Civic Intelligence

Atlantis Educational Foundation Inc.

990 • Fiscal year 2020 • EIN 47-1751988

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 27, 2021

37 Park StreetFall River, MA 02724

(508) 646-6401

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.11x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

6th percentile

-59%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$167,735

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 102.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

16th percentile

-4.4%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-12%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$1,741,597

Down $80,086 (-4.4%) from 2019

Net Assets

Down

$1,722,976

Down $97,019 (-5.3%) from 2019

Liabilities

Up

$18,621

Up $16,933 (+1003%) from 2019

Revenue

Down

$163,277

Down $22,927 (-12%) from 2019

Expenses

Up

$260,296

Up $87 (+0.0%) from 2019

Net Income

Down

-$97,019

Down $23,014 (-31%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $1,764,363Liabilities 2016: $1,798Net Assets 2016: $1,762,5652016Assets 2017: $1,711,218Liabilities 2017: $1,811Net Assets 2017: $1,709,4072017Assets 2018: $1,895,696Liabilities 2018: $1,696Net Assets 2018: $1,894,0002018Assets 2019: $1,821,683Liabilities 2019: $1,688Net Assets 2019: $1,819,9952019Assets 2020: $1,741,597Liabilities 2020: $18,621Net Assets 2020: $1,722,9762020Assets 2021: $1,705,458Liabilities 2021: $72Net Assets 2021: $1,705,3862021Assets 2022: $1,700,926Liabilities 2022: $0Net Assets 2022: $1,700,9262022Assets 2023: $1,199,549Liabilities 2023: $0Net Assets 2023: $1,199,5492023Assets 2024: $1,243,227Liabilities 2024: $0Net Assets 2024: $1,243,2272024Assets 2025: $1,291,158Liabilities 2025: $0Net Assets 2025: $1,291,1582025

Highlighted filing

2020

Assets$1,741,597
Liabilities$18,621
Net Assets$1,722,976

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $1,838,282Expenses 2016: $75,717Net Income 2016: $1,762,5652016Revenue 2017: $238,877Expenses 2017: $292,035Net Income 2017: -$53,1582017Revenue 2018: $564,360Expenses 2018: $379,767Net Income 2018: $184,5932018Revenue 2019: $186,204Expenses 2019: $260,209Net Income 2019: -$74,0052019Revenue 2020: $163,277Expenses 2020: $260,296Net Income 2020: -$97,0192020Revenue 2021: $153,928Expenses 2021: $171,518Net Income 2021: -$17,5902021Revenue 2022: $253,787Expenses 2022: $258,247Net Income 2022: -$4,4602022Revenue 2023: $731,000Expenses 2023: $1,232,377Net Income 2023: -$501,3772023Revenue 2024: $139,471Expenses 2024: $95,793Net Income 2024: $43,6782024Revenue 2025: $135,620Expenses 2025: $87,689Net Income 2025: $47,9312025

Highlighted filing

2020

Revenue$163,277
Expenses$260,296
Net Income-$97,019
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 27, 2021
Return Version
2019v5.1
Gross Receipts
$163,277
Mission and Program Overview

Mission

To support atlantis charter school.

The purpose of the atlantis educational foundation, inc. Is to support the atlantis charter school, inclusive of raising money for the purposes of funding education for children and preparing them for life and work in the 21st century and beyond, as well as buying, selling, leasing and/or mortgaging of real property for the benefit of the atlantis charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$964,549$962,160▼ $2,389
Land, Buildings, and Equipment, Net$741,934$709,787▼ $32,147
Pledges and Grants Receivable$113,400$69,650▼ $43,750
Prepaid Expenses and Deferred Charges$1,800--
Total Assets$1,821,683$1,741,597▼ $80,086
Liabilities
Other Liabilities$0$16,790▲ $16,790
Accounts Payable and Accrued Expenses$1,688$1,831▲ $143
Total Liabilities$1,688$18,621▲ $16,933
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,819,995$1,678,305▼ $141,690
Net Assets With Donor Restrictions-$44,671-
Total Net Assets Fund Balance$1,819,995$1,722,976▼ $97,019
Total Liabilities and Net Assets / Fund Balance$1,821,683$1,741,597▼ $80,086

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$629,787$683,861$1,313,648
Land$80,000-$80,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$99,580
Program Service Revenue
$60,000
Investment Income
$3,697
Other Revenue
$0
All Other Contributions
$99,580
Change in Net Assets
$-97,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$135,000
Salaries, Compensation, and Employee Benefits$86,654
Other Expenses$38,642
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$135,000--$135,000
Other Salaries and Wages$86,654--$86,654
Depreciation Depletion-$32,148-$32,148
Fees for Services Other-$3,155-$3,155
Insurance-$2,401-$2,401
Other Expenses-$938-$938
Total Functional Expenses$221,654$38,642$0$260,296
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlantis Charter School--To Support the Charter School$135,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable$16,790
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization documents minutes of the board of trustees, however minutes are not kept for the subcommittees. The sub-committees report to full board and any recommendations or actions are documented in the board minutes.

Form 990, Part VI, Section B, Line 11B

The board is provided with a copy of the return before filing. The board president reviews the return in detail and approves the return.

Form 990, Part VI, Section C, Line 19

The organization makes the information available upon request.

Filing and Contact Details

Filer

Filer Name
Atlantis Educational Foundation Inc
EIN
47-1751988
Phone
5086466401
Address
37 PARK STREET, FALL RIVER, MA 02724

Signing Officer

Name
Roger Saint-pierre
Title
President
Phone
5086721821
Signed
2021-01-27

Organization Details

Principal Officer
Roger Saint-pierre
Formed
2014
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
8

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 308A, DEDHAM, MA 02026
Preparer
COLLEEN D'ALFONSO
Phone
6172629898
Supplemental Narrative

Additional Explanations

Form 990, Part XII Line 2C

There was no change in the oversight process or selection during the tax year.

Financial Statement Notes

PART X, LINE 2:

The foundation evaluates tax positions taken or expected to be taken in its tax returns to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold, along with accrued interst and penalty thereon would be recorded as an expense in the current year financial statements. At june 30, 2020, the foundation believes that it has no uncertain tax positions within any of its open tax years. The foundation's 2017-2019 tax years remain subject to examination by federal and state authorities.

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IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0135000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0629787
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0683861
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01313648
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt080000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016790
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTERST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT JUNE 30, 2020, THE FOUNDATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX YEARS. THE FOUNDATION'S 2017-2019 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0709787
IRS990ScheduleD/TotalLiabilityAmt016790
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0135000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ATLANTIS CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0043283085
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0167735
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT L BEATTY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0167735
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOCUMENTS MINUTES OF THE BOARD OF TRUSTEES, HOWEVER MINUTES ARE NOT KEPT FOR THE SUBCOMMITTEES. THE SUB-COMMITTEES REPORT TO FULL BOARD AND ANY RECOMMENDATIONS OR ACTIONS ARE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS PROVIDED WITH A COPY OF THE RETURN BEFORE FILING. THE BOARD PRESIDENT REVIEWS THE RETURN IN DETAIL AND APPROVES THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES THE INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION DURING THE TAX YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ATLANTIS CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043283085
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL ENTITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATE A CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02501 SOUTH MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FALL RIVER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002724
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt060000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1135000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ATLANTIS CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1ATLANTIS CHARTER SCHOOL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01821683
IRS990/TotalAssetsEOYAmt01741597
IRS990/TotalAssetsGrp/BOYAmt01821683
IRS990/TotalAssetsGrp/EOYAmt01741597
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt099580
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038642
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0221654
IRS990/TotalFunctionalExpensesGrp/TotalAmt0260296
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01688
IRS990/TotalLiabilitiesEOYAmt018621
IRS990/TotalLiabilitiesGrp/BOYAmt01688
IRS990/TotalLiabilitiesGrp/EOYAmt018621
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01819995
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01722976
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0221654
IRS990/TotalProgramServiceRevenueAmt060000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03697
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt060000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0163277
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01821683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01741597
IRS990/TotReportableCompRltdOrgAmt0167735
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

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