Peirce Extended Day Program INC EIN 04-2628077

Peirce Extended Day Program INC

EIN  04-2628077 Public charity (501(c)(3)) West Newton, MA Founded 1977
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Size
$1–10M
What they do
Offers before and after school care with educational and recreational activities for children.
Leadership
Kathy Lynnes · Executive Director · $104K
Money in and out
$1.2M revenue, $987K expenses
Bottom line
68% program efficiency

Offers before and after school care with educational and recreational activities for children. For fiscal year 2024 it reported $1.2M in revenue, $987K in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$987K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $234K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
16.5mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +105% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +25%
Expenses
$987K
FY2024▲ +11%
Total assets
$1.4M
FY2024▲ +19%
Total liabilities
$101K
FY2024▼ -11%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$987K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$234K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $675K of program spending, described in the organization's own filed words · FY2024.
01

Provides before and after school care services for approximately 150 children from grades k-5 including educational and recreational activities.

$675Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPeirce Extended Day Program INC
EINHdr · item D04-2628077
Principal addressHdr · item CWest Newton, MA
WebsiteHdr · item Jpeirceedp.com
Year of formationHdr · item L1977
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B900)
Ruling yearIRS BMFJan 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$104,453Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathy Lynnes’s $104K as Executive Director is at the 35th percentile of top reported officer pay among 3392 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Kathy Lynnes$104,453$123,730$107,486$101,140$96,795

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$994K · 81%
Contributions & grants$182K · 15%
Investment income$34K · 3%
Other revenue$11K · 1%
Program service revenue81%$994K
Contributions & grants15%$182K
Investment income3%$34K
Other revenue1%$11K
— government grantsLn 1e$134K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$675K
Management & general32%$312K
Total functional expensesLn 25$987K

Balance Sheet

Part X · end of year
CashLn 1$577K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$101K
Total net assetsLn 32$1.3M
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $987K
16.5 months
Where the money goes
Program services
Program services $675K · Total expenses $987K
68%
Management & General
Management & general $312K · Total expenses $987K
32%
Fundraising
Fundraising $0 · Total expenses $987K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $182K · Total revenue $1.2M
15%
Government reliance
Government grants $134K · Total revenue $1.2M
11%
Earned-income share
Program service revenue $994K · Total revenue $1.2M
81%
Investment reliance
Investment income $34K · Total revenue $1.2M
+3%
Program self-sufficiency
Program service revenue $994K · Total expenses $987K
101%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $980K
+25%
Revenue CAGR
FY2020 $539K · FY2024 $1.2M
+23%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $987K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $780K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
57%
People & payroll
Highest Reported Total Compensation
Individual Kathy Lynnes · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $104K · Total expenses $987K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $777K · Total expenses $987K
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Revenue growth 25%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 5 grants · $166K · 2020–2024
Unitemized GrantFY2024$34,159
Unitemized GrantFY2023$30,588
Unitemized GrantFY2022$32,799
Unitemized GrantFY2021$40,701
Unitemized GrantFY2020$27,669

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$980K revenue · ⤓ 990 PDF
FY2023$897K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$539K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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