Civic Intelligence

Fuse Preschool Inc.

990 • Fiscal year 2016 • EIN 46-4164737

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization Profilewww.fusepreschool.com
110 Hartwell AvenueLexington, MA 02421

(781) 658-3009

Siviq Scores

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

Liabilities / Assets

65th percentile

0.13x

Higher debt load relative to assets than 65% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

40th percentile

0.02x

Higher debt load relative to revenue than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$105,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

2nd percentile

-53%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

29th percentile

-7.7%

Faster revenue growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$65,038

Down $72,330 (-53%) from 2015

Net Assets

Down

$56,305

Down $64,782 (-54%) from 2015

Liabilities

Down

$8,733

Down $7,548 (-46%) from 2015

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin20th percentile

Revenue

Down

$549,549

Down $46,061 (-7.7%) from 2015

Expenses

Up

$614,331

Up $51,448 (+9.1%) from 2015

Net Income

Down

-$64,782

Down $97,509 (-298%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2016

Assets$65,038
Liabilities$8,733
Net Assets$56,305
Open 2016 Filing

Operations Trend

Revenue Growth29th 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

2016

Revenue$549,549
Expenses$614,331
Net Income-$64,782
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$549,549
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$121,087$56,305▼ $64,782
Cash and Non-Interest-Bearing Accounts$107,507$42,725▼ $64,782
Land, Buildings, and Equipment, Net$24,811$17,402▼ $7,409
Loans From Officers Directors$12,021$5,445▼ $6,576
Receivables From Officers Etc$5,050$4,613▼ $437
Other Notes and Loans Receivable, Net-$298-
Total Assets$137,368$65,038▼ $72,330
Liabilities
Other Liabilities$4,260$3,288▼ $972
Total Liabilities$16,281$8,733▼ $7,548
Net Assets / Fund Balance
Total Net Assets Fund Balance$121,087$56,305▼ $64,782
Total Liabilities and Net Assets / Fund Balance$137,368$65,038▼ $72,330

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,402$19,639$37,041
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lauren WeeksExecutive DirectorFT$105,000$105,000

Board Members and Trustees

NameTitle
Cara McgrathBoard Chair
Sarah LyonsBoard Member
Julie CallageeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,240
Program Service Revenue
$526,079
Investment Income
$230
Other Revenue
$0
All Other Contributions
$23,240
Change in Net Assets
$-64,782

Audited Revenue Reconciliation

Revenue per Audited Statements
$549,549
Revenue Not Reported on Form 990
$52,817
Total Revenue per Audited Statements
$602,366
Total Revenue per Form 990
$549,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$504,255
Other Expenses$110,076
Total Fundraising Expense$2,340
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$356,524$105,328-$461,852
Office Expenses$31,475$14,089-$45,564
Payroll Taxes$38,065$4,338-$42,403
Occupancy$16,856$2,975-$19,831
Fees for Services Accounting-$13,382-$13,382
Fees for Services Other$10,128--$10,128
Depreciation Depletion$7,409--$7,409
Insurance$5,849--$5,849
Conferences and Meetings$2,551--$2,551
Advertising$1,199--$1,199
Fees for Services Management-$654-$654
Other Expenses$430-$2,340$430
Interest-$318-$318
Total Functional Expenses$470,907$141,084$2,340$614,331

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$618,413
Expenses per Audited Statements$614,331
Total Expenses per Form 990$614,331
Expenses Not Reported on Form 990$4,082
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$12,021$5,445▼ $6,576
Receivables from Officers, Directors, Trustees, and Key Employees$5,050$4,613▼ $437
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,209
Credit Card$79
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
110 Hartwell Avenue, Lexington, MA 02421

Signing Officer

Name
Lauren Weeks
Title
Executive Direc
Phone
7816583009
Signed
2017-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Lauren Weeks
Formed
2013
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
3
Employees
19
Volunteers
4

Preparer

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

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

“Audited Financial Statements accounting method is accrual basis. It includes deferred revenues and account receivables which were not reported on the tax return, which is cash basis.”

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

“Audited Financial Statements accounting method is accrual basis. It includes deferred revenues and account receivables which were not reported on the tax return, which is cash basis.”

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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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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04613
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt15445
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FUSE PROGRAM
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt18000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LAUREN WEEKS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1LAUREN WEEKS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt010058
IRS990/ScheduleORequiredInd0true
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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0137368
IRS990/TotalAssetsEOYAmt065038
IRS990/TotalAssetsGrp/BOYAmt0137368
IRS990/TotalAssetsGrp/EOYAmt065038
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt023240
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02340
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0141084
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470907
IRS990/TotalFunctionalExpensesGrp/TotalAmt0614331
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016281
IRS990/TotalLiabilitiesEOYAmt08733
IRS990/TotalLiabilitiesGrp/BOYAmt016281
IRS990/TotalLiabilitiesGrp/EOYAmt08733
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0121087
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056305
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0470907
IRS990/TotalProgramServiceRevenueAmt0526079
IRS990/TotalReportableCompFromOrgAmt0105000
IRS990/TotalRevenueGrp/ExclusionAmt0230
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0526079
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0549549
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0137368
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt065038
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt023 COOLIDGE AVE 12
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002420
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0http://www.fusepreschool.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LAUREN WEEKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum07816583009
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Fuse Preschool Inc
ReturnHeader/Filer/BusinessNameControlTxt0FUSE
ReturnHeader/Filer/EIN0464164737
ReturnHeader/Filer/USAddress/AddressLine1Txt0110 Hartwell Avenue
ReturnHeader/Filer/USAddress/CityNm0Lexington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002421
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0380FA9FB127ED2BBEE8254A751C9BD7ABE6640A9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0380FA9FB127ED2BBEE8254A751C9BD7ABE6640A9
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId00492942017319wrvgj04
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.174.87.124
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTm013:48:31
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/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mellinda Abbott
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-15T13:44:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$65,038
Liabilities
$8,733
Net assets
$56,305
Revenue
$549,549
Expenses
$614,331
Net income
-$64,782
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