Civic Intelligence

Innovation Learning Center Inc

990EZ • Fiscal year 2022 • EIN 47-2748316

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 20, 2023

11 Jasper Street ExtensionWestborough, MA 01581

(617) 908-7408

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$43,500

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

95th percentile

193%

Faster asset growth than 95% of similar nonprofits.

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

Revenue Growth

93rd percentile

260%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$135,892

Up $89,442 (+193%) from 2021

Net Assets

Up

$135,892

Up $89,442 (+193%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$179,610

Up $129,675 (+260%) from 2021

Expenses

Up

$90,168

Up $39,702 (+79%) from 2021

Net Income

Up

$89,442

Up $89,973 (+16944%) from 2021

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

2022

Assets$135,892
Liabilities$0
Net Assets$135,892

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

2022

Revenue$179,610
Expenses$90,168
Net Income$89,442
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 20, 2023
Return Version
2021v4.2
Gross Receipts
$179,610
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$61,491
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHLEEN MAGRANEPresidentFT$43,500-$43,500
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
11 JASPER STREET EXTENSION, WESTBOROUGH, MA 01581

Signing Officer

Name
Kathleen Magrane
Title
President
Phone
6179087408
Signed
2023-03-20
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: 4.

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

Description: miscellaneous revenue. Amount: 2,479.

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

Description: bank charges and fees. Amount: 1,044. Description: computer and internet. Amount: 1,612. Description: filing fees. Amount: 89. Description: meetings and seminars. Amount: 162. Description: office supplies and expenses. Amount: 5,668. Description: telephone. Amount: 1,202. Description: travel. Amount: 5,589. Total to form 990-ez, line 16: 15,366.

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

Description: accounts receivable. Beg. Of year amount: 20,000. End of year amount: 86,339.

Raw XML Appendix186 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/PersonNm1JOANNE SUAREZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MEREDITH BALDERSTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KATHLEEN MAGRANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JUSTIN KELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHRSTOPHER MULCAHY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CLERK
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt020000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt086339
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt015366
IRS990EZ/OtherRevenueTotalAmt02479
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0INNOVATION LEARNING CENTER INC SUPPORTS AGENCIES AND THEIR PARTNERS IN THEIR WORK TO INNOVATIVELY ENHANCE THE SOCIAL, EMOTIONAL AND EDUCATIONAL DEVELOPMENT OF CHILDREN AND YOUTH.
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IRS990ScheduleA/TotalSupportAmt0532075
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 4.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MISCELLANEOUS REVENUE. AMOUNT: 2,479.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 1,044. DESCRIPTION: COMPUTER AND INTERNET. AMOUNT: 1,612. DESCRIPTION: FILING FEES. AMOUNT: 89. DESCRIPTION: MEETINGS AND SEMINARS. AMOUNT: 162. DESCRIPTION: OFFICE SUPPLIES AND EXPENSES. AMOUNT: 5,668. DESCRIPTION: TELEPHONE. AMOUNT: 1,202. DESCRIPTION: TRAVEL. AMOUNT: 5,589. TOTAL TO FORM 990-EZ, LINE 16: 15,366.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 20,000. END OF YEAR AMOUNT: 86,339.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
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/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum06179087408
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-20
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ReturnHeader/Filer/EIN0472748316
ReturnHeader/Filer/PhoneNum06179087408
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ReturnHeader/PreparerPersonGrp/PhoneNum05088717178
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDRA M BROWN CPA
ReturnHeader/ReturnTs02023-03-20T17:17:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAGRANE
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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