Civic Intelligence

Soar Educational Enrichment Inc.

990EZ • Fiscal year 2018 • EIN 47-1188127

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 27, 2018

PO Box 593Salisbury, CT 06068

(860) 435-4657

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

85th percentile

$26,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 41.3% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

63rd percentile

10.0%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

61st percentile

8.5%

Faster revenue growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$78,951

Up $7,156 (+10.0%) from 2017

Net Assets

Up

$78,552

Up $8,535 (+12%) from 2017

Liabilities

Down

$399

Down $1,379 (-78%) from 2017

Revenue

Up

$62,940

Up $4,956 (+8.5%) from 2017

Expenses

Down

$54,403

Down $5,102 (-8.6%) from 2017

Net Income

Up

$8,537

Up $10,058 (+661%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2015: $76,727Net Assets 2015: $76,7272015Assets 2016: $72,883Liabilities 2016: $1,345Net Assets 2016: $71,5382016Assets 2017: $71,795Liabilities 2017: $1,778Net Assets 2017: $70,0172017Assets 2018: $78,951Liabilities 2018: $399Net Assets 2018: $78,5522018Assets 2019: $86,760Liabilities 2019: $2,018Net Assets 2019: $84,7422019Assets 2020: $97,239Liabilities 2020: $3,170Net Assets 2020: $94,0692020Assets 2022: $114,049Liabilities 2022: $3,600Net Assets 2022: $110,4492022Assets 2023: $136,748Liabilities 2023: $1,751Net Assets 2023: $134,9972023Assets 2025: $150,192Liabilities 2025: $874Net Assets 2025: $149,3182025

Highlighted filing

2018

Assets$78,951
Liabilities$399
Net Assets$78,552

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $76,911Expenses 2015: $184Net Income 2015: $76,7272015Revenue 2016: $59,846Expenses 2016: $65,035Net Income 2016: -$5,1892016Revenue 2017: $57,984Expenses 2017: $59,505Net Income 2017: -$1,5212017Revenue 2018: $62,940Expenses 2018: $54,403Net Income 2018: $8,5372018Revenue 2019: $65,802Expenses 2019: $59,611Net Income 2019: $6,1912019Revenue 2020: $75,564Expenses 2020: $66,237Net Income 2020: $9,3272020Revenue 2022: $75,532Expenses 2022: $74,944Net Income 2022: $5882022Revenue 2023: $115,041Expenses 2023: $90,493Net Income 2023: $24,5482023Revenue 2025: $152,593Expenses 2025: $150,112Net Income 2025: $2,4812025

Highlighted filing

2018

Revenue$62,940
Expenses$54,403
Net Income$8,537
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 27, 2018
Return Version
2017v2.3
Gross Receipts
$62,940
Mission and Program Overview

Mission

To facilitate educational enrichment experiences. The corporation is organized and operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code (irc) of 1986.

Program Services

DescriptionGrantsExpenses
TO PROVIDE THE DYNAMIC LEARNING OPPORTUNITIES THAT ENABLE EACH AND EVERY STUDENT TO DISCOVER HIS/HER INDIVIDUAL TALENTS AND INTERESTS. OUR GOAL IS BOTH TO SUPPORT AND ENHANCE THE SCHOOL-DAY CURRICULUM AND TO PROVIDE THE ENVIRONMENT AND OPPORTUNITIES, BOTH IN AND OUT OF THE CLASSROOM, FOR LEARNING AND EXPLORATION BEYOND THIS.-$41,952
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA SLOANProgram DirePT$26,000-$26,000
KEITH MARKSChair-$0--
LIZA PINDER-STEINMETZVice Chair-$0--
DOUGLAS WEISMANSecretary-$0--
EMILY VAILTreasurer-$0--
KATIE BALDWINDirector-$0--
DARCY BOYNTONDirector-$0--
SETH CHURCHILLDirector-$0--
DAVID DIAMONDDirector-$0--
HELLEN DIAMONDDirector-$0--
BEN METCALFDirector-$0--
CAITLIN THORNHILLDirector-$0--
DANIEL SKOGLUNDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Soar Educational Enrichment Inc
EIN
47-1188127
Address
PO BOX 593, SALISBURY, CT 06068

Signing Officer

Name
Keith Marks
Title
Chair
Signed
2018-09-27

Preparer

Firm
Smith Watson & Co Llp
Address
7 NORTH ST SUITE 205, PITTSFIELD, MA 01201
Preparer
Robin a Markey
Phone
4134649940
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Special event revenue prize non-cash 150 fall festival expense 374 jumpfest expense 540 trade secrets expense 620 special events expense 185 winter drama expenses 327 soar bowl expenses 301 expenses advertising expense 150 office 35 insurance 2,476 postage 517 other expenses 201 material reimbursements 259 workshop expenses 9,067 grants to scs teachers 4,191 postage, mailing service 138 office expense 2,010 printing & copying 1,400 supplies 416 donations expense 150 total 23,507

Form 990-ez, Part II, Line 26

Withheld federal tax 1,548 0 withheld state tax 230 275 accrued unemployment comp tax 0 124

Form 990-ez, Part III

To facilitate educational enrichment experiences. The corporation is organized and operated exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code (irc) of 1986.

Form 990-ez, Part III, Line 28

To provide the dynamic learning opportunities that enable each and every student to discover his/her individual talents and interests. Our goal is both to support and enhance the school-day curriculum and to provide the environment and opportunities, both in and out of the classroom, for learning and exploration beyond this.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT REVENUE PRIZE NON-CASH 150 FALL FESTIVAL EXPENSE 374 JUMPFEST EXPENSE 540 TRADE SECRETS EXPENSE 620 SPECIAL EVENTS EXPENSE 185 WINTER DRAMA EXPENSES 327 SOAR BOWL EXPENSES 301 EXPENSES ADVERTISING EXPENSE 150 OFFICE 35 INSURANCE 2,476 POSTAGE 517 OTHER EXPENSES 201 MATERIAL REIMBURSEMENTS 259 WORKSHOP EXPENSES 9,067 GRANTS TO SCS TEACHERS 4,191 POSTAGE, MAILING SERVICE 138 OFFICE EXPENSE 2,010 PRINTING & COPYING 1,400 SUPPLIES 416 DONATIONS EXPENSE 150 TOTAL 23,507
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WITHHELD FEDERAL TAX 1,548 0 WITHHELD STATE TAX 230 275 ACCRUED UNEMPLOYMENT COMP TAX 0 124
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO FACILITATE EDUCATIONAL ENRICHMENT EXPERIENCES. THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) OF 1986.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE THE DYNAMIC LEARNING OPPORTUNITIES THAT ENABLE EACH AND EVERY STUDENT TO DISCOVER HIS/HER INDIVIDUAL TALENTS AND INTERESTS. OUR GOAL IS BOTH TO SUPPORT AND ENHANCE THE SCHOOL-DAY CURRICULUM AND TO PROVIDE THE ENVIRONMENT AND OPPORTUNITIES, BOTH IN AND OUT OF THE CLASSROOM, FOR LEARNING AND EXPLORATION BEYOND THIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOAR EDUCATIONAL ENRICHMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0SOAR
ReturnHeader/Filer/EIN0471188127
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ReturnHeader/FilingSecurityInformation/IPTm014:26:59
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH WATSON & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 NORTH ST SUITE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum04134649940
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBIN A MARKEY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-14T15:26:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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