Civic Intelligence

Charter School Support Services Inc

EIN 27-5410664 • 501(c)3 • Framingham, MA

Profile

To provide local boards and school leaders with services that support the achievement of their academic, financial, and organizational goals.

1661 Worcester Road No 204Framingham, MA 01701

www.csssinc.org

Siviq Scores

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

Liabilities / Assets

91st percentile

0.94x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

8.44x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

57th percentile

7.4%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-0.5%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$46,564,386

Up $3,201,073 (+7.4%) from 2015

Liabilities

Up

$43,695,041

Up $3,019,696 (+7.4%) from 2015

Net Assets

Up

$2,869,345

Up $181,377 (+6.7%) from 2015

Revenue

Down

$5,177,196

Down $23,902 (-0.5%) from 2015

Expenses

Up

$4,995,819

Up $292,398 (+6.2%) from 2015

Net Income

Down

$181,377

Down $316,300 (-64%) from 2015

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2013: $14,054,263Liabilities 2013: $13,256,553Net Assets 2013: $797,7102013Assets 2015: $43,363,313Liabilities 2015: $40,675,345Net Assets 2015: $2,687,9682015Assets 2016: $46,564,386Liabilities 2016: $43,695,041Net Assets 2016: $2,869,3452016

Highlighted filing

2016

Assets$46,564,386
Liabilities$43,695,041
Net Assets$2,869,345

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2013: $1,139,4162013Revenue 2015: $5,201,098Expenses 2015: $4,703,421Net Income 2015: $497,6772015Revenue 2016: $5,177,196Expenses 2016: $4,995,819Net Income 2016: $181,3772016

Highlighted filing

2016

Revenue$5,177,196
Expenses$4,995,819
Net Income$181,377

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 20, 2016
Return Version
2015v2.1
Gross Receipts
$5,177,196
Mission and Program Overview

Mission

To provide local boards and school leaders with services that support the achievement of their academic, financial, and organizational goals.

To provide public charter schools and school leaders with services that support their goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$34,451,846$34,469,895▲ $18,049
Savings and Temporary Cash Investments$4,036,774$3,093,065▼ $943,709
Cash and Non-Interest-Bearing Accounts$2,583,587$2,611,314▲ $27,727
Land, Buildings, and Equipment, Net$450,756$2,344,304▲ $1,893,548
Accounts Receivable$112,434$193,605▲ $81,171
Prepaid Expenses and Deferred Charges$23,278$82,964▲ $59,686
Total Assets$43,363,313$46,564,386▲ $3,201,073
Other Assets Total$1,704,638$3,769,239▲ $2,064,601
Liabilities
Tax Exempt Bond Liabilities$37,255,000$37,255,000→ $0
Mortgage Notes Payable Secured by Investment Property$448,970$2,849,870▲ $2,400,900
Accounts Payable and Accrued Expenses$1,451,375$1,938,731▲ $487,356
Unsecured Notes Loans Payable$1,000,000$1,250,000▲ $250,000
Other Liabilities$520,000$361,815▼ $158,185
Deferred Revenue-$39,625-
Total Liabilities$40,675,345$43,695,041▲ $3,019,696
Net Assets / Fund Balance
Unrestricted Net Assets$2,687,968$2,869,345▲ $181,377
Total Net Assets Fund Balance$2,687,968$2,869,345▲ $181,377
Total Liabilities and Net Assets / Fund Balance$43,363,313$46,564,386▲ $3,201,073

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,417,702$13,200$1,430,902
Leasehold Improvements$819,158$246,902$1,066,060
Land$99,000-$99,000
Equipment$8,444$4,949$13,393
Investment Program Related Org$34,469,895--
Other Assets Org$1,069,694--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel ScharferFormer VP of FinanceFT$131,672$1,393$133,065
Michael RonanFormer President (resigned Fy16)FT$92,053-$92,053
Lisa ClaySecretary / Director of Marketing & ResearchPT$45,935-$45,935
David FeinbergPresident and CEOFT$43,177$1,731$44,908

Board Members and Trustees

NameTitle
Edward Mahaney-walterChair
Andrew TorreDirector
Annie KingDirector
John KuhnenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,141,971
Investment Income
$0
Other Revenue
$35,225
Change in Net Assets
$181,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,220,437
Salaries, Compensation, and Employee Benefits$775,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,709,372--$2,709,372
Occupancy$516,219$45,184-$561,403
Other Salaries and Wages$362,638$57,997-$420,635
Depreciation Depletion$263,225$1,836-$265,061
Current Officers, Directors, Trustees, and Key Employees$173,171$69,404-$242,575
Fees for Services Other$87,302$9,675-$96,977
Fees for Services Legal-$67,505-$67,505
Payroll Taxes$49,212$11,544-$60,756
Other Employee Benefits$41,960$9,456-$51,416
Office Expenses$10,386$20,670-$31,056
Travel$19,521$8,366-$27,887
All Other Expenses$14,267$13,459-$27,726
Fees for Services Accounting-$24,775-$24,775
Other Expenses$24,100$27,613-$24,100
Fees for Services Management$3,000--$3,000
Advertising-$2,120-$2,120
Total Functional Expenses$4,626,215$369,604$0$4,995,819
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
Capital Lease Liability$251,815
Bonds Payable$110,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIndiana Finance Authority2013-08-28$20,265,000Financing the construction of real property for use of public charter school
AIndiana Finance Authority2013-08-28$16,990,000Financing the construction of real property for use of public charter school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$20,265,000--$401,247
A$16,990,000--$336,402

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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 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
Yes
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 prepared by the external auditors and reviewed by management. Revisions, corrections, etc. Are made as necessary. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. A review of the 990 is conducted at a board of directors meeting prior to filing with the irs.

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

The organization requires the board of directors to complete on an annual basis the conflict of interest form. The policy calls for full disclosure within 48 hours in the event of a conflict of interest and an evaluation is done by the president. No action is done without a vote by the full board which could include resignation or removal from the board.

Form 990, Part VI, Section B, Line 15

Annually the board of directors, absent the ceo, conducts a performance review and evaluation of the ceo. The review also establishes the individual's compensation for the following year. The board's deliberation and decision is noted in the minutes of the meeting. The compensation of other officers and key employees is established by the ceo and is available for review by the board.

Form 990, Part VI, Section C, Line 19

The organization's articles of incorporation are available at the secretary of state's office and on the commonwealth of massachusetts attorney general's website. The annual financial statements are included in the annual filing with the commonwealth of massachusetts attorney general and are available for public inspection on the attorney general's website. The organization's by-laws are also available for public inspection on the attorney general's website.

Filing and Contact Details

Filer

Filer Name
Charter School Support Services Inc
EIN
27-5410664
Phone
5086260904
Address
1661 WORCESTER ROAD NO 204, FRAMINGHAM, MA 01701

Signing Officer

Name
David Feinberg
Title
President and CEO
Phone
5086260904
Signed
2016-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Feinberg
Formed
2011
Legal Domicile
De
Voting Board Members
6
Independent Board Members
4
Employees
14
Volunteers
4

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 finance committee assumes responsibility for the oversight of the audit and selection of the independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization 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 consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at june 30, 2016.

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IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc3REAL ESTATE REIMBURSEM
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3543404
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0495000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYRevenuesLessExpensesAmt0497677
IRS990/PYSalariesCompEmpBnftPaidAmt0877851
IRS990/PYTotalExpensesAmt04703421
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05201098
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0181377
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt05141971
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04036774
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03093065
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0495000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01364999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0800798
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02660797
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0244
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0244
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05141971
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04680547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03757724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01136084
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014716326
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0244
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0244
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt068357
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt017377123
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05122723
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IRS990ScheduleA/Total509Grp/TotalAmt017377123
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05130304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01937370
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017445968
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt013200
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01430902
IRS990ScheduleD/EquipmentGrp/BookValueAmt08444
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04949
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013393
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0DIRECT FINANCING LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt099000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0819158
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0246902
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01066060
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02699545
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11069694
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND FINANCING FEES, NET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1251815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION 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 CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt03769239
IRS990ScheduleD/TotalBookValueProgramRltdAmt034469895
IRS990ScheduleD/TotalLiabilityAmt0361815
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-08-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12013-08-28
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1351602316
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt120265000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0INDIANA FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1INDIANA FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FINANCING THE CONSTRUCTION OF REAL PROPERTY FOR USE OF PUBLIC CHARTER SCHOOL
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1FINANCING THE CONSTRUCTION OF REAL PROPERTY FOR USE OF PUBLIC CHARTER SCHOOL

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