Springfield Operations Ecs INC EIN 82-3148338

Springfield Operations Ecs INC

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Provides educational services to financially disadvantaged children at an early childhood center. For fiscal year 2024 it reported $818K in revenue, $624K in expenses, and $19.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Springfield, MA
Website
educarespringfield.org
Filings
5 on file (2020–2024)
Revenue
$818KFY2024
Expenses
$624K
Net assets
$19.1M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3148338 Public charity (501(c)(3)) Springfield, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides educational services to financially disadvantaged children at an early childhood center.
Leadership
Nikki Burnett · Executive Director · $87K
Money in and out
$818K revenue, $624K expenses
Bottom line
28% program efficiency
Where the money goes · FY2024
Total revenue
$818K
Pt VIII · Ln 12
Total expenses
$624K
Pt IX · Ln 25
Net assets
$19.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $194K
Where spending went · Part IX cols B–D
Program services $0.28 Management & general $0.72
Program efficiency
28%
of spending reaches programs▲ +34% vs prior filing year
Operating runway
39.2mo
months of highly liquid reserves at operating expense rate▲ +30% vs prior filing year
Surplus margin
+24%
revenue over expenses, this year▲ +127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$818K
FY2024▲ +85%
Expenses
$624K
FY2024▼ -25%
Total assets
$27.5M
FY2024▲ +6%
Total liabilities
$8.4M
FY2024-0.1%
Total revenue
$818K
Pt VIII · Ln 12
Total expenses
$624K
Pt IX · Ln 25
Net assets
$19.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$194K
Total assetsPt X · Ln 16$27.5M
Program-expense ratioPt IX · col B28%
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 $176K of program spending, described in the organization's own filed words · FY2023.
01

Development and operation of an early childhood center to provide educational services to financially disadvantaged children.

$176Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpringfield Operations Ecs INC
EINHdr · item D82-3148338
Principal addressHdr · item CSpringfield, MA
WebsiteHdr · item Jeducarespringfield.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2018

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 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$87,010Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nikki Burnett’s $87K as Executive Director is at the 77th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2024FY2023
Nikki Burnett$87,010$95,472

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
Contributions & grants$413K · 50%
Investment income$404K · 49%
Contributions & grants50%$413K
Investment income49%$404K
Other revenue$788
Total revenueLn 12$818K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.28 Management & general $0.72
Program services28%$176K
Management & general72%$448K
Total functional expensesLn 25$624K

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$27.5M
Total liabilitiesLn 26$8.4M
Total net assetsLn 32$19.1M
Months of cash on handcomputed39.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $624K
39.2 months
Where the money goes
Program services
Program services $176K · Total expenses $624K
28%
Management & General
Management & general $448K · Total expenses $624K
72%
Fundraising
Fundraising $0 · Total expenses $624K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $35 · Solicited contributions (3-yr avg) $412K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $413K · Total revenue $818K
50%
Government reliance
Government grants — · Total revenue $818K
Earned-income share
Program service revenue $0 · Total revenue $818K
0%
Investment reliance
Investment income $404K · Total revenue $818K
+49%
Program self-sufficiency
Program service revenue $0 · Total expenses $624K
0%
Growth & trend
Revenue growth (YoY)
This year $818K · Prior year $442K
+85%
Revenue CAGR
FY2019 $654K · FY2023 $818K
+6%
Net-asset trend (YoY)
End of year $19.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $818K · Expenses $624K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $27.5M
Net-asset ratio
Net assets $19.1M · Total assets $27.5M
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $27.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nikki Burnett · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $87K · Total expenses $624K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $126K · Total expenses $624K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 28%
Overhead ratio 72%
Fundraising cost ratio 0%
Revenue growth 85%
Legal fee ratio 4%
Accounting fee ratio 2%

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 · FY2025
Total grants receivedfrom 1 funder$2K

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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 (Latest)$818K revenue · viewing · ⤓ 990 PDF
FY2023$442K revenue · ⤓ 990 PDF
FY2022$620K revenue · ⤓ 990 PDF
FY2021$486K revenue · ⤓ 990 PDF
FY2020$654K 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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