Civic Intelligence

Preshco Inc.

990 • Fiscal year 2024 • EIN 27-0436350

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

Organization Profilewww.preshco.org
College Hall 204 10 Elm StNorthampton, MA 01063

(413) 585-2200

Siviq Scores

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

Liabilities / Assets

87th percentile

0.48x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.26x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

54th percentile

6.5%

Higher net margin than 54% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$528,986

Down $763,094 (-59%) from 2018

Net Assets

Down

$274,836

Down $974,810 (-78%) from 2018

Liabilities

Up

$254,150

Up $211,716 (+499%) from 2018

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin54th percentile

Revenue

Down

$968,912

Down $408,159 (-30%) from 2018

Expenses

Down

$905,895

Down $406,430 (-31%) from 2018

Net Income

Down

$63,017

Down $1,729 (-2.7%) from 2018

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2024

Assets$528,986
Liabilities$254,150
Net Assets$274,836
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2024

Revenue$968,912
Expenses$905,895
Net Income$63,017
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$968,912
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.

PRESHCO Programa de Estudios Hispanicos en Cordoba operates a study abroad program at the University of Cordoba in Cordoba, Spain, for the benefit of a consortium of liberal arts colleges Smith and Wellesley Colleges

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$565,693$528,661▼ $37,032
Prepaid Expenses and Deferred Charges$1,583--
Accounts Receivable$127,005$325▼ $126,680
Total Assets$694,281$528,986▼ $165,295
Liabilities
Accounts Payable and Accrued Expenses$482,462$254,150▼ $228,312
Total Liabilities$482,462$254,150▼ $228,312
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$211,819$274,836▲ $63,017
Total Net Assets Fund Balance$211,819$274,836▲ $63,017
Total Liabilities and Net Assets / Fund Balance$694,281$528,986▼ $165,295
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Andrew ShennanPresident
David DeSwertDirector
Michael ThurstonDirector
Piper OrtonDirector
Jennifer Thomas-StarckClerk
Melissa FletcherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$983,514
Investment Income
$0
Other Revenue
$-14,602
Change in Net Assets
$63,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$968,912
Total Revenue per Audited Statements
$968,912
Total Revenue per Form 990
$968,912
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$587,763
Salaries, Compensation, and Employee Benefits$315,809
Grants and Similar Amounts Paid$2,323
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$18,971$234,803-$253,774
Travel$72,273$1,422-$73,695
Payroll Taxes-$38,407-$38,407
Occupancy$20,413$13,708-$34,121
Office Expenses$4,536$20,895-$25,431
Fees for Services Accounting-$18,324-$18,324
Other Employee Benefits-$12,182-$12,182
Fees for Services Legal-$11,743-$11,743
Pension Plan Contributions-$11,446-$11,446
Fees for Services Other-$7,500-$7,500
Conferences and Meetings$3,698$2,358-$6,056
Insurance-$5,684-$5,684
Grants to Domestic Orgs$2,323--$2,323
Advertising-$1,788-$1,788
Other Expenses$121,074$1,534-$1,534
Total Functional Expenses$524,101$381,794$0$905,895

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$905,895
Total Expenses per Audited Statements$905,895
Total Expenses per Form 990$905,895
International Activity

International Summary

Offices
1
Employees
5
Spending
$525,408

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe Including Iceland and GreenlandProgram Servicesclasses, cultural visits, field trips, Spanish language15$525,408
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“PRESHCO is comprised of two members through June 30, 2024. Each member is an institution that permits its students to participate for academic credit in the PRESHCO program in Cordoba, Spain.”

Form 990, Part VI, Section A, Line 7A

“The representatives of the member institutions have the power to elect the Board Clerk and Program Administrator.”

Form 990, Part VI, Section A, Line 7B

“The member institutions are consulted on issues around the signing of documents and the admitting of new members to the consortium.”

Form 990, Part VI, Section B, Line 11B

“When the Form 990 is completed, copies are sent to the board members for review and discussion.”

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

“The organization distributes a conflict of interest policy questionnaire at or before each annual meeting. These are kept on file with the corporate books.”

Form 990, Part VI, Section B, Line 15

“The Board of Directors votes and approves the salary each year for the Executive Director, Resident Director and other salaries.”

Form 990, Part VI, Section C, Line 19

“All such documents are available to the public upon request and on-line at guidestar.com as well as the Massachusetts Attorney Generals website.”

Filing and Contact Details

Filer

Filer Name
PRESHCO Inc
EIN
27-0436350
Phone
4135852200
Address
College Hall 204 10 Elm St, Northampton, MA 01063

Signing Officer

Name
Jillian McGrath
Title
Treasurer
Phone
4135852200
Signed
2025-05-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Jillian McGrath
Formed
2009
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Supplemental Narrative

Financial Statement Notes

X 2

“PRESHCO follows the US GAAP standards for accounting for uncertainity in income taxes, which required 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, 2024, PRESHCO determined that there are no material unrecognized tax benefits to report. PRESHCO files information returns in the US Federal and Massachusetts state jurisdictions. These returns are generally subject to examination by tax authorities for the last three years.”

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0983514
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0657300
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0976600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0408375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0520123
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03545912
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0905895
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0968912
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRESHCO follows the US GAAP standards for accounting for uncertainity in income taxes, which required 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, 2024, PRESHCO determined that there are no material unrecognized tax benefits to report. PRESHCO files information returns in the US Federal and Massachusetts state jurisdictions. These returns are generally subject to examination by tax authorities for the last three years.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0905895
IRS990ScheduleD/TotalRevenuePerForm990Amt0968912
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0968912
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0905895
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt05
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0525408
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe Including Iceland and Greenland
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0classes, cultural visits, field trips, Spanish language
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt05
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0525408
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Column e Specific types of service two 13-week semesters of classes, cultural visits, field trips and the opportunity to practice and improve speaking in Spanish.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 3
IRS990ScheduleF/TotalEmployeeCnt05
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt0525408
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESHCO is comprised of two members through June 30, 2024. Each member is an institution that permits its students to participate for academic credit in the PRESHCO program in Cordoba, Spain.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The representatives of the member institutions have the power to elect the Board Clerk and Program Administrator.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The member institutions are consulted on issues around the signing of documents and the admitting of new members to the consortium.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3When the Form 990 is completed, copies are sent to the board members for review and discussion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization distributes a conflict of interest policy questionnaire at or before each annual meeting. These are kept on file with the corporate books.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors votes and approves the salary each year for the Executive Director, Resident Director and other salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6All such documents are available to the public upon request and on-line at guidestar.com as well as the Massachusetts Attorney Generals website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0694281
IRS990/TotalAssetsEOYAmt0528986
IRS990/TotalAssetsGrp/BOYAmt0694281
IRS990/TotalAssetsGrp/EOYAmt0528986
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0381794
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0524101
IRS990/TotalFunctionalExpensesGrp/TotalAmt0905895
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0482462
IRS990/TotalLiabilitiesEOYAmt0254150
IRS990/TotalLiabilitiesGrp/BOYAmt0482462
IRS990/TotalLiabilitiesGrp/EOYAmt0254150
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0211819
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0274836
IRS990/TotalProgramServiceExpensesAmt0524101
IRS990/TotalProgramServiceRevenueAmt0983514
IRS990/TotalRevenueGrp/ExclusionAmt0-14602
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0983514
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0968912
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0694281
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0528986
IRS990/TravelGrp/ManagementAndGeneralAmt01422
IRS990/TravelGrp/ProgramServicesAmt072273
IRS990/TravelGrp/TotalAmt073695
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0College Hall 204 10 Elm St
IRS990/USAddress/CityNm0Northampton
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001063
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.preshco.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Jillian McGrath
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04135852200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESHCO Inc
ReturnHeader/Filer/BusinessNameControlTxt0PRES
ReturnHeader/Filer/EIN0270436350
ReturnHeader/Filer/PhoneNum04135852200
ReturnHeader/Filer/USAddress/AddressLine1Txt0College Hall 204 10 Elm St
ReturnHeader/Filer/USAddress/CityNm0Northampton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001063
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02025-05-15T12:45:38-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$528,986
Liabilities
$254,150
Net assets
$274,836
Revenue
$968,912
Expenses
$905,895
Net income
$63,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.53$0.25$0.27$0.97$0.91$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.29$0.04$1.25$1.38$1.31$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.12$1.19$1.12$1.02$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.04$1.08$1.33$1.24$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$1.14$1.20$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.05$1.17$1.35$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$1.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$1.43