Civic Intelligence

Innovation Learning Center Inc

990EZ • Fiscal year 2021 • EIN 47-2748316

Jul 01, 2020 to Jun 30, 2021 • Filed on Jun 06, 2022

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

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

33rd percentile

-1.1%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

90th percentile

$40,758

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 81.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

18th percentile

-20%

Faster asset growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

-9.8%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$46,450

Down $11,744 (-20%) from 2020

Net Assets

Down

$46,450

Down $531 (-1.1%) from 2020

Liabilities

Down

$0

Down $11,213 (-100%) from 2020

Revenue

Down

$49,935

Down $5,395 (-9.8%) from 2020

Expenses

Down

$50,466

Down $52,179 (-51%) from 2020

Net Income

Up

-$531

Up $46,784 (+99%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$46,450
Liabilities$0
Net Assets$46,450

Operations Trend

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

2021

Revenue$49,935
Expenses$50,466
Net Income-$531
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jun 6, 2022
Return Version
2020v4.2
Gross Receipts
$49,935
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.

Program Services

DescriptionGrantsExpenses
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.$0$26,692
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHLEEN MAGRANEPresidentFT$40,758-$40,758
KASEY APPLEMANDirector-$0--
JOANNE SUAREZDirector-$0--
MEREDITH BALDERSTONDirector-$0--
JUSTIN KELLYTreasurerPT$0--
CHRSTOPHER MULCAHYClerkPT$0--
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
2022-06-06
Discuss with paid preparer
Yes

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 197.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: miscellaneous revenue. Amount: 53.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank charges and fees. Amount: 695. Description: computer and internet. Amount: 585. Description: interest expense. Amount: 194. Description: filing fees. Amount: 54. Description: meetings and seminars. Amount: 145. Description: office supplies and expenses. Amount: 1,150. Description: telephone. Amount: 1,238. Description: travel. Amount: 509. Total to form 990-ez, line 16: 4,570.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 13,800. End of year amount: 20,000.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: ppp loans. Beg. Of year amount: 11,213. End of year amount: 0.

Raw XML Appendix184 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JUSTIN KELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHRSTOPHER MULCAHY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt013800
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt04570
IRS990EZ/OtherRevenueTotalAmt053
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 197.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MISCELLANEOUS REVENUE. AMOUNT: 53.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 695. DESCRIPTION: COMPUTER AND INTERNET. AMOUNT: 585. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 194. DESCRIPTION: FILING FEES. AMOUNT: 54. DESCRIPTION: MEETINGS AND SEMINARS. AMOUNT: 145. DESCRIPTION: OFFICE SUPPLIES AND EXPENSES. AMOUNT: 1,150. DESCRIPTION: TELEPHONE. AMOUNT: 1,238. DESCRIPTION: TRAVEL. AMOUNT: 509. TOTAL TO FORM 990-EZ, LINE 16: 4,570.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 13,800. END OF YEAR AMOUNT: 20,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: PPP LOANS. BEG. OF YEAR AMOUNT: 11,213. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/ReturnTs02022-06-06T14:44:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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