Civic Intelligence

Empower Schools Inc

EIN 46-3193990 • 501(c)3 • Boston, MA

Profile

Empower schools drives fundamental re-engineering of schools and districts in order to accelerate success for the students least well served by the current system.

24 School Street 3rd FloorBoston, MA 02108

www.empowerschools.org

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

44th percentile

0.05x

Higher debt load relative to revenue than 44% of similar nonprofits.

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

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

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

Top Officer Pay

83rd percentile

$152,612

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

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

Asset Growth

99th percentile

729%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

96th percentile

240%

Faster revenue growth than 96% of similar nonprofits.

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

Assets

Up

$1,864,944

Up $1,640,100 (+729%) from 2015

Liabilities

Up

$152,162

Up $39,594 (+35%) from 2015

Net Assets

Up

$1,712,782

Up $1,600,506 (+1426%) from 2015

Revenue

Up

$2,998,856

Up $2,116,482 (+240%) from 2015

Expenses

Up

$1,398,350

Up $569,109 (+69%) from 2015

Net Income

Up

$1,600,506

Up $1,547,373 (+2912%) from 2015

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $74,395Liabilities 2014: $15,252Net Assets 2014: $59,1432014Assets 2015: $224,844Liabilities 2015: $112,568Net Assets 2015: $112,2762015Assets 2016: $1,864,944Liabilities 2016: $152,162Net Assets 2016: $1,712,7822016

Highlighted filing

2016

Assets$1,864,944
Liabilities$152,162
Net Assets$1,712,782

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2014: $200,000Expenses 2014: $140,857Net Income 2014: $59,1432014Revenue 2015: $882,374Expenses 2015: $829,241Net Income 2015: $53,1332015Revenue 2016: $2,998,856Expenses 2016: $1,398,350Net Income 2016: $1,600,5062016

Highlighted filing

2016

Revenue$2,998,856
Expenses$1,398,350
Net Income$1,600,506

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 28, 2017
Return Version
2015v3.0
Gross Receipts
$2,998,856
Mission and Program Overview

Mission

Empower schools drives fundamental re-engineering of schools and districts in order to accelerate success for the students least well served by the current system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$1,632,515-
Cash and Non-Interest-Bearing Accounts$223,402$231,606▲ $8,204
Accounts Receivable$1,442$823▼ $619
Total Assets$224,844$1,864,944▲ $1,640,100
Liabilities
Accounts Payable and Accrued Expenses$112,568$98,635▼ $13,933
Other Liabilities$0$53,527▲ $53,527
Total Liabilities$112,568$152,162▲ $39,594
Net Assets / Fund Balance
Temporarily Rstr Net Assets$100,000$1,884,157▲ $1,784,157
Unrestricted Net Assets$12,276$-171,375▼ $183,651
Total Net Assets Fund Balance$112,276$1,712,782▲ $1,600,506
Total Liabilities and Net Assets / Fund Balance$224,844$1,864,944▲ $1,640,100
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett AlessiClerk & TreasurerFT$150,000$2,612$152,612
Matthew MateraProgram DirectorFT$110,000$14,463$124,463
Sarah TocePolicy DirectorFT$100,000$17,926$117,926

Board Members and Trustees

NameTitle
Christopher GabrieliPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$2,994,783
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,073
All Other Contributions
$2,994,783
Change in Net Assets
$1,600,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,998,856
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$52,279
Total Revenue per Audited Statements
$3,051,135
Total Revenue per Form 990
$2,998,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$719,377
Salaries, Compensation, and Employee Benefits$678,973
Total Fundraising Expense$50,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$412,357$22,640$11,957$446,954
Fees for Services Other$240,604$10,353$2,424$253,381
Current Officers, Directors, Trustees, and Key Employees$97,298$18,070$23,630$138,998
Fees for Services Management-$93,418-$93,418
Fees for Services Accounting-$77,219-$77,219
Fees for Services Legal$67,263--$67,263
Occupancy$58,232$4,629$4,030$66,891
Conferences and Meetings$60,775$152$8$60,935
Travel$54,064$456$1,956$56,476
Other Employee Benefits$43,532$3,543$2,589$49,664
Payroll Taxes$37,755$2,995$2,607$43,357
Information Technology$14,722$1,429$1,209$17,360
Office Expenses$6,816$3,574$469$10,859
Other Expenses$2,864$431$90$3,385
Insurance-$447-$447
Total Functional Expenses$1,102,147$245,234$50,969$1,398,350

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,450,629
Expenses per Audited Statements$1,398,350
Total Expenses per Form 990$1,398,350
Expenses Not Reported on Form 990$52,279
Expenses Not Reported on Financial Statements$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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nctl$53,527
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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

Draft 990 will be reviewed by the president and treasurer; they will discuss the form 990 after each has reviewed it.

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

All directors receive a copy of the conflict of interest policy and are required to complete a conflict of interest disclosure form each year.

Form 990, Part VI, Section B, Line 15A

The board of directors gather data on salaries from comparable organizations and vote on the president's salary.

Form 990, Part VI, Section C, Line 19

Form 990 is posted on guidestar and all governing documents, conflict of interest policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Empower Schools Inc
EIN
46-3193990
Phone
6173783954
Address
24 SCHOOL STREET 3RD FLOOR, BOSTON, MA 02108

Signing Officer

Name
Brett Alessi
Title
Treasurer
Phone
6177233940
Signed
2017-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Alessi
Formed
2013
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
1
Employees
12
Volunteers
2

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBOROUGH, MA 01581
Preparer
Sorie Kaba CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Form 990, part iii, line 3 explanation: during fiscal year 2016, empower schools entered into a merger agreement with national center on time & learning (nctl) effective july 1, 2016, at which time nctl became the surviving corporation. In addition, nctl's name was changed to empower schools, inc. And a new board of directors was formed. The president and treasurer of the new board of directors are also the chief executive officer and managing parner, respectively, of the surviving corporation.

Form 990, Part IX, Line 11G

Consulting: program service expenses 240,604. Management and general expenses 10,353. Fundraising expenses 2,424. Total expenses 253,381.

Financial Statement Notes

PART X, LINE 2:

Empower schools 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 statements regarding a tax position taken or expected to be taken in a tax return. Empower schools has determined that there is no uncertain tax position which qualifies for either recognition or disclosure in the financial statements at june 30, 2016 and 2015. Empower schools' information returns are subject to examination by the federal and state jurisdictions.

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IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt052279
IRS990ScheduleD/DonatedServicesUseFcltsAmt052279
IRS990ScheduleD/ExpensesNotReportedAmt052279
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01398350
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NCTL
IRS990ScheduleD/RevenueNotReportedAmt052279
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02998856
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EMPOWER SCHOOLS 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 STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. EMPOWER SCHOOLS HAS DETERMINED THAT THERE IS NO UNCERTAIN TAX POSITION WHICH QUALIFIES FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2016 AND 2015. EMPOWER SCHOOLS' INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01398350
IRS990ScheduleD/TotalLiabilityAmt053527
IRS990ScheduleD/TotalRevenuePerForm990Amt02998856
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03051135
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01450629
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRETT ALESSI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CLERK & TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART III, LINE 3 EXPLANATION: DURING FISCAL YEAR 2016, EMPOWER SCHOOLS ENTERED INTO A MERGER AGREEMENT WITH NATIONAL CENTER ON TIME & LEARNING (NCTL) EFFECTIVE JULY 1, 2016, AT WHICH TIME NCTL BECAME THE SURVIVING CORPORATION. IN ADDITION, NCTL'S NAME WAS CHANGED TO EMPOWER SCHOOLS, INC. AND A NEW BOARD OF DIRECTORS WAS FORMED. THE PRESIDENT AND TREASURER OF THE NEW BOARD OF DIRECTORS ARE ALSO THE CHIEF EXECUTIVE OFFICER AND MANAGING PARNER, RESPECTIVELY, OF THE SURVIVING CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DRAFT 990 WILL BE REVIEWED BY THE PRESIDENT AND TREASURER; THEY WILL DISCUSS THE FORM 990 AFTER EACH HAS REVIEWED IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS GATHER DATA ON SALARIES FROM COMPARABLE ORGANIZATIONS AND VOTE ON THE PRESIDENT'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS POSTED ON GUIDESTAR AND ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING: PROGRAM SERVICE EXPENSES 240,604. MANAGEMENT AND GENERAL EXPENSES 10,353. FUNDRAISING EXPENSES 2,424. TOTAL EXPENSES 253,381.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0100000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01884157
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0224844
IRS990/TotalAssetsEOYAmt01864944
IRS990/TotalAssetsGrp/BOYAmt0224844
IRS990/TotalAssetsGrp/EOYAmt01864944
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02994783
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050969
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0245234
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01102147
IRS990/TotalFunctionalExpensesGrp/TotalAmt01398350
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0112568
IRS990/TotalLiabilitiesEOYAmt0152162
IRS990/TotalLiabilitiesGrp/BOYAmt0112568
IRS990/TotalLiabilitiesGrp/EOYAmt0152162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112276
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01712782
IRS990/TotalOtherCompensationAmt035001
IRS990/TotalProgramServiceExpensesAmt01102147
IRS990/TotalReportableCompFromOrgAmt0360000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04073
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02998856
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0224844
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01864944
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01956
IRS990/TravelGrp/ManagementAndGeneralAmt0456
IRS990/TravelGrp/ProgramServicesAmt054064
IRS990/TravelGrp/TotalAmt056476
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt012276
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-171375
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt024 SCHOOL STREET 3RD FLOOR
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002108
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.EMPOWERSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT ALESSI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06177233940
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMPOWER SCHOOLS INC

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