Civic Intelligence

Fairwind Learning Center Corp

990 • Fiscal year 2022 • EIN 47-1588668

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

84th percentile

0.38x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.07x

Higher debt load relative to revenue than 64% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

56th percentile

10.0%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

20th percentile

-11%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Down

$101,395

Down $12,221 (-11%) from 2021

Net Assets

Up

$62,867

Up $55,009 (+700%) from 2021

Liabilities

Down

$38,528

Down $67,230 (-64%) from 2021

Revenue

Up

$551,086

Up $551,086 from 2021

Expenses

Up

$496,078

Up $467,753 (+1651%) from 2021

Net Income

Up

$55,008

Up $83,333 (+294%) from 2021

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

2022

Assets$101,395
Liabilities$38,528
Net Assets$62,867

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

2022

Revenue$551,086
Expenses$496,078
Net Income$55,008
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$552,357
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 educational programs for children ages 2-6 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$92,571$64,886▼ $27,685
Land, Buildings, and Equipment, Net$19,845$18,032▼ $1,813
Pledges and Grants Receivable-$17,277-
Prepaid Expenses and Deferred Charges$1,200$1,200→ $0
Total Assets$113,616$101,395▼ $12,221
Liabilities
Other Liabilities$80,558$0▼ $80,558
Deferred Revenue$11,250$23,750▲ $12,500
Accounts Payable and Accrued Expenses$13,950$14,778▲ $828
Total Liabilities$105,758$38,528▼ $67,230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,858$62,867▲ $55,009
Total Net Assets Fund Balance$7,858$62,867▲ $55,009
Total Liabilities and Net Assets / Fund Balance$113,616$101,395▼ $12,221

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,371$6,450-
Equipment$13,489$47,801-
Leasehold Improvements$3,172$13,281-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ana ColmeneroPresident
Tiffany UttamExecutive Director
Alexa SquiteriClerk
Jill WeiseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,935
Program Service Revenue
$449,825
Investment Income
$0
Other Revenue
$1,326
All Other Contributions
$2,100
Change in Net Assets
$55,008

Audited Revenue Reconciliation

Revenue per Audited Statements
$551,086
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$89,767
Total Revenue per Audited Statements
$640,853
Total Revenue per Form 990
$551,086
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$361,134
Other Expenses$134,944
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$245,944$78,685-$324,629
Payroll Taxes$26,746$8,599-$35,345
Fees for Services Accounting-$21,097-$21,097
Office Expenses$17,757$2,829-$20,586
All Other Expenses$1,476$4,289-$5,765
Depreciation Depletion$4,132$1,081-$5,213
Insurance-$4,986-$4,986
Other Expenses$4,051$213-$4,264
Other Employee Benefits$878$282-$1,160
Advertising-$1,153-$1,153
Total Functional Expenses$369,585$126,493$0$496,078

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$585,846
Expenses per Audited Statements$496,079
Total Expenses per Form 990$496,079
Expenses Not Reported on Form 990$89,767
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
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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 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
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ana Colmenero
Formed
2014
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
12
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

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of good sold for pizza

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of good sold for pizza

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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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IRS990/Desc0FAIRWIND PROVIDES FULL AND HALF DAY TRANSITIONAL KINDERGARTEN AND PRESCHOOL CLASSES FOR CHILDREN AGES 4 THROUGH 6 AND TODDLER CLASSES FOR CHILDREN AGE 2 THAT ENCOURAGE CHILDREN TO ASK QUESTIONS AND BECOME PROBLEM SOLVERS BY FOSTERING CONFIDENCE AND CREATING INDEPENDENT THINKERS AND LIFELONG LEARNERS. TRANSITIONAL KINDERGARTEN STUDENTS ATTEND THE PROGRAM MONDAY THROUGH FRIDAY WHILE PRESCHOOL STUDENTS ATTEND THE CENTER MONDAY, WEDNESDAY AND FRIDAY AND STUDENTS OF THE TODDLER CLASS ATTEND ON TUESDAY AND THURSDAY.
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt07821
IRS990ScheduleD/OtherRevenueAmt01271
IRS990ScheduleD/RevenueNotReportedAmt089767
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0551086
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOOD SOLD FOR PIZZA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOOD SOLD FOR PIZZA
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018032
IRS990ScheduleD/TotalExpensesPerForm990Amt0496079
IRS990ScheduleD/TotalRevenuePerForm990Amt0551086
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0640853
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0585846
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/ExplanationTxt1QUESTION 4B - THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR ANY OTHER FORM OF FINANCIAL ASSISTANCE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR 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/ExplanationTxt2ANNUALLY ALL MUST SIGN THE ANNUAL CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARIES FOR EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0113616
IRS990/TotalAssetsEOYAmt0101395
IRS990/TotalAssetsGrp/BOYAmt0113616
IRS990/TotalAssetsGrp/EOYAmt0101395
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt099935
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126493
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0369585
IRS990/TotalFunctionalExpensesGrp/TotalAmt0496078
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105758
IRS990/TotalLiabilitiesEOYAmt038528
IRS990/TotalLiabilitiesGrp/BOYAmt0105758
IRS990/TotalLiabilitiesGrp/EOYAmt038528
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07858
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062867
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0369585
IRS990/TotalProgramServiceRevenueAmt0449825
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0451151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0551086
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0113616
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0101395
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0247 PLEASANT STREET
IRS990/USAddress/CityNm0MARBLEHEAD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001945
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.FAIRWINDLEARNINGCENTER.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANA COLMENERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819901862
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
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/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/ReturnTs02023-05-15T15:23:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLMENERO
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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