Civic Intelligence

Bay State Reading Institute Inc

990 • Fiscal year 2015 • EIN 32-0161930

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

114 Jennings RoadHolliston, MA 01746

(978) 281-5004

Siviq Scores

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

Liabilities / Assets

57th percentile

0.16x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

78th percentile

$126,333

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

60th percentile

3.5%

Faster asset growth than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,205,124

Up $40,981 (+3.5%) from 2014

Net Assets

Down

$1,011,881

Down $22,976 (-2.2%) from 2014

Liabilities

Up

$193,243

Up $63,957 (+49%) from 2014

Revenue

Down

$2,157,916

Down $521,440 (-19%) from 2014

Expenses

Down

$2,378,249

Down $277,622 (-10%) from 2014

Net Income

Down

-$220,333

Down $243,818 (-1038%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,074,268Liabilities 2010: $114,520Net Assets 2010: $959,7482010Assets 2011: $1,296,101Liabilities 2011: $91,885Net Assets 2011: $1,204,2162011Assets 2012: $1,108,976Liabilities 2012: $11,981Net Assets 2012: $1,096,9952012Assets 2013: $1,042,227Liabilities 2013: $30,856Net Assets 2013: $1,011,3712013Assets 2014: $1,164,143Liabilities 2014: $129,286Net Assets 2014: $1,034,8572014Assets 2015: $1,205,124Liabilities 2015: $193,243Net Assets 2015: $1,011,8812015Assets 2016: $1,035,351Liabilities 2016: $190,989Net Assets 2016: $844,3622016Assets 2017: $890,605Liabilities 2017: $150,892Net Assets 2017: $739,7132017Assets 2018: $676,567Liabilities 2018: $141,867Net Assets 2018: $534,7002018Assets 2019: $310,458Liabilities 2019: $67,648Net Assets 2019: $242,8102019Assets 2020: $724,494Liabilities 2020: $164,068Net Assets 2020: $560,4262020Assets 2021: $621,956Liabilities 2021: $19,765Net Assets 2021: $602,1912021

Highlighted filing

2015

Assets$1,205,124
Liabilities$193,243
Net Assets$1,011,881

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,460,2912010Expenses 2011: $2,383,6592011Expenses 2012: $2,937,1292012Expenses 2013: $2,673,2872013Revenue 2014: $2,679,356Expenses 2014: $2,655,871Net Income 2014: $23,4852014Revenue 2015: $2,157,916Expenses 2015: $2,378,249Net Income 2015: -$220,3332015Revenue 2016: $1,907,360Expenses 2016: $2,036,463Net Income 2016: -$129,1032016Revenue 2017: $1,422,356Expenses 2017: $1,655,345Net Income 2017: -$232,9892017Revenue 2018: $1,306,129Expenses 2018: $1,435,795Net Income 2018: -$129,6662018Revenue 2019: $976,035Expenses 2019: $1,126,746Net Income 2019: -$150,7112019Revenue 2020: $1,200,712Expenses 2020: $883,096Net Income 2020: $317,6162020Revenue 2021: $603,894Expenses 2021: $562,129Net Income 2021: $41,7652021

Highlighted filing

2015

Revenue$2,157,916
Expenses$2,378,249
Net Income-$220,333
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$2,157,916
Mission and Program Overview

Mission

To provide reading and principal coaching and professional development in kindergarten through sixth grade for schools in massachusetts.

To provide reading and principle coaching and professional development in kindergarten through six grades schools in massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$361,971$648,771▲ $286,800
Cash and Non-Interest-Bearing Accounts$788,152$549,590▼ $238,562
Prepaid Expenses and Deferred Charges$10,591$4,037▼ $6,554
Land, Buildings, and Equipment, Net$3,429$2,726▼ $703
Total Assets$1,164,143$1,205,124▲ $40,981
Liabilities
Accounts Payable and Accrued Expenses$128,620$120,138▼ $8,482
Deferred Revenue-$66,620-
Other Liabilities$666$6,485▲ $5,819
Total Liabilities$129,286$193,243▲ $63,957
Net Assets / Fund Balance
Unrestricted Net Assets$1,034,857$814,524▼ $220,333
Temporarily Rstr Net Assets-$197,357-
Total Net Assets Fund Balance$1,034,857$1,011,881▼ $22,976
Total Liabilities and Net Assets / Fund Balance$1,164,143$1,205,124▲ $40,981

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,726$703-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kelly AllyReading CoachFT$126,333$126,333
Edward MoscovitchPresidentFT$125,190$125,190
Ben ScherzCoachFT$101,357$101,357
Ruhe BrittOfficerFT$70,413$70,413
Barbara GardnerExecutive DirectorFT$45,002$45,002

Highest Paid Contractors

ContractorServicesLocationCompensation
Kelly AllyReading Coach156 N ROAD, Chelmsford, MA 01824$126,333
Ed MoscovitchConsulting/mgmt40 RIVER ROAD, Gloucester, MA 01930$125,190
Revenue and Support

Revenue Composition

Contributions and Grants
$1,130,657
Program Service Revenue
$1,027,259
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,130,657
Change in Net Assets
$-220,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,157,916
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,157,916
Total Revenue per Form 990
$2,157,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,877,980
Salaries, Compensation, and Employee Benefits$500,269
Total Fundraising Expense$20,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$147,832$320,463-$468,295
Other Expenses$377,545$138,799-$138,799
All Other Expenses$66,036$69,389-$135,425
Travel$34,990--$34,990
Advertising-$31,888-$31,888
Fees for Services Accounting-$24,500-$24,500
Fees for Services Other-$929$20,176$21,105
Payroll Taxes-$18,858-$18,858
Other Employee Benefits-$13,116-$13,116
Conferences and Meetings-$6,995-$6,995
Insurance-$1,230-$1,230
Depreciation Depletion-$703-$703
Office Expenses-$-3,496-$-3,496
Total Functional Expenses$1,734,699$623,374$20,176$2,378,249

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,378,249
Total Expenses per Audited Statements$2,378,249
Total Expenses per Form 990$2,378,249
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
Payroll Taxes Payable$6,485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Part vi, line 11a: b: the board of directors review the form 990 usually after it is filed at their annual meeting.

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

Part vi, line 12c: the conflict of interest policy is reviewed annually or whenever a new contract staff member is hired.

Form 990, Part VI, Section B, Line 15

Part vi, line 15a: the executive director's salary is determined by the board and there are independent members on the board. Part vi, line 15b: the key employees' salary is determined by the executive director and voted on by the board which includes independent members.

Form 990, Part VI, Section C, Line 19

Documents are available by contacting office or one of the officers

Filing and Contact Details

Filer

Filer Name
Bay State Reading Institute Inc
EIN
32-0161930
Phone
9782815004
Address
114 JENNINGS ROAD, HOLLISTON, MA 01746

Signing Officer

Name
Elizabeth Ruccio
Title
Executive Director
Phone
9782815004
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Britt Ruhe
Formed
2005
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
6
Employees
3
Volunteers
0

Preparer

Firm
Green & Massimino LLC
Address
68 TADMUCK RD STE 5, WESTFORD, MA 01886
Preparer
Marybeth Massimino
Phone
9784961812
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

The meeting minutes were recorded, submitted to the board and filed

Pt VI, Line 11A

The board of directors review the form 990 usually after it is filed at their annual meeting

Pt VI, Line 12C

The conflict of interest policy is reviewed annually or whenever a new contract staff member is hired

Pt VI, Line 15A

The executive directors salary is determined by the board and there are independent members on the board.

Pt VI, Line 15B

The key employees salary is determined by exec. Director and voted on by the board which includes independent members.

Raw XML Appendix381 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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012882970
IRS990ScheduleA/TotalSupportAmt012882970
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02726
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0703
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03429
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02378249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02157916
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02726
IRS990ScheduleD/TotalExpensesPerForm990Amt02378249
IRS990ScheduleD/TotalLiabilityAmt06485
IRS990ScheduleD/TotalRevenuePerForm990Amt02157916
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02157916
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02378249
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI, LINE 11A: B: THE BOARD OF DIRECTORS REVIEW THE FORM 990 USUALLY AFTER IT IS FILED AT THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PART VI, LINE 12C: THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY OR WHENEVER A NEW CONTRACT STAFF MEMBER IS HIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART VI, LINE 15A: THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD AND THERE ARE INDEPENDENT MEMBERS ON THE BOARD. PART VI, LINE 15B: THE KEY EMPLOYEES' SALARY IS DETERMINED BY THE EXECUTIVE DIRECTOR AND VOTED ON BY THE BOARD WHICH INCLUDES INDEPENDENT MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE BY CONTACTING OFFICE OR ONE OF THE OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEETING MINUTES WERE RECORDED, SUBMITTED TO THE BOARD AND FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEW THE FORM 990 USUALLY AFTER IT IS FILED AT THEIR ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY OR WHENEVER A NEW CONTRACT STAFF MEMBER IS HIRED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EXECUTIVE DIRECTORS SALARY IS DETERMINED BY THE BOARD AND THERE ARE INDEPENDENT MEMBERS ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE KEY EMPLOYEES SALARY IS DETERMINED BY EXEC. DIRECTOR AND VOTED ON BY THE BOARD WHICH INCLUDES INDEPENDENT MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PT VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PT VI, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PT VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PT VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PT VI, LINE 15B
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0197357
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01164143
IRS990/TotalAssetsEOYAmt01205124
IRS990/TotalAssetsGrp/BOYAmt01164143
IRS990/TotalAssetsGrp/EOYAmt01205124
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01130657
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020176
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0623374
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01734699
IRS990/TotalFunctionalExpensesGrp/TotalAmt02378249
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0129286
IRS990/TotalLiabilitiesEOYAmt0193243
IRS990/TotalLiabilitiesGrp/BOYAmt0129286
IRS990/TotalLiabilitiesGrp/EOYAmt0193243
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01034857
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01011881
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01734699
IRS990/TotalProgramServiceRevenueAmt01027259
IRS990/TotalReportableCompFromOrgAmt0468295
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01027259
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02157916
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01164143
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01205124
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt034990
IRS990/TravelGrp/TotalAmt034990
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01034857
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0814524
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0114 JENNINGS ROAD
IRS990/USAddress/CityNm0HOLLISTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001746
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0BAYSTATEREADING.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH RUCCIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09782815004
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAY STATE READING INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0BAYS
ReturnHeader/Filer/EIN0320161930
ReturnHeader/Filer/PhoneNum09782815004
ReturnHeader/Filer/USAddress/AddressLine1Txt0114 JENNINGS ROAD
ReturnHeader/Filer/USAddress/CityNm0HOLLISTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001746
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462821982
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN & MASSIMINO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt068 TADMUCK RD STE 5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001886
ReturnHeader/PreparerPersonGrp/PhoneNum09784961812
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARYBETH MASSIMINO
ReturnHeader/ReturnTs02016-05-14T14:28:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.02$0.60$0.60$0.56$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.16$0.56$1.20$0.88$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.07$0.24$0.98$1.13$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.14$0.53$1.31$1.44$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.15$0.74$1.42$1.66$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.19$0.84$1.91$2.04$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.19$1.01$2.16$2.38$0.22
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.13$1.03$2.68$2.66$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.03$1.01$2.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.01$1.10$2.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.09$1.20$2.38
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.11$0.96$1.46
Peer Organizations

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