Fairwind Learning Center Corp
- Assets
- $101.4k
- Revenue
- $551.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Marblehead, MA
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 47-1588668
Organization Overview
Fairwind Learning Center Corp is located in Marblehead, MA. The organization was established in 2015. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Fairwind Learning Center Corp employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairwind Learning Center Corp 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 06/2022, Fairwind Learning Center Corp generated $551.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $496.1k during the year ending 06/2022. While expenses have increased by 5.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S PURPOSE IS TO OPERATE EDUCATIONAL PROGRAMS FOR CHILDREN AGES 2-6 YEARS OLD; AND TO CARRY ON ANY OTHER EDUCATIONAL WORK PERMITTED TO A NON-PROFIT CORPORATION PURSUANT TO MASSACHUSETTS GENERAL LAWS, CHAPTER 180, ARTICLE 1, ET SEQ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRWIND PROVIDES FULL AND HALF DAY TRANSITIONAL KINDERGARTEN AND PRESCHOOL CLASSES FOR CHILDREN AGES 4 THROUGH 6 AND TODDLER CLASSES FOR CHILDREN AGE 2 THAT ENCOURAGE CHILDREN TO ASK QUESTIONS AND BECOME PROBLEM SOLVERS BY FOSTERING CONFIDENCE AND CREATING INDEPENDENT THINKERS AND LIFELONG LEARNERS. TRANSITIONAL KINDERGARTEN STUDENTS ATTEND THE PROGRAM MONDAY THROUGH FRIDAY WHILE PRESCHOOL STUDENTS ATTEND THE CENTER MONDAY, WEDNESDAY AND FRIDAY AND STUDENTS OF THE TODDLER CLASS ATTEND ON TUESDAY AND THURSDAY.
THE EXTENDED DAY ENRICHMENT PROGRAM IS AN 8 WEEK PROGRAM. THESE CLASSES ARE OFFERED TO TRANSITIONAL KINDERGARTEN STUDENTS AND OPENED TO THE COMMUNITY FOR CHILDREN AGES 4-6 YEARS OLD MONDAY THROUGH FRIDAY FROM 3 P.M. TO 4 P.M. FOR AN ADDITIONAL FEE. AS THE SCHOOL BEGINS TO OPEN AFTER COVID-19 PANDEMIC CLOSING, THE ENRICHMENT PROGRAM WAS NOT OPEN THIS FISCAL YEAR.
THE SUMMER CAMP IS A 6 WEEK PROGRAM. THESE CLASSES ARE OFFERED TO TRANSITIONAL KINDERGARTEN STUDENTS AND OPENED TO THE COMMUNITY FOR CHILDREN AGES 4-7 YEARS OLD MONDAY THROUGH THURSDAY FROM 9 A.M. TO 1 P.M. AS THE SCHOOL BEGINS TO OPEN AFTER COVID-19 PANDEMIC CLOSING, THE SUMMER CAMP PROGRAM WAS NOT OPEN THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Colmenero President | OfficerTrustee | 0.25 | $0 |
Jill Weise Treasurer | Trustee | 0.25 | $0 |
Alexa Squiteri Clerk | Trustee | 0.25 | $0 |
Tiffany Uttam Executive Director | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $97,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,935 |
| Total Program Service Revenue | $449,825 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $351 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,086 |
| 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. | $324,629 |
| Compensation of current officers, directors, key employees. | $78,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,160 |
| Payroll taxes | $35,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,153 |
| Office expenses | $20,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,213 |
| Insurance | $4,986 |
| All other expenses | $5,765 |
| Total functional expenses | $496,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,277 |
| Accounts receivable, net | $0 |
| 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 | $1,200 |
| Net Land, buildings, and equipment | $18,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,395 |
| Accounts payable and accrued expenses | $14,778 |
| Grants payable | $0 |
| Deferred revenue | $23,750 |
| 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 | $0 |
| Total liabilities | $38,528 |
| Net assets without donor restrictions | $62,867 |
| 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 | $101,395 |