990/PayrollTaxesGrp/TotalAmt0205746
IRS990/PensionPlanContributionsGrp/FundraisingAmt01275
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03678
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt032058
IRS990/PensionPlanContributionsGrp/TotalAmt037011
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt050000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt050000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037052
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt026490
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029373
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034092
IRS990/PrincipalOfficerNm0MORGEN PECK
IRS990/PriorPeriodAdjustmentsAmt0-24675
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & RELATED FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04249525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04249525
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0345928
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02194
IRS990/PYOtherExpensesAmt01606620
IRS990/PYProgramServiceRevenueAmt04338612
IRS990/PYRevenuesLessExpensesAmt0-21873
IRS990/PYSalariesCompEmpBnftPaidAmt03101987
IRS990/PYTotalExpensesAmt04708607
IRS990/PYTotalRevenueAmt04686734
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0332030
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04249525
IRS990/SavingsAndTempCashInvstGrp/BOYAmt095020
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096092
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt06672404
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0468314
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07140718
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt093595
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0248896
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0342491
IRS990ScheduleD/ExpensesNotReportedAmt040971
IRS990ScheduleD/ExpensesSubtotalAmt04659098
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01103968
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01103968
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07285
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0428031
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0435316
IRS990ScheduleD/OtherExpensesIncludedAmt040971
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07171
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt091491
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt098662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-77661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN ISSUANCE COSTS
IRS990ScheduleD/OtherRevenueAmt040971
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt040971
IRS990ScheduleD/RevenueSubtotalAmt04991128
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTEREST INCOME ON THE ENDOWMENT FUND IS EXPENDED FOR FACULTY DEVELOPMENT AND SCHOLARSHIPS, AS STIPULATED BY THE DONORS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE LIKELY OR NOT THRESHOLD. THIS APPLIES TO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ORGANIZATION REGULARLY ASSESSES THE POTENTIAL SETTLEMENT OUTCOMES RESULTING FROM INCOME TAX EXAMINATIONS. THE ORGANIZATION DOES NOT BELIEVE THAT THERE ARE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN ITS FINANCIAL STATEMENTS. AS OF THE DATE OF THIS REPORT, THE STATUTE OF LIMITATIONS FOR EXAMINATION BY THE FEDERAL AND MASSACHUSETTS TAXING AUTHORITIES IS OPEN FOR THE ORGANIZATION'S 2014 THROUGH 2017 TAX RETURNS, REPRESENTING THE FISCAL YEARS ENDED JUNE 30, 2015 THROUGH 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EVENT COSTS 40,971
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EVENT COSTS 40,971
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07884423
IRS990ScheduleD/TotalExpensesPerForm990Amt04659098
IRS990ScheduleD/TotalLiabilityAmt0-77661
IRS990ScheduleD/TotalRevenuePerForm990Amt04991128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05032099
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04700069
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.1$10.3$7.81$8.92$6.87$2.05
2024Detailed filing. Detailed filing data is available for this year.$16.2$10.4$5.76$5.95$5.79$0.17
2023Detailed filing. Detailed filing data is available for this year.$16.0$10.4$5.59$6.13$5.69$0.43
2022Detailed filing. Detailed filing data is available for this year.$19.0$13.9$5.16$6.42$5.56$0.86
2021Detailed filing. Detailed filing data is available for this year.$19.2$14.8$4.30$5.47$4.59$0.88
2020Detailed filing. Detailed filing data is available for this year.$17.3$13.9$3.42$5.18$4.61$0.57
2019Detailed filing. Detailed filing data is available for this year.$8.99$6.14$2.85$4.71$4.42$0.28
2018Detailed filing. Detailed filing data is available for this year.$8.61$6.04$2.57$4.99$4.66$0.33
2016Detailed filing. Detailed filing data is available for this year.$6.85$4.57$2.28$4.00$3.90$0.11
2015Detailed filing. Detailed filing data is available for this year.$6.52$4.27$2.25$3.60$3.43$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$1.96$1.92$2.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$1.72$1.78$2.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.40$1.07$1.62