Civic Intelligence

Curious Learning a Global Literacy Project Inc.

990 • Fiscal year 2016 • EIN 47-1892766

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 16, 2017

34A Walker StreetCambridge, MA 02138

(617) 674-2707

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$52,948

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

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

Asset Growth

95th percentile

196%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

89th percentile

64%

Faster revenue growth than 89% of similar nonprofits.

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

Assets

Up

$92,170

Up $61,005 (+196%) from 2015

Net Assets

Up

$86,960

Up $55,795 (+179%) from 2015

Liabilities

Up

$5,210

Up $5,210 from 2015

Revenue

Up

$336,968

Up $130,908 (+64%) from 2015

Expenses

Up

$279,107

Up $104,212 (+60%) from 2015

Net Income

Up

$57,861

Up $26,696 (+86%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $31,165Liabilities 2015: $0Net Assets 2015: $31,1652015Assets 2016: $92,170Liabilities 2016: $5,210Net Assets 2016: $86,9602016Assets 2017: $106,925Liabilities 2017: $3,550Net Assets 2017: $103,3752017Assets 2018: $265,527Liabilities 2018: $14,273Net Assets 2018: $251,2542018Assets 2019: $213,912Liabilities 2019: $24,562Net Assets 2019: $189,3502019Assets 2020: $214,018Liabilities 2020: $96,084Net Assets 2020: $117,9342020Assets 2021: $553,798Liabilities 2021: $79,006Net Assets 2021: $474,7922021Assets 2022: $719,105Liabilities 2022: $38,265Net Assets 2022: $680,8402022Assets 2023: $1,843,930Liabilities 2023: $35,405Net Assets 2023: $1,808,5252023Assets 2024: $2,637,608Liabilities 2024: $105,923Net Assets 2024: $2,531,6852024Assets 2025: $2,358,118Liabilities 2025: $46,224Net Assets 2025: $2,311,8942025

Highlighted filing

2016

Assets$92,170
Liabilities$5,210
Net Assets$86,960

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $206,060Expenses 2015: $174,895Net Income 2015: $31,1652015Revenue 2016: $336,968Expenses 2016: $279,107Net Income 2016: $57,8612016Revenue 2017: $556,511Expenses 2017: $540,096Net Income 2017: $16,4152017Revenue 2018: $791,019Expenses 2018: $643,140Net Income 2018: $147,8792018Revenue 2019: $764,334Expenses 2019: $826,240Net Income 2019: -$61,9062019Revenue 2020: $676,260Expenses 2020: $747,676Net Income 2020: -$71,4162020Revenue 2021: $1,169,219Expenses 2021: $812,361Net Income 2021: $356,8582021Revenue 2022: $1,441,174Expenses 2022: $1,235,126Net Income 2022: $206,0482022Revenue 2023: $2,264,188Expenses 2023: $1,136,503Net Income 2023: $1,127,6852023Revenue 2024: $2,465,681Expenses 2024: $1,748,774Net Income 2024: $716,9072024Revenue 2025: $2,046,190Expenses 2025: $2,265,981Net Income 2025: -$219,7912025

Highlighted filing

2016

Revenue$336,968
Expenses$279,107
Net Income$57,861
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 16, 2017
Return Version
2015v3.0
Gross Receipts
$336,968
Mission and Program Overview

Mission

To provide access for everyone who wants to learn how to read to have an opportunity to do so

To make sure every child has access to education-regardless of resources or location.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$29,099$92,170▲ $63,071
Total Assets$31,165$92,170▲ $61,005
Other Assets Total$2,066$0▼ $2,066
Liabilities
Accounts Payable and Accrued Expenses$0$5,210▲ $5,210
Total Liabilities$0$5,210▲ $5,210
Net Assets / Fund Balance
Unrestricted Net Assets$31,165$86,960▲ $55,795
Total Net Assets Fund Balance$31,165$86,960▲ $55,795
Total Liabilities and Net Assets / Fund Balance$31,165$92,170▲ $61,005
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie GottwaldVP/secretary/Director of ContentPT$52,948$52,948
Tinsley Galyean PhdPresident/treasurer/exec. DirectorPT$13,650$13,650

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$336,968
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$336,968
Change in Net Assets
$57,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$160,266
Other Expenses$118,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,900$8,100-$81,000
Information Technology$68,190$659-$68,849
Current Officers, Directors, Trustees, and Key Employees$50,546$5,616-$56,162
Fees for Services Other$18,977$313-$19,290
Payroll Taxes$10,516$1,168-$11,684
Other Employee Benefits$10,278$1,142-$11,420
Occupancy$7,650$850-$8,500
Other Expenses$6,373$708-$7,081
Travel$4,632--$4,632
Fees for Services Legal$4,467$74-$4,541
Fees for Services Accounting$4,093$67-$4,160
Office Expenses$662$330-$992
Insurance$716$80-$796
Total Functional Expenses$260,000$19,107$0$279,107
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
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
No
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 B, Line 11

The federal form 990 is prepared by our public accounting firm and then first reviewed by the chair and executive director. Upon agreement with the reporting, the draft version of the federal form 990 is then presented to the full board of directors for their review and comment prior to filing with the internal revenue service.

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

The board of directors annually reviews the conflict of interest policy and discloses any potential conflict of interest. All staff and the board of directors sign a conflict of interest disclosure statement annually. The coi policy is always taken into consideration when there is the potential for conflict, particularly when signing new contracts or beginning new relationships. Any possible appearance of conflict of interest that arises in the course of business is researched to determine the existence of a conflict. If a contract is to be made with a related party, it is disclosed to the board of directors and a vote is taken. Board members are precluded from voting on matters for which a conflict exists.

Form 990, Part VI, Section B, Line 15A

Curious learning has a compensation committee that is comprised of members of the board of directors. The committee uses comparable data, such as the federal form 990 of other commensurate non-profit organizations, and a compensation survey to determine the compensation for the executive director. This decision is documented in the minutes at the time of the decision.

Form 990, Part VI, Section C, Line 19

Curious learning makes its governing documents, conflict of interest policy, financial statements, as well as their federal forms 990 and 1023 available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Curious Learning a Global Literacy
EIN
47-1892766
Phone
6176742707
Address
34A WALKER STREET, CAMBRIDGE, MA 02138

Signing Officer

Name
Tinsley Galyean Phd
Title
President/treasurer/exec. Director
Phone
6176742707
Signed
2017-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tinsley Galyean Phd
Formed
2014
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
5

Preparer

Firm
Raffa Pc
Address
1899 L STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2028225000
Supplemental Narrative

Additional Explanations

Part XII, Line 1

Curious learning changed it's accounting method from cash basis to modified cash basis for the year ended august 31, 2016.

Financial Statement Notes

PART X, LINE 2:

Curious learning evaluated its uncertainty in income taxes for the years ended august 31, 2016 and 2015, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status.

Raw XML Appendix343 raw XML fields

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/MissionDesc0THE MISSION OF CURIOUS LEARNING A GLOBAL LITERACY PROJECT, INC. (CURIOUS LEARNING) IS TO MAKE SURE EVERY CHILD HAS ACCESS TO EDUCATION-REGARDLESS OF RESOURCES OR LOCATION. CHILDREN ARE WIRED TO LEARN, EVEN WITHOUT TEACHERS, SCHOOLS OR BOOKS. THIS NATURAL CAPACITY IS WHAT DRIVES THE CURIOUS LEARNING SYSTEM, AN EXCITING, NEW, EVIDENCE-BASED APPROACH THAT ACTUALLY HELPS CHILDREN TEACH THEMSELVES TO READ-AND MASTER THE SKILLS THEY NEED TO PURSUE FULL, REWARDING LIVES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS CURIOUS LEARNING WAS INCORPORATED ON SEPTEMBER 22, 2014, ITS INITIAL 2014 FEDERAL FORM 990 FOR THE PERIOD ENDED AUGUST 31, 2015 WAS A SHORT PERIOD RETURN.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CURIOUS LEARNING EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED AUGUST 31, 2016 AND 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FEDERAL FORM 990 IS PREPARED BY OUR PUBLIC ACCOUNTING FIRM AND THEN FIRST REVIEWED BY THE CHAIR AND EXECUTIVE DIRECTOR. UPON AGREEMENT WITH THE REPORTING, THE DRAFT VERSION OF THE FEDERAL FORM 990 IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY AND DISCLOSES ANY POTENTIAL CONFLICT OF INTEREST. ALL STAFF AND THE BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE COI POLICY IS ALWAYS TAKEN INTO CONSIDERATION WHEN THERE IS THE POTENTIAL FOR CONFLICT, PARTICULARLY WHEN SIGNING NEW CONTRACTS OR BEGINNING NEW RELATIONSHIPS. ANY POSSIBLE APPEARANCE OF CONFLICT OF INTEREST THAT ARISES IN THE COURSE OF BUSINESS IS RESEARCHED TO DETERMINE THE EXISTENCE OF A CONFLICT. IF A CONTRACT IS TO BE MADE WITH A RELATED PARTY, IT IS DISCLOSED TO THE BOARD OF DIRECTORS AND A VOTE IS TAKEN. BOARD MEMBERS ARE PRECLUDED FROM VOTING ON MATTERS FOR WHICH A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CURIOUS LEARNING HAS A COMPENSATION COMMITTEE THAT IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE USES COMPARABLE DATA, SUCH AS THE FEDERAL FORM 990 OF OTHER COMMENSURATE NON-PROFIT ORGANIZATIONS, AND A COMPENSATION SURVEY TO DETERMINE THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THIS DECISION IS DOCUMENTED IN THE MINUTES AT THE TIME OF THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURIOUS LEARNING MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AS WELL AS THEIR FEDERAL FORMS 990 AND 1023 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CURIOUS LEARNING CHANGED IT'S ACCOUNTING METHOD FROM CASH BASIS TO MODIFIED CASH BASIS FOR THE YEAR ENDED AUGUST 31, 2016.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 1
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt031165
IRS990/TotalAssetsEOYAmt092170
IRS990/TotalAssetsGrp/BOYAmt031165
IRS990/TotalAssetsGrp/EOYAmt092170
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0336968
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019107
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0279107
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt05210
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt05210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt086960
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0260000
IRS990/TotalReportableCompFromOrgAmt066598
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0336968
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt031165
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt092170
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04632
IRS990/TravelGrp/TotalAmt04632
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt031165
IRS990/UnrestrictedNetAssetsGrp/EOYAmt086960
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt034A WALKER STREET
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002138
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CURIOUSLEARNING.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TINSLEY GALYEAN PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER/EXEC. DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum06176742707
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CURIOUS LEARNING A GLOBAL LITERACY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0CURI
ReturnHeader/Filer/EIN0471892766
ReturnHeader/Filer/PhoneNum06176742707
ReturnHeader/Filer/USAddress/AddressLine1Txt034A WALKER STREET
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521511275
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAFFA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01899 L STREET NW SUITE 850
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02028225000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK H SMITH
ReturnHeader/ReturnTs02017-07-16T12:01:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01
ReturnHeader/TaxPeriodEndDt02016-08-31
ReturnHeader/TaxYr02015

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