Civic Intelligence

New Era Education Inc.

990 • Fiscal year 2018 • EIN 52-1111598

Jul 01, 2017 to Jun 30, 2018 • Filed on May 28, 2019

4200 Edmondson AvenueBaltimore, MD 21229

(410) 233-5100

Siviq Scores

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

Liabilities / Assets

98th percentile

3.42x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

0.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

33rd percentile

-3.6%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

87th percentile

$30,668

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 18.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

23rd percentile

-17%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-18%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$21,128

Down $4,217 (-17%) from 2017

Net Assets

Down

-$51,172

Down $49,366 (-2733%) from 2017

Liabilities

Up

$72,300

Up $45,149 (+166%) from 2017

Revenue

Down

$165,601

Down $36,119 (-18%) from 2017

Expenses

Down

$171,503

Down $25,492 (-13%) from 2017

Net Income

Down

-$5,902

Down $10,627 (-225%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2009: $0Liabilities 2009: $0Net Assets 2009: $02009Assets 2011: $18,955Liabilities 2011: $18,315Net Assets 2011: $6402011Assets 2012: $22,471Liabilities 2012: $18,315Net Assets 2012: $4,1562012Assets 2013: $14,647Liabilities 2013: $22,732Net Assets 2013: -$8,0852013Assets 2014: $15,220Liabilities 2014: $12,253Net Assets 2014: $2,9672014Assets 2015: $15,391Liabilities 2015: $10,253Net Assets 2015: $5,1382015Assets 2016: $21,699Liabilities 2016: $28,2312016Assets 2017: $25,345Liabilities 2017: $27,151Net Assets 2017: -$1,8062017Assets 2018: $21,128Liabilities 2018: $72,300Net Assets 2018: -$51,1722018Assets 2019: $8,354Liabilities 2019: $70,035Net Assets 2019: -$61,6812019

Highlighted filing

2018

Assets$21,128
Liabilities$72,300
Net Assets-$51,172

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2009: $0Expenses 2009: $0Net Income 2009: $02009Revenue 2011: $218,144Expenses 2011: $220,368Net Income 2011: -$2,2242011Revenue 2012: $238,256Expenses 2012: $234,740Net Income 2012: $3,5162012Revenue 2013: $204,179Expenses 2013: $216,420Net Income 2013: -$12,2412013Revenue 2014: $250,155Expenses 2014: $239,103Net Income 2014: $11,0522014Revenue 2015: $256,731Expenses 2015: $254,560Net Income 2015: $2,1712015Revenue 2016: $174,148Expenses 2016: $185,818Net Income 2016: -$11,6702016Revenue 2017: $201,720Expenses 2017: $196,995Net Income 2017: $4,7252017Revenue 2018: $165,601Expenses 2018: $171,503Net Income 2018: -$5,9022018Revenue 2019: $141,558Expenses 2019: $152,069Net Income 2019: -$10,5112019

Highlighted filing

2018

Revenue$165,601
Expenses$171,503
Net Income-$5,902
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 28, 2019
Return Version
2017v2.2
Gross Receipts
$165,601
Mission and Program Overview

Mission

DAY CARE CENTER

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,932$17,276▲ $4,344
Accounts Receivable$11,149$2,588▼ $8,561
Prepaid Expenses and Deferred Charges$1,264$1,264→ $0
Total Assets$25,345$21,128▼ $4,217
Liabilities
Accounts Payable and Accrued Expenses$27,151$72,300▲ $45,149
Total Liabilities$27,151$72,300▲ $45,149
Net Assets / Fund Balance
Unrestricted Net Assets$-1,806$-51,172▼ $49,366
Total Net Assets Fund Balance$-1,806$-51,172▼ $49,366
Total Liabilities and Net Assets / Fund Balance$25,345$21,128▼ $4,217
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mytice HockadayExec DirectorFT$30,668$30,668

Board Members and Trustees

NameTitle
Dorothy PerryPresident
Regina HowardSecretary
Elise HowardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,063
Program Service Revenue
$100,538
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-5,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$110,868
Other Expenses$60,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,431$0$0$72,431
Occupancy$33,900$0$0$33,900
Current Officers, Directors, Trustees, and Key Employees$15,334$15,334$0$30,668
All Other Expenses$7,096$4,411$0$11,507
Payroll Taxes$6,215$1,554$0$7,769
Fees for Services Accounting$0$3,232$0$3,232
Travel$687$0$0$687
Other Expenses$0$627$0$627
Total Functional Expenses$144,499$27,004$0$171,503
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
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
New Era Education Inc
EIN
52-1111598
Phone
4102335100
Address
4200 Edmondson Avenue, Baltimore, MD 21229

Signing Officer

Name
Myrtice Hockaday
Title
Executive Director
Phone
4102335100
Signed
2019-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myrtice Hockaday
Formed
1977
Legal Domicile
Md
Voting Board Members
4
Independent Board Members
4
Employees
7
Volunteers
4

Preparer

Firm
King King & Associates Pa
Address
124 SLADE AVENUE SUITE 100, BALTIMORE, MD 21208-4900
Preparer
Pamela King Smith CPA
Phone
4104864500
Supplemental Narrative

Additional Explanations

Pt VI, Line 7B

Governance decisions are reserved to the key personnel of the organization.

Pt VI, Line 11B

The key personnel of the organization will review this form 990.

Pt VI, Line 15A

Compensation is appropriately determined.

Pt VI, Line 15B

Compensation is appropriately determined.

Pt XI

Reconciliation of net assets line 9: adjustment for rounding.

Form 990EZ, Part I, Line 16

BANK CHARGES

Form 990EZ, Part I, Line 16

OFFICE SUPPLIES

Form 990EZ, Part I, Line 16

FOOD

Form 990EZ, Part I, Line 16

INSURANCE

Form 990EZ, Part I, Line 16

DONATIONS

Form 990EZ, Part I, Line 16

CLASSROOM SUPPLIES

Form 990EZ, Part I, Line 16

WORKSHOP

Form 990EZ, Part I, Line 16

FIELD TRIPS

Form 990EZ, Part I, Line 16

FICA EXPENSE

Form 990EZ, Part I, Line 16

SUPPLIES

Form 990EZ, Part I, Line 16

TELEPHONE

Form 990EZ, Part I, Line 16

TRAVEL

Form 990EZ, Part I, Line 16

OTHER EXPENSE

Form 990EZ, Part II, Line 24

Accounts Receivable - Net 11148.

Form 990EZ, Part II, Line 24

Other Receivables 1264.

Form 990EZ, Part II, Line 26

Accounts Payable & Accrued Expenses 27151.

Form 990, Part IX, Line 24E

Field trips 1646. 1646. 0. 0.

Form 990, Part IX, Line 24E

Classroom supplies 1917. 1917. 0. 0.

Form 990, Part IX, Line 24E

Other expense 2488. 0. 2488. 0.

Form 990, Part IX, Line 24E

Telephone 3879. 3103. 776. 0.

Form 990, Part IX, Line 24E

Building maintenance 522. 0. 522. 0.

Form 990, Part IX, Line 24E

Donations 625. 0. 625. 0.

Form 990, Part IX, Line 24E

Workshops 430. 430. 0. 0.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNANCE DECISIONS ARE RESERVED TO THE KEY PERSONNEL OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE KEY PERSONNEL OF THE ORGANIZATION WILL REVIEW THIS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS APPROPRIATELY DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS APPROPRIATELY DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RECONCILIATION OF NET ASSETS LINE 9: ADJUSTMENT FOR ROUNDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK CHARGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICE SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FOOD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INSURANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DONATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CLASSROOM SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11WORKSHOP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12FIELD TRIPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13FICA EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15TELEPHONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16TRAVEL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OTHER EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Accounts Receivable - Net 11148.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Other Receivables 1264.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Accounts Payable & Accrued Expenses 27151.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21FIELD TRIPS 1646. 1646. 0. 0.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25BUILDING MAINTENANCE 522. 0. 522. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26DONATIONS 625. 0. 625. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025345
IRS990/TotalAssetsEOYAmt021128
IRS990/TotalAssetsGrp/BOYAmt025345
IRS990/TotalAssetsGrp/EOYAmt021128
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065063
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027004
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144499
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171503
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027151
IRS990/TotalLiabilitiesEOYAmt072300
IRS990/TotalLiabilitiesGrp/BOYAmt027151
IRS990/TotalLiabilitiesGrp/EOYAmt072300
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1806
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-51172
IRS990/TotalProgramServiceExpensesAmt0144499
IRS990/TotalProgramServiceRevenueAmt0100538
IRS990/TotalReportableCompFromOrgAmt030668
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100538
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0165601
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025345
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021128
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0687
IRS990/TravelGrp/TotalAmt0687
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1806
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-51172
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04200 EDMONDSON AVE
IRS990/USAddress/CityNm0BALTIMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021229
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MYRTICE HOCKADAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04102335100
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Era Education Inc
ReturnHeader/Filer/BusinessNameControlTxt0NEWE
ReturnHeader/Filer/EIN0521111598
ReturnHeader/Filer/PhoneNum04102335100
ReturnHeader/Filer/USAddress/AddressLine1Txt04200 Edmondson Avenue
ReturnHeader/Filer/USAddress/CityNm0Baltimore
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021229
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.64.58.217
ReturnHeader/FilingSecurityInformation/IPDt02019-07-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:43:04
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KING KING & ASSOCIATES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0124 SLADE AVENUE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALTIMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0212084900
ReturnHeader/PreparerPersonGrp/PhoneNum04104864500
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA KING SMITH CPA
ReturnHeader/ReturnTs02019-07-15T11:43:35-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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