Underwood After School Program INC EIN 04-2764170 Form 990 (PDF) Claim this org

Underwood After School Program INC FY2023 filing

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Provides after-school activities and education for children in Newton, MA. For fiscal year 2023 it reported $599K in revenue, $511K in expenses, and $433K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Newton, MA
Website
www.underwoodafterschool.org
Filings
5 on file (2021–2023)
Revenue
$599KFY2023
Expenses
$511K
Net assets
$433K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-2764170 Public charity (501(c)(3)) Newton, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides after-school activities and education for children in Newton, MA.
Leadership
Jonathan Ball · President
Money in and out
$599K revenue, $511K expenses
Bottom line
70% program efficiency
Where the money goes · FY2023
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$433K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $88K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Program efficiency
70%
of spending reaches programs
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$599K
FY2023▲ +14%
Expenses
$511K
FY2023▲ +11%
Total assets
$466K
FY2023▲ +26%
Total liabilities
$33K
FY2023▲ +27%
Total revenue
$599K
Pt VIII · Ln 12
Total expenses
$511K
Pt IX · Ln 25
Net assets
$433K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$88K
Total assetsPt X · Ln 16$466K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnderwood After School Program INC
EINHdr · item D04-2764170
Principal addressHdr · item CNewton, MA
WebsiteHdr · item Jwww.underwoodafterschool.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P33Z)
Ruling yearIRS BMFFeb 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $357K of program spending, described in the organization's own filed words · FY2022.
01

The organization provides numerous after school activities including field trips, educational and other activities for the children of the town of Newton, MA

$357Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$501K · 84%
Contributions & grants$98K · 16%
Program service revenue84%$501K
Contributions & grants16%$98K
— government grantsLn 1e$98K
Total revenueLn 12$599K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$357K
Management & general30%$154K
Total functional expensesLn 25$511K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$466K
Total liabilitiesLn 26$33K
Total net assetsLn 32$433K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $473K · Operating expenses/yr $511K
11.1 months
Where the money goes
Program services
Program services $357K · Total expenses $511K
70%
Management & General
Management & general $154K · Total expenses $511K
30%
Fundraising
Fundraising $0 · Total expenses $511K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $98K · Total revenue $599K
16%
Government reliance
Government grants $98K · Total revenue $599K
16%
Earned-income share
Program service revenue $501K · Total revenue $599K
84%
Investment reliance
Investment income $0 · Total revenue $599K
0%
Program self-sufficiency
Program service revenue $501K · Total expenses $511K
98%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $527K
+14%
Net-asset trend (YoY)
End of year $433K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $511K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $466K
Net-asset ratio
Net assets $433K · Total assets $466K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $320K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $466K
69%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Ball · Reported title President · Highest reported compensation $0 · Total expenses $511K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $369K · Total expenses $511K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0%
Revenue growth 14%
Accounting fee ratio 4%

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

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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
FY2025 (Latest)$687K revenue · ⤓ 990 PDF
FY2024$693K revenue · ⤓ 990 PDF
FY2023$599K revenue · viewing · ⤓ 990 PDF
FY2022$527K revenue · ⤓ 990 PDF
FY2021$86K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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