Civic Intelligence

Fairwind Learning Center Corp

990 • Fiscal year 2016 • EIN 47-1588668

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

247 Pleasant StreetMarblehead, MA 01945

(781) 990-1862

Siviq Scores

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

Liabilities / Assets

95th percentile

1.16x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

0.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

16th percentile

-21%

Higher net margin than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$25,417

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

30th percentile

-8.8%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

79th percentile

31%

Faster revenue growth than 79% of similar nonprofits.

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

Assets

Down

$85,530

Down $8,211 (-8.8%) from 2015

Net Assets

Down

-$13,258

Down $60,144 (-128%) from 2015

Liabilities

Up

$98,788

Up $51,933 (+111%) from 2015

Revenue

Up

$292,760

Up $68,815 (+31%) from 2015

Expenses

Up

$352,904

Up $175,845 (+99%) from 2015

Net Income

Down

-$60,144

Down $107,030 (-228%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2015: $93,741Liabilities 2015: $46,855Net Assets 2015: $46,8862015Assets 2016: $85,530Liabilities 2016: $98,788Net Assets 2016: -$13,2582016Assets 2017: $179,435Liabilities 2017: $171,720Net Assets 2017: $7,7152017Assets 2018: $170,563Liabilities 2018: $104,929Net Assets 2018: $65,6342018Assets 2019: $99,052Liabilities 2019: $63,290Net Assets 2019: $35,7622019Assets 2020: $69,670Liabilities 2020: $33,487Net Assets 2020: $36,1832020Assets 2021: $113,616Liabilities 2021: $105,758Net Assets 2021: $7,8582021Assets 2022: $101,395Liabilities 2022: $38,528Net Assets 2022: $62,8672022Assets 2023: $149,201Liabilities 2023: $23,199Net Assets 2023: $126,0022023Assets 2024: $199,735Liabilities 2024: $47,237Net Assets 2024: $152,4982024

Highlighted filing

2016

Assets$85,530
Liabilities$98,788
Net Assets-$13,258

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $223,945Expenses 2015: $177,059Net Income 2015: $46,8862015Revenue 2016: $292,760Expenses 2016: $352,904Net Income 2016: -$60,1442016Revenue 2017: $440,249Expenses 2017: $419,276Net Income 2017: $20,9732017Revenue 2018: $598,082Expenses 2018: $540,163Net Income 2018: $57,9192018Revenue 2019: $571,416Expenses 2019: $601,288Net Income 2019: -$29,8722019Revenue 2020: $512,947Expenses 2020: $512,526Net Income 2020: $4212020Revenue 2021: $0Expenses 2021: $28,325Net Income 2021: -$28,3252021Revenue 2022: $551,086Expenses 2022: $496,078Net Income 2022: $55,0082022Revenue 2023: $671,372Expenses 2023: $608,237Net Income 2023: $63,1352023Revenue 2024: $660,929Expenses 2024: $634,433Net Income 2024: $26,4962024

Highlighted filing

2016

Revenue$292,760
Expenses$352,904
Net Income-$60,144
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$292,760
Mission and Program Overview

Mission

The organization is an educational learning center that strives to provide young children with high quality education that focuses on age appropriate academics and development.

Organization's purpose is to operate a transitional kindergarten program for children ages 4-6 years old; and to carry on any other educational work permitted to a non profit corporation pursuant to massachusetts general laws, chapter 180, article 1, et seq.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$10,244$60,790▲ $50,546
Land, Buildings, and Equipment, Net$51,577$46,049▼ $5,528
Cash and Non-Interest-Bearing Accounts$42,164$39,481▼ $2,683
Total Assets$93,741$85,530▼ $8,211
Liabilities
Deferred Revenue$29,111$30,001▲ $890
Accounts Payable and Accrued Expenses$7,500$7,997▲ $497
Total Liabilities$46,855$98,788▲ $51,933
Net Assets / Fund Balance
Unrestricted Net Assets$46,886$-13,258▼ $60,144
Total Net Assets Fund Balance$46,886$-13,258▼ $60,144
Total Liabilities and Net Assets / Fund Balance$93,741$85,530▼ $8,211

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$42,108$11,515$53,623
Leasehold Improvements$356$8,048$8,404
Other Land Buildings$3,585$805$4,390
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany UttamExecutive DirectorFT$25,417$25,417

Board Members and Trustees

NameTitle
Ana ColmeneroPresident
Deidra ColcordDirector
Erin Van OtterlooClerk
Jill WeiseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,525
Program Service Revenue
$291,235
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,525
Change in Net Assets
$-60,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$236,016
Other Expenses$116,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$161,110--$161,110
Current Officers, Directors, Trustees, and Key Employees-$52,917-$52,917
Payroll Taxes$16,305$5,684-$21,989
Office Expenses$20,116--$20,116
Depreciation Depletion$14,319--$14,319
All Other Expenses$4,442$9,272-$13,714
Fees for Services Accounting-$7,500-$7,500
Other Expenses$5,519$290-$5,809
Fees for Services Legal-$2,748-$2,748
Insurance-$2,669-$2,669
Advertising-$599-$599
Interest-$546-$546
Occupancy$114$6-$120
Total Functional Expenses$269,038$83,866$0$352,904
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$10,244$60,790▲ $50,546
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

Two board members have a family connection.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11

Prior to filing, form 990 is reviewed by an officer of the organization who is a board member.

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

Annually all must sign the annual conflict of interest policy and disclose any conflicts.

Form 990, Part VI, Section B, Line 15

Salaries for executive director and other key employees are reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fairwind Learning Center
EIN
47-1588668
Phone
7819901862
Address
247 PLEASANT STREET, MARBLEHEAD, MA 01945

Signing Officer

Name
Ana Colmenero
Title
President
Phone
7819901862
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ana Colmenero
Formed
2014
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
4
Employees
9
Volunteers
0

Preparer

Firm
Raphael and Raphael Llp
Address
52 CHURCH STREET, BOSTON, MA 02116
Preparer
Karen M Lydon
Phone
6172101200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Fairwind provides full and half day transitional kindergarten and preschool classes for children ages 4 thoug 6 that encourage children to ask questions and become problem solvers by fostering confidence and create independent thinkers and lifelong learners. Afterschool programs are offered to students for all ages on tuesdays from 4:15 to 5:15pm. Programs are offered for a fall, winder, and spring sessions. Classes are taught by experienced instructors from the community who focus on children's creativity, engagement, and understanding through fun, interactive projects, and lessons.

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IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S NONDISCRIMINATORY POLICY TOWARDS STUDENTS IS DISCLOSED ON ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1QUESTIONS 4B AND 4D ARE NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt060790
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SILVER OAK LENDING LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FUND START UP OPERATIONS & RENOVATIONS TO GET SPACE SET UP FOR PROGRAMS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt060000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OWNER OF ENTITY IS A DISQUALIFIED PERSON DUE TO PRIOR CONTRIBUTION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt060790
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAIRWIND PROVIDES FULL AND HALF DAY TRANSITIONAL KINDERGARTEN AND PRESCHOOL CLASSES FOR CHILDREN AGES 4 THOUG 6 THAT ENCOURAGE CHILDREN TO ASK QUESTIONS AND BECOME PROBLEM SOLVERS BY FOSTERING CONFIDENCE AND CREATE INDEPENDENT THINKERS AND LIFELONG LEARNERS. AFTERSCHOOL PROGRAMS ARE OFFERED TO STUDENTS FOR ALL AGES ON TUESDAYS FROM 4:15 TO 5:15PM. PROGRAMS ARE OFFERED FOR A FALL, WINDER, AND SPRING SESSIONS. CLASSES ARE TAUGHT BY EXPERIENCED INSTRUCTORS FROM THE COMMUNITY WHO FOCUS ON CHILDREN'S CREATIVITY, ENGAGEMENT, AND UNDERSTANDING THROUGH FUN, INTERACTIVE PROJECTS, AND LESSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TWO BOARD MEMBERS HAVE A FAMILY CONNECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR TO FILING, FORM 990 IS REVIEWED BY AN OFFICER OF THE ORGANIZATION WHO IS A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY ALL MUST SIGN THE ANNUAL CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARIES FOR EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt093741
IRS990/TotalAssetsEOYAmt085530
IRS990/TotalAssetsGrp/BOYAmt093741
IRS990/TotalAssetsGrp/EOYAmt085530
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01525
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083866
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0269038
IRS990/TotalFunctionalExpensesGrp/TotalAmt0352904
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046855
IRS990/TotalLiabilitiesEOYAmt098788
IRS990/TotalLiabilitiesGrp/BOYAmt046855
IRS990/TotalLiabilitiesGrp/EOYAmt098788
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt046886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-13258
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt04442
IRS990/TotalOtherProgSrvcRevenueAmt05675
IRS990/TotalProgramServiceExpensesAmt0269038
IRS990/TotalProgramServiceRevenueAmt0291235
IRS990/TotalReportableCompFromOrgAmt025417
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0291235
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0292760
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt093741
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt085530
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt046886
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-13258
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0247 PLEASANT STREET
IRS990/USAddress/CityNm0MARBLEHEAD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.FAIRWINDLEARNINGCENTER.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANA COLMENERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819901862
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAIRWIND LEARNING CENTER
ReturnHeader/Filer/BusinessNameControlTxt0FAIR
ReturnHeader/Filer/EIN0471588668
ReturnHeader/Filer/PhoneNum07819901862
ReturnHeader/Filer/USAddress/AddressLine1Txt0247 PLEASANT STREET
ReturnHeader/Filer/USAddress/CityNm0MARBLEHEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042206126
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAPHAEL AND RAPHAEL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt052 CHURCH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002116
ReturnHeader/PreparerPersonGrp/PhoneNum06172101200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN M LYDON
ReturnHeader/ReturnTs02017-05-15T14:03:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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