Civic Intelligence

Fuse Preschool Inc.

990 • Fiscal year 2015 • EIN 46-4164737

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

Organization Profilewww.fuseprogram.com/preschool
7 Harrington RoadLexington, MA 02420

(617) 251-6955

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.12x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

56th percentile

5.5%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$97,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

78th percentile

25%

Faster revenue growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$137,368

Up $18,114 (+15%) from 2014

Net Assets

Up

$121,087

Up $32,727 (+37%) from 2014

Liabilities

Down

$16,281

Down $14,613 (-47%) from 2014

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin56th percentile

Revenue

Up

$595,610

Up $118,858 (+25%) from 2014

Expenses

Up

$562,883

Up $164,028 (+41%) from 2014

Net Income

Down

$32,727

Down $45,170 (-58%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth75th 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 2013: $10,463Liabilities 2013: $02013Assets 2014: $119,254Liabilities 2014: $30,894Net Assets 2014: $88,3602014Assets 2015: $137,368Liabilities 2015: $16,281Net Assets 2015: $121,0872015Assets 2016: $65,038Liabilities 2016: $8,733Net Assets 2016: $56,3052016Assets 2017: $122,042Liabilities 2017: $25,016Net Assets 2017: $97,0262017Assets 2018: $118,198Liabilities 2018: $8,876Net Assets 2018: $109,3222018Assets 2019: $345,149Liabilities 2019: $95,671Net Assets 2019: $249,4782019Assets 2020: $441,307Liabilities 2020: $461,135Net Assets 2020: -$19,8282020Assets 2021: $431,741Liabilities 2021: $356,620Net Assets 2021: $75,1212021Assets 2022: $3,210,783Liabilities 2022: $2,882,632Net Assets 2022: $328,1512022Assets 2023: $2,815,760Liabilities 2023: $2,495,901Net Assets 2023: $319,8592023Assets 2024: $2,126,220Liabilities 2024: $2,181,178Net Assets 2024: -$54,9582024

Highlighted filing

2015

Assets$137,368
Liabilities$16,281
Net Assets$121,087
Open 2015 Filing

Operations Trend

Revenue Growth78th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $20,152Expenses 2013: $9,689Net Income 2013: $10,4632013Revenue 2014: $476,752Expenses 2014: $398,855Net Income 2014: $77,8972014Revenue 2015: $595,610Expenses 2015: $562,883Net Income 2015: $32,7272015Revenue 2016: $549,549Expenses 2016: $614,331Net Income 2016: -$64,7822016Revenue 2017: $742,040Expenses 2017: $701,319Net Income 2017: $40,7212017Revenue 2018: $998,894Expenses 2018: $974,578Net Income 2018: $24,3162018Revenue 2019: $1,449,503Expenses 2019: $1,262,151Net Income 2019: $187,3522019Revenue 2020: $1,833,095Expenses 2020: $1,869,399Net Income 2020: -$36,3042020Revenue 2021: $1,839,612Expenses 2021: $1,893,984Net Income 2021: -$54,3722021Revenue 2022: $2,517,477Expenses 2022: $2,264,448Net Income 2022: $253,0292022Revenue 2023: $2,678,548Expenses 2023: $2,686,840Net Income 2023: -$8,2922023Revenue 2024: $2,332,221Expenses 2024: $2,707,038Net Income 2024: -$374,8172024

Highlighted filing

2015

Revenue$595,610
Expenses$562,883
Net Income$32,727
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$595,610
Mission and Program Overview

Mission

The fuse preschool is an intensive therapuetic school for children ages 3-6. The preschool provides educational and therapuetic social development services to children during class

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$88,360$121,087▲ $32,727
Cash and Non-Interest-Bearing Accounts$94,592$107,507▲ $12,915
Land, Buildings, and Equipment, Net$24,662$24,811▲ $149
Loans From Officers Directors$14,008$12,021▼ $1,987
Receivables From Officers Etc-$5,050-
Total Assets$119,254$137,368▲ $18,114
Liabilities
Other Liabilities$16,886$4,260▼ $12,626
Total Liabilities$30,894$16,281▼ $14,613
Net Assets / Fund Balance
Total Net Assets Fund Balance$88,360$121,087▲ $32,727
Total Liabilities and Net Assets / Fund Balance$119,254$137,368▲ $18,114

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$24,811$12,230$37,041
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lauren WeeksExecutive DirectorFT$97,000$97,000
Revenue and Support

Revenue Composition

Contributions and Grants
$31,421
Program Service Revenue
$564,125
Investment Income
$64
Other Revenue
$0
All Other Contributions
$31,421
Change in Net Assets
$32,727

Audited Revenue Reconciliation

Revenue per Audited Statements
$575,632
Revenue Not Reported on Financial Statements
$19,978
Other Revenue Adjustments
$19,978
Total Revenue per Audited Statements
$575,632
Total Revenue per Form 990
$595,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$457,761
Other Expenses$105,122
Total Fundraising Expense$1,126
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$321,122$97,358-$418,480
Office Expenses$31,862$12,968-$44,830
Payroll Taxes$31,833$7,448-$39,281
Occupancy$16,830$2,970-$19,800
Fees for Services Other$16,213--$16,213
Depreciation Depletion$11,481--$11,481
Fees for Services Accounting-$5,800-$5,800
Insurance$1,759--$1,759
Conferences and Meetings$1,482--$1,482
Advertising$1,056--$1,056
Fees for Services Management-$817-$817
Other Expenses$330-$1,126$330
Interest-$86-$86
Travel$57--$57
Total Functional Expenses$434,310$127,447$1,126$562,883

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$569,251
Expenses per Audited Statements$562,883
Total Expenses per Form 990$562,883
Expenses Not Reported on Form 990$6,368
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$14,008$12,021▼ $1,987
Receivables from Officers, Directors, Trustees, and Key Employees-$5,050-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$2,825
Credit Card$1,435
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“No review will be conducted or will be conducted.”

Governing documents etc available to public Part VI line 19

“FS and Tax return available to public uppon request”

Filing and Contact Details

Filer

Filer Name
The Fuse Preschool Inc
EIN
46-4164737
Address
7 Harrington Road, Lexington, MA 02420

Signing Officer

Name
Lauren Weeks
Title
Executive Direc
Phone
6172516955
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lauren Weeks
Formed
2013
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
1
Employees
19

Preparer

Firm
Abbott & Company
Address
10 Muzzey Street, Lexington, MA 02421
Preparer
Mellinda Abbott
Phone
7818632272
Supplemental Narrative

Financial Statement Notes

Other revenues included on Form 990 (Part XI, line 4B)

“Audited Financial Statements accounting method is accrual basis. It took consideration on deferred revenues and account receivables both at the beginning balance and ending balance of 2015. The balance is the difference.”

Other expenses not included on Form 990 (Part XII, line 2D)

“Audited Financial Statements accounting method is accrual basis. It took consideration on accrued expenses and payables both at the beginning balance and ending balance of 2015. The balance is the difference.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review will be conducted or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FS and Tax return available to public uppon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0119254
IRS990/TotalAssetsEOYAmt0137368
IRS990/TotalAssetsGrp/BOYAmt0119254
IRS990/TotalAssetsGrp/EOYAmt0137368
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031421
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01126
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0127447
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0434310
IRS990/TotalFunctionalExpensesGrp/TotalAmt0562883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030894
IRS990/TotalLiabilitiesEOYAmt016281
IRS990/TotalLiabilitiesGrp/BOYAmt030894
IRS990/TotalLiabilitiesGrp/EOYAmt016281
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088360
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0121087
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0434310
IRS990/TotalProgramServiceRevenueAmt0564125
IRS990/TotalReportableCompFromOrgAmt097000
IRS990/TotalRevenueGrp/ExclusionAmt064
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0564125
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0595610
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0119254
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0137368
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt057
IRS990/TravelGrp/TotalAmt057
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt023 COOLIDGE AVE 12
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002420
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0http://www.fuseprogram.com/preschool/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAUREN WEEKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum06172516955
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Fuse Preschool Inc
ReturnHeader/Filer/BusinessNameControlTxt0FUSE
ReturnHeader/Filer/EIN0464164737
ReturnHeader/Filer/USAddress/AddressLine1Txt07 Harrington Road
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002420
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371658257
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Abbott & Company
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 Muzzey Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lexington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002421
ReturnHeader/PreparerPersonGrp/PhoneNum07818632272
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mellinda Abbott
ReturnHeader/ReturnTs02016-11-15T15:13:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,368
Liabilities
$16,281
Net assets
$121,087
Revenue
$595,610
Expenses
$562,883
Net income
$32,727
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$2.18$0.05$2.33$2.71$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.82$2.50$0.32$2.68$2.69$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.21$2.88$0.33$2.52$2.26$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.36$0.08$1.84$1.89$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.46$0.02$1.83$1.87$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.35$0.10$0.25$1.45$1.26$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$1.00$0.97$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.03$0.10$0.74$0.70$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.55$0.61$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.60$0.56$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.03$0.09$0.48$0.40$0.08
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.02$0.01$0.01