Civic Intelligence

Transforming Education Inc.

990 • Fiscal year 2021 • EIN 81-1304128

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 29, 2022

Organization ProfileWWW.TRANSFORMINGEDUCATION.ORG
6 Liberty Sq Pmb 397Boston, MA 02109

(617) 453-9750

Siviq Scores

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

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.17x

Higher debt load relative to revenue than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

73rd percentile

30%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$168,876

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

88th percentile

60%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

1.5%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,857,451

Up $694,075 (+60%) from 2020

Net Assets

Up

$1,511,852

Up $600,681 (+66%) from 2020

Liabilities

Up

$345,599

Up $93,394 (+37%) from 2020

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin73rd percentile

Revenue

Up

$2,021,319

Up $30,417 (+1.5%) from 2020

Expenses

Down

$1,420,638

Down $174,542 (-11%) from 2020

Net Income

Up

$600,681

Up $204,959 (+52%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $890,038Liabilities 2017: $75,796Net Assets 2017: $814,2422017Assets 2018: $498,597Liabilities 2018: $159,814Net Assets 2018: $338,7832018Assets 2019: $659,719Liabilities 2019: $144,270Net Assets 2019: $515,4492019Assets 2020: $1,163,376Liabilities 2020: $252,205Net Assets 2020: $911,1712020Assets 2021: $1,857,451Liabilities 2021: $345,599Net Assets 2021: $1,511,8522021Assets 2022: $1,484,487Liabilities 2022: $74,050Net Assets 2022: $1,410,4372022Assets 2023: $138,718Liabilities 2023: $32,864Net Assets 2023: $105,8542023Assets 2024: $73,351Liabilities 2024: $795Net Assets 2024: $72,5562024

Highlighted filing

2021

Assets$1,857,451
Liabilities$345,599
Net Assets$1,511,852
Open 2021 Filing

Operations Trend

Revenue Growth35th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2017: $2,197,760Expenses 2017: $1,383,518Net Income 2017: $814,2422017Revenue 2018: $1,253,550Expenses 2018: $1,729,009Net Income 2018: -$475,4592018Revenue 2019: $1,774,360Expenses 2019: $1,597,694Net Income 2019: $176,6662019Revenue 2020: $1,990,902Expenses 2020: $1,595,180Net Income 2020: $395,7222020Revenue 2021: $2,021,319Expenses 2021: $1,420,638Net Income 2021: $600,6812021Revenue 2022: $1,470,841Expenses 2022: $1,572,256Net Income 2022: -$101,4152022Revenue 2023: $49,525Expenses 2023: $1,354,108Net Income 2023: -$1,304,5832023Revenue 2024: $0Expenses 2024: $33,298Net Income 2024: -$33,2982024

Highlighted filing

2021

Revenue$2,021,319
Expenses$1,420,638
Net Income$600,681
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 29, 2022
Return Version
2020v4.2
Gross Receipts
$2,021,319
Mission and Program Overview

Mission

Transforming education partners with school systems to support educators in fostering the development of the whole child so that all students, particularly those from underserved populations, can thrive.

Transformed partners with school systems to support educators in fostering the development of the whole child so that all students, particularly those from underserved populations, can thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$857,899$1,672,238▲ $814,339
Accounts Receivable$288,301$175,630▼ $112,671
Land, Buildings, and Equipment, Net$3,033$9,583▲ $6,550
Prepaid Expenses and Deferred Charges$727--
Total Assets$1,163,376$1,857,451▲ $694,075
Other Assets Total$13,416$0▼ $13,416
Liabilities
Unsecured Notes Loans Payable$170,000$186,162▲ $16,162
Deferred Revenue$48,602$121,689▲ $73,087
Accounts Payable and Accrued Expenses$33,603$37,748▲ $4,145
Total Liabilities$252,205$345,599▲ $93,394
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$694,465$1,363,452▲ $668,987
Net Assets With Donor Restrictions$216,706$148,400▼ $68,306
Total Net Assets Fund Balance$911,171$1,511,852▲ $600,681
Total Liabilities and Net Assets / Fund Balance$1,163,376$1,857,451▲ $694,075

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,583$1,917$11,500
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara KrachmanPresident & E.d.FT$142,709$26,167$168,876
Richard FournierManaging DirectorFT$117,480$26,801$144,281
Cori StottManaging Director StrategyFT$112,572$26,803$139,375
Katie BuckleyManagerFT$114,384$3,017$117,401

Board Members and Trustees

NameTitle
Danielle GonzalesChair
Andrew SokatchDirector
Felicia Cumings SmithDirector
Ila Deshmukh ToweryDirector
John MaycockDirector
Shannah VaronDirector
Nathaniel DonoghueAssistant Clerk (left May 2021)
Revenue and Support

Revenue Composition

Contributions and Grants
$494,074
Program Service Revenue
$1,527,245
Investment Income
$0
Other Revenue
$0
All Other Contributions
$261,453
Change in Net Assets
$600,681

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,021,319
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,131
Total Revenue per Audited Statements
$2,025,450
Total Revenue per Form 990
$2,021,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,033,304
Other Expenses$387,334
Total Fundraising Expense$59,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$536,051$27,584$24,057$587,692
Current Officers, Directors, Trustees, and Key Employees$169,219$94,157$26,764$290,140
Fees for Services Other$195,180$13,487$2,186$210,853
Other Employee Benefits$58,441$22,395$18$80,854
Occupancy$71,432$6,633$1,730$79,795
Payroll Taxes$67,156$3,731$3,731$74,618
Fees for Services Accounting-$45,350-$45,350
Office Expenses$17,216$7,523$735$25,474
Insurance$4,653$1,258$189$6,100
Fees for Services Legal-$6,065-$6,065
Other Expenses$2,556$1,971$64$4,527
Depreciation Depletion$2,345$103$64$2,512
Travel$894$499-$1,393
Total Functional Expenses$1,127,488$233,612$59,538$1,420,638

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,424,769
Expenses per Audited Statements$1,420,638
Total Expenses per Form 990$1,420,638
Expenses Not Reported on Form 990$4,131
Expenses Not Reported on Financial Statements$0
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board of directors will individually review the form 990 and vote to accept the form 990.”

Form 990, Part VI, Section B, Line 12C

“All staff and members of the board of directors are required to review the conflict of interest policy and to provide updates at least annually.”

Form 990, Part VI, Section B, Line 15

“The board of directors reviews the executive director's salary annually, to ensure that it is competitive and in line with compensation for similar roles at similar organizations in the boston area. The executive director reviews employees' salaries annually, to ensure that they are competitive, in line with similar roles at similar organizations, and that they have been adjusted for any changes in the employees' levels of responsibility. The board of directors approves salaries annually.”

Form 990, Part VI, Section C, Line 19

“The governing documents of transforming education are available upon request.”

Filing and Contact Details

Filer

Filer Name
Transforming Education Inc
EIN
81-1304128
Phone
6174539750
Address
6 LIBERTY SQ PMB 397, BOSTON, MA 02109

Signing Officer

Name
Sara Krachman
Title
Executive Director & President
Phone
6174539750
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Krachman
Formed
2016
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
10
Volunteers
6

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Sorie Kaba CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 195,180. Management and general expenses 13,487. Fundraising expenses 2,186. Total expenses 210,853.”

FORM 990, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Transforming education accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. Transforming education has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at june 30, 2021. The organization's information returns are subject to examination by te federal and state jurisdications.”

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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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IRS990/OtherExpensesGrp/Desc1PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/FundraisingAmt064
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02856
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11971
IRS990/OtherExpensesGrp/ProgramServicesAmt02345
IRS990/OtherExpensesGrp/ProgramServicesAmt12556
IRS990/OtherExpensesGrp/TotalAmt05265
IRS990/OtherExpensesGrp/TotalAmt14527
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024057
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027584
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0536051
IRS990/OtherSalariesAndWagesGrp/TotalAmt0587692
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03731
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03731
IRS990/PayrollTaxesGrp/ProgramServicesAmt067156
IRS990/PayrollTaxesGrp/TotalAmt074618
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0727
IRS990/PrincipalOfficerNm0SARA KRACHMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01527245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01527245
IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH AND LEARNING:CONDUCTING, COLLABORATING ON, AND CONSULTING TO RESEARCH FOCUSED ON WHOLE CHILD DEVELOPMENT
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03200
IRS990/ProgSrvcAccomActy3Grp/Desc0POLICY & COMMUNICATIONS:BUILDING KNOWLEDGE OF THE IMPORTANCE OF WHOLE CHILD DEVELOPMENT THROUGH PAPER AND TOOL CREATION AND PUBLICATION
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt029130
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0503190
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0499663
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01487712
IRS990/PYRevenuesLessExpensesAmt0395722
IRS990/PYSalariesCompEmpBnftPaidAmt01095517
IRS990/PYTotalExpensesAmt01595180
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01990902
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0600681
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01527245
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0431453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0503190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0407708
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01070729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02023715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04436795
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04738477
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02837130
IRS990ScheduleA/SubstantialContributorsTotAmt01599665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0431453
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0503190
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0407708
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01070729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02023715
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04436795
IRS990ScheduleA/TotalSupportAmt04436795
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04131
IRS990ScheduleD/DonatedServicesUseFcltsAmt04131
IRS990ScheduleD/ExpensesNotReportedAmt04131
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01420638
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09583
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01917
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011500
IRS990ScheduleD/RevenueNotReportedAmt04131
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02021319
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TRANSFORMING EDUCATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TRANSFORMING EDUCATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2021. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY TE FEDERAL AND STATE JURISDICATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09583
IRS990ScheduleD/TotalExpensesPerForm990Amt01420638
IRS990ScheduleD/TotalRevenuePerForm990Amt02021319
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02025450
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01424769
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0142709
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt03000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023167
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SARA KRACHMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & E.D.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0168876
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS WILL INDIVIDUALLY REVIEW THE FORM 990 AND VOTE TO ACCEPT THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL STAFF AND MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND TO PROVIDE UPDATES AT LEAST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY, TO ENSURE THAT IT IS COMPETITIVE AND IN LINE WITH COMPENSATION FOR SIMILAR ROLES AT SIMILAR ORGANIZATIONS IN THE BOSTON AREA. THE EXECUTIVE DIRECTOR REVIEWS EMPLOYEES' SALARIES ANNUALLY, TO ENSURE THAT THEY ARE COMPETITIVE, IN LINE WITH SIMILAR ROLES AT SIMILAR ORGANIZATIONS, AND THAT THEY HAVE BEEN ADJUSTED FOR ANY CHANGES IN THE EMPLOYEES' LEVELS OF RESPONSIBILITY. THE BOARD OF DIRECTORS APPROVES SALARIES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS OF TRANSFORMING EDUCATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 195,180. MANAGEMENT AND GENERAL EXPENSES 13,487. FUNDRAISING EXPENSES 2,186. TOTAL EXPENSES 210,853.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01163376
IRS990/TotalAssetsEOYAmt01857451
IRS990/TotalAssetsGrp/BOYAmt01163376
IRS990/TotalAssetsGrp/EOYAmt01857451
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0494074
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt059538
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0233612
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01127488
IRS990/TotalFunctionalExpensesGrp/TotalAmt01420638

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,857,451
Liabilities
$345,599
Net assets
$1,511,852
Revenue
$2,021,319
Expenses
$1,420,638
Net income
$600,681
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.00$0.03$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.03$0.11$0.05$1.35$1.30
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.07$1.41$1.47$1.57$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.86$0.35$1.51$2.02$1.42$0.60
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.25$0.91$1.99$1.60$0.40
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.14$0.52$1.77$1.60$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.50$0.16$0.34$1.25$1.73$0.48
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.08$0.81$2.20$1.38$0.81