Civic Intelligence

Wcs-365-373 Plantation Street Inc

EIN 27-1726227 • 501(c)3 • Shrewsbury, MA

Refreshing map…

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

19th percentile

0.01x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

77th percentile

25%

Higher net margin than 77% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$532,867

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 25.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

58th percentile

6.8%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

78%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$8,121,042

Up $514,691 (+6.8%) from 2019

Liabilities

Up

$70,114

Up $3,098 (+4.6%) from 2019

Net Assets

Up

$8,050,928

Up $511,593 (+6.8%) from 2019

Revenue

Up

$2,062,842

Up $903,240 (+78%) from 2019

Expenses

Up

$1,551,249

Up $332,199 (+27%) from 2019

Net Income

Up

$511,593

Up $571,041 (+961%) from 2019

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2018: $6,831,755Liabilities 2018: $132,972Net Assets 2018: $6,698,7832018Assets 2019: $7,606,351Liabilities 2019: $67,016Net Assets 2019: $7,539,3352019Assets 2020: $8,121,042Liabilities 2020: $70,114Net Assets 2020: $8,050,9282020

Highlighted filing

2020

Assets$8,121,042
Liabilities$70,114
Net Assets$8,050,928

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $1,132,134Expenses 2018: $1,289,882Net Income 2018: -$157,7482018Revenue 2019: $1,159,602Expenses 2019: $1,219,050Net Income 2019: -$59,4482019Revenue 2020: $2,062,842Expenses 2020: $1,551,249Net Income 2020: $511,5932020

Highlighted filing

2020

Revenue$2,062,842
Expenses$1,551,249
Net Income$511,593

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
$2,062,842
Mission and Program Overview

Mission

Managing, developing, improving, renovating, leasing, or dealing with any real or personal property conveyed or transferred to wcs-365/373 plantation street, 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
Rtn Earn Endowment Incm Other Fnds$7,539,335$8,050,928▲ $511,593
Land, Buildings, and Equipment, Net$5,736,256$6,331,913▲ $595,657
Accounts Receivable$1,870,095$1,781,093▼ $89,002
Prepaid Expenses and Deferred Charges$0$8,036▲ $8,036
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$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
Pd in Cap Srpls Land Bldg Eqp Fund$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
Total Assets$7,606,351$8,121,042▲ $514,691
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$67,016$70,114▲ $3,098
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$67,016$70,114▲ $3,098
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,539,335$8,050,928▲ $511,593
Total Liabilities and Net Assets / Fund Balance$7,606,351$8,121,042▲ $514,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,289,550$3,143,528$9,433,078
Other Land Buildings$42,363-$42,363
Compensation and Service Providers

Board Members and Trustees

NameTitle
John LindstedtFormer President (june 2017)
Marcy CulverwellPresident
John BakerClerk
Brian SzymanskiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bond Brothers INCConstruction Mgmnt10 Cabot Rd 300, Medford, MA 02155$878,917
Lab Furniture InstallationsConstruction Mgmnt11 River St 2, Middleton, MA 01949$182,290
Lei CorporationLandscape/ground Svc200 Shrewsbury St, Boylston, MA 01505$108,475
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,162,842
Investment Income
$0
Other Revenue
$900,000
Change in Net Assets
$511,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,551,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$245,162--$245,162
Fees for Services Legal$9,510--$9,510
Insurance$9,083--$9,083
Fees for Services Other$3,590--$3,590
Fees for Service Investment Mgmnt Fees$2,513--$2,513
Other Expenses$585,487$125-$125
Total Functional Expenses$1,551,124$125$0$1,551,249
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
Backup withholding compliance
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-365-373 plantation street 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-365-373 plantation street 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-365-373 plantation street 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-365-373 plantation street inc. 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-365-373 plantation street 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-365-373 plantation street 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-365-373 plantation street 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-365-373 plantation street inc.

Filing and Contact Details

Filer

Filer Name
WCS-365-373 Plantation Street Inc
EIN
27-1726227
In Care Of
% BRIAN SZYMANSKI
Phone
5088568989
Address
333 SOUTH STREET Suite 290, SHREWSBURY, MA 01545

Signing Officer

Name
Marcy Culverwell
Title
President
Phone
5088568989
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-365-373 plantation street 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

Form 990, Schedule D, Part X, Line 2

Asc 740 footnote from audited financial statements: wcs-365-373 plantation street 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-365-373 plantation street 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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IRS990/OtherExpensesGrp/TotalAmt2125
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0900000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0900000
IRS990/OtherRevenueTotalAmt0900000
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08036
IRS990/PrincipalOfficerNm0MARCY CULVERWELL
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01162842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01162842
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherExpensesAmt01219050
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01159602
IRS990/PYRevenuesLessExpensesAmt0-59448
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IRS990/PYTotalExpensesAmt01219050
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01159602
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IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0511593
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02062842
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt07539335
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt08050928
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE UNIVERSITY OF MASSACHUSETTS IS A GOVERNMENTAL ENTITY AND IS NOT REQUIRED TO OBTAIN AN IRS DETERMINATION LETTER.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART IV, SECTION A, LINE 2
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleD/BuildingsGrp/BookValueAmt06289550
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03143528
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09433078
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042363
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042363
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 FOOTNOTE FROM AUDITED FINANCIAL STATEMENTS: WCS-365-373 PLANTATION STREET 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-365-373 PLANTATION STREET 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06331913
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt11000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt391035
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0231931
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1183920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2250238
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3349506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018978
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt217856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt361040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt02084

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