Fuse Preschool Inc
- Assets
- $3.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Lexington, MA
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-4164737
Organization Overview
Fuse Preschool Inc is located in Lexington, MA. The organization was established in 2014. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2022, Fuse Preschool Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuse Preschool Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fuse Preschool Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 19.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUSE PRESCHOOL IS AN INTENSIVE THERAPUETIC SCHOOL FOR CHILDREN AGES 3-6. THE PRESCHOOL PROVIDES EDUCATIONAL AND THERAPUETIC SOCIAL DEVELOPMENT SERVICES TO CHILDREN DURING CLASS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUSE PRESCHOOL IS AN INTENSIVE THERAPUETIC SCHOOL FOR CHILDREN AGES 3-6. THE PRESCHOOL PROVIDES EDUCATIONAL AND THERAPUETIC SOCIAL DEVELOPMENT SERVICES TO CHILDREN DURING CLASS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Weeks Executive Director | Officer | 40 | $220,839 |
Kadie Hodnett Norwood Director | Officer | 40 | $115,258 |
Julie Callagee Treasurer | Trustee | 1 | $0 |
Jay Patel Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,958 |
| Total Program Service Revenue | $1,938,775 |
| Investment income | $93 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $258,651 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,517,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $336,097 |
| Compensation of current officers, directors, key employees. | $123,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $862,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $85,415 |
| Payroll taxes | $100,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,162 |
| Advertising and promotion | $331 |
| Office expenses | $11,360 |
| Information technology | $5,556 |
| Royalties | $0 |
| Occupancy | $523,695 |
| Travel | $6,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,015 |
| Insurance | $14,812 |
| All other expenses | $143,242 |
| Total functional expenses | $2,264,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,086 |
| Net Land, buildings, and equipment | $325,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,454,615 |
| Other assets | $50,748 |
| Total assets | $3,210,783 |
| Accounts payable and accrued expenses | $5,250 |
| Grants payable | $0 |
| Deferred revenue | $124,517 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,752,865 |
| Total liabilities | $2,882,632 |
| Net assets without donor restrictions | $328,151 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,210,783 |