Civic Intelligence

Preshco Inc.

990 • Fiscal year 2013 • EIN 27-0436350

Jul 01, 2012 to Jun 30, 2013 • Filed on May 13, 2014

Hatfield Hall Smith College01063
Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,234,359

Up $154,913 (+14%) from 2012

Net Assets

Up

$1,233,637

Up $155,717 (+14%) from 2012

Liabilities

Down

$722

Down $804 (-53%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,395,867

Down $90,149 (-6.1%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $868,173Liabilities 2011: $406Net Assets 2011: $867,7672011Assets 2012: $1,079,446Liabilities 2012: $1,526Net Assets 2012: $1,077,9202012Assets 2013: $1,234,359Liabilities 2013: $722Net Assets 2013: $1,233,6372013Assets 2014: $1,057,935Liabilities 2014: $5,649Net Assets 2014: $1,052,2862014Assets 2015: $1,010,318Liabilities 2015: $19,546Net Assets 2015: $990,7722015Assets 2016: $1,123,277Liabilities 2016: $39,673Net Assets 2016: $1,083,6042016Assets 2017: $1,302,611Liabilities 2017: $116,711Net Assets 2017: $1,185,9002017Assets 2018: $1,292,080Liabilities 2018: $42,434Net Assets 2018: $1,249,6462018Assets 2024: $528,986Liabilities 2024: $254,150Net Assets 2024: $274,8362024

Highlighted filing

2013

Assets$1,234,359
Liabilities$722
Net Assets$1,233,637

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,432,7042011Expenses 2012: $1,486,0162012Expenses 2013: $1,395,8672013Revenue 2014: $1,167,744Expenses 2014: $1,349,095Net Income 2014: -$181,3512014Revenue 2015: $1,142,083Expenses 2015: $1,203,597Net Income 2015: -$61,5142015Revenue 2016: $1,329,625Expenses 2016: $1,236,793Net Income 2016: $92,8322016Revenue 2017: $1,119,582Expenses 2017: $1,017,286Net Income 2017: $102,2962017Revenue 2018: $1,377,071Expenses 2018: $1,312,325Net Income 2018: $64,7462018Revenue 2024: $968,912Expenses 2024: $905,895Net Income 2024: $63,0172024

Highlighted filing

2013

Revenue-
Expenses$1,395,867
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 13, 2014
Return Version
2012v2.1
Gross Receipts
$1,551,584
Mission and Program Overview

Mission

Preshco exists to operate a study abroad program at the university of cordoba in cordoba, spain for the benefit of smith college and wellesley college and is open to non-consortium students by application to the program. Preshco's mission is to encourage the intellectual and personal growth that comes from cultural immersion, to offer an opportunity to strengthen acquisition of the spanish language, and to foster knowledge and appreciation of spanish culture through studies in the humanities, social sciences, fine arts, and the natural sciences.

Filing and Contact Details

Filer

EIN
27-0436350
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0PRESHCO FOLLOWS THE U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES PRESHCO TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF JUNE 30, 2013, PRESHCO DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. PRESHCO FILES INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS.
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IRS990ScheduleF/AcctsActvsOutUSTable/Region0STUDY ABROAD PROGRAM IN SPAIN
IRS990ScheduleF/AcctsActvsOutUSTable/SpecificServicesProvided0TWO 13-WEEK SEMESTERS OF CLASSES; CULTURAL VISITS AND FIELD TRIPS; INTERNSHIPS FOR THE STUDENTS; AND THE IMPROVEMENT AND PRACTICE OF THE SPANISH LANGUAGE.
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IRS990ScheduleO/GeneralExplanation/Explanation0THROUGH JUNE 30, 2013, PRESHCO WAS COMPRISED OF SIX MEMBERS. EACH MEMBER IS AN INSTITUTION THAT PERMITS ITS STUDENTS TO PARTICIPATE FOR ACADEMIC CREDIT IN THE PRESHCO PROGRAM IN CORDOBA, SPAIN. AS OF JULY 1, 2013, PRESHCO HAS THREE MEMBERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE REPRESENTATIVES OF THE MEMBER INSTITUTIONS HAVE THE POWER TO ELECT TWO EXECUTIVE DIRECTORS AND ONE RESIDENT DIRECTOR. THE EXECUTIVE DIRECTORS EACH SERVE A THREE YEAR RENEWABLE TERM. THE RESIDENT DIRECTOR SERVES A ONE YEAR RENEWABLE TERM.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MEMBER INSTITUTIONS ARE CONSULTED ON ISSUES OF THE SIGNING OF DOCUMENTS AND THE ADMITTING OF NEW MEMBERS TO THE CONSORTIUM.
IRS990ScheduleO/GeneralExplanation/Explanation3WRITTEN MINUTES ARE TAKEN AND RECORDED AT EVERY MEETING AND RETREAT.
IRS990ScheduleO/GeneralExplanation/Explanation4WHEN THE FORM 990 IS COMPLETED, COPIES ARE SENT TO EACH BOARD MEMBER FOR REVIEW AND DISCUSSION.
IRS990ScheduleO/GeneralExplanation/Explanation5THE ORGANIZATION WILL DISTRIBUTE A CONFLICT OF INTEREST POLICY QUESTIONNAIRE AT OR BEFORE EACH ANNUAL MEETING. THESE WILL BE KEPT ON FILE WITH THE CORPORATE BOOKS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE BOARD OF DIRECTORS VOTES AND APPROVES THE SALARY EACH YEAR FOR THE EXECUTIVE DIRECTORS, RESIDENT DIRECTOR, AND ALL OTHER SALARIES.
IRS990ScheduleO/GeneralExplanation/Explanation7ALL SUCH DOCUMENTS WILL BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON-LINE AT GUIDESTAR.COM AS WELL AS THE MA ATTORNEY GENERAL'S WEBSITE.
IRS990ScheduleO/GeneralExplanation/Explanation8OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 298,233. MANAGEMENT AND GENERAL EXPENSES 31,062. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 329,295. CONTRACTED RESIDENT DIRECTOR: PROGRAM SERVICE EXPENSES 71,750. MANAGEMENT AND GENERAL EXPENSES 18,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,150.
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER FEES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART IX, LINE 11G
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MA
IRS990/StatesWhereCopyOfReturnIsFiled0MA
IRS990/StatesWhereCopyOfReturnIsFiled1CT
IRS990/StatesWhereCopyOfReturnIsFiled2OH
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10300 SUMMIT STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0HARTFORD
IRS990/TheBooksAreInCareOf/AddressUS/State0CT
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode006106
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10ALAN SAUER TRINITY COLLEGE
IRS990/TheBooksAreInCareOf/TelephoneNumber08602972043
IRS990/TotalAssets/BOY01079446
IRS990/TotalAssetsBOY01079446
IRS990/TotalAssets/EOY01234359
IRS990/TotalAssetsEOY01234359
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear01395867
IRS990/TotalExpensesPriorYear01486016
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0289048
IRS990/TotalFunctionalExpenses/ProgramServices01106819
IRS990/TotalFunctionalExpenses/Total01395867
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY01526
IRS990/TotalLiabilitiesBOY01526
IRS990/TotalLiabilities/EOY0722
IRS990/TotalLiabilitiesEOY0722
IRS990/TotalLiabNetAssetsFundBalances/BOY01079446
IRS990/TotalLiabNetAssetsFundBalances/EOY01234359
IRS990/TotalNbrEmployees06
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY01077920

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