Civic Intelligence

Linda Schulman Innovation Fund Inc

EIN 81-0853127 • 501(c)3 • Wellesley, MA

Profile

To fund creative projects proposed by english as a second language teachers to promote more effective learning of english and american culture in their classrooms.

75 Grove Street 226Wellesley, MA 02482-7828

www.lsi-award.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

1st percentile

-27532%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

53rd percentile

0.0%

Faster revenue growth than 53% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $27,532 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $27,532 (-100%) from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Flat

$100

Flat from 2022

Expenses

Up

$27,632

Up $26,582 (+2532%) from 2022

Net Income

Down

-$27,532

Down $26,582 (-2798%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2016: $20,835Liabilities 2016: $02016Assets 2017: $28,066Liabilities 2017: $0Net Assets 2017: $28,0662017Assets 2018: $25,586Liabilities 2018: $0Net Assets 2018: $25,5862018Assets 2019: $33,512Liabilities 2019: $0Net Assets 2019: $33,5122019Assets 2020: $30,762Liabilities 2020: $0Net Assets 2020: $30,7622020Assets 2021: $28,482Liabilities 2021: $0Net Assets 2021: $28,4822021Assets 2022: $27,532Liabilities 2022: $0Net Assets 2022: $27,5322022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2016: $27,995Expenses 2016: $7,160Net Income 2016: $20,8352016Revenue 2017: $12,414Expenses 2017: $5,183Net Income 2017: $7,2312017Revenue 2018: $9,362Expenses 2018: $11,842Net Income 2018: -$2,4802018Revenue 2019: $9,073Expenses 2019: $1,147Net Income 2019: $7,9262019Revenue 2020: $100Expenses 2020: $2,850Net Income 2020: -$2,7502020Revenue 2021: $100Expenses 2021: $2,380Net Income 2021: -$2,2802021Revenue 2022: $100Expenses 2022: $1,050Net Income 2022: -$9502022Revenue 2023: $100Expenses 2023: $27,632Net Income 2023: -$27,5322023

Highlighted filing

2023

Revenue$100
Expenses$27,632
Net Income-$27,532
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$100
Expenses
$27,632
Net income
-$27,532
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.10$27.6$27.5
2022Detailed filing. Detailed filing data is available for this year.$27.5$0.00$27.5$0.10$1.05$0.95
2021Detailed filing. Detailed filing data is available for this year.$28.5$0.00$28.5$0.10$2.38$2.28
2020Detailed filing. Detailed filing data is available for this year.$30.8$0.00$30.8$0.10$2.85$2.75
2019Detailed filing. Detailed filing data is available for this year.$33.5$0.00$33.5$9.07$1.15$7.93
2018Detailed filing. Detailed filing data is available for this year.$25.6$0.00$25.6$9.36$11.8$2.48
2017Detailed filing. Detailed filing data is available for this year.$28.1$0.00$28.1$12.4$5.18$7.23
2016Summary only. Only limited summary data is available for this year.$20.8$0.00$28.0$7.16$20.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 11, 2023
Return Version
2022v5.0
Gross Receipts
$100
Mission and Program Overview

Mission

To fund creative projects proposed by english as a second language teachers to promote more effective learning of english and american culture in their classrooms.

Program Services

DescriptionGrantsExpenses
TO FUND CREATIVE PROJECTS PROPOSED BY ENGLISH AS A SECOND LANGUAGE TEACHERS TO PROMOTE MORE EFFECTIVE LEARNING OF ENGLISH AND AMERICAN CULTURE IN THEIR CLASSROOMS.$26,967$665
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLES SCHULMANPresident & Director-$0--
JUDITH FROMMERTreasurer & Director-$0--
DEBORAH TURNEYClerk-$0--
DANIEL NAVISKYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Linda Schulman Innovation Fund Inc
EIN
81-0853127
Phone
7812372322
Address
75 GROVE STREET 226, WELLESLEY, MA 02482-7828

Signing Officer

Name
Judith Frommer
Title
Treasurer
Phone
7812726965
Signed
2023-10-11
Discuss with paid preparer
Yes

Preparer

Firm
Kurzman Dempsey & Kowalker Llp
Address
1017 TURNPIKE STREET SUITE 25, CANTON, MA 02021
Preparer
Thomas H Dempsey Iii CPA
Phone
7818289420
Supplemental Narrative

Additional Explanations

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

“Description: filing fees and expense. Amount: 15. Description: professional fees. Amount: 620. Description: office expense. Amount: 30. Total to form 990-ez, line 16: 665.”

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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER & DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO FUND CREATIVE PROJECTS PROPOSED BY ENGLISH AS A SECOND LANGUAGE TEACHERS TO PROMOTE MORE EFFECTIVE LEARNING OF ENGLISH AND AMERICAN CULTURE IN THEIR CLASSROOMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt026967
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleN/AssetsDistributedInd01
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS ASSOCIATION OF TEACHERS OF SPEAKERS OF OTHER LANGUAGES INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1MASSACHUSETTS ASSOCIATION OF TEACHERS OF SPEAKERS OF OTHER LANGUAGES INC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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/Filer/PhoneNum07812372322
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ReturnHeader/ReturnTs02023-10-18T14:10:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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