Fuse Preschool Inc
- Assets
- $431.7k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 33
- Location
- Lexington, MA
- Founding
- 10/2014
- Data as of
- 12/2021
- 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 12/2021, Fuse Preschool Inc employed 33 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 12/2021, Fuse Preschool Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 18.9% per year over the past 7 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
2021
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 | $202,477 |
Sarah Lyons Board Member | Trustee | 1 | $0 |
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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,564 |
| Total Program Service Revenue | $1,584,832 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,216 |
| 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 | $1,839,612 |
| 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. | $202,477 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $852,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $104,589 |
| Payroll taxes | $90,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,063 |
| Advertising and promotion | $301 |
| Office expenses | $29,865 |
| Information technology | $4,743 |
| Royalties | $0 |
| Occupancy | $343,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,728 |
| Insurance | $25,493 |
| All other expenses | $124,632 |
| Total functional expenses | $1,893,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,090 |
| 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 | $9,788 |
| Net Land, buildings, and equipment | $183,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,178 |
| Total assets | $431,741 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $137,618 |
| 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 | $219,002 |
| Total liabilities | $356,620 |
| Net assets without donor restrictions | $0 |
| 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 | $75,121 |
| Total liabilities and net assets/fund balances | $431,741 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fuse Preschool Inc has recieved totaling $36,917.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Andreas Foundation Mankato, MN PURPOSE: GRANT IS FOR RECIPIENTS GENERAL FUND | $1,000 |
Robert Lloyd Corkin Charitable Foundation Sudbury, MA PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $367 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |