Harborlight-Stoneridge Montessori School Inc, Hms & Nsme New England in Beverly, Massachusetts (MA)

Harborlight-Stoneridge Montessori School Inc, Hms & Nsme New England
Employer Identification Number (EIN)	042680395
Name of Organization	Harborlight-Stoneridge Montessori School Inc
Secondary Name	Hms & Nsme New England
Address	243 Essex St, Beverly, MA 01915-1958
Activities	Fraternity or sorority
Subsection	Educational Organization
Ruling Date	07/1980
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$5,000,000 to $9,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$6,161,955
Amount of Income	$9,006,001
Form 990 Revenue Amount	$4,954,845
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions

Non-representatives - add comments:

Amount of income in 2014: $9,006,001 (it was $5,844,043 in 2013)

This organization:	$9,006,001
Other organizations performing similar types of work:	$322,911

Assets in 2014: $6,161,955 (it was $9,636,463 in 2013)

This organization:	$6,161,955
Other organizations performing similar types of work:	$187,411

Expenses in 2014: $5,304,510

This organization:	$5,304,510
Other organizations performing similar types of work:	$367,198

Income to expenses ratio in 2014: 1.7

Harborlight-Stoneridge Montessori School Inc, Hms & Nsme New England:	1.7
Other organizations performing similar types of work:	1.0

Number of employees in 2014: 112

Harborlight-Stoneridge Montessori School Inc, Hms & Nsme New England:	112
Other organizations performing similar types of work:	20

Grants share in income in 2014: 2.8%

This organization:	2.8%
Other organizations performing similar types of work:	2.3%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

	2012	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	Yes
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	Yes	No
Did the organization report an amount for other liabilities?	No	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	Yes	Yes	Yes
Did the organization maintain an office, employees, or agents outside of the United States?	No	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No	No
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	Yes	Yes	Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	Yes	Yes	Yes
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	Yes	Yes	Yes
A family member of a current or former officer, director, trustee, or key employee?	No	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

	2011	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		8	26	23
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	No	No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		78	115	112
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No	No
Has it filed a Form 990-T for this year?		No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

	2012	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$216,728	$223,655	$0
Total reportable compensation from related organizations	$0	$0	$212,993
Total estimated amount of other compensation from the organization and related organizations	$42,202	$68,469	$76,434
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	1	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0	0

	2011	2012	2013	2014
Statement of Revenue
Total revenue	$3,810,476	$4,147,089	$5,844,043	$4,954,845
Contributions, Gifts, Grants and Other Similar Amounts	$124,259	$105,738	$117,193	$138,739
Program Service Revenue	$3,591,271	$3,991,990	$5,611,590	$4,772,239
611600		$3,589,138	$5,242,345	$4,436,469
Educational Support Services		$205,883	$230,270	$205,801
Educational Support Services		$127,719	$138,625	$129,019
Educational Support Services		$69,250	$350	$950
All other program service revenue		$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$12,292	$7,867	$14,592	$19,745
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$0	$0	$0	$0
Net rental income	$0	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$-201	$-11,334	$8,701	$5,466
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$0 / $2,500	$26,627 / $0	$100,997 / $3,951,132
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $201	$0 / $13,834	$10,815 / $7,111	$84,996 / $3,961,667
Gain or (loss) (Securities / Other)	$0 / $-201	$0 / $-11,334	$15,812 / $-7,111	$16,001 / $-10,535
Net income/loss from fundraising events	$21,119	$-2,747	$-1,528	$306
Gross income from fundraising events	$28,143	$5,545	$6,345	$4,799
Less: direct expenses	$7,024	$8,292	$7,873	$4,493
Net income/loss from gaming activities	$0	$0	$0	$0
Net income/loss from sales of inventory	$5,431	$17,100	$52,971	$0
Miscellaneous Revenue	$56,305	$38,475	$40,524	$18,350
Educational Support Services		$14,747	$25,043	$6,136
Educational Support Services		$4,600	$7,805	$1,363
All other revenue		$19,128	$7,676	$10,851

	2011	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$4,249,270	$4,282,940	$6,631,054	$5,304,510
Grants and other assistance to domestic organizations and domestic governments		$0	$0	$0
Grants and other assistance to domestic individuals		$834,513	$1,306,916	$1,184,193
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0	$0
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$721,015	$254,138	$218,669	$216,753
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$1,610,135	$1,885,708	$2,772,654	$2,294,874
Pension plan accruals and contributions		$0	$10,475	$9,487
Other employee benefits		$191,944	$307,784	$282,380
Payroll taxes	$149,050	$155,773	$217,099	$210,853
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$5,680	$4,204	$21,515
Accounting		$25,067	$30,681	$72,239
Lobbying		$0	$0	$0
Professional fundraising services	$0	$0	$0	$0
Investment management fees		$0	$3,558	$5,176
Other		$64,970	$41,700	$52,913
Advertising and promotion		$47,231	$89,875	$47,980
Office expenses		$35,395	$53,479	$63,460
Information technology		$0	$60,287	$29,521
Royalties		$0	$0	$0
Occupancy		$74,026	$158,907	$69,150
Travel		$1,042	$1,891	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$0	$0	$0
Interest		$214,827	$329,809	$200,885
Payments to affiliates		$0	$0	$0
Depreciation, depletion, and amortization		$138,084	$309,828	$183,400
Insurance		$29,479	$42,704	$54,741
Other expenses		$71,040	$90,752	$56,814
Other expenses		$45,935	$85,640	$50,669
Other expenses		$31,038	$53,137	$32,536
Other expenses		$22,661	$29,588	$25,071
Other expenses		$0	$0	$139,900

	2011	2012	2013	2014
Balance Sheet
Total assets	$5,375,153	$5,194,664	$9,636,463	$6,161,955
Cash - non-interest-bearing		$67,944	$530,905	$772,043
Savings and temporary cash investments		$417,172	$32,751	$36,683
Pledges and grants receivable, net		$0	$27,500	$1,337
Accounts receivable, net		$125,995	$133,010	$383,065
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$0
Inventories for sale or use		$0	$0	$0
Prepaid expenses and deferred charges		$8,422	$23,061	$18,577
Land, buildings, and equipment: cost or other basis		$4,528,715	$7,914,137	$4,522,886
Investments - publicly traded securities		$0	$0	$0
Investments - other securities		$0	$0	$0
Investments - program-related		$0	$344,066	$394,899
Intangible assets		$46,416	$101,146	$32,465
Other assets		$0	$529,887	$0
Total liabilities	$4,627,884	$4,583,246	$7,865,106	$4,714,685
Accounts payable and accrued expenses		$159,801	$332,791	$378,401
Grants payable		$0	$0	$0
Deferred revenue		$415,018	$1,213,021	$1,201,527
Tax-exempt bond liabilities	$0	$0	$0	$0
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$198,412	$180,888	$162,374
Secured mortgages and notes payable to unrelated third parties	$3,870,024	$3,810,015	$6,138,406	$2,972,383
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0	$0
Total net assets or fund balances	$747,269	$611,418	$1,771,357	$1,447,270
Unrestricted net assets		$560,359	$1,576,829	$1,227,937
Temporarily restricted net assets		$51,059	$94,528	$119,333
Permanently restricted net assets		$0	$100,000	$100,000
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0	$0

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	A school described in section 170(b)(1)(A)(ii)
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Vacaville Christian Academy	1117 Davis St, Vacaville, CA 95687-5403	CA	1976-02	$9,591,193
2	Tower School In Marblehead Inc	75 W Shore Dr, Marblehead, MA 01945-1256	MA	1938-09	$9,756,968
3	Southfield School Inc	10 Newton St, Brookline, MA 02445-7407	MA	1992-01	$8,039,701
4	Tenacre Country Day School Corporation	78 Benvenue St, Wellesley, MA 02482-7426	MA	1972-12	$7,981,017
5	Waldorf Association Of Cape Cod Massachusetts Inc	140 Old Oyster Rd, Cotuit, MA 02635-3038	MA	1988-05	$1,203,298
6	Wellesley Montessori School Inc	79 Denton Rd, Wellesley, MA 02482-6404	MA	1987-01	$790,993
7	Wilder Memorial Nursery School	666 Main St, Hingham, MA 02043-3120	MA	1946-06	$483,784
8	Sunshine Nursery School Inc 01-85	19 Prentiss Rd Unit 2, Arlington, MA 02476-4512	MA	1985-08	$471,066
9	Village School	PO BOX 145, Boxford, MA 01921-0145	MA	1995-03	$347,805
10	Village Nursery School Inc	PO BOX 184, Harvard, MA 01451-0184	MA	1986-02	$319,797
11	Scargo School Inc	218 Main St, South Dennis, MA 02660-3602	MA	1967-04	$293,296
12	Wayland Creative Preschool Inc	PO BOX 112, Wayland, MA 01778-0112	MA	1983-06	$284,583
13	Watertown Cooperative Nursery School Inc	525 Main St, Watertown, MA 02472-2260	MA	1963-07	$250,562
14	Tall Spire Nursery School Inc	8 Lafayette St, Wakefield, MA 01880-2305	MA	1975-06	$190,970
15	Russell Cooperative Preschool Incorporated, First Parish Church	35 Church St, Watertown, MA 02472-3846	MA	1976-04	$186,882
16	Sunshine School Inc, East Congregational Church	610 Adams St, Milton, MA 02186-5631	MA	1979-09	$133,921
17	Woods Hole Child Center Inc	93 Harbor Hill Rd, Woods Hole, MA 02543-1220	MA	1952-11	$127,057
18	Sheldonville Community Center Inc	PO BOX 232, Sheldonville, MA 02070-0232	MA	1983-05	$120,003
19	West Falmouth Pre School Inc	PO BOX 115, West Falmouth, MA 02574-0115	MA	1967-12	$102,163
20	First Bridge Preschool Inc	133 Thornton Rd, Needham, MA 02492-4354	MA	1997-12	$90,300

Number of organizations performing similar types of work

Alaska	8
Alabama	6
Arkansas	8
Arizona	12
California	191
Colorado	40
Connecticut	35
District of Columbia	5
Delaware	4
Florida	29
Georgia	19
Hawaii	10
Iowa	12
Idaho	3
Illinois	57
Indiana	17
Kansas	5
Kentucky	12
Louisiana	9
Massachusetts	92
Maryland	40
Maine	9
Michigan	50
Minnesota	20
Missouri	17
Mississippi	11

Montana	4
North Carolina	34
North Dakota	4
Nebraska	1
New Hampshire	18
New Jersey	56
New Mexico	13
Nevada	1
New York	121
Ohio	67
Oklahoma	7
Oregon	26
Pennsylvania	46
Rhode Island	5
South Carolina	5
South Dakota	1
Tennessee	18
Texas	42
Utah	10
Virginia	39
Vermont	15
Washington	42
Wisconsin	36
West Virginia	5
Wyoming	5
International	3

Total

1,345

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