Civic Intelligence

Fairwind Learning Center Corp

990 • Fiscal year 2018 • EIN 47-1588668

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

88th percentile

0.62x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.18x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

64th percentile

9.7%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

65th percentile

$48,672

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

27th percentile

-4.9%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

36%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$170,563

Down $8,872 (-4.9%) from 2017

Net Assets

Up

$65,634

Up $57,919 (+751%) from 2017

Liabilities

Down

$104,929

Down $66,791 (-39%) from 2017

Revenue

Up

$598,082

Up $157,833 (+36%) from 2017

Expenses

Up

$540,163

Up $120,887 (+29%) from 2017

Net Income

Up

$57,919

Up $36,946 (+176%) from 2017

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

2018

Assets$170,563
Liabilities$104,929
Net Assets$65,634

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

2018

Revenue$598,082
Expenses$540,163
Net Income$57,919
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$602,874
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
Cash and Non-Interest-Bearing Accounts$139,671$134,759▼ $4,912
Loans From Officers Directors$62,947$54,964▼ $7,983
Land, Buildings, and Equipment, Net$39,764$34,098▼ $5,666
Prepaid Expenses and Deferred Charges-$1,586-
Accounts Receivable-$120-
Total Assets$179,435$170,563▼ $8,872
Liabilities
Accounts Payable and Accrued Expenses$20,017$27,365▲ $7,348
Deferred Revenue$88,756$22,600▼ $66,156
Total Liabilities$171,720$104,929▼ $66,791
Net Assets / Fund Balance
Unrestricted Net Assets$7,715$65,634▲ $57,919
Total Net Assets Fund Balance$7,715$65,634▲ $57,919
Total Liabilities and Net Assets / Fund Balance$179,435$170,563▼ $8,872

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,010$28,474$57,484
Leasehold Improvements$0$8,404$8,404
Other Land Buildings$5,088$2,733$7,821
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany UttamExecutive DirectorFT$48,672$48,672

Board Members and Trustees

NameTitle
Ana ColmeneroPresident
Deidra ColcordDirector
Erin Van OtterlooClerk (several Months)
Jill WeiseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,890
Program Service Revenue
$573,802
Investment Income
$0
Other Revenue
$20,390
All Other Contributions
$3,890
Change in Net Assets
$57,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$598,082
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$77,180
Total Revenue per Audited Statements
$675,262
Total Revenue per Form 990
$598,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$386,934
Other Expenses$153,229
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$247,966$39,150-$287,116
Current Officers, Directors, Trustees, and Key Employees-$63,000-$63,000
Payroll Taxes$25,696$11,122-$36,818
Office Expenses$27,555$192-$27,747
Fees for Services Accounting-$13,000-$13,000
All Other Expenses$5,236$5,964-$11,200
Occupancy$9,519$501-$10,020
Depreciation Depletion$9,097--$9,097
Other Expenses$6,909$5,193-$5,193
Insurance-$3,217-$3,217
Interest-$2,017-$2,017
Advertising-$755-$755
Fees for Services Legal-$700-$700
Total Functional Expenses$392,282$147,881$0$540,163

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$617,343
Expenses per Audited Statements$540,163
Total Expenses per Form 990$540,163
Expenses Not Reported on Form 990$77,180
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,060
Fundraising Direct Expenses$4,792
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$62,947$54,964▼ $7,983
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 11B

Prior to filing, form 990 is reviewed by an officer of the organization who is a board member and made available upon request by any member of the board. Also, volunteer controller reviews 990 prior to filing.

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
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ana Colmenero
Formed
2014
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
3
Employees
10
Volunteers
0

Preparer

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

Financial Statement Notes

Schedule D, Part XI, Line 1

Total revenue per financial statement $662,994 fundraising support, net 12,268 total $675,262

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TOTAL REVENUE PER FINANCIAL STATEMENT $662,994 FUNDRAISING SUPPORT, NET 12,268 TOTAL $675,262
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XI, LINE 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034098
IRS990ScheduleD/TotalExpensesPerForm990Amt0540163
IRS990ScheduleD/TotalRevenuePerForm990Amt0598082
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0675262
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0617343
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt054964
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/TotalBalanceDueAmt054964
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO BOARD MEMBERS HAVE A FAMILY CONNECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO FILING, FORM 990 IS REVIEWED BY AN OFFICER OF THE ORGANIZATION WHO IS A BOARD MEMBER AND MADE AVAILABLE UPON REQUEST BY ANY MEMBER OF THE BOARD. ALSO, VOLUNTEER CONTROLLER REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY ALL MUST SIGN THE ANNUAL CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARIES FOR EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0179435
IRS990/TotalAssetsEOYAmt0170563
IRS990/TotalAssetsGrp/BOYAmt0179435
IRS990/TotalAssetsGrp/EOYAmt0170563
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03890
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0147881
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0392282
IRS990/TotalFunctionalExpensesGrp/TotalAmt0540163
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0171720
IRS990/TotalLiabilitiesEOYAmt0104929
IRS990/TotalLiabilitiesGrp/BOYAmt0171720
IRS990/TotalLiabilitiesGrp/EOYAmt0104929
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07715
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt065634
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0392282
IRS990/TotalProgramServiceRevenueAmt0573802
IRS990/TotalReportableCompFromOrgAmt048672
IRS990/TotalRevenueGrp/ExclusionAmt020390
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0573802
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0598082
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0179435
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0170563
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07715
IRS990/UnrestrictedNetAssetsGrp/EOYAmt065634
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0247 PLEASANT STREET
IRS990/USAddress/CityNm0MARBLEHEAD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FAIRWINDLEARNINGCENTER.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANA COLMENERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819901862
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId053FEE156EED5565E72F0B9228042CB7CDF9149E3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.238.128.106
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:43:47
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/ReturnTs02019-05-15T09:43:50-05:00

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