Civic Intelligence

Linda Schulman Innovation Fund Inc

990EZ • Fiscal year 2017 • EIN 81-0853127

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

Organization ProfileWWW.LSI-AWARD.ORG
75 Grove Street Unit 226Wellesley, MA 02482-7828

(781) 237-2322

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

79th percentile

35%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-56%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$28,066

Up $7,231 (+35%) from 2016

Net Assets

$28,066

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

Down

$12,414

Down $15,581 (-56%) from 2016

Expenses

Down

$5,183

Down $1,977 (-28%) from 2016

Net Income

Down

$7,231

Down $13,604 (-65%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$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

2017

Assets$28,066
Liabilities$0
Net Assets$28,066
Open 2017 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$12,414
Expenses$5,183
Net Income$7,231
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$12,414
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.$5,150$33
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JUDITH FROMMERPresident & Director-$0--
DIANE LAPONTreasurer & Director-$0--
DEBORAH TURNEYClerk & Director-$0--
DANIEL NAVISKYVice President & Director-$0--
CHARLES SCHULMANDirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Judith Frommer
Title
President
Phone
7812372322
Signed
2017-11-02
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: unrealized appreciation. Amount: 2,745.”

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

“Description: bank fees and checks order charges. Amount: 33.”

Raw XML Appendix161 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/BooksInCareOfDetail/PhoneNum07812372322
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WELLESLEY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0024827828
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt020835
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JUDITH FROMMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DIANE LAPON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DEBORAH TURNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DANIEL NAVISKY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4CHARLES SCHULMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CLERK & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt033
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO FUND CREATIVE PROJECTS PROPOSED BY ENGLISH AS A SECOND LANGUAGE TEACHERS TO PROMOTE MORE EFFECTIVE LEARNING OF ENGLISH AND AMERICAN CULTURE IN THEIR CLASSROOMS.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt05150
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt033
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt05183
IRS990EZ/TotalProgramServiceExpensesAmt033
IRS990EZ/TotalRevenueAmt012414
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP://WWW.LSI-AWARD.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNREALIZED APPRECIATION - 2015 AMOUNT: $ 826. 2016 AMOUNT: $ 2,745.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1ORGANIZATION INCORPORATED DECEMBER 17, 2015
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2OTHER INCOME: CASH HELD IN POOLED FUND - UNIT PRICE APPRECIATED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt027169
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt036838
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02745
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0826
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03571
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt027169
IRS990ScheduleA/Total509Grp/TotalAmt036838
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt040409
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK FEES AND CHECKS ORDER CHARGES. AMOUNT: 33.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 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.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDITH FROMMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07812372322
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINDA SCHULMAN INNOVATION FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0LIND
ReturnHeader/Filer/EIN0810853127
ReturnHeader/Filer/PhoneNum07812372322
ReturnHeader/Filer/USAddress/AddressLine1Txt075 GROVE STREET UNIT 226
ReturnHeader/Filer/USAddress/CityNm0WELLESLEY
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ReturnHeader/FilingSecurityInformation/IPDt02017-11-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:24:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042561994
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KURZMAN DEMPSEY & KOWALKER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01017 TURNPIKE STREET SUITE 25
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CANTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002021
ReturnHeader/PreparerPersonGrp/PhoneNum07818289420
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN A KURZMAN CPA
ReturnHeader/ReturnTs02017-11-07T08:36:22-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,066
Liabilities
$0
Net assets
$28,066
Revenue
$12,414
Expenses
$5,183
Net income
$7,231
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