Civic Intelligence

Wcs - 55 Lake Avenue Inc

EIN 27-1722411 • 501(c)3 • Shrewsbury, MA

Revoked

Profile

Mission statement - managing, developing, improving, renovating, leasing, or dealing with any real or personal property conveyed or transferred to wcs-55 lake avenue, inc., including without limitation, real and personal property to support the educational, research and public service activities of the university of massachusetts.

Revocation date: Nov 15, 2023

333 SOUTH STREET Suite 290Shrewsbury, MA 01545

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2020

Top Officer Pay

100th percentile

$532,867

Higher top officer pay than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Flat

$0

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Flat

$0

Flat from 2019

Revenue

Flat

$0

Flat from 2019

Expenses

Flat

$0

Flat from 2019

Net Income

Flat

$0

Flat from 2019

Trend Graphs

Balance Sheet Trend

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

$0Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$0Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2020

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

Mission statement - managing, developing, improving, renovating, leasing, or dealing with any real or personal property conveyed or transferred to wcs-55 lake avenue, inc., including without limitation, real and personal property to support the educational, research and public service activities of the university of massachusetts.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Other Assets Total$0$0→ $0
Total Assets$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
John LindstedtFormer President (june 17)
Marcy CulverwellPresident
John BakerClerk
Brian SzymanskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part I, Line 4 and Part VI, Line 1B

The filing organization has no independent members of the governing body because members of the governing body are compensated by a related organization. However, the filing organization is part of an integrated delivery system of organizations, including wcs-55 lake avenue inc, that have community boards. There has been no material change in the structure of the governing body since it applied for exempt status.

Form 990, Part VI, Section A, Line 2

The officers and directors of wcs-55 lake avenue inc have a business relationship. All are employed by the university of massachusetts, a related organization.

Form 990, Part VI, Section A, Line 6

Worcester campus services, inc. Is the sole member of wcs-55 lake avenue inc.

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

The board of trustees for worcester campus services, inc. Elects members of the governing board.

Form 990, Part VI, Section A, Line 8B

There are no sub committees with authority to act on behalf of the governing body.

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

ONCE WCS-55 LAKE AVENUE INC's FORM 990 IS COMPLETED, IT IS REVIEWED BY WCS' INTERNAL MANAGEMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS.

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

Wcs-55 lake avenue inc maintains a written conflict of interest policy requiring disclosure of relevant facts that give rise to potential conflict of interest. At the end of the fiscal year before submission of form 990 each director and/or officer is provided with a questionnaire, requiring disclosure to any conflicts of interest that may have existed during the prior fiscal year.

Form 990, Part VI, Section C, Line 19

Wcs-55 lake avenue inc makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VII, Section A, Line 1A

All directors devote approximately one hour per week on average to wcs-55 lake avenue inc, the remainder of their time (39 hours each) is devoted to the university of massachusetts and its related organizations. The officers and directors receiving compensation in part vii, section a are paid by the university of massachusetts for their services to the university, not for their services to wcs-55 lake avenue inc.

Filing and Contact Details

Filer

Filer Name
WCS-55 Lake Avenue Inc
EIN
27-1722411
In Care Of
% BRIAN SZYMANSKI
Phone
5088568989
Address
333 SOUTH STREET Suite 290, SHREWSBURY, MA 01545

Signing Officer

Name
Marcy Culverwell
Title
President
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcy Culverwell
Formed
2010
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
833 EAST MICHIGAN STREET, MILWAUKEE, WI 53202
Preparer
Emily Upstrom
Phone
4142748740
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 and Part III, Line 1

Mission statement managing, developing, improving, renovating, leasing, or dealing with any real or personal property conveyed or transferred to wcs-55 lake avenue inc, including without limitation, real and personal property to support the educational, research and public service activities of the university of massachusetts.

Financial Statement Notes

Schedule D, Part X, Line 2

Asc 740 footnote from audit: wcs-55 lake avenue inc is an organization described in section 501(c)(3) of the internal revenue code, and is generally exempt from income taxes pursuant to section 501(a) of the code. Wcs-55 lake avenue inc is required to assess uncertain tax positions and has determined that there were no such positions that are material to the financial statements as of june 30, 2020 and 2019, respectively.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE UNIVERSITY OF MASSACHUSETTS IS EXEMPT UNDER IRC SECTION 115 AND IS NOT REQUIRED TO OBTAIN AN IRS DETERMINATION LETTER.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 FOOTNOTE FROM AUDIT: WCS-55 LAKE AVENUE INC IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. WCS-55 LAKE AVENUE INC IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS AS OF JUNE 30, 2020 AND 2019, RESPECTIVELY.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARCY CULVERWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRIAN SZYMANSKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN BAKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JOHN LINDSTEDT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CLERK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3FORMER PRESIDENT (JUNE 17)
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0WCS-55 LAKE AVENUE INC HAS NO EMPLOYEES AND PAYS NO COMPENSATION. THE INDIVIDUALS ON PART II RECEIVED COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF MASSACHUSETTS, A RELATED ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART II
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISSION STATEMENT MANAGING, DEVELOPING, IMPROVING, RENOVATING, LEASING, OR DEALING WITH ANY REAL OR PERSONAL PROPERTY CONVEYED OR TRANSFERRED TO WCS-55 LAKE AVENUE INC, INCLUDING WITHOUT LIMITATION, REAL AND PERSONAL PROPERTY TO SUPPORT THE EDUCATIONAL, RESEARCH AND PUBLIC SERVICE ACTIVITIES OF THE UNIVERSITY OF MASSACHUSETTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FILING ORGANIZATION HAS NO INDEPENDENT MEMBERS OF THE GOVERNING BODY BECAUSE MEMBERS OF THE GOVERNING BODY ARE COMPENSATED BY A RELATED ORGANIZATION. HOWEVER, THE FILING ORGANIZATION IS PART OF AN INTEGRATED DELIVERY SYSTEM OF ORGANIZATIONS, INCLUDING WCS-55 LAKE AVENUE INC, THAT HAVE COMMUNITY BOARDS. THERE HAS BEEN NO MATERIAL CHANGE IN THE STRUCTURE OF THE GOVERNING BODY SINCE IT APPLIED FOR EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS AND DIRECTORS OF WCS-55 LAKE AVENUE INC HAVE A BUSINESS RELATIONSHIP. ALL ARE EMPLOYED BY THE UNIVERSITY OF MASSACHUSETTS, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WORCESTER CAMPUS SERVICES, INC. IS THE SOLE MEMBER OF WCS-55 LAKE AVENUE INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES FOR WORCESTER CAMPUS SERVICES, INC. ELECTS MEMBERS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE ARE NO SUB COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ONCE WCS-55 LAKE AVENUE INC's FORM 990 IS COMPLETED, IT IS REVIEWED BY WCS' INTERNAL MANAGEMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WCS-55 LAKE AVENUE INC MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY REQUIRING DISCLOSURE OF RELEVANT FACTS THAT GIVE RISE TO POTENTIAL CONFLICT OF INTEREST. AT THE END OF THE FISCAL YEAR BEFORE SUBMISSION OF FORM 990 EACH DIRECTOR AND/OR OFFICER IS PROVIDED WITH A QUESTIONNAIRE, REQUIRING DISCLOSURE TO ANY CONFLICTS OF INTEREST THAT MAY HAVE EXISTED DURING THE PRIOR FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WCS-55 LAKE AVENUE INC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ALL DIRECTORS DEVOTE APPROXIMATELY ONE HOUR PER WEEK ON AVERAGE TO WCS-55 LAKE AVENUE INC, THE REMAINDER OF THEIR TIME (39 HOURS EACH) IS DEVOTED TO THE UNIVERSITY OF MASSACHUSETTS AND ITS RELATED ORGANIZATIONS. THE OFFICERS AND DIRECTORS RECEIVING COMPENSATION IN PART VII, SECTION A ARE PAID BY THE UNIVERSITY OF MASSACHUSETTS FOR THEIR SERVICES TO THE UNIVERSITY, NOT FOR THEIR SERVICES TO WCS-55 LAKE AVENUE INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1 AND PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART I, LINE 4 AND PART VI, LINE 1B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART VII, SECTION A, LINE 1A
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