Civic Intelligence

Excel Academy East Boston Realty Corporation

990 • Fiscal year 2015 • EIN 27-4272913

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 11, 2016

Organization ProfileN/A
58 Moore StreetEast Boston, MA 02128

(617) 874-4096

Siviq Scores

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

Liabilities / Assets

89th percentile

0.93x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

35.85x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

57th percentile

5.0%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

47th percentile

0.1%

Faster asset growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

2.7%

Faster revenue growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$9,097,464

Up $11,793 (+0.1%) from 2014

Net Assets

Up

$634,138

Up $11,793 (+1.9%) from 2014

Liabilities

Flat

$8,463,326

Flat from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin57th percentile

Revenue

Up

$236,090

Up $6,129 (+2.7%) from 2014

Expenses

Up

$224,297

Up $324 (+0.1%) from 2014

Net Income

Up

$11,793

Up $5,805 (+97%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$10M$5.0M$0Assets 2011: $9,408,600Liabilities 2011: $8,770,194Net Assets 2011: $638,4062011Assets 2012: $9,756,035Liabilities 2012: $9,141,023Net Assets 2012: $615,0122012Assets 2013: $9,190,791Liabilities 2013: $8,574,434Net Assets 2013: $616,3572013Assets 2014: $9,085,671Liabilities 2014: $8,463,326Net Assets 2014: $622,3452014Assets 2015: $9,097,464Liabilities 2015: $8,463,326Net Assets 2015: $634,1382015Assets 2016: $9,121,242Liabilities 2016: $8,476,242Net Assets 2016: $645,0002016Assets 2017: $9,000,795Liabilities 2017: $8,345,000Net Assets 2017: $655,7952017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2015

Assets$9,097,464
Liabilities$8,463,326
Net Assets$634,138
Open 2015 Filing

Operations Trend

Revenue Growth48th percentile

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

$300K$200K$100K$0-$100KExpenses 2011: $3,0552011Expenses 2012: $89,7372012Revenue 2013: $225,479Expenses 2013: $224,134Net Income 2013: $1,3452013Revenue 2014: $229,961Expenses 2014: $223,973Net Income 2014: $5,9882014Revenue 2015: $236,090Expenses 2015: $224,297Net Income 2015: $11,7932015Revenue 2016: $235,714Expenses 2016: $224,852Net Income 2016: $10,8622016Revenue 2017: $236,174Expenses 2017: $225,379Net Income 2017: $10,7952017Revenue 2018: $178,161Expenses 2018: $185,542Net Income 2018: -$7,3812018

Highlighted filing

2015

Revenue$236,090
Expenses$224,297
Net Income$11,793
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 11, 2016
Return Version
2015v2.1
Gross Receipts
$236,090
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable activities benefiting, performing the functions of, and carrying out the purposes of friends of excel academy charter schools, inc., a massachusetts non-profit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$246,471$184,166▼ $62,305
Cash and Non-Interest-Bearing Accounts$36,261$52,805▲ $16,544
Total Assets$9,085,671$9,097,464▲ $11,793
Other Assets Total$8,802,939$8,860,493▲ $57,554
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,245,000$8,245,000→ $0
Other Liabilities$218,326$218,326→ $0
Total Liabilities$8,463,326$8,463,326→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$622,345$634,138▲ $11,793
Total Net Assets Fund Balance$622,345$634,138▲ $11,793
Total Liabilities and Net Assets / Fund Balance$9,085,671$9,097,464▲ $11,793

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$98,949--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Kathryn BuekerPresident
Douglas ChopeClerk
Mary Elisabeth SwerzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$230,145
Other Revenue
$5,945
Change in Net Assets
$11,793

Audited Revenue Reconciliation

Revenue per Audited Statements
$236,090
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$236,090
Total Revenue per Form 990
$236,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,297
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
Interest$193,519--$193,519
Depreciation Depletion$10,424--$10,424
Fees for Services Accounting-$10,286-$10,286
Fees for Services Other-$10,000-$10,000
Other Expenses-$68-$68
Total Functional Expenses$203,943$20,354$0$224,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$224,297
Total Expenses per Audited Statements$224,297
Total Expenses per Form 990$224,297
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Related Parties$218,326
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11

“The form 990 is presented to the board of trustees for review and comment prior to filing.”

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

“The board of trustees annually review the conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“Excel academy east boston realty corporation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Excel Academy East Boston Realty
EIN
27-4272913
Phone
6178744096
Address
58 MOORE STREET, EAST BOSTON, MA 02128

Signing Officer

Name
Mary Elisabeth Swerz
Title
Board Treasurer
Phone
6175611371
Signed
2016-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Elisabeth Swerz
Formed
2011
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer
John Buckley CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board of trustees oversees the audit of the financial statements. This process has not changed in 2015.”

Financial Statement Notes

PART X, LINE 2:

“The company accounts for uncertainty in income taxes in accordance with asc topic income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statement regarding a tax position taken or expected to be taken in a tax return. The company has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at december 31, 2015. The company's information returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.”

Raw XML Appendix367 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXCEL ACADEMY EAST BOSTON REALTY CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED IN 2015.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EAST BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002128
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt08245000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1218326
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FRIENDS OF EXCEL ACADEMY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1FRIENDS OF EXCEL ACADEMY INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09085671
IRS990/TotalAssetsEOYAmt09097464
IRS990/TotalAssetsGrp/BOYAmt09085671
IRS990/TotalAssetsGrp/EOYAmt09097464
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020354
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224297
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08463326
IRS990/TotalLiabilitiesEOYAmt08463326
IRS990/TotalLiabilitiesGrp/BOYAmt08463326
IRS990/TotalLiabilitiesGrp/EOYAmt08463326
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0622345
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0634138
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0203943
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0230145
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05945
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236090
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09085671
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09097464
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0622345
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0634138
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt058 MOORE STREET
IRS990/USAddress/CityNm0EAST BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002128
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY ELISABETH SWERZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06175611371
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXCEL ACADEMY EAST BOSTON REALTY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0EXCE
ReturnHeader/Filer/EIN0274272913
ReturnHeader/Filer/PhoneNum06178744096
ReturnHeader/Filer/USAddress/AddressLine1Txt058 MOORE STREET
ReturnHeader/Filer/USAddress/CityNm0EAST BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002128
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER ARONSON FINNING & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 EAST MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN BUCKLEY CPA
ReturnHeader/ReturnTs02016-05-05T13:20:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,097,464
Liabilities
$8,463,326
Net assets
$634,138
Revenue
$236,090
Expenses
$224,297
Net income
$11,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.18$0.19$0.01
2017Detailed filing. Detailed filing data is available for this year.$9.00$8.35$0.66$0.24$0.23$0.01
2016Detailed filing. Detailed filing data is available for this year.$9.12$8.48$0.65$0.24$0.22$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.10$8.46$0.63$0.24$0.22$0.01
2014Detailed filing. Detailed filing data is available for this year.$9.09$8.46$0.62$0.23$0.22$0.01
2013Detailed filing. Detailed filing data is available for this year.$9.19$8.57$0.62$0.23$0.22$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.76$9.14$0.62$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.41$8.77$0.64$0.00