Civic Intelligence

Fiddlehead School

990 • Fiscal year 2021 • EIN 46-2313240

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

PO Box 1689Gray, ME 04039

(207) 657-2244

Siviq Scores

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

Liabilities / Assets

89th percentile

0.68x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.78x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

48th percentile

11%

Higher net margin than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$78,471

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

98th percentile

257%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

24%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,450,740

Up $1,764,660 (+257%) from 2020

Net Assets

Up

$790,010

Up $238,228 (+43%) from 2020

Liabilities

Up

$1,660,730

Up $1,526,432 (+1137%) from 2020

Revenue

Up

$2,123,993

Up $410,232 (+24%) from 2020

Expenses

Up

$1,886,515

Up $310,916 (+20%) from 2020

Net Income

Up

$237,478

Up $99,316 (+72%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $91,020Liabilities 2014: $108,412Net Assets 2014: -$17,3922014Assets 2015: $51,497Liabilities 2015: $66,525Net Assets 2015: -$15,0282015Assets 2016: $177,814Liabilities 2016: $96,678Net Assets 2016: $81,1362016Assets 2017: $285,687Liabilities 2017: $75,710Net Assets 2017: $209,9772017Assets 2018: $389,324Liabilities 2018: $121,363Net Assets 2018: $267,9612018Assets 2019: $546,019Liabilities 2019: $132,399Net Assets 2019: $413,6202019Assets 2020: $686,080Liabilities 2020: $134,298Net Assets 2020: $551,7822020Assets 2021: $2,450,740Liabilities 2021: $1,660,730Net Assets 2021: $790,0102021Assets 2022: $2,457,072Liabilities 2022: $1,678,679Net Assets 2022: $778,3932022Assets 2023: $2,159,448Liabilities 2023: $1,662,578Net Assets 2023: $496,8702023Assets 2024: $2,177,404Liabilities 2024: $1,624,311Net Assets 2024: $553,0932024

Highlighted filing

2021

Assets$2,450,740
Liabilities$1,660,730
Net Assets$790,010

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $404,016Expenses 2014: $414,995Net Income 2014: -$10,9792014Revenue 2015: $755,494Expenses 2015: $753,130Net Income 2015: $2,3642015Revenue 2016: $1,019,836Expenses 2016: $917,440Net Income 2016: $102,3962016Revenue 2017: $1,383,560Expenses 2017: $1,254,719Net Income 2017: $128,8412017Revenue 2018: $1,443,878Expenses 2018: $1,365,219Net Income 2018: $78,6592018Revenue 2019: $1,578,855Expenses 2019: $1,433,196Net Income 2019: $145,6592019Revenue 2020: $1,713,761Expenses 2020: $1,575,599Net Income 2020: $138,1622020Revenue 2021: $2,123,993Expenses 2021: $1,886,515Net Income 2021: $237,4782021Revenue 2022: $2,410,789Expenses 2022: $2,422,406Net Income 2022: -$11,6172022Revenue 2023: $2,461,884Expenses 2023: $2,743,407Net Income 2023: -$281,5232023Revenue 2024: $2,659,825Expenses 2024: $2,603,602Net Income 2024: $56,2232024

Highlighted filing

2021

Revenue$2,123,993
Expenses$1,886,515
Net Income$237,478
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.0
Gross Receipts
$2,123,993
Mission and Program Overview

Mission

To facilitate learning through an interdisciplinary approach to the arts and sciences in a safe, creative, fun, and loving environment.

To facilitate learning through an interdisciplinary approach to the arts and sciences in a safe, creative, fund and loving environment. What we strive for at fiddlehead school of arts and sciences is committed to the growth and development of the whole child - socially, emotionally, physically, academically, intellectually, and artistically. The goal of a fiddlehead education is for students to build a toolbox of habits, skills, and wonderings to drive a lifelong love of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$48,635$1,682,814▲ $1,634,179
Savings and Temporary Cash Investments$332,621$757,519▲ $424,898
Cash and Non-Interest-Bearing Accounts$257,744--
Pledges and Grants Receivable$19,307$9,315▼ $9,992
Prepaid Expenses and Deferred Charges$291--
Total Assets$686,080$2,450,740▲ $1,764,660
Other Assets Total$27,482$1,092▼ $26,390
Liabilities
Mortgage Notes Payable Secured by Investment Property$29,115$1,523,425▲ $1,494,310
Accounts Payable and Accrued Expenses$104,075$136,213▲ $32,138
Escrow Account Liability$1,108$1,092▼ $16
Total Liabilities$134,298$1,660,730▲ $1,526,432
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$551,782$790,010▲ $238,228
Total Net Assets Fund Balance$551,782$790,010▲ $238,228
Total Liabilities and Net Assets / Fund Balance$686,080$2,450,740▲ $1,764,660

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,626,445$34,810$1,661,255
Equipment$56,369$74,609$130,978
Leasehold Improvements-$118,820$118,820
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacinda Cotton-castroExecutive DiFT$78,471$78,471

Board Members and Trustees

NameTitle
William DoughtyChair
Carolyn BeemVice Chair
Sally MorrisVice Chair
Joseph MattosBoard Member
Kimberly AllenBoard Member
Susan DoughtyBoard Member
Doug LynchEdu Comm CHA
Ben KramerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$350,171
Program Service Revenue
$1,772,546
Investment Income
$1,276
Other Revenue
$0
All Other Contributions
$11,031
Change in Net Assets
$237,478

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,123,993
Revenue Not Reported on Form 990
$750
Total Revenue per Audited Statements
$2,124,743
Total Revenue per Form 990
$2,123,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,343,716
Other Expenses$542,799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$942,926$207,858-$1,150,784
Occupancy$140,647--$140,647
Payroll Taxes$77,621$20,096-$97,717
Pension Plan Contributions$78,017$17,198-$95,215
Fees for Services Other$68,755$18,855-$87,610
Depreciation Depletion$46,648$11,662-$58,310
Office Expenses$30,096$27,198-$57,294
Information Technology$43,745$3,980-$47,725
Interest-$20,447-$20,447
Insurance$5,708$8,706-$14,414
Other Expenses$11,933$4,474-$11,933
Conferences and Meetings$5,346$3,545-$8,891
Fees for Services Accounting-$7,880-$7,880
Fees for Services Legal-$4,173-$4,173
Advertising-$2,899-$2,899
Total Functional Expenses$1,527,544$358,971$0$1,886,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,886,515
Total Expenses per Audited Statements$1,886,515
Total Expenses per Form 990$1,886,515
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
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, Page 6, Part VI, Line 11B

A copy of the completed draft form 990 is distributed to the board of directors for review and approval prior to filing. The board of directors has the chance to question or request changes to the form. After a final version of the form 990 is distributed to the board, the executive director will cause the form 990 to be filed as required.

Form 990, Page 6, Part VI, Line 12C

Each director, officer, employee, and volunteer shall be provided with and asked to review a copy of the conflict of interest policy (the policy) and to acknowledge in writing that he or she has done so. The policy shall be reviewed annually by the board of directors. Any changes to the policy shall be communicated to all staff and volunteers

Form 990, Page 6, Part VI, Line 15A

At least annually, the board of directors (or a compensation committee) evaluates the executive director on her performance. The executive director's salary is set by board approval and based on comparability studies of similarly situated organizations. The board documents how it reached its decision, including the data on which it relied, in minutes of the meeting during which the compensation was approved.

Form 990, Page 6, Part VI, Line 15B

No other officers or key employees.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fiddlehead School
EIN
46-2313240
Phone
2076572244
Address
PO BOX 1689, GRAY, ME 04039
Doing Business As
Fiddlehead School of Arts & Science

Signing Officer

Name
Jacinda Cotton-castro
Title
Executive Director
Phone
2076572244
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacinda Cotton-castro
Formed
2014
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
57

Preparer

Firm
Runyon Kersteen Ouellette
Address
20 LONG CREEK DR, SOUTH PORTLAND, ME 04106
Preparer
Amy Chasse
Phone
2077732986
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To facilitate learning through an interdisciplinary approach to the arts and sciences in a safe, creative, fund and loving environment. What we strive for at fiddlehead school of arts and sciences is committed to the growth and development of the whole child - socially, emotionally, physically, academically, intellectually, and artistically. The goal of a fiddlehead education is for students to build a toolbox of habits, skills, and wonderings to drive a lifelong love of learning.

Form 990, Page 2, Part III, Line 4A

Fiddlehead schools is a public charter school that opened in fall 2013. It provides education to approximately 189 children from 15 school districts from pre-k through grade 8. The principles of the inspiration of the reggio emilia approach guide teaching and learning at fiddlehead school: the image of the child,children's relationships and interactions within a system, the role of families, the role of space, teachers and children as partners in learning. At fiddlehead, children demonstrate competency in literacy, mathematics, science, visual and performing arts, and a foreign language. Mission of instructional services program: fiddlehead schools is a public charter that provides education from pre-k through grade 8. The principles of the reggio emilia approach guide teaching and learning at fiddlehead school at the early childhood ages from grades pre-k to 2nd grade: in grades 3rd through 5th our approach is more inquiry based; and in the upper grades our approach is project & placed based. Through these instructional approaches, our goal is to develop the whole child/whole student.

Form 990, Page 2, Part III, Line 4D

Other programs: other program services - transportation and other student services

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The school administers certain funds for the parent teacher organization which assists in supporting the school. The funds are reflected as a liability on the school's balance sheet at june 30.

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IRS990/ProgSrvcAccomActy2Grp/Desc0MISSION OF SPECIAL EDUCATION PROGRAM: WITHIN OUR SPECIAL EDUCATION SERVICE THE MISSION OF THIS PROGRAM IS TO MEET THE CHILD WHERE THEY ARE AND PROVIDE AN INDIVIDUAL EDUCATION PLAN THAT AIDS IN A YEARS WORTH OF GROWTH AND DEVELOPMENT BASED ON EACH CHILD'S INDIVIDUAL GOALS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MISSION OF FACILITIES PROGRAM: THE MISSION OF OUR FACILITIES PROGRAM IS TO PROVIDE A SAFE ENVIRONMENT BY WHICH CHILDREN CAN LEARN AND GROW. IT IS IMPORTANT TO KEEP THE FACILITY CLEAN AND UP TO DATE ON MAINTENANCE ANNUALLY BY IDENTIFYING AREAS OF NEED.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS: OTHER PROGRAM SERVICES - TRANSPORTATION AND OTHER STUDENT SERVICES
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IRS990ScheduleD/RevenueSubtotalAmt02123993
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ADMINISTERS CERTAIN FUNDS FOR THE PARENT TEACHER ORGANIZATION WHICH ASSISTS IN SUPPORTING THE SCHOOL. THE FUNDS ARE REFLECTED AS A LIABILITY ON THE SCHOOL'S BALANCE SHEET AT JUNE 30.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL INCLUDES THE FOLLOWING DISCLOSURE IN ALL MEDIA PUBLICATIONS: "FIDDLEHEAD SCHOOL (FSAS) DOES NOT DISCRIMINATE ON ANY BASIS".
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FIDDLEHEAD SCHOOL IS A PUBLIC CHARTER SCHOOL AND DOES NOT ISSUE ANY SORT OF SCHOLARSHIPS NOR OTHER FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FACILITATE LEARNING THROUGH AN INTERDISCIPLINARY APPROACH TO THE ARTS AND SCIENCES IN A SAFE, CREATIVE, FUND AND LOVING ENVIRONMENT. WHAT WE STRIVE FOR AT FIDDLEHEAD SCHOOL OF ARTS AND SCIENCES IS COMMITTED TO THE GROWTH AND DEVELOPMENT OF THE WHOLE CHILD - SOCIALLY, EMOTIONALLY, PHYSICALLY, ACADEMICALLY, INTELLECTUALLY, AND ARTISTICALLY. THE GOAL OF A FIDDLEHEAD EDUCATION IS FOR STUDENTS TO BUILD A TOOLBOX OF HABITS, SKILLS, AND WONDERINGS TO DRIVE A LIFELONG LOVE OF LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FIDDLEHEAD SCHOOLS IS A PUBLIC CHARTER SCHOOL THAT OPENED IN FALL 2013. IT PROVIDES EDUCATION TO APPROXIMATELY 189 CHILDREN FROM 15 SCHOOL DISTRICTS FROM PRE-K THROUGH GRADE 8. THE PRINCIPLES OF THE INSPIRATION OF THE REGGIO EMILIA APPROACH GUIDE TEACHING AND LEARNING AT FIDDLEHEAD SCHOOL: THE IMAGE OF THE CHILD,CHILDREN'S RELATIONSHIPS AND INTERACTIONS WITHIN A SYSTEM, THE ROLE OF FAMILIES, THE ROLE OF SPACE, TEACHERS AND CHILDREN AS PARTNERS IN LEARNING. AT FIDDLEHEAD, CHILDREN DEMONSTRATE COMPETENCY IN LITERACY, MATHEMATICS, SCIENCE, VISUAL AND PERFORMING ARTS, AND A FOREIGN LANGUAGE. MISSION OF INSTRUCTIONAL SERVICES PROGRAM: FIDDLEHEAD SCHOOLS IS A PUBLIC CHARTER THAT PROVIDES EDUCATION FROM PRE-K THROUGH GRADE 8. THE PRINCIPLES OF THE REGGIO EMILIA APPROACH GUIDE TEACHING AND LEARNING AT FIDDLEHEAD SCHOOL AT THE EARLY CHILDHOOD AGES FROM GRADES PRE-K TO 2ND GRADE: IN GRADES 3RD THROUGH 5TH OUR APPROACH IS MORE INQUIRY BASED; AND IN THE UPPER GRADES OUR APPROACH IS PROJECT & PLACED BASED. THROUGH THESE INSTRUCTIONAL APPROACHES, OUR GOAL IS TO DEVELOP THE WHOLE CHILD/WHOLE STUDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER PROGRAMS: OTHER PROGRAM SERVICES - TRANSPORTATION AND OTHER STUDENT SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE COMPLETED DRAFT FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. THE BOARD OF DIRECTORS HAS THE CHANCE TO QUESTION OR REQUEST CHANGES TO THE FORM. AFTER A FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO THE BOARD, THE EXECUTIVE DIRECTOR WILL CAUSE THE FORM 990 TO BE FILED AS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR, OFFICER, EMPLOYEE, AND VOLUNTEER SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY (THE POLICY) AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. THE POLICY SHALL BE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL STAFF AND VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AT LEAST ANNUALLY, THE BOARD OF DIRECTORS (OR A COMPENSATION COMMITTEE) EVALUATES THE EXECUTIVE DIRECTOR ON HER PERFORMANCE. THE EXECUTIVE DIRECTOR'S SALARY IS SET BY BOARD APPROVAL AND BASED ON COMPARABILITY STUDIES OF SIMILARLY SITUATED ORGANIZATIONS. THE BOARD DOCUMENTS HOW IT REACHED ITS DECISION, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO OTHER OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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