Civic Intelligence

Innovation Learning Center Inc

990 • Fiscal year 2020 • EIN 47-2748316

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 30, 2020

Organization ProfileWWW.MASSILC.COM
74 Townsend RoadScituate, MA 02066

(617) 908-7408

Siviq Scores

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

Liabilities / Assets

80th percentile

0.19x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.20x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

9th percentile

-86%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$39,936

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 72.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

11th percentile

-38%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-55%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$58,194

Down $36,378 (-38%) from 2019

Net Assets

Down

$46,981

Down $47,315 (-50%) from 2019

Liabilities

Up

$11,213

Up $10,937 (+3963%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin9th percentile

Revenue

Down

$55,330

Down $68,872 (-55%) from 2019

Expenses

Down

$102,645

Down $20,785 (-17%) from 2019

Net Income

Down

-$47,315

Down $48,087 (-6229%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$150K$100K$50K$0Assets 2019: $94,572Liabilities 2019: $276Net Assets 2019: $94,2962019Assets 2020: $58,194Liabilities 2020: $11,213Net Assets 2020: $46,9812020Assets 2021: $46,450Liabilities 2021: $0Net Assets 2021: $46,4502021Assets 2022: $135,892Liabilities 2022: $0Net Assets 2022: $135,8922022Assets 2023: $128,520Liabilities 2023: $02023

Highlighted filing

2020

Assets$58,194
Liabilities$11,213
Net Assets$46,981
Open 2020 Filing

Operations Trend

Revenue Growth19th percentile

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

$200K$100K$0-$100KRevenue 2019: $124,202Expenses 2019: $123,430Net Income 2019: $7722019Revenue 2020: $55,330Expenses 2020: $102,645Net Income 2020: -$47,3152020Revenue 2021: $49,935Expenses 2021: $50,466Net Income 2021: -$5312021Revenue 2022: $179,610Expenses 2022: $90,168Net Income 2022: $89,4422022Revenue 2023: $131,749Expenses 2023: $139,121Net Income 2023: -$7,3722023

Highlighted filing

2020

Revenue$55,330
Expenses$102,645
Net Income-$47,315
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 30, 2020
Return Version
2019v5.0
Gross Receipts
$55,330
Mission and Program Overview

Mission

Innovation learning center inc supports agencies and their partners in their work to innovatively enhance the social, emotional and educational development of children and youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$47,750--
Cash and Non-Interest-Bearing Accounts$32,562$34,388▲ $1,826
Accounts Receivable$13,350$13,800▲ $450
Savings and Temporary Cash Investments-$10,006-
Total Assets$94,572$58,194▼ $36,378
Other Assets Total$910--
Liabilities
Other Liabilities-$11,213-
Deferred Revenue$276--
Total Liabilities$276$11,213▲ $10,937
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,296$46,981▼ $47,315
Total Net Assets Fund Balance$94,296$46,981▼ $47,315
Total Liabilities and Net Assets / Fund Balance$94,572$58,194▼ $36,378
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen MagranePresidentFT$39,936$39,936

Board Members and Trustees

NameTitle
Joane SuarezDirector
Kasey ApplemanDirector
Meredith BalderstonDirector
Christopher MulcahyClerk
Justin KellyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$55,328
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$15,328
Change in Net Assets
$-47,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$59,098
Salaries, Compensation, and Employee Benefits$43,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$39,936--$39,936
Fees for Services Other$12,300--$12,300
Travel$102$7,231-$7,333
Payroll Taxes$3,611--$3,611
All Other Expenses$1,148$1,411-$2,559
Office Expenses$1,829$346-$2,175
Occupancy$1,969--$1,969
Other Expenses$1,800$1,370-$1,370
Conferences and Meetings$156--$156
Total Functional Expenses$92,287$10,358$0$102,645
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
Ppp Loan$11,213
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Returns reviewed an approved by the directors and president.”

Form 990, Page 6, Part VI, Line 19

“Federal and state returns displayed on government websites.”

Filing and Contact Details

Filer

Filer Name
Innovation Learning Center Inc
EIN
47-2748316
Phone
6179087408
Address
74 TOWNSEND ROAD, SCITUATE, MA 02066

Signing Officer

Name
Kathleen Magrane
Title
President
Phone
6179087408
Signed
2020-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Magrane
Formed
2014
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Dennis & Associates Pc
Address
176 GRANITE STREET, QUINCY, MA 02169-5016
Preparer
David M Dennis CPA
Phone
6174796300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Outside contract services 12,300 0 0”

Raw XML Appendix321 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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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0176 GRANITE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0QUINCY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0021695016
ReturnHeader/PreparerPersonGrp/PhoneNum06174796300
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID M DENNIS CPA
ReturnHeader/ReturnTs02021-05-04T08:56:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,194
Liabilities
$11,213
Net assets
$46,981
Revenue
$55,330
Expenses
$102,645
Net income
-$47,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.29$0.00$1.32$1.39$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.00$1.36$1.80$0.90$0.89
2021Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.50$0.50$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.11$0.47$0.55$1.03$0.47
2019Summary only. Only limited summary data is available for this year.$0.95$0.00$0.94$1.24$1.23$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits