Civic Intelligence

Merrimac Heights Academy Inc.

990 • Fiscal year 2016 • EIN 36-4760914

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 15, 2016

Organization Profilemerrimacheightsacademy.org

View Organization Page

100-102 W Main StreetMerrimac, MA 01860

(978) 223-5258

Siviq Scores

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

Liabilities / Assets

89th percentile

0.85x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

2.73x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

92nd percentile

48%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

100th percentile

1197%

Faster asset growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

234%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$1,238,343

Up $1,142,838 (+1197%) from 2015

Net Assets

Up

$179,791

Up $186,295 (+2864%) from 2015

Liabilities

Up

$1,058,552

Up $956,543 (+938%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin92nd percentile

Revenue

Up

$387,350

Up $271,353 (+234%) from 2015

Expenses

Up

$200,961

Up $76,694 (+62%) from 2015

Net Income

Up

$186,389

Up $194,659 (+2354%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $75,375Liabilities 2014: $73,609Net Assets 2014: $1,7662014Assets 2015: $95,505Liabilities 2015: $102,009Net Assets 2015: -$6,5042015Assets 2016: $1,238,343Liabilities 2016: $1,058,552Net Assets 2016: $179,7912016Assets 2017: $1,170,394Liabilities 2017: $1,034,552Net Assets 2017: $135,8422017Assets 2018: $1,112,960Liabilities 2018: $977,616Net Assets 2018: $135,3442018Assets 2019: $1,268,200Liabilities 2019: $929,507Net Assets 2019: $338,6932019Assets 2020: $1,378,047Liabilities 2020: $989,182Net Assets 2020: $388,8652020Assets 2021: $1,434,200Liabilities 2021: $919,156Net Assets 2021: $515,0442021Assets 2022: $1,780,648Liabilities 2022: $892,587Net Assets 2022: $888,0612022Assets 2023: $2,209,442Liabilities 2023: $913,176Net Assets 2023: $1,296,2662023Assets 2024: $2,954,934Liabilities 2024: $1,065,463Net Assets 2024: $1,889,4712024Assets 2025: $3,624,009Liabilities 2025: $1,057,712Net Assets 2025: $2,566,2972025

Highlighted filing

2016

Assets$1,238,343
Liabilities$1,058,552
Net Assets$179,791
Open 2016 Filing

Operations Trend

Revenue Growth97th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $41,809Expenses 2014: $40,043Net Income 2014: $1,7662014Revenue 2015: $115,997Expenses 2015: $124,267Net Income 2015: -$8,2702015Revenue 2016: $387,350Expenses 2016: $200,961Net Income 2016: $186,3892016Revenue 2017: $461,366Expenses 2017: $491,721Net Income 2017: -$30,3552017Revenue 2018: $721,903Expenses 2018: $722,399Net Income 2018: -$4962018Revenue 2019: $1,037,475Expenses 2019: $834,126Net Income 2019: $203,3492019Revenue 2020: $1,013,853Expenses 2020: $963,681Net Income 2020: $50,1722020Revenue 2021: $794,487Expenses 2021: $925,189Net Income 2021: -$130,7022021Revenue 2022: $1,466,182Expenses 2022: $1,092,640Net Income 2022: $373,5422022Revenue 2023: $1,719,030Expenses 2023: $1,312,830Net Income 2023: $406,2002023Revenue 2024: $2,238,749Expenses 2024: $1,689,345Net Income 2024: $549,4042024Revenue 2025: $2,414,967Expenses 2025: $1,788,929Net Income 2025: $626,0382025

Highlighted filing

2016

Revenue$387,350
Expenses$200,961
Net Income$186,389
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 15, 2016
Return Version
2015v2.1
Gross Receipts
$387,350
Mission and Program Overview

Mission

Assisting youth ages 14-21 with complex language, learning & cognitive disabilities, who are unable to access traditional high school curriculums achieve their maximum potential.

School To provide secondary and post-secondary education including career-technical training; to ensure successful transition into employment; to increase propensity for global independence; to decrease juvenile delinquency and drop out

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$66,750$1,114,200▲ $1,047,450
Loans From Officers Directors$100,109$110,109▲ $10,000
Cash and Non-Interest-Bearing Accounts$28,755$104,334▲ $75,579
Accounts Receivable-$19,809-
Total Assets$95,505$1,238,343▲ $1,142,838
Liabilities
Mortgage Notes Payable Secured by Investment Property-$843,606-
Other Liabilities-$54,883-
Deferred Revenue-$37,571-
Accounts Payable and Accrued Expenses$1,994$12,383▲ $10,389
Total Liabilities$102,103$1,058,552▲ $956,449
Net Assets / Fund Balance
Unrestricted Net Assets$-6,598$179,791▲ $186,389
Total Net Assets Fund Balance$-6,598$179,791▲ $186,389
Total Liabilities and Net Assets / Fund Balance$95,505$1,238,343▲ $1,142,838

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$804,190$6,060-
Other Land Buildings$20,260$460-
Land$289,750--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Nonenone
Revenue and Support

Revenue Composition

Contributions and Grants
$150,000
Program Service Revenue
$237,341
Investment Income
$9
Other Revenue
$0
All Other Contributions
$150,000
Change in Net Assets
$186,389

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$150,000Fair Market Value (FMV)
Total Noncash Contributions1$150,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,780
Salaries, Compensation, and Employee Benefits$100,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,254$0$0$90,254
Occupancy$42,823$4,759$0$47,582
Fees for Services Legal$18,112$0$0$18,112
Interest$10,283$0$0$10,283
Payroll Taxes$9,927$0$0$9,927
Insurance$7,309$0$0$7,309
Depreciation Depletion$6,520$0$0$6,520
Other Expenses$1,637$2,366$0$4,003
Fees for Services Management$2,810$0$0$2,810
Fees for Services Accounting$1,500$0$0$1,500
Office Expenses$1,452$0$0$1,452
Travel$292$0$0$292
Information Technology$96$0$0$96
Total Functional Expenses$193,355$7,606$0$200,961
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$100,109$110,109▲ $10,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$50,000
Payroll Liabilities$4,883
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Merrimac Heights Academy Inc
EIN
36-4760914
Phone
9782235258
Address
100-102 W Main Street, Merrimac, MA 01860

Signing Officer

Name
Lygia Soares
Title
President
Phone
9782235258
Signed
2016-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lygia Soares
Formed
2013
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
13
Volunteers
0

Preparer

Firm
Jeffrey C Kirpas and Co Pc
Address
21 PLEASANT ST STE 248, NEWBURYPORT, MA 01950-2623
Preparer
Jeffrey C Kirpas
Phone
9784627250
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

“documented”

Pt VI, Line 8B

“documented”

Pt VI, Line 11B

“documented”

Pt VI, Line 15A

“documented”

Pt VI, Line 18

“Guidestar”

Form 990EZ, Part I, Line 16

“Bank Charges”

Form 990EZ, Part I, Line 16

“Filing Fees”

Form 990EZ, Part I, Line 16

“Supplies”

Form 990EZ, Part I, Line 16

“Postage”

Form 990EZ, Part I, Line 16

“Dues & Memberships”

Form 990EZ, Part I, Line 16

“Insurance”

Form 990EZ, Part I, Line 16

“Interest Expense”

Form 990EZ, Part II, Line 24

“School 47500.”

Form 990EZ, Part II, Line 24

“Escrowed for Building Purchase 19250.”

Form 990EZ, Part II, Line 26

“Accounts Payable 0.”

Form 990EZ, Part II, Line 26

“Due to Executive Director 100109.”

Form 990EZ, Part II, Line 26

“Payroll Liabilities 1885.”

Form 990EZ, Part II, Line 26

“Credit Card 15.”

Raw XML Appendix398 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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0110109
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start Up
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt070031
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LYGIA SOARES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0110109
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0150000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Guidestar
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Charges
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Filing Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Supplies
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Dues & Memberships
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Insurance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Interest Expense
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12School 47500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Escrowed for Building Purchase 19250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Accounts Payable 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Due to Executive Director 100109.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Payroll Liabilities 1885.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Credit Card 15.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 26
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt095505
IRS990/TotalAssetsEOYAmt01238343
IRS990/TotalAssetsGrp/BOYAmt095505
IRS990/TotalAssetsGrp/EOYAmt01238343
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0150000
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07606
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193355
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200961
IRS990/TotalGrossUBIAmt09
IRS990/TotalLiabilitiesBOYAmt0102103
IRS990/TotalLiabilitiesEOYAmt01058552
IRS990/TotalLiabilitiesGrp/BOYAmt0102103
IRS990/TotalLiabilitiesGrp/EOYAmt01058552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-6598
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0179791
IRS990/TotalProgramServiceExpensesAmt0193355
IRS990/TotalProgramServiceRevenueAmt0237341
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0237341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0387350
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt09
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt095505
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01238343
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0292
IRS990/TravelGrp/TotalAmt0292
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-6598
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0179791
IRS990/USAddress/AddressLine1Txt014 Boyd Drive
IRS990/USAddress/CityNm0Newburyport
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001950
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://merrimacheightsacademy.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYGIA SOARES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09782235258
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Merrimac Heights Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0MERR
ReturnHeader/Filer/EIN0364760914
ReturnHeader/Filer/PhoneNum09782235258
ReturnHeader/Filer/USAddress/AddressLine1Txt0100-102 W Main Street
ReturnHeader/Filer/USAddress/CityNm0Merrimac
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001860
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JEFFREY C KIRPAS AND CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 PLEASANT ST STE 248
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBURYPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0019502623
ReturnHeader/PreparerPersonGrp/PhoneNum09784627250
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY C KIRPAS
ReturnHeader/ReturnTs02016-11-04T07:50:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,238,343
Liabilities
$1,058,552
Net assets
$179,791
Revenue
$387,350
Expenses
$200,961
Net income
$186,389
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.62$1.06$2.57$2.41$1.79$0.63
2024Detailed filing. Detailed filing data is available for this year.$2.95$1.07$1.89$2.24$1.69$0.55
2023Detailed filing. Detailed filing data is available for this year.$2.21$0.91$1.30$1.72$1.31$0.41
2022Detailed filing. Detailed filing data is available for this year.$1.78$0.89$0.89$1.47$1.09$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.92$0.52$0.79$0.93$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.38$0.99$0.39$1.01$0.96$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.27$0.93$0.34$1.04$0.83$0.20
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.98$0.14$0.72$0.72$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.17$1.03$0.14$0.46$0.49$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.24$1.06$0.18$0.39$0.20$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.10$0.10$0.01$0.12$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.07$0.00$0.04$0.04$0.00