Civic Intelligence

Soar Educational Enrichment Inc.

990EZ • Fiscal year 2019 • EIN 47-1188127

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 01, 2019

PO Box 593Salisbury, CT 06068

(720) 480-4887

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

62nd percentile

9.4%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$27,260

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 41.4% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

62nd percentile

9.9%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.5%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$86,760

Up $7,809 (+9.9%) from 2018

Net Assets

Up

$84,742

Up $6,190 (+7.9%) from 2018

Liabilities

Up

$2,018

Up $1,619 (+406%) from 2018

Revenue

Up

$65,802

Up $2,862 (+4.5%) from 2018

Expenses

Up

$59,611

Up $5,208 (+9.6%) from 2018

Net Income

Down

$6,191

Down $2,346 (-27%) from 2018

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

2019

Assets$86,760
Liabilities$2,018
Net Assets$84,742

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

2019

Revenue$65,802
Expenses$59,611
Net Income$6,191
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 1, 2019
Return Version
2018v3.1
Gross Receipts
$65,802
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.-$49,710
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LINDA SLOANProgram DirePT$27,260-$27,260
KEITH MARKSBoard Chair-$0--
KATIE BALDWINVice Preside-$0--
DARCY BOYNTONProgram Liai-$0--
JANET GRAAFFTreasurer-$0--
LISA BRADLEYDirector-$0--
JEAN-MICHEL CAMPAGNEDirector-$0--
KAREN LUNDEENDirector-$0--
BEN METCALFDirector-$0--
CAITLIN THORNHILLDirector-$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
Board Chair
Phone
8604354657
Signed
2019-10-01

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 16

Special events prize non-cash 100 fall festival expense 497 jumpfest expense 290 trade secrets expense 505 soar bowl expenses 543 expenses advertising expense 155 insurance 2,468 postage 184 other expenses 195 material reimbursements 1,350 workshop expenses 13,438 grants to scs teachers 2,352 office expense 2,177 printing & copying 569 fundraising expense 200 total 25,023

Form 990-ez, Part II, Line 26

Withheld federal tax 0 1,524 withheld state tax 275 340 accrued unemployment comp tax 124 154

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 EVENTS PRIZE NON-CASH 100 FALL FESTIVAL EXPENSE 497 JUMPFEST EXPENSE 290 TRADE SECRETS EXPENSE 505 SOAR BOWL EXPENSES 543 EXPENSES ADVERTISING EXPENSE 155 INSURANCE 2,468 POSTAGE 184 OTHER EXPENSES 195 MATERIAL REIMBURSEMENTS 1,350 WORKSHOP EXPENSES 13,438 GRANTS TO SCS TEACHERS 2,352 OFFICE EXPENSE 2,177 PRINTING & COPYING 569 FUNDRAISING EXPENSE 200 TOTAL 25,023
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WITHHELD FEDERAL TAX 0 1,524 WITHHELD STATE TAX 275 340 ACCRUED UNEMPLOYMENT COMP TAX 124 154
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
ReturnHeader/BuildTS02020-04-17 16:48:07Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08604354657
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOAR EDUCATIONAL ENRICHMENT INC
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ReturnHeader/Filer/EIN0471188127
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ReturnHeader/FilingSecurityInformation/IPTm013:40:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042530803
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/PreparationDt02019-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COLIN H SMITH
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-11-08T13:40:54-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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