Civic Intelligence

Innovation Learning Center Inc

990EZ • Fiscal year 2023 • EIN 47-2748316

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

32nd percentile

-5.6%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$44,502

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 33.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

38th percentile

-5.4%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-27%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$128,520

Flat from 2023

Net Assets

$128,520

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2023

Revenue

Flat

$131,749

Flat from 2023

Expenses

Flat

$139,121

Flat from 2023

Net Income

Flat

-$7,372

Flat from 2023

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: $0Net Assets 2023: $128,5202023Assets 2023: $128,520Liabilities 2023: $02023

Highlighted filing

2023

Assets$128,520
Liabilities$0
Net Assets$128,520

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: -$7,3722023Revenue 2023: $131,749Expenses 2023: $139,121Net Income 2023: -$7,3722023

Highlighted filing

2023

Revenue$131,749
Expenses$139,121
Net Income-$7,372
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$131,749
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$95,147
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHLEEN MAGRANEPresidentFT$44,502-$44,502
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
2024-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 302, 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: 3.

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

Description: bank charges and fees. Amount: 1,111. Description: computer and internet. Amount: 1,710. Description: filing fees. Amount: 121. Description: meetings and seminars. Amount: 1,007. Description: office supplies and expenses. Amount: 12,838. Description: telephone. Amount: 1,191. Description: travel. Amount: 10,437. Description: miscellaneous. Amount: 8,410. Description: donations. Amount: 350. Total to form 990-ez, line 16: 37,175.

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

Description: accounts receivable. Beg. Of year amount: 86,339. End of year amount: 17,250.

Raw XML Appendix183 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KASEY APPLEMAN
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/BOYAmt086339
IRS990EZ/OtherAssetsTotalDetail/EOYAmt017250
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt037175
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.
IRS990EZ/PrintingPublicationsPostageAmt0674
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SalariesOtherCompEmplBnftAmt056739
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0131746
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0177127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt049685
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0538086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt053
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02532
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0131746
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124200
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0538086
IRS990ScheduleA/TotalSupportAmt0540826
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 1,111. DESCRIPTION: COMPUTER AND INTERNET. AMOUNT: 1,710. DESCRIPTION: FILING FEES. AMOUNT: 121. DESCRIPTION: MEETINGS AND SEMINARS. AMOUNT: 1,007. DESCRIPTION: OFFICE SUPPLIES AND EXPENSES. AMOUNT: 12,838. DESCRIPTION: TELEPHONE. AMOUNT: 1,191. DESCRIPTION: TRAVEL. AMOUNT: 10,437. DESCRIPTION: MISCELLANEOUS. AMOUNT: 8,410. DESCRIPTION: DONATIONS. AMOUNT: 350. TOTAL TO FORM 990-EZ, LINE 16: 37,175.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 86,339. END OF YEAR AMOUNT: 17,250.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN MAGRANE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06179087408
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION LEARNING CENTER INC
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ReturnHeader/Filer/EIN0472748316
ReturnHeader/Filer/PhoneNum06179087408
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431985162
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH SULLIVAN & BROWN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 FLANDERS ROAD - SUITE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05088717178
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDRA M BROWN CPA
ReturnHeader/ReturnTs02024-05-09T11:36:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHLEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAGRANE
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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Filings