Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Innovation Learning Center Inc
990EZ • Fiscal year 2024 • EIN 47-2748316
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
36th percentile
Faster revenue growth than 36% of similar nonprofits.
Balance Sheet
Assets
Up$198,403
Up $69,883 (+54%) from 2023
Net Assets
$198,403
No earlier filing loaded for comparison.
Liabilities
Flat$0
Flat from 2023
Revenue And Expenses
Revenue
Down$121,261
Down $10,488 (-8.0%) from 2023
Expenses
Up$142,049
Up $2,928 (+2.1%) from 2023
Net Income
Down-$20,788
Down $13,416 (-182%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Apr 22, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $121,261
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
| Description | Grants | Expenses |
|---|---|---|
| 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 | $113,640 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KASEY APPLEMAN | Director | - | $0 | - | - |
| JOANNE SUAREZ | Director | - | $0 | - | - |
| MEREDITH BALDERSTON | Director | - | $0 | - | - |
| KATHLEEN MAGRANE | President | FT | $0 | - | - |
| JUSTIN KELLY | Treasurer | PT | $0 | - | - |
| CHRSTOPHER MULCAHY | Clerk | PT | $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
- 2025-04-22
Preparer
- Firm
- Non Profit Capital Management LLC
- Address
- 153 CLINTON RD, STERLING, MA 01564-2357
- Preparer
- Brian Kindorf
- Phone
- 7819336726
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank charges and fees. Amount: 255. Description: computer and internet. Amount: 2,503. Description: filing fees. Amount: 201. Description: office supplies and expenses. Amount: 11,703. Description: telephone. Amount: 1,586. Description: travel. Amount: 13,536. Description: miscellaneous. Amount: 6,954. Description: donations. Amount: 1,883. Total to form 990-ez, line 16: 38,621.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 113,189. End of year amount: 113,189. Description: payroll liabilities. Beg. Of year amount: 1,216. End of year amount: 5,311.”
Raw XML Appendix166 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KATHLEEN MAGRANE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6179087408 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 11 JASPER STREET EXTENSION |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WESTBOROUGH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01581 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 104786 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 79903 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 121261 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -20788 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 26030 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 219191 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 198403 |
| IRS990EZ/GrossReceiptsAmt | 0 | 121261 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 219191 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 198403 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 219191 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 198403 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 4150 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KASEY APPLEMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOANNE SUAREZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MEREDITH BALDERSTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KATHLEEN MAGRANE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JUSTIN KELLY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | CHRSTOPHER MULCAHY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | CLERK |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 114405 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 118500 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 38621 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 710 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 113640 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 72538 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 142049 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 113640 |
| IRS990EZ/TotalRevenueAmt | 0 | 121261 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MASSILC.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 121261 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 131746 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 177127 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49685 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 55328 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 535147 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 197 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 2 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 206 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2479 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 53 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 2532 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.74810 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.67580 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 402413 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 132734 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 121261 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 131746 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 177127 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 49685 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 55328 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 535147 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 537885 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: BANK CHARGES AND FEES. AMOUNT: 255. DESCRIPTION: COMPUTER AND INTERNET. AMOUNT: 2,503. DESCRIPTION: FILING FEES. AMOUNT: 201. DESCRIPTION: OFFICE SUPPLIES AND EXPENSES. AMOUNT: 11,703. DESCRIPTION: TELEPHONE. AMOUNT: 1,586. DESCRIPTION: TRAVEL. AMOUNT: 13,536. DESCRIPTION: MISCELLANEOUS. AMOUNT: 6,954. DESCRIPTION: DONATIONS. AMOUNT: 1,883. TOTAL TO FORM 990-EZ, LINE 16: 38,621. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 113,189. END OF YEAR AMOUNT: 113,189. DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 1,216. END OF YEAR AMOUNT: 5,311. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KATHLEEN MAGRANE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6179087408 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-04-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INNOVATION LEARNING CENTER INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INNO |
| ReturnHeader/Filer/EIN | 0 | 472748316 |
| ReturnHeader/Filer/PhoneNum | 0 | 6179087408 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 11 JASPER STREET EXTENSION |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WESTBOROUGH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 01581 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 383697447 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NON PROFIT CAPITAL MANAGEMENT LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 153 CLINTON RD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | STERLING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 015642357 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7819336726 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRIAN KINDORF |
| ReturnHeader/ReturnTs | 0 | 2025-04-22T13:17:45-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $198,403
- Liabilities
- $0
- Net assets
- $198,403
- Revenue
- $121,261
- Expenses
- $142,049
- Net income
- -$20,788